New website to enhance Qatari market transparency

The Qatar Ministry of Finance recently chose to initiate a new website to improve market transparency by announcing all of the future tenders that are part of the government. Links Group, one of the top suppliers of commercial facilitation and advisory services to Qatar, said the website will also assist with the public procurement process. The website will be operational in June. Read More »

Oman-based Petrogas to acquire PA Resources' North Sea assets

PA Resources AB agreed to sell its North Sea assets to Oman-based Petrogas E&P. The assets, which make up 24 percent of PA Resources’ interest in license 12/06 based in Denmark, include the company’s exploration licenses for the UK, the Netherlands and Germany and the Broder Tuck and Lille John discoveries. The transaction is estimated to officially close in the first quarter. Read More »

Kuwait's Boubyan Bank to offer contactless payment cards

Kuwait-based Boubyan Bank said it will soon provide contactless payment cards to its customers through a deal with Oberthur Technologies, a provider of embedded security software products, services and solutions for connection, authentication and payment purposes. The contactless payment cards will give bank customers a secure, quicker and more convenient shopping experience. Read More »

What You Can Buy

Located in Dubai's sought-after The Lofts development, this stunning duplex apartment boasts a spacious open floor plan with 1,413 square feet of living space, stylish architectural details and contemporary furnishings. The apartment features a large balcony, spacious living and dining areas and a tasteful modern kitchen with plentiful counter and cabinet storage space. Read More »

Apartments available in Al Furjan, Dubai Marina and Jumeirah Lake Towers

A one-bedroom apartment in the Azizi Residences at Al Furjan offers 820 square feet of living space, a study, a balcony with unique views, central air and a private garden. We Buy Your Property has listed the apartment for $225,703. Residents will enjoy the fact that this building is networked and that pets are allowed. There also is a shared pool and covered parking. Read More »

Dubai chamber's role in World Government Summit welcomed

Ohood Al Roumi, director general of the UAE prime minister’s office, welcomed the participation of the Dubai Chamber of Commerce and Industry at this week's fourth World Government Summit. Al Roumi acknowledged that the chamber characterizes the solid relationship between the public and private and that the chamber backs the UAE as an international epicenter for trade and finance. Read More »

The Business Year names managing director of Middle East region

Research and publishing firm The Business Year (TBY) recently appointed Betul Cakaloglu as the new managing director for its Middle East operations. She will be tasked with overseeing its operations in Abu Dhabi, Dubai, Kuwait, Oman, Saudi Arabia, Sharjah and Qatar. This includes managing TBY's government and partner relations, as well as expanding its coverage of the region. Read More »

India's Electrosteel establishes warehouse in Bahrain

Indian water infrastructure company Electrosteel Castings has set up a warehouse in Bahrain. The $6.6 million facility will serve as a regional hub for sales and distribution activities related to water projects in northern Middle East markets. Electrosteel, which produces ductile iron pipes and ancillary products, received support from the Bahrain Economic Development Board. Read More »

U.S. exports to Middle East region show decrease in 2015

The National U.S.-Arab Chamber of Commerce (NUSACC) said that U.S. exports to the Middle East and North Africa region decreased in 2015. NUSACC said exports to the region are estimated at approximately $67.4 billion, a 5.6 percent decline from figures reported in 2014. While overall exports decreased, NUSACC said that exports to the UAE and Saudi Arabia saw an increase. Read More »

Housing available in Arad, Ras Al Khaima and Barr Al Jissah

Estate Real Estate Management has listed a three-bedroom apartment in Arad for $822,086.The three-bedroom, three-bathroom apartment features an open hall, a large living room and a fully outfitted kitchen with many cabinets for storage of appliances and utensils. Light-colored tiles flow throughout the apartment, helping it seem larger and more open. Covered parking is available. Read More »

GlassPoint Solar partners with Oman-based CSR firm

GlassPoint Solar, a manufacturer of solar steam generators for the oil and gas industry, has enlisted the help of Sustainable Square Oman to devise a corporate social responsibility (CSR) strategy. Sustainable Square Oman, a CSR and sustainability consultancy firm, will offer GlassPoint guidance on programs that are expected to have the most positive impact for all stakeholders. Read More »

KPMG report finds Bahrain's financial industry benefits from low operating costs

For financial services institutions, the cost of doing business in Bahrain is lower than in Dubai or Qatar, a recent KPMG report said. “We are honored to be part of this important initiative and to provide an independent overview of the financial sector in Bahrain, a critical sector in the local economy,” Jalil Al Aali, KPMG's head of financial services in Bahrain, said. Read More »

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