DOHA.Diar Real Estate Investment Co. of Qatar has announced reaching an agreement with Bahrain’s Arcapita Bank to establish a joint venture company – Diar Infrastructure Services Co. (“Diar Infra”) – that will specialize in the provision and operation of utilities and infrastructure services. Diar Infra will be established as a [...]

JEDDAH The General Authority of Civil Aviation of Saudi Arabia is to introduce VHF air-to-ground data communication services over the country’s entire airspace in partnership with Sita, the IT business and communications services provider. The move is in response to International Civil Aviation Organization (ICAO) recommendations to enhance the country’s [...]

It is situated in the lower income Arab town of Umm al-Fahm (Mother of Coal) in northern Israel. Umm al-Fahm is often known for the devoutness of its residents, and in political terms it is the bastion of the Islamic Movement, whose radical wing seeks Israel’s replacement by an Islamic [...]

The Lebanese economy is in trouble.In two years a succession of disruptions – strikes, various forms of political protest including sit-ins and, most seriously, war with neighboring Israel – have slowed the economy to a crawl. The economy is additionally burdened by a $40.5 billion public debt that is almost 180 [...]

Dubai stuns world with historic deal,” ran the headlines on the morning of September 20 as the news broke of an end to the 40-day takeover battle between Borse Dubai and NASDAQ for Nordic exchange operator OMX, which operates seven stock markets clustered around the Baltic Sea.
What had been a [...]

For Gulf states and other Middle Eastern oil producers, this is an era of opportunity. Record global oil prices have earned oil-producing nations record revenues, offering an unprecedented chance for the region to implement reforms and build for the future.
Of course, the biggest winners are the behemoth [...]

Lebanon seems to be the last country to have taken advantage of the growth that the region has enjoyed for the past four years.Why is that?
Lebanon and its people are very successful entrepreneurs and corporate officials; you can see them operating all over the Arab world and even in Europe and the United [...]

Bahrain-based ACT Ltd., a subsidiary of Qatar’s leading mobile telephone operator, Qtel, has announced the appointment of Bassam Hannoun as chief executive officer for ACT-Jordan. Hannoun has worked for 17 years in the telecoms industry in the Middle East, Europe and Africa. “We have an exciting and innovative project ahead [...]

Lloyds TSB Middle East has announced the appointment of Chris Balfour as consumer banking director for its Dubai-based operations. Balfour has worked with Lloyds TSB for more than 21 years. He began working in Dubai in 2005 as the head of offshore banking after leaving the bank’s UK operations on [...]

Emirates National Oil Co. (Enoc), the UAE petroleum company engaged in crude oil production and LPG processing, has announced the appointment of Saeed Abdullah Khoory to the position of chief executive officer. Khoory takes over from Hussain Sultan, who retires as the group chief executive, a position he has held since [...]