SABIC (Saudi Arabia Basic Industries Corporation), headquartered in Riyadh, is establishing a new state-of-the art research facility in the Netherlands to support its research capabilities in innovative chemicals and materials. “This research center is the latest milestone in SABIC's innovation journey,” Bert Groothuis, SABIC's director of corporate sustainability Europe, said. Read More »

Qatar Environment and Energy Research Institute (QEERI) entered into a deal with Qatar Electricity and Water Company (QEWC) to develop programs and conduct pilot tests for desalination facilities to achieve water security in the country. QEWC will provide QEERI access to its Dukhan coast site, along with skilled labor and the utilities needed to conduct desalination pilot tests. Read More »

A meeting aimed at discussing the Bahrain Chamber of Commerce and Industry’s (BCCI) role in involving Bahrain in global economic events was hosted by the BCCI's promotion, exhibitions and conferences sector committee. The committee discussed its participation at the PR Summit 3 and the 15th Trade Fair of the Organization of Islamic Cooperation Member States. Read More »

The Dubai Chamber of Commerce and Industry said Monday that a new Portuguese Business Council has been established in Dubai, under the chamber’s auspices, to enhance economic relations between the two nations. The Portuguese Business Council said that non-oil commercial revenue between the UAE and Portugal for goods and services in 2015 totaled $500 million. Read More »

 A recent report from Monster.com shows poor employment numbers for various Gulf countries and the first negative growth in the region since January 2015, with a year-over-year decline. E-recruitment activity in April was also 10 percent lower than in March. The study blames global oil prices, political instability and other factors for problems in the region. Read More »

Market events this spring showed that middle-income homes are becoming desirable for buyers in the United Arab Emirates. Vendors and other exhibitors came to Dubai last month for the 12th International Property Show at the Dubai International Convention and Exhibit Center. One thing they found is that first-time buyers were interested in housing that suits their needs. Read More »

Hamptons International Oman has listed an 11-bedroom villa in the Al Hail South area of Muscat for $818,236. This stunning villa was once two separate homes and has been remodeled into one large home. In the first of the villas, there are four bedrooms on the ground floor and three bedrooms, one with en suite bathroom on the first floor. Read More »

Dubai-based IT solutions provider STME has developed a way to use Veritas (Symantec) to implement a disk encryption solution at Manafea Holding Company based in Riyadh. The data that Manafea deals with is highly complex and valuable and leaders wanted to ensure the safety of the data in the event of theft or hardware/software failure. Read More »

Qatar’s future USD-denominated senior unsecured bonds have an expected rating of AA (EXP) from Fitch Ratings. The final rating assignment is dependent upon the receiving of all completed documents representing previously received information. All proceeds from the bonds will be used for Qatar’s financial and general funding purposes. Read More »

Al Tamimi & Company, the Middle East’s largest law firm, recently acted as legal counsel for Boubyan Bank K.S.C.P., a Kuwaiti Islamic bank firm headquartered in Salmiya, in the issuance of sukuk worth $250 million. Boubyan Bank’s investment division, Boubyan Capital, handled international coordination in partnership with Standard Chartered and HSBC. Read More »

Bahrain Chamber of Commerce and Industry (BCCI) Chairman Khalid Al Moayed joined several BCCI board members and top executives and members of the Joint Committee at a meeting with Bahrain's major companies. Attendees highlighted the country’s economic success despite challenges and discussed the focus of major companies to employ local talent to sustain Bahrain’s economic growth. Read More »

Oman Power and Water Procurement Company SAOC (OPWP) said it recently awarded a contract for the the largest independent power project (IPP) in Oman, the  3,219 megawatt Ibri Sohar-3 power generation project. The project was awarded to a group led by Mitsui & Co. Ltd. that includes ACWA Power and Dhofar International Development and Investment Holding Co. SAOG (DIDIC).  Read More »

Ambassadors Riita Swan of Finland and Dashgin Shikarov of Azerbaijan visited the Abu Dhabi Chamber of Commerce and Industry to talk about areas of mutual interest in expanding trade and investment with the emirate. Helal Mohammed Al-Hameli, the chamber’s deputy director general, hosted the envoys and offered insights into industry sectors prepared to engage in global transactions. Read More »

To outline and define the technology that will affect and shape the future, Keynote Events will be hosting the first Blockchain Technology Conference in the Middle East on Monday at the Burj Al Arab in Dubai. The conference is being supported by the Smart Dubai initiative with Dubai's Future Foundation as a strategic partner. Read More »

Kuwait-based global construction firm Sayed Hamid Behbehani & Sons Co. (SHBC) recently enlisted the help of Aconex to manage data associated with the Al Farwaniya Hospital expansion project in Kuwait City. Aconex will offer SHBC its easy-to-use cloud and mobile collaboration platform to enable all project team members to have access to up-to-date project information at any time. Read More »

Estate Real Estate Management has listed a fully furnished apartment in Zawia for $689,545. The apartment offers four bedrooms, three bathrooms and a full view of the lagoon. Large windows in the living room bring in an abundance of light. The bedrooms are decorated in a striking style, and one bedroom features a wall of gold damask-looking wallpaper. Read More »

Nearly half of Lebanese workers, 44 percent, went without a pay raise in 2015, according to a recent study by Middle Eastern job site Bayt.com and market research firm YouGov. In addition to the dearth of pay increases across the country last year, the study presented other numbers about the economic position of Lebanese professionals and their outlook for the future. Read More »

Dubai-based Imdaad, a leading provider of integrated facilities, environment and energy management solutions, offered a vital platform for identifying and recruiting young, qualified and talented Emiratis at the recently held Careers UAE 2016. At the event, the company focused on hiring candidates to reduce the rate of unemployed UAE youths, 18 percent of whom are women. Read More »

Results of a recent Gulf Intelligence questionnaire indicate that many respondents view Qatar's industrial and academic spheres as being in strong need of crossover technologies in order to maintain adequate water security for the state. Crossover systems are expected to save time and lower maintenance costs for the state’s infrastructure. Read More »

Petroleum Development Oman and Nama Group signed a memorandum of understanding his week with two Nama members to facilitate a more efficient countrywide power infrastructure. Oman Electricity Transmission Company and Oman Power and Water Procurement co-signed the agreement, enabling four electricity suppliers to eventually unite through a power transmission hub. Read More »