Category: Mega Projects

PIA selling it’s craft to German museum as they left with no option

. As indicated by a stock documenting on Friday, the organization’s income was down 2pc to Rs89bn from Rs91bn a year prior. The aircraft additionally discharged budgetary figures for January-March. It posted a net loss of Rs11bn in the three-month time frame, up 91pc from Rs6bn in the comparable quarter of the prior year. Incomes for the two practically identical quarters remained level. The misfortune from operations in the most recent quarter hopped to Rs7.71bn from Rs2.65bn a year back because of an expansion in airplane fuel costs that added up to Rs8bn in January-March.

Pakistan International Airlines Corporation (PIA) posted a net loss of Rs45 billion ($433 million) for 2016, a bounce of 36 for each penny over the loss of Rs33bn ($310m) brought about in the earlier year

Despite drowning, PIA has decided to sell the plane mistakenly landed in Germany

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In any case, the primary concern was hit predominantly by an unexplained thing set apart as “different expenses”. It added up to Rs20bn for the quarter, up from Rs18bn a year prior. Speculators should sit tight for nitty-gritty records to contemplate the relating notes to realize what this sum speaks to. PIA Secretary Muhammad Shuaib was not accessible for input. The carrier did not declare any profit. The stock lost 36 paise to close at Rs4.63 an offer on the share trading system.

Add up to resources of the aircraft toward the finish of 2016 remained at Rs110bn. The notes affixed to the records for the quarter finishing on March 31 said that the carrier had an armada size of 36 airships with 11 777s, 15 A320s, including four on wet rent, five ATR72s, and five ATR42s.

“The organization is securing more airship on dry rent for which tenders have been coasted,” expressed a note connected to the quarterly records.

In the last report, PIA said that as the dominant part investor in the organization, the legislature had conveyed that it would expand “greatest” support to keep up the organization’s “going concern” status. It was perhaps to clarify the examiners’ note on the organization’s “going concern idea” as its liabilities surpassed resources.

The organization declared that “PIA proceeds and would support in the long haul as a reasonable business element” on the premise of various monetary measures taken since 2012 to lift the aircraft off the ground.

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What makes Istanbul attractive to expats than Dubai?

It is a first thought that comes to mind of travelers when ever they think to repose for a while and forage for a place where they get the best hospitality, beaches, respite spots. Dubai is indeed now a prevalent expat location for travelers from both the Eastern and Western hemispheres. A fraction of people thinks of Istanbul as a destination for new adventures. Part of the reason for this is that, while expats in Dubai can survive without having zero knowledge of the language that is Arabic but certainly, that’s not possible in  Turkey, you need to know advance basic language in order to survive.

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While interpreters are plentiful, and expats can also choose to rely on close or trusted Turkish-speaking friends, having to communicate through a third party can be stressful at times.

Istanbul, like Dubai, has much to offer expats who choose to live there. Split by the Bosphorus Strait, Istanbul is a modern, culture-rich city with one foot in Europe and the other in Asia. Bridging East and West, the city dazzles with local markets, ancient palaces, and minarets coexisting with modern art and entertainment.

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The capital of three successive empires, Istanbul has seen an influx of colonizers, settlers, merchants, conquerors, and migrant communities, all that have left a mark to make this amazing city an irresistible draw for those looking for a life filled with new and exciting adventures.

Below we compare life in Dubai with that in Istanbul, looking at various aspects of living in both metropolises that can influence a decision to move to either city.

Cost of Living

Istanbul is not only the cultural hub of Turkey but also boasts an impressive heritage. Dotted by picturesque landscapes and an abundance of historical sites and waterfronts, the capital is where most expats choose to live.

Its popularity has resulted in sky-rocketing rents and high utility costs. A night out on the town at an upscale restaurant can cause a big dent in the wallet. Notoriously high petrol prices make Istanbul’s well-connected public transport network an attractive and viable option.

Although one of the costliest cities in Turkey, Istanbul is cheaper than its neighboring European cities, and the cost of living in Istanbul is still considerably cheaper than in Dubai.

Dubai is extremely costly even more than your imagination but a blessing in disguise is you can survive in a cheap way as well because no one is forcing you to be in a 5-star apartment.

