The Article IV mission of the International Monetary Fund (IMF) presented its valuation of the economic and financial performance of the UAE at a meeting with the Ministry of Finance to review the ministry's policies that boost the national economy. The IMF report noted the country’s ability to develop growth equal to twice the economic expansion of the eurozone. Read More »

Kuwait's most prominent corporate law firm, Al Ruwayeh & Partners (ASAR), represented Kuwait Finance House, National Bank of Kuwait and other Kuwaiti financial groups in connection with financing the Kuwait National Petroleum Company's (KNPC) clean fuels project. The project calls for the improvement of Mina Abdulla and Mina Al Ahmadi refineries. Read More »

Ithraa, Oman's inward investment and export development agency, will host a three-day Invest in Oman Roadshow in Paris to strengthen trade and investment relationships. Representatives from some of Oman’s most noteworthy and esteemed business organizations, such as SEZAD, Oman Air, Oman Aquaculture Development Company and Oman Rail, will create the senior delegation. Read More »

The Dubai Chamber of Commerce and Industry said that the World's Retail Congress will be returning to Dubai next year. "The decision to host the annual World Retail Congress twice in a row in Dubai reflects the emirate’s leading status as a major global retail hub and a key driver for innovation in retail industry," Dubai Chamber President and CEO Hamad Buamim said. Read More »

Dubai Association Centre, which saw a boost in membership in 2016’s first quarter, said its total number of issued licenses now stands at 23, representing a 44 percent increase within three months. Altogether, seven new organizations gained access to the association. Members range from scientific organizations and natural resource distributors to advertising and other councils.  Read More »

Oman Air teamed up with Checkport Switzerland to offer airline security personnel training on how to carry out an aircraft search. The training, held at Muscat International Airport, was provided as a way to enhance the safety of Oman Air passengers. It consisted of classroom-based sessions that focused on such topics as search procedures and instant emergency response. Read More »

In a general meeting of Emirates Integrated Telecommunications Company (du) in March, leaders announced a dividend of $0.05 per share for the second half of 2015 - total annual dividend for the company's stock is now $0.12 per share. Since then, company leaders have continued to work on delivering some of the aspects of their mission statements and goals that they have put online. Read More »

Fitch Ratings downgraded the long-term foreign and local currency Issuer Default Ratings of Saudi Arabia from AA to AA- as analysts cited a downward revision on oil price estimates and a widening of the central government deficit from 2.3 percent of GDP in 2014 to 14.8 percent in 2015. Fitch said the government will meet some of its financial needs by getting rid of foreign assets and borrowing. Read More »

Better Homes LLC has listed a four-bedroom townhouse in the Qurum area of Muscat for $519,480. This townhome is perfect for a growing family and located near Qurum Private School. The four-bedroom, two-bathroom multilevel unit is decorated with high end finishes, including Villeroy and Boch sanitaryware. The European-style kitchen features built-in appliances and vent hood. Read More »

Encouraging women in the United Arab Emirates (UAE) to take up leadership and entrepreneurial roles, Dubai Quality Group will hold the 13th cycle of the Emirates Women Award (EWA) ceremony on May 23 at Four Seasons Resort Dubai. Read More »

A shifting economy and a growing number of millennials entering the work force have caused Saudi companies to adjust their strategic plans for long-term success. Read More »

Dubai welcomed 4.1 million overnight visitors in the first three months of this year — a 5.1 percent increase over the same period last year, according to numbers released by Dubai's Department of Tourism and Commerce Marketing (Dubai Tourism). Read More »

Scoring a five-year contract for waste management from Oman Environmental Services Holding Company, Veolia Middle East intends to reorganize its municipal collection service and at the same time raise public awareness about the industry. Read More »

DP World Group Chairman and CEO Ahmed Bin Sulayem recently met with the president of Belarus, Alexander Lukashenko, to discuss potential areas for future cooperation. Read More »

Conditions are right for Saudi Arabia to experience potentially dramatic growth from international investors in future years, global financial expert Mark Mobius told delegates at the recent 11th annual Euromoney Saudi Arabia Conference in Riyadh. Read More »

Spring United Company, the Arabian Gulf franchisor of the American Rice to Riches trademark, has opened the Gulf's second Rice to Riches program in the Kingdom of Saudi Arabia after its success in Kuwait. Read More »

Eaman Al Roudhan, head of Zain Kuwait and the first female CEO of a Kuwaiti telecommunications firm, was recently honored with the 13th annual Media Excellence Award for Technology and Information at a panel discussion. Read More »

The Tej Kohli Cornea Institute (TKCI), funded by the Tej Kohli Foundation, recently teamed up with Omani health officials with the goal of establishing cornea transplant services across the country. Read More »

Qatar has maintained its position as the fifth most popular destination globally in the Muslim travel market, according to the MasterCard-CrescentRating Global Muslim Travel Index (GMTI) 2016. Read More »

Majid Al Futtaim, a Dubai mall, retail and leisure business with operations spanning much of the Middle East and North Africa, has announced that it will increase its Omani investments with a regional mall in Muscat.  Read More »