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LG Electronics unveils its latest lineup of 2019 audio systems

Monday, April 22, 2019

From sound bars and mini components to portable speakers, new audio systems from LG deliver superior sound at home and on-the-go

Karachi / Dubai: 22 April 2019 – LG Electronics (LG) recently unveiled its latest lineup of 2019 audio systems set to transform the way people experience sound in the Middle East and Africa region.

At InnoFest MEA, LG’s annual celebration of innovation, the company’s flagship SoundBar for 2019 was showcased. The SL10YG features a powerful output of 5.1.2ch 570W sound bar and superior technology from Meridian Audio, housed in an elegant body, with understated design. Meridian’s Bass & Space technology enables the SL10YG to create strong bass, alongside a rich, textured sound for a definitive listening experience. Meridian Image Elevation works to enhance the listener’s sense of immersion, lifting audio to create sound that not only surrounds the room, but also complements what is on screen to provide a greater sense of realism.

With up-firing and side-firing speakers, the SL10YG supports widely acclaimed Dolby Atmos® and DTS:X technologies to provide an added layer of precision and clarity. LG’s SL10YG SoundBar also supports high-resolution audio via an advanced processing algorithm that can upconvert conventional audio file formats, bringing output closer to studio quality. For ultimate convenience, the LG Soundbar also features Google Assistant – requests are simply a voice command away.

For a more streamlined form, the sleek SL9YG SoundBar can be installed flush to the wall to save space. Its unique design also saw the SoundBar honored in the ‘Best of Innovation’ category at the CES 2019 Innovation Awards. With an integrated gyroscope sensor, the SoundBar can determine its own position to adjust sound directionally and provide an optimal listening experience. Meanwhile, LG’s SL8YG has been designed with Adaptive Sound Control – analyzing frequency levels to refine sound, based on the content being watched. For added comfort, the sound bars feature high quality audio is delivered via both Bluetooth and Wi-Fi. Built-in Google Chromecast enables users to play their favorite tracks, podcasts or footage via their smartphone.

The sound bars also feature Meridian UpMixer to provide users with the ability to up-mix two-channel audio to multiple, distinct channels. Through LG’s partnership with Meridian, audio distortion is eliminated, and clarity and tonal balance maintained.

LG Revolutionizes Audio Experiences in MEA

For supercharged audio, LG’s XBOOM Mini has been designed with parties in mind. The flagship CL98 features a solid output of 3,500W, complete with deep, resonant low-frequency performance courtesy of its powerful 10-inch subwoofer. Its Compression Horn generates crisper and more detailed audio across higher frequencies, whilst LG’s Party Accelerator+ feature enables users to build their music to a pulsating crescendo, complete with flashing lights. An easy-to-use DJ App (available for Android and iOS devices) provides access to a range of effects such as Scratch Mixing and DJ Loop.

The LG XBOOM Mini CL65D offers a 950W output and has a built-in DVD player to enable users to enjoy a cinematic experience at home. To entertain the household and guests further, the CL65D also features Karaoke Star – with 18 vocal effects to give each person their own unique sound. Multi Color Lighting adds to the party-like atmosphere, with various presets and the ability to sync tracks with the lighting system. Listeners can even use LG’s Bluetooth App to connect the mini component with up to three smartphones simultaneously. Users can take turns to play tracks or collaborate and make shared playlists to carry the party on into the night.

At InnoFest MEA, LG also showcased its XBOOM OneBody speakers. The OL100 and OL55D boast Grab & Move Handles for portability and added durability. The 2,000W Output OL100 features LG’s Blast Horn technology to with a folded air duct behind the driver to improve high-frequency sound and bass reproduction. Through LG’s partnership with Meridian, the XBOOM OneBody speakers use Clear Vocal and Enhanced Bass features to provide strong audio performance in a single unit, without compromise.

Catering to people on the move, XBOOM Go Bluetooth speakers offer the superior sound quality LG is synonymous with, encapsulated in portable, easy-to-carry forms. The XBOOM Go PK7 is designed with dual tweeters which create a wide sound field, alongside fine detail. The PK7, PK5 and PK3 are all equipped with Dual Passive Radiators to ensure that exceptional bass performance is available in a range of sizes. LG’s XBOOM Go speakers are designed with outdoor use in mind.

