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May 2, 2012
DMG Events: The Big 5

The Big 5 International Building and Construction Shows in Dubai and Jeddah are going from strength to strength. Event director Andy White talks about innovating to attract more high value visitors and to facilitate exhibitors’ export potential.

The Big 5 International Building and Construction Shows in Dubai and Jeddah are going from strength to strength. Event director Andy White talks about innovating to attract more high value visitors and to facilitate exhibitors’ export potential.

May 2, 2012
Etihad acquires Aer Lingus stake

Etihad Airways, the national airline of the United Arab Emirates, has confirmed its acquisition of a 2.987 per cent stake in Ireland’s national carrier, Aer Lingus.

Etihad Airways, the national airline of the United Arab Emirates, has confirmed its acquisition of a 2.987 per cent stake in Ireland’s national carrier, Aer Lingus.

Etihad said the purchase reflected its desire to forge a commercial partnership with Aer Lingus, believing this could lead to significant commercial benefits for both airlines.

Etihad Airways operates 10 flights a week from Abu Dhabi to Dublin and has carried more than 750,000 passengers between the two destinations since it began flying the route in July 2007.

April 17, 2012
Deerfields Town Square Mall

The eagerly awaited Deerfields Town Square Mall is just eight months from opening in Abu Dhabi. General manager Banu Tas talks to Gay Sutton about fulfilling the needs of the community.

The eagerly awaited Deerfields Town Square Mall is just eight months from opening in Abu Dhabi. General manager Banu Tas talks to Gay Sutton about fulfilling the needs of the community.

In December this year, the new Deerfields Town Square Mall will be opening its doors to the public in the Al Bahiya area of Abu Dhabi, providing a much needed blend of shopping outlets, entertainment venues, restaurants and family activities for the rapidly growing communities living on the mainland close to the Emirate’s island capital. 

April 17, 2012
Investment of $100 million for MENA region

The IFC, a member of the World Bank Group, and the Islamic Development Bank (IDB) have announced an investment of up to $100 million to support the construction of major infrastructure projects across the Middle East and North Africa.

 

The IFC, a member of the World Bank Group, and the Islamic Development Bank (IDB) have announced an investment of up to $100 million to support the construction of major infrastructure projects across the Middle East and North Africa.

The investment is part of an effort to stimulate economic growth in the MENA region. The IFC and IDB are each investing $50 million in the Arab Infrastructure Investment Vehicle (AIIV), part of the Arab Financing Facility for Infrastructure (AFFI), a joint initiative of the World Bank, the IDB and IFC.

April 8, 2012
TAQA sells stake in Tesla Motors

 

Abu Dhabi National Energy Co. (TAQA) has sold its seven percent stake in US electric automaker Tesla Motors, making a profit of $113 million (£71m) on the sale.

 

Abu Dhabi National Energy Co. (TAQA) has sold its seven percent stake in US electric automaker Tesla Motors, making a profit of $113 million (£71m) on the sale.

The 75 percent state-owned utility had 7.3 million Tesla shares transferred to it by the Abu Dhabi Water and Electricity Authority in late 2010. A spokesman said TAQA had "admiration for Tesla's vision, technology and products", but that the automaker was a non-core investment for the organization.

March 27, 2012
Six contract wins for Otis in Riyadh

Otis Elevator Company Saudi Arabia has won six contracts to supply and install elevators and escalators to different buildings in the King Abdullah Financial District in Riyadh, Saudi Arabia.

Otis Elevator Company Saudi Arabia has won six contracts to supply and install elevators and escalators to different buildings in the King Abdullah Financial District in Riyadh, Saudi Arabia.

The contract is to supply and install 263 elevators, including 10 double-deck elevators, and 90 escalators.

March 21, 2012
Shell Iraq: Majnoon

Shell Iraq is part of a consortium working to significantly increase production at the Majnoon oil field in southern Iraq. But the project has not been easy: some of the major challenges to date have included de-mining, safety and marsh preservation, as Becky Done discovers.

Shell Iraq is part of a consortium working to significantly increase production at the Majnoon oil field in southern Iraq. But the project has not been easy: some of the major challenges to date have included de-mining, safety and marsh preservation, as Becky Done discovers.

March 6, 2012
The nuclear weapons stand-off with Iran:

Implications for multi-nationals in the Middle East.

