DUBAI.Mediaquest Corp. has taken the reins of the publishing and events divisions of Gray Business Communications (GBC). The deal, which takes effect on January 2, adds a number of titles to the Mediaquest Corp. portfolio including Gulf Marketing Review, GMR-Online, Al Tasweeq Al Arabi, RaceWeek and several sports publications. Mediaquest also takes [...]

DUBAI. Leading international management consultancy McKinsey & Co. has said that healthcare providers in the Gulf – both public and private – are grappling with an acute shortage of clinical staff. “The shortage of medical professionals is a worldwide phenomenon but is particularly severe in the Gulf Cooperation Council countries [...]

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 [...]

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 [...]

DUBAI. The region’s first energy f u t u r e s a n d c ommo d i t i e s exchange, the Dubai Mercantile Exchange (DME), says it has witnessed continued steady growth during the first six months of operations with its benchmark, Oman Crude Oil Futures Contract, trading [...]

DUBAI. The Dubai Financial Services Authority (DFSA) has received a positive assessment from an expert team from the International Monetary Fund and the World Bank under their Financial Sector Assessment Program. The program assessed the DFSA’s observance of the objectives and principles of securities regulation developed by the International Organization of [...]

DUBAI. Interest among corporate executives for investments in the Middle East is at an all-time high, according to strategic management consulting firm A. T. Kearney’s Foreign Direct Investment Confidence Index. The survey reveals that Middle East investment destinations attained the highest-ever rankings in the ten-year history of the Index, with two [...]

AB U DHAB I. The Abu Dhabi National Energy Co. (Taqa), a publicly listed company on the Abu Dhabi Securities Market, has become the first GCC company to be invited to join the 3C (Combat Climate Change) Initiative. It is a global opinion group of prominent business leaders demanding integration of climate [...]

DUBAI. The Dubai Export Development Corp. (DEDC) will implement a credit insurance scheme for exporters in the next few months as part of its efforts to deliver value-added trade support services for Dubai exporters, the chairman of the corporation, Khalid Al Kassim, said. Addressing an export development corporation seminar, From [...]

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 [...]