Latest news with #BusinessPlan
Business Recorder
20-05-2025
- Business
- Business Recorder
US consulate economic unit chief visits TDAP
KARACHI: The USA Consulate Karachi, Economic Unit Chief, Kevin Furey and Tyrell Walker, Economic Officer, along with their team, called on Faiz Ahmad Chadhar, the Chief Executive, Trade Development Authority of Pakistan to discuss multiple areas of trade and economic cooperation between the two countries. Chadhar informed the visiting USA diplomats that the USA is a major trading partner of Pakistan. However, the volume of trade between two countries is significantly low which needs to be increased with bilateral cooperation and trade facilitation. The Economic Unit Chief of USA, Kevin endorsed this point and ensured support and cooperation to enhance volume of bilateral trade between the two nations. The discussion focused on enhancing bilateral trade and investment, with key areas of collaboration suggested by TDAP including: Textile, leather and surgical products, IT & E-Commerce Services, Tourism, Logistics, and Construction, Workforce Development to strengthen capacity for the U.S. market, Agricultural Exports with complete value chain of value added and finished products, Facilitating trade delegations participating in Trade shows / Fairs of both countries. The Chief Executive appreciated that historically, USA has played pivotal role in industrial development of Pakistan and providing opportunities for Pakistani businessmen in the USA and the western markets. The USA team was briefed about TDAP's ongoing trade promotion initiatives, inviting the USA businesses to participate in key flagship events organized by TDAP under the umbrella of its annual Business Plan. Both sides reaffirmed their commitment to strengthening trade ties and fostering future collaboration in economic development through enhancing productivity and competitiveness of Pakistani Industrial and agricultural sectors. Copyright Business Recorder, 2025
Yahoo
13-05-2025
- Business
- Yahoo
Petrobras Announces Substantial Dividend Payment After Strong Quarter
Brazil's state oil firm Petrobras will pay $2.1 billion in dividends for the first quarter after posting a jump in net income due to one-off items. Petrobras reported a net income of $6.2 billion (35.2 billion Brazilian reals) for the first quarter, up by 48.6% from a year earlier, due to one-off items and more favorable exchange rates. Without the one-off items, net income dropped by 12.1% year-over-year. Petrobras' board of directors approved the payment of interim dividends of $2.1 billion (11.72 billion reals), saying that the proposed payment is in line with the current Shareholder Compensation Policy. Under the policy, if gross debt is equal to or less than the maximum debt level in the Strategic Plan (currently set at $75 billion), Petrobras must distribute 45% of free cash flow to its shareholders. 'This distribution is consistent with the financial sustainability of the company,' the Brazilian oil giant said. Higher investments than initial guidance raised concerns among investors that Petrobras could limit shareholder distributions. Petrobras generated higher cash flows, mainly due to a 5% increase in production volume compared to the previous quarter, chief financial officer Fernando Melgarejo said in a statement. This production growth was reflected in adjusted EBITDA, which rose 46% compared to the fourth quarter of 2024, Melgarejo added. Despite the significant slide in oil prices at the start of the second quarter, Petrobras remains committed to executing its current Business Plan, the executive said. Investments were $4 billion in the first quarter of the year, representing 22% of the annual guidance. 'These investments are focused on pre-salt projects, with emphasis on the Búzios and Atapu fields. We are drilling and connecting more wells and advancing in the construction of new units that will support the growth of our production curve,' Melgarejo said. 'These are projects that generate value for our shareholders and will translate into revenue in the upcoming years.' Last week, Petrobras announced a new oil discovery in the pre-salt Santos Basin, identifying 'high-quality oil without contaminants' at an exploratory well in the Aram block. By Tsvetana Paraskova for More Top Reads From this article on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Al Etihad
23-04-2025
- Business
- Al Etihad
ADGM publishes 2025-2026 Business Plan
23 Apr 2025 16:57 ABU DHABI (WAM)The Financial Services Regulatory Authority (FSRA) of ADGM has published its Business Plan for 2025-2026, outlining the strategic priorities that will emphasise its role as a progressive regulator and one that is already recognised globally. The Plan underscores the FSRA's commitment to supporting the economic ambitions of Abu Dhabi and the UAE more Business Plan lays out an agenda for the next two years and focuses on key regulatory priorities such as maintaining international regulatory alignment, combatting financial crime, enhancing operational resilience, fostering responsible financial innovation, and advancing sustainable finance. The ongoing initiatives outlined in the plan will build on the hallmarks of the FSRA's existing regulatory framework, namely risk-sensitivity, proportionality, innovation, and stakeholder FSRA will continue strengthening its alignment with international regulatory standards by working closely with leading global standard-setting bodies. Preventing financial crime will remain a key priority, with strengthened supervisory, enforcement, and technological capabilities to combat money laundering, terrorist financing, proliferation financing, the financing of unlawful organisations, and sanctions breaches. The FSRA will also reinforce its focus on operational resilience through enhanced regulatory measures targeting cyber threats, supply chain disruptions, fraud, and geopolitical Business Plan further highlights the FSRA's continued efforts in championing responsible innovation through the development of progressive regulatory frameworks and the expansion of its SupTech and RegTech capabilities. In parallel, it is driving the region's sustainable finance agenda by supporting the issuance of green, climate transition, and sustainability-linked products while updating regulations to incorporate climate-related risk management in line with the UAE's net-zero ambitions and global sustainability the FSRA's 2025-2026 strategy reaffirms its commitment to continued collaboration with regulated entities, national and international bodies, and industry stakeholders as well as its drive to maintain ADGM's position as a world-class financial centre. Commenting on the Business Plan, Emmanuel Givanakis, CEO of ADGM's FSRA, said, 'As a progressive and internationally recognised regulator, the FSRA remains committed to strengthening our international standing, upholding market integrity, and fostering sustainable growth. Over the next two years, we will continue to enhance our regulatory framework in line with evolving global best practices, combat financial crime through innovative regulatory and enforcement measures, and advance responsible technological innovation to ensure that ADGM has a secure, well-regulated, and forward-looking financial ecosystem.
