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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. 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. Expat Australians welcome Howard's bid for fifth termDubai: Australians living in the UAE have welcomed the news that their long-serving Prime Minister John Howard is to seek another term in office. Howard announced this week he would remain leader of the Liberal party and contest elections scheduled for late 2007. His decision dashed the hopes of finance minister and deputy PM Peter Costello, who claimed recently that Howard now into his fourth term as Prime Minister had promised to step down after two terms. Howard's time in office has been characterised by economic prosperity, but his foreign policy such as his support for the Iraq War and socially conservative views have alienated some voters. Geoff Wheatley, 63, chairman of the Australian Business in the Gulf Group, said 67-year-old Howard's decision to contest the next election was "to be applauded". read more.Circumvent killing resources struggling to instruct yourself. Our feelings on this affair are very strong. After you've carefully checked over the resources we present on this page, we would like to invite you to save them. Uncovering top Dubai Job Quantity Surveyor Uae knowledge should not be a troublesome process. This issue has incontestably generated a lot of interest of late.
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