22nd May, 2013, 22:00
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Posted: 08-08-2011
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
Posted: May 22, 2013
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.
Posted: May 22, 2013
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.
Posted: May 22, 2013
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."
Posted: May 22, 2013
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."
Posted: May 22, 2013
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.
Posted: May 21, 2013
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.
Posted: May 21, 2013
UAE. Aims to provide on-demand business and financial analysis; Saxo TV is integrated with TradingFloor.com, Saxo Bank's social financial investment community.
Posted: May 21, 2013
UAE. Renewed focus on its core business of developing and operating business parks; Aims to capitalise on region's growth opportunities.
Posted: May 21, 2013
UAE. In a survey of 150 Dubai-based customers, 85% said they found the public review tool useful to navigate their way in their real estate search.
Posted: May 21, 2013
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.
Posted: May 21, 2013
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.
Posted: May 21, 2013
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.
Posted: May 21, 2013
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.
Posted: May 20, 2013
UAE. Syndicated deal to finance purchase of 10 new Airbus A320 aircraft, which is part of a larger order for 44 A320s placed with Airbus in 2007.
Posted: May 20, 2013
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.
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: May 22, 2013
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.
date:Posted: May 22, 2013
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.
date:Posted: May 22, 2013
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.
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.
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