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Archive for the ‘Press Releases’ Category

Emirates sets new record with over 1 million Wi-Fi connections on board in March

Thursday, May 3rd, 2018

Karachi /Dubai May 01, 2018 – Emirates has set a new record with over 1 million Wi-Fi connections made on board its flights in March alone. During the month, 1,037,016 Emirates customers connected to the internet during their flight.

Emirates sets new record with over 1 million Wi-Fi connections on board in March

The connections were mainly made over mobile devices with over 94% of users connecting with a smartphone –twice as many connections were made on an iOS mobile phone as compared to an Android mobile, and about 2% with a tablet. The remaining connections were made with laptops and other devices.

Wi-Fi connectivity is available on over 98% of the Emirates fleet, including all A380s, 777-300ERs and 777-200LRs. Customers in all cabin classes receive 20MB of free Wi-Fi data. Emirates Skywards members enjoy special benefits depending on their membership tier and class of travel, including free Wi-Fi when travelling in First Class or Business Class. Over 94% of passengers connecting to Wi-Fi on board Emirates in March took advantage of the complimentary offer and logged on free of charge.

The highest data usage from a single passenger was made by an Emirates Skywards member who stayed connected throughout their flight from Dubai to Johannesburg, consuming 4.9 GB of complimentary data.

Emirates continually invests in improving bandwidth on board by upgrading the connectivity solution on the fleet. Staying connected has become a mainstay and an expectation on Emirates flights and the demand for Wi-Fi on board has been steadily increasing each month. The route with the most Wi-Fi connections in March was EK215 from Dubai to Los Angeles with over 6,000 customers connecting in flight.

Emirates has been at the forefront of innovation with connectivity and inflight entertainment on board. It was the first airline to allow mobile phone use inflight in 2008, and the first to install TV screens in every seat on every aircraft in its fleet in 1992. Today, the airline provides one of the most comprehensive and state-of-the-art entertainment and connectivity services in the skies. ice, Emirates’ award-winning inflight entertainment system, now offers over 3,500 channels of entertainment, including over 700 movies from around the world. This unmatched variety of content will continue to grow, offering Emirates customers even more choice.

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Muhammad Aurangzeb joins HBL as President and CEO

Thursday, May 3rd, 2018

Karachi, May 02, 2018: Habib Bank Limited (HBL), the largest bank in Pakistan, is pleased to announce that Mr. Muhammad Aurangzeb has joined HBL as the President and CEO with effect from April 30, 2018.

Muhammad Aurangzeb

Mr. Aurangzeb is a well respected and seasoned banker with more than 30 years of diverse experience with leading global banks in Pakistan and overseas. He has joined HBL, from JP Morgan, Asia Pacific where he was the CEO Global Corporate Bank.

He started his career with Citibank, first in Pakistan and later in New York. Subsequently, he joined ABN AMRO Bank in a senior leadership role, rising to the position of Country Manager in Pakistan. He has since held senior level regional and global positions in ABN AMRO Amsterdam, RBS Singapore and, since 2011, with JP Morgan.

Mr. Aurangzeb is a graduate of the Wharton School, University of Pennsylvania from where he received a Bachelor’s of Science degree in Economics as well as an MBA.

Upon assuming his new role, Aurangzeb said, “I’m delighted to be a part of HBL, which is an integral part of the nation’s fabric, and look forward to working with all the stakeholders to grow HBL from strength to strength.”

About HBL: HBL was the first commercial bank to be established in Pakistan. Its global network encompassing over 20 countries spanning across three continents. Over the years, HBL has grown its branch network with over 1,700 branches and more than 2,100 ATMs across the globe, servicing a customer base that exceeds 10 million.

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Emirates Group Announces 2017-18 results

Wednesday, May 9th, 2018

Emirates Group Announces 2017-18 results

Group records 30th consecutive year of profit of AED 4.1 billion (US$ 1.1 billion)

  • Solid business growth in line with capacity increases leading to a record revenue of more than AED 100 billion (US$ 27.2 billion) for the 1st time
  • Improved cash balance of AED 25.4 billion (US$ 6.9 billion)
  • Declares a dividend of AED 2.0 billion (US$ 545 million) to the Investment Corporation of Dubai

Emirates reports a profit of AED 2.8 billion (US$ 762 million), 124% better than the previous year

  • Airline capacity crosses 61 billion ATKM with a net addition of 9 new aircraft to the fleet
  • Revenue increases by 9% to AED 92.3 billion (US$ 25.2 billion), supported by strong cargo performance

dnata makes highest profit ever, at AED 1.3 billion (US$ 359 million)

  • Record revenue of AED 13.1 billion (US$ 3.6 billion) reflects further business expansion, with international business now accounting for 68% of revenue
  • Expands global footprint with ground handling acquisitions in the Americas, adds new facilities and service capabilities across its airport operations, catering, and travel services divisions

Karachi /DUBAI, May 09 2018 – The Emirates Group today announced its 30th consecutive year of profit and steady business expansion.

