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Gulf Navigation Holding signs Dh145m ship dealDubai: Gulf Navigation Holding (GNH), the region's rapidly growing oil and chemical carrier, and ST Shipping and Trading have signed a charter agreement for three ships at an approximate value of $40 million (Dh145 million). ST Shipping and Trading is the shipping arm of Switzerland-based Glencore, one of the largest oil trading houses in the world. Under the terms of the agreement, GNH will time-charter two ships to ST Shipping and Trading for up to two years under long-term fixed rate employment, and a third at a floating market rate with a fixed minimum charter rate. The process for delivery of the three vessels will be completed in the next few days. The vessels are double hull with a deadweight of 48,000 metric tonnes each and have a liquid capacity of about 50,000 cubic metres. read more. MIDDAY BUSINESS REPORT: Garmin navigates to record, raises ...Garmin Ltd . sold $432.5 million worth of navigation gear during the second quarter, shattering Wall Street estimates for the Olathe company. Before the market opened this morning, the manufacturer of Global Positioning System devices reported a $120.7 million profit for the three months. Min Kao, Garmin's chief executive, said the sale of automotive products grew by more than 100 percent during the period. "Solid growth in both our automotive/mobile and outdoor/fitness segments has positioned us to exceed our earlier 2006 guidance for these segments," Kao said in a statement. The company raised its sales projections for 2006 to $1.6 billion, and earnings per share forecast to "exceed $3.90." The $432.5 million in sales is a record for Garmin for the second quarter. read more. Will Saudis Emulate Dubai's Development Bonanza?The grass is always greener on the other side. Saudi visitors and businessmen returning from Dubai seem to come back ever more impressed by the phenomenal growth and development taking place in that UAE emirate. They long for the day when the Kingdom emulates Dubai's apparent success. A major question, however, does Saudi Arabia really want to be another Dubai? Underneath the glitter and the sophisticated marketing and PR, glitches and cracks are beginning to appear in Dubai's so-called miracle development bonanza. It behooves Saudi Arabia to sit back and take note. Societies need to balance their economic development with transformation that takes into account internal social cohesiveness and responsibilities for the wider community. While Dubai has undoubtedly provided its native citizens with the trappings of a comfortable welfare state, a luxury lifestyle and seeming guaranteed employment, the desire and obsession to be the number one in many areas has also created social stress and uncertainty about core family traditions and values. read more. MIDDAY BUSINESS REPORT: Garmin navigates to record, raises ...Garmin Ltd . sold $432.5 million worth of navigation gear during the second quarter, shattering Wall Street estimates for the Olathe company. Before the market opened this morning, the manufacturer of Global Positioning System devices reported a $120.7 million profit for the three months. Min Kao, Garmin's chief executive, said the sale of automotive products grew by more than 100 percent during the period. "Solid growth in both our automotive/mobile and outdoor/fitness segments has positioned us to exceed our earlier 2006 guidance for these segments," Kao said in a statement. The company raised its sales projections for 2006 to $1.6 billion, and earnings per share forecast to "exceed $3.90." The $432.5 million in sales is a record for Garmin for the second quarter. read more. Bring back ex-Margao SDMNoel Pinto, Dubai-UAEIt is disgusting to note the treatment given to former SDM of Margao, Mr. Suresh Pilarnekar. The situation in which he is in today is the result of his good work towards the society. How on earth he is deserved such an awful treatment from the government after keeping on check several gambling activities by himself? In fact, he should have been awarded with medal or at least his work should have been appreciated. If he had to cooperate with the gamblers, police and politicians, would he be happy? Definitely yes, he would be happy but not get the satisfaction. He would have made lots of money for himself, but he chose not to do it as he is a man of honour, believe in honesty and the good work for the society. Well, rather than punishing those who are guilty in his attempt to curb the menace of gambling, he paid the price in the form of a transfer to Sanguem as a Forest Settlement Officer. If such things continue, it means government is encouraging the gambling activities, corruption and anti-social elements in our society. Without the intervention of Chief Minister – Mr. read more. Standard Chartered legal chief in move to DubaiStandard Chartered group head of legal David Brimacombe is jetting off to Dubai to take up a new position at the bank, leaving the organisation to search for a successor in London. Brimacombe is moving to the Gulf in the next few months to help drive forward the bank's operations in the region. The bank has not yet made a decision on his replacement in London. Meanwhile,Standard Chartered has hired its first-ever employment specialist. Rebecca Priestley will join the bank's London legal team from Simmons & Simmons in August. She will be looking after employment issues across all of the bank's 56 locations. Brimacombe said: "This is very much a global role. Rebecca will be working with the legal team and the HR team on employment issues across all our offices." The move comes as banks look to beef up their in-house employment capabilities in the wake of increased litigation for unfair dismissal or sexual discrimination. read more. LCL Corp associate lands RM68.8m Dubai jobLCL Corporation Bhd said its associated company in Dubai, LCL Interiors LLC (LCL Interiors) has received a letter of acceptance from CSHK Dubai Contracting (LLC) (CSHK) for interior finishes sub-contract works worth RM68.8 million for the service apartment in the Burj Dubai Development. In a statement on July 26, the company said that LCL Interiors was awarded the sub-contract works for all interior finishes to the service apartment (17th to 41st floor), the front of the house areas and interior finishing of the four passenger lift cabs on July 24. LCL Corporation said the sub-contract works would commence immediately with completion scheduled for October 2007, and is expected to contribute positively towards its earnings for the current financial year. Including the latest job, LCL Interiors had received three interior fit-out works from the same developer, amounting to RM139 million. read more. Nepalis stranded in DubaiA Nepali social worker in Dubai, Shyam Sharma, informed Nepalnews that the brokers brought them to Dubai after taking Rs. 150,000 per person giving assurance of good jobs in Iraq. The brokers had assured them to take them to Iraq via Dubai. The brokers fled after keeping Nepali workers in Rasalakhai city of Dubai. Of the stranded workers, five Nepalis, who were languishing in the city, said they did not even have proper arrangements for food. Stating that the number of Nepali people being cheated is increasing every day, Sharma advised the government to correspond to the concerned embassies not to issue visit visas to Nepalis and if anybody wants to go to the Arab countries, they should not be allowed to go there without having US dollars 1,000. Though the government has been banning foreign employment in Iraq, many Nepali go there via India with the hope of earning more money. read more.The research handy since the internet was launched has grown in description. This issue has unquestionably generated a ton of interest as of late. The impression that true research is impossible to uncover is false. Our views on this subject are quite strong. This info was built to be insightful and insightful. After you have absolutely sifted through the links we provide on this page, we would advise you to save them. The industry related to Design Jobs In Dubai is a stirring industry and studying more about it is quite valuable.
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