Qatar Petroleum achieved a milestone when the 10,000th liquefied natural gas (LNG) cargo was loaded from Ras Laffan Port earlier this month.The cargo was placed onto the Q-Max LNG carrier Mozah with its destination being the South Hook LNG Terminal in the United Kingdom. The carrier is the world's largest LNG vessels and can hold a full LNG cargo of 9.1 million cubic feet. Read More »

A large villa is available in the Malaweh South area of Al Seeb, Muscat, for $909,310. The eight-bedroom, 10-bathroom villa is a three-story home. There are three bedrooms with en suite bathrooms, a family hall and two toilets on the ground floor. The first floor has three bedrooms with en suite bathrooms and a family hall. The penthouse has a studio with a bathroom and pantry. Read More »

The Qatar Chamber has made efforts to meet a goal of economic diversification by encouraging the private sector to develop a larger role in the region’s economy, Qatar Chamber President Sheikh Khalifa bin Jassim Al Thani said. During the chamber’s General Assembly meeting on May 19, Al Thani said that supporting the private sector has led to an increase in contribution to the GDP. Read More »

In the UAE, public planners are looking to improve the tourism industry through partnerships with one of the leading innovative travel businesses in the marketplace - Airbnb. The Dubai Department of Tourism and Commerce Marketing signed an agreement with Airbnb that will provide more consistent experiences while streamlining the process of registration for property owners. Read More »

Logistics provider Agility will offer specialized services for companies within the private and public sectors after winning a five year contract with Kuwait-based YIACO Medical Company, a medical and pharmaceutical supplier that works with a number of different health care sector entities. The contract calls for Agility to store medicines and medical equipment from YIACO. Read More »

Kuwait's Boubyan Bank issued $250 million Perpetual Tier 1 Capital Certificates completed May 16, the first public sukuk from a Kuwaiti bank, the first public sukuk out of Kuwait since 2007 and the world’s first public fully Basel III-compliant Tier 1 sukuk. “We are delighted to have been part of this truly remarkable transaction,” Alex Roussos, Dentons capital markets partner, said. Read More »

In an attempt to manage a significant amount of capital, the Qatar Investment Authority (QIA) is apparently shuffling up to $100 billion into new investment efforts in what Arabian Business magazine is calling a “major overhaul.” A magazine story in mid-May said the Qatari sovereign wealth fund (SWF) is creating a new internal division to be headed by Ahmed Al Rumaihi. Read More »

While focusing on the modernization of financial management, advances in education and the diversification of assets, Middle Eastern officials are not neglecting some of the biggest technologies that have impacted finance in the last decade. Keynote Events and other partners are holding the first Blockchain Technology Conference in Dubai, which kicked off Monday at the Burj Al Arab.  Read More »

The Bahrain Asian Traders Committee of the Bahrain Chamber of Commerce and Industry (BCCI), headed by Vice Treasurer Mohamed Sajid, recently visited the office of Pakistan Ambassador to Bahrain Javed Malik to boost business ties between the two countries. The meeting focused on developing Bahraini-Pakistani business relationships and opportunities for businesses to grow. Read More »

Omani-Irani relations are expected to benefit from a visit by representatives of Ithraa, Oman's investment promotional export development agency, to Tehran to discuss trade possibilities. The delegation, being led by Sayyid Faisal Al Said, director general of investment promotion for Ithraa, expects the meeting to focus on the specific sectors of logistics, metals and health care. Read More »

Working in tandem with the Smart Dubai Office, the Dubai Chamber of Commerce and Industry recently reviewed hundreds of applications for its Smartpreneur Competition and is expected to announce the winning entries Tuesday at ArabNet Digital Summit 2016. Dubai Chamber launched the program earlier in May to involve Dubai’s young entrepreneurs in the country’s strategic initiatives. Read More »

Leaders in the United Arab Emirates are building a new set of scientific laboratories in Dubai's Mohammed bin Rashid Al Maktoum Solar Park to help continue innovation in aerospace and other manufacturing industries. A set of 3-D printed laboratories are slated to be built as part of the research and development center there, and the labs also will conduct research on drones. Read More »

International consulting engineering company ByrneLooby plans to double the number of employees in its Bahrain office over the next two years. Read More »

Memac Ogilvy Bahrain recently appointed Arpan Saxena to serve as its strategic planning director. Read More »

Global Investment House announced third quarter net profits of KWD243 thousand in spite of challenging economic markets. Read More »

Bahrain International Airport (BIA)’s managing body, Bahrain Airport Company (BAC), recently provided an informational meeting about advertising the facility’s new passenger terminal at Mövenpick Hotel, Muharraq, with both BAC staff and interested parties in attendance. Read More »

Under the guidance of professors, Northwestern University in Qatar (NU-Q) students recently conducted a series of interviews with QFC-licensed financial entities in order to learn about promotional marketing strategies and distinguish Qatar’s pre-eminent business models. Read More »

Mobilizing Emirati employees to volunteer their time during the workday, ENGAGE Dubai recently dispatched its envoys throughout the state to raise the profile of giving back to the community during its sixth annual boots-on-the-ground campaign. Read More »

The Dubai Chamber of Commerce and Industry has partnered with Action Care to donate more than 100 books to the National Charity School. Read More »

Sadara Chemical Company will supply chemicals to Saudi and South Korean consortium Surfactants’ Detergent Company (SDC), a joint venture that will build a chemical production facility in Jubail Industrial City’s PlasChem Park. Read More »