KARACHI: Airblue, Pakistan’s second-largest airline, has resumed international flight operations to the United Arab Emirates. Airblue had received relevant permissions from the Pakistan government and as approvals from the UAE government were received, the airline announced its flight schedule. Airblue aims at flying to most of the cities in the UAE and Saudi Arabia. It … Read more
KARACHI: Spotify has partnered with the Coke Studio Pakistan (CSP) to launch ‘Coke Studio: Pakistan’ destination dedicated to 2022’s music show, a statement said on Thursday. Under this partnership, Spotify is now the official music streaming partner for Coke Studio Pakistan this year. The artists of CSP will have a place to share their music … Read more
ABU DHABI: Ruler of Dubai, vice president and prime minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum, has launched the AED100 million “Arab genius project”, Khaleej Times reported. The Dubai Ruler has used his 16th Accession Day anniversary to launch the project that will search for 1,000 Arab pioneers in different fields. Sheikh Mohammed said … Read more
DUBAI: Employees and schoolchildren juggled work and studies with prayers on the first-ever working Friday in the United Arab Emirates, as the Gulf country formally switched to a Saturday-Sunday weekend. Some grumbled at the change and businesses were split, with some private firms sticking with Fridays and Saturdays, as in other Gulf States. The weekly day … Read more
NEW DELHI: India’s domestic Ranji Trophy has been postponed after a nationwide surge in coronavirus cases, the country’s cricket board said in a statement. The first-class competition — named for Maharaja Ranjitsinhji, an Indian prince who played for England in the 1890s — was scheduled to start this month. But the long-format tournament and February’s Twenty20 women’s league … Read more
KARACHI: Octopus Digital, a digital arm of the Avanceon Group of Companies’, will set up and maintain the industrial data centre infrastructure for one of the largest fast-moving consumer goods (FMCG) corporations in Pakistan, a bourse filing said. This contract execution gives a pathway for positive impact on the group’s business and value for its shareholders, it … Read more
RIYADH: Saudi Arabia on Thursday re-imposed social distancing measures at the Grand Mosque in Makkah, after recording the highest number of infections in months. Workers have returned floor markings removed on October 17 to guide people to social distance in and around the Grand Mosque, which is built around the Kaaba. The Saudi authorities said they … Read more
KARACHI: Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, is offering five lucky members a chance to become Skywards millionaires this Dubai Shopping Festival, a statement said. For a chance to take home one million Skywards miles every week, shop at more than 1,300 retail stores, dine at more than 200 restaurants, enjoy … Read more
DUBAI: Dubai airport, one of the world’s busiest travel hubs, is fully operational for the first time since the coronavirus pandemic erupted in March 2020, officials said on Monday. The opening of sections closed as the Covid-19 crisis took hold comes as the United Arab Emirates records a rise in infections, amid fears of the new … Read more
RIYADH: Saudi Arabia was among the top countries in the Middle East and North Africa for new venture capital deals in the third quarter of 2021 with startups raising SR769 million ($205 million) from 91 deals, Arab News reported. It is a 439 per cent hike as compared with the figures of a year ago during which … Read more
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
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
Pakistani actor Humayun Saeed received a Golden Visa from the UAE government on Friday. The news was shared in an Instagram post by Humayun, with a click with UAE Government officials holding his visa in hand. Read more: Humayun Saeed gives us a sneak peek into the drama serial Sinf-e-Ahan “Honored to receive the Golden … Read more
DUBAI: Karachi, Pakistan’s busiest business hub has a massive investment potential for the UAE and GCC countries. It has the potential to boost the bilateral trade, investment and tourism between the UAE and Pakistan. This was the crux of speeches at the Sindh Investment Conference held in Dubai on Tuesday December 14, 2021. The conference … Read more
RIYADH: The Abu Dhabi Chemicals Derivatives Company, TA’ZIZ, has signed an agreement worth around 3 billion dirham ($800 million) to facilitate projects in the chemical industry with eight UAE-based investors, Arab News reported. The investors will take a stake of up to 20 percent in a portfolio of chemicals projects worth 15 billion dirhams alongside the Abu … Read more
