Islamic Corporation for the Development of the Private Sector adds to sukuk listings

Islamic Corporation for the Development of the Private Sector (ICD) CEO Khaled Al Aboodi marked the listing of a $300 million sukuk on the Nasdaq Dubai by ringing the opening bell for the market on April 25. ICD functions as the private branch for Islamic Development Bank (IDB) Group, which currently holds seven additional sukuk worth approximately $8.05 billion. Read More »

Survey finds Qataris spend more on luxury than rest of region

 A recent study by American Express Middle East involving five Gulf Cooperation Council countries found that residents of Qatar spend approximately $4,000 a month, or about 12 percent of their average household income, on luxury items.The findings indicate Qataris spend more money on luxury goods than the rest of the region. The survey was conducted by Gfk.  Read More »

Impact Estate, Impact Interiors displays dazzle at Bahrain exhibition

Bahrain's Impact Estate and Impact Interiors displayed a rich selection of furniture and accessories complementing the firms’ distinctive architecture at the 2016 Gulf Property Show at Bahrain’s International Exhibition and Convention Center. "We are excited to offer new projects in the best district of Bahrain to our clients,” Impact Estate General Manager Oksana A.K. said. Read More »

Coral Muscat Hotel and Apartments celebrates its opening in Oman

Coral Muscat Hotel and Apartments, owned by Mustafa Sultan Enterprises, recently celebrated its official opening in Qurum during a ceremony that included Oman’s leading dignitaries and business executives. “We are truly proud to announce the opening of Coral Muscat Hotel and  Apartments,” Mustafa Sultan Enterprises Managing Director Abdulredha Mustafa Sultan said. Read More »

Saudi Arabia's Chemsbro signs distribution deal for water treatment product

Saudi Arabian specialty chemical consultant and provider Chemsbro signed an agreement with PWT, a subsidiary of H2O Innovation, for the distribution of its SpectraGuard antiscalant product. Chemsbro supplies will be utilized by seawater desalination facilities. "Chemsbro is delighted to establish a unique relationship with PWT,” Chemsbro CEO Nizar Kammourie said. Read More »

Qatar to host energy, sustainability summit for Gulf nations

Qatar has been chosen to host the Clean Energy & Sustainability Summit in November, sponsored by the Gulf Organization for Industrial Consulting, in association with the Abdullah Bin Hamad Al-Attiyah Foundation for Energy and Sustainable Development, a Qatar-based think tank dedicated to curbing the rise in energy consumption. The convention will be held Nov. 14-15 in Doha. Read More »

What You Can Buy

This lovely villa backs to a pool and park in Dubai's sought-after The Springs residential development. The villa features a spacious floor plan with 2,456 square feet of living space and includes a sizable entrance area, an elegant combination living and dining room and a tasteful kitchen with a breakfast bar. The villa has decorative upgrades throughout.Add Teaser here Read More »

Dubai Electricity and Water Authority's road to success highlighted at forum

Dubai Electricity and Water Authority (DEWA) CEO and Managing Director Saeed Mohammed Al Tayer spoke of the utility’s dedication to develop processes and quality standards at the first Dubai Forum for Government Best Practice. During his speech, Al Tayer highlighted DEWA’s goal of optimizing it services by building an environment of excellence. Read More »

Saudi Hollandi Bank honored for customer, retail services

Saudi Hollandi Bank (SHB) recently earned accolades from the Middle East’s foremost authority on strategic business intelligence, The Asian Banker, for its loyalty rewards program, updated CRM system and high level of retail service. SHB won Best Retail Bank for the Kingdom of Saudi Arabia and Best Customer Relationship Management (CRM) in the Middle East for 2016. Read More »

OMD wins 11 awards at 2016 Festival of Media MENA in Dubai

Marketing performance company OMD recently received 11 awards at the Festival of Media MENA Awards 2016 in Dubai, which recognizes the best in media thinking throughout the Middle East and North Africa (MENA) region."These accolades are a testament to all the hard work that our teams put into their clients' campaigns," Omnicom Media Group MENA CEO Elie Khouri said. Read More »

Ajman Palace Hotel posts strong first quarter, but future of Gulf tourism may not be rosy

The Ajman Palace Hotel in the UAEs showed strong first-quarter revenues for the hotel, but in comments on the region’s tourism industry, some are questioning whether that rosy outlook will continue. Thomas Lippman, an author and journalist specializing in Middle Eastern affairs, believes the tourism business in the general region faces some headwinds. Read More »

Abu Dhabi Businesswomen Council's second entrepreneurship awareness campaign underway

The Abu Dhabi Business Women Council (ADBWC) has begun its second entrepreneurship awareness campaign aimed at encouraging innovation in Abu Dhabi. The campaign, which began April 21 and runs through October under the title "Creativity and Innovation in Business Sustainability in Abu Dhabi," focuses on promoting a culture of entrepreneurship among UAE women. Read More »

National Bank of Kuwait applauds Clean Fuels Project

National Bank of Kuwait (NBK) CEO Salah Al Fulaij said the Kuwait National Petroleum Company's Clean Fuels Project is a boost for the local economy and elevates Kuwait's global standing. Al Fulaij said that NBK’s noteworthy reputation, professionalism and credibility are confirmed through the company’s involvement with the project during a signing ceremony for project financing. Read More »