Released today in its 2017-18 Annual Report, the Emirates Group posted a profit of AED 4.1 billion (US$ 1.1 billion) for the financial year ended 31 March 2018, up 67% from last year. The Group’s revenue reached AED 102.4 billion (US$ 27.9.billion), an increase of 8% over last year’s results, and the Group’s cash balance increased by 33% to AED 25.4 billion (US$ 6.9 billion) supported by the bond issued in March and strong sales due to the early Easter holidays at the end of March.

In line with the overall profit, the Group declared a dividend of AED 2.0 billion (US$ 545 million) to the Investment Corporation of Dubai.

His Highness (H.H.) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, said: “Business conditions in 2017-18, while improved, remained tough. We saw ongoing political instability, currency volatility and devaluations in Africa, rising oil prices which drove our costs up, and downward pressure on margins from relentless competition. On the positive side, we benefitted from a healthy recovery in the global air cargo industry, as well as the relative strengthening of key currencies against the US dollar.

“We’ve always responded to the challenges of each business cycle with agility, while never losing sight of the future, and this year was no exception. In 2017-18, Emirates and dnata delivered our 30th consecutive year of profit, recorded growth across the business, and continued to invest in initiatives and infrastructure that will secure our future success.”

In 2017-18, the Group collectively invested AED 9.0 billion (US$ 2.5 billion) in new aircraft and equipment, the acquisition of companies, modern facilities, the latest technologies, and staff initiatives.

Emirates announced two significant commitments for new aircraft during the year: a US$ 15.1 billion agreement for 40 Boeing 787-10 Dreamliners which will be delivered from 2022, and a US$ 16 billion agreement for 36 additional A380 aircraft, including 16 options.

dnata’s key investments during the year included: acquisition of AirLogistix USA, marking its entry in the US cargo market; expansion of cargo handling capabilities with new warehouses and equipment at London Gatwick, Amsterdam-Schiphol, and Adelaide; new catering facilities in Dublin and Melbourne; and new marhaba lounges in Karachi and Melbourne.

Sheikh Ahmed said: “While expanding our business and growing revenues, we also tightened our cost discipline. Across the Group, we progressed various initiatives to rebuild and streamline our back office operations with new technology, systems and processes. In 2017-18, our reduced recruitment activity, coupled with restructured ways of working gave us gains in productivity, and a slowdown in manpower cost increases.”

Across its more than 80 subsidiaries, the Group’s total workforce declined by 2% to 103,363, representing over 160 different nationalities, as part of the overall productivity improvement initiatives in Emirates and dnata.

Sheikh Ahmed concluded: “Looking ahead, Emirates and dnata remain focussed on delivering safe, efficient and high quality services consistently to our customers. Our ongoing investments in our people, technology, and infrastructure will help us maintain our competitive edge, and ensure that we are ready to meet the opportunities and stay on course for sustainable and profitable growth.”

Emirates performance

Emirates’ total passenger and cargo capacity crossed the 61 billion mark, to 61.4 billion ATKMs at the end of 2017-18, cementing its position as the world’s largest international carrier. The airline moderately increased capacity during the year over 2016-17 by 2%, with a focus on yield improvement.

Emirates received 17 new aircraft, after last year’s record number during a financial year, comprising of eight A380s and nine Boeing 777-300ERs. At the same time, eight older aircraft were phased out, bringing its total fleet count to 268 at the end of March. This fleet roll-over involving 25 aircraft was again one of the largest managed in a year, keeping Emirates’ average fleet age at a youthful 5.7 years.

It underscores Emirates’ strategy to operate a young and modern fleet which is better for the environment, better for operations, and better for customers. The airline remains the world’s largest operator of the Boeing 777 and A380 – both aircraft being amongst the most modern and efficient wide-bodied jets in the sky today.

During the year, Emirates launched two new passenger destinations: Phnom Penh (Cambodia) and Zagreb (Croatia). It also added flight capacity to 15 existing destinations, offering customers more choice of flight timings and onward connections.

Emirates also grew its global connectivity and customer proposition through strategic partnerships. During 2017-18, Emirates entered into significant partnerships with flydubai and Cargolux, expanding the choice of air services on offer to passenger and cargo customers respectively. Emirates also received authorisation to extend its partnership with Qantas until 2023.

In spite of political challenges impacting traveller demand and fare adjustments due to a highly competitive business environment, Emirates managed to increase its revenue to AED 92.3 billion (US$ 25.2 billion). The decline of the US dollar against currencies in most of Emirates’ key markets for the first time in a number of years had an AED 661 million (US$ 180 million) positive impact to the airline’s bottom line.

Total operating costs increased by 7% over the 2016-17 financial year. The average price of jet fuel increased sharply by 15% during the financial year. Including a 3% higher uplift in line with capacity increase, the airline’s fuel bill increased substantially by 18% over last year to AED 24.7 billion (US$ 6.7 billion). Fuel is now 28% of operating costs, compared to 25% in 2016-17, and it remained the biggest cost component for the airline.

