The Business Year names managing director of Middle East region

Research and publishing firm The Business Year (TBY) recently appointed Betul Cakaloglu as the new managing director for its Middle East operations. She will be tasked with overseeing its operations in Abu Dhabi, Dubai, Kuwait, Oman, Saudi Arabia, Sharjah and Qatar. This includes managing TBY's government and partner relations, as well as expanding its coverage of the region. Read More »

India's Electrosteel establishes warehouse in Bahrain

Indian water infrastructure company Electrosteel Castings has set up a warehouse in Bahrain. The $6.6 million facility will serve as a regional hub for sales and distribution activities related to water projects in northern Middle East markets. Electrosteel, which produces ductile iron pipes and ancillary products, received support from the Bahrain Economic Development Board. Read More »

U.S. exports to Middle East region show decrease in 2015

The National U.S.-Arab Chamber of Commerce (NUSACC) said that U.S. exports to the Middle East and North Africa region decreased in 2015. NUSACC said exports to the region are estimated at approximately $67.4 billion, a 5.6 percent decline from figures reported in 2014. While overall exports decreased, NUSACC said that exports to the UAE and Saudi Arabia saw an increase. Read More »

Housing available in Arad, Ras Al Khaima and Barr Al Jissah

Estate Real Estate Management has listed a three-bedroom apartment in Arad for $822,086.The three-bedroom, three-bathroom apartment features an open hall, a large living room and a fully outfitted kitchen with many cabinets for storage of appliances and utensils. Light-colored tiles flow throughout the apartment, helping it seem larger and more open. Covered parking is available. Read More »

GlassPoint Solar partners with Oman-based CSR firm

GlassPoint Solar, a manufacturer of solar steam generators for the oil and gas industry, has enlisted the help of Sustainable Square Oman to devise a corporate social responsibility (CSR) strategy. Sustainable Square Oman, a CSR and sustainability consultancy firm, will offer GlassPoint guidance on programs that are expected to have the most positive impact for all stakeholders. Read More »

KPMG report finds Bahrain's financial industry benefits from low operating costs

For financial services institutions, the cost of doing business in Bahrain is lower than in Dubai or Qatar, a recent KPMG report said. “We are honored to be part of this important initiative and to provide an independent overview of the financial sector in Bahrain, a critical sector in the local economy,” Jalil Al Aali, KPMG's head of financial services in Bahrain, said. Read More »

Saudi Electricity orders six gas turbines to help meet peak demand

Saudi Electricity Company is once again enlisting the help of General Electric (GE) to meet the increasing demands for fast power in isolated areas of Saudi Arabia's grid. The Saudi Arabia-based electricity utility company has ordered six gas turbine packages for its existing power plants in Jizan and Tabouk. The turbines can serve as emergency generators if a power outage occurs. Read More »

Al Khaliji Bank earns four Banker Middle East awards

Al Khaliji Commercial Bank won four categories in the 2015 edition of the Banker Middle East Qatar Product Awards. The awards recognize banking products and services that are innovative or have successfully delivered in terms of financials performance. Al Khaliji Bank was awarded Best Call Center, Best Corporate Account, Best Current Account and Best Premium Banking Service. Read More »

Saudi Chambers Council discusses trade with ambassador to Korea

Secretary General of the Council of Saudi Chambers Khalid Al Otaiby met with Saudi Ambassador to Korea Riyadh Al Mubaraki to discuss trade relations between Saudi Arabia and Korea. Topics discussed included strategies to boost trade, including information exchanges, more business delegations and emphasizing the use of Saudi products by Korean firms working in Saudi Arabia. Read More »

Qatar Chamber, Swedish delegation discuss private sector partnerships

Qatar Chamber member Adel Abdulrahman al-Mannai received a delegation of Swedish trade officials in Doha.The Swedish delegation included the Swedish Ministry of Foreign Trade Ambassador of Trade and Promotion Max Bjuhr and Ambassador to Qatar Eva Polana. The group discussed how to build on trade relations between Sweden and Qatar, focusing on expanding private sector collaborations. Read More »

World Government Summit ends with signing of Dubai sustainable development charter

Representatives from more than a dozen cities and organizations from the Gulf region, Europe and Asia signed a charter Wednesday, the closing day of the World Government Summit in Dubai, aimed at charting a sustainable course for Dubai's development. The charter looks to forge a coalition of collaborative support to help design and lead a more sustainable course for the city. Read More »

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