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
UAE. Experts address information security issues at Gulf Information Security Expo and Conference; Kevin Mitnick, hacker turned international cyber security guru, to deliver keynote address on the threat hackers pose to corporate security.
UAE. "We assess the proposed hybrid capital securities as having intermediate equity content, under our criteria," said Standard & Poor's Ratings Services.
UAE. Mashreq plans to tap the rising demand for banking services by mobile phone users with the launch of an enhanced version of its Mobile Banking Service called "Snapp".
UAE. Ketchum Raad will be supporting Mawaheb, a nonprofit organization dedicated to helping adults with special needs reach their highest potential through art and aid in the development of necessary life skills.
IRAQ. Oil production from the field has averaged over 100,000 barrels a day during the previous 72 hours as the Company conducts well and pipeline deliverability tests following its 2012 drilling program and facilities upgrades.
UAE. The world's four largest international tobacco companies today announce ground-breaking collaboration in the fight against the illegal trafficking of excisable consumer goods.
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.
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
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.
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."
UAE. Experts address information security issues at Gulf Information Security Expo and Conference; Kevin Mitnick, hacker turned international cyber security guru, to deliver keynote address on the threat hackers pose to corporate security.
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.
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."
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