As the stand-off between Iran and the West continues over Iran’s possible development of nuclear weapons, the world may soon find itself on the brink of a full-blown conflict. As horrible as such a scenario is to contemplate, multi-nationals doing business in the Middle East should take a hard look at their contingency plans should war break out.

February 29, 2012
Cerner to take part in Saudi e-Health Conference

The importance of health care information systems is to be discussed by Cerner Middle East during the biannual Saudi e-Health Conference, taking place from March 11 to 13 in Riyadh.

The importance of health care information systems is to be discussed by Cerner Middle East during the biannual Saudi e-Health Conference, taking place from March 11 to 13 in Riyadh.

A developer of information management systems geared towards health care, Cerner will demonstrate its technologies for surgery/anesthesia, electronic medical records, laboratories and pharmacies.

February 28, 2012
Cerner Middle East

Health care providers must constantly strive to offer a safe, accurate and cost-efficient service. One company helping to facilitate that goal in the Middle East is global health information technology system provider Cerner.

Health care providers must constantly strive to offer a safe, accurate and cost-efficient service to their patients. One company helping to facilitate that goal throughout the Middle East is global health information technology system provider Cerner, as Richard Halfhide reports.

February 28, 2012
Dhuruma Electricity Co: PP11 project

Dhuruma Electricity Company is quietly and efficiently completing a large world-class power generating station in record time. It’s an interesting test case for the independent power plant model in Saudi Arabia.

Dhuruma Electricity Company is quietly and efficiently completing a large world-class power generating station in record time. It’s an interesting test case for the independent power plant model in Saudi Arabia.

February 28, 2012
Sohar Aluminium

Henk Pauw, CEO of Sohar Aluminium, talks to Gay Sutton about the company’s role in promoting industry in Oman.

Henk Pauw, CEO of Sohar Aluminium, talks to Gay Sutton about the company’s role in promoting industry in Oman and creating jobs for local people.

February 22, 2012
Procter & Gamble Egypt

Against the backdrop of a very public revolution in Egypt, Procter & Gamble is quietly continuing to pursue its ongoing commitment to investment and growth, as Alan Swaby discovers.

Against the backdrop of a very public revolution in Egypt, Procter & Gamble is quietly continuing to pursue its ongoing commitment to investment and growth, as Alan Swaby discovers.

Even if ‘Business management during periods of revolution’actually existed as a module in MBA programmes, it’s unlikely that many would ever have to put it into practice. Yet this is the very real situation that managers at Procter & Gamble (P&G) have had to face during the Egyptian chapter of the ongoing Arab Spring.

February 20, 2012
Du makes strides in Emiratisation

Dubai-based telecoms provider Du has opened a new call centre in Fujairah staffed by 100 per cent Emirati nationals.

Dubai-based telecoms provider Du has opened a new call centre in Fujairah staffed by 100 per cent Emirati nationals.

The announcement comes as companies across the UAE and Gulf region strive to meet stringent labour laws passed in April last year requiring businesses to increase their intake of Emirati staff in skilled labour positions. Companies that fail to meet percentage quotas can be fined up to Dh20,000.

February 15, 2012
Julphar

With diabetes on the rise across the Middle East, one company is hoping to help meet soaring demand for insulin with a state-of-the-art manufacturing facility that is the first of its kind in the region.

With diabetes on the rise across the Middle East, one company is hoping to help meet soaring demand for insulin with a state-of-the-art manufacturing facility that is the first of its kind in the region.

Obesity-related diabetes is on the rise in the Middle East. The World Health Organisation estimates that almost one-fifth of the region’s population is affected by the disease. And the International Diabetes Federation believes that the number of diabetics in the UAE will soar by a staggering 80 per cent by 2030.

February 14, 2012
NEM wins major contract in Saudi Arabia

Netherlands-based NEM has secured an order from Saudi Arabia’s Arabian Bemco Contracting Co. for generators at the PP10 Combined Cycle Power Plant project.

Netherlands-based NEM has secured an order from Saudi Arabia’s Arabian Bemco Contracting Co. for generators at the PP10 Combined Cycle Power Plant project.

The order is for 40 unfored dual pressure heat recovery steam generators with integral deaerators. The generators are designed with vertical gas flow natural circulation.

