The Dubai Chamber of Commerce and Industry and London-based Clyde & Co. LLP held a professional seminar in the chamber’s auditorium recently to illuminate details behind three recent UAE ministerial decrees. Titled “Latest Developments in the UAE Labor Law,” the event sought to educate constituents about how the decrees can affect private sector employment. Read More »

Omantel has been named among the world's top wholesale operators at the 2016 Mobile Virtual Network Operators (MVNO) World Congress last month.Omantel ranked second in the category of Best Wholesale Operator, behind UK provider EE (part of British Telecom Group). This recognition is the most recent addition to a number of awards and accolades received by Omantel. Read More »

Bahraini members of the Bahrain Chamber of Commerce and Industry's Bahraini-Turkish Joint Business Council, headed by Ahmed Bin Hindi, recently welcomed stakeholders from the Investment Support and Promotion Agency of Turkey (ISPAT) at the Bait Al Tijjar building in Riyadh. Guests included Turkish Ambassador to Bahrain Hatun Demrir and ISPAT Senior Adviser Mustafa Goksu. Read More »

Oman Air, known for its cultural stewardship, recently accepted an invitation from Muscat-based College of Banking and Financial Studies (CBFS) to jointly develop entrepreneurship among young Omanis as a gesture of support for aspiring businesses. The airline agreed to act as a strategic partner during the school’s recent Youth Entrepreneurship Competition. Read More »

As part of its strategy to reach out to promising markets, the Dubai Chamber of Commerce and Industry has opened a new international office in Mozambique's capital, Maputo. The new office, which is the fifth international office set up under Dubai chamber’s international expansion strategy, offers an outpost for UAE companies wishing to expand in sub-Saharan Africa. Read More »

Fisch Asset Management says changes to bond ratings in Saudi Arabia and around the Gulf could portend greater financial disaster in the region. In a press release last week, Fisch said the top takeaways were that Middle East credit ratings are likely to come under further pressure due to low oil prices and an increase in primary issuance will support market liquidity. Read More »

The Dubai Chamber of Commerce and Industry and IBM, under the umbrella of the Dubai Smart City initiative, recently launched the DubaiStartupHub, an online platform on IBM Cloud to support Dubai’s technology and startup ecosystem and provide integrated services and information. It offers a comprehensive search portal with a database and profile of Dubai-based tech startups and investors. Read More »

Members of the tourism committee of Asharqia Chamber of Saudi Arabia met with Bahrain Chamber of Commerce and Industry Chairman Khalid Al Moayed to discuss ways of boosting tourism and improving the economies of the two countries. The meeting concentrated on the tourism committees of both chambers collaborating their efforts to boost tourism between Saudi Arabia and Bahrain. Read More »

Thumbay Labs, a mainstay of the UAE’s lab industry that accounts for approximately one-fifth of the entire national market share, recently said it plans to open advanced testing facilities, widen its portfolio and further increase its production this year. The company’s strategy will focus on targeting specialized areas such as genetics, women’s health and children’s health. Read More »

Electric cars will become increasingly commonplace in Dubai as the Dubai Electricity and Water Authority's Green Charger initiative, begun in 2014, continues to fall into place, with charging stations planned at strategic locations throughout the UAE. The authority plans to convert to electric cars, stay on point as technology further evolves and encourage sustainable transportation. Read More »

Situated in one of Dubai's most prestigious residential development, this stylish villa has a bright and airy open floor plan with 2,650 square feet of living space and beautiful details throughout. The villa's ground floor includes inviting living and dining areas as well as a tasteful eat-in kitchen, a maid's room and a private study. Read More »

Adding more diversity and capacity to the communication traffic on the route between Asia and Europe, Omantel successfully laid the Asia Africa Europe-1 submarine cable system in Marseille, France. With the deployment of this project, which took a year and a half to complete, Omantel becomes the first GCC telecommunication provider to lay a submarine cable system in mainland Europe. Read More »

The 8th Compliance & Anti Money Laundering Seminar in Saudi Arabia, hosted by Thomas Reuters, was held Monday in collaboration with the Saudi Arabia Institute of Finance. While addressing the opening session, Saudi Arabian Monetary Agency (SAMA) Vice Governor Abdulaziz Al Furaih highlighted that SAMA anticipates obtaining a full membership at the Financial Action Task Force in June 2018. Read More »

Aspiring business owners in the emirates can get a boost toward realizing their goals through a partnership between aerospace firm Boeing, nonprofit group INJAZ UAE and the Dubai Chamber of Commerce and Industry's Tejar Dubai entrepreneur development program. The Start-Up Bridge Program offers support services to youth wishing to turn their concepts into commercial projects. Read More »

KQIC Insured, the premier insurer in Kuwait, recently launched a new electronic payment service and online service that allows customers to log onto the website, select the desired coverage and pay through KNET. “As part of our ongoing improvements and adaptations to our customers’ expectations and market demands, we are pleased to introduce the option of paying for personal insurances online via KNET,” KQIC CEO Hassan Al-Jaidah said. Read More »

Dozens of migrant workers trapped in Qatar without passports, pay or even food have still not seen a penny of back pay more than four years after completing their construction project. Amnesty International researchers say the construction workers brought to Qatar by Krantz Engineering Company to build the Ras Laffan Emergency and Safety College have still not received payment. Read More »

RAK Hospitality Group, a major asset owner and portfolio manager for the emirate of Ras Al Khaimah, is preparing to unveil a new set of American restaurants in the United Arab Emirates. One such restaurant is Kona Grill, an American grill and sushi bar categorized as “premier casual dining." RAK Hospitality Group will develop these restaurants through its subsidiary, Hakaya Collection. Read More »

Qatari telecommunications company Ooredoo recently announced that it will expand and enhance its nationwide mobile broadband network through a new deal with Nokia.The three-year agreement will give Ooredoo access to Nokia's 2G, 3G and 4G LTE radio network based on its Flexi Multiradio 10 Base Station technology and core elements such as its Evolved Packet Core solution. Read More »

Batelco, the first to launch 4G services, cloud services and VoLTE (Voice over LTE) technology in Bahrain, said it centralizes its strategic plan on innovation and first-class customer service to connect customers on the country’s most reliable network. Batelco is entering a new phase of development, centered on providing the best customer service possible. Read More »

 A studio apartment in Saba Tower 2 at Jumeirah Lake Towers is listed for $221,889 by Binayah Real Estate. The 534-square-foot apartment is located on a lower floor of the tower and has a view of a nearby park. There is an open kitchen and a single bathroom in this studio, which offers built-in wardrobes, central air conditioning and covered parking. Pets are allowed. Read More »