Estimated Price:

Studio Apartment: AED  5000 ( Marina/Tecom/JBR)

1 Bed Apartment : AED   6500 ( Marina/Tecom/ JBR)

2 Bed Apartment: AED  4000 ( Sharjah)

Bed Space: AED 400 ( 4 people) ( Tecom)

BedSpace:: AED 250 ( 8 people ) ( Sharjah )

For all other Dubai related details please inbox

 

While Dubai ranks 23rd on Mercer’s Cost of Living Survey for 2015, Istanbul comes in way below in 99th position. Turkey has yet to be admitted to the EU, and expats with foreign purchasing power are often able to live a very comfortable life, even in the relatively more populated and expensive regions of Istanbul.

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Even those expats who earn in Turkish Lira are still able to afford the odd luxury. Like in most large cities, the cost of living is a direct result of lifestyle choices and location.

Cultural Adjustments

As in Dubai, Istanbul’s local population is largely Muslim, and hence it comes as no surprise that men and women lead very different lives from what one might be accustomed to back home.

A city of true contrasts, it is common to find the modern coexisting with the traditional in every aspect of Turkish life.

Horse-drawn carts still navigate their way through dense urban traffic; smart, modern business women in skirts sip away at their Starbucks coffee; while those that are more traditional can be seen wearing head-cover; and huge glass-fronted shopping malls coexist with wonderfully old bazaars displaying beautiful goods and wares.

Turkish people are fiercely proud of their culture steeped in its rich historic past. As in Dubai, it is against the law to insult anything to do with the country.

People are extremely friendly, and most Turkish people are very inquisitive about foreigners, so don’t be surprised if you are asked very personal questions about where you work, how much you earn or, more likely, whether you are married or not.

If you are a single man or woman living in Turkey, it is very common to be asked questions pertaining to your single status. Although Western expats might find this a bit intrusive, in Turkish culture it is a mere display of genuine interest.

In Turkey, the contrast between new and old is much more apparent than in Dubai, where most of the local population keep largely to themselves and do not exhibit outright curiosity about foreigners.

Housing and Accommodation

Most expats prefer to live in the European part of Istanbul, where the two most popular areas are Beyoglu and Sariyer, which have a number of foreign consulates, international schools, and hospitals.

The Asian part of Istanbul also has plenty of housing options and is generally cheaper. There are many suburbs and areas of Istanbul one can choose to live in, but the cost of accommodation will depend largely on the type of housing, quality of the property, location, and amenities included.

Parking is at a premium in Istanbul, so accommodation that includes parking is likely to be much costlier. There are many different types of accommodation in Istanbul: flats, apartments, houses, villas, and condominiums are all available.

Expats can opt to live in ‘Sites’, which are like housing estates offering accommodation to suit a wide variety of budgets.

Traffic congestion can be a nightmare in Istanbul, so bear in mind proximity to schools and work when hunting for a house. Leases in Istanbul are usually year-long, and expats are required to produce a number of documents, as well as a one-to-two month rental deposit.

Expats can negotiate with the landlord to include utilities such as gas, water, and electricity. Most landlords speak very little English and rental documents are typically in Turkish so it would be prudent to take along a trusted Turkish friend when signing.

Although Istanbul is one of the most expensive cities in Turkey to live in, it is cheap compared to Dubai, which is more than 50% more expensive.

Schools and Education

The Asian side of Istanbul has fewer options for international schools than the European side. Although education for expat children in Turkish schools is free, most expats prefer to send their children to international schools that offer a variety of curricula to match that of their home country.

Additionally, the medium of instruction in most local schools is Turkish. International schools offer a variety of field trips and activities that are aimed at helping international students learn about Turkish culture to help them better understand cultural and social norms.

Space at international schools is often very limited, so expats are encouraged to apply early to obtain a place in their school of choice.

By Turkish standards, international school fees can be exorbitant, with additional costs such as school uniforms, text books, transport, and extracurricular activities adding to the increasing costs. However, by Dubai standards, an education in Istanbul in a top international school would still be a lot cheaper than in Dubai, which ranks as the third most expensive country in the world for rising education costs.

Healthcare

Istanbul has both private as well as public hospitals and offers excellent medical care at a fraction of the cost that would be incurred in most European and American cities.

The public healthcare system in Turkey is comprehensive and available to foreign residents who make social security contributions. However, the public healthcare lacks funding, and hospitals are often overcrowded with long wait times.