The airline successfully managed strong competitive pressure across all markets and increased its profit to AED 2.8 billion (US$ 762 million), an increase of 124% over last year’s results, and a profit margin of 3.0%.

Overall passenger traffic growth continues to demonstrate the consumer desire to fly on Emirates’ state-of-the-art aircraft, and via efficient routings through its Dubai hub.

Emirates carried a record 58.5 million passengers (up 4%), and achieved a Passenger Seat Factor of 77.5%. The increase in passenger seat factor compared to last year’s 75.1%, is a result of successful capacity management in response to political uncertainty and strong competition in many markets despite a moderate 2% increase in seat capacity.

Supported by the weakening of the USD against most currencies, passenger yield increased to 25.3 fils (6.9 US cents) per Revenue Passenger Kilometre (RPKM).

To fund its fleet growth during the year with high ongoing new aircraft deliveries, Emirates raised AED 17.9 billion (US$ 4.9 billion), using a variety of financing structures, including the successful execution of a US$ 600 million sukuk in March to fund the acquisition of two A380 aircraft to be delivered in 2018.

Emirates continues to tap the Japanese structured finance market in conjunction with debt from a wide-ranging group of institutions in China, France, the United Kingdom, and Japan. The company raised in excess of AED 3.7 billion (US$ 1 billion) during the year from this source. Emirates has also refinanced a commercial bridge facility (due to non-availability of ECA cover) of AED 3.8 billion (US$ 1.0 billion) via an innovative finance lease structure for five A380-800 aircraft, accessing an institutional investor and bank market base from Korea, Germany, the United Kingdom and the Middle East.

These deals align with Emirates’ financing strategy and demonstrates its ability to unlock diverse financing sources through access to global liquidity. It also underscores its sound financials and the strong investor confidence in the airline’s business model.

Emirates closed the financial year with a healthy and increased level of AED 20.4 billion (US$ 5.6 billion) of cash assets.

Revenue generated from across Emirates’ six regions continues to be well balanced, with no region contributing more than 30% of overall revenues. Europe was the highest revenue contributing region with AED 26.7 billion (US$ 7.3 billion), up 12% from 2016-17. East Asia and Australasia follows closely with AED 25.4 billion (US$ 6.9 billion), up 12%. The Americas region recorded revenue growth at AED 13.4 billion (US$ 3.7 billion), up 7%. Gulf and Middle East revenue decreased by 2% to AED 8.5 billion (US$ 2.3 billion) whereas revenue for Africa increased by 8% to AED 9.4 billion (US$ 2.6 billion). West Asia and Indian Ocean revenue increased by 5% to AED 7.8 billion (US$ 2.1 billion).

Through the year, Emirates introduced product and service improvements on board and on the ground.

Key highlights include: the launch of fully-enclosed suites in First Class together with refreshed Business Class and Economy Class cabins on the 777-300ER aircraft; new, wider Business Class seats arranged in a 2-2-2 layout on the 777-200LR aircraft; and a refreshed version of the popular Onboard Lounge on the Emirates A380.

On the ground, Emirates added a new dedicated lounge in Boston for its premium passengers and frequent flyers; refurbished existing lounges in Singapore and Bangkok, and completed a US$ 11 million makeover of its lounges in Dubai airport Concourse B.

Emirates also invested in new channels and technology to offer even better and more personalised customer experiences online, on mobile, as well as via its retail and contact centres.

For 2018-19, Emirates has announced new routes to London Stansted in the UK, Santiago in Chile, Edinburgh in Scotland, and an additional flight between Dubai and Auckland via Bali, aside from capacity upgrades to existing destinations.

Emirates SkyCargo recorded a strong performance in a resurgent market, and continues to play an integral role in the company’s expanding operations, contributing 14% of the airline’s total transport revenue.

In an airfreight market with fast-changing demand patterns, Emirates’ cargo division reported a revenue of AED 12.4 billion (US$ 3.4 billion), an impressive increase of 17% over last year, while tonnage carried slightly increased by 2% to reach 2.6 million tonnes.

This year, freight yield per Freight Tonne Kilometre (FTKM) increased by 14%, reflecting a very positive market environment for the industry, and the weakening of the USD against major currencies.

Emirates’ SkyCargo’s total freighter fleet stood at 13 Boeing 777Fs. In addition to belly-hold capacity to Emirates’ new passenger destinations, Emirates SkyCargo launched new freighter services to Maastricht (Netherlands), Luxembourg, and Aguadilla (Puerto Rico).

Emirates SkyCargo continued to develop innovative, bespoke products tailored to key industry sectors. In November, it signed an MoU with Dubai CommerCity to develop new solutions for the e-commerce sector using Dubai as a hub.

