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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. Officials' waffling may put brakes on monorailThe future of Jakarta's planned monorail remains fraught with confusion as the project's principle actors, as well as state officials, persistently contradict each other on the question of financial guarantees to secure overseas loans. Vice President Jusuf Kalla said Friday that the central government is willing to provide the guarantees for project developer PT Jakarta Monorail (JM) so it can secure overseas loans. However, this can only be done if the Jakarta administration finalizes its contract with JM. "We are willing to issue the guarantee. But the Jakarta administration should ensure with JM that the minimum requirements for the project have been met," said Kalla without elaborating. He reiterated that it was the task of the city administration, not the central government, to guarantee the project. read more. Dubai Investments Park constructing 38,000 sq meter sports facility for tenantsDubai Investments Park (DIP), which is a wholly-owned subsidiary of Dubai Investments, has announced that it is constructing a fully-equipped cricket and football pitch within the Park in cooperation with Seven Seas Shipchandlers LLC, for tenants of the Park and for labourers staying in the labour accommodation in DIP. . read more. He has promises to keep,And Miles To Go Before He Can SleepMahmoud Mohieldin is one of those people you either love or hate there's no gray zone, no safe middle ground. As the brashest and most outspoken of the Nazif Cabinet's Economic Team, where he joins Minister of Trade and Industry Rachid Mohamed Rachid and veteran Minister of Finance and Insurance Youssef Boutros-Ghali, Mohieldin has been working overtime since July 2004 to kick-start the nation's ailing economy. Two years into the job, he is routinely lauded in international circles for both his vision and the bluntness with which he implements it. It's gotten to the point where he seems almost invariably described in the foreign press as "Egypt's tough-minded investment minister." Those same attributes have won him little other than attacks here at home, particularly in the local press, and he knows it: Mohieldin has no illusions about his popularity with the majority of Egyptians who are staunchly opposed to his fast-track privatization program, but he says he's determined to remain focused on "ensuring the Egyptian people their right to a better future." Two years on, the statistics are promising and the programs are working, but the Economic Team still lacks credibility on the street. read more. Science of Sport: Enhanced altitude simulation comes to AucklandAn innovative programme delivering health, lifestyle and sporting benefits was launched in Auckland today (Thursday 3 August) by entrepreneurial company io. From its high-tech centre on Mount Eden Road, io delivers its unique altitude simulation programme, which will soon be available through a network of centres around the world. Current programme users include several All Blacks, the Auckland Blues, mountain biker Scarlett Hagen and free dive champion Ant Williams. Building on an investment in a former altitude simulation company, Chief Executive Michael Lodge and Chief Operating Officer Edward Lodge have enhanced and honed nearly every aspect of altitude simulation over the past 12 months. At the io premises, state-of-the art technology, purpose-written software and sophisticated high altitude air delivery has taken altitude simulation from the realm of elite athletes and made it available to everyday people seeking lifestyle, health and sporting benefits. read more. Dubai Bank continues Emiratisation recruitment and training ...A group of ten UAE graduate Nationals were recruited at Dubai Bank through its National recruitment program, Ar-Ruwwad. The group will be placed on a one year training and development program that will prepare them for careers in banking. Following HH Sheikh Mohammed bin Rashid Al Makhtoums Directive on Nationalization, Dubai Bank introduced its National recruitment program a year ago. Dubai Bank has already completed the training for its first group of trainees that have graduated and are now working in the Banks various business divisions.The training model to be used for UAE National development will consist of a combination of classroom and on-the-job based training interventions to equip participants with knowledge and skills required for a banking career.Mr. Abdul Aziz Al Muhairi, CEO of Dubai Bank recently met the new recruits and encouraged them to be diligent, and to make maximum benefit of this training opportunity. read more. Racing: Eden Rock will be hard to beat in Mile featureA top mile handicapper can be a jewel in any stable, as is illustrated by the latest of the many big-money races over this trip available to horses of this calibre, the totesport Mile at Goodwood. The winner will earn 93,480 but will have had to work hard for the money. Winning one of these races is difficult enough, but winning two or more is very demanding, yet there is plenty of money being wagered that Sir Gerard and Dunelight, having won big handicaps, will do it again. Sir Gerard lifted the Brittania Stakes at Royal Ascot, beating Free Air, who was receiving 1lb, by two lengths. Dunelight took the London Clubs International at Ascot last month, also beating Free Air, who was receiving 1lb, by five lengths. Logic has it, then, that if one of these two is to make it a double, Dunelight should be the one. read more.The unparalleled websites to spot completely the type of Dubai Job Offshore Vacancy material you are checking for is here on the world wide web through the varied search engines at our fingertips.
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