Pakistani community hails inauguration of Pakistan’s new private airline AirSial
Dec 23, 2020
Members of the Pakistani community in Qatar have warmly welcomed the inauguration of Pakistan’s third private airline, AirSial.
Dubbed as the ‘Pride of Pakistan’, AirSial is the brainchild of members of Sialkot Chamber of Commerce and Industry. Earlier, Sialkot’s business community provided funds for the Sialkot International Airport that was completed in 2007 at a cost of around Rs4 billion.
Sialkot is Pakistan’s 13th largest city by population and is located in north-east of Punjab. With the nearby cities of Gujranwala and Gujrat, Sialkot forms part of the so-called ‘Golden Triangle’ of industrial cities with export-oriented economies.
Japanese firm acquires 23.7 per cent stake at Transimex 14:09 | 20/12/2020
Transimex Corporation s warehouse in Binh Duong Province.- Photo transimex.com.vn
The deal was executed on December 14, the Japanese logistics company said in a filing to the Ho Chi Minh Stock Exchange (HoSE).
After the deal, Ryobi International Logistics Viet Nam owns 23.7 per cent of the capital at Transimex Corporation.
Ryobi International Logistics Viet Nam has replaced Casco Investments Limited in the shareholder structure of Transimex Corporation.
On December 14, Casco Investments Limited offered the entirety of more than 17.2 million shares for sale, equal to 24 per cent of capital.
The shares were completely sold on the day and Casco Investments Limited was no longer the major shareholder at Transimex Corporation.
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A basic tenet of bankruptcy law, premised on the legal separateness of a debtor prior to filing for bankruptcy and the estate created upon a bankruptcy filing, is that prepetition debts are generally treated differently than debts incurred by the estate, which are generally treated as priority administrative expenses. However, this seemingly straightforward principle is sometimes difficult to apply in cases where a debt technically arose or was incurred prepetition, but does not become payable until sometime during the bankruptcy case.
A ruling recently handed down by the U.S. District Court for the District of Delaware highlights this issue. In
14 Dec 2020 - 8:23
Minister of State and Chairman of QFZA, H E Ahmad bin Mohammed Al Sayed and other officials during the event.
The Peninsula
Doha: Gaussin Company announced yesterday the testing of the first electric vehicles in Qatar at Ras Bufontas Free Zone. Gaussin, a leader in clean and intelligent cargo and people mobility, rolled out the first batch of Electric Terminal Tractors – the APM 75T – for QTerminals, a terminal operating company that manages and operates the first phase of Hamad Seaport.
The testing of the e-vehicles took place in front of Gaussin’s factory at Ras Bufontas Free Zone, and it was attended by Minister of State and Chairman of QFZA, H E Ahmad bin Mohammed Al Sayed; Ambassador of France in Qatar, Franck Gellet; CEO Qatar Ports Management Co. (Mwani Qatar) Capt. Abdulla Mohamed Al khanji, Chairman of Al Attiya Motors and Trading Co. Abdul Aziz Al Attiya; Chief Executive Officer of Gaussin Company, Christophe Gaussin and CEO of QTermina
14 Dec 2020 - 8:27
The Peninsula
Doha: With the launch of their year-end promotion, Al-Attiya Motors and Trading Co. (AMTC), the official distributors of KIA Motors in Qatar, has sought to provide prospective buyers with award-winning cars at competitive rates and incredible benefits. Ranging from the in-demand Sportage and Telluride SUV’s along with the stylish yet affordable Rio and Cerato sedans, customers are spoilt for choice.
Aside from having competitive pricing, customers buying through cash or bank financing can now enjoy their brand-new KIA with a wide array of incentives such as free comprehensive insurance (1st year), regular services for 2 years or 30,000 km (whichever comes first), registration (1st year) and window tinting. Conversely, customers availing of In-House Financing will be able to benefit from having up to two years interest-free instalments. All of these come with the manufacturer warranty of 5 years / 100,000 km (whichever comes first).