Ritchie Bros., the world's largest industrial auctioneer firm, sold more than $42 million worth of equipment and trucks at an unreserved public auction in Dubai last week. The two-day auction set new Dubai site records for total number of bidders (920) and number of online bidders (400). Read More »

Abu Dhabi Ports, which develops, operates and manages the ports and industrial zones in the emirate, is handling more cargo than ever before. The Khalifa Port Container Terminal has seen container volumes increase in the first seven months of 2015. Read More »

A 485-square foot studio apartment is now available in Al Ghadeer. Listed by Property Shop Investment for $136,122.96, the apartment offers built-in wardrobes, central air conditioning and a kitchen. This apartment features a view of the complex's pool. Read More »

Qatar Airways’ world-class in-flight experience has been awarded the “Best Up In the Air” Experience award during the Future Global Travel Experience 2015. “We are honored to receive this coveted award,” Qatar Airways Group CEO Akbar Al Baker said. Read More »

As part of the strategic plan to strengthen Oman's position as a premier travel destination in the GCC and beyond, the Ministry of Tourism said Tuesday it organized an interactive event in Qatar to showcase the range of tourist activities in Oman. Read More »

The organizers of GITEX Technology Week 2015 have announced that Saudi Arabia will serve as the official country partner. Over the next five years, the kingdom’s ICT market is expected to expand at a compound annual growth rate of 8.1 percent. Read More »

Indonesian Finance Minister Bambang Bodjonegoro today rang the market-opening bell to celebrate the listing on Nasdaq Dubai of four Sukuk valued at $6 billion and issued by the Indonesian government under its Trust Certificate Issuance Program since 2012. Read More »

Award Deli, Dubai’s latest online grocer, attempts to take the guesswork out of buying new products with a delivery concept that only deals in award-winning products. According to its founder, UAE residents waste an incredible amount just trying products. Read More »

TURN8, a seed accelerator initiative founded by DP World to encourage entrepreneurship and innovation, has selected nine new startups for investment. The latest round follows a selection process to identify startups that have a promising business concept. Read More »

The Emirates Nuclear Energy Corporation (ENEC) successfully installed its Unit 2 Steam Generators (SGs) at Barakah, another safe and on-time milestone in the development of the country’s first nuclear energy plant. Read More »

The market intelligence specialists at Ipreo are partnering with the UAE-based advisory and technology firm Iridium to offer Ipreo's full suite of corporate services in the Middle East’s markets. Read More »

Cold Stone Creamery announced that Apparel FZCO has been presented with the Superbrands Excellence in Branding Award for 2015, the second time it's won that honor. The company won Customer Service Awards in 2013 and 2014, deeming them the industry leader for customer service in the Middle East. Apparel FZCO opened its first Cold Stone Creamery in 2007 in Dubai Festival City. Read More »

Doha Bank will be the first issuer of UnionPay cards Qatar as it entered into a strategic relationship with UnionPay International during a memorandum of understanding signing ceremony Tuesday. The partnership will allow prospective cardholders to freely transact in more than 150 countries without worrying about restricted acceptance and unsatisfactory exchange rates. Read More »

EQS Group AG, the German digital corporate communications firm, has announced that it will be expanding into the Middle East by means of a new partnership with the Dubai-based investor relations advisory firm Iridium; this new partnership will give GCC access to the range of digital investor relations solutions that are offered by EQS Group. Read More »

Nakheel, the Dubai-based master developer, signed a second management agreement with UK-based Premier Inn for a 250- room hotel at the Dragon City mixed-use master development on Sept. 10. The Premier Inn-managed hotel, which will be one of two hotels at Dragon City, is expected to open in 2018. Nakheel is planning nine hotels across Dubai over the next five years. Read More »

Saraya Bandar Jissah, the company developing Oman`s luxurious Integrated Tourism Complex in Muscat, is teaming with Bank Muscat and BankDhofar to finance building the ITC property. The $275 million deal is one of Oman's largest real estate transactions in recent years. Under the terms, funding for the first phase of the ITC development will be financed to Saraya Bandar Jissah. Read More »

As part of its wider growth plans, Saudia Group, a Qatar-based supermarkets and hypermarkets conglomerate, is entering the UAE market with the opening of Kenz Hypermarket in Ajman. Located in Hamidiya, the new hypermarket will offer a range of products including food, home essentials and apparel. Kenz Hypermarket will be a one-stop shopping solution for residents in Ajman. Read More »

The board of directors of the Dubai Islamic Economy Development Center (DIEDC) plans to launch a digital Islamic economy portal, which is a first-of-its-kind initiative for the Islamic economy: the portal is being designed to serve as a global reference for the burgeoning Shariah-compliant economic sector; the center plans to develop the portal with Thomson Reuters. Read More »

Sotheby's International Realty Affiliates LLC announced Tuesday its plans for the brand's expansion into five additional Gulf countries, complementing its existing presence in the United Arab Emirates. Within the next year, the brand's affiliate brokerage in the region, Gulf Sotheby's International Realty, is expected to enter Bahrain, Kuwait, Oman, Qatar and Saudi Arabia. Read More »

Compareit4me Group, which operates finance comparison websites across the Middle East, raised $3 million in venture capital funding that was led by STC Ventures, the venture capital arm of Saudi Telecom, with backing from Wamda Capital which is headed up by Aramex founder Fadi Ghandour and Dubai Silicon Oasis Authority completing the investment group. Read More »