Business & Money | Monday 15 August, 2016 7:56 am

New Publication Highlights Qatar’s Drive to Broaden Non-Energy Sector

A new report recently produced by the global publishing, research and consultancy firm Oxford Business Group (OBG) analyses the burgeoning sectors of Qatar’s economy that are expected to act as key drivers for future growth.    The Report: Qatar 2016 considers the...

More Details

Business & Money | Monday 15 August, 2016 5:35 am

Nakheel and RIU Hotels & Resorts start development of AED900 million beachfront resort at Deira Islands

Nakheel and Spanish hospitality giant, RIU Hotels & Resorts (RIU), today commenced the development of their AED900 million, 800-room joint venture resort and waterpark at Dubai’s Deira Islands.      The partners have appointed international consultants Dar Al...

More Details

Business & Money | Monday 15 August, 2016 4:51 am

Gulf Start to Build Lubricant Factory at King Abdullah Economic City

King Abdullah Economic City (KAEC) has signed a contract with Gulf Start Factory for Petroleum Industries, owners of the Neutron and Shield brands, to lease a 15,677-square-meter parcel of land in the Industrial Valley.    With construction set to begin later this year, the...

More Details

Business & Money | Monday 15 August, 2016 4:01 am

Gulf International Bank Reports a First Half Profit of $41.7 Million

Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of $41.7 million for the six months ended 30th June 2016, compared to $47.3 million in the prior year period. Net income after tax in the second quarter was $31.2 million compared to $20.9 million in the prior year...

More Details

Business & Money | Sunday 14 August, 2016 12:07 pm

A training program aiming at fostering human capacities in the Gulf GOIC is conducting a training course on the Common Industrial Regulatory Law of the GCC countries

“The Gulf Organization for Industrial Consulting” (GOIC), is organizing a training course titled “The Common Industrial Regulatory Law of the GCC countries” in the organization headquarter in Doha, from the 25th to the 27th September 2016. The objective of this training...

More Details

Business & Money | Sunday 14 August, 2016 12:03 pm

DEMAND FOR BEST CLASS MANAGEMENT CONSULTANCY SEES MENA PRACTICE DOUBLE CAPACITY

PA Consulting Group Middle East and North Africa has doubled in size since the beginning of 2016 as it continues to grow business across the healthcare, government services and transport, travel and logistics sectors.   More than 30 members of staff have joined the innovation, technology ...

More Details

Business & Money | Sunday 14 August, 2016 11:14 am

Union Insurance Chooses CSC’s Insurance Software Platform

CSC (NYSE: CSC), a global leader in next-generation IT services and solutions, today announced it has signed a multi-year agreement with Union Insurance Company, a leading provider of customer-focused insurance products to individuals and organizations in the Middle East. Union Insurance will...

More Details

Business & Money | Sunday 14 August, 2016 11:09 am

Viacom International Media Networks and Parque Reunidos partner to develop new Nickelodeon Branded Family Entertainment Centers

Viacom International Media Networks (VIMN) Southern & Western Europe, Middle East and Africa, a division of Viacom Inc. (NASDAQ: VIA, VIAB), and Parques Reunidos, one of the leading leisure park operators in the world, have reached an agreement to create two new themed...

More Details

Business & Money | Sunday 14 August, 2016 11:06 am

Julphar reports first half earnings

Julphar Gulf Pharmaceutical Industries, the largest generic pharmaceutical manufacturer in Middle East and North Africa (MENA), announced sales revenue of AED 759.7 million in the first half of this year.  The company posted a gross profit of AED 465.7 million and its net profit for the...

More Details

Business & Money | Sunday 14 August, 2016 10:21 am

Modules for first heat recovery steam generator on the way to Egypt

The modules for the first heat recovery steam generator (HRSG) for the Siemens Mega project in Egypt have begun their journey from South Korea to the Beni Suef power plant. On its arrival in mid-September, the boiler is scheduled to be installed at the plant. NEM, as part of Siemens, is delivering...

More Details