APICORP attains interest in Ashtead’s offshore oil technology

The Arab Petroleum Investments Corporation (APICORP) said Tuesday that it has acquired a controlling interest in Ashtead Technology, a global provider of underwater equipment and services to the offshore oil and gas industry. APICORP, which made the transaction in collaboration with Buckthorn Partners, said the acquisition aligns with its diversification objectives Read More »

Dubai arbitration seminar gives attorneys insights on dispute resolution

The Dubai International Arbitration Centre (DIAC), an initiative of the Dubai Chamber of Commerce and Industry, recently sponsored a seminar titled “The Role of Arbitration in Settling Disputes” for Kuwaiti lawyers at Dubai’s Millennium Plaza Hotel. The training session emphasized commercial arbitration on a global scale and its impact on resolving trade disagreements. Read More »

What You Can Buy

Located in Dubai's sought-after Springs 2 residential development, near the Springs Town Centre, this stunning villa boasts a spacious floor plan with 1,690 square feet of living space and stylish upgrades throughout. The villa has an open floor plan on the ground floor that includes a sizable family room, a private study and an open gourmet kitchen. Read More »

Dubai chamber honored with two Government Excellence Program awards

The Dubai Chamber of Commerce and Industry claimed the Best Result for the Customer Satisfaction award and the Innovative Idea award at the 19th session of the Dubai Government Excellence Program at the Dubai World Trade Center. The Dubai chamber was first in Customer Satisfaction, with a score of 95.9 percent, the highest score ever recorded in the category. Read More »

Tamkeen, Mowgli Foundation team up to aid Bahraini entrepreneurs

Bahrain's Tamkeen and the U.K.'s Mowgli Foundation have teamed up to launch an entrepreneurial mentoring program for Bahraini entrepreneurs. A workshop, already underway, marks the beginning of the program. The mentoring relationships formed will provide entrepreneurs with mentors for an entire year, giving them better chances of succeeding in their entrepreneurial endeavors. Read More »

Council of Saudi Chambers, Australian ambassador discuss trade relations

Australia Ambassador to Saudi Arabia Ralph Peter King recently met with Council of Saudi Chambers (CSC) Chairperson Abdulrahman Al Zamil to discuss potential trade development between the two nations. Increased mutual economic development appears feasible in the near future as the two officials discussed strategies for joint ventures and potential partnerships. Read More »

Leminar to distribute Georg Fischer piping products in Kuwait

Leminar Air Conditioning Company WLL of Kuwait, a distributor of HVAC and plumbing products, has signed a distribution agreement with Georg Fischer Piping Systems of Switzerland to distribute its piping systems in Kuwait. The agreement will expand the portfolio of international brands for Leminar while providing Georg Fischer with Leminar's comprehensive distribution network. Read More »

Bahrain chamber considers sending real estate delegation to boost ties with Saudi Arabia

Abdulhakeem Al Shemeri, a member of the Bahrain Chamber of Commerce and Industry (BCCI) Executive Committee who heads the Bahraini-Saudi Joint Business Council, and Hasan Kamal, who heads the BCCI's real estate committee, recently discussed sending a delegation from Bahrain’s real estate sector to Saudi Arabia in an effort to stimulate business transactions between the countries. Read More »

College initiative aims to raise the bar for prospective Saudi business leaders

Plans to launch the College for Business and Entrepreneurship at King Abdullah Economic City (KAEC), a flagship program aimed at raising the bar for prospective Saudi Arabian business leaders, were announced last week in Riyadh. The College for Business and Entrepreneurship is the brainchild of Babson Global, Lockheed Martin, the Saudi Arabia Economic Offset Program and KAEC. Read More »

EQUATE looks to maximize Middle East's 40% share of gas reserves

EQUATE Petrochemical Company, which sponsored Kuwait Oil & Gas Summit 2016, said further development in connection with other regions is needed to take advantage of the Middle East’s 40 percent share of global gas reserves. The summit boasts participation from Kuwait Petroleum Corporation as well as other international oil, gas, petrochemical, scientific and academic entities. 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 »

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 »

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 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 »

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 »

Top