The PK7 and PK5 are weatherproof (IPX5), whilst the PK3 (IPX7) is waterproof – enduring splashes by the poolside with ease. With Dual Play Connectivity and long lasting battery life (PK7: 24hrs, PK5: 15hrs, PK3: 11hrs), each of the XBOOM Go speakers ensures that a premium listening experience can be achieved on-the-go.

To find out more about LG’s latest range of soundbars, mini component, one body and portable Bluetooth speakers, please visit https://www.lg.com/ae.

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Bank Alfalah Islamic signs Strategic Partnership MoU with LUMS

Tuesday, April 30, 2019

Bank Alfalah Islamic Banking has recently signed MoU for Strategic Partnership with Centre for Islamic Finance (CIF) at Lahore University of Management Sciences (LUMS) to jointly setup a research initiative to promote Pakistan’s first ever asset side Musharakah based financing product.

The understanding between one of the leading Islamic Banking Institution and Pakistan’s top business school will encourage innovation through developing new products and would help the industry to align itself with the regulator’s preference towards participatory modes of Islamic financing.

E.Bank Alfalah Islamic signs MoU with LUMS

Dr. Muhammad Imran, Group Head Bank Alfalah Islamic, at the occasion of the signing ceremony said that this partnership will go a long way in realizing the Bank’s vision to launch products and initiatives based on the Islamic principles of Musharakah and Mudarabah. He said, “Innovation is the cornerstone of banking at Bank Alfalah Islamic and this initiative with LUMS would further strengthen Bank Alfalah Islamic’s position as a leader in innovative Islamic banking”.

Dr. Saad Azmat, Chair Centre for Islamic at LUMS said, “I am delighted that we have signed this MoU and look forward to working with Bank Alfalah Islamic in promoting the use of Musharakah and Mudarabah based financing by Islamic Banks. This collaboration would help us undertake research on risk sharing, which is one of the core principles of Islamic Finance. This MoU signed will help us to deepen our understanding of Islamic finance, along with developing institutions and instruments to support sustainable and inclusive growth of the Islamic Finance industry in Pakistan”.

Mr. Syed Ali Sultan, Group Head, Bank Alfalah Treasury & Capital Markets provided an insight on the overall economic situation and the importance of Islamic Financial transaction in the global economic landscape. Dr. Alnoor Bhimani, Honorary Dean, LUMS welcomed the enthusiasm of Bank Alfalah Islamic to help drive a better understanding of Islamic banking.

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Bon appétit! Expo 2020 Dubai’s 200-plus F&B outlets to serve up innovative culinary experiences and a world of flavours

Tuesday, April 30, 2019

  • An F&B destination in its own right, Expo will cater to the diverse tastes of millions
  • Discover the future of food via cutting-edge tech like robotics and virtual reality
  • Enjoy Emirati hospitality, join a culinary tour and sample newly-created dishes

Karachi / DUBAI, 29 April 2019 – A good meal can unite people of all nationalities, cultures, ages and backgrounds. And Expo 2020 Dubai is set to bring millions of visitors together to discover global cuisines, innovative culinary experiences, future-shaping food tech, old classics, new favourites, street bites and gourmet delights across more than 200 food and beverage (F&B) outlets.

Expo 2020 will be a foodie’s paradise, with options to suit every palate and budget. There will be 50-plus cuisines to try across an area equal in size to seven football pitches, with almost 300,000 meals served per day – enough to feed every person in Barbados. Visitors can also book a culinary tour for a delicious, deep-dive experience spanning cultures and continents.

World-famous chefs will further stir up the excitement, while visitors will also gain a glimpse of the culinary experiences of tomorrow, with Expo looking to incorporate robotics, augmented reality and virtual reality into its F&B offering.

Price Announcement_ENG_Mockup

 

Darren Tse, Director – F&B, Programming at Expo 2020 Dubai, said: “As a global celebration welcoming millions from around the world, it’s only fitting that Expo 2020 Dubai is a world-class dining destination featuring a wealth of flavours and innovative concepts from every corner of the planet. There will be something to suit everyone’s taste and budget, whether you are a foodie seeking a new gastronomic experience, an innovator keen to see how technology will change how you order food, or simply looking to feed your family without breaking the bank.”