During the year, Emirates SkyCargo launched Emirates Fresh for perishable commodities such as fresh cut flowers, fruits and vegetables. For temperature-sensitive Pharma products, Emirates SkyCargo rolled out a pharma corridors programme to offer enhanced origin-to-destination protection, and it also partnered with DuPont to introduce White Cover Xtreme, a next generation thermal blanket to protect sensitive cargo.

Emirates’ hotels recorded revenue of AED 746 million (US$ 203 million), a moderate increase of 1% over last year in a highly competitive market mainly in the UAE.

dnata performance

In its 59 years of operation, 2017-18 has been dnata’s most profitable year, crossing AED 1.3 billion (US$ 359 million) profit for the first time. Building on its strong results in the previous year, dnata’s revenue grew to AED 13.1 billion (US$ 3.6 billion), up 7%. dnata’s international business now accounts for 68% of its revenue.

The strong performance was achieved through organic growth with key contract wins coupled with solid customer retention across its four business divisions, as well as the impact of acquisitions from previous year.

dnata continued to lay the foundations for future growth by investing AED 600 million in new facilities and equipment, acquisitions, leading-edge technologies and people development.

One of its key initiatives in 2017-18 was to embark on the journey to implement a new Enterprise Resource Planning (ERP) solution that will transform its business support functions, and provide real time information to enable better decision making, governance, efficiency and scalability for continued growth and expansion.

In 2017-18, dnata’s operating costs increased accordingly by 8% to AED 11.9 billion (US$ 3.2 billion), reflecting the impact of organic growth across all lines of business coupled with integrating the newly acquired companies mainly across its international airport operations.

dnata’s cash balance reached AED 4.9 billion (US$ 1.3 billion), a new record high. The business delivered an AED 1.9 billion (US$ 506 million) cash flow from operating activities in 2017-18, which is also a new record in line with the enhanced cash balance.

Revenue from dnata’s UAE Airport Operations, including ground and cargo handling increased by 4% to reach AED 3.2 billion (US$ 859 million).

The number of aircraft movements handled by dnata in the UAE declined by 2% to 211,000 impacted by the geopolitical situation in the region, whereas Cargo handling increased by 2% to 731,000 tonnes, supported by the strong overall air cargo market.

In addition to the steady delivery of initiatives started in 2014 to optimise its operations, covering facility improvements, process changes, infrastructure upgrades and IT development, dnata also successfully tested the use of blockchain technology to further streamline and simplify its cargo delivery processes from origin to final destination.

dnata’s International Airport Operations division grew revenue by 14% to AED 3.8 billion (US$ 1.0 billion), on account of increasing business volumes, opening of new locations and winning new contracts.

International airport operations continue to represent the largest business segment in dnata by revenue contribution. The number of aircraft handled by the division further increased substantially by 10% to 449,000, and Cargo noted a substantial growth of 10% to 2.4 million tonnes of handled goods.

dnata continued to win over customers with its high quality standards, inking over 90 contracts with new and existing customers during the year.

During the year, dnata made significant investments which expanded its capability and global presence. In May, dnata entered the US cargo market with its acquisition of AirLogistix USA. The investment includes state-of-the-art cargo handling facilities in Houston and Dallas Fort-Worth. dnata also expanded its cargo handling capabilities at Gatwick, opened an additional cargo warehouse in Schiphol, and a new airside cargo facility in Adelaide.

In the US, it received a new licence to provide ground handling services at John F. Kennedy International Airport’s (JFK) Terminal 4; and it commenced operations at JFK’s Terminal 8. In Singapore, dnata began operations at Singapore Changi Airport’s new Terminal 4; and opened a new maintenance base for ground service equipment.

dnata’s Catering business accounted for AED 2.1 billion (US$ 585 million) of its total revenue, up 7%. The inflight catering business uplifted more than 55 million meals to airline customers.

During the year, dnata opened a state-of-the-art catering hub at Melbourne airport, the largest such facility in the southern hemisphere, and a second catering facility in Ireland at Dublin airport. It also entered the Canadian market when it was awarded a licence to provide flight catering services to airlines departing Vancouver International Airport, and has commenced plans to build a dedicated catering facility there.

dnata strengthened its presence in the North American market with the acquisition of 121 in-flight catering, a New York-based in-flight and VIP caterer in March. This is pending approval from the Committee of Foreign Investments in the United States (CFIUS). In April 2018, dnata announced the acquisition of Qantas’ catering business, subject to the approval of the Australian Competition and Consumer Commission.

Revenue from dnata’s Travel Services division has seen a turnaround after last year’s decline with an increase of 8% to AED 3.4 billion (US$ 922 million). The underlying total transaction value (TTV) of travel services sold increased by 6% to AED 11.3 billion (US$ 3.1 billion).

This solid performance was supported by dnata’s ability to tap on the upswing in both inbound and outbound tourism demand in the Middle East, and a healthy increase in long-haul travel and cruise bookings in Europe and Australia.

