Kuwait's Boubyan Bank recently reported a net profit of $62.7 million with a growth rate of 18 percent during the first half of 2016 compared to a net profit of $53 million in the first half of 2015. Boubyan Bank Vice Chairman and CEO Adel Abdul Wahab Al-Majed noted that the growth in revenue was earned in the face of a very difficult operational environment.   Read More »

Kuwait-based food and beverage company Mezzan Holding has named Fares Hammami as new group chief financial officer. Hammami served as the investment banking director at NBK Capital, the investment banking arm of National Bank of Kuwait, for the past decade. "Although Fares is a new member to the management team, he is no stranger to Mezzan Holding," Mezzan Holding CEO Garry Walsh said. Read More »

American University of Sharjah (AUS) has named Dr. Richard Schoephoerster as dean of the College of Engineering. "It is my honor and privilege to begin my term as dean of the College of Engineering at AUS," Schoephoerster said. Schoephoerster most recently served as dean of the College of Engineering at the University of Texas at El Paso (UTEP). Read More »

A seven-bedroom villa in Umm Salal Ali, Qatar, is listed for $1.31 million. The 5,920-square-foot villa has three separate levels and an outdoor kitchen. On the ground floor, you'll find the living and dining areas and a majlis. There are also two bedrooms, each with their own bathroom. The first floor has a master bedroom with an en suite bathroom and three other bedrooms. Read More »

Qatar Airways has entered into a codeshare agreement with Barcelona-based Vueling Airlines that will provide passengers with more travel options to European destinations. Codeshare flights will be launched between the airlines' two common gateways of Barcelona and Rome and destinations across Europe including France, Germany, Italy, the Netherlands, Portugal and Spain. Read More »

A two-bedroom apartment with maid's room is now available in the Zig Zag Tower in West Bay, Doha, for $591,854. The apartment, which offers gorgeous views of the West Bay Lagoon and the golf club, features a fully-equipped kitchen, built-in wardrobes and central air and heating. The two bedrooms have en suite bathrooms, and one of the bedrooms features floor-to-ceiling windows. Read More »

Primary Health Care Centers (PHC) recently launched its first book aimed at enhancing medical services in Dubai. PHC, part of the Dubai Health Authority (DHA), hopes the certified data can be used for research and policy making purposes. The book revealed that in 2015 more than 714,000 Dubai residents visited PHC facilities. Read More »

Nobu Hotel has named four key management executives for its upcoming luxury boutique hotel in Riyadh. Designed by the Rockwell Group, the 23-story skyscraper will consist of 134 rooms and suites that are custom furnished with subtle Japanese and regional influences. Nobu Hotel Riyadh will be Saudi Arabia's first luxury boutique hotel. Read More »

Khalifa University's newly expanded campus will be featuring a four-story gymnasium, which will be one of the largest fitness facilities in the United Arab Emirates located in an academic institution. Managed by fitness professionals and personal trainers, the gym will have separate facilities for men and women and will feature cardiovascular and weight lighting equipment. Read More »

Headlines from Cairo suggest that Egypt's inflation is now at an eight year high, challenging a government that has already been looking at central bank action and has taken out a $12 billion loan from the International Monetary Fund. A Sept. 8 Reuters article shows inflation in Egypt at 15.5 percent, up from recent months and towering far below what most national economies handle. Read More »

Cloud-based network solutions provider Cradlepoint is expanding its Middle Eastern presence through a partnership with Midis Group. Cradlepoint connects people, places and things over wired and wireless broadband while Midis Group is dedicated to bringing the best technology brands and solutions into emerging markets. Read More »

The Bahrain Ministry of Foreign Affairs said Bahrain welcomes the recent talks between Saudi Arabia and Russian Federation officials who met privately to discuss the oil industry during the recent Group of 20 (G20) meeting. Bahrain is pleased with the outcome of the consultations and commits itself to the agreement that will act as a strategic step in creating a balance in oil markets. Read More »

Property Shop Investment has listed a large villa in Zone 8 of Hydra Village for $236,853. The more than 20,000-square-foot features two bedrooms, each with an en suite bathroom, as well as a third bathroom. Each of the bedrooms has a large built-in wardrobe. The fully equipped closed kitchen features high-end appliances and high-end finishes.   Read More »

The UAE Ministry of Finance (MoF) said it has reviewed the final draft of the federal bankruptcy law recently approved by the UAE Cabinet. The law creates the Committee of Financial Restructuring, which will oversee the procedures of financial restructuring that exist outside the scope of the court and the creation of an electronic record of individuals involved in bankruptcy rulings. Read More »

Etihad Airways Medical Center recently held its annual Aviation Health Conference which was attended by more than 120 medical professionals. “Etihad Airways Medical Center organizes annual aviation health conferences to encourage collaboration among aviation medicine practitioners and health industry stakeholders,” Dr. Nadia Bastaki, Etihad Airways vice president medical services, said. Read More »

Mohammad Younis Landmark Projects has listed a seven-bedroom villa in Muscat, Oman, for $961,288. The villa is located in the Azibha neighborhood and offers 7,082 square feet of living space. The ground floor has two large sitting and dining rooms, a guest bedroom and a full kitchen. On the first floor, there are four large bedrooms with en suite bathrooms. Read More »

A Saudi-Chinese Business Council Council delegation visit to China, led by Council of Saudi Chambers Board Member and Chairperson of the Saudi-Chinese Business Council Abdullah Al Mobty, culminated in the signing of nine investment agreements along with memorandums of understanding between the two countries’ private sectors. Read More »

Abu Dhabi Ports has teamed up with the Abu Dhabi Chamber of Commerce to open a chamber office at the business center in the Khalifa Industrial Zone (Kizad) in Al Taweelah. The chamber's new office is dedicated to supporting businesses operating within Khalifa Port and Kizad and the neighboring communities of Al Shahama and Al Rahba. Read More »

A recent report by Al Masah Capita highlights how women entrepreneurship has become an essential driver of economic expansion in the GCC. The report, titled "GCC Women - Entrepreneurs in a New Economy," shows that the total female labor force participation rate for Arab states stands at 21 percent. Read More »

United Arab Emirates University (UAEU) signed a memorandum of understand (MoU) with Abu Dhabi Police GHQ for forensic geology science studies and training. The MoU was signed at Abu Dhabi Police GHQ by Major General Maktoum Al Sharifi, acting director general of Abu Dhabi Police, and UAEU Vice Chancellor Mohamed Albaili. Read More »