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Cairo, Egypt streets

Egypt World Bank loan delayedSubscription

8 February, 2016 3:15 am By

Cairo’s hesitation stems from government’s reluctance to impose value-added tax amid rising living costs

Coal-fired power station

Massive project finance pipeline for 2016Subscription

7 February, 2016 By

Project finance in 2016 shows potential, but banks may hold back

Electricity transmission

Saudi Arabia formulating national electricity strategy with World BankSubscription

8 February, 2016 By

Improving efficiency and implementing renewable energy programmes will form key components of strategy

Dubai real estate

Dubai seeks contractors for sprawling affordable housing schemeSubscription

8 February, 2016 By

Low income development consists of 81 low rise buildings

Joint venture bids low for Kuwait airport

Kuwait considers second review for airport project Subscription

8 February, 2016 By

Audit Bureau rejected contract in first review

Possible end in sight for Iran rail projects funding drought

Italian firm eyes major rail projects in IranSubscription

8 February, 2016 By

Italferr to provide engineering services for high-speed train service

Qatar Petroleum president and CEO Saad Sherida al-Kaabi

Qatar Petroleum invests in Moroccan oil explorationSubscription

8 February, 2016 By

Firm buys Chevron stake in offshore assets

Jubail Industrial City

Saudi state fund approves Chemanol debt restructuringSubscription

8 February, 2016 By

Jubail-based methanol manufacturer is restructuring SR386m outstanding loan

Power plant

Saudi Arabia to save $13bn by improving power sector efficiencySubscription

8 February, 2016 By

Converting existing power plants to combined cycle facilities will form key part of target

Air Arabia

Air Arabia profits fallSubscription

8 February, 2016 By

9 fils per share earning has been proposed

LNG carrier

UAE plans to commission floating gas terminal this yearSubscription

8 February, 2016 By

State-owned Abu Dhabi National Oil Company is planning to start imports in the second half of 2016

Bin Sulayem: Plans to open several ports in 2015

Bin Sulayem assumes dual role at DP WorldSubscription

8 February, 2016 By

Announcement coincides with 3 per cent volume growth report

Revenue from Dubai Mall accounted for 82 per cent of Emaar Properties' total revenues in 2014

Emaar Malls records 23 per cent growth in 2015 net profit Subscription

8 February, 2016 By

Total number of visitors increased to 124 million across the malls operated by the company

Cheaper feedstock shakes up petrochemicals market

Saudi Kayan 2015 loss widens on slumping sales volumesSubscription

8 February, 2016 By

A decrease in average selling prices was also a contributing factor to losses

Setting the Agenda

Iraq oil exports hit record level

China offers Iraq hope as oil projects grind to a haltSubscription

8 February, 2016 By

Beijing provides cash as budget problems and violence cast a shadow over future production

Middle East trends

Oil rig

Board Report: February 2016Subscription


Region begins economic overhaul in response to low oil prices