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MIDDLE EASTERN (B)

MIDDLE EASTERN (B)

How to Save Money on Utility Bills in Bahrain

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Simply turning the air-conditioning (AC) down a few degrees this summer could help you save significant money on utility bills, according to an expert.

That is because colder AC settings consume more power, explained Sustainable Energy Centre (SEC) acting executive director Alexander Al Samahiji.

Another increase in electricity rates in March for expats and businesses, combined with a trend of rising temperatures, means this summer could be an expensive one for those who improperly use their AC.

Electricity charges rose to 29 fils per unit, while water charges increased to 750 fils per unit





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MIDDLE EASTERN (B)

Lenders Keen on Utilizing 15 Jet Airways Planes After Its Crisis

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Lenders are exploring ways to utilise about 15 planes owned by Jet Airways and also discussing with authorities on protecting the valuable assets, including airport slots, of the now-shuttered airline, banking sources said.

As they wait for completion of the bidding process for stake sale, the domestic lenders, led by SBI, are looking at options to raise funds from available assets of the carrier, which has served the Indian skies for nearly 26 years.

Left with no cash to continue flying, the once-mighty Jet Airways on Wednesday suspended operations temporarily.





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MIDDLE EASTERN (B)

Here's What to Expect When You List Your Token on a Rogue Cryptocurrency Exchange

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With so many cryptocurrency exchanges appearing on an almost daily basis, the average person, or not so average if you are a Crypto Enthusiast, can be overwhelmed by the sheer number.

This creates a challenge to qualify their place in the hierarchy of worth. (CoinMarketCap being the centrepiece).

Often new cryptocurrency exchanges are located in obscure places where regulation is not mature, and this can lead to malpractice by the exchange creators.

Often new cryptocurrency exchanges are located in obscure places where regulation is not mature.





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MIDDLE EASTERN (B)

Iran, Switzerland to Reinforce Joint Banking Ties

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 In a meeting with the Governor of the Central Bank of Iran (CBI), the Swiss ambassador to Tehran, Marcos Lightner announced that the two countries are to witness a growth in their mutual banking ties.

Referring to his country’s efforts to reinforce joint banking ties and re-opening Iran-Switzerland banking channel, Lightner informed that the common banking relations will increase, soon.

“Switzerland has always had proper banking ties with Iran and the US embargo on Iran should not restrict them,” the envoy said.

Switzerland has always had proper banking ties with Iran.





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MIDDLE EASTERN (B)

Saudi Arabia Focuses on Smart Facilities to Fuel Tourism Sector

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Ahead of the Saudi Entertainment and Amusement (SEA) exhibition in Jeddah on April 21-23, 2019, Enova, the Middle East’s leading energy and facilities management specialist, reaffirms the importance of integrated Energy & Facilities Management services for the Kingdom’s nearly SR86 billion tourism and hospitality sector. Combined smart facilities management and sustainable energy efficiency solutions are not only crucial for an optimized and comfortable visitor experience, but also guarantee utilities savings and building attractiveness in the long term.

Saudi Vision 2030 is ramping up the Kingdom’s tourism infrastructure – for both more domestic tourism by Saudi nationals and international visitors.





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MIDDLE EASTERN (B)

Consumer Confidence Remains Low in Lebanon Despite Government Formation

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Consumer confidence remained below expectations in the first quarter of 2019 despite the formation of the Cabinet and the pledge to implement reforms, according to the Byblos Bank/AUB Consumer Confidence Index issued Tuesday. “The results show that the Index regressed by 10.4 percent in January 2019 from December 2018, increased by 13.6 percent in February and decreased by 2.5 percent in March 2019.

Further, the Index averaged 75.5 in the first quarter of 2019 and was unchanged from the fourth quarter of 2018,” the report said.

Lebanese truly believe that is a basic right of every tax-paying citizen to have a functioning government in place.





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MIDDLE EASTERN (B)

Iraq Bans PUBG, Fortnite for Promoting Violence

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Iraq’s parliament on Wednesday voted unanimously to ban the popular but brutal online game PlayerUnknown’s Battlegrounds for “inciting violence” in the war-torn country.

Iraq’s parliament on Wednesday voted unanimously to ban the popular but brutal online game PlayerUnknown’s Battlegrounds for “inciting violence” in the war-torn country.

Often likened to the blockbuster book and film series “The Hunger Games”, PUBG game pits marooned characters against one another in a virtual fight to the death.

Iraqi media had, for months, alleged that addiction to playing PUBG had caused marital disputes and even divorces.





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