By Rafiq Vayani DUBAI: Mashreq, one of the leading financial institutions in the MENA region and rated A3 (Moody’s), A (S&P) and A (Fitch), all with a stable outlook – successfully closed its US$ 2 billion syndicated loan with two tranches, a three-year and a five-year tranche. The transaction marks Mashreq’s return to the syndicated loan market. Its last syndicated loan …

Meezan Bank, Pakistan’s leading Islamic bank and one of the largest banks in the country, has provided Shariah Technical Services and Advisory Support to Stylers International Limited (SIL), a company listed at Pakistan Stock Exchange (PSX), enabling it to obtain Securities and Exchange Commission of Pakistan’s (SECP) Shariah Compliance Certificate under the Shariah Governance Regulations, 2023 (SGR). This milestone places …

DUBAI: The Middle East and North Africa (MENA) is entering a decisive, services-led growth phase in its IT sector, as enterprises and governments accelerate large-scale digital transformation initiatives. Investments in cloud computing, artificial intelligence (AI), data centres, and cybersecurity are reshaping technology priorities, with implementation, integration, and managed services gaining prominence over traditional software-led models. Industry analysis by Grand View …

News Desk KARACHI: Unity Foods Limited today announced a planned leadership transition, reaffirming its commitment to strong governance, stability, and long-term value creation, undertaken with the full support and cooperation of Wilmar International. Mr. Farrukh Amin has transitioned into the role of Non-Executive Director and stepped down as Chief Executive Officer. He will continue to serve the Company on the …

The Meet Global MICE Congress (MGMC), the largest international event in the business tourism sector, has started in Moscow. It is held for the third time in 2025 this year, the event welcomes guests from 35 BRICS nations and countries of the Global South to share expertise and build new partnerships in the field of MICE tourism. The congress is …

News Desk KARACHI: DIB Pakistan has commenced an ambitious branch expansion project, beginning with 75 new branches across the country, marking one of the largest branch rollouts in Pakistan in 2025. The bank has announced this “Monumental Expansion,” with a media campaign which uniquely intertwines Pakistan’s rich historical heritage with a vision for inclusive financial prosperity. The expansion campaign invokes …

News Desk KARACHI: One of the pioneers in Pakistan’s sweets and bakery industry, United King, officially opened its new outlet in the Dhoraji area of Karachi on Monday, 22 December 2025. The inauguration marks another milestone in the brand’s continued expansion and commitment to delivering quality confectionery and bakery products to its customers. The opening ceremony was held under the visionary …

By Rafiq Vayani KARACHI: Womentum by Hira is set to host EntrepreneurX 1.0 Summit, an exclusive gathering that will bring together entrepreneurs, industry leaders, innovators, and change-makers under one roof. The summit aims to foster meaningful dialogue, spark innovative thinking, and empower the next generation of leaders through shared experiences, practical insights, and collaborative learning. Designed as a high-impact platform, EntrepreneurX 1.0 …

News Desk DUBAI: Accenture (NYSE: ACN) and Snowflake (NYSE: SNOW), the AI Data Cloud company, are expanding their collaboration to scale generative AI innovation and business outcomes for clients, such as Caterpillar. With the formation of the Accenture Snowflake Business Group, announced today, the companies can help more enterprises reinvent their business models by harnessing the power of cloud, AI …

News Desk DUBAI: UAE-based Yango Group published its inaugural Impact Report today, the company’s first comprehensive overview of its social, economic, and environmental contributions across more than 30 countries. The report establishes a long-term framework for how Yango measures, scales, and communicates its impact as a global technology company. The inaugural report reflects Yango Group’s evolution from a single ride-hailing …