Dubai Chamber of Commerce study looks at Gulf investment in Africa

A new study analyzing Gulf investment in Africa done by the Dubai Chamber of Commerce and Industry found that East Africa is the most sought-after region for noncommodity investment by Gulf investors. The findings of the study, titled “Beyond Commodities: Gulf Investors and the new Africa,” were unveiled during the Third African Global Business Forum hosted by the chamber. Read More »

AAOIFI - World Bank conference coming to Bahrain

The Accounting and Auditing Organization for Islamic Financial Institutions and the World Bank said they will host the 10th annual AAOIFI - World Bank Conference on Islamic Banking and Finance on Dec. 6-7 in Bahrain. More than 300 global financial industry experts are expected to attend the conference, which is being organized in cooperation with the Central Bank of Bahrain.  Read More »

Alstom begins production on trains for Riyadh Metro

Polish company Alstom recently began production of the first of 69 trainsets to be used by the Riyadh Metro in Saudi Arabia. Each trainset will include two cars consisting of first, family and single classes. The 118-foot-long trainset is driverless and completely motorized. Features includes ergonomic seating, air conditioning, LED lighting and an advanced information system. Read More »

Deadline approaching for retailers to register for Shop Bahrain

Retailers have until Sunday to register for Shop Bahrain, a 30-day festival focused on Bahrain's heritage as well as its hospitality and tourism sectors running Dec. 24 through Jan. 23. Festival activities will include VIVA Shop & Skate, a skating rink at the Al A’ali Shopping Complex; a Family Fair carnival at Prince Khalifa bin Salman Park; and a Taste Tour in Adliya. Read More »

Gulf packaging expo to make its debut in February

Fleming Gulf Exhibitions said the inaugural Gulf Packaging and Polymers Show (GPPS) will be held Feb. 1-3 at the Abu Dhabi National Exhibition Centre. "GPPS is an exciting new platform which allows industry stakeholders to explore pioneering technologies that will enable packaging solutions to stay relevant in this fast-paced industry," Fleming Gulf Director Alexander Heuff said. Read More »

Warba Bank sponsors major real estate expo in Kuwait

Warba Bank, the Kuwait-based Islamic financial institution, recently exhibited its financing products for real estate investors at the Al Masar Real Estate Exhibition in Kuwait City. The Al Masar exhibition, sponsored by Warba Bank, came to the Jumeirah Messilah Beach Hotel in Kuwait City to showcase the Gulf nation’s top commercial residential real estate opportunities. Read More »

What you can buy in Dubai, Abu Dhabi and Al Marsa Village

Located in the Dubai Marina's Ocean Heights development, this stylish apartment has a spacious floor plan with 1,568 square feet of living space, a tasteful, fully furnished interior and lovely city views. The combination living and dining area is spacious and open to a fully equipped kitchen. There also are two generous-size bedrooms as well as two full bathrooms. Read More »

UAE Exchange recertified in information security management

Global remittance and foreign exchange leader UAE Exchange said recently that its information security management team has earned recertification through the most recent ISO/IEC 27001:2013 standard. ISO 27001:2013 is the most current version of the International Standard for Information Security Management and means detection of any security breaches would be immediate. Read More »

Saudi Telecom Co. honors J. Walter Thompson with Vendor Award

Marketing communication firm J. Walter Thompson Saudi Arabia recently received Saudi Telecom Co.'s (STC) Vendor Award in the innovation category during STC's fourth annual Vendor Day. The award was presented at a ceremony attended by STC top officials including CEO Khalid Bin Hussein Al-Bayari. The award recognizes J. Walter Thompson marketing STC's products and services. Read More »

Bahrain Public Transport employees to learn bus network management in England

The Bahrain Public Transport Company, which now operates all the Gulf nation’s public buses, is sending its network planners to the U.K. for an intensive public transport training program. The decision to send employees for training comes as part of the Bahrain Public Transport Company’s (BPTC) effort to create an efficient workforce to serve the public transport sector. Read More »

Dubai Chamber holds workshop to build Islamic finance knowledge

The Dubai Chamber of Commerce and Industry recently held a workshop on the various structures and technicalities surrounding Islamic financial practice. Dubai’s leadership is pushing numerous initiatives intended to build Emirates up into the center of the global Islamic economy, and one of the biggest components of that goal is growing the Shariah-compliant financial sector. Read More »

Islamic Develop Bank calls for new Islamic microfinance structures

As the Shariah-compliant Islamic finance sector booms in the GCC region, the President of the Islamic Development Bank Group, Dr. Ahmad Mohamed Ali, asked experts in the field to develop new Islamic microfinance structures Wednesday. Ali says the industry needs to leverage existing technologies and business approaches, such as mobile banking, to start developing initiatives. Read More »

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