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Rising fuel costs are a jeopardy for Indian businesses  - Dotemirates
4 month 3 week

Rising fuel costs are a jeopardy for Indian businesses 

Zuzer Lucknowala is worried about the price of oil. His wedding and events company is feeling the heat from rising fuel costs in India, which has significantly pushed up the amount he has to spend to transport supplies to events he caters for, cutting right through his profit margin. “Fuel price increases have forced us back to the drawing board,” says Mr Lucknowala, who is the chairman and managing director of Party Cruisers in Mumbai. “There’s a jeopardy in accepting and absorbing the cost upsurge.” Mr Lucknowala is not alone in sounding caution: soaring fuel prices are a growing worry...


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16 minute 6 second

Expo 2020 celebrates Two Years To Go with a special The Dubai Fountain show, countdown on Burj Khalifa

Dubai - MENA Herald: A specially-choreographed show at The Dubai Fountain and a stunning three-minute projection on Burj Khalifa formed the climax of festivities on Saturday as Expo 2020 Dubai passed its two-years-to-go landmark. The milestone moment in the countdown to the biggest event to ever be held in the Arab world attracted thousands of people to a free public celebration at Burj Park, Downtown Dubai. The community event included five hours of interactive live music performances, illuminations, lessons in dance from around the world, stellar artistic exhibitions and activities, global cuisines, and more. Three energetic flash-mob routines, synchronised to...
16 minute 39 second

DEWA awards AED 382 million for power cables contract

DUBAI, 20th October, 2018 (WAM) -- Dubai Electricity and Water Authority (DEWA) has awarded contracts worth AED 382 million to supply 1,548 kilometres (km) of 11 kilovolt (kV) power cables. The contracts include the supply of cables across different regions in Dubai to meet the criteria for the electricity distribution network expansion, and to keep up with the continued growth in demand for electricity from various consumer sectors. It is expected that the manufacture and supply of these cables will be completed by September 2019. "Through these huge projects being carried out, we aim to support and raise the capacity...
17 minute 24 second

SAIF Zone to participate in World CEO Forum as Platinum Sponsor

SHARJAH, 20th October, 2018 (WAM) -- The Sharjah Airport International Free, SAIF, Zone has announced that it will participate in the World CEO Forum as a Platinum Sponsor for the event, which will take place from 21st to 24th October, 2018, aboard the world-famous Queen Elizabeth II cruise liner and will be attended by some of the greatest commercial minds in the Middle East. Saud Salim Al Mazrouei, Director of Sharjah Airport International Free Zone Authority and Hamriyah Free Zone Authority, will take part in the mega event as one of the UAE’s leading business and industry leaders. Al Mazrouei...

1 hour 23 minute

Can a hungry Mali turn rice technology into ‘white gold’?

BAGUINEDA: When rice farmers started producing yields nine times larger than normal in the Malian desert near the famed town of Timbuktu a decade ago, a passerby could have mistaken the crop for another desert mirage.Rather, it was the result of an engineering feat that has left experts in this impoverished nation in awe — but one that has yet to spread widely through Mali’s farming community.“We must redouble efforts to get political leaders on board,” said Djiguiba Kouyaté, a coordinator in Mali for German development agency GIZ.With hunger a constant menace, Malians are cautiously turning to a controversial farming...
2 hour 34 minute

‘Unthinkable... after Ethiopia’: Yemen faces globe’s worst famine in 100 years

MOHAMMED HUWAIS/AFP/Getty Images Slide 1 of 9 The United Nations humanitarian branch is warning that 13 million people in civil war-torn Yemen are facing starvation. UN advocates are calling on a military coalition led by U.S. ally Saudi Arabia to halt air strikes that are at times missing targets and killing civilians, while decimating villages. The action is contributing to what the UN says could become “the worst famine in the world in 100 years.” Disease, including the diptheria that this young Yemeni girl suffers from (eradicated by immunization in much of the West), is another challenge for humanitarian efforts....
2 hour 56 minute

Sharjah Islamic Bank net profits rise by 10.5% to AED397 million in 9 months

SHARJAH, 20th October, 2018 (WAM) -- Sharjah Islamic Bank (SIB) has announced robust financial results despite economic challenges for the first nine months of 2018 declaring net profits at AED397.7 million compared to AED360 million declared during the same period last year, showing a 10.5% increase. Total assets of the Shariah-compliant bank reached AED44 billion at the end of September 2018 compared to AED38.3 billion reported at the end of December 2017, representing an increase of 14.9%. The bank said customer financing reached AED22.9 billion at the end of September 2018 compared to AED21.7 billion at the end of December...