El-Assra named partner in Morgan Lewis' Dubai office

The international law firm Morgan Lewis has strengthened its international finance capabilities with the addition of Tarek El-Assra as a partner in Dubai. With his background handling matters for clients in the United Arab Emirates and Saudi Arabia, El-Assra will collaborate with the firm’s global finance, debt capital markets, and restructuring teams around the globe. Read More »

EMC Egypttoday announces new vice president

Per a recent announcement, Mohamed Talaat has been named the new vice president for EMC Egypttoday, as a result of which he will be gaining responsibility for the Saudi Arabia, Turkey, Egypt and Libya coverage areas; Talaat will be based out of Riyadh and will be responsible for the company's strategy to strengthen both the business environment and overall economic opportunities in each of these countries. Read More »

Topaz Energy purchases subsea vessels from Norway's Vard Brattvaag

Topaz Energy and Marine has purchased two Subsea vessels from Vard Brattvaag in Norway, which are worth approximately $115 million (USD) and are set to include 120-ton heave compensated offshore crane, capable of reaching depths as low as 3,000 meters below sea level; the vessels were developed for light subsea construction with intervention duties, and they are expected to be delivered sometime in 2017. Read More »

What You Can Buy

This stylish, two-story villa is tucked onto a cozy and well-landscaped lot in Dubai's sought-after The Springs residential development. Boasting a spacious open floor plan with 2,246 square feet of living space and stunning, unobstructed lake views, this villa has great features and amenities throughout. The main floor has a combination living and dining room. Read More »

Qatar highlights sustainability, food security efforts at Expo Milano 2015

Qatar is showcasing its national commitment to environmental sustainability and healthy, plentiful food for all as part of the Weill Cornell Medical College’s (WCMC-Q) Qatar Pavilion at Expo Milano 2015; Expo Milano is this year’s World’s Fair and is one of the biggest events of its kind in the world, with more than 140 participating countries and 20 million visitors over a six-month period. Read More »

GE issued license to establish technology center in Kuwait

The Kuwait Direct Investment Promotion Authority has issued an investment license to General Electric to enable the global company to establish the GE Kuwait Technology Center as a limited liability Kuwaiti company, Times Kuwait reported. The technology center will receive an investment of approximately $82.9 million to encourage research and development in energy generation in Kuwait. Read More »

Saudi Aramco partners with Lanxess for synthetic rubber venture

One of Saudi Aramco's subsidiaries, called Aramco Overseas Company, has signed a joint venture agreement with the German specialty chemicals company Lanxess to create a new synthetic rubber company, splitting everything in half; the new company would develop, produce, market, sell and distribute the synthetic rubber used in the global tire industry, auto-parts manufacturing and a wide range of other applications. Read More »

Consumer Price Index report shows rising cost of living in UAE

This year’s overall Consumer Price Index (CPI) report shows prices for goods in the United Arab Emirates (UAE) has been on the rise over the past two years; a CPI report measures the change in the price for a basket of consumer goods and services commonly purchased by households, and the CPI in the UAE has increased by 0.92 percent between the end of July and August just this year, while it increased by nearly five percent compared to its value at the end of Aug. 2014. Read More »

Saudi Arabia beefs up plans for aviation sector privatization

Saudi Arabia’s General Authority of Civil Aviation plans to expand privatization programs in the nation’s aviation sector to accommodate the rapid growth of passenger numbers; Sulaiman Al-Hamdan, president of GACA, said that the authority’s move to privatize a number of international and national airports is aimed at improving services and raising overall quality for airline passengers. Read More »

Bahrain explores educational partnership with Finland's Metropolia UAS

Bahrain's reputation for education and its location near the Gulf Cooperation Council countries makes the country a potential market for Metropolia UAS, which has had several contacts related to education export with the public and private sector.  The Bahrainian princess' visit reinforces the country's interest in the potential cooperation opportunities with Finland. Read More »

GCC Pharmaceutical Congress to help pharmacists develop best practices

The conference will discuss the key developments and innovations in pharmacy practice from regulations to innovative technologies--an important step toward developing the region’s pharmacy industry. Best practice in the GCC’s pharmaceutical industry has seen great strides recently, especially in the last decade as pharmacists have moved toward a more patient-centric approach. Read More »

Qatar Chamber, Logistic Committee reach agreement on Birkat Al Awamir Logistic Area allocation

Qatar’s Logistic Committee and the Qatar Chamber of Commerce have reached an agreement to protect the interests of the beneficiaries of land grants at the Birkat Al Awamir Logistic Area Project. The project is the largest logistics and industrial project in the country's south and is aimed at encouraging the private sector to contribute to Qatar National Vision 2030. Read More »

Vocera Communications opens international office in Dubai

In an effort to expand it services internationally and to also support growth within health care and hospitality markets in the Arabian Peninsula, Vocera Communications Inc. has opened an office in Dubai, United Arab Emirates."Thought leaders in the Arabian Peninsula have a vision to create and sustain centers of excellence in health care," Vocera CEO Brent Lang said. Read More »

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