Topaz extends deal to supply BP with 14 ships in Azerbaijan

Dubai-based Topaz Energy and Marine signed an agreement with BP Exploration (Caspian Sea) Limited (BP) to extend current contracts for 14 offshore support vessels until 2023. Topaz will provide BP with 14 vessels for a five-year term with two one-year options to support BP's Azeri-Chirag-Guneshli (ACG) and Shah Deniz II fields in the Caspian Sea off of Azerbaijan. Read More »

Doha's Palm Tower is home to new Alliance Business Centers facility

Alliance Business Centers (ABCN) has expanded its growing business ventures in Russia, the Middle East and Africa region with a new business center in Palm Tower in West Bay, Doha's main business district. ABCN offers business services that include personalized telephone answering from trained receptionists, mail receipt and dispatch, administrative support and concierge services. Read More »

Euromoney Saudi Arabia Conference to address economic reform

Saudi Arabia's senior bankers and government leaders are scheduled to gather in May at the 11th Euromoney Saudi Arabia Conference in Riyadh, allowing the leaders to make plans for some of the largest financial changes in this generation. Saudi leaders intend to diversify the national economy so that it is not so dependent on its carbon sector and to plan a sustainable future. Read More »

Dubai chamber promotes trade route partnerships to CIS countries

Leaders from the Dubai Chamber of Commerce and Industry spoke in favor of increased partnership between the UAE and west Asian and Balkan countries during the first Commonwealth of Independent States (CIS) Global Business Forum last month. "The GCC and CIS countries share several similarities, and Dubai can be a valuable partner to the CIS," flydubai CEO Ghaith Al Ghaith said. Read More »

60 security professionals pass video surveillance training in UAE

Promise Technology Inc., in partnership with Business Automation and Security Systems (BASS), certified more than 60 specialists in system integration and security as part of its IP Video Surveillance Training Course in Dubai and Abu Dhabi. BASS provides video surveillance, access control systems and retail security solutions. Promise Technology is a developer of storage solutions. Read More »

Petroleum geoscience conference kicks off in Bahrain

The 12th Middle East Geosciences Conference and Exhibition welcomed energy industry professionals from more than 50 countries at its opening ceremony Monday at the Bahrain International Exhibition and Convention Center. "Today's Geosciences, Tomorrow's Energy" is the theme of this year's GEO, the largest petroleum geoscience conference and exhibition event in the Middle East. Read More »

Ominvest named a diamond sponsor for Oman Economic Forum

The Oman International Development and Investment Company Co. SAOG (Ominvest) was named a diamond sponsor for the Oman Economic Forum on March 23 and 24. This year's forum, titled "Oman: a Bridge between Asia and GCC," will discuss the most recent developments within the economy. The leaders will also discuss current investment opportunities and Omani-Asian economic relations. Read More »

Latest issue of treasury bills by Central Bank of Bahrain fully subscribed

The Central Bank of Bahrain (CBB) said Monday that this week's issue of $185.6 million in Government Treasury Bills has been fully subscribed by 112 percent.The maturity date of the bills, issued by the CBB on behalf of the kingdom of Bahrain, is June 8. The weighted average rate of interest is 2.01 percent, up slightly from the 2 percent rate for bills issued March 2. Read More »

What You Can Buy

Located on a high floor of the Shams building in Dubai's Jumeirah Beach residential development, this luxurious and fully furnished apartment features 1,375 square feet of living space and includes a stylish combination living and dining room with large windows that offer lovely community and sea views. The apartment also has an attractive, fully equipped kitchen. Read More »

Selevision chooses Verimatrix for security on new Seevi service

Saudi Arabia-based telecommunications service provider Selevision will protect its new Seevi entertainment service with Verimatrix's revenue security solution. The cardless solution secures service delivery over RF networks using server-side, two-way key management. Seevii delivers 200 HD and SD channels across a range of platforms including iOS and Android devices and a Web portal. Read More »

BECO Capital invests in first cybersecurity startup in MENA

BECO Capital, a Dubai-based venture capital firm, recently invested in Beirut-based MYKI, a cybersecurity startup that has developed the first advanced password and online identity manager in the region. “They are highly intelligent people who are focused and passionate about the problem and solution,” Amir Farha, BECO Capital's co-founder and managing partner, told Gulf News Journal. Read More »

Al Forsan Village project facilitates exceptional community living experience in UAE

Al Forsan Real Estate, the property arm of Abu Dhabi-based Al Forsan Holding, has unveiled an exceptional community living experience in the UAE. Located in the Khalifa City ‘A’ Area, Al Forsan Village is the first active and health focused mixed-use development in the UAE. The project aims to strengthen Abu Dhabi position as a sought after community living destination. Read More »

Qatar Airways to show off its Airbus A350 at India airshow

Qatar Airways will display its new-generation jetliner, an Airbus A350, next week at India Aviation 2016, India's largest civil airshow, featuring aerobatic shows, demonstration flights and many on-the-ground displays. “India’s Civil Aviation Sector: Potential as Global Manufacturing & MRO Hub" is the theme for the airshow, which begins Wednesday in Hyderabad. Read More »

Survey suggests reforming Saudi Arabia tax, business systems could bring in overseas investors

PricewaterhouseCoopers (PwC) Middle East has released its most recent tax survey that suggests that streamlining and clarifying Saudi Arabian taxes and business regimes could help the area’s businesses gain new overseas investors. Many people see Saudi Arabia as a low tax or “no tax” nation. Unfortunately, the actual tax system is complicated and challenging for leaders to manage. Read More »

U.S. firms launch ‘Ask America First’ campaign at energy show

Several U.S. companies sought to expand business ventures at the recent Middle East Electricity (MME) at the Dubai World Trade Center by promoting an on-site initiative called “Ask America First.” MME, the largest energy industry show in the Middle East, was held in early March during a time of increased pressure for a green future and a global trend toward renewables. Read More »

UAE offers integrated economic solutions that could aid CIS planning

The United Arab Emirates presented information about integrated economic solutions that could create strategic planning options for Commonwealth of Independent States at the recent Commonwealth of Independent States Global Business Forum organized by the Dubai Chamber of Commerce and Industry. These options could resolve issues concerning the volatility of the oil market. Read More »