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Latest News

Hospital

GP Zachariades Group wins Bahrain hospital contract Subscription

20 August 2014 | By

Cypriot contractor will build cancer centre at northern hospital

Gerd Mueller, German development aid minister

German minister accuses Qatar of financing Isis Subscription

20 August 2014 | By

Gerd Mueller says Qatar is assisting the extremist group that has seized large swathes of territory in Syria and Iraq

Runway

WSP wins Oman airport work Subscription

20 August 2014 | By

Canadian firm appointed by J&P for detailed design work on Muscat and Salalah airport projects

Pylon

Dubai extends bid deadline for Jebel Ali plant expansion Subscription

20 August 2014 | By

Project will expand M Station plant by 600MW

Refinery

Libyan oil output rises to 562,000 barrels a day Subscription

20 August 2014 | By

El-Sider oil terminal set to export first shipment of crude after militants took control in July 2013

Fuel oil refinery

No solution in sight for Egypt hydrocracker Subscription

20 August 2014 | By

Asyut Hydrogen Cracking Facility remains on hold due to contuned financing woes

Refinery

Kuwait delays New Refinery Project bid submission deadline Subscription

20 August 2014 | By

$1.1bn New Refinery Project package is pushed back by nearly two months

Suez Canal

Ascom wins excavation work on the Suez Canal project Subscription

20 August 2014 | By

Qalaa Holdings’ company is one of several selected firms

Port

Doha evaluates bids for port construction package Subscription

19 August 2014 | By

Seven groups submitted prices for naval infrastructure package at new port

Yemen

Yemen and Kuwait discuss oil and gas cooperation Subscription

19 August 2014 | By

Yemeni officials hope for Kuwaiti investment to help revive flagging oil production

Mina al-Ahmadi refinery in Kuwait

Workers injured in Kuwait refinery fire Subscription

19 August 2014 | By

Fire breaks out at the Mina al-Ahmadi refinery

Pipeline

Petrochina tenders third phase of Halfaya oil development Subscription

19 August 2014 | By

Third central processing facility to boost Iraq field’s capacity to over 500,000 barrels a day

Sewage treatment

Oman seeks bids for Sohar Port sewage project Subscription

19 August 2014 | By

Contract will involve providing project management services for treated sewage effluent scheme

Rakbank

Rakbank to acquire stake in insurance firm Subscription

19 August 2014 | By

Ras al-Khaimah-based bank eyes new business

Airport

Low bidder emerges for domestic Saudi airport Subscription

18 August 2014 | By

Project covers expansion of Qassim airport

Islamic State in Iraq and Syria supporter in Syria

Kuwait complies with UN crackdown on terror funding Subscription

18 August 2014 | By

Two Kuwaitis to see travel ban and asset freeze after allegations of financing jihadists in Syria

Ras Laffan petrochemicals complex in Qatar

Prequalification starts at $7.4bn Qatar chemicals scheme Subscription

18 August 2014 | By

Al-Sejeel petrochemicals complex invites interest for last two packages at Ras Laffan

Oil rig

Saudi Aramco receives bids for $3bn Khurais expansion Subscription

18 August 2014 | By

Five packages now under evaluation for major upstream project in Eastern province of Saudi Arabia

More News

Latest Analysis

Risk ratings in the Middle East and North Africa

Navigating regional political and security risk Subscription

17 August 2014 | By

Investors face a widening and complex web of risks in the Middle East and North Africa region

Value and number of GCC IPOs

Gulf sees listings spike in second quarter Subscription

14 August 2014 | By

Number of initial public offerings in the Gulf rise in second quarter

Top 100 projects, Q2 2014

Top 100 projects index dips Subscription

14 August 2014 | By

Small fall in the total value of the Middle East’s biggest projects, but further pressure expected due to fighting in Iraq

Middle East contracts awarded July 2014

Middle East contracts awarded: July 2014 Subscription

11 August 2014

Over $8bn of contracts were awarded in July in the Middle East

Saudi Arabia’s oil exports are now expected to be higher than the original 2014 forecast

Saudi oil revenues expected to top $300bn Subscription

11 August 2014 | By

Strong oil prices coupled with sustained high production leads to upwards revision in forecast

Egypt bank exposure to government debt

Egypt banks remain heavily exposed to sovereign debt Subscription

7 August 2014 | By

Lending to private sector remains low

See all MEED analysis

Special Reports

Morocco's King Mohammed VI

Morocco: Subsidy reform leading the region

20 August 2014

Subsidy controls implemented by King Mohammed VI and the government have yielded results

Whatever Al-Maliki’s role in the spread of Isis, it soon became clear that he was unable to counter the military threat

Uniting against a common enemy

14 August 2014 | By

Nouri al-Maliki’s position became untenable as allies lost patience with reaction to Islamist advance

Amman, the capital of Jordan

Jordan: Wider unrest leaves fiscal recovery in balance

14 August 2014

Jordan’s fragile economy faces more challenges as fallout from Iraq conflict adds to pressure from the civil war in Syria

Tunisia

Tunisia: The crucial transition to democracy

11 August 2014 | By

Planned elections see Tunisia enter the final leg on its journey from revolution to full democracy

See all special reports

Iraq in turmoil

Whatever Al-Maliki’s role in the spread of Isis, it soon became clear that he was unable to counter the military threat

Uniting against a common enemy

14 August 2014 | By

Nouri al-Maliki’s position became untenable as allies lost patience with reaction to Islamist advance

Contract Awards

Middle East contracts awarded July 2014

Middle East contracts awarded: July 2014 Subscription

11 August 2014

Over $8bn of contracts were awarded in July in the Middle East

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Gulf Projects Index

Gulf projects index

Iraq’s project market continues to slide as US steps up intervention Subscription

14 August 2014

The contraction in Iraq’s projects market weighed on the regional index for the Gulf as a whole

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

Research paper

Sustainable Building

Sustainable building in the GCC

18 May 2014

The path to making buildings in the GCC truly sustainable


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