Business Journals
22-04-2025
- Business
- Business Journals
Inclusive Business Recovery Opportunity Center proposed in Dayton to support local entrepreneurs
THE REMAINDER OF THIS ARTICLE IS FOR PREMIUM MEMBERS Two prominent Miami Valley organizations may soon enter a joint partnership in support of aspiring entrepreneurs and small businesses throughout the region. Two prominent Miami Valley organizations may soon enter a joint partnership in support of aspiring entrepreneurs and small businesses throughout the region. The city of Dayton seeks to enter into an agreement with the Entrepreneurs Center (EC) for the establishment, management and operation of an Inclusive Business Recovery Opportunity Center (IBROC) in Dayton. Over the past year, Next Street — an advisory firm which designs and develops solutions to connect entrepreneurs and small business owners with resources — has collaborated with the city of Dayton to develop a comprehensive business and financial plan for the IBROC. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events This initiative aims to revitalize Dayton companies and provide support and resources to untapped entrepreneurs. The city first engaged Next Street in 2023 to conduct a deep assessment of Dayton's small business landscape — an effort that included over 30 interviews and focus groups with local business owners, stakeholders and community leaders. Last May, Next Street completed the IBROC Business Plan, offering detailed findings, data analysis and actionable recommendations. Key conclusions emphasized the need for ecosystem infrastructure programming, tailored business support and increased coordination across resources. The proposed Entrepreneurs Center's agreement with the city includes a sub-award agreement with the Miami Valley Urban League (MVUL), who will partner with the EC to provide services and achieve the program's mission. The MVUL and Entrepreneurs Center will open the new center and serve as a convener and capacity builder in the small business ecosystem and ensure the strategic business plan adopted by the IBROC planning committee is implemented. The new center will work on raising awareness of existing local assets, creating access to tools for growth and ensuring long-term sustainability and shared success in the Dayton small business ecosystem. The EC and MVUL partnership was selected through an RFP process led by Next Street. The agreement — which totals $2.4 million — will commence upon execution and terminate on Dec. 31, 2028. According to an RFP released by Next Street, the IBROC launch is anticipated for late spring this year. The city of Dayton will convene on Wednesday, April 23 to discuss the agreement. Headquartered at the Arcade Innovation Hub in downtown Dayton, the Entrepreneurs' Center is an economic development organization whose mission is to power progress and prosperity through entrepreneurship. Annually, the organization works with over 1,000 entrepreneurs to start and grow companies, create jobs, generate revenue and attract investment. Established in 1947, the Miami Valley Urban League helps individuals, families, and businesses achieve generational wealth through career development programs and entrepreneurship growth. Dayton-Area Economic Development Groups Operating budget Rank Prior Rank Organization 1 1 The Entrepreneurs' Center, Inc. 2 2 Dayton Development Coalition 3 3 CityWide Development Corporation View this list
BBC News
07-02-2025
- Automotive
- BBC News
Dualling of A350 in Chippenham approved by government
Plans to dual a single-carriageway of a Wiltshire bypass have been approved by of the A350 Chippenham bypass, which connects the south coast with the M4, Bristol and the Midlands, will cost around £32.3m, with £26.6m coming from funding by central government. The Department for Transport said, once completed, the changes will shave up to 25% off journey times, reducing air pollution and improving Nick Holder, cabinet member for highways at Wiltshire Council, said they would now be able to "get on with delivering the project". 'Boost economy' Mr Holder said: "It is important to not just Wiltshire, but also the wider region to move ahead with this project to meet our Business Plan commitment to have well-connected communities.""The final phases of dualling the A350 in this area will enhance journey times, increase vehicle capacity and help alleviate congestion, while also improving the Bumpers Farm roundabout to increase traffic flows on their roundabout, particularly in the evenings," he Future of Roads Minister, Lilian Greenwood, said the scheme will boost the economy and improve journeys for locals."Drivers on the Chippenham Bypass have experienced unpredictable journey times for too long, which is not good enough for a primary north-south route," she Smith, Managing Director, Business West, said the road improvement will help connectivity and create better access to jobs and aid the transport of work is expected to start in the spring, with the hope of completing the project in 2026.
