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. Phase Two will add 25,000m2 in gross leasable area (GLA); Multi-stage redevelopment, worth more than AED1 billion, includes a new 24 screen VOX Cinemas and further entertainment, dining and retail experiences.
UAE. Karim Daoud, MD of Pearson's Middle East Hub says the commendable performance of Saudi Arabia, the UAE and Qatar in the 2014 Index is in part due to the commitment seen in these countries to embedding meaningful education reform.
UAE. The results of a CRS allow informed decisions to be made on how to maximize the use of equipment and devise a modernization schedule to increase equipment uptime and improve material handling productivity.
SAUDI ARABIA. The acquisition of Lake Pointe Center III and IV, in the Allison Pointe Office Park in Keystone, Indianapolis, is the latest transaction of Alkhabeer US Real Estate Income Fund (Private Placement Fund).
UAE. Dar Al-Handasah will undertake design, engineering and supervision services for the project, for which a construction tender will be released in Q1 2015. The mall is due to be completed in Q2 2017.
INTERNATIONAL. Hotel Investment Conference Africa (HICA) is a conference, which brings together regional and international hoteliers, investors, developers and senior public sector leaders to network and engage on business matters.
SAUDI ARABIA. The Saudi Arabian index is the region's most diverse capital market due to its size and maturity; Jadwa Investment views the opening up of the Tadawul as an overall positive but believes a cautious and considered path to reform is the best way forward, much like the Chinese example.
INTERNATIONAL. "With business operations in both the UK and the GCC, BLME has made significant progress in the first half of the year"; The Group increased its Operating Profit before Impairment charges by 177%.
UAE. Dubai World, the state-owned company at the center of the emirate's 2009 financial crisis, reached a deal with its main creditors to extend the repayment of US$10.3 billion of debt, according to people with knowledge of the matter.