Kuwait Times - - BUSINESS -

Emaar ap­points hos­pi­tal­ity and leisure unit CEO

Dubai’s Emaar Prop­er­ties , builder of the world’s tallest tower, an­nounced yes­ter­day the ap­point­ment of Olivier Har­nisch as the chief ex­ec­u­tive of its hos­pi­tal­ity and leisure busi­ness Emaar Hos­pi­tal­ity Group. Har­nisch joins from Brus­sels-based Carl­son Rezi­dor Ho­tel Group, where he pre­vi­ously served as chief op­er­at­ing of­fi­cer, the de­vel­oper said in a state­ment. He will be re­spon­si­ble for over­see­ing Emaar’s three ho­tel brands: The Ad­dress Ho­tels + Re­sorts, Vida Ho­tels and Re­sorts, and Rove Ho­tels and leisure as­sets.

Egypt can­cels ten­der to rent third LNG ter­mi­nal

Egypt has can­celled its ten­der to rent a third nat­u­ral gas im­port (LNG) re­gasi­fi­ca­tion ter­mi­nal as it is no longer needed, Oil Min­is­ter Tarek El Molla told Reuters yes­ter­day. “The ten­der to rent a third re­gasi­fi­ca­tion ter­mi­nal was can­celled due to a lack of need for it and un­til we re­assess the gas pro­duc­tion ca­pac­ity of Egypt and the con­sump­tion lev­els over the next few years,” he said. Once a net en­ergy ex­porter, Egypt be­gan im­port­ing liq­ue­fied nat­u­ral gas (LNG) last year and has leased two float­ing and stor­age re­gasi­fi­ca­tion units (FSRU) al­ready to help avert power short­ages caused by fall­ing en­ergy pro­duc­tion and ris­ing con­sump­tion.

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