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Saudi Arabia, other oil giants announce surprise output cutsSaudi Arabia and other Opec+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the US called inadvisable, said me More… |
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CBB cuts lending interest rateThe Central Bank of Bahrain (CBB) decided today to cut the overnight lending rate by 1.55%, from 4.00% to 2.45% in light of the recent global developments. The rate cut is effective immediately, CBB said. More… |
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Boeing mulls another 787 output cut amid sales slumpBoeing Company is considering another cut to production of its marquee 787 Dreamliner as the aerospace giant contends with sluggish demand, reported Bloomberg citing people familiar with the matter. Ex More… |
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Boeing mulls another 787 output cut amid sales slumpBoeing Company is considering another cut to production of its marquee 787 Dreamliner as the aerospace giant contends with sluggish demand, reported Bloomberg citing people familiar with the matter. Ex More… |
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Mideast must use ‘advanced tech to cut food wastage’The Middle East’s food and beverages (F&B) industry needs to embrace advanced technology to help fight the region’s growing food waste dilemma, according to experts due to address the first Gulfood Innovation Conference, to be he More… |
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Anode repair costs cut with Saab Seaeye’s CougarAn advanced anode repair concept has been launched with the help of Saab Seaeye’s Cougar XT electric e-robotic underwater vehicle as a development platform. The new concept, created by SubC Partner, is said to save up to 75 More… |
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Anode repair costs cut with Saab Seaeye’s CougarAn advanced anode repair concept has been launched with the help of Saab Seaeye’s Cougar XT electric e-robotic underwater vehicle as a development platform. The new concept, created by SubC Partner, is said to save up to 75 More… |
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Abu Dhabi approves cuts to tourism feesThe Abu Dhabi Executive Committee has approved a proposal to reduce tourism fees from 6 per cent to 3.5 per cent and municipality fees from 4 per cent to 2 per cent, a report said. The decision came during a meeting on Tuesday, wh More… |
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InSinkErator equips ICCA with systems to cut wasteInSinkErator, a business unit of Emerson, a top manufacturer of food waste disposers for home and commercial use, has equipped the new wing of the Dubai-based International Centre for Culinary Arts (ICCA) with its latest innovations. More… |
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Boeing to restructure defence and space unitBoeing will be restructuring its defence, space and security (BDS) unit into smaller entities and also cut 50 executive positions this year as part of efforts to become more globally competitive. In a statement released on June 13 More… |