In 2017-18, dnata completed its acquisition of a stake in Destination Asia, a leading destination management company with operations across 11 Asian countries, making its entry into South East Asia’s inbound travel market. Its UK-based Imagine Cruising business, completed a successful first year of trading in Australia, and acquired Holiday Planet, a leading travel company in Perth to boost growth in this market.

During the year, dnata invested in technology to provide enhanced functionality and a better service experience for its partners and customers. This included the creation of two travel reservation systems for Emirates Holidays and dnata Travel’s B2B business, to replace existing ones.

The full 2017-18 Annual Report of the Emirates Group – comprising Emirates, dnata and their subsidiaries – is available at: www.theemiratesgroup.com/annualreport

 

US$ figures are converted at 1US$ = 3.67AED and are based on the full AED figures before rounding.

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Prime Minister Inaugurates Pakistan’s First Purpose-Built Deep-Water Container Terminal

Friday, May 11th, 2018

Karachi, May 11, 2018 –  Hutchison Ports Pakistan is pleased to announce the formal inauguration of its purpose-built, deep-water container terminal in the Port of Karachi – the first of its kind in the country.

The ceremony was led by the Prime Minister of Pakistan, Shahid Khaqan Abbasi, demonstrating the importance of the terminal to Pakistan’s development. Also present were Minister for Maritime Affairs Senator Mir Hasil Khan Bizenjo; Sindh Governor Muhammad Zubair and the Chairman of Karachi Port Trust (KPT) Rear Admiral Jamil Akhtar.

Hutchison Ports Pakistan is a public-private partnership of Karachi Port Trust (KPT) and Hong-Kong-based Hutchison Ports. The terminal is one of the most advanced in the region, having broken its own productivity record four times and serviced some of the largest containerships in the world since test operations began on 9 December 2016. Its high performance is expected to raise Pakistan’s global trade competitiveness and set a strong foundation for further economic growth.

At the ceremony, Prime Minister Abbasi commented that the port is an historic achievement for the country and that the Pakistani Government has actively supported this initiative along with several other regional infrastructure and connectivity projects across the country. “Ports in general, and Hutchison Ports Pakistan in particular, are an integral part of Pakistan’s economic development and will contribute significantly to change Pakistan’s economic landscape for the better,” he added.

Hutchison Ports Pakistan is equipped with state-of-the-art technology to facilitate seamless operations, including eight remote-controlled quay cranes, 26 rubber-tyred gantry cranes, control tower coordination, CCTV and trunked radio systems. The terminal is also equipped with Hutchison Ports’ proven terminal operating system, nGen. nGen controls yard and quay operations with the highest level of efficiency, on par with the world’s most efficient container terminals.

Furthermore, the terminal will launch a new regional operations centre in December 2018, allowing it to engage in remote ship planning for ports in other markets that are part of the Hutchison Ports network. In sum, the facility’s technological advantages significantly reduce cycle times and provide substantial cost savings to exporters and importers.

On this topic, Senator Mir Hasil Khan Bizenjo, Minister for Maritime Affairs asserted that capital-intensive mega-development projects such as Hutchison Ports Pakistan will enable optimized trade, supporting the national economy. He pointed out that 97 percent of Pakistan’s international trade was handled through seaports and that the Ministry was committed to integrating the country’ ports.

Rear Admiral Jamil Akhtar, Chairman of KPT, affirmed that the terminal will establish Karachi as a major hub for trade, playing a vital role in unlocking Pakistan’s trade potential KPT has invested over US$800 million to prepare the site for the container terminal, to dredge the deep-water channel, and more.

Hutchison Ports Managing Director, Middle East Africa, Andy Tsoi stated that the company is committed to the continued development of Pakistan and aims to provide local industries with a unique and well-equipped gateway to world markets. He added that the port in is being operated at international standards and applies the highest level of expertise in port operations.

Captain Syed Rashid Jamil, General Manager and Head of Hutchison Ports Pakistan, noted the terminal’s advanced characteristics and concluded by affirming that Hutchison Ports Pakistan already plays an important role by creating the conditions for accelerated trade and will further magnify the Karachi’s potential, transforming it into a prime Asian hub for trade and transport activities.

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Coca-Cola & Rotary inaugurate water filtration plant at world’s 5th largest slum in Sindh

Thursday, May 10th, 2018

Karachi, May 10, 2018: Coca-Cola has partnered with Rotary Pakistan National Polio Plus Committee, and UNDP as administrative partner, for the project ‘Zindagi’ – meaning life, with a mission to provide clean drinking water and mitigating the transmission of water-borne diseases in Pakistan. The $80,000 project has been funded by The Coca-Cola Foundation and the third of five solar-powered filtration plants has been inaugurated in Orangi, Sindh, which is the 5th largest slum in the world with a population of 2.5 million, according to a study conducted by Habitat for Humanity, UK. The plant was jointly inaugurated by Rotary National Chair Aziz Memon, DG Ovais Kohari and Dr. Inayatullah Kandero, Medical Superintendent at Qatar Hospital.

