Deyaar Development, the customer-focused development company out of Dubai, recently reported a consolidated net profit of $23.3 million for the second quarter of 2015, which represents an increase of more than 37 percent over the same period last year. Read More »
Doha Bank increased total assets by just less than 15 percent over the same period last year, with a rise of nearly $3 billion. The bank now holds more than $22 billion. The bank also had a strong first half of the year in terms of customer deposits. Read More »
The bank saw a net profit of nearly $289 million over the first half of 2015, which translates to 4 percent rise in net operating income. The profit increase has been driven by more customer deposits and a rise in overall assets to nearly $33 billion. Read More »
Two new Tory Burch boutiques have opened in the Middle East. The first, in Doha, opened April 23 at the Lagoona Mall. It is the first freestanding Tory Burch boutique in Qatar. Much of the Tory Burch collection will be on the shelves there. Read More »
Talent and leadership firm Korn Ferry said on Saturday that Blayne O'Hara has joined the company in the role of Middle East principal. O'Hara will be focusing on the financial services markets and will be working from Korn Ferry's Dubai office. Read More »
Modern Data Center solutions provider Veeam Software is expanding its operations and offerings in Saudi Arabia, Egypt, Lebanon, Jordan and Palestine. On the heels of the expansion, Rawad Zaki has been named territory manager for the region. Read More »
Springs 14, The Springs, Dubai Located on a cozy lot that backs to a big lake in Dubai's sought after Emirates Living Community, this stylish villa boasts a spacious, open floor plan with a combination living and dining area, and a separate kitchen with gorgeous countertops and lovely white cabinets. Read More »
Zawawi Trading Company, the authorized general distributor for Mercedes-Benz in Oman, has seen all models performing well, but the major stand-out performer was the S-Class Coupé, which managed an impressive 200 percent growth rate over last year. Read More »
The Orange County Visitors Association recently released a free online training video that teaches etiquette for communicating and interacting with Middle Eastern visitors, and bridging cultural differences to ensure all guests have a welcoming stay. Read More »
A recently released report from MENA Research Partners found a slowdown in M&A activity in the MENA region during the second quarter. Read More »
Many companies are reaping unforeseen benefits in business performance resulting from increasing the accessibility of information across organizations. Businesses that embrace digital transformations could see increased revenue as much as 30 percent. Read More »
The airline moved its systems and infrastructure to the Ooredoo Data Center, which is among the most advanced facilities of its kind in the region. The move lets the company take advantage of the latest generation of cloud backup and security solutions. Read More »
The contract will be handled by JCDecaux ATA, a JCDecaux subsidiary, and gives the company control over all advertising at the airport, both inside and out. The company will install pole-mounted digital screens as well as a number static displays. Read More »
Exhibit included presentations on data gleaned from various studies conducted in tandem with industries in Bahrain as part of the curriculum. Approximately 30 projects were highlighted for an audience of students, staff and industry representatives. Read More »
Brand protection and loyalty solutions provider Sproxil has partnered with Mobile Health Management Co. (meHealth), a Saudi Arabian mobile health care space, to make available in Saudi Arabia Sproxil's Mobile Product Authentication (MPA) technology. Read More »
DHL Express opened its fourth in-mall service point at the City Center Mall in Qatar on July 8, bringing the total number of DHL service points in the country to 11. DHL service points are also available at Villagio Mall, Landmark Mall and Alkhor Mall. Read More »
The International Bank of Qatar (IBQ) has recently received an A+ long-term issuer default rating from Fitch Ratings. Fitch officials forecast that all highly-rated Qatari banks will get any needed support from the government or other sources. Read More »
Omagine LLC, a 60-percent-owned subsidiary of Omagine Inc., announced late last week that it has signed and registered with the government of Oman a usufruct agreement to secure Omagine's ownership of the development rights on more than 245 acres of beachfront property located in Oman. Read More »
Qatar Executive has been focusing on developing and expanding its aircraft management division, which is based at its hub in Doha. Qatar Executive provides customized services for aircraft owners including maintenance of the complete flight operation. Read More »
Impact Porter Novelli (IPN) was selected to be the Gulf Cooperation Council (GCC) public relations agency for Honor, a smartphone e-brand produced by Huawei, on July 8. IPN will be working toward creating a regional awareness of the Honor brand. Read More »
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