 

Many of the doctors who work here also work in private hospitals, which provide state-of-the-art medical equipment with highly trained doctors, many of whom have worked abroad. Most doctors speak excellent English and wait times in private hospitals, even in emergency, are very short

Elon Musk is striving for the best he could

What comes in your mind as you think of some one who strives to make this planet sustainable for coming generations. The man who intends to swap everything that hurts planet with the one that enhances planet life anyway. Yes, Elon Reeve Musk is an American business visionary, creator, and speculator. He is best referred to for his part as CEO of electric-auto producer Tesla Motors and as a fellow benefactor of online cash exchange framework PayPal, and of business space program SpaceX. He has dipped himself in various projects whether you name PayPal or Tesla, Hyperloop or Space X.

His one of the project, he is focused on is to build a network of underground transport of dedicated track which is under pilot test in California.

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Elon was born in South Africa, where he spent his youth and youthfulness. He was raised fundamentally by his dad, who was an architect. Elon wound up plainly inspired by PCs at a youthful age and started programming in his teenagers. After secondary school, Elon immigrated to Canada, where he went to school, and later exchanged to the University of Pennsylvania in the United States. When he was 24, he got just days into Ph.D. learns at Stanford University when he chose to leave and begin the first of what turned into a progression of multi-million-dollar business wanders with his brother, he began Zip2 with just $2,000, an organization that helped other people post substance, for example, maps and index postings.

Elon Musk is essentially known for the part he played in establishing the broadly known electronic cash exchange site Paypal.com. In spite of the fact that the organization been the subject of a few contentions, it remains the most confined in the medium for Internet business. Nowadays, Musk applies a similar creative energy and capacity to advance that he used to make PayPal a win to his authority of Tesla Motors, of which he is by and by the director. The little car producer seems, by all accounts, to be on the precarious edge of significant leaps forward the business, looking to make usable, pragmatic electric autos that can really rival gas controlled vehicles. Musk, a designer, has had a necessary influence in the improvement of the organization’s leader vehicle, the Tesla Roadster.

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Musk posted the photo on his Instagram account and from that point forward it is making a buzz in tech and logical circles. The photo demonstrates a man wearing the suit and is standing appropriate by the crew dragon case — a space vehicle which the organization is making to send space travelers to international space station. A while back, SpaceX and Boeing held hands with NASA in a cost-sparing organization to give a help and more affordable go to the ISS for their Commercial Crew Program.

 

Spacesuit looks cool and smooth. The primary full-body picture uncovers the gloves, grasp what’s more, boots outline for the first run through. The boot looks lightweight — meaning it will help space explorers amid portability. In addition, at a more intensive look, there are dark cushioned ranges at the back of space suit’s shirt and gasp, which may be intended to give solace to space explorers while they sit in the case.

 

The suit looks more like a defensive suit of expert bikers rather than a space suit. Be that as it may, it won’t be utilized for spacewalks yet will be worn by space explorers while they are in the case. Moreover, it will secure space explorers in the event of loss of lodge weight in-flight. The space suit is not a mockup rather it has been tried in twofold vacuum weight and is in working condition.

 

Musk said that he will release more data with respect to the space suit soon

No more Metro’s, Cable cars coming soon to travel in lahore

For the past few years, Lahore, the capital of Punjab, has been at front and center when it comes to new transportation projects and this time the situation is no different. After the initiation of Metro Buses and Speedo Buses for feeder routes, CM Punjab is looking to introduce ropeways transport in the city. It has several benefits the best one is it will promote go green policy of government although initially, it will cost some tree’s to go waste it will be zero emission source of carbon unlike any other transport

Shahbaz Sharif has directed the concerned authorities to prepare feasibility reports to run the ropeways transport featuring cable cars at three different points in Lahore; from Imamia Colony to Railway Station, Jehangir Tomb to Greater Iqbal Park, from Jalo Mor to Thokar Niaz Baig and also another one from Islamabad to Murree.

Reportedly, a foreign ropeway manufacturing company will work on this new project to provide cable car transport, alongside Punjab government. The new project is aimed at reducing the burden of traffic on the roads whilst providing an innovative way to travel within the city.

Currently, the Orange Line Train Project is underway in Lahore and CM Punjab is also looking to introduce Blue and Purple line train in Lahore. Feasibility study and presentation of the Blue and Purple line projects have already been completed and the two projects will be worth around three trillion

All about Dubai . Mega Projects 2016

ALL ABOUT PROJECTS IN DUBAI. NEED TO KNOW IF YOU ARE INTERESTED

The AED6 billion Bluewater Island, situated near Jumeirah Beach Residence, is set to be one of the biggest visitor hotspots on the planet.