E. Coca-Cola Rotary

 

The Phase 2 of the project was launched earlier this year for providing convenient access to clean drinking water to a population of 140,000 across Punjab and Sindh’s catchment areas, with each plant recharging 3,000 gallons of water twice a day per shift. Previously, the reverse osmosis plant in Malir town of Karachi installed in 2014 has helped in the reduction of water-borne diseases by an estimated 70%. The new plant at Sindh Government Qatar Hospital in Orangi will serve 55,000 individuals with potable water in the catchment area, along with health and hygiene trainings.

Speaking about the partnership between Coca-Cola and Rotary, Rizwan Khan, General Manager, The Coca-Cola Export Corporation, Pakistan and Afghanistan said “It was of great concern to us that Pakistan remains only one of two polio-risk countries in the world. Therefore, as a socially responsible corporate citizen, we decided to make our contribution to fight the transmission risk of water borne viruses. With a deep commitment for Pakistan’s welfare, our ethos is to create shared value through sustainable development, which is reliant on the health of our nation.”

At the inauguration ceremony, a Symbolic Key was presented to the Dr. Inayatullah Kandero, responsible for operationalization of the plant. While inaugurating the plant, Rotary National Chair Aziz Memon commented, “Orangi Town is one of the most underprivileged urban slums in Karachi and the supply of safe drinking water will greatly improve health issues of the community and save children from water-borne diseases. We need more sustainable partnerships like ‘Zindagi’ project so that our future generations can be presented with a polio-free Pakistan soon. There are no polio cases reported in 2018 so far and we aim to reaffirm our mandate by 2019.”

Easier access to clean drinking water helps in improving mortality rates and living standards and it allows women to save time which was previously utilized for the collection of water from far away sources. With community-level awareness campaigns about hygiene and medical education, the medical expenses of families will also decrease due to reduction in diseases.

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Emirates provides special Ramadan service for customers observing the holy month

Wednesday, May 16th, 2018

The airline will mark Eid Al Fitr celebrations on board with sweets for customers

Karachi / Dubai: May 16, 2018 – Emirates will commence its signature Ramadan service for customers during the holy month, expected to begin on May 18th in Pakistan. Emirates’ Ramadan service consists of specially crafted iftar meals on board, relevant programming on its ice inflight entertainment system, and the distribution of dates and water on the ground for those breaking their fast.

Boxes with contents (NXPowerLite) Onboard and Dubai lounge (NXPowerLite)

Emirates provides iftar boxes with a nutritional meal for customers breaking their fast on board. The boxes have been redesigned this year by local homeware specialists Silsal Design House. The designs are inspired by the Middle East, its people, places and culture. Silsal has also created bespoke Emirates Arabic Coffee Cups available at the Emirates Official Stores.

The iftar boxes provide a nutritious meal for customers to break their fast and includes couscous salad & grilled chicken or moudardara & roasted chicken, sandwiches, spinach fatayer or tomato and onion fatayer, assorted sweets, dates, laban and water. The boxes have been designed for customers to take away if they wish. The menus will be refreshed mid-Ramadan.

These special meals will be available to passengers across all cabin classes on select Emirates flights that coincide with iftar times. This includes flights to and from the Gulf region as well as flights catering to Umrah groups travelling to Jeddah and Medina during the month of Ramadan. During the holy month, cold meals will be served in lieu of a hot one on all flights to Jeddah and Medina, including Umrah day flights.

Emirates utilises a unique tool to calculate the correct timings for imsak (the time to commence fasting) and iftar while in-flight. It calculates the exact Ramadan timings using the aircraft’s longitude, latitude and altitude; ensuring the greatest level of accuracy possible while on board. When the sun sets, passengers will be informed of the iftar time by the captain. This tool was developed to supplement the Ramadan timetable, available on every flight.

Date boxes, symbolic of Ramadan, and water will also be provided at boarding gates allowing customers to break their fast prior to boarding, or while boarding at Emirates’ hub in Dubai International Airport Terminal 3 and other selected Emirates destinations. Emirates lounges in the airport provide dedicated prayer rooms and will also be serving Arabic coffee, dates and sweets.

Emirates’ award-winning ice system features special religious programming including A’aelat Ramadan Kareem, Fa Esalo ahil il thekir and Al Baqeyat Al Salehat, as well as Ramadan entertainment such as Bou Tbei, As-hab Al Hemam and Hayat Thaneya. The special Ramadan programmes are part of the diverse content available on board with up to 3,500 channels of on demand entertainment including 238 Arabic channels featuring movies, TV, music and audio.

Eid festivities kick off on board

For the first time, Emirates is extending its special service to celebrate Eid with customers on board. Those looking to do some shopping in time for Eid can enjoy a 20% discount for onboard duty free purchases over US $95 from 11 to 15 June.

From 14 to 17 June, customers can look forward to sweet treats on select flights. In Economy Class, customers will be served Eid cookies, while in First and Business Class, customers will receive a box of chocolates. In addition, First Class customers can enjoy a special Eid edition of the Lakrids candy. Lakrids Crispy Rose flavoured liquorice will be offered on all regions during Ramadan and Eid.

