DUBAI: Deutsche Bank AG, JPMorgan Chase and Co and Societe Generale SA are changing to a Saturday-Sunday weekend from the New Year in the UAE. The German bank will from January 3, 2022 operate Monday-Friday instead of the current Sunday-Thursday, as is common around the Middle East, a source familiar with the matter told Reuters. Wall … Read more
RIYADH: Saudi online food delivery platform Jahez International Co, announced its initial public offering price on parallel market Nomu at SR850 ($226)/share, the highest end of its indicative range, Arab News quoted the company, as saying, in a bourse filing. This followed the completion of the book-building process by HSBC Saudi Arabia, which included 38.8 times oversubscription … Read more
In Boeing Co’s factory of the future, immersive 3-D engineering designs will be twinned with robots that speak to each other, while mechanics around the world will be linked by $3,500 HoloLens headsets made by Microsoft Corp, Reuters reported. It is a snapshot of an ambitious new Boeing strategy to unify sprawling design, production and airline services … Read more
New Zealand Cricket has confirmed it will tour Pakistan for two Tests and three ODIs in December/January 2022-23 as part of the Future Tours Programme and will return in April 2023 for 10 white-ball matches to make-up for the September 2021 abandoned tour, the Pakistan Cricket Board announced on Monday. The arrangement were finalised following … Read more
DUBAI: The UAE’s central bank has extended several measures of its Targeted Economic Support Scheme until June 30 to support the continued recovery of the country’s economy, Arab News quoted the bank, as saying. It said in a statement it was extending the TESS programme to support new lending and financing, as well as prudential relief measures … Read more
MOSCOW: Russian natural gas deliveries to Germany through the Yamal-Europe pipeline dropped sharply, Reuters quoted data from the German network operator Gascade, as showing. Flows at the Mallnow metering point on the German-Polish border fell to an hourly volume of 1,217,444 kilowatt hours from an average of 10,000,000 kWh/h on Friday and around 12,000,000 kWh/h on Thursday. … Read more
KHANPUR: The Federal Investigation Agency (FIA) Bahawalpur carried out a raid in Khanpur and arrested six suspects allegedly involved in illegal money exchange, hundi and hawala, Bol news channel reported on Monday. The FIA sources said the suspects were arrested from bus stands of Khanpur and Nawazabad. The suspects have been identified as Sajjad Ahmed, … Read more
HONG KONG: The Hong Kong’s strict adherence to a zero-Covid strategy is damaging the hub’s aviation industry and “killing” Cathay Pacific, a major shareholder in the city’s home carrier told local media. Following Beijing’s lead, Hong Kong has maintained some of the world’s strictest quarantine measures and travel curbs, which has kept the city coronavirus-free … Read more
KARACHI: The Pakistan stocks opened on a bullish note as the KSE-100 index witnessed an increase of 158.44 points, or 0.36 per cent, in the first hour of trading on Monday. The Pakistan equity market closed in the green zone on Friday, as the market welcomed the central bank’s liquidity injection via the open market … Read more
JEDDAH: Saudi Transport and Logistics Minister Saleh Al-Jasser has inaugurated the first phase of the Saudi Logistics Services’ Jeddah station extension at the King Abdulaziz International Airport, Arab News reported. The project will boost the annual capacity of the company, which is a member of the Saudi Arabian Airline Corp, to 1.1 million tonnes. Equipped with world-class … Read more
RIYADH: Sanabil Investments, wholly owned by the Public Investment Fund, and 500 Global, a leading global venture capital firm has unveiled 11 startups in the second batch of the Sanabil 500 MENA Seed Accelerator Programme 2021, Arab News reported. Female founders lead a third of the batch, signaling 500 Global’s commitment to continue supporting diversity. The program … Read more
KARACHI: The pandemic hit us all in different ways, with lockdowns affecting every industry to exist, and it was no different for our film industry as well. The past two years halted the release of many anticipated films and consequently, many award shows had to shelve their film categories. With the cinemas finally being open … Read more
The three-match One Day International series between Pakistan and West Indies have been called off due to a Covid outbreak in the visitors’ camp, both the boards announced it in a joint statement on Thursday. However, the Pakistan Cricket Board (PCB) Chief Executive Officer Salman Naseer believes that there is a high probability that the … Read more
Red Bull’s driver Max Verstappen became Formula One world champion for the very first time after a stimulating end to the 2021 season which was held over nine months and 22 different races. The 24-year-old’s triumph in Abu Dhabi came in a nail-biting last-lap contest with Mercedes’ Lewis Hamilton. However, there were different turns of … Read more
