Wednesday 13 December 2017
 
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costs

VAT 'to increase costs for GCC property investors'

The real estate sector is likely to become a costlier investment across the GCC region following the implementation of value-added tax (VAT), according to a survey of local chartered financial analysts (CFA). With VAT set to be ap

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Alitalia to cut $1bn in costs; mass layoffs likely

Italian flagship carrier Alitalia has vowed to cut costs by €1 billion ($1.07 billion) over the next three years in a bid to return to profitability by 2019, as Italy’s flagship airline embarks on yet another high-stakes restructuring

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Airlines back global carbon emissions deal despite costs

Airlines want one global deal to reduce carbon dioxide emissions from air travel despite higher costs, in order to avoid a patchwork of regulation that would be harder to manage, an executive of the International Air Transport Association (IATA)

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Etihad rolls out partial employment freeze

UAE's Etihad Airways will not be hiring non-operational staff 'until the end of year', said a report citing the airline's president and CEO James Hogan. The hiring freeze, which was introduced in the first quarter,

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UAE oil and gas sector needs to commit to long-term thinking: DNV GL

More senior oil and gas professionals in the UAE felt their organisation had been successful in achieving its cost-efficiency targets over the past year than the global average (83 per cent versus 74 per cent globally), according to a new repo

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Fresh fish costs may surge 20pc in Bahrain

Price of fresh fish could increase by up to 20 per cent in the next two months in Bahrain due to a hike in fuel prices. The Professional Fishermen’s Society said an increase in the cost of Jayyid petrol and diesel used to power fishing v

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Companies urged not to compromise on safety

Companies must not compromise critical industry assets in their endeavour to reduce costs, said experts at the Adipec Offshore and Marine conference.   Experts also emphasised during Adipec’s inaugural Offs

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Oman oil minister looking at ways to cut costs due to low prices

Oman's oil minister said the country was looking at ways to cut costs due to low oil prices but would not cut projects.   "We are cutting costs but we are not cutting projects," Mohammad bin Hamad A

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Adnoc says aims to cut operating costs by 25pc

Abu Dhabi National Oil Company (Adnoc) is looking to take advantage of market conditions and bring down the operating cost of its projects by 25 per cent, a top executive said.   "From Adnoc's point of v

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How to evaluate the costs of studying abroad

The author is a Reuters contributor. The opinions expressed are his own. Studying abroad may be an alluring idea in college. But the cost makes it a reality for only about 300,000, or 1 per cent, of students each year, ac

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