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March 13, 2015
Legacy Carriers vs. Low Cost Carriers (LCCs)
According to the ‘GCC Low Cost Carriers’ report published by Markaz, in the recent past, the number of passengers traveling by Low Cost Carriers (LCCs) has grown faster than that of legacy carriers (also known as full-service carriers). The report states that LCCs cater to the core need of passengers, which is transporting them from one point to another. LCC carriers have structured their business in such a way so as to reduce their operating costs and the benefits reaped...
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March 8, 2015
Alternative Energy in Fossil Fuel Rich GCC Countries
The consumption of energy in GCC is driven by high level of urbanization, growing expatriates, fuel subsidises and industrialization. The continuous growth in energy consumption is snowballing into a major issue, as GCC countries are finding it difficult to suffice their own needs. According to World Energy Council, Gulf Cooperation Council (GCC) is expected to require 100 GW of additional power in next ten years to suffice their domestic consumption requirements. GCC countries per capita power consumption is amongst the...