DOHA: Al Meera Consumer Goods Company has announced the opening of its latest location in Rawdat Al Hamama, marking an important milestone in the developing locality and bringing the total number of stores in Qatar to 53. Al Meera also announced that as part of its expansion strategy, its Sealine Branch is now offering customers…
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Edge becomes strategic partner to Coca-Cola for its global ecommerce operations
LONDON, UK: Following a formal global review, Edge by Ascential has been selected as the strategic partner to Coca-Cola for its global ecommerce operations. Duncan Painter, CEO of Ascential, commented: “We are excited to be expanding our partnership with Coca-Cola, one of the world’s major brands. This is an important step for both Edge and…
DP World completes acquisition of 77% stake in Feedertech Group
DUBAI, UAE: DP World, a leading enabler of global trade and an integral part of the supply chain, has closed the transactions to acquire 77% stake in Feedertech Group. Feedertech’s founder, Mr. Ali Maghami, will retain the remaining 23% shareholding and remain involved in the business. Unifeeder, a 100% owned subsidiary of DP World PLC,…
Europris acquires a 20 percent equity stake in ÖoB
FREDRIKSTAD: Europris ASA, Norway’s largest discount variety retailer by sales, has today acquired a 20 per cent equity stake in ÖoB with payment in Europris shares. The acquisition of the equity stake has now been completed by the delivery of 4,349,695 Europris shares, corresponding to 2.61 percent of the share capital. This acquisition represents an…
QBID becomes official partner of new China e-commerce platform, WMall
SYDNEY, AUSTRALIA: Artificial Intelligence (AI) and e-Commerce marketing company RooLife Group Ltd announced its newly acquired digital marketing company Quality Brands International Direct (QBID), has been appointed an official partner and supplier for new China e-Commerce platform WMall. WMall is an e-Commerce platform which connects western brands to China’s powerful Daigou shopping network. It is…
Quantum Graphite signs MoU with Iron Road Limited to use Cape Hardy
MELBOURNE, AUSTRALIA: Quantum Graphite Limited (QGL) has entered into a Memorandum of Understanding (MOU) with Iron Road Limited (IRD) in connection with the company’s interest in the utilisation of the proposed Cape Hardy port facility as a logistics solution for the export of its natural flake graphite production from its Uley 2 mine. At a…
US companies reluctant to visit Pakistan due to negative perception: Santella
KARACHI: Agricultural Counselor of United States Department of Agriculture (USDA) Rey Santella has said although they were inviting the US business community but many of them were still reluctant to visit Pakistan mainly due to negative perception and also because of legal and Information Technology related hurdles that need to be addressed. “Pakistan had many…
AFT signs agreements to sell pain relief medicine in Germany, Pakistan and Vietnam
WELLINGTON: AFT Pharmaceuticals has signed licensing agreements for its Maxigesic pain relief medication in Germany, Pakistan and Vietnam, countries with pain relief markets worth more than US$1 billion. In Germany, where AFT has already achieved regulatory approval for Maxigesic tablets, the agreement represents the last significant hurdle to making first sales in an analgesic market…
TDAP to setup Pakistan Pavilion at Automechanika Shanghai 2019
KARACHI: As many as four Pakistani companies will attend the 15th Edition of Automechanika Shanghai 2019, being held during December 03-06, 2019. This year in 2019, Trade Development Authority of Pakistan (TDAP) is organizing again a National Pavilion consisting of four companies including Dawood Engineering, Infinity Engineering, Pakistan Accumulators and Rastgar Engineering. Around 150 buyers from…
ECO members emphasize on enhancing connectivity, promotion of regional tourism
KARACHI: The chambers of commerce and industry of Economic Cooperation Organization (ECO) member countries have emphasized on enhancing the connectivity and promotion of regional tourism prospects, a press release said. The Chambers proposed harmonization of visa regime, implementation of ECO Visa Sticker Scheme and White Card Scheme, holding of ECO Tourism Forum, Investment in tourism…
Pyaterochka opens new distribution centre in Tatarstan
KAZAN: X5 Retail Group, a leading Russian food retailer, has expanded its logistics infrastructure in the Volga Federal District with a Pyaterochka distribution centre (DC) in Zelenodolsk, a town not far from Kazan. Boasting a total area of some 39,500 sq m, the DC features eight storage zones with a specific temperature band in each…
Pakistan begins onion export to Bangladesh after 15 years
DHAKA: Pakistani onion would be placed in Bangladesh market after almost 15 years, as onion exports have begun to Bangladesh following a ban imposed by Indian government on onion exports, an official at Trade Development Authority of Pakistan (TDAP) said. “Bangladesh’s Tasho Enterprise has finalized deals with a Pakistani company Roshan Enterprise Karachi, and 12…