Work suspended at SHC in protest over new Zealand tragedy
KARACHI: The hearing of hundreds of cases was adjourned here Monday as the court work was suspended at Sindh High Court on a moved by Sindh High Court Bar Association.…
Nigerian regulators approve Diamond Bank merger with Access Bank
LAGOS, NIGERIA: Diamond Bank Plc has announced receipt of the final approval of both the Central Bank of Nigeria and the Securities and Exchange Commission to the proposed scheme of…
Smuggled goods recovered from passenger bus
MULTAN: Customs Intelligence Sadiqabad and Punjab Police in a joint operation recovered large quantity of smuggled goods from Sadabahar passenger bus coming from Quetta. Information was passed through Deputy Director…
Pickett appointed CEO of Tribal Group
LONDON: Tribal Group, a leading provider of software and services to the international education market, has announced the appointment of Mark Pickett as Chief Executive Officer (CEO) with immediate effect,…
Betel nut recovered from containers lying at AICT
KARACHI: MCC Appraisement West has recovered 52 tons of betel nut from two containers lying at Al-Hamd container Terminal (AICT). The consignment was imported by M/s Samad Traders, which was…
Pakistan Stock Exchange signs MoU with Qatar Financial Centre
KARACHI: Pakistan Stock Exchange (PSX) and Qatar Financial Centre (QFC) signed a Memorandum of Understanding (MoU) on the sidelines of the inaugural Pakistan-Qatar Trade & Investment Conference. Qatar Financial Centre…
Continued share trading suspension forces YNG Corporation to close all Singapore-based subsidiaries
SINGAPORE: YNG Corporation, the SGX main board-listed investments holding company, has announced that it has been forced to close all of its Singapore-based subsidiaries and terminate the employment agreements of…
CIMIC’S Thiess wins AUD 1.7 billion contract in Botswana
SYDNEY: CIMIC Group’s global mining services provider, Thiess, through Majwe Mining Joint Venture (Majwe), has secured a AUD $1.7 billion contract at Debswana Diamond Company’s Jwaneng Mine Cut 9 project…
United Overseas Australia to acquire development site in Vietnam
KUALA LUMPUR: United Overseas Australia Limited has, through its wholly owned subsidiary United Overseas Australia (UOA) PMH Investments Pte Ltd engrossed a letter of offer to acquire a mixed-use development…
Oxley Holdings form subsidiary Fund in Singapore
SINGAPORE: The Board of Directors of Oxley Holdings Limited has announced that the Group has incorporated a subsidiary in Singapore, namely, Oxley Singapore Opportunistic Development Fund Ltd., with an initial…
CMI to supply a continuous annealing line to JSW India
MUMBAI: JSW Steel Coated Products Ltd. has placed an order with CMI Industry Metals, for the supply of a continuous annealing line (CAL) to be erected at its Vasind Works.…
Vodafone completes its GigaNet fibre roll-out in and around Aspire Zone
DOHA: Vodafone Qatar HAS announced that it is has completed the roll out of its GigaNet fibre connectivity across the Aspire Zone sports complex, home to some of the world’s…
Fitch Ratings affirms QIIB ratings at ‘A’ with a ‘Stable’ outlook
DOHA: Qatar International Islamic Bank (QIIB) announced that Fitch Ratings has affirmed the bank’s rating at ‘A’ with a ‘stable’ outlook, which attests the bank’s strong financial position and its…
Reckitt Benckiser Commits Pkr 1billion To Support Government’s Clean Green Pakistan Movement
Islamabad: Reckitt Benckiser (RB), makers of Dettol and Harpic, has committed an investment of PKR 1Billion for the Government’s ‘Clean Green Pakistan’ movement under the Company’s social vision of HOGA…
Saudi Arabia’s Zain acquires additional spectrum in the 3.5 GHz frequency bands
RIYAD: Mobile Telecommunication Company Saudi Arabia (Zain) has announced successful completion of the auction process and secured 100 MHz of additional spectrum in the 3.5 GHz spectrum, for a period…
Saudi Arabia inclusion to FTSE Russell and S&P Dow Jones into Emerging Market Indices
RIYADH: Today marks the commencement of the first phase of Saudi Stock Exchange’s inclusion into the FTSE Russell and S&P Dow Jones Indices (S&P DJI), both leading providers of global…
DFM shareholders approve 2018 financial statements
DUBAI: Shareholders of the Dubai Financial Market (DFM) have approved the balance sheet and income statement for the financial year ending 31 December 2018, during the Annual General Meeting held…
Ithmaar Holding announces plans to recapitalize
MANAMA: The Board of Directors are in discussions to recapitalize Ithmaar Holding during 2019 and are reviewing plans that include restructuring the existing share capital by setting off the accumulated…
Will world change after New Zealand mosque attacks
By Ashfaq-ur-Rahman The worst ever incident of terrorism in New Zealand on Friday in which 50 worshippers offering Juma prayers were martyred jolted not only the affected families but the…
Business community opposes appointment of Chief Executive TDAP from bureaucracy
KARACHI: The business community has strongly resented to the idea of appointment of a bureaucrat as CEO Trade development Authority of Pakistan (TDAP). In a statement President FPCCI Engr. Daroo…