Leaders in the United Arab Emirates are building a new set of scientific laboratories in Dubai's Mohammed bin Rashid Al Maktoum Solar Park to help continue innovation in aerospace and other manufacturing industries. A set of 3-D printed laboratories are slated to be built as part of the research and development center there, and the labs also will conduct research on drones. Read More »

Working in tandem with the Smart Dubai Office, the Dubai Chamber of Commerce and Industry recently reviewed hundreds of applications for its Smartpreneur Competition and is expected to announce the winning entries Tuesday at ArabNet Digital Summit 2016. Dubai Chamber launched the program earlier in May to involve Dubai’s young entrepreneurs in the country’s strategic initiatives. Read More »

Omani-Irani relations are expected to benefit from a visit by representatives of Ithraa, Oman's investment promotional export development agency, to Tehran to discuss trade possibilities. The delegation, being led by Sayyid Faisal Al Said, director general of investment promotion for Ithraa, expects the meeting to focus on the specific sectors of logistics, metals and health care. Read More »

The Bahrain Asian Traders Committee of the Bahrain Chamber of Commerce and Industry (BCCI), headed by Vice Treasurer Mohamed Sajid, recently visited the office of Pakistan Ambassador to Bahrain Javed Malik to boost business ties between the two countries. The meeting focused on developing Bahraini-Pakistani business relationships and opportunities for businesses to grow. Read More »

While focusing on the modernization of financial management, advances in education and the diversification of assets, Middle Eastern officials are not neglecting some of the biggest technologies that have impacted finance in the last decade. Keynote Events and other partners are holding the first Blockchain Technology Conference in Dubai, which kicked off Monday at the Burj Al Arab.  Read More »

In an attempt to manage a significant amount of capital, the Qatar Investment Authority (QIA) is apparently shuffling up to $100 billion into new investment efforts in what Arabian Business magazine is calling a “major overhaul.” A magazine story in mid-May said the Qatari sovereign wealth fund (SWF) is creating a new internal division to be headed by Ahmed Al Rumaihi. Read More »

Kuwait's Boubyan Bank issued $250 million Perpetual Tier 1 Capital Certificates completed May 16, the first public sukuk from a Kuwaiti bank, the first public sukuk out of Kuwait since 2007 and the world’s first public fully Basel III-compliant Tier 1 sukuk. “We are delighted to have been part of this truly remarkable transaction,” Alex Roussos, Dentons capital markets partner, said. Read More »

Logistics provider Agility will offer specialized services for companies within the private and public sectors after winning a five year contract with Kuwait-based YIACO Medical Company, a medical and pharmaceutical supplier that works with a number of different health care sector entities. The contract calls for Agility to store medicines and medical equipment from YIACO. Read More »

In the UAE, public planners are looking to improve the tourism industry through partnerships with one of the leading innovative travel businesses in the marketplace - Airbnb. The Dubai Department of Tourism and Commerce Marketing signed an agreement with Airbnb that will provide more consistent experiences while streamlining the process of registration for property owners. Read More »

The Qatar Chamber has made efforts to meet a goal of economic diversification by encouraging the private sector to develop a larger role in the region’s economy, Qatar Chamber President Sheikh Khalifa bin Jassim Al Thani said. During the chamber’s General Assembly meeting on May 19, Al Thani said that supporting the private sector has led to an increase in contribution to the GDP. Read More »

A large villa is available in the Malaweh South area of Al Seeb, Muscat, for $909,310. The eight-bedroom, 10-bathroom villa is a three-story home. There are three bedrooms with en suite bathrooms, a family hall and two toilets on the ground floor. The first floor has three bedrooms with en suite bathrooms and a family hall. The penthouse has a studio with a bathroom and pantry. Read More »

Qatar Petroleum achieved a milestone when the 10,000th liquefied natural gas (LNG) cargo was loaded from Ras Laffan Port earlier this month.The cargo was placed onto the Q-Max LNG carrier Mozah with its destination being the South Hook LNG Terminal in the United Kingdom. The carrier is the world's largest LNG vessels and can hold a full LNG cargo of 9.1 million cubic feet. Read More »

Arcadis' Sustainable Cities Water Index, which assesses water based on resiliency, efficiency and quality, ranks Jeddah and Riyadh as the top cities in the region for water quality based on their efforts toward recycling wastewater. Arcadis collaborates with the Centre for Economics and Business Research to study and document water sustainability in 50 cities around the world. Read More »

New spray foam insulation products have been created by Honeywell and Bayer Pearl that can be used in residential and business structures in Saudi Arabia to improve energy efficiency. Energy demand is expected to double by 2030 in the kingdom due to the boom in the region’s population, and new thermal insulation requirements have been imposed to support Saudi Vision 2030. Read More »

Bahrain Institute of Banking and Finance (BIBF) recently joined forces with U.S. and UAE consultants for a Masterclass, two-day seminar, titled “The Convergence of the Halal Market and Islamic Capital,” to educate participants on Islamic finance. Sponsors included New York-based research/advisory firm Dinar Standard and the Waqf Fund of the Central Bank of Bahrain. Read More »

Facial and fingerprint identification has made a quantum leap in Kuwait’s financial sector with Gulf Bank becoming the region’s first to embrace biometric authentication using Daon’s IdentityX platform, a high-security verification solution for retail customers.Gulf Bank upgraded its digital security system to provide Kuwaiti customers with Daon’s mobile biometric authentication system. Read More »

The Dubai Chamber of Commerce and Industry recently honored its 15 best exporters, distributing trophies and certificates for their accomplishments in areas that included export worth and number of market sectors. Dubai Chamber Chairman Majid Saif Al Ghurair presented each business with their respective honors at the Exporter of the Month event in the chamber offices.  Read More »

Property Shop Investment has listed a studio unit in the Al Khaleej Village gated community in Al Ghadeer for $136,145. The apartment has a fantastic view of the community’s shared pool from its large balcony. The 456-square-foot apartment includes a bathroom with a soaking tub and shower, large mirror and cabinets along one wall, which is covered in red subway tiles. Read More »

A seminar designed to show the proper way of purchasing and storing food products will be held by the Food and Agriculture sector committee of the Bahrain Chamber of Commerce and Industry in collaboration with Bahrain Charity at 10:00 a.m. Wednesday in Al Mahoos - Manama at the head office of Bahrain Charity. Read More »

 Dubizzle’s first northern emirates property report, comparing rental and sale price trends in the first quarter of  2016 to the same period last year across Dubai, Sharjah and Ajman, indicates that the property sector in the United Arab Emirates (UAE) has seen an overall decline in prices. The rental market, however, has experienced less of a decline than the sale sector. Read More »