NAB summons UAE firm’s MD in Khawaja Asif case Dawn 16/01/2021 none@none.com (Zulqernain Tahir)
LAHORE: The National Accountability Bureau (NAB) has summoned the managing director of a United Arab Emirates-based company in which parliamentary leader of the Pakistan Muslim League-Nawaz (PML-N) Khawaja Muhammad Asif worked for 14 years as a legal adviser, seeking the foreigner’s statement for his (Asif’s) prosecution in the court in the income beyond means case.
The anti-graft body arrested the former foreign minister in this case last month and he is currently under its custody at the Thokar Niazbaig office here on physical remand.
Ferentino Tyre opens Sri Lanka plant; eyes exports to U.S., Europe
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HORANA, Sri Lanka Ferentino Tyre Corp. Pvt. Ltd., an enterprise backed by United Arab Emirates-based investment company Onyx Group, has commissioned production at a $250 million factory at a site southwest of Colombo.
The project dates to January 2017, when the company previously known as Rigid Tyre Corp. (Pvt.) Ltd. disclosed plans to build the plant in an industrial park in Horana, using equipment acquired from Italy s Marangoni Group.
The company did not explain the reasons for the name change, but it promotes its Italian heritage on its website.
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Sri Lanka President Gotabaya Rajapaksa (center) inspecting tires during a tour of the Ferrentino Tyre plant in Horana.
HORANA, Sri Lanka Ferentino Tyre Corp. Pvt. Ltd., an enterprise backed by United Arab Emirates-based investment company Onyx Group, has commissioned production at a $250 million factory at a site southwest of Colombo.
The project dates to January 2017, when the company previously known as
Rigid Tyre Corp. (Pvt.) Ltd. announced plans to build the plant in an industrial park in Horana, using equipment acquired from Italy s Marangoni Group.
The company did not explain the reasons for the name change, but it promotes its Italian heritage on its website.
13 January 2021 15:28 GMT Updated 13 January 2021 15:28 GMT in London
Mubadala Petroleum is bringing an element of cheer to sick children in Thailand with presents of teddy bears.
The United Arab Emirates-based operator recently handed the toy bears and money to the Cardiac Children Foundation of Thailand, a charitable organisation in the country, where it has upstream interests.
Mubadala Thailand officials last week presented the monetary support and handmade teddy bears and bags that were made and decorated by local staff to support the paediatric heart surgery charity.
They teddy bears and bags were then sent as gifts to underprivileged children who are currently recovering in hospital in the hope that the gesture will encourage them in their fight against their condition.
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