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Latest News

Bahrain's Gulf Air

Bahrain’s Gulf Air cuts losses in first half Subscription

1 September 2014 | By

Bahrain airline benefits from restructuring of business

Sonatrach-run gas treatment plant in Algeria

Sonatrach announces 18 oil and gas discoveries Subscription

1 September 2014 | By

Algerian state oil company says total volumes discovered in 2014 expected to be comparable with 2013

Basra oil terminal

Gazprom Neft starts oil deliveries from Badra Subscription

1 September 2014 | By

Crude to be exported from Basra through Iraq’s pipeline network

Petrochemicals plant

Mott MacDonald wins Oman natural gas liquids plant design Subscription

1 September 2014 | By

Fahud project to extract products from pipeline gas to feed planned Sohar petrochemicals complex

Ship-building

Samsung Engineering in $2.5bn merger Subscription

1 September 2014 | By

One of the Middle East’s most active international contractors to join Samsung Heavy Industries

US embassy compound in Tripoli, Libya

Militia takes control of US embassy in Tripoli Subscription

1 September 2014 | By

Armed group says it is defending the compound to prevent looting

Queen Alia International airport in Jordan

Louis Berger secures Jordan airport role Subscription

1 September 2014 | By

US consultant Louis Berger will provice engineering services for Jordan airport

Gasification

Aramco on verge of awarding Linde Jizan air supply deal Subscription

1 September 2014 | By

Scheme will involve some third-party ownership and is worth well in excess of $1bn

Refinery for petroleum products

UAE to provide Egypt with $9bn in oil products Subscription

1 September 2014 | By

Egyptian General Petroleum Company agrees a $9bn deal with Abu Dhabi National Oil Company

Bahrain airport

Bahrain starts airport prequalification Subscription

1 September 2014 | By

Abu Dhabi is funding the development programme

Power supply in rural Oman

Local firm wins Oman fuel contract for rural power facilities Subscription

1 September 2014 | By

Fuel will be used for power stations outside of ulstanate’s main grid

Water pipes

Work starts on Dubai water network project Subscription

1 September 2014 | By

Work has started on $46m, 25-kilometre water transmission network

Saudi Aramco's Khurais oil field in Saudi Arabia

Aramco shortlists four for Khurais package Subscription

1 September 2014 | By

Award expected by end of September after final commercial negotiations

Entisar Tower Dubai by Meydan Group

Dubai developer receives bids for 100-storey tower Subscription

1 September 2014 | By

Tall structure will be built on Sheikh Zayed road

Dubai Metro

Dubai mulls allowing metro operators to develop property Subscription

1 September 2014 | By

Dubai Roads & Transport Authority considers new business model to cut subsidies and fund further investment

The planned Union Oasis development at Union Station of the Dubai Metro

Dubai’s Union Oasis project pending RTA approval Subscription

31 August 2014 | By

Metro station area to be developed as a public-private partnership scheme

Fujairah

Gulf Petrochem eyes UAE downstream expansions Subscription

31 August 2014 | By

Fujairah bitumen refinery in the pipeline as Sharjah-based group’s revenue surges

Nasdaq Dubai

Nasdaq Dubai to sign dual listing deal with Egypt clearing house Subscription

31 August 2014 | By

Agreement to be concluded in September

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Latest Analysis

Dubai investment

Foreign investors buy into Dubai’s vision Subscription

28 August 2014 | By

Projects in the emirate are moving forward with foreign funding

Russia's President Vladimir Putin with Egyptian counterpart Abdul Fattah al-Sisi

Russia looks to the Middle East Subscription

21 August 2014 | By

As sanctions imposed by the West begin to bite, Russia faces a potential funding gap and is looking to form new alliances in the Middle East and North Africa

Nuclear

Sanctions to stunt Russia's nuclear industry Subscription

21 August 2014 | By

Russia is currently a major player in Europe’s nuclear industry

Oil

The impact of Western sanctions on Russia's oil and gas sector Subscription

21 August 2014 | By

Russian companies are seeking to increase their presence elsewhere in the Middle East

Pipes

Technology sanctions set to delay unconventional oil projects in Russia Subscription

21 August 2014 | By

Ban on sales of shale and deep water hydrocarbon extraction equipment to hurt Russia’s future output

Power

Saudi Electricity Company awards $2.9bn of contracts Subscription

21 August 2014 | By

State utility has already awarded more transmission contracts in the second quarter than for whole of 2013

See all MEED analysis

Special Reports

Oil and gas

Middle East Oil & Gas report

31 August 2014 | By

The end of the boom for the energy market

Smart cities

Smart cities: Raising the quality of life

24 August 2014

The rolling out of smart cities in the Middle East is being used to atrract and keep high calibre residents

Russia

Sanctions to dent Russia's economy

21 August 2014 | By

The Middle East could prove a useful ally for Russia as the country’s relations with the US and Europe deteriorate

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

See all special reports

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

Gulf Index sees its worst week in nearly two years Subscription

27 August 2014 | By

All markets declined apart from those of Qatar and Saudi Arabia

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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