SuperCasa luxury hotel just part of plans for Al Marjan Island in Ras Al Khaimah

As Ras Al Khaimah works to build its status as a worldwide luxury destination, one new hotel is getting a lot of attention, partially based on where it’s being built. Global developer SuperCasa is building a five-star hotel on Al Marjan Island. The hotel is happening as the Ras Al Khaimah Tourism Development Authority stakes out plans to bring more visitors to the emirate. Read More »

Saudi Eastern Province chamber signs memorandum to boost transparency in real estate sectors

A memorandum of understanding between professional services and investment management firm JLL and the Saudi Eastern Province Chamber of Commerce and Industry aims to make the residential, retail, office and hospitality real estate industries in the region more transparent. JLL will work with the chamber to improve the accuracy of information gathered within the market. Read More »

Kuwait-based Zain teams with Booking.com to offer digital customer rewards

Zain Group announced plans to expand to a digital partnership with online hotel reservation booking service Booking.com, to offer rewards to it customers and take its services to a higher level. Each existing Zain customer who arranges a hotel stay via booking.zain.com will accrue data or voice messaging credits to their account, depending on their country of residence. Read More »

VIVA Bahrain, CSG to create enterprise communications app

VIVA Bahrain is teaming up with CSG to develop a secure communication platform for businesses. "By partnering with CSG we are able to introduce, for our enterprise customers, a communications app that allows them to address the risks associated with widespread and increased use of consumer messaging apps," VIVA Bahrain Chief Wholesale and Enterprise Officer Saad Odeh said. Read More »

Tejar Dubai Youth Council, Investcorp to host workshops for young entrepreneurs

Tejar Dubai Youth Council, operating under the umbrella of the Dubai Chamber of Commerce and Industry, signed a memorandum of understanding (MoU) with Investcorp to organize a series of workshops and seminars for young entrepreneurs. The MoU aims to strengthen the coordination of the two organizations to promote the development of business skills among young entrepreneurs in Dubai. Read More »

Qatar chamber, incubation center joining forces to aid businesses

A recently signed memorandum of understanding (MoU) between the Qatar Chamber of Commerce and Industry and the Qatar Business Incubation Center (QBIC) aims to support small businesses in Qatar and notes that the two groups will partner to develop training programs and exchange information and services that offer guidance and advice from experts in the appropriate sectors. Read More »

Abu Dhabi aims for ‘culture of excellence’ with institutional work development forum

To encourage partnership among different Abu Dhabi government organizations, the Abu Dhabi police force coordinated a workshop recently for the Abu Dhabi Excellence Program at the Executive Council of Abu Dhabi in Al Buteen. The forum served as a stepping-stone for dissemination of knowledge, skills and resources between 27 different factions of the government.  Read More »

Oman to expand, enhance transportation infrastructure

Oman Transport and Communications Minister Ahmed bin Mohammed bin Salim Al Futaisi said Omani leaders have launched plans to expand the country’s transportation infrastructure to bolster non-oil-based trade activity. Al Futaisi said Oman’s seaside ports, road systems and aviation channels stand to improve measurably with “billions of rials” invested into the respective modes. Read More »

Fitch Ratings deems Saudi bank secure during draft review

Fitch Ratings recently pronounced Saudi Arabia’s banks relatively safe from harm while the kingdom’s Draft Law on the Resolution of Financial Institutions undergoes a standard review. “The Saudi Arabian Monetary Agency, which supervises the banks, has a strong tradition of supporting the banking sector and, to date, no depositors or creditors of banks have lost money,” Fitch said. Read More »

Kuwait Economic Society sponsors economic diversification forum

The Kuwait Economic Society presented updates on the emirate’s developing role in the global economy with industry speakers and several roundtables at its recent eighth Scientific Forum in Kuwait City. Kuwait Economic Society Chairman Faisal Al-Bader detailed the significance of the forum and its potential role in diagnosing the glitches of economic imbalancein the emirate. Read More »

Adviser aids financing for Oman's Barka water project

Chadbourne & Parke LLC acted as an adviser on the financing related to Barka Independent Water Project in Oman. The group sponsoring the project includes GDF SUEZ, ITOCHU Corporation, Engie Energy International and W.J. Towell & Co. LLC. The project is being developed on a build-own-operate structure in accord with a water purchase agreement with the Oman Power and Water Procurement Company. Read More »

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