NBK Capital Partners sold its equity investment in Kiliç Deniz, an aquaculture company based in Bodrum, Turkey. This is the sixth sale for NBK out of eight investments across the MENA region. NBK is a investment manager that holds over $750 million in assets, and Kilic Deniz specializes in sea and fresh water fish production. Yaser Moustafa commented on the sale. Read More »

Sheikh Turki Bin Faisal Al Thani, chairman of Qatar's Catalyst LLC, emphasized the need for his nation to become the region's leader in e-commerce during Qatar's E-Commerce Forum 2015 Tuesday. Catalyst LLC signed an MOU ealier in March to establish a joint venture company, 004 Arabia,in Qatar, bringing a complete suite of e-commerce services to Qatar and the MENA region. Read More »

The Saudi-based tourism company Elaf Group launched a series of strategic marketing tours Tuesday to seven countries in order to boost Saudi Arabia's tourism industry. The marketing tour will travel to Egypt, Turkey, Morocco, Indonesia, Tunisia and the United Kingdom to present travel packages to tourists planning to visit Saudi Arabia while promoting tourist attractions. Read More »

The Middle East’s investment banks recorded 22 percent less in fees over the first nine month of 2015 than last year says Thomson Reuters' quarterly investment banking analysis for the region. Thomson Reuters estimates Middle Eastern investment banking fees reached just above $480 million during the first quarter of 2015, which makes it the worst third-quarter total for the region. Read More »

Oil company Petroleum Development Oman (PDO) hosted a workshop Oct. 20 for SMEs in Oman. The goal of the event was to educate SME representatives about how they could get into business with PDO. The half-day workshop, which took place at PDO's Learning Development Center at Mina Al Fahal, was attended by about 75 business people and local community contractors. Read More »

In Dubai's waterfront Jumeirah Beach residential community, this lovely, three-bedroom apartment boasts a spacious floor plan with 1,985 square feet of living space and breathtaking beach views. The apartment has a sizable combination living and dining room, as well as a stunning modern kitchen with striking countertops, handsome cabinetry and stainless steel appliances. Read More »

The Coca-Cola Co. signed a deal to make its products the only soft drinks available at movie theaters owned by the Bahrain Cinema Company, the kingdom’s entertainment industry market leaders commonly known as Cineco. As part of the deal, Coca-Cola will bring its "Cinema Tower” drink machines to Cineco's theaters in Bahrain so that customers will spend less time in line. Read More »

Dubai Civil Defense, which organizes fire and emergency services for the emirate, recently launched the Personal Dashboard, allowing Dubai residents and visitors to easily connect to Dubai Civil Defense services online. The goal is to empower users by connecting them to the services they need, and making their daily interactions with city services more efficient and seamless. Read More »

Etisalat, the UAE-based telecommunication services company, partnered with the Fujairah Free Zone Oct. 18 in the wake of Dubai’s GITEX Technology Week. The Emirates Telecommunications Corporation, which operates under the Etisalat brand name, will work to provide improved telecommunication and ICT services to companies operating in Fujairah Free Zone Authority. Read More »

TAKELEAP is a new virtual real estate tour tool that has built upon previous virtual real estate tour platforms My Virtual Home and Zayed Communities. My Virtual Home and Zayed Communities were launched in 2014 for the Sheikh Zayed Housing project, allowing users to take visual tours of potential properties with a multilingual and interactive interface. Log on to www.takeleap.com. Read More »

Three new hotels owned by Best Western Hotels & Resorts were recently opened in Saudi Arabia, including the Best Western Plus Riyadh, the Best Western Dammam Hotel and the Best Western Olaya Hotel. The company expects to open 20 hotels in the Middle East by the close of 2016. All of the hotels feature free Wi-Fi, onsite full-service restaurants and fitness and business centers. Read More »

Bahrain’s Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa visited Diyar Al Muharraq, the largest private urban development project in the kingdom, Oct. 18 to inspect a Chinese-themed retail and wholesale district dubbed “Dragon City.” Al Khalifa and a delegation from his office were welcomed to the artificial island development by Diyar Al Muharraq officials. Read More »

The global publishing firm Oxford Business Group (OBG) will soon release “The Report: Saudi Arabia 2015,” detailing the kingdom’s economy with a particular emphasis on how technology is impacting Saudi Arabia’s banking sector. Banking in Saudi Arabia is in flux as increasingly tech-savvy customers turn to their electronic devices to access their banking services. Read More »

An Embassy of Oman study shows that the majority of Brazilians hold Arabs in high regard and have a positive perception of nations in the Arab world. The survey interviewed 741 men and women from various age groups and regions in Brazil. Around 97 percent of Brazilians interviewed described Brazil’s Arab population as hard workers and another 93 percent said Arabs are respectful. Read More »

Dubai’s Roads and Transport Authority will switch over company vehicle registration renewals from customer service centers to electronic and smart channels at the start of November. The switchover will act as a pilot program as the RTA prepares to migrate all vehicle registrations to online methods next year. The move is part of Dubai’s major effort to create a "Smart Government." Read More »

The international technology giant IBM will provide its cognitive computing system, known as “Watson,” to Dubai’s Smart Government initiative. The technology will be provided to the Dubai Smart Government Department and the Dubai Department of Economic Development with the goal of transforming government services with smart technology. Watson was shown off at a press conference. Read More »

As India works to advance the manufacture of electronics in the country, the United Arab Emirates (UAE) has emerged as the biggest importer of Indian electronics in the Eurasia region. Since the start of 2014, India has sold more than $440 million worth of electronic products to the UAE. That makes the Emirates India’s second-largest electronics export destination in the world. Read More »

Power electronic systems provider AEG Power Solutions will showcase its latest products, the Uninterruptible Power Supply and Industrial chargers, Nov. 9 to Nov. 12 at the Abu Dhabi International Petroleum Exhibition & Conference. They will also showcase their Protect 8 UPS system, which was created to provide consistent power in the face of the most-challenging environments. Read More »

If relaxation is your aim, the one bedroom villa in the Cove Rotana beach resort is a perfect option. The Ras Al Khaimah neighborhood is a popular place for families, visitors and those who are seeking a getaway. The private two-story villa features a sea view just off the patio. Unfurnished, the villa also offers residents an opportunity to create their own luxurious getaway. Read More »

With its recent acquisition, Aster DM Healthcare now has a 97 percent stake in Sanad Hospital in Riyadh, Saudi Arabia. Sanad has 250 patient beds, more than 100 physicians and surgeons as well as 800 employees. Aster DM Healthcare upped their ownership stake in Sanad Hospital by 57 percent earlier this month in an investment worth $245 million, giving it interests in six hospitals. Read More »