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 »

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 »

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 »

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 »

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 »

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 »

Global Traveler Magazine, a top business and luxury travel magazine, awarded Saudia its Publisher’s Recognition Award for Service Excellence and Reliability. Global Traveler Publisher Francis Gallagher said the airline’s ongoing improvements for quality service and the latest aircraft and entertainment systems has allowed Saudia to expand into a variety of markets. Read More »

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 »

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 »

As energy demands in the United Arab Emirates continue to grow, the nation is on track for completion of a massive nuclear power plant. The Emirates Nuclear Energy Corporation (ENEC) is seven years into a project that will bring nuclear energy to the UAE. The Barakah project, consisting of four APR-1400 reactors, is scheduled to be completed in 2020. Read More »

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 »

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 »

Dubai Chamber of Commerce and Industry leaders recently stepped up their efforts to prepare for the fifth Dubai-Hamburg Business Forum set for March 22 in the Dubai chamber's headquarters. The Dubai chamber and the Hamburg Chamber of Commerce organized the event seeking to improve the economic connections and trade relations between the two cities. Read More »

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 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 »

Bahrain-based construction company Haji Hassan Group recently announced it again will be a strategic sponsor of gulfBID 2016, which begins April 26 at the Bahrain International Exhibition Center. This is the second year the group is backing the annual exhibition that showcases products and services of the Gulf region's building and construction sector. Read More »

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 »

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 »

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 »

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 »