Bloomberg Pakistan’s drive to tackle its polluted skies has left it with a problem: It has more dirty fuel oil than it wants. Their solution? Swap it with shipments of cleaner liquefied natural gas. The top oil marketing firm in South Asia’s second-largest economy, Pakistan State Oil Co., is exploring whether it can take delivery of LNG cargoes in return ...
Read More »
Bloomberg A Greek shipowner is predicting new rules for marine fuel will put thousands of the world’s merchant vessels out of business in the next two years, roiling global trade. In fact, he’s wagering $1.1 billion on it. Evangelos Marinakis, chairman of Capital Maritime & Trading Corp., based near Athens, says his company has invested that much in the last ...
Read More »
DUBAI / Emirates business Mega malls are boosting the GCC’s retail market to nearly $300 billion by 2018, driving investment in aluminum ceilings to enhance the customer experience, mall safety and sustainability, industry experts said on Wednesday. Thanks to new mega-malls from Mall of the World in Dubai, to Al Maryah Central in Abu Dhabi and Mall of Saudi in ...
Read More »
DUBAI / WAM Middle East passenger numbers are forecast to grow 7% in 2018 according to the International Air Transport Association. Aviation will feature heavily in the programme at Arabian Travel Market (ATM) 2018, which is being held between April 22-25 at the Dubai World Trade Centre. Alan Peaford, current president of the UK’s Institute of Internal Communications, said, “Aviation ...
Read More »DUBAI / WAM Etisalat, on Wednesday, announced the opening of its ultramodern ‘Open Innovation Centre’ in Dubai taking the lead in creating a hub to showcase the most innovative solutions and help drive digital transformation by enabling the use of latest technologies. The Open Innovation Centre is the first of its kind in the region showcasing digital innovation, its capabilities ...
Read More »
DUBAI / Emirates Business Emirates on Wednesday announced that it is to launch a new daily route from Dubai (DXB) to London Stansted (STN) on June 8, 2018. With its strategic position close to the tech and pharma hubs of Cambridge and Peterborough, Emirates will be the first Middle Eastern airline to operate out of the popular North East London ...
Read More »
SHARJAH / WAM Air Arabia announced on Wednesday said that it will launch a new seasonal route to Bodrum in Turkey, commencing from June 13, 2018. The flight will operate from Sharjah International Airport three times a week on Mondays, Wednesdays and Fridays. Adel Al Ali, Group Chief Executive Officer of Air Arabia, said, “Turkey has always been a favourable ...
Read More »
DUBAI / WAM Emirates NBD on Wednesday announced that it has been named The Banker’s ‘Bank of the Year – UAE 2017’ for the third year in a row. In a news report announcing the 2017 winners, The Banker stated that the bank “impressed the judges with its strong digital focus, as well as the way it has continued to ...
Read More »
Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received a delegation from the Swiss company (ABB), and discussed mutual cooperation in the field of production and generation of energy via solar energy technologies, energy production solutions, and related technologies to serve future projects. The delegation was headed by Dr. Chunyuan Gu, ...
Read More »
Dubai / Emirates Business Dubai Land Department (DLD) launched ‘Cube’, a new customer service centre on the third-floor of its headquarters, to provide real estate investors with exceptional services. ‘Cube’ has been established in collaboration with a number of key partners including the General Directorate of Residency and Foreigners Affairs in Dubai, the Dubai Police General Command, the Dubai Health ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.