20th May, 2013, 08:12
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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 18, 2013
SAUDI ARABIA. First Boeing 777-300ER delivered to Saudia with three-class cabin configuration; Airline has backlog of 21 Boeing airplanes.
Posted: May 17, 2013
BAHRAIN. 85% support the motion that the benefits of social media are worth the consequences, compared to the initial vote of 65% before the arguments began.
Posted: May 17, 2013
UAE. CEO and Co-founder of biz-group received a "Gazelles Core Values" Award last week in honour of her outstanding work as a Gazelles strategy coach in the Middle East.
Posted: May 17, 2013
EGYPT. Hisham El-Khazindar, Co-Founder and Managing Director of Citadel Capital, took part in a panel on emerging market opportunities and trends at the IFC-EMPEA annual gathering in Washington D.C.
Posted: May 17, 2013
UAE. Peter Roche will lead the overall strategic direction and business contribution of the human resources department at Arabtec Construction LLC.
Posted: May 16, 2013
UAE. Trade Navigator on TradingFloor.com is a new trading tool that provides daily technical insight into around 200 instruments.
Posted: May 16, 2013
QATAR. More access to destinations across Thailand And alternative flights to Myanmar and Cambodia through new agreement.
Posted: May 16, 2013
OMAN. The Public Authority for Investment Promotion and Export Development (PAIPED) spearheaded the Sultanate of Oman's recent trade delegation to the 8th World Chambers Congress in Doha.
Posted: May 16, 2013
UAE. "The future is with the youth, and they need to work hard to gain success. Life is a struggle and the more you put into it the more you will gain."
Posted: May 16, 2013
UAE. Long term issuer ratings maintained at Baa1; Ratings outlook upgraded to stable; Capital adequacy, easing asset quality pressure and profitability outlook cited as reasons for decision.
Posted: May 16, 2013
SAUDI ARABIA. Telecom operator denies claims by a software engineer that the company had asked him to build surveillance tools to intercept customers' messages on Twitter and other services.
Posted: May 16, 2013
UAE. MoU will explore finance opportunities of up to US$2 billion in U.S. renewable-energy products and services that Masdar will implement across global markets.
Posted: May 16, 2013
BAHRAIN. M&S continues to expand in Middle East with its 21st store in the MENA region opening at Bahrain City Centre shopping mall.
Posted: May 16, 2013
Forbes Middle East rankings are based on the quality of standards set globally by Forbes Media, U.S.
Posted: May 16, 2013
TUNISIA. The programme aims to improve the entrepreneurship skills of young Tunisians in the southern governorates of Gafsa, Kasserine, Medenine, and Tataouine, to enable them to create and grow their own small businesses.
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: May 18, 2013
UAE. "The general trading atmosphere is sufficiently negative for gold to enable sellers to have a firm grip on the market. However, I fail to see how the rally in the stock markets can be put into any sensible relation to the economic plight of the underlying countries."
date:Posted: May 17, 2013
EGYPT. The Egyptian government has taken tentative steps towards reducing the roughly US$20 billion subsidy system that supporters say provides vital aid to the one-in-four Egyptians in poverty, and critics say is unsustainable and enriches the corrupt.
date:Posted: May 17, 2013
UAE. Red Hat's Mark Little and Tom Llewellyn explain how Large-scale Elastic Architecture for Data-as-a-Service (LEADS) will enable enterprises to leverage all of the public data on the web against privately held data.
INTERNATIONAL. Bahrain has maintained its position as a key insurance hub and continues to post growth in its insurance market despite a prolonged period of political turbulence.
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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