Emirati hospitality will be on show, as will Dubai’s diverse and innovative F&B scene. Much-loved local restaurants and talented up-and-comers will be introduced to an international audience, while UAE-inspired cuisine and traditional dishes from the wider Arab world will be enjoyed in a food hall setting.

Visitors can also discover the creative merging of flavours and cuisines, such as Arabic tacos or Levantine fusion, epitomising the nation’s multicultural society. UAE-based small and medium-sized enterprises (SMEs) will comprise 20 per cent of F&B outlets, bringing to life Expo 2020’s commitment to support SMEs.

A variety of healthy and affordable food, and options that meet various dietary requirements, will also form part of Expo 2020’s world-class visitor experience, which is underpinned by quality, inclusivity and diversity. Crucially, Expo will ensure fair pricing structures for F&B, rather than charging premium event prices.

In line with Expo 2020’s subtheme of Sustainability, the F&B programme will showcase the latest in sustainable dining trends and practices. Every contracted F&B outlet at Expo 2020 has signed up to the ‘Food Ethos’, a set of values designed to push forward sustainability and wellness across the broader industry. These values include environmentally-conscious and organic F&B, the use of ethically- and locally-sourced products, and actions designed to minimise energy use and food and packaging waste.

Darren Tse said: “We want to inspire visitors to try new flavours at Expo 2020, whether it’s a cuisine they know nothing about or a clever twist on a popular dish. The F&B programme supports Expo’s theme of ‘Connecting Minds, Creating the Future’. Food connects people with culture, and what better way to enjoy the company of others than by sharing delicious cuisine and fresh experiences together?”

Expo 2020 is set to be an unmissable global celebration that will bring together millions of visitors to enjoy a world of discovery, innovation and entertainment. A jam-packed calendar of events that will change each of the 173 days of Expo will ensure there is something for everyone – and visitors will want to come more than once.

Expo 2020 Dubai runs from 20 October 2020 to 10 April 2021. It is expected to record 25 million visits, with 70 per cent of visitors to come from outside the UAE – the highest proportion of international visitors in the 168-year history of World Expos.

– ENDS-

About Expo 2020 Dubai

Expo 2020 Dubai is guided by the belief that innovation and progress are the result of people and ideas combining in new ways. For six months from 20 October, 2020, Expo will bring together 192 countries and millions of people to celebrate human ingenuity: ‘Connecting Minds, Creating the Future’.

  • During the six months from 20 October, 2020 to 10 April, 2021, we expect to welcome 25 million visits
  • About 70 per cent of all visitors are anticipated to come from outside the UAE – the largest proportion of international visitors in Expo history
  • We aim to create and deliver an inclusive and global Expo with more than 200 participants, including nations, multilateral organisations, businesses and educational institutions
  • Expo 2020 also has an ambitious volunteer programme, which aims to include more than 30,000 volunteers from a wide range of ages, nationalities, cultures and backgrounds
  • The Expo site covers a total of 4.38 sqkm, including a 2 sqkm gated area. It is located adjacent to Al Maktoum International Airport in Dubai South
  • Expo 2020 Dubai is the first World Expo to take place in the MEASA (Middle East, Africa and South Asia) region

Applications for media accreditation for Expo 2020 Dubai are now open and media organisations are invited to submit their expression of interest at https://www.expo2020dubai.com/media-centre/expression-of-interest by 30 June, 2019. All accredited media will have access to the Expo 2020 Media Centre and all associated services and facilities within the Expo 2020 site. Additionally, if your media organisation has television or radio studio requirements during Expo 2020, please email media.services@expo2020.ae  by 9 May, 2019.

Visit: www.expo2020dubai.com

Follow: Twitter: @expo2020dubai | Facebook: @Expo2020Dubai | Instagram: expo2020dubai

About World Expos

In 1851 the Crystal Palace was the centrepiece of London’s Great Exhibition – the first World Expo. It celebrated the man-made industrial wonders of a rapidly changing world. Architecture, contents and a theme, ‘Industry of All Nations’, were combined to create a big idea of nations meeting nations in shared technological and commercial progress. In more recent years, participants in World Expos, including governments, international organisations and companies, have gathered to find solutions to universal challenges and to promote their achievements, products, ideas, innovations, their national brand, and their nations as destinations for tourism, trade and investment.

