Wednesday 29 July 2015

UAE shifts fuel prices as the Gulf watches

The United Arab Emirates has become the first Gulf state to take a major step towards taming the gas-guzzling habits of its drivers, who see cheap fuel as part of their birthright. The UAE said it would raise domestic prices for gasoline and cut them for diesel in a politically s


Consumer choice, innovation 'key drivers of aviation sector'

Consumer choice and innovation are the fundamental drivers of competition in the international airline industry, said Etihad Airways president and CEO James Hogan at the 2015 Global Business Travel Association (GBTA) Convention in Orlando, Florida (US).   In a discussion, whi


Fuel subsidy reform is credit positive for UAE

Last Wednesday, the UAE announced gasoline and diesel price deregulation starting August 1, effectively phasing out fuel subsidies. The measures are credit positive for the UAE and Abu Dhabi, a Moody’s report said. The measures are credit positive for the UAE and Abu Dhabi


Mena lagging in adopting cyber security policies

Despite the current global focus on cyber security issues including hacking, data losses, breaches and other information leaks, organizations in the Mena region still do not have formal cyber security initiatives in place, a report said. In keeping with international trends, mana


Nikkei and the FT: a meeting of minds or culture clash?

For all the assurances by Nikkei executives that the Financial Times would retain editorial independence under their ownership, some staff at the business daily were fretting about everything from journalistic standards to holiday allowance. Most acquisitions cause workforce anxi


The Future of Retail: 10 Trends of Tomorrow

Retailing will become more personalised, collaborative and socially-influenced in the future, according to new research by Planet Retail. The report, titled ‘The Future of Retail: 10 Trends of Tomorrow’ and featuring case studies from retailers around the globe, warne


Takeovers likely to continue in insurance sector

Merger and takeover activity is likely to continue in the coming months as (re)insurers increasingly seek ways to deploy capital and create scale against a backdrop of ongoing soft market conditions and weak investment returns, a report said. Industry consolidation is expected to


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