ISLAMABAD: GE Renewable Energy, in consortium with Powerchina Zhongnan Engineering Corporation Limited, announced that it has been selected by Pakistan Water and Power Development Authority (WAPDA) to supply six Francis turbines and generators for Stage 1 of the new Dasu hydropower plant in Pakistan. The 2.2 GW Dasu hydropower project is one of the most important power generation projects in the …

DUBAI: Investment Corporation of Dubai (ICD) today announced its consolidated financial results for the year ended 31 December 2019 having achieved Revenues of AED 228.0 Billion and a Net Profit of AED 25.0Billion. Revenues were AED 228.0 Billion, down by 1.9 per cent, with a drop in Oil and Gas revenues and a marginally lower Transportation income offset by higher …

News Desk DUBAI: With the aim of ensuring business continuity and discussing the way forward to mitigate the impact of Covid-19, His Excellency Hamad Buamim, President & CEO, Dubai Chamber of Commerce and Industry affirmed that the Chamber continues to follow and study indicators related to commercial activity in the emirate, and to communicate with the local business community in …

ABU DHABI: Etisalat Group announced today in a statement that Eng. Saleh Al Abdooli, has submitted his resignation as the Chief Executive Officer of Etisalat Group, for personal reasons. The Board of Directors accepted his resignation and appointed Eng. Hatem Dowidar as Acting Chief Executive Officer for the Group. Dowidar is currently the CEO International of Etisalat. His Excellency Obaid …

BONN, GERMANY – Media OutReach: DHL Global Forwarding, Deutsche Post DHL Group’s air and ocean freight specialist, has launched myDHLi, the only fully integrated online platform for freight forwarding customers. myDHLi’s highly intuitive user interface makes it easy to use and ensures that customers have all relevant information at hand. Reflecting already well established social media functions like follow and share, relevant information …

ISLAMABAD: Easypaisa, Pakistan’s leading mobile banking platform operated by Telenor Microfinance Bank, has initiated an extensive drive to facilitate Small and Medium Enterprises in Pakistan especially during the current COVID-19 crisis. Easypaisa has launched its ‘Easy Business’ portal to facilitate SMEs across the country to raise awareness about the products and services provided by the Bank while also enabling small …

KARACHI: Standard Chartered Bank (Pakistan) Limited, the country’s largest and oldest International bank, today announced its financial results for first quarter 2020. The Bank continues its momentum to deliver a strong performance with profit before tax of PKR 8.8Bn, which is 30per cent higher than Q1 2019. It is the highest ever first quarter profit since the Bank’s incorporation in Pakistan. All …

BANGKOK: Today (19 May 2020) – Mr. Chakkrit Parapuntakul, Second Vice Chairman and Acting President, Thai Airways International Public Company Limited (THAI), said the Thai Cabinet approved the reform plan for THAI which will be implemented through the business reorganization chapter under the auspices of the Central Bankruptcy Court of Thailand and the Bankruptcy Act.  In the meantime, THAI is …

ISLAMABAD: METRO Pakistan as part of its life savers campaign managed a blood collection drive and set up blood camps at six of its stores in and Islamabad, Faisalabad, and Lahore, to give its employees and customers an opportunity to donate blood. During this pandemic the blood donors have reduced massively due to lock down and as a moral duty, …

News Desk GENEVA: On average, prices for mobile-voice, mobile-data and fixed-broadband services are decreasing steadily around the world, and in some countries even dramatically. The reduction in price relative to income is even more dramatic, suggesting that, globally, telecommunication and information and communication technology services are becoming more affordable. However, both trends do not translate into rapidly increasing Internet penetration …