UAE. Emirates, Dubai's flagship carrier, said the European Union's planned carbon emission scheme may cost it as much as US$1 billion over 10 years, as it joined others airlines in objecting to the tax.
From January, airlines flying to or from Europe will have to buy permits from the EU's emissions trading scheme (ETS) for 15% of the carbon emissions produced during the entire flight.
"It (the scheme) will have a very significant impact on Emirates," Andrew Parker, Emirates' senior vice president for industry and environmental affairs, said at a conference in Dubai.
"It's safe to assume som
INTERNATIONAL. The luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale, according to a source briefed on the matter.
UAE. But where do breakthrough ideas come from and what kind of environment nurtures them? Advertising agency TBWA\RAAD provided the answers on day one of the 8th Annual Human Asset Expansion Summit MENA.
UAE. "We found 41% of participants indicated that CSR is reported directly to the CEO, which demonstrates the importance of CSR as an emerging business issue."
INTERNATIONAL. Paid media stunt to attack Saudi regulators; Financial backers of the report are unknown; "We see this effort as an attempt by one or more international creditors to distort the history of this dispute."
UAE. Guy Yalif - Head of Global Product Marketing, Twitter US - will show organisations how to amplify creativity through consumer conversations, rich media and cross channel integration; The region's first conference of its kind.
INTERNATIONAL. JPMorgan Chase shareholders Tuesday voted down a shareholder proposal to split the chairman and chief executive roles, handing bank chief Jamie Dimon a big victory.
UAE. Aims to provide on-demand business and financial analysis; Saxo TV is integrated with TradingFloor.com, Saxo Bank's social financial investment community.
SAUDI ARABIA. First compressor control project in the Kingdom for GE's Measurement & Control business; Haradh facility plays key role in Saudi's oil & gas industry.
UAE. GCC countries are actively investing in using renewable energy as a source of power to produce fresh water; Solar Desalination Forum to be held from 26-28 May 2013 in Abu Dhabi.
UAE. New role will focus on driving sales for iShares across the Middle East and Africa, supporting existing client relationships in the official institutions arena as well as researching and prospecting new clients.
UAE. Arqaam provides MENA's largest optical retail chain with M&A advisory services, as well as assistance in raising acquisition financing for the transaction.
UAE. Located at the tip of The Palm, opposite Atlantis, the project will contain a diverse range of shopping, dining and entertainment facilities, including a spectacular fountain display.
iNTERNATIONAL. Control over Homs will enable al Assad to rapidly move forces from the north to the south to meet emerging rebel threats. It will also provide a key avenue of retreat to the Alawite coast in the event that he needs to flee Damascus.
INTERNATIONAL. A government that slaughters its people and maims a whole generation is not a government with whom to negotiate. It is nothing short of travesty that the Obama administration is still mired in the illusion that a political solution is possible.
UAE. MENA accounts for 6% of global smartphone shipments but less than 0.1% of mobile advertising; Regional companies are behind global trends allocating only 6%-7% of advertising on digital; Only 2%-3% of digital budget is allocated to mobile and tablet advertising.
UAE. MENA accounts for 6% of global smartphone shipments but less than 0.1% of mobile advertising; Regional companies are behind global trends allocating only 6%-7% of advertising on digital; Only 2%-3% of digital budget is allocated to mobile and tablet advertising.
UAE. Dubai and Qatar deserve to be upgraded T. Rowe Price Group said, after the emirates failed to satisfy the index provider's requirements for four years.
INTERNATIONAL. The luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale, according to a source briefed on the matter.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.
iNTERNATIONAL. Control over Homs will enable al Assad to rapidly move forces from the north to the south to meet emerging rebel threats. It will also provide a key avenue of retreat to the Alawite coast in the event that he needs to flee Damascus.
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