Dubai welcomed 4.1 million overnight visitors in the first three months of this year — a 5.1 percent increase over the same period last year, according to numbers released by Dubai's Department of Tourism and Commerce Marketing (Dubai Tourism). Read More »

A shifting economy and a growing number of millennials entering the work force have caused Saudi companies to adjust their strategic plans for long-term success. Read More »

Encouraging women in the United Arab Emirates (UAE) to take up leadership and entrepreneurial roles, Dubai Quality Group will hold the 13th cycle of the Emirates Women Award (EWA) ceremony on May 23 at Four Seasons Resort Dubai. Read More »

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 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 »

In a general meeting of Emirates Integrated Telecommunications Company (du) in March, leaders announced a dividend of $0.05 per share for the second half of 2015 - total annual dividend for the company's stock is now $0.12 per share. Since then, company leaders have continued to work on delivering some of the aspects of their mission statements and goals that they have put online. Read More »

Oman Air teamed up with Checkport Switzerland to offer airline security personnel training on how to carry out an aircraft search. The training, held at Muscat International Airport, was provided as a way to enhance the safety of Oman Air passengers. It consisted of classroom-based sessions that focused on such topics as search procedures and instant emergency response. Read More »

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 »

The Dubai Chamber of Commerce and Industry said that the World's Retail Congress will be returning to Dubai next year. "The decision to host the annual World Retail Congress twice in a row in Dubai reflects the emirate’s leading status as a major global retail hub and a key driver for innovation in retail industry," Dubai Chamber President and CEO Hamad Buamim said. Read More »

Ithraa, Oman's inward investment and export development agency, will host a three-day Invest in Oman Roadshow in Paris to strengthen trade and investment relationships. Representatives from some of Oman’s most noteworthy and esteemed business organizations, such as SEZAD, Oman Air, Oman Aquaculture Development Company and Oman Rail, will create the senior delegation. Read More »

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 »

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 »

 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 »

Batelco, the first to launch 4G services, cloud services and VoLTE (Voice over LTE) technology in Bahrain, said it centralizes its strategic plan on innovation and first-class customer service to connect customers on the country’s most reliable network. Batelco is entering a new phase of development, centered on providing the best customer service possible. Read More »

Qatari telecommunications company Ooredoo recently announced that it will expand and enhance its nationwide mobile broadband network through a new deal with Nokia.The three-year agreement will give Ooredoo access to Nokia's 2G, 3G and 4G LTE radio network based on its Flexi Multiradio 10 Base Station technology and core elements such as its Evolved Packet Core solution. Read More »

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 »

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, 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 »

Aspiring business owners in the emirates can get a boost toward realizing their goals through a partnership between aerospace firm Boeing, nonprofit group INJAZ UAE and the Dubai Chamber of Commerce and Industry's Tejar Dubai entrepreneur development program. The Start-Up Bridge Program offers support services to youth wishing to turn their concepts into commercial projects. Read More »

The 8th Compliance & Anti Money Laundering Seminar in Saudi Arabia, hosted by Thomas Reuters, was held Monday in collaboration with the Saudi Arabia Institute of Finance. While addressing the opening session, Saudi Arabian Monetary Agency (SAMA) Vice Governor Abdulaziz Al Furaih highlighted that SAMA anticipates obtaining a full membership at the Financial Action Task Force in June 2018. Read More »