Four-bedroom townhome in Qurum

Better Homes LLC has listed a four-bedroom townhouse in the Qurum area of Muscat for $519,480. This townhome is perfect for a growing family and located near Qurum Private School. The four-bedroom, two-bathroom multilevel unit is decorated with high end finishes, including Villeroy and Boch sanitaryware. The European-style kitchen features built-in appliances and vent hood. Read More »

Fitch downgrades Saudi Arabia; borrowing may have benefit

Fitch Ratings downgraded the long-term foreign and local currency Issuer Default Ratings of Saudi Arabia from AA to AA- as analysts cited a downward revision on oil price estimates and a widening of the central government deficit from 2.3 percent of GDP in 2014 to 14.8 percent in 2015. Fitch said the government will meet some of its financial needs by getting rid of foreign assets and borrowing. Read More »

Dubai Association Centre sees membership growth

Dubai Association Centre, which saw a boost in membership in 2016’s first quarter, said its total number of issued licenses now stands at 23, representing a 44 percent increase within three months. Altogether, seven new organizations gained access to the association. Members range from scientific organizations and natural resource distributors to advertising and other councils.  Read More »

Al Ruwayeh & Partners represents Kuwaiti financial groups in clean fuels project

Kuwait's most prominent corporate law firm, Al Ruwayeh & Partners (ASAR), represented Kuwait Finance House, National Bank of Kuwait and other Kuwaiti financial groups in connection with financing the Kuwait National Petroleum Company's (KNPC) clean fuels project. The project calls for the improvement of Mina Abdulla and Mina Al Ahmadi refineries. Read More »

International Monetary Fund Article IV mission assesses UAE economy

The Article IV mission of the International Monetary Fund (IMF) presented its valuation of the economic and financial performance of the UAE at a meeting with the Ministry of Finance to review the ministry's policies that boost the national economy. The IMF report noted the country’s ability to develop growth equal to twice the economic expansion of the eurozone. Read More »

Properties available in Jumeirah Lake Towers, Al Ghadeer and Marina Square

 A studio apartment in Saba Tower 2 at Jumeirah Lake Towers is listed for $221,889 by Binayah Real Estate. The 534-square-foot apartment is located on a lower floor of the tower and has a view of a nearby park. There is an open kitchen and a single bathroom in this studio, which offers built-in wardrobes, central air conditioning and covered parking. Pets are allowed. Read More »

RAK Hospitality's restaurant plans start with bringing Kona Grill to the UAE

RAK Hospitality Group, a major asset owner and portfolio manager for the emirate of Ras Al Khaimah, is preparing to unveil a new set of American restaurants in the United Arab Emirates. One such restaurant is Kona Grill, an American grill and sushi bar categorized as “premier casual dining." RAK Hospitality Group will develop these restaurants through its subsidiary, Hakaya Collection. Read More »

Amnesty International finds exploited migrant workers in Qatar still unpaid, years after project ended

Dozens of migrant workers trapped in Qatar without passports, pay or even food have still not seen a penny of back pay more than four years after completing their construction project. Amnesty International researchers say the construction workers brought to Qatar by Krantz Engineering Company to build the Ras Laffan Emergency and Safety College have still not received payment. Read More »

KQIC Insured expands online service with KNET payment option

KQIC Insured, the premier insurer in Kuwait, recently launched a new electronic payment service and online service that allows customers to log onto the website, select the desired coverage and pay through KNET. “As part of our ongoing improvements and adaptations to our customers’ expectations and market demands, we are pleased to introduce the option of paying for personal insurances online via KNET,” KQIC CEO Hassan Al-Jaidah said. Read More »

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