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Latest News

LNG ship

BG expects no LNG cargos from Egypt for the rest of 2014 Subscription

31 July 2014 | By

Natural gas shortage sees BG Group’s Egypt hydrocarbon production drop by 53 per cent

Lukoil starts buy-back oil exports in Iraq

Lukoil starts buy-back oil exports in Iraq Subscription

31 July 2014 | By

West Qurna 2 crude production increased to 280,000 barrels a day

Mongi Hamdi, foreign minister, Tunisia

Tunisia threatens to close Libya border Subscription

31 July 2014 | By

Foreign minister says refugee influx may destabilise the country ahead of key elections

Six Construct wins Ferrari World Abu Dhabi expansion

Six Construct wins Ferrari World Abu Dhabi expansion Subscription

31 July 2014 | By

Attraction already the world’s largest indoor theme park

Abu Dhabi is set to have its own Guggenheim museum, with contractors preparing to submit bids on 3 August for the construction deal

Firms prepare to bid for Abu Dhabi Guggenheim Subscription

31 July 2014 | By

There are two frontrunners for the nearby Zayed National Museum

Stadium

Aramco to invite 12 to bid for 11 stadiums Subscription

31 July 2014 | By

An award is expected by the end of 2014

Hill appointed project manager for Cairo airport Terminal 2

Hill project manager for Cairo airport Terminal 2 Subscription

31 July 2014 | By

US-based firm wins $1.9m contract lasting for 15 months

EU warned that Algeria is “unreliable” gas supplier

EU warned that Algeria is 'unreliable' gas supplier Subscription

30 July 2014 | By

European think-tank says falling production and increasing domestic demand makes Algiers a bad partner

Members of Kuwait's opposition have accused top judges of being implicated in the embezzlement of tens of billions of dollars, causing mass protests against the government

Kuwait opposition accuses government of illegal crackdown Subscription

30 July 2014 | By

Former parliamentarians say the government is using “unconstitutional” methods to cover up corruption

People look at the wreckage of a government war plane, which crashed during fighting on 29 July in Benghazi

Islamists claim major victory in Benghazi Subscription

30 July 2014 | By

Ansar al-Sharia and its allies overrun key military base in eastern Libya

Atkins wins more Doha Metro design work

Atkins wins more Doha Metro design work Subscription

30 July 2014 | By

Firm appointed as lead designer for Gold Line

Carillion and Balfour Beatty merger could affect Dubai joint ventures

Carillion merger could affect Dubai joint ventures Subscription

30 July 2014 | By

Emirate is only Middle East market where two firms have substantial operations

Dubai shortlists three for Sheikh Zayed Road double-decking

Dubai shortlists three for road double-decking Subscription

30 July 2014 | By

Firms submitted bids for work on Sheikh Zayed Road in April

Saint Gobain to supply pipes for Qatar mega reservoirs

French firm to supply pipes for Qatar mega reservoirs Subscription

30 July 2014 | By

Local company installing pipelines as part of strategic water scheme

Middle East best performing region for Turner & Townsend

Turner & Townsend performs well in region Subscription

30 July 2014 | By

Firm’s revenues up by 46 per cent

Firms express interest in new Dubai creek crossing

Firms express interest in Dubai creek crossing Subscription

30 July 2014 | By

Ittihad Bridge will be tendered in October

Actco to build Dubai Bollywood theme park

Actco to build Dubai Bollywood theme park Subscription

30 July 2014 | By

Project being built in Jebel Ali area

Firms submit revised prices for Doha metro contract

Firms submit revised bids for Doha metro deal Subscription

30 July 2014 | By

Initial prices to supply and install systems and rolling stock were submitted in March

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Latest Analysis

Middle East contracts awarded June 2014

Middle East contracts awarded: June 2014 Subscription

31 July 2014

Over $6bn of contracts awarded in June in the Middle East

Middle East rig count on the rise

Middle East rig count on the rise Subscription

31 July 2014 | By

The region is now the world’s second-biggest market for operating oil rigs

The Louvre Abu Dhabi

The GCC’s growing art spend Subscription

24 July 2014 | By

Qatar and Abu Dhabi are among the states muscling in on the international art market

Investment grade bond debt maturities by country

The Middle East’s refinancing burden Subscription

23 July 2014 | By

Region’s investment grade companies need to refinance $91bn-worth of debt by 2018

Stock market

Market reacts to Saudi decision to open up stock market Subscription

23 July 2014 | By

The opening of the Tadawul to foreign investors is widely welcomed by market

Middle East and north Africa oil and gas reserves

Hydrocarbon reserves of strength Subscription

23 July 2014 | By

The Middle East remains a key source of hydrocarbons, but reserves are growing faster in other regions

See all MEED analysis

Special Reports

Yemen

Yemen: Houthi gains shift the balance of power

28 July 2014

New competition has come from an unexpected quarter

Lebanon

Lebanon: Hopes for economic revival shattered

23 July 2014

What is urgently needed is a strong and unified leadership

Hadi al-Bahra, president, Syrian National Coalition

Syria: New leadership hopes to reinvigorate opposition

22 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

See all special reports

Contract Awards

Middle East contracts awarded June 2014

Middle East contracts awarded: June 2014 Subscription

31 July 2014

Over $6bn of contracts awarded in June in the Middle East

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Gulf Projects Index

Gulf Projects Index

Iraq war weighs on Gulf index Subscription

24 July 2014

Increasing instability causes Iraq projects market to contract by $13bn

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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