Governments around the Middle East are being asked to pass regulations that will encourage logistics firms to integrate sustainable practices into their operations. This was one of the subjects discussed at the UN Climate Change Conference. Held in Abu Dhabi last month, the 2nd Annual Global Logistics Forum reached a “unanimous agreement” on how crucial… Continue Reading
Category Archives: Business
Adnoc Distribution Setting Up Natural Gas Grids in Abu Dhabi
An executive for the state-run Abu Dhabi National Oil Company for Distribution (ADNOC) announced that his company is creating a natural gas grid in several residential areas in the emirate of Abu Dhabi. The company, which is popularly known as Adnoc Distribution, is concentrating its efforts at the moment on servicing the residential sector, but… Continue Reading
Egyptian Marble Industry Growing To Number One in World Exports
Analysts believe that under the correct conditions investments in the construction industry in Egypt will continue to grow, and the most impressive growth will be in the granite and marble sector of that market. Experts believe that revenues for the marble and granite industry in Egypt can reach as much as 2 billion dollars in… Continue Reading
Emirates Airline Orders Fifty Boeing Jets in $18 Billion Deal
With options to buy an additional 20 777-300ERs, Emirates Airline has placed an order for 50 of the Boeing jets in a deal valued at an estimated $18 billion. The deal marked the opening of the Dubai Air Show Sunday, making an impression as the deal is described as the single largest order in the… Continue Reading
Giordano Middle East Expanding in Abu Dhabi
The Mushrif Shopping Mall in Abu Dhabi is soon to be home to the 200th shop of Giordano Middle East. The goal for Giordano, one of the world’s leading clothing retailers, is to operate 250 stores in the region by the year 2015. Giordano has had a presence in the Middle East for 18 years… Continue Reading
Cadillac Brand Manager Adrian Enciso Optimistic at Motor Show
The month of November brings the International Motor Show to Dubai, where the world’s most prestigious and coveted cars will show off their best features. Sport Package Offered Among the many manufacturers and brands in attendance will be Cadillac, which will display its award-winning line-up for the 2012 car-buying season. Included in the Cadillac list… Continue Reading
Accenture Acquires Major Saudi IT Firm
Two major Middle East players have joined forces with the aim to strengthen their IT effectiveness in the fast-growing region in which they inhabit. Accenture, which specializes in management consulting, technology and outsourcing, acquired a majority of one of Saudi Arabia’s leading information technology companies, Al Faisaliah Business & Technology Company (FBTC.) FBTC is a… Continue Reading
HSBC Planning Job Cuts in Six Middle Eastern Countries
Beginning of Major Lay-Off Plan The bank which calls itself “The World’s Local Bank,” HSBC, has decided to lay-off at least 200 employees in six countries in the Middle East. The job cut of 200 in the region is just the beginning of a major reduction in worldwide employees reaching as many as 30,000 cuts… Continue Reading
UAE and South Korea Strengthening Economic Ties
Abdullah Khalfan Al Rumaithi, the United Arab Emirates Ambassador to South Korea said in an interview that the UAE is eager to enlarge and strengthen its partnership with South Korea, especially in the areas of renewable energy, oil, training, education, construction, shipbuilding, semiconductors, information technology and telecommunications. Two Leaders Meet Progress in the economic and… Continue Reading
Oil Prices Predicted to Rise as Saudis Indicate They Will Not Increase Supply
No Extra Oil to Asia Data supplied by Bloomberg points to rising prices of crude oil from the Middle East to Asia as Saudi Arabia sends hints that it will refrain from selling extra supplies to refineries there. Two grades of crude, Murban and Qatar Marine posted rises in their prices for September loading of… Continue Reading