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GNH signs $40m charter dealDubai: Gulf Navigation Holding (GNH), an oil and chemical carrier, and ST Shipping and Trading, Switzerland-based Glencore's shipping arm, one of the largest oil trading houses in the world, have signed a time charter agreement for three ships at Dh145 million ($40m). 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 vessels are double hull, 48,000 metric tones deadweight each and have liquid capacity of about 50,000 cu m. The vessels are capable of speeds up to 15 knots. Ghazi Al Ibrahim, managing director and chief executive officer (CEO) of Gulf Navigation Holding said: "The confidence Glencore has placed in us through this deal reflects the credibility of our operations as a global operator." Gulf Navigation is now amid an initial public offering of Dh910m, to list on the Dubai Financial Market. read more. New hotel soonClose to seven hundred Barbadians will find employment at the new Four Seasons Hotel when it is completed in another three years. Developer of the west coast property, Michael Pemberton says training of the employees will be a priority from early next year. Pemberton says tenders are out for construction of the five star hotel which is expected to cost about six hundred million dollars. But he disclosed that he's already in negotiations with a number of international construction firms, including some who have built large global brands in Dubai. Four Seasons has eighty hotels worldwide and is constructing another twenty. Work on the 35-acre property in Barbados is due to start later this year. . read more. There was no setback to economy: Pondicherry CMPondicherry, Aug 2: Pondicherry Chief Minister N Rangasamy today said there was no setback to economy or revenue base of Pondicherry following implementation of the uniform sales tax. Replying to views expressed by members during the two-day debate on the motion of thanks to the Lt Governor for his address,which concluded in the House today, Rangasamy said the government was adopting firm job policy and promotion of such activities like proposals to establish a special economic zone would go a long way to end unemployment among the youth.He said of the 7694 industries functioning in the Union Territory as many as 7462 units were in the small scale sector. He said his government would not allow hereafter any industries that would pose threat to environment and sub soil water table. Infrastructure development was on top of agenda of development here.Rangasamy also said the new facility available for the Pondicherry government to raise loan from market borrowings would also be of help as against nine per cent rate of interest levied under loans under non plan wing by the Central government. read more. Plan to take away power procurement work from Transco: BJPNew Delhi, Aug 2: The BJP today accused the government of planning to strip public body Delhi Transco Ltd off the work of procurement of power for the national capital and transfer it to three private power distribution companies.The party's Delhi state President Harsh Vardhan claimed the proposal would compel the public to pay "four or five times more charges for the consumption of power".Vardhan also claimed that the government had directed the Delhi Electricity Regulatory Commission to take steps in this regard.He alleged that the government had decided to give this responsibility to the three companies without inviting open tenders. . read more. Position: Senior Corporate LawyerThis top tier UK law firm has a strong presence throughout the Middle East, which provides a broad range of high profile corporate and commercial work. The firm has been operating in the UAE for over 20 years and services clients within both the Middle East region and internationally. Looking to strengthen their presence in Dubai, a new position has arisen for an additional senior Lawyer to join the busy corporate team. The candidate will need to bring a broad range of corporate transactions experience to the team and must show in-depth technical experience with acquisitions and disposals, takeovers, joint ventures, IPOs, stock exchange, secondary issues and reorganisations. Your experience with high value domestic and international deals will be highly regarded and you will have a keen interest in marketing and fostering long term relationships with key clients. read more.Lots of research has been invested reading the material that we are delivering to you. The greatest areas to stumble upon entirely the variety of resources you are attempting to track down is here on the internet through the many search engines usable. 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