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Archive for the May 1, 2017

  • The Finance Ministry in a written response to the National Assembly this week past stated that Chinese investors under the China Pakistan Economic Corridor (CPEC) are exempted from taxes and concessions, amounting to 156 billion

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  • Invariably, the constitution of a functional democracy is an admixture of time-honoured maxim of one man one vote, and the complex ground realities including socio-political aspirations of its people, geostrategic compulsions dictated by its setting

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  • Wednesday's terrorist attack by Jaish-ul-Adl militants near the Pak-Iran border that left nine Iranian border guards dead must not be allowed to cast a dark shadow - as it is beginning to look - on

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    • News Desk
    • May 1st, 2017
    • Comments Off on Elon Musk teases future plans at TED talk

    Elon Musk paused while chatting about his series of potentially world-changing endeavours to say he isn't in it to provide salvation. It was during a talk on Friday at a prestigious TED Conference in Vancouver,

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    • News Desk
    • May 1st, 2017
    • Comments Off on Abu Dhabi Commercial Bank first quarter profit up eight percent

    Abu Dhabi Commercial Bank on Sunday posted an 8 percent rise in first-quarter profit, slightly above analysts' forecasts, helped by a double-digit percentage increase in non-interest income. The emirate's second-largest bank by assets made a

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    • News Desk
    • May 1st, 2017
    • Comments Off on Abu Dhabi Commercial Bank first quarter profit up eight percent

    Abu Dhabi Commercial Bank on Sunday posted an 8 percent rise in first-quarter profit, slightly above analysts' forecasts, helped by a double-digit percentage increase in non-interest income. The emirate's second-largest bank by assets made a

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    • News Desk
    • May 1st, 2017
    • Comments Off on Siemens, SAP sign cooperation deals with Saudi Arabia

    Saudi Arabia wants German companies Siemens and SAP to play an important role in furthering the kingdom's "digital transformation", company officials said on Sunday during German Chancellor Angela Merkel's visit to the country. Top executives

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    • News Desk
    • May 1st, 2017
    • Comments Off on US economy softens but Fed likely to stay the course

    Since the Federal Reserve upped its benchmark interest rates by a notch in mid-March, the skies have grown a shade darker for the world's largest economy. The softening outlook may have sapped some of the

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    • News Desk
    • May 1st, 2017
    • Comments Off on Deutsche See to buy 80 Deutsche Post electric vans

    German fish distributor Deutsche See plans to buy 80 electric delivery vans from Deutsche Post DHL Group after Volkswagen turned down a request to build a zero-emission vehicle, Bild am Sonntag reported. Deutsche See said

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    • News Desk
    • May 1st, 2017
    • Comments Off on China-built amphibious aircraft takes maiden flight

    China's domestically developed AG600, the world's largest amphibious aircraft, took its maiden flight ahead of schedule on Saturday from the southern city of Zhuhai, according to the official Xinhua news agency. The AG600 was designed

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