Qatar Investment Authority coming to America, along with concerns about foreign diplomacy

Among the sovereign wealth funds that allow nations to make foreign investments in their national interests, the Qatar Investment Authority (QIA), representing the oil-rich Gulf state, is one of the wealthiest. This year, the QIA is poised to put $35 billion into a set of U.S. investments, including the buyout of a division of American Express and other key investments. The QIA also plans to set up a new office in New York. Read More »

Medtronic unveils Valleylab energy platform in Dubai

Medtronic unveiled its Valleylab FT10 energy platform aimed at helping surgeons increase their efficiency when performing critical patient procedures during the Arab Health Exhibition and Congress in Dubai. The platform can determine and precisely deliver the level of energy required during delicate surgical techniques. The platform is expected to be available in Kuwait next month. Read More »

Carlson Rezidor adds Muscat's Hormuz Grand to portfolio

Carlson Rezidor recently added the Hormuz Grand Hotel in Muscat, Oman, to the company’s luxury Quorvus Collection line of hotels. The Hormuz Grand boasts 231 guest rooms with iconic architecture and elegant amenities. Carlson Rezidor’s Quorvus Collection is the company’s new generation of “curated” luxury hotels, which must be opulent and inspired by the modern sensibilities. Read More »

Designed by Chicago firm, Saudi Arabia's Kingdom Tower will be world's tallest building

When construction is completed in 2020, the Kingdom Tower in Jeddah, Saudi Arabia -- at more than 3,281 feet -- will be the tallest building in the world.The building is a component of a new urban development project in Kingdom City. Kingdom Tower was designed by Chicago's Adrian Smith + Gordon Grill. It will cover over 5.7 million square feet and have more than 240 floors.  Read More »