SEDCO Capital's second real estate income fund receives $118.6 million in pledges

Saudi Arabia's SEDCO Capital said its SEDCO Capital Real Estate Income Fund II (SCREIF II) received $118.6 million in pledges from more than 35 investors. SEDCO Capital said its second real estate income fund has received a strong response in commitments and investors include public and private sector companies, foundations, endowments, Saudi and GCC banks and individuals. Read More »

Martindale Pharma signs distribution deal with Saudi Arabia's Faisal Musaed El Seif Saudi Pharmaceutical

Martindale Pharma, a pharmaceutical company based in the U.K., recently signed a distribution agreement with Faisal Musaed El Seif Saudi Pharmaceutical Co. to extend its reach into Saudi Arabia. Faisal Musaed El Seif Saudi Pharmaceutical has a long-standing relationship with Martindale Pharma, making the agreement key in growing Martindale Pharma’s global business. Read More »

Dubai chamber staff climbs stairs to raise funds for Al Jalila Foundation

Extreme stair climbing proved productive for 18 Dubai Chamber of Commerce and Industry staffers who completed the Dubai Holding SkyRun. Preparation for the event allowed chambe?r workers to scale all 52 flights in record time, raising $1,225 in support of Al Jalila Foundation, a nonprofit charitable organization promoting medical education and research in the UAE. Read More »

Oman Trading International opts to drive with GlobalView

Dubai’s Oman Trading International (OTI) has selected GlobalView's direct interface program to manage its oil and refined products trading business. Using GlobalView, OTI can instantly access data in real time to drive their Allegro 8 ETRM (Energy Trading and Risk Management) platform, which captures transactions, performs logistical tasks and fulfills compliance regulations. Read More »

Siemens celebrates new energy-efficient quarters in Kuwait

Technology powerhouse Siemens is showcasing the ergonomics and energy-efficient lighting as two of the many upgrades at its new Kuwait office in Kuwait City’s Ardiya area to support the company’s rapid regional growth. Over the last five years, Siemen’s Kuwait team has increased by 10 percent. The new base reflects Siemens’ commitment to environmental responsibility. Read More »

Oman delegation to promote sultanate at meetings industry expo in Germany

Oman Ministry of Tourism Undersecretary Maitha Al Mahrouq is heading a ministry delegation to IMEX 2016, a global trade fair for the meetings, incentives, conferences and events (MICE) sector that begins Tuesday in Frankfurt, Germany. IMEX 2016 will give the ministry the opportunity to showcase the sultanate to the MICE sector as an ideal destination in the region. Read More »

Bahrain chamber discusses health care trends with health minister

A committee of the Bahrain Chamber of Commerce and Industry (BCCI) conferred with Bahrain Health Minister Faeqa bint Said Al-Saleh to review areas of mutual interest regarding trends and needs of the kingdom’s medical sector. The discussions included ways to help new doctors make connections in their fields and facilitating partnerships between investors and worthwhile projects. Read More »

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