Emirates News guru

  in a remarkable turnaround, Pakistan International Airlines (PIA) Holding Company is on the brink of achieving a historic milestone: its first annual profit in more than 20 years. According to audited financial statements obtained by Bloomberg, the national flag carrier reported an impressive earnings per share of PKR 5.01 for the fiscal year ending in December. This would mark the first profitable year for PIA since 2003 — a significant shift for an airline long plagued by financial crises, including aircraft seizures abroad, flight cancellations, and near-bankruptcy. The official figures are expected to be presented to the board for approval before being made public. While PIA's spokesperson has declined to comment on the development, the financial data points to a long-awaited revival for the struggling airline. This breakthrough comes at a critical juncture, as the government is in the final stages of preparing for PIA’s privatization. Last year’s privatization efforts ...

  Haball (“the Company”), Pakistan’s leading supply chain financing and payments fintech, raises a US$52 million pre-Series A funding round comprising equity investment and a strategic financing allocation.   The round’s equity component of US$5 million was led by Zayn VC - Pakistan’s premier venture capital firm. Other investors included Majlis Advisory SPV; several leading private investors in KSA; angel investors, and a prominent business conglomerate. The strategic financing component (US$47 million) was provided by Meezan Bank Limited, Pakistan’s first and largest Islamic bank, rated AAA/A-1+.   The announcement follows a deliberate strategy of responsible fundraising by the Company since its 2017 inception. Investors have been attracted to, and closely aligned with, Haball’s positive unit economics, strategic focus, and track-record of attracting and leveraging impactful investments.   The proceeds will support Haball in consolidating its market lea...

  Livoltek , a global leader in innovative solar energy solutions, is set to make a significant impact at the Middle East Energy 2025 exhibition, taking place from April 7-9, 2025 , at the Dubai World Trade Center, UAE (Booth No. H7-H18) . As the premier energy event in the region, Middle East Energy serves as a pivotal platform for Livoltek to introduce its latest advancements in solar technology and energy storage solutions to a global audience. Livoltek will be showcasing its state-of-the-art on-grid and off-grid solar inverters, hybrid storage systems, and smart energy management solutions that cater to residential, commercial, and industrial applications. Visitors to the Livoltek booth will have the opportunity to experience firsthand how the company’s innovative products are driving energy efficiency, sustainability, and cost savings across diverse sectors At MEE 2025, Livoltek will present its comprehensive range of products designed to meet diverse energy needs:​ ...

  TECNO introduces the highly anticipated CAMON 40 Series, featuring the CAMON 40 and CAMON 40 Pro. Designed to set new standards in dynamic photography, smart AI innovations, and robust durability, this series delivers an unmatched smartphone experience. Capture the Perfect Shot Instantly – FlashSnap Mode Introducing FlashSnap Mode, a revolutionary feature that ensures you never miss a moment. Whether capturing fast-moving action or a fleeting smile, FlashSnap Mode delivers unparalleled speed and precision. With a simple double-click of the One-Tap Button, the phone instantly enters FlashSnap Mode, activating BestMoment, which intelligently captures the perfect shot in real time. The 50MP Sony Flagship Camera (LYT-700C Sensor, 1/1.56” with OIS) brings professional-grade imaging to your fingertips. Combined with AI Eraser 2.0, unwanted objects can be removed instantly, enhancing clarity and ensuring picture-perfect memories. The One-Tap Button is fully customizable, allowing users...