KARACHI: Pakistan International Airlines (PIA) has reached a landmark agreement in distribution with Amadeus, the leading travel technology company, giving PIA full access to Amadeus’ global travel seller network. Through this new agreement, Amadeus-connected agencies will now be able to book PIA’s full suite of domestic and international inventory through the Amadeus Travel Platform. “We’ve…
DNO completes Baeshiqa testing, prepares to spud next well
OSLO: DNO ASA, the Norwegian oil and gas operator, announced completion of testing and appraisal of the Baeshiqa-2 exploration well in the Kurdistan Region of Iraq and the imminent spud of an exploration well on a separate prospect, Zartik, located 15 kilometers southeast on the same license. The testing has proven oil and gas in…
Plymouth Rock Technologies certified to operate drone platform in UK airspace
PLYMOUTH, MASSACHUSETTS: Plymouth Rock Technologies Inc., a leader in the development of cutting edge threat detection technologies, has received permission for Commercial Operations (PfCO) from the Civil Aviation Authority (CAA) to operate Small Unmanned Aircraft (SUA) / Small Unmanned Surveillance Aircraft (SUSA). Having successfully passed the CAA PfCO certification process, PRT can now utilize its…
Fandom Sports appoints Vinokurov as CEO and President
VANCOUVER: Fandom Sports Media Corp. has appointed David Vinokurov as the Company’s President and Chief Executive Officer, effective immediately. Fandom Sports Media is an entertainment company that aggregates, curates and produces unique fan-focused content. Vinokurov is an accomplished executive with more than 12 years of extensive business and corporate development experience from a variety of…
SPH REIT extends tenants’ assistance scheme
SINGAPORE: The Singapore government announced an extension of the circuit breaker by 4 weeks to 1 June 2020. To assist its tenants, SPH REIT will be granting full rental waiver for two months – April and May 2020, for eligible non-trading retail and medical tenants. Together with the rental rebates granted in February and March,…
Hong Leong Finance hits 500th customer in approved COVID-19 loan relief applications
SINGAPORE: Hong Leong Finance (HLF) has seen a surge in COVID-19 approved loan relief applications, reporting that it has approved applications from 500 customers, comprising 300 from local businesses and 200 from retail customers. HLF expects to see a further increase following the latest announcement by the Monetary Authority of Singapore to ease cash flow…
IQE wins BAE Systems’ Gold Tier Award
CARDIFF: IQE plc, manufacturer of advanced semiconductor wafer products for the global semiconductor industry, has won a Gold Tier Award for exceptional performance and contributions to supply chain success in 2019 for BAE Systems’ Electronic Systems sector. BAE Systems provides some of the world’s most advanced, technology-led defence, aerospace, and security solutions. Its Electronic Systems…
Rostelecom leads in J’son & Partners Consulting 2019 rating
MOSCOW: Rostelecom, Russia’s national telecommunications operator, has been ranked at the top of the independent J’son & Partners Consulting 2019 rating. According to the research, the major driver for subscriptions was the comprehensive office solution which includes Internet access, telephony, video surveillance and TV. The pay-TV subscriber base in the b2b segment has seen a…
S&P lowered long term credit ratings of South Africa
LONDON: S&P Global Ratings lowered its long-term foreign-currency sovereign credit rating on the Republic of South Africa to ‘BB-‘ from ‘BB’ and affirmed the ‘B’ short-term foreign-currency sovereign rating, with a stable outlook. At the same time, the long-term local currency sovereign credit rating for South Africa was lowered to ‘BB’ from ‘BB+’ and the…
Nazim Efendiev appointed CEO of Metalloinvest
MOSCOW: Metalloinvest Finance, a leading global iron ore and HBI producer and supplier and one of the regional producers of high-quality steel, has announced the appointment of Nazim Efendiev as CEO of Management Company Metalloinvest. He will combine the new role with the duties of First Deputy CEO, Sales Director. Ivan Streshinsky, Chairman of the…
Pakistan’s overall petroleum products’ sales decline 36% to 1.1mn tons
KARACHI: Pakistan’s overall petroleum products sales by oil marketing companies (OMCs) during April 2020 declined by 36 percent YoY to 1.1 million tons as economic activities declined significantly across country on the back of COVID-19 concerns, latest numbers issued by Oil companies Advisory Committee (OCAC) suggests. “As per market sources, oil consumption witnessed a rising…
SGX and AMTD International form partnership to enhance connectivity of financial markets
SINGAPORE: AMTD International and Singapore Exchange (SGX) have entered into a long-term strategic partnership to promote the development of Singapore’s capital markets and strengthen connectivity between Singapore, ASEAN, the Greater Bay Area, the rest of China and the Middle East. Through this collaboration, AMTD International and SGX will work together to meet the growing market…