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Latest News

Onshore oil

ExxonMobil declines Abu Dhabi onshore bid Subscription

22 July 2014 | By

Abu Dhabi expected to make final decision on onshore oil fields in early 2015

Oman road

Oman tenders package eight of Batinah Expressway Subscription

22 July 2014 | By

Companies have also been invited to bid for package seven of Oman road scheme

Omani banks secure viability upgrade from Fitch

Omani banks secure viability upgrade from Fitch Subscription

22 July 2014 | By

Resilient performances boost ratings of lenders

Dubai extends deadline for 600MW power plant expansion

Dubai extends deadline for power plant expansion Subscription

22 July 2014 | By

Work involves expanding existing M Station facility in Jebel Ali

Desalination plant

Saudi Arabia invites bids for desalination plants Subscription

22 July 2014 | By

Three plants will have a capacity of 2 million imperial gallons a day

Overhead power lines

Kuwait invites bids for overhead lines contract Subscription

22 July 2014 | By

Eight contractors have been prequalified for the Kuwait overhead lines tender

Yemen bomb blast

US tells Americans in Yemen to leave country Subscription

22 July 2014 | By

State Department warns of possible attacks on businesses and perceived Western interests

Yas Mall

Aldar signs deal with Chalhoub for Yas Mall Subscription

22 July 2014 | By

Dubai-based retailer Chalhoub will open a 18,600 department store at new shopping centre

Runway

Hochtief team selected for Riyadh airport expansion Subscription

22 July 2014 | By

Consortium submitted the lowest bid for the project in May

Refinery

Saudi Aramco starts Ras Tanura prequalification Subscription

22 July 2014 | By

Revised expansion of Saudi Arabia’s largest oil refinery expected to retendered in third quarter

Saudi Stock Exchange (Tadawul)

Tadawul could open to foreigners by 2015 Subscription

22 July 2014 | By

Move to open Saudi Stock Exchange to foreign investors will support growth of non-oil sector

Mace to manage Oman Cultural Complex project

Mace to manage Oman Cultural Complex project Subscription

22 July 2014 | By

Scheme includes building a major library, archive and theatre in Muscat

Saudi Stock Exchange

Saudi Arabia set to open Tadawul to foreigners Subscription

22 July 2014 | By

Investors gain access to region’s biggest exchange

Business

Faithful+Gould to focus on programme management Subscription

22 July 2014 | By

Consultant says clients increasingly want global services

Muscat, Oman

Mace awarded consultancy contract by Oman state refiner Subscription

22 July 2014 | By

UK group to provide contract services to hundreds on contracts in sultanate’s downstream sector

Algeria approves plan to boost oil and gas output

Algeria approves plan to boost oil and gas output Subscription

22 July 2014 | By

National energy company Sonatrach plans to spend $100bn over five years

Kuwait prequalifies three more firms for port dredging

More firms prequalified for Kuwait port dredging Subscription

22 July 2014 | By

Seven companies prequalified in 2012 for work at Bubiyan port

Oil pipelines from Saudi Arabia in Bahrain

Saudi Aramco to tender $350m Bahrain pipeline Subscription

22 July 2014 | By

Pipeline deal to build new link with Bapco refinery expected by the end of July

More News

Latest Analysis

Dubai Mall

Dubai's 13 biggest shopping mall developments Subscription

21 July 2014 | By

Mall of the World tops the $2.7bn-worth of Dubai-based shopping centre projects in MEED’s list

A house damaged during recent fighting between Houthi rebels and army forces in the Yemeni city of Amran on 14 July

Unrest in Yemen to weigh on oil production Subscription

21 July 2014 | By

Increasing violence and shifting territories may force oil companies to cut investment

Stalemate: Iran and the P5+1 countries seem unlikely to reach a quick resolution

Outlook for doing business with Iran improves Subscription

17 July 2014 | By

While a quick resolution on Iran’s nuclear programme remains elusive, many countries in the region are strengthening ties with the Islamic Republic

Rescue: Aramco took over the development of Jizan Economic City to prevent its failure

Saudi Aramco’s mission creep Subscription

17 July 2014 | By

The oil major’s influence is spreading as it proves itself to be a reliable client for Riyadh

GCC overall awards

Growth continues in contract awards Subscription

17 July 2014 | By

Building projects and the UAE dominated contract awards in the first half of 2014

Qatar drives mergers and acquisitions

Qatar drives Middle East mergers and acquisitions Subscription

16 July 2014 | By

Value of deals in the second quarter highest since start of 2011

See all MEED analysis

Special Reports

Hadi al-Bahra, president, Syrian National Coalition

Syria: New leadership hopes to reinvigorate opposition

21 July 2014

Al-Assad looks in a stronger position than ever

Desalination

Power and water: Dubai leads on water reuse

17 July 2014

Several water authorities in the GCC have had to take remedial action in recent years to prevent supply shortages occurring in the summer months

Riyadh

Saudi Arabia: Iraq crisis raises fears in Riyadh

10 July 2014

Saudi Arabia has a central role to play in leading the response to the crisis unfolding in its northern neighbour

Hamad International airport

Aviation and Airports: Region steps up investment

3 July 2014

The rapid rise of Emirates has spurred the growth of other world-leading airlines in the Gulf

See all special reports

Retail therapy

Dubai Mall

Dubai's 13 biggest shopping mall developments Subscription

21 July 2014 | By

Mall of the World tops the $2.7bn-worth of Dubai-based shopping centre projects in MEED’s list

More on Gulf retail

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Gulf Projects Index

Gulf Projects Index

Dubai’s Mall of the World boosts index Subscription

17 July 2014

UAE and Bahrain are the outstanding markets of the week

Projects Market Tracker

Country Data

Real GDP growth (annual change as a percentage) by country. Click the country name to go to full economic data.

Country 2012 2013f 2014f

Algeria

2.5 3.3 3.4

Bahrain

3.9 4.2 3.3
Egypt 2.2 2 3.3
Iran -1.9 -1.3 1.1
Iraq 8.4 9 8.4
Jordan 2.8 3.3 3.5
Kuwait 5.1 1.1 3.1
Lebanon 1.5 2 4
Libya 104.5 20.2 10.1
Morocco 3 4.5 4.8
Oman 5 4.2 3.5
Qatar 6.6 5.2 5
Saudi Arabia 6.8 4.4 4.2
Sudan -4.4 1.2 2.6
Syria na na na
Tunisia 3.6 4 4.5
UAE 3.9 3.1 3.6
Yemen 0.1 4.4 5.4
f=forecast; na=Not Available; Source: IMF
Last updated: June 2013

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