As a global airline, Emirates has been delighting customers’ palates with regionally-inspired cuisine, and special seasonal menus for widely celebrated events like Chinese New Year, Christmas, Diwali, and Ramadan. Its signature Ramadan service with special iftar meals has been a mainstay for over 20 years and illustrates the airline’s commitment to providing customers a comfortable journey throughout the holy month.

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Coca-Cola partners with Edhi Foundation again for Ramazan fundraising

Tuesday, May 15th, 2018

Lahore, May 15, 2018:  Following last year’s exceptional response to Coca-Cola Pakistan’s fund-raising campaign supporting the Edhi Foundation, the Company has once again announced their partnership with Pakistan’s leading humanitarian and social welfare services organization for this Ramazan. The ‘Eidi for Edhi’ campaign aims to inspire the people and evoke values of generosity and kindnessfor an integrated fundraising drive to be implemented nationwide.

Coke- Edhi Ramzan Photo 2018 (NXPowerLite)

Rizwan U. Khan, General Manager of Coca-Cola, Pakistan & Afghanistan said, “As a caring corporate citizen, Coca-Cola realized last year that it was our moral responsibility to do whatever we can to support the Foundation at a time when it was facing a decline in its own fundraising efforts. Drawing on our core strengths, we undertook a massive communication campaign last year, with the full intention of repeating it this year, and I am pleased to announce that our campaign this year will be even bigger and more effective, drawing on all the learning of last year.”

Edhi Foundation from its inception has relied on public support, and traditionally donations, both zakat and non-zakat, have registered a huge increase during the holy month of Ramazan. Without the enlightened leadership of Abdul Sattar Edhi though, the Foundation had faced a decline in donations during their first Ramazan after Edhi Sahab’s demise. As such, Coca-Cola’s ‘Bottle of Change’ campaign became a positive instrument for donations to the Edhi Foundation last year, persuading people to donate even more than before to the Foundation and thus help keep the great work of Edhi alive. The core message of the campaign this year remains the same, with the appealing slogan, ‘Eidi for Edhi’ reawakening public consciousness and willing people to come together for a great cause.

Faisal Edhi, the son of late Abdul Sattar Edhi and the present head of the Foundation said, “Coca-Cola’s campaign had triggered an immense momentum last year, helping the Foundation raise considerable funds during Ramazan. The funds were used to extend the Foundation’s charitable work to even more under-privileged people, and based on the success of last year the Foundation was keen to partner with Coca-Cola again this Ramazan.” He also expressed appreciation for Coca-Cola’s several other interventions for other good causes, partnering with reputable non-profit organizations, like with The Citizens Foundation for education, the WWF-Pakistan for environmental conservation, the Kashf Foundation for women empowerment, Rotary International for eradicating polio, and the Indus Earth Trust for water related projects.

It is to be noted that the Eidi for Edhi campaign has no commercial angle whatsoever, and the fundraising is in no way related to product purchase. Coca-Cola will itself match all public donations received up to a cap of Rs. 25million. Also, this year the Ramazan fundraising will build further on last year’s partnership by evolving the Bottle of Change into the concept of ‘Eidi for Edhi’. This will help citizens go beyond donating in cash, and also contributingin terms of meaningful gifts that the Foundation will distribute among the less privileged in society, bringing cheer into their lives on the occasion of Eid ul Fitr.

 

About The Coca-Cola Company:

 The Coca-Cola Company (NYSE: KO) is the world’s largest beverage company, refreshing consumers with more than 500 sparkling and still brands.  Led by Coca-Cola, one of the world’s most valuable and recognizable brands, our Company’s portfolio features 20 billion-dollar brands including, Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia, Dasani, FUZE TEA and Del Valle.  Globally, we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks.  Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of more than 1.9 billion servings a day.  With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate.  Together with our bottling partners, we rank among the world’s top 10 private employers with more than 700,000 system associates.

For more information, visit Coca-Cola Journey at www.coca-colacompany.com, follow us on Twitter at twitter.com/CocaColaCo,visit our blog, Coca-Cola Unbottled, atwww.coca-colablog.com or find us on LinkedIn at www.linkedin.com/company/the-coca-cola-company.

About the Edhi Foundation

Besides operating the world’s largest ambulance service, Edhi Foundation carries out an unparalleled spectrum of social services which includes orphanages, mobile dispensaries, hospitals, a diabetic centre and homes for the homeless, the disabled and women and the elderly rejected by their families. The Foundation also provides several free of cost services like rehabilitation of drug addicts, tracing of missing people, arranging marriages for helpless girls and boys, providing food, clothing and shelter to the destitute, technical education to the needy, religious education to children, consultancy on family planning and maternity services, providing free blood and plasma to disadvantaged people, providing shelter, food, and caring to mentally retarded people, and carrying out relief and rehabilitation work at times of accidents and natural disasters both within the country and abroad.

