Emirates National Oil Company honored with deal of the year, best syndicated loan awards

The Emirates National Oil Company (ENOC) was recently awarded Deal of the Year in the corporate finance category in Dubai by the Islamic Finance News and 2015 Best Syndicated Loan in the Middle East at the EMEA Finance awards. The ENOC won Deal of the Year award for its nine-year, $1.5 billion dual currency syndicated debt transaction completed last year. Read More »

Dubai chamber introduces Human Capital Management smartphone app

The Dubai Chamber of Commerce and Industry recently introduced its Human Capital Management (HCM) smart app, part of Dubai’s Smart City initiative which is championed by Sheikh Mohammed bin Rashid Al Maktoum, UAE vice president and prime minister and ruler of Dubai. The HCM app is part of the chamber’s strategy to spur creativity and innovation in the private sector. Read More »

Bank Dhofar establishes $500 million Euro Medium Term Note program

Bank Dhofar has established a $500 million Euro Medium Term Note (EMTN) program and was recently advised by Dentons that the program has been assigned long-term senior unsecured provisional ratings of (P) Baa1 by Moody's and BBB (EXP) by Fitch. The National Bank of Abu Dhabi and HSBC partnered with Bank ABC, Credit Agricole CIB and BNP Paribas to arrange the program. Read More »

Social Development Center, Quatar Finance and Business Academy teaming up to empower youth

The Social Development Center (SDC) and Qatar Finance and Business Academy (QFBA) recently signed a memorandum of understanding (MoU) about empowering youth and helping broaden their professional choices, standards and capacities. The MoU is to help achieve the aspirations of Qatar National Vision 2030, which focuses on youth as a means and an end for development. Read More »

Warba Bank participates in American University of the Middle East career fair

Kuwait-based Warba Bank participated in the American University of the Middle East (AUM) career fair to help educate youth about Islamic banking. During the fair, bank representatives provided students with information about the Islamic work field and about Warba. The bank is eager to support youth capabilities and pave the way for graduates to join its workforce. Read More »

Dubai Smartpreneur Competition open to applicants

The Dubai Smartpreneur Competition to inspire initiatives based on intelligent living to transform Dubai into a smart city is open to applicants through May 7. The goal of the competition, co-sponsored by the Dubai Chamber of Commerce and Industry and Smart Dubai Office, is to encourage a high comfort level with technology. The contest is designed to inspire innovative approaches. Read More »

Boursa Kuwait takes over management of Kuwait Stock Exchange

Boursa Kuwait Securities Company (BKSC) said Monday it has taken over leadership of the Kuwait Stock Exchange’s daily functions in Kuwait City in accordance with strategic planning for the long-term health of the market developed by the Capital Markets Authority (CMA). The transition in leadership is expected to end Sept. 30 as Boursa Kuwait obtains proper licensing. Read More »

Qatar Airways to offer AIG travel insurance to customers

Qatar Airways has agreed to a collaboration with American International Group (AIG) that will implement Travel Guard insurance to customers of Qatar Airways when they book flights in Qatar, United Arab Emirates, Bahrain and Kuwait. There are currently three levels of coverage offered under the AIG Travel Guard insurance program, which are designed to meet the needs of the customers. Read More »

Live in Dubai: Jumeirah Village Circle or Sports City properties available

Artistic Property has listed a 3,600-square-foot townhouse in Dubai for $737,478. The townhouse has two floors above the ground floor an includes four bedrooms, each with en suite bathrooms and access to the balcony. The residence features a fitted kitchen and a maid’s room. The lobby and pantry are on the first and second floors, and there also is an elevator. Read More »

Qatar Petroleum, Saudi Aramco to be among exhibitors at 2016 World Energy Congress

Qatar Petroleum and Saudi Aramco will be among the exhibitors at the 2016 World Energy Congress, the influential energy industry gathering being hosted by the World Energy Council Oct. 9-13 in Istanbul. Among the already more than 170 confirmed speakers are BP Group CEO Bob Dudley, Econet Founder Strive Masiyiwa and International Energy Agency Executive Director Fatih Birol. Read More »