Marriott International recently announced the signing of development plans for the first Residence Inn by Marriott in the UAE, to be called Residence Inn by Marriott Al Jaddaf. It is expected to be completed in 2019. Bahrain-based Trading and Investment Co. owns the property. Marriott International has 14 hotels in the UAE, but this will be the first Residence Inn. Read More »

Alderley, a multi-disciplinary engineering company, has named Yasser Qari general manager for its Dammam division in Saudi Arabia. Qari is a graduate of the King Fahd University of Petroleum and Minerals in the field of electrical engineering. In addition to strong engineering skills, Qari has developed leadership through his work with Siemens, Schlumberger and Saudi Aramco. Read More »

Government officials, media representatives and well-regarded risk managers from Middle East and North Africa-based and international companies gathered recently at the RIMS Risk Forum Middle East. Throughout the first day of the forum, interactive panel discussions covered an update on the MENA insurance market, energy risk, political instability and cyber risk. Read More »

The National Mobile Telecommunications Co. KSCP Ooredoo now has 23.9 million customers and posted $1.805 billion in nine months of 2015 as the digital world continues to grow in Kuwait and the surrounding region. The numbers signify a customer growth of 7.5 percent, but a 3.1 percent decrease in net profit compared with $1.863 billion for the same period in 2014. Read More »

During the 2015 Fort Lauderdale International Boat Show, held Nov. 5-9, the new 12-cylinder of the Rolls Royce MTU Series 2000 M96L yacht engine debuted. The 16-cylinder version of the engine, which made its debut in 2014, offers power ratings from 2,185 brake horsepower to 2,600 bhp. The engine’s new 12-cylinder configuration offers ratings from 1,700 bhp to 1,920 bhp. Read More »

Nielsen Saudia Arabia recently announced a partnership with the Jeddah Chamber of Commerce and Industry, an important business and service operation in the kingdom. The first-of-its-kind collaboration, declared during an official signing ceremony at the Jeddah Chamber Building, will give Jeddah’s business community access to Nielsen insights from the company’s global surveys. Read More »

The website was launched by the UAE General Civil Aviation Authority and the summit was organized under the patronage of UAE Minister of Economy and Chairmain of the GCAA Sultan Bin Saeed Al Mansouri with the primary focus of showing attendees investment opportunities in the UAE civil aviation industry, especially in areas of maintenance, repair, training and education. Read More »

The fourth of Supreme Environmental Coordination Committee meetings was held in Dubai, allowing members of the committee from around the UAE to come together to discuss progress and implementation of procedures. One of the prime directives the meeting focused on was the enhancement of effective coordination between federal and local authorities as part of UAE Vision 2021. Read More »

National Bank of Fujairah recently announced that 14 UAE nationals have entered into the company’s management trainee program. The program is designed to help strong professional candidates receive training and career development opportunities. Those selected for the program go through a 12-month journey that trains them, gives them mentors and puts them through job rotations. Read More »

Bahrain’s Economic Development Board, chaired by Crown Prince Salman bin Hamad Al Khalifa, met recently to discuss $32 million in infrastructure and economic reforms aimed at fortifying the kingdom’s long-term development by lessening its reliance on oil. The reforms are part of a comprehensive restructuring project that also includes streamlining government costs. Read More »

Drake & Scull Engineering recently won a $32.9 million Engineering, Procurement and Construction contract for the design, build and install of a chilled water distribution network in Dubai. The underground chilled water pipe network in the mixed-use development will feature pre-insulated pipes up to 1,200 millimeters in diameter totaling a length of 19.9 miles. Read More »

A seminar called "Food Waste Management -- Innovative Practices" was held Sunday at the Dubai Chamber Sustainability Partnership, which was also in charge of organizing the event with the help of the French Business Council. In attendance were representatives of private companies working in the UAE in industries like hotels, caterers, food companies and food banking. Read More »

Saraya Bandar Jissah, a luxury lifestyle development on the outskirts of Muscat, Oman, was showcased at the recent Cityscape Kuwait 2015, a regional platform for developers to share their latest projects with investors and real estate professionals. Developed by Omran and Saraya Oman, Saraya Bandar Jissah is being built on more than 230 million square feet of beachfront property. Read More »

BankDhofar was a major supporter of the recently held entrepreneur event created by the Oman Ministry of Defense and the SME Development Fund to discuss business opportunities and challenges with regards to small and medium enterprises (SME). SME business owners joined representatives from government departments and private sector organizations in the three-day event. Read More »

Al Mazaya Holding Company was one of several real estate investment companies from Kuwait and around the region taking part in the second edition of Cityscape Kuwait held earlier this month in Mishref. Al Mazaya, one of the Gold Sponsors of the three-day event, presented a large marketing campaign that showcased its projects in Dubai, Oman and Turkey. Read More »

Texas A&M University at Qatar and Maersk Oil Qatar recently released the first issue of Engineering Education Letters, a journal collecting articles on various engineering topics. The journal contains articles examining various teaching and learning techniques. Submissions are peer-reviewed and checked within a month and posted online as soon as they are approved. Read More »

Dubai Financial Market (DFM) recently held a workshop in Kuwait to demonstrate its online disclosure solution called Efsah. The workshop focused on showing the attendees how to use Efsah to publish disclosures quickly and efficiently with the Web-based application. The system provides users with a template in both Arabic and English for a standard regulatory disclosure. Read More »

Finance magazine Global Banking and Finance Review recently honored the Saudi Kuwait Finance House (SKFH) with an award for the best initial public offering (IPO) for 2015. The award was bestowed for SKFH's IPO Baitak Fund. "IPO Baitak Fund is a collective investment scheme tailored for investors wishing to achieve competitive returns," SKFH CEO Eng. Tareq Al-Rikhaimi said. Read More »

The second edition of Cityscape Kuwait was recently held at the Kuwait International Fairground in Meshref. The event welcomed more than 70 exhibitors from 10 countries including Turkey, UAE, Saudi Arabia and Oman. "Encouraged by low oil prices, Kuwaitis are diversifying their investments both at home and in overseas markets,” Cityscape Group Director Deep Marwaha said. Read More »

The Bahrain Free Labor Unions Federation (BFLUF), Tamkeen and Abrar Center organized a recent seven-day training program for Bahrainis working as professional coaches. The program was aimed at boosting the skills of professional coaches and covered areas that included effective lecturing, planning and management of training sessions and preparation of training packages. Read More »