February 9, 2012
The Syrian effect

Retired USAF Colonel makes his BE debut, describing how the coming Syrian implosion will affect businesses in Lebanon & Turkey.

The world has watched in horror while the Syrian government and opposition factions fight a protracted conflict. Some current estimates of the death toll approach 7,000 and even that may be an understatement.

Multinational corporations don’t conduct very much business with Syria, but they do conduct a great deal of business with Syria’s neighbors and other countries in the region. Conflicts of the type we see in Syria today often have a spill-over effect and global enterprises need to be ready to deal with such a contingency.

February 7, 2012
City Group Company

Though it does other things too, City Group Company is best known as the chief provider of public transportation in the emirate of Kuwait. CEO Richard Woods told John O’Hanlon how the company aspires to expand regionally.

Though it does other things too, City Group Company is best known as the chief provider of public transportation in the emirate of Kuwait. CEO Richard Woods told John O’Hanlon how the company aspires to expand regionally.

 

January 30, 2012
Qatar Concrete Company

Qatar Concrete Company is pioneering a new concrete mixing technology that may well revolutionise the production of this essential construction material in hot countries.

Qatar Concrete Company is pioneering a new concrete mixing technology that may well revolutionise the production of this essential construction material in hot countries. Executive directorAntoine Abboud talks to Gay Sutton about the challenges and solutions.

January 30, 2012
Qatar Technical

Deputy managing director of Qatar Technical Michel Mitri talks to Gay Sutton about the transformation from an industrial refrigeration company to a knowledge-based engineering and manufacturing institution.

Twenty years of continuous expansion have resulted in the launch of Qatar Technical. Deputy managing director Michel Mitri talks to Gay Sutton about the transformation from an industrial refrigeration company to a knowledge-based engineering and manufacturing institution.

January 16, 2012
Beton WLL

Robert Tarazi, managing director of Qatar’s leading ready-mix concrete company Beton WLL, talks to Gay Sutton about preparing the company for significant growth.

Robert Tarazi, managing director of Qatar’s leading ready-mix concrete company Beton WLL, talks to Gay Sutton about preparing the company for significant growth.

 

January 16, 2012
Foulath

Investment holding company Foulath has established its position as one of the most comprehensive steel producers in the Middle East, and has developed a unique business model that it is now transferring to Egypt and Oman.

Since its inauguration in 2008, investment holding company Foulath has established its position as one of the most comprehensive steel producers in the Middle East, and has developed a unique business model that it is now transferring to Egypt and Oman. Ben Sansom reports.

When the Gulf United Steel Holding Company, Foulath, was formed in Bahrain in June 2008 its aim was to strengthen and develop the steel industry in the Gulf Cooperation Council (GCC) countries and to create stability and security of supply of steel products to the construction industry.

January 16, 2012
Qatar National Cement Company

Winning the bid to host the 2022 FIFA World Cup has generated a construction boom in Qatar. One company that will be helping to ensure demand for construction materials is met is Qatar National Cement Company.

Winning the bid to host the 2022 FIFA World Cup has generated a construction boom in Qatar that is attracting interest from all over the world. One company that will be helping to ensure that demand for construction materials is met is Qatar National Cement Company.

 

January 9, 2012
Iraq reveals oil and gas revenue

Iraq has disclosed detailed information about the revenue it received from oil and gas exports in 2009 in a special report.

Iraq has disclosed detailed information about the revenue it received from oil and gas exports in 2009 in a special report.

Iraq's disclosure of the $41 billion it received demonstrates its commitment to the EITI standard, the global standard for transparency of resource revenues.

The information is published in Iraq's first EITI Report, which details production figures and revenues from the sales of oil abroad in 2009.

January 4, 2012
Saudi Arabia grants gold exploration licences

Two mineral exploration licences have been granted to the Gold & Minerals JV (G&M) by Saudi Arabia’s Deputy Ministry for Mineral Resources, for a period of five years.

Two mineral exploration licences have been granted to the Gold & Minerals JV (G&M) by Saudi Arabia’s Deputy Ministry for Mineral Resources, for a period of five years.

KEFI Minerals, an AIM-quoted gold and copper exploration company, is the operating partner of G&M, holding a 40 per cent interest. To date the company has a total of three granted exploration licences and a total of 15 exploration licence applications in the Middle Eastern country.