Petroleum Development Oman to enhance cultural, scientific learning

Energy exploration and production company Petroleum Development Oman (PDO) has entered into a deal with the Sultan Qaboos Higher Centre of Culture and Science (SQHCCS) that will enable both parties to share knowledge related to the oil and gas industries.Under the Letter of Understanding (LoU), PDO will be able to participate in SQHCCS programs and provide staff members with information on issues such as safety and management, environment and occupational health, and lean business efficiency. Read More »

Central Bank of Bahrain updates property development laws

Central Bank of Bahrain Governor Rasheed Mohammed Al Maraj issued a decree on property development management, appointing a secretary of real estate development in compliance with a 2014 law for more effective oversight. The resolution pertains to the administration of real estate development escrow accounts and financial agencies involved in future property development projects. Read More »

Heriot-Watt University plans to positively influence UK exit from EU

Heriot-Watt University, a university with campuses in the United Kingdom and Dubai, said it will work with Universities Scotland, Universities UK (UUK) and other universities to influence exit negotiations after the U.K.'s vote to leave the European Union (EU). Heriot-Watt, a global university, noted that nothing will immediately change as a result the referendum decision. Read More »

Oman Air supports Oman initiatives for special needs citizens

Oman Air said it will continue to support the Ministry of Social Development’s (MOSD) initiatives and will look to grow programs that support people with special needs and those with low incomes. “As the national airline of the sultanate of Oman, Oman Air is proud of its role in working with the MOSD to improve the life of our nation,” Oman Air CEO Paul Gregorowitsch said. Read More »

Maersk Group has a new CEO

Maersk Line CEO Soren Skou has been chosen to head parent company A.P. Moller-Maersk Group, a global conglomerate, which maintains a regional office in Bahrain and operates five core businesses across the shipping, logistics and energy industries. "I am excited about the opportunity to lead A.P. Moller-Maersk into the next phase of our strategic development," Skou said. Read More »

Qatar Chemical wins Chevron Phillips Chemical President's Award

Qatar Chemical Company (Q-Chem) said it recently received the President’s Award for Operational Excellence (OE) in the large petrochemical manufacturing facility category of the 2015 Chevron Phillips Chemical Company LLC award program. Chevron Phillips Chemical presents the annual award to the “best of the best” of its facilities and company affiliates. Read More »

Qatar Islamic Bank marked Eid with special hours

Qatar Islamic Bank (QIB) opened three branches in the evening hours of the second day of Eid for customers’ convenience. Qatar’s leading Islamic bank said The Gate Mall, Dar Al Salam and City Centre branches opened the second day of Eid according to regular banking hours. All 31 branches resumed their normal operating hours in the morning and evening shifts after Eid. Read More »

World Bank conference on Islamic banking to shed light on post-oil economic scenarios

The Accounting and Auditing Organization for Islamic Financial Institutions will host the 11th edition of the World Bank Annual Conference on Islamic Banking and Finance on Nov. 6-7 in Bahrain. Islamic Finance in the Post-Oil Economic Scenario will be the theme of the conference, being held in collaboration with the World Bank and under the auspices of the Central Bank of Bahrain. Read More »

GCC Commission of Banking Institutes and Colleges meeting puts stress on education

The Bahrain Institute of Banking and Finance (BIBF) took part in the recent Gulf Cooperation Council (GCC) Commission of Banking Institutes and Colleges meeting in Saudi Arabia that focused on the exchange of experience and knowledge between institutes in the Gulf region and the development of ways to support banking and finance education. Read More »

Dubai Women's College honors staff in first-ever award ceremony

Higher Colleges of Technology (HCT) - Dubai Women’s College (DWC) recently held its first award ceremony to recognize faculty and staff for their contributions throughout the 2015-16 academic year. DWC Director Tarifa Al Zaabi oversaw the event and shared a report on the college’s overall achievements. The report preceded updates for the college’s academic and service departments. Read More »

GCC countries' plans to implement value-added tax putting businesses in bind

Gulf Cooperation Council nations are planning a radical shift in tax policy, with the U.A.E. and Qatar as early adopters of a new value-added tax (VAT), and Kuwait, Saudi Arabia, Oman and Bahrain planning to implement the tax within two years. The pending tax policy is shaking up the accounting market as businesses scramble to secure the personnel they will need to complete paperwork. Read More »

Abu Dhabi University celebrates accreditation, honors staff and faculty

Abu Dhabi University recognized its faculty and staff during a celebration marking the end of the academic year, praising the staff for its contribution in helping the students and school achieve administrative and academic goals and helping the university achieve accreditation from the Western Association of Schools and Colleges: Senior College and University Commission. Read More »

DEI photo services contract to enhance theme park experience at IMG Worlds of Adventure in Dubai

IMG Worlds of Adventure, set to open Aug. 15 in Dubai, will be the biggest indoor theme park of its kind, with major components that will include Cartoon Network- and Marvel-themed areas and the Lost Valley Dinosaur Adventure. DigiPhoto Entertainment Imaging (DEI) has won a contract to provide digital photography services such as souvenir pictures and augmented reality 3-D images. Read More »