For the second year, the Islamic Financial Services Board (IFSB), an international organization that sets standards for the promotion and advancement of the stability of the Islamic financial services industry, has released its Prudential and Structural Islamic Financial Indicators (PSIFIs) from 16 member countries. Read More »

The International Conference for the ninth annual cycle of the Mohammed Bin Rashid Al Maktoum Business Award began Tuesday. This year, the Mohammed Bin Rashid Al Maktoum Business Innovation Award will be presented. The Mohammed Bin Rashid Al Maktoum Business Award was launched in 2005 by Mohammed Bin Rashid Al Maktoum in an effort to advance sustainable economic development. Read More »

Trecora Resources, a joint stock company in Saudi Arabia, received additional licenses Nov. 16 to progress in joint ventures based in Saudi Arabia. These specific licenses apply to the company’s partnership with the Al Masane Al Kobra Mining Company (AMAK), which has zinc as well as copper mines located in Saudi Arabia. Trecora Resources is the original manufacturer of AMAK. Read More »

Wabtec Corporation accepted an order to manufacture components for freight cars, such as electronically controlled pneumatic braking equipment. Wabtec is a manufacturer of services and products that are made with technology for rail and similar industries. The company and its subsidiaries create a variety of products for freight cars, locomotives and passenger transit vehicles. Read More »

Impact Estate w.I.I., earned three Arabian Property Awards at the Africa and Arabia International Property Award Summit.This year’s awards include the Highly Commended Real Estate Brokerage Award, the 5-Star Award for Best Real Estate Consultancy and the Highly Commended Real Estate Marketing Award. There were hundreds of nominees, with many located throughout 25 nations. Read More »

Swiss International opened its first extended stay hotel Wednesday within the brand name of Swiss International The Residences, located in Jeddah, Saudi Arabia. This is the third hotel that the company has opened in Saudi Arabia. Previous hotels by the company include the Swiss International Park hotel as well as the Swiss Spirit Hotel & Suites – Turaif, which has 46 rooms. Read More »

Acer partnered with Al Seeb Technical Establishment LLC for distribution throughout the region of Oman. Per the agreement, SARCO will be responsible for handling Acer's distribution. This allows the company to send products directly to the Oman Sultanate. The signing of the document was witnessed by 50 valued partners from Acer. All of the partners will benefit from the deal. Read More »

The Oman Oil Marketing Company launched a happiness campaign across Oman to encourage joy throughout the Sultanate. The month-long campaign is called "Farah." It features a variety of events and activities that will be under the operation of a team from omanoil. Some social media enthusiasts as well as popular radio stations located in the Sultanate have collaborated. Read More »

Ericsson Middle East and Africa region President Rafiah Ibrahim was named as one of the Top Executives located in the Middle East by Forbes Middle East Thursday. The listing includes 100 of the area’s top executives. Ibrahim ranked at No. 15. The executives were honored with a ceremony at Global Meets Local Awards and hosted by Forbes Middle East in Dubai, United Arab Emirates. Read More »

“The Future of Audit” was recently held by notable leaders in the audit area to transform Oman by encouraging Omanisation and competition with worldwide trends. Abu Timam Grant Thornton, a top international advisory and assurance firm, and the Association of Chartered Certified Accountants, which is the top worldwide professional accountancy body, organized the event. Read More »

Ericsson and Ooredoo Group, headquartered in Qatar, finalized a memorandum of understanding that unites the companies in a project to develop 5G technologies. The goal is to create technology requirements, cases and deployment scenarios for next generation network developments. The two companies will determine the adequacy of the applicability and performance of possible 5G components. Read More »

Officials with the 158th General Assembly of the Bureau International des Expositions recently named Dubai as the host for the 2020 World Exposition.The 168-member governing body voted unanimously in support of Dubai’s plans for the world exposition that were sent in the Expo 2020 registration document. This will be the first world's fair ever held in the region. Read More »

The Saudi Arabian delegation to the B20 Summit recently called on governments around the world to root out corruption in an effort to create a more fair and stable global economy. The B20 Summit is a part of the yearly G20 summits. The B20 Summit acts as a forum for the business communities in those countries. This year’s summit was held in Antalya, Turkey. Read More »

A partially furnished apartment with beach access is now available in Qanat Quartier at The Pearl. The 1,840-square-foot apartment has three bedrooms, three bathrooms and a balcony that offers a view of the sea. For resident comfort and convenience, the apartment is equipped with central air and heating, built-in kitchen appliances and built-in wardrobes that offer ample storage space. Read More »

Property Hunter Real Estate has listed a three-bedroom apartment with sea views in the Porto Arabia area of The Pearl for $1,181,059.10. The impressive home gives residents 2,949 square feet of living space within three bedrooms, a maid’s room, fully equipped kitchen, two bathrooms and expansive living areas. Residents will enjoy the high-end finishes in the kitchen.   Read More »

Fitch Ratings said that Kuwait has issued new rules for the Gulf nation’s Shariah-compliant sukuk market that could inject life into its Islamic finance sector. Financial experts at the American credit rating agency suggest the new framework put forward by the Capital Market Authority of Kuwait (CMA) could revitalize the country’s private-sector Islamic bond market. Read More »

The Middle East Heavy Oil Congress (MEHOC) set to work in Manama, kicked off this year with a keynote from Bahrain's Minister of Energy and Chairman of the National Oil and Gas Authority, Abdul Hussain bin Ali Mirza. Read More »

The Qatar Leadership Academy, part of the Qatar Foundation, signed an agreement with Aspire Academy that allows the two educational organizations to collaborate in developing Qatar’s academic and sports leaders of the future. Aspire Academy puts a focus on sports and physical activities; Qatar Leadership Academy is a military school that sets high academic standards for cadets. Read More »

The results of the Dubai Innovation Index are in, and they show that the most populous city in the United Arab Emirates is further ahead in commerce and industry innovations than such major cities around the world as Shanghai, Madrid and Moscow. The index, a project of the Dubai Chamber of Commerce with assistance from auditing firm PwC, ranked Dubai No. 16 of the 28 cities ranked. Read More »

The Sharjah Book Authority joined more than 500 publishing houses this week at the 40th annual Kuwait International Book Fair. Sheikh Salman Sabah Al-Salem Al-Humoud, Kuwait's minister of information and minister of state for youth affairs, visited SBA's booth shortly after the fair opened. The SBA is focused on showcasing writers and their roles in the emirate's society. Read More »