Set to pull in an expected three million guests for every annum, the island will the Dubai Eye – the world’s tallest Ferris Wheel.

The project will also comprise retail, residential, hospitality and entertainment zones – as well as housing a boutique five-star hotel.

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The $545 million Dubai Water Canal Project will change Business Bay and associate the region with the Arabian Gulf more than three stages that are set to finish October 2016.

The task will incorporate another strip mall, four hotels and 450 eateries and in addition an extravagance housing and cycling ways.

The canal itself will measure six meters deep, while scaffolds will be bridges will be built eight metres high to allow the passing of yachts and marine craft445feffb81e2d28acda0cc8d39be6ec5

Launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Museum of the Future, will house a percentage of the world’s most recent creations and will be a cornerstone of the emirate’s focus on innovation.

The round-shaped building will be located alongside the Jumeirah Emirates Towers near Dubai International Financial Center (DIFC).

In addition to become a major tourist destination, the Museum will offer advanced courses and concentrated workshops, and additionally public talks and events.

It is expected to cost more than $200m and and the completion date in 2017

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The $816 million Jewel of the Creek project will consists of a monstrous waterfront complex, highlighting 19-story flat apartment buildings, three office towers, two luxury hotels, a recreation centre and a convention centre with a ballroom, and additionally a marina and a huge number of retail spaces for shops and eateries.

The project, which is scheduled for completion in the first quarter of 2017, will be located between Al Maktoum Bridge, Baniyas Road and the Floating Bridge covering 123,955 square meters of area

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The $3 billion Habtoor City, planned for completion in 2016, will highlight three top of the line hotels – managed by Starwood Hotels and Resorts Worldwide (St. Regis, Westin Dubai and W Dubai Sheik Zayed Road) – and in addition three extravagance private towers.

This amazing development, which will be located on a 10 million square foot plot on Sheik Zayed Road, will contain dining venues, a French-inspired garden, a famous Las Vegas style water theater and the world’s first Bentley cafe.

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A 15.3 square km waterfront city, paves the way for hundreds of new hotels, serviced apartments, mixed-use buildings and marinas.

featuring four islands, the project’s host of attractions will incorporate an extensive shopping center; an Arabic souk-style night market, an amphitheater for 30,000 people and a marina that can accommodate large yachts.

While, three hectares of the venture – which is planned to be finished by Q3 2018 at an expense of $150 million – dedicated to hotels and resorts.

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The $10 billion Mohammed Bin Rashid Al Maktoum (MBR) City – District One, will handover the first and second phase of villas in mid-2016 and mid-2017.

Reaching 1,110 acres, MBR City – District One includes a 7km stretch of Crystal Lagoons, the world’s largest artificial beach and a 14km boardwalk.

Located within minutes of the Burj Khalifa and Dubai Mall, the ‘super luxury’ District One project is spread over 440 hectares, with more than 60 percent of the total area being allocated to green and open spaces.

The low-density project boasts a 7km-long ‘Crystal Lagoon’ for swimming, kayaking and other activities. The project will also feature 14km of artificial beach walk and 8.8km of cycling and jogging track on the periphery.

District One, which is scheduled to be completed by 2018-2019, will also feature entertainment, retail and hospitality offerings.

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Dubai Municipality has begun the  implementation of the New Aladdin City project in the middle of Dubai Creek.

The project, which is inspired by the known stories of Aladdin and Sinbad, will feature three towers, including commercial and hotel space, spread over a distance of 450 metres. It will also have air-conditioned bridges with moving floor to connect the towers, driveways and parking lots.

The cost and completion date of the project has yet to be revealed

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Dubai Parks and Resorts remains on track for an October 2016 completion date with $1.03 billion cumulative project expenditure at the end of June 2015.

The resort will feature three theme parks including Motiongate Dubai, Bollywood Parks and Legoland Dubai – as well as a 60,000sq ft stage that will hold Bollywood-themed performances.

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The project contains a 150m-high, far reaching structure resembling a huge picture frame.

located close to the Star Gate games and rides area of Zabeel Park, the frame will boast panoramic views of Old Dubai from one side and the skyline of New Dubai from the other side.

The $43.5 million project is anticipated to be complete by December 2015

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