Bahrain: Fitch Ratings has given Batelco its first public credit ratings with an issuer default rating of “BBB-” and a ‘Stable’ outlook, paving the way for the former monopoly to issue investment-grade bonds, Reuters has reported. Standard & Poor’s assigned Batelco “BBB-” long-term and an “A-3″ short-term foreign and local currency ratings and a ‘Negative’ outlook. “The only reason to issue bonds would be for an acquisition,” said Nishit Lakhotia, telecoms analyst at Securities and Investment Co in Bahrain. “That doesn’t mean Batelco will soon be coming out with a bond issue – telecoms acquisitions in this region take a long time and there’s no guarantee they will succeed,” he said. [AMEInfo.com]
Major Saeed Obaid Bin Aran, director of the traffic department at Umm Al Quwain, said it was decided to reduce the traffic fines 50 per cent on the occasion of the UAE National Day
Document can be applied for at UAE Labour Ministry
People of all ages take part in Abu Dhabi event
Bond enthrals readers with his wit
Veterans talk about growing international acclaim for those writing in English
Specialist recommends focus on short-term goals for healthy lifestyle
Participation in annual initiative almost doubles
Former investment banker and ‘Walk for Iraq’ founder organises UAE cycling fund-raiser
A photographer could have the best camera and take a perfect shot, but it is the human element that makes an image stand out
Burj Khalifa, the tallest building in the world at a height of 838 metres was inaugurated in 2010
Programme attended by dignitaries and students from across Dubai
Economy has stalled as debt burden mounts
Al Jazeera may launch an initial public offering (IPO) next year as the Qatar government looks to offload stakes in state-owned entities, Reuters has reported, citing a senior executive at the country’s stock exchange. “They (Al Jazeera) have a strong desire to go for an IPO and list the company at Qatar Exchange. But due to some regulatory requirements with the Ministry of Business and Trade and the Qatar Central Bank it may be next year,” the source said.
Slide of 0.1% a dampener on central bank forecast of economy emerging from long deflation
Early start a boon for retailers as they unleash blizzard of deals on biggest shopping day of year
Record move as index for 16 institutions falls
Buyers held off upgrading until fourth quarter, analyst says
As the UAE prepares to celebrate the major milestone of 40 years of unification on December 2, 2011, the Community Development Authority (CDA) is celebrating the occasion with a series of activities underlining ’The Spirit of the Union.’ [Wired by: DubaiCityGuide.com - A Cyber Gear Company]
“Key projects undertaken by French companies include the Dubai Metro and Al Safouh Tram; where Tales Co. has carried out the signal control system as well as the system of communication between the Control Room and Trains and between trains themselves. [Wired by: DubaiCityGuide.com - A Cyber Gear Company]
The event will be held from 28-30 November at the Dusit Thani Dubai and gather stakeholders from leading research sites, clinical research organisations, government authorities and regulators, as well as pharmaceutical companies. [Wired by: DubaiCityGuide.com - A Cyber Gear Company]
South Korea is considering imposing a ban on petrochemical product from Iran, following a request by the US to bolster sanctions against the country, Reuters has reported, citing sources at South Korea’s economy ministry. “We are cautiously considering an import ban on Iranian petrochemical products, and currently evaluating a possible impact of the ban,” one of the two ministry sources told the news service. Petrochemical products that are under consideration include butadiene, paraxylene and other intermediates produced by processing naphtha, another source said.
ROLE PURPOSE:
1- Establish airport and heliports safety standards in order to maintain aircraft and passenger safety in line with GACA standards.
2- Analyse and review standards, manuals, plans and layouts in order to advise airport standards and safety inspections, airport managers, planners and project managers on accpetable safety standards in line with GACA guidance and best practice.
3- Prepares necessary reports to higher authority as required.
Job Details
| Date Posted: |
2011-11-25 |
| Job Location: |
Jeddah, Saudi Arabia |
| Job Role: |
Safety |
| Company Industry: |
Airlines/Aviation |
Preferred Candidate
| Career Level: |
Management |
| Gender: |
Male |
Apply Now –
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Three countries of the Arabian Gulf have set up a $2.5b sovereign investment fund to support Morocco’s tourism sector
National Oil Corporation chief says production has climbed to 750,000 bpd and will reach pre-war levels by end-2012
Dubai’s City Hospital has unveiled a ground-breaking cell therapy provided by Australian biomedical major Prima BioMed for the treatment of cancer, Gulf News has reported. “The cancer therapy, known as CVac, will first be used to treat ovarian cancer and later extended to other types of tumours and cancer,” said Dr Leon du Perez, medical director of City Hospital. The new technology targets immune cells against tumours carrying an excess of certain proteins not found in other cells in the human body.
The rapid progress and enormous diversity of digital solutions, as well as convergence of media, along with the growing demand for premium indigenous content offers an extremely promising future for the regional broadcast industry. [Wired by: DubaiCityGuide.com - A Cyber Gear Company]
Six UAE-made items were among 16 finalists in the exhibition
Eurozone concerns, rupee fall weigh on yellow metal
Crisis deals blow to Europe confidence
Prime minister Harper steps up bid to supply Asia
Says he was offered inducements to vote against digital TV bill
Nokia has applied to delist from the Frankfurt Stock Exchange because of falling trading volumes of its shares
T-Mobile deal plea with watchdog withdrawn
Sacked executive and currently director indicates willingness to get job back as he attends company meeting
The International Monetary Fund (IMF) welcomed a written pledge from a Greek party leader backing
Sovereign fund to be used for investment
European leaders say there?s no reason to prepare for the unthinkable: the breakup of the euro zone. But some big banks are no longer so sure.
Dubai International Capital (DIC), a unit of Dubai Holding has announced an agreement with creditors for its $2.4bn debt restructuring, Reuters has reported. “I can confirm that the DIC restructuring has been agreed,” a spokeswoman for DIC said, declining to give further details. The company had agreed to repay $2bn of the debt being restructured after five years at an interest rate of 2%, said two sources familiar with the situation. A further $400m is to be repaid after three years, at current rates, they said.
Posted: November 26th, 2011
at 12:28pm by Arif
Categories: Uncategorized
Comments: No comments
An international arbitration application has been filed by Suzuki Motors after Volkswagen refused to sell back its 20% stake in the Japanese company, Reuters has reported. Suzuki, which has accused its German partner of withholding hybrid technology it promised to share, on November 18 said its two-year alliance with the German automaker has ended, demanding a return of the 19.9% stake VW bought for about €1.7bn ($2.27bn) in January 2009.
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