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  • NIC invites startups for incubation

    July 10, 2018 12:00 AM

    ISLAMABAD: The National Incubation Center (NIC) held an open house session for all those who aspire to be a part of its fourth group of start-ups, a statement said on Monday. The top startups at the NIC out of the selected entrepreneurs will be chosen for the Jazz xlr8 program. The Jazz xlr8 program at the NIC offer startups access to Jazz’s user base, a global

  • Shell launches Dynaflex technology fuel

    July 10, 2018 12:00 AM

    KARACHI: Shell Pakistan has launched Dynaflex technology fuel, which has five times the molecules that reduce engine dirt and friction. A Shell fuel scientist, Mae Ascan said that the new Shell V-Power is an innovative new formulation that targets a key enemy of engine performance and efficiency – dirt deposits – and helps clean them away. It also has new friction

  • Weinstein Co sales price increased

    July 8, 2018 12:00 AM 1

    NEW YORK: The Weinstein Co, its buyer and creditors on Friday said they reached a deal to increase the bankrupt film studio´s sales price by $2 million, to $289 million, to ensure the deal goes through. Robert Del Genio, a senior managing director of business advisory firm FTI Consulting who is serving as Weinstein Co´s chief restructuring officer, said in statement

  • EchoStar drops $3.2bln bid for Inmarsat

    July 8, 2018 12:00 AM 1

    LONDON: U.S. satellite group EchoStar dropped a $3.2 billion takeover approach for Inmarsat on Friday after failing with a late attempt to persuade the British company into talks.EchoStar, which is chaired by billionaire entrepreneur Charlie Ergen, said it would not table a formal offer for the UK satellite operator after the FTSE 250 company rejected

  • TDAP holding sports fair in Japan

    July 8, 2018 12:00 AM 1

    KARACHI: The Trade Development Authority of Pakistan (TDAP) and Japan International Cooperation Agency (JICA) are jointly organising the first-ever TDAP-sponsored sports exhibition in Tokyo, Sportec from July 25 to 27, 2018, a statement said on Saturday. In the event, 30 sports sector companies of Pakistan are participating, it added. These companies

  • Iran calls for EU help as shipping giant pulls out for fear of US sanctions

    July 8, 2018 12:00 AM 1

    AIX-EN-PROVENCE, France/LONDON: One of the world´s biggest cargo shippers announced on Saturday it was pulling out of Iran for fear of becoming entangled in U.S. sanctions, and President Hassan Rouhani demanded that European countries to do more to offset the U.S. measures. The announcement by France´s CMA CGM that it was quitting Iran deals a blow to Tehran

  • Iranian oil minister calls Trump’s order to OPEC insulting

    July 8, 2018 12:00 AM 1

    LONDON: Iran´s oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output and exports had not changed as a result of U.S. pressure. Trump on Wednesday accused the Organization of the Petroleum Exporting Countries of driving fuel prices higher, and urged

  • Boeing to take over Embraer unit

    July 7, 2018 12:00 AM 1

    SAO PAULO/PARIS: Boeing Co struck a deal for a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75 billion joint venture, the firms said on Thursday, reshaping a global passenger jet duopoly. The new company, encompassing Embraer’s airliner business, thrusts Boeing into the lower end of the market, giving

  • No one gains in a trade war, Chinese PM says

    July 7, 2018 12:00 AM 1

    SOFIA: No one will gain from a trade war, Chinese Premier Li Keqiang said on Friday, speaking hours after the United States and China slapped tit-for-tat duties on $34 billion worth of the other’s imports. “Trade war is never a solution,” Li said at a news briefing with Bulgarian Prime Minister Boyko Borissov in Sofia before a summit with 16 central

  • Dividend distribution for funds offered by NBP Funds

    July 6, 2018 12:00 AM 1

    NBP Fund Management Limited (NBP Funds) has announced per unit Dividend distribution (for full year) of the following Funds for the year ended June 30, 2018. NAFA Islamic Principal Protected Fund – II, NAFA Islamic Capital Preservation Plan – I, NAFA Islamic Capital Preservation Plan – II, NAFA Islamic Capital Preservation Plan – III, NAFA Active Allocation