Recent Posts

Stanford Marine in talks to restructure $325 million in debt

DUBAI / Reuters Stanford Marine Group, majority owned by a fund managed by private equity firm Abraaj Group, is in talks with banks to restructure a $325 million Islamic loan, banking sources said. The Dubai-based oil and gas services firm has asked banks to consider extending the maturity of its debt and restructuring repayments, the sources said. A fund managed ...

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Emirates offers special summer fares

Dubai / Emirates Business Emirates is offering special early bird fares for UAE travellers to destinations within its global network. Travellers who book in advance can enjoy special fares starting Monday until April 30 this year and applies to select travel periods. Economy Class passengers can enjoy fares to the Middle East starting from AED795, to Europe starting at AED2,135, ...

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EPG bags ‘best performance project award’

DUBAI / WAM Emirates Post Group (EPG), received the Best Performance Project Award from SABA talent management solutions for successfully implementing a fully integrated web-based performance appraisal system within a short period of time. Commenting on the win, EPGs Chief Support Services Officer, Sami Mohammed Al Khaja, said, “Moving from and replacing traditional paper-based performance reviews a performance appraisal software ...

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