KARACHI: Uzair Jaswal is a star-studded name in the Pakistani music industry who has had several cult classics under his belt, including Tere Bin, Jaanvey, Bolay and Nindiya Ke Paar. He released his debut album titled Na Bhulana in the end of 2016, after a decade of making music. Not only has he made a … Read more
ISLAMABAD: Minister for Information and Broadcasting Chaudhry Fawad Hussain has said a joint television channel would be set up to promote media links between Pakistan, Turkey and Malaysia. “Focal persons have been named for media sharing, and the joint media network will be formed,” he said talking to media in Islamabad. Read more: Fawad urges … Read more
KARACHI: If I have to give empowerment, strength and success another name, I would call it Sidra Iqbal. A shine in her eyes and her face carry-ing a soft smile that compliments her kind personality was what I could instantly witness as I entered into a local café to interview Iqbal. As we sat down, … Read more
The Pakistan Super League (PSL) 2022 is set to begin in less than two months where the fans will witness their favorite stars battling it out for the ultimate supremacy. Every year, people wait for teams to play on the field, but the real action begins months ahead when the management pick their contingents for … Read more
The draft for the seventh edition of the Pakistan Super League (PSL) took place on December 12 in Lahore, where the six franchises selected their teams. Before the draft, all the franchises were allowed to retain a maximum of eight players, while the teams must have a squad of 16 players and two additional supplementary … Read more
ISLAMABAD: A specially convened meeting of the 57 member states of the OIC on Sunday vowed to play a leading role in delivery of humanitarian assistance to the people of war-torn Afghanistan and unanimously agreed on establishing a Humanitarian Trust Fund, launch a Food Security Programme and engage with the World Health Organization for securing … Read more
LAHORE: For over a year now, the sweetness of sugar has gone sour — at least for common Pakistanis. They remain at the mercy of the powerful sugar mafia, despite the identification of the main culprits responsible for the last year’s multi-billion rupees scam. But the clout of the mafia members is big, their pockets … Read more
KARACHI: The country was shocked when a media worker in Karachi took his own life in the last week of November. Fahim Mughal, an assistant at the production department of a news outlet, was sacked a few months back. Since his dismissal, he had been driving a rented rickshaw to feed his family. He committed … Read more
PESHAWAR: After seven years of refugee life, the repatriation of Pakistani fleeing to Afghanistan on the occasion of military operation Zarb-e-Azb has started. At the time around one million people by some estimates from North Waziristan have opted to leave for bordering provinces in Afghanistan In June 2014, the Pakistan army has initiated a mega … Read more
QUETTA: “In English, it was called tunnel-well. Arabs called it Falaj. Iranians called it Qanat. North Africans named it Khetara but in Balochistan and Central Asia it was called Karez. “Unfortunately, the system which was used across the world for irrigation for centuries is now taking its last breaths,” Sharif Kakar, a resident of northern … Read more
KARACHI: The Sindh High Court had earlier ordered that the Mohatta Palace, a long-standing cultural landmark in Sindh and a frequented museum, be converted into a female-only Medical College. This understandably enraged many civil society activists and government officials alike, who took to social media and parliament to make clear their opposition to this decision. … Read more
LONDON, Dec. 19 (Xinhua) — Another 12,133 Omicron cases have been recorded in Britain, the biggest daily increase since the COVID-19 variant was detected in the country, taking the total Omicron cases found in the country to 37,101, the UK Health Security Agency (UKHSA) said Sunday. Meanwhile, Britain reported 82,886 coronavirus cases in the latest … Read more
YANGON, Dec. 19 (Xinhua) — Myanmar reported 152 new COVID-19 infections with a daily positivity rate of 1.32 percent in the past 24 hours, according to a release from the Ministry of Health on Sunday. The number of COVID-19 cases has increased to 528,253 while its death toll has reached 19,220 after seven new deaths … Read more
SINGAPORE, Dec. 19 (Xinhua) — Singapore reported 255 new cases of COVID-19 on Sunday, bringing the total tally in the country to 275,910. Of the new cases, 182 were in the community, six were in migrant worker dormitories and 67 were imported cases, according to statistics released by the Ministry of Health (MOH). A total … Read more
