The Emirates National Oil Company (ENOC) was recently awarded Deal of the Year in the corporate finance category in Dubai by the Islamic Finance News and 2015 Best Syndicated Loan in the Middle East at the EMEA Finance awards. The ENOC won Deal of the Year award for its nine-year, $1.5 billion dual currency syndicated debt transaction completed last year. Read More »

The Dubai Chamber of Commerce and Industry recently introduced its Human Capital Management (HCM) smart app, part of Dubai’s Smart City initiative which is championed by Sheikh Mohammed bin Rashid Al Maktoum, UAE vice president and prime minister and ruler of Dubai. The HCM app is part of the chamber’s strategy to spur creativity and innovation in the private sector. Read More »

Bank Dhofar has established a $500 million Euro Medium Term Note (EMTN) program and was recently advised by Dentons that the program has been assigned long-term senior unsecured provisional ratings of (P) Baa1 by Moody's and BBB (EXP) by Fitch. The National Bank of Abu Dhabi and HSBC partnered with Bank ABC, Credit Agricole CIB and BNP Paribas to arrange the program. Read More »

Milaha (Qatar Navigation) has signed an extension to its previous agreement with Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) to transport up to 150,000 twenty-foot equivalent units in petrochemicals from Qatar. The contract extension, which will last through March 31, 2017, adds one year to a previous two-year feeder contract. Read More »

Al Asmakh Real Estate Luxury Sales has listed a two-bedroom apartment with an office in Porto Arabia for $686,519. The 2,217-square-foot apartment features two exits to the apartment’s large balcony, an office and a maid’s quarters. The kitchen is fully equipped with a stainless-steel oven and range hood. Each bedroom has an en suite bathroom. Read More »

The Social Development Center (SDC) and Qatar Finance and Business Academy (QFBA) recently signed a memorandum of understanding (MoU) about empowering youth and helping broaden their professional choices, standards and capacities. The MoU is to help achieve the aspirations of Qatar National Vision 2030, which focuses on youth as a means and an end for development. Read More »

Oman's Bank Nizwa has introduced its "branch-on-wheels," a mobile financial unit, in an effort to share Shariah-compliant banking with more customers. With a goal of introducing the product line offered by an Islamic bank, the mobile financial unit will travel throughout Oman providing a variety of products and services over the next six months. Read More »

The Council of Saudi Chambers said it will orchestrate a Saudi-Canadian meeting next week in Riyadh with business leaders from both nations. Emad Al Thukair, who serves as chair of the Saudi-Canadian Business Council (SCBC), said he was optimistic about the increasingly cooperative climate between the two nations with regard to economic collaboration. Read More »

A recent meeting between Qatar Chamber Vice Chairman Mohamed bin Ahmed bin Twar and Undersecretary of State of the Republic of Poland Katarzyna Kacperczyk focused on increasing trade between the two countries. The meeting concentrated on the need for stronger economic relations, better collaboration between business executives and boosting investment opportunities. Read More »

Kuwait-based Warba Bank participated in the American University of the Middle East (AUM) career fair to help educate youth about Islamic banking. During the fair, bank representatives provided students with information about the Islamic work field and about Warba. The bank is eager to support youth capabilities and pave the way for graduates to join its workforce. Read More »

The Dubai Smartpreneur Competition to inspire initiatives based on intelligent living to transform Dubai into a smart city is open to applicants through May 7. The goal of the competition, co-sponsored by the Dubai Chamber of Commerce and Industry and Smart Dubai Office, is to encourage a high comfort level with technology. The contest is designed to inspire innovative approaches. Read More »

Oman Arab Bank (OAB) marked Earth Day by introducing its new electronic banking statement service in an effort to promote environmental awareness. Instead of waiting for printed documents from local postal services, Omani consumers can obtain information on their accounts instantly online through the e-statements as OAB strives to reduce paper consumption. Read More »

Boursa Kuwait Securities Company (BKSC) said Monday it has taken over leadership of the Kuwait Stock Exchange’s daily functions in Kuwait City in accordance with strategic planning for the long-term health of the market developed by the Capital Markets Authority (CMA). The transition in leadership is expected to end Sept. 30 as Boursa Kuwait obtains proper licensing. Read More »

U.S. Rep. Louie Gohmert (R-TX) has a lot to say about the impact of trade deals and other events on the modern Gulf region. Gohmert spoke on the House floor last week about the Obama administration’s Joint Comprehensive Plan of Action, a deal with Iran intended to stave off the country's nuclear ambitions and promote international diplomacy. Read More »

Kuwait Finance House (KFH), a publicly listed banking and asset management firm headquartered in Safat, sponsored today’s 11th annual Turkish Arab Economic Forum (TAF) promoting Arab-Turkish trade in Istanbul, Turkey. Read More »

Bahrain’s Economic Development Board (EDB), in an effort to boost tourism, participated in a roundtable discussion at the Arabian Hotel Investment Conference, running through Thursday at the Madinat Jumeirah hotel in Dubai. The session, titled "Uncovering Bahrain," focused on tourism-oriented business potential in Bahrain. Read More »

Funtazmo, Oman's largest indoor family entertainment center, will open May 5 at Oman Avenues Mall in Bausher. The first-of-its-kind center will house more than 250 rides and games, 5-D cinema and a party hall. Until now, Oman has not had a one-stop entertainment destination suitable for all age groups. The center will also have the first roller coaster in Oman. Read More »

Qatar Airways has agreed to a collaboration with American International Group (AIG) that will implement Travel Guard insurance to customers of Qatar Airways when they book flights in Qatar, United Arab Emirates, Bahrain and Kuwait. There are currently three levels of coverage offered under the AIG Travel Guard insurance program, which are designed to meet the needs of the customers. Read More »

Artistic Property has listed a 3,600-square-foot townhouse in Dubai for $737,478. The townhouse has two floors above the ground floor an includes four bedrooms, each with en suite bathrooms and access to the balcony. The residence features a fitted kitchen and a maid’s room. The lobby and pantry are on the first and second floors, and there also is an elevator. Read More »

Qatar Petroleum and Saudi Aramco will be among the exhibitors at the 2016 World Energy Congress, the influential energy industry gathering being hosted by the World Energy Council Oct. 9-13 in Istanbul. Among the already more than 170 confirmed speakers are BP Group CEO Bob Dudley, Econet Founder Strive Masiyiwa and International Energy Agency Executive Director Fatih Birol. Read More »