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
LEBANON. The reported drop in net profit (14.9%) in Q1 resulted mainly from the deconsolidation of investments of the Bank's subsidiaries in both Syria and Sudan, as well as from a lower risk appetite in some overseas markets.
KUWAIT. Factors such as big data and artificial intelligence will impact current models for investment research and asset management, although the GCC has been relatively slower in its adoption of Fintech innovations.
SAUDI ARABIA. Increase in foreign direct investment seen as part of efforts to diversify the economy and boost investment inflows into the kingdom; National Transformation Programme updates to be revealed at Saudi Forum 2017.