Pakistani boxers Usman Wazeer and Asif Hazara made the nation proud after they clinch international boxing titles in United Arab Emirates (UAE). According to reports Usman Wazeer from the mountainous region of Gilgit-Baltistan, who is a student at the Amir Khan Boxing Academy, claimed the title of the Middle East Champion after defeating his Tanzanian … Read more
RIYADH: Member states of the Gulf Cooperation Council witnessed an improvement in their banking sector, as the total bank deposits increased by 3.3 per cent in the first half of 2021, compared to the end of 2020, Arab News reported. The GCC countries’ total bank deposits reached $1.6 trillion, according to a report released by the GCC … Read more
DUBAI: The United Arab Emirates (UAE) has suspended talks on a $23 billion deal to purchase American-made F-35 planes, armed drones and other equipment, in a rare dispute between Washington and a key US ally in the Arabian Gulf, AP reported. The Emirati Embassy in Washington said it would “suspend discussions” with the US, though meetings at … Read more
RIYADH: Car-booking platform and Uber’s subsidiary Careem is launching its new rapid grocery delivery service in Dubai through Quik, Wamda reported. Using a network of hyperlocal dark stores and inventory management, the new service aims to deliver customers everyday grocery items 24/7 in a delivery time of 15 minutes. It currently caters to select active … Read more
KARACHI: The cooling down of consumer spending, and reduced shipping congestion will result in global trade growing by 5.4 per cent in 2022, an Euler Hermes Global Trade report showed. While there is a risk of a double-dip in the first quarter of 2022, Euler Hermes expects a normalisation of international trade flows in volume … Read more
KARACHI: Huawei Cloud has announced the launch of ‘Spark’, a new startup ecosystem support programme, aiming at empowering the Small and Medium Enterprises (SMEs) to develop their cloud capabilities, a statement said. This initiative is the first step towards supporting Huawei Cloud partners in line with the recently launched Oasis Programme, where Huawei announced plans … Read more
DUBAI: Gulf exchanges are likely to have another busy year of initial public offerings in 2022, possibly surpassing this year’s bumper crop, a Bank of America executive told Reuters. After a year that featured three major IPOs on both Saudi Arabia’s Tadawul and Abu Dhabi’s ADX markets, Dubai has announced plans to list as many as … Read more
ABU DHABI: As Prime Minister Naftali Bennett starts the first official trip by an Israeli premier to the United Arab Emirates on Sunday, here is a timeline of key recent developments between the two countries. The rapprochement between Israel and several Arab states began in August 2020 with a UAE-Israel normalisation deal, and was followed … Read more
ABU DHABI: Israel’s Naftali Bennett arrived in the United Arab Emirates Sunday for the first official visit by a prime minister of the Jewish state after the countries established diplomatic ties last year. The trip announced by Bennett’s office comes with Israel making a renewed diplomatic push against international talks which global powers resumed with … Read more
LAHORE: Chairman, Pakistan Cricket Board, Ramiz Raja has congratulated the national men’s team on a successful two-month tour of the United Arab Emirates and Bangladesh on which they won eight of the nine T20Is and two Tests, adding empowering Babar Azam has yielded the desired results and has brought consistency. Pakistan, for the first time … Read more
RIYADH: Saudi Arabia, the UAE and Kuwait will lead the Middle East with new ‘mega’ petrochemicals projects after a recent slowdown, Arab News quoted the CEO of Arab Petroleum Investments Corp, known as APICORP, told S&P Global Platts. Most of the mega projects have ended and there is a new cycle now, according to Ahmed … Read more
KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir has highlighted the issues and challenges of cyber-security faced by the banks, a statement said. He highlighted the issues in his keynote speech at the Islamic Financial Services Board (IFSB). Malaysia organised the 13th Public Lecture Series on the theme of “Sustainability and Cyber Resilience” … Read more
KARACHI: As the Dubai real estate market staged a strong recovery this year, its prime areas remained in demand throughout the year because of their strategic locations, modern infrastructure and affordable rates, according to Zoom Property Insights. The latest data compiled by the property portal showed that Dubai Marina, Business Bay and Jumeirah Village Circle are … Read more