 

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LG Acquires Global Premium Automotive Lighting Company ZKW Group

Thursday, May 17th, 2018

Karachi, May 17, 2018: Earlier today, the Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion, LG’s largest acquisition to date. Under the terms of the transaction, LG Electronics will acquire a 70 percent stake in ZKW Group with parent company LG Corp. purchasing the remaining 30 percent.

The strategic merger is expected to result in synergies that allow the combined companies to lead the global lighting sector in autonomous vehicle components. Headquartered in the Lower Austrian town of Wieselburg, ZKW Group is a high-tech leader in automotive lighting systems with a presence in markets throughout Europe in addition to China, Mexico and the United States.

With revenues of EUR 1.26 billion in 2017 and an average annual sales growth rate of more than 20 percent over the past five years, ZKW products are found in many major European premium automotive brands including Audi, BMW, Porsche and Daimler, among others. ZKW’s offerings will complement LG’s growing Vehicle Components operations which expects the premium automotive lighting segment to expand faster than traditional auto lighting.

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ZKW’s lighting business, which has focused on premium vehicle components and related accessories, will have a much greater market presence through LG’s extensive global sales network. As the industry transitions from traditional halogens to LEDs and lasers, ZKW sees itself in the enviable position of being only one of the first companies* worldwide that produces matrix LED headlamps and laser headlights. An industry innovator throughout its history, ZKW Group was an early investor in laser headlights. LG and ZKW will focus on developing intelligent lighting solutions that display high-resolution information and warnings on roads collected from sensors, including autonomous driving cameras and automotive communications.

ZKW Group will continue to be managed by the current team led by CEO Oliver Schubert, who will be responsible for all operations around the world which includes more than 9,000 employees. LG is committed to maintaining ZKW’s autonomy and workplace culture. In particular, production in Austria will remain unchanged for at least five years.

“Through this deal, LG is adding a new growth opportunity to its automotive components business, a future growth opportunity with tremendous potential,” said Jo Seong-jin, chief executive officer of LG Electronics. “In addition to strengthening ZKW’s product development capabilities, LG’s global production experience and international business network will present unlimited opportunities for both companies in the auto market of tomorrow, which includes intelligent lighting solutions.”

LG’s Vehicle Components Company, which oversees the company’s automotive components business, recorded sales growth of 26 percent to USD 3.15 billion in 2017. The global automotive lighting market is expected to grow from USD 24.5 billion last year to USD 29 billion by 2020, with headlights contributing 70 percent of the total. Through this deal, LG is reinforcing its position as a leading player in automotive components and intends to expand the range of its automotive lighting business from rear lamps to related lighting products, such as headlights.

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Emirates Skywards boosts reward opportunities with increased flexibility in managing Miles

Saturday, May 19th, 2018

Cost of buying, gifting and transferring of Skywards Miles is now more attractive
Members can now reinstate expired Miles

Karachi / Dubai, May 19, 2018 – Emirates Skywards has made it even easier to redeem reward flights and earn travel and lifestyle rewards by giving members more flexibility in managing their Skywards Miles. Members of Emirates’ award-winning loyalty programme can now buy, gift or transfer Miles to their loved ones at a more attractive rate.

Skywards buying gifting transferring

The cost of buying or gifting Miles has been adjusted to USD 30 per 1,000 Miles, while transferring Miles costs USD 15 per 1,000 Miles giving members the opportunity to earn rewards faster. Transaction limits have also been increased enabling members to buy or gift up to 100,000 Skywards Miles per year and transfer up to 50,000 Miles a year.

In addition, the programme now enables members to reinstate expired Miles. Members who have miles that have expired in the last six months can reinstate them at a nominal charge of USD 20 per 1,000 Miles.

“We constantly look at all avenues to enhance the Emirates Skywards programme and deliver greater value to our global membership base,” said Dr Nejib Ben Kheder, Senior Vice President, Emirates Skywards. “Our members know how to maximise the value that Skywards offers and can now enjoy greater flexibility when they buy, gift, transfer or reinstate their Skywards Miles. With our programme continually evolving, the coming months will see the addition of even more features enabling our members greater opportunity than ever to earn Miles and access rewards across our wide range of flights, travel and lifestyle related products.”

Emirates Skywards partnered with Points, the global leader in powering loyalty commerce, to enhance the functionality to buy, gift, transfer and reinstate Skywards Miles giving members more flexibility in managing their Miles. The transactions can all be made at emirates.com once the member is logged in.

Emirates Skywards membership is free. Besides flight rewards and upgrades, members can earn and redeem Skywards Miles through over 100 programme partners including airlines, hotels and retail & lifestyle outlets. Members also enjoy money-can’t-buy-experiences at popular events worldwide and access to 41 Emirates lounges in major cities worldwide. Other benefits include lounge access, priority check-in and boarding and special privileges for Wi-Fi and advanced seat selection on board. For more information visit www.emirates.com/Skywards

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