World Expos are held under the auspices of the Bureau International des Expositions (BIE), the intergovernmental organisation responsible for overseeing and regulating international exhibitions (‘Expos’) and for fostering their core values of Education, Innovation and Cooperation. Today, four types of Expos are organised under the BIE’s auspices: World Expos, Specialised Expos, Horticultural Expos and the Triennale di Milano.

 

For media enquiries, please contact:
Courtney Trenwith                                                                                             Rania Moussly | Nora Feidi

Editor-in-Chief (English)                                                                                    ASDA’A BCW
Email: courtney.trenwith@expo2020dubai.ae                                             rania.moussly@bm.com | nora.feidi@bm.com
Tel: +971 55 955 4305                                                                                       +971 50 5670377 | +971 52 6185723
P.O. Box 2020, Dubai, UAE                                                                                Dubai Media City, Dubai, UAE

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Byco Petroleum Earns Gross Profit Of Rs 3 Billion Amid Tough Market Conditions

Tuesday, April 30, 2019

  • Byco Petroleum’s gross sales increased by 32% and net sales climbed by 35% to Rs 182.9 billion and Rs 145.2 billion respectively.
  • Byco Petroleum continues to operate in a challenging business environment which had a negative impact on the company’s profits.

Karachi, 30 April 2019: Byco Petroleum Pakistan Ltd. (BPPL), Pakistan’s leading oil company, today announced its nine months financial results for the period ending on 31 March 2019. The company’s gross sales increased by 32% from the corresponding period of the prior year to Rs 182.9 billion. Net sales increased by 35% to Rs 145.2 billion.

The oil refining sector in Pakistan experienced a challenging business environment in the first nine months of the current fiscal year marked by the economic slowdown, volatile oil prices, devaluation of the Rupee, and weak upliftment of furnace oil (FO). This had a negative impact on Byco Petroleum’s profits.

Byco Petroleum’s gross profits fell 58% to Rs 3.03 billion in the first nine months of the ongoing fiscal year. Operating profit for the period came in at Rs 2.30 billion compared to Rs 5.85 billion in 2018. The company earned a net profit of Rs 719.6 million compared to Rs 3.53 billion a year earlier. Earnings per share for the period is Rs 0.14 compared to Rs 0.66 last year. The decline in profits was driven in large part by the factors mentioned earlier.

Mr. Amir Abbassciy, CEO of Byco Petroleum Pakistan Limited, said on the occasion: “Despite many factors which have been working against us, including oil prices, currency weakness, and an evolving fuel mix for the nation, we are hopeful for better results in the near term.” Byco expresses its deepest appreciation and gratitude to the Government of Pakistan, its shareholders, customers, and strategic partners for offering cooperation in this period. The company reiterates its resolve to manage this difficult time to the best of its abilities and will continue to strive to deliver optimum results for its stakeholders.

About Byco: Byco Petroleum Pakistan Limited (BPPL) is one of Pakistan’s leading energy firms, engaged in the businesses of oil refining, petroleum marketing, and petroleum logistics. Byco’s mission is to meet its customer’s energy needs in Pakistan and beyond. Byco manufactures a wide range of petroleum products with a vision to achieve sustainable productivity and profitability while upholding high environmental, health and safety standards.

Byco is Pakistan’s largest oil refiner by design capacity, and is the nation’s only firm having a dedicated Single Point Mooring (SPM). Byco’s SPM is the first liquid port in the country, and the company employs a round-the-clock crew dedicated for the safety and security of the buoy and vessels in and around the SPM’s anchorage area. The SPM is Pakistan’s only port having a Tier 3 oil spill response membership. 

Byco refines crude oil into various marketable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil. Byco is proud to have the largest capacity crude oil storage tanks in the country. Byco’s marketing network supports retail outlets in more than 80 cities all over Pakistan and is an emerging player in Pakistan’s oil marketing sector. Byco’s diverse and highly skilled workforce consists of approximately 800 dedicated employees across the firm’s divisions.

For more information, please contact Byco at: info@byco.com.pk, or call (021) 111-222-081 x. 305. Visit Byco’s website at: www.byco.com.pk

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