The recent sale of Jordan Kuwait Bank by Burgan Bank Group (BBG) has created more capital for the company and offered opportunity to expand in the coming years. Read More »

Oman Marketing Inc. will act as the think tank for the real estate and tourism sectors of the Oman Tourism Development Company (Omran). Read More »

Construction in Bahrain was the focus of a recent meeting for the Bahrain Chamber of Commerce Quarters. Read More »

Dubai was ranked as the 16th most innovative city by a recent index designed to compare 28 global cities on macroeconomic measures of innovation. Read More »

Qatargas 2, a joint venture between Qatar Petroleum, ExxonMobil and Total, has entered into a deal to provide liquified natural gas (LNG) to Pakistan State Oil (PSO) over the next 15 years. Read More »

In a recent interview with CNBC Arabiya, Kuwait Finance House (KFH) CEO Mazin Al-Nahedh explained that KFH continues to focus on long-lasting profitability and gave financial results from 2015. Read More »

The Middle East Rail event, scheduled to take place March 8 and 9 in Dubai, will feature work by international engineering company Sener. Read More »

The Africa-Arab Partnership recently hosted a three-day event with continuous meetings discussing trade, investment, transport, communication and energy. Read More »

Omantel and Xtera Communications Inc. announced a supply agreement that will result in the construction of the Gulf to Africa (G2A) system, a new submarine cable system connecting Oman, Puntland and Somaliland. Omantel and Xtera Communications said the G2A system will better the connectivity costs in Africa and add capacity to an underserved and quickly expanding region. Read More »

The Saudi Authority for Accredited Valuers (Taqeem) had an active role in the third forum of organizing religious endowments. Authority Secretary General Issam Al Mubarak was scheduled to deliver "The Valuation Authorities and their Roles in Maintaining Endowments" worksheet on Monday, the second day of the two-day forum being in Riyadh.  Read More »

Mohammed Thani Murshid Al-Rumaithi, chairman of the Federation of the UAE Chambers of Commerce and Industry and chairman of the Abu Dhabi Chamber of Commerce and Industry, discussed the development of a joint Emirati-Algerian investment forum in the second quarter of 2016 with Algerian Ambassador to the UAE Saleh Eitah during a recent meeting in Abu Dhabi.. Read More »

Italy's Finmeccanica attended the Bahrain Air Show 2016 as one company for the first time. Finmeccanica, a high technology industrial and aerospace business in Italy, is in the process of recognizing its groups. The company wants to focus its operations on defense, aerospace and security, and it sees the Gulf area as a good target for a strategic market. Read More »

The Dubai Chamber of Commerce and Industry, in collaboration with The Economist Intelligence Unit in the UAE, published a report that looks at Gulf investment into Africa and sheds light on the continent's most promising noncommodity sectors. The findings are based on desk research and interviews, Dubai Chamber of Commerce President and CEO Hamad Buamim told Gulf News Journal. Read More »

BP said it has reached an agreement with Oman Oil and the government of Oman that would facilitate further development of the Khazzan gas field. “I am delighted to see BP taking additional acreage that will result in realizing more gas reserves and more production of gas that our country needs to support our energy planning and requirements,” Oman Minister of Oil and Gas Mohammed Al Rumhy said. Read More »

A Tombazis villa in The Wave is a great option for those seeking privacy and space.The villa, listed by Better Homes LLC for $922,317, features large, open living spaces and a fully glazed atrium. The villa also has a fully fitted kitchen with modern appliances. Upstairs, there are three bedrooms. The master has walk-in wardrobes, an en suite bathroom and a large balcony. Read More »

Council of Saudi Chambers Secretary General Khalid Al Otaiby met with Mayor Erion Veliaj of Tirana, Albania, to discuss areas of economic collaboration between the two countries. The two leaders sought to emphasize the important relations that unite Albania and Saudi Arabia. The goal of the meeting was to sustain and build on these relations with ongoing delegation exchanges. Read More »

The Dubai International Arbitration Center (DIAC) welcomed Kazakhstan Minister of Justice Berik Imashev to Dubai to discuss trade dispute settlements and to facilitate cooperation, the Dubai Chamber of Commerce and Industry said this week. The DIAC, part of the chamber, specializes in offering alternatives to court settlements to regional and international businesses. Read More »

Medtronic unveiled its Valleylab FT10 energy platform aimed at helping surgeons increase their efficiency when performing critical patient procedures during the Arab Health Exhibition and Congress in Dubai. The platform can determine and precisely deliver the level of energy required during delicate surgical techniques. The platform is expected to be available in Kuwait next month. Read More »

The Emirates Post Group is celebrating the 50th anniversary of the Dubai Chamber of Commerce and Industry's creation with the release of commemorative stamps. “This launch not only marks the golden jubilee of the chamber but reflects on its role as a leading business facilitator and contributor to the emirate’s remarkable growth," Dubai Chamber President and CEO Hamad Buamim said. Read More »

Swedish biotech company Dilaforette AB will partner with Arabian Gulf University (AGU) in Bahrain to conduct a Phase 2 clinical trial of sevuparin, a medication for patients with sickle cell disease (SCD) experiencing acute vaso-occlusive crisis. “Our collaboration with Dilaforette is a landmark moment for both parties,” AGU President Khalid bin Abdul Rahman Al-Ohaly said. Read More »