Emirates NBD delivers a net profit of AED7.0 billion in 2020
DUBAI: Emirates NBD delivered a net profit of AED 7.0 billion in 2020 despite a challenging operating environment, a news release said. Total income increased...
Fresh Money—Automobile parts & Accessories
ñ Panther Tyres Limited, formerly known as Mian Tyre and Rubber Company Limited, was founded in 1983 as a tyres and tubes manufacturing company. ñ...
Oil and Gas Exploration and Production: Previews
OGDC: Profitability to plunge by 24% YoY in 2QFY21 We expect OGDC’s earnings in 1HFY21 to arrive at PKR 42,964mn (EPS: PKR 9.99), down by...
Cement: 2Q Preview & Outlook
We expect our cement sample to post 2x jump in quarterly earnings on a sequential basis. We base our forecast on double-digit growth in local...
Insight — Pharmaceutical Sector Update
Vaccines, Trials and Promising Results Pakistan has had 535,914 reported cases of coronavirus to date of which 490,126 recovered. Even though the recovery rate of...
Trade deficit increased by 50% MoM in December
As seen recently, SBP’s latest data revealed that the trade deficit deteriorated sharply during Dec-2020 to US$2,768mn, which is a 50% MoM/64% YoY increase from...
PVC-Ethylene margin rose by 6% WoW to record US$800/ton
The increase came on the back of a 9% decline in the Ethylene prices, currently at US$900/ton whereas spot prices were under pressure due to...
SHUAA managed Nujoom funds announce first dividend
DUBAI: SHUAA Capital psc announced the first dividend for investors in two of its Sharia-compliant funds, offering a 1% cash dividend for the fourth quarter...
SGX and Temasek form JV to advance digital asset infrastructure in capital markets
SINGAPORE: Singapore Exchange (SGX) and Temasek have entered into a joint venture (JV), which is set to be Asia Pacific’s first exchange-led digital asset venture...
New e-commerce operation for Farfetch extends Clipper’s European footprint
LONDON: Clipper Logistics plc has entered into an agreement with Farfetch to provide pan-European e-fulfilment and returns management services from a new facility in Venray,...
The $628 million dispute between Sui Southern Gas and K-Electric taking further toll on power utility
ISLAMABAD: The over Rs100 billion ($628 million) dispute between Sui Southern Gas Company (SSGC) and K-Electric Limited (KE), which is already deterring acquisition of KE...
NEPRA unveils its CSR initiative “Power with Prosperity”
ISLAMABAD: In a bid to introduce an inclusive development model in the power sector of Pakistan, National Electric Power Regulatory Authority (NEPRA) has envisioned developing...