Bahrain explores educational partnership with Finland's Metropolia UAS

Bahrain's reputation for education and its location near the Gulf Cooperation Council countries makes the country a potential market for Metropolia UAS, which has had several contacts related to education export with the public and private sector.  The Bahrainian princess' visit reinforces the country's interest in the potential cooperation opportunities with Finland. Read More »

Saudi Arabia beefs up plans for aviation sector privatization

Saudi Arabia’s General Authority of Civil Aviation plans to expand privatization programs in the nation’s aviation sector to accommodate the rapid growth of passenger numbers; Sulaiman Al-Hamdan, president of GACA, said that the authority’s move to privatize a number of international and national airports is aimed at improving services and raising overall quality for airline passengers. Read More »

Consumer Price Index report shows rising cost of living in UAE

This year’s overall Consumer Price Index (CPI) report shows prices for goods in the United Arab Emirates (UAE) has been on the rise over the past two years; a CPI report measures the change in the price for a basket of consumer goods and services commonly purchased by households, and the CPI in the UAE has increased by 0.92 percent between the end of July and August just this year, while it increased by nearly five percent compared to its value at the end of Aug. 2014. Read More »

Saudi Aramco partners with Lanxess for synthetic rubber venture

One of Saudi Aramco's subsidiaries, called Aramco Overseas Company, has signed a joint venture agreement with the German specialty chemicals company Lanxess to create a new synthetic rubber company, splitting everything in half; the new company would develop, produce, market, sell and distribute the synthetic rubber used in the global tire industry, auto-parts manufacturing and a wide range of other applications. Read More »

GE issued license to establish technology center in Kuwait

The Kuwait Direct Investment Promotion Authority has issued an investment license to General Electric to enable the global company to establish the GE Kuwait Technology Center as a limited liability Kuwaiti company, Times Kuwait reported. The technology center will receive an investment of approximately $82.9 million to encourage research and development in energy generation in Kuwait. Read More »

Qatar highlights sustainability, food security efforts at Expo Milano 2015

Qatar is showcasing its national commitment to environmental sustainability and healthy, plentiful food for all as part of the Weill Cornell Medical College’s (WCMC-Q) Qatar Pavilion at Expo Milano 2015; Expo Milano is this year’s World’s Fair and is one of the biggest events of its kind in the world, with more than 140 participating countries and 20 million visitors over a six-month period. Read More »

What You Can Buy

This stylish, two-story villa is tucked onto a cozy and well-landscaped lot in Dubai's sought-after The Springs residential development. Boasting a spacious open floor plan with 2,246 square feet of living space and stunning, unobstructed lake views, this villa has great features and amenities throughout. The main floor has a combination living and dining room. Read More »

Topaz Energy purchases subsea vessels from Norway's Vard Brattvaag

Topaz Energy and Marine has purchased two Subsea vessels from Vard Brattvaag in Norway, which are worth approximately $115 million (USD) and are set to include 120-ton heave compensated offshore crane, capable of reaching depths as low as 3,000 meters below sea level; the vessels were developed for light subsea construction with intervention duties, and they are expected to be delivered sometime in 2017. Read More »

EMC Egypttoday announces new vice president

Per a recent announcement, Mohamed Talaat has been named the new vice president for EMC Egypttoday, as a result of which he will be gaining responsibility for the Saudi Arabia, Turkey, Egypt and Libya coverage areas; Talaat will be based out of Riyadh and will be responsible for the company's strategy to strengthen both the business environment and overall economic opportunities in each of these countries. Read More »

El-Assra named partner in Morgan Lewis' Dubai office

The international law firm Morgan Lewis has strengthened its international finance capabilities with the addition of Tarek El-Assra as a partner in Dubai. With his background handling matters for clients in the United Arab Emirates and Saudi Arabia, El-Assra will collaborate with the firm’s global finance, debt capital markets, and restructuring teams around the globe. Read More »

British solar company Hive Energy establishes first international office in Dubai

The United Kingdom-based solar energy developer Hive Energy opened its Middle East Regional Headquarters in Dubai earlier this week, marking the company’s expansion into the international solar energy market. The office is part of Hive Energy’s growth and diversification strategy, which calls for moves beyond the U.K. Hive Energy’s new office will be headed by Colin Loubser. Read More »

What You Can Buy

A large two-bedroom apartment in ZigZag Tower is available for $595,990. With approximately 1,819 square feet of living space and a maid’s room, this property is perfect for a small family. The apartment features two bedrooms, two bathrooms and a fully outfitted kitchen. There’s lots of storage with built-in wardrobes, and central air and heating control the environment. Read More »

Pacific Controls Cloud Services adopts VMware network program

With Dubai-based Pacific Controls Cloud Services (PCCS) recently joining VMware, Inc.'s vCloud Air Network Program, the IT as a Service company will be able to offer cloud-hosted virtual desktops and applications. PCCS plans to leverage the Horizon DaaS Bundle of VMware to deliver a full windows desktop and applications from its cloud for access by any device from anywhere. Read More »

Majed Al Khan takes over as CEO of Gulf Holding Company

With more than 15 years of experience in the real estate sector, project development and investments, Al Khan will be focused on delivering the Villamar project, a luxury mixed-use residential project in the Bahrain Financial Harbor that previously was brought to a halt by delays. He also will oversee the reorganization and restructuring of the Gulf Holding Company. Read More »

Texas de Brazil opens restaurant opens in Dubai

Texas de Brazil teamed up with Gourmet Gulf to open its first restaurant in Dubai on Monday in the Mall of the Emirates. Texas de Brazil's menu combines the cuisine of southern Brazil with the Texas culture for a unique experience in fine dining. The new 5,550-square-foot restaurant features a chef's table, an open-view grill in the dining area and can accommodate 190 guests. Read More »

Oman Air receives its first Boeing 787 Dreamliner

Oman Air will receive its first Boeing 787 Dreamliner aircraft in October, an aircraft that will be used on flights from Muscat to Saudi Arabia and Europe; the inaugural flight will be attended by a special guest list that includes government officials, private organizations members and media representatives -- and after the special flight, the aircraft is to enter its scheduled service on Oct. 25 for regular flights. Read More »

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