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.