A four-bedroom, four-bathroom townhouse with a garden view in the Badr Muscat Hills development, near the Muscat Hill Golf and Country Club, is listed by Hamptons International for $740,309. Open living areas and a fully equipped kitchen are just a couple of the features that residents are sure to love. There are three bedrooms on the first floor and a master bedroom upstairs. Read More »

The Abu Dhabi Fund for Development will contribute $237 million in startup capital to the Asian Infrastructure Investment Bank (AIIB), which was launched Jan. 17 in Beijing to create an internationally supported fund to back local and regional infrastructure projects throughout Asia that focus on energy, transportation, urban construction, logistics, education and health care.  Read More »

Global testing group Exova has tapped Michel Wizenberg to be the new Middle East general manager of its Exova Warringtonfire consultancy and engineering business. Wizenberg will lead a team of 15 fire engineering specialists as they serve clients in the Middle East from offices in the United Arab Emirates and Qatar. Wizenberg most recently worked with FDS Consult and Fire Design Solutions. Read More »

Bahrain's Telecommunications Regulatory Authority (TRA) hosted a workshop recently for representatives of private businesses and government offices to learn more about Internet Protocol version 6 (IPv6), the most recent version of the Internet Protocol (IP). IP is the communications protocol through which computers on all the world's Internet traffic is networked. Read More »

A large, airy and fully furnished seven-bedroom villa is available in Saar. The 11,840-square-foot villa is listed for $1.64 million. Residents will love the spaciousness of this villa, which has a cozy feel to it. There are seven bedrooms, two living and dining areas, two outdoor kitchens and rooms for two maids and a driver. The high-end finishes give the villa a very luxurious feel. Read More »

Telecom company Ooredoo, based in Oman, recently secured three new streams of financing from local and international banks worth $177 million. Read More »

Cardiome Pharma Corp. recently filed a Marketing Authorization Application with the Saudi Food and Drug Authority for its intravenous heart medication BRINAVESS. Read More »

Lockheed Martin's will open a repair center in Riyadh to support its targeting pods working in the region, thanks to a new partnership with Advanced Electronics Company. The new support center will help improve repair times specifically for Lockheed Martin's Sniper ATP pods, which the company says provide exceptional air-to-air and air-to-ground control. Read More »

The international law firm Trowers and Hamlins will advise GFH Financial Group on its Harbour Row development in Bahrain. Read More »

Macy's Inc will open a Bloomingdale's store at the 360 Mall in Al Zahra in 2017, the company announced last week. Read More »

The Bahrain Chamber of Commerce and Industry's Trade and Retail Committee recently held its first meeting of the year in Bait Al Tijjar. Read More »

The CEO of UrbaCon Trading and Contracting is calling for greater investment in health care projects across the Gulf region. UrbaCon CEO Moataz Al-Khayyat, citing the more than $5 billion that Qatar spent on public and private health care projects last year, said Thursday that health care presents an opportunity for building the regional economy that could benefit patients, workers, and businesses. Read More »

Qatar National Bank recently received a 2015 J.P. Morgan Elite Quality Recognition Award for its processing of two types of credit transfers. Read More »

Baker Hughes Inc. released its fourth quarter and yearly numbers Thursday. The company posted fourth-quarter revenue of $3.4 billion and $15.7 billion for the year, an $8.8 billion drop from full-year revenue in 2014. Company executives said the oilfield services business was hit hard by falling oil prices, which have slipped by more than 60 percent since 2014. Read More »

Hydrocarbon Finder will take over exploration and production in Oman's Block 7 oil fields, according to the terms of a new agreement signed Thursday in Muscat by the Ministry of Oil and Gas. Block 7 is a 900-square-mile tract in the Al-Wasta area of Oman. It contains three oil fields that are currently being managed by Petrogras, and will continue to be until that agreement expires in April. Read More »

Hamad General Hospital in Qatar will be the first medical facility in the Middle East to impelment a robotic medication dispensing system, following an agreement with Omincell announced Wednesday. The Omincell system is touted for the speed at which it assembles and dispenses patient orders, its space-efficient design, and high storage capacity. Read More »

Omantel officials said Wednesday that the company's sukuk offering is attracting substantial interest. Omantel is looking to raise capital by issuing nearly $130 million in both American and Omani currencies, a first for any Omani company Read More »

The Saudi economy experienced major growth in tech related jobs last year, according to a report recently released by the online job search site Monster.com. Marketing and advertising jobs grew by approximately 40 percent, followed by near 25 percent growth in software, IT, and telecom jobs. The engineering field also grew by 20 percent. Read More »

Medstar announced last week that it has opened the UAE's largest day surgery center. The 20,000-square-foot facility offers surgical and non-surgical treatments that don't require patients to remain overnight. The so-called day surgery is followed up by outpatient visits instead of a protracted hospital stay. Read More »

Organizers of the retail and cultural exhibition Shop Bahrain announced Wednesday that the 30-day event generated nearly $30 million in sales. The event ran from Dec. 24 to Jan. 23 and offered a variety of shopping promotions, cultural activities, and entertainment experiences at several locations throughout Bahrain. More than 60,000 people attended some part of the event. Read More »