VEON Group, the parent company of Mobilink Bank, has injected US$15 million of fresh capital to support the bank’s strategic initiatives, including expanding financing for micro, small and medium enterprises (MSMEs), exploring Islamic banking, and accelerating its transformation into a global bank. The first digital bank. Mobilink Bank announced in a statement that the investment … Read more
Elon Musk’s company, xAI, raised $6 billion in its latest funding round, bringing the total amount raised to $12 billion. The financing, which was disclosed in a US Securities and Exchange Commission filing, included 97 investors, including Andreessen Horowitz, BlackRock, Fidelity, Nvidia, AMD and Sequoia Capital, although individual contributions were not detailed. Reports indicate that … Read more
KARACHI: Emirates, the world’s largest international airline, has officially launched its new Travel Store in Karachi, marking the first experiential retail concept to be introduced in West Asia.Located in Karachi’s prestigious Sky Tower, on Abdul Sattar Edhi Street in Clifton, the 183 square meter store offers immersive, technology-driven experiences and best-in-class support from dedicated teams … Read more
Mythri Movie Maker’s “Pushpa 2: The Rule,” headlined by Allu Arjun, grossed $1.4 million at the global Imax box office in 16 markets. In India, the film grossed $650,000 from 31 IMAX screens, marking the biggest local-language IMAX opening of 2024 and the fourth-highest IMAX opening ever in the market. This strong performance comes as … Read more
KARACHI: PTCL Group, Pakistan’s largest ICT services provider, was honored with the ‘Best Business Strategy and Expansion’ award at the Leadership and Excellence in Digital Development (LEAD) Awards by Samina Telecom Council, a press release said. The prestigious award was presented to Hatem Bamatraf, President and CEO of PTCL and Ufone 4G Group, in recognition … Read more