BankDhofar was a major supporter of the recently held entrepreneur event created by the Oman Ministry of Defense and the SME Development Fund to discuss business opportunities and challenges with regards to small and medium enterprises (SME). SME business owners joined representatives from government departments and private sector organizations in the three-day event. Read More »

Saraya Bandar Jissah, a luxury lifestyle development on the outskirts of Muscat, Oman, was showcased at the recent Cityscape Kuwait 2015, a regional platform for developers to share their latest projects with investors and real estate professionals. Developed by Omran and Saraya Oman, Saraya Bandar Jissah is being built on more than 230 million square feet of beachfront property. Read More »

A seminar called "Food Waste Management -- Innovative Practices" was held Sunday at the Dubai Chamber Sustainability Partnership, which was also in charge of organizing the event with the help of the French Business Council. In attendance were representatives of private companies working in the UAE in industries like hotels, caterers, food companies and food banking. Read More »

Drake & Scull Engineering recently won a $32.9 million Engineering, Procurement and Construction contract for the design, build and install of a chilled water distribution network in Dubai. The underground chilled water pipe network in the mixed-use development will feature pre-insulated pipes up to 1,200 millimeters in diameter totaling a length of 19.9 miles. Read More »

Bahrain’s Economic Development Board, chaired by Crown Prince Salman bin Hamad Al Khalifa, met recently to discuss $32 million in infrastructure and economic reforms aimed at fortifying the kingdom’s long-term development by lessening its reliance on oil. The reforms are part of a comprehensive restructuring project that also includes streamlining government costs. Read More »

National Bank of Fujairah recently announced that 14 UAE nationals have entered into the company’s management trainee program. The program is designed to help strong professional candidates receive training and career development opportunities. Those selected for the program go through a 12-month journey that trains them, gives them mentors and puts them through job rotations. Read More »

The fourth of Supreme Environmental Coordination Committee meetings was held in Dubai, allowing members of the committee from around the UAE to come together to discuss progress and implementation of procedures. One of the prime directives the meeting focused on was the enhancement of effective coordination between federal and local authorities as part of UAE Vision 2021. Read More »

The website was launched by the UAE General Civil Aviation Authority and the summit was organized under the patronage of UAE Minister of Economy and Chairmain of the GCAA Sultan Bin Saeed Al Mansouri with the primary focus of showing attendees investment opportunities in the UAE civil aviation industry, especially in areas of maintenance, repair, training and education. Read More »

Nielsen Saudia Arabia recently announced a partnership with the Jeddah Chamber of Commerce and Industry, an important business and service operation in the kingdom. The first-of-its-kind collaboration, declared during an official signing ceremony at the Jeddah Chamber Building, will give Jeddah’s business community access to Nielsen insights from the company’s global surveys. Read More »

During the 2015 Fort Lauderdale International Boat Show, held Nov. 5-9, the new 12-cylinder of the Rolls Royce MTU Series 2000 M96L yacht engine debuted. The 16-cylinder version of the engine, which made its debut in 2014, offers power ratings from 2,185 brake horsepower to 2,600 bhp. The engine’s new 12-cylinder configuration offers ratings from 1,700 bhp to 1,920 bhp. Read More »

The National Mobile Telecommunications Co. KSCP Ooredoo now has 23.9 million customers and posted $1.805 billion in nine months of 2015 as the digital world continues to grow in Kuwait and the surrounding region. The numbers signify a customer growth of 7.5 percent, but a 3.1 percent decrease in net profit compared with $1.863 billion for the same period in 2014. Read More »

Government officials, media representatives and well-regarded risk managers from Middle East and North Africa-based and international companies gathered recently at the RIMS Risk Forum Middle East. Throughout the first day of the forum, interactive panel discussions covered an update on the MENA insurance market, energy risk, political instability and cyber risk. Read More »

Alderley, a multi-disciplinary engineering company, has named Yasser Qari general manager for its Dammam division in Saudi Arabia. Qari is a graduate of the King Fahd University of Petroleum and Minerals in the field of electrical engineering. In addition to strong engineering skills, Qari has developed leadership through his work with Siemens, Schlumberger and Saudi Aramco. Read More »

Marriott International recently announced the signing of development plans for the first Residence Inn by Marriott in the UAE, to be called Residence Inn by Marriott Al Jaddaf. It is expected to be completed in 2019. Bahrain-based Trading and Investment Co. owns the property. Marriott International has 14 hotels in the UAE, but this will be the first Residence Inn. Read More »

A joint venture was formed between Brookfield Property Partners and Qatar Investment Authority for a development project in New York City. The estimated value of the completed project is $8.6 billion, with Brookfield selling a 44 percent interest in the development to QIA. The Manhattan West project is expected to be a five-building, 7 million-square-foot development project. Read More »

The Kuwait Chamber of Commerce and Industry and the National Fund for Small and Medium Enterprises Development met last week to discuss how they can work together to benefit Kuwaiti youth in freelance business and private sector business. KCCI Industry and Labor Committee Chief Fahad Al-Jawan and SME Fund Chairman Mohammad Al-Zuhair both attended the meeting. Read More »

The 35th Sharjah International Book Fair will not take place until Nov. 4-14, 2016, but registration has already been open for over two months. Registrations were open because of high demand from publishers and exhibitors to reserve space. The Sharjah Book Authority runs the SIBF, which had a world record 1.5 million different book titles from 64 countries at the 2015 edition. Read More »

Bahrain Chamber of Commerce and Industry CEO Nabeel Al Mahmood met recently with Tunisian Ambassador to Bahrain Mohammed bin Yousif to discuss business relations between the two countries. The meeting was intended to promote continued cooperation. Mahmood and Yousif also discussed the possibility of sending a Bahraini delegation to Tunisia to explore business opportunities. Read More »

The Oman Economic Review, Oman’s leading economic publication, has named Ooredoo as one of the Top 20 performing companies in Oman for the fifth consecutive year. Ooredoo Chief Financial Officer Jorgen Latte accepted the award from the publication on behalf of the telecommunications company. The award is based on growth of profit, earnings per share and share price growth. Read More »

Bahraini chocolate maker Chocolate & Co. said last week it expects to be able to produce up to two tons of chocolate a day beginning next year thanks to its new, larger production facility. The expanded capacity will double the company's current daily output. Chocolate & Co. officials said the company will support the expansion by also focusing on modernizing its equipment. Read More »