Al Safwa Mubasher launches trading on FTSE Saudi Arabia Index Future
DUBAI: Al Safwa Mubasher has announced the launching of trading on FTSE Saudi Arabia Index Future to be the latest index provided to its clients to enhance their clients’ market…
Emaar Malls accelerates digital transformation; acquires full stake of Namshi
DUBAI: Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties PJSC, has fully acquired Namshi, the leading regional fashion e-commerce retailer. This follows acquiring the remaining stake…
KCCI enhances office timings for membership renewal
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has advised all its members to renew their KCCI membership by March 31, 2019 in order to avoid any inconvenience. According…
SECMC, IUCN for promotion of biodiversity conservation in Thar
KARACHI: Sindh Engro Coal Mining Company (SECMC) and International Union for Conservation of Nature (IUCN) have signed a Memorandum of Understanding (MoU) aimed at jointly promoting conservation and sustainable management…
Kuwait National Day celebrated
KARACHI: The Consul General of the State of Kuwait in Karachi, Muhammad Abdullah Al Khalide, hosted a reception on Thursday, February 21, 2019 to mark the 58th National Day and…
DFM nurtures culture of innovation amongst employees and participants
DUBAI: As part of its efforts to strengthen its leading position amongst most innovative and smart exchanges in the region and beyond, Dubai Financial Market (DFM) organizes series of brainstorming…
Arabian Pipes Company gets another order from Saudi Aramco
Jeddah: Arabian Pipes Company has been awarded SR 41 million order for the supply of steel pipes to Saudi Aramco. Arabian Pipes Company has been awarded on February 24, 2019…
Saudi Cement Company posts 11.6pc decline in profits
JEDDAH: Saudi Cement Company has announced a net profit of SAR 400.5 million for the year ended December 31, 2018, which is 11.6 percent lower than the profit of SAR…
Al Meera Consumer Goods declares dividend
DOHA: Al Meera Consumer Goods disclosed the consolidated financial statement for the year ended December 31, 2018. The statements show that the net profit clocked in at QR 182.39 million,…
Baidu posts 50pc plunge in profits
Shanghai: Leading Chinese internet search provider Baidu has announced a 50 percent plunge in net profit for the fourth quarter but revenue beat expectations on growth in its core search…
Patriots vow to owe and own Pakistan
When academia, philanthropists, corporate leaders and professionals focused to harness the promise and potential of Pakistan through such segments as fostering vocational trades of dignity, education, healthcare and environment through…
The Hive: fastest growing nationwide chain of co-working spaces
KARACHI: The Hive, a brand of Infinitum Innovations, has become the fastest growing nationwide chain of coworking spaces and serviced offices in the country. In a recently signed MoU, The…
SMEs all set to put up industries in Sindh on fast track
KARACHI: The Small and Medium Industrial Leasing Estates Pvt Ltd (SMILE) has facilitated the Pakistan Peoples Party (PPP) chairman Bilawal Bhutto for setting up the investment secretariat and have urged…
Boursa Kuwait promotes capital market literacy among university students
KUWAIT: Reinforcing its commitment to promoting capital market literacy among students, Boursa Kuwait has participated in the first ever ‘Stock Exchange Week’ program organized by Kuwait University’s College of Business…
Middle East Paper Co. renew credit facilities with several banks
JEDDAH: Middle East Paper Co. (MEPCO) has announced renewal of credit facilities with several banks to finance the company’s working capital and to meet other business requirements. MEPCO has announced…
Rail Road Can Address Hazardous Dumping of Coal in Karachi
The government needs to work on swift and bulk transportation of coal in order to avoid its unnecessary temporary storage that is becoming threat for environment and localities. It has…
Advanced Petrochemical Company shutting down its Propylene plant for 10 days
JEDDAH: Advanced Petrochemical Company has announced that its Propylene plant will be shut down for essential assessment for critical reliability improvements for a maximum period of 10 days starting from…
Qatar Oman Investment Co’s profits decline
DOHA: Qatar Oman Investment Co. disclosed its financial statements for the period ended on December 31, 2018. The statements show that the net profit is QR 4.38 million, down 53…
Saudi Arabian Amiantit Company announces closure of two companies
JEDDAH: Saudi Arabian Amiantit has announced its plans to reduce its capital against total accumulated losses and the restructuring parts of the Group’s companies. Saudi Arabian Amiantit Company has announced…
Deyaar Development posts 7.7pc profit growth
DUBAI: Deyaar Development PJSC has announced a net profit of AED 140 million for the year ended December 31, 2018, which is 7.7 percent higher than the profit of AED…