Dubai
Dubai news and analysis, tenders, contracts awarded, commentary and economic data.
Dubai Debt
Dubai World to meet UAE banks for debt talks
Emirates NBD and Abu Dhabi Commercial Bank to represent UAE creditors in debt talks
State support falls short
Abu Dhabi must realise implicit sovereign guarantees are worthless after Dubai distanced itself from debt woes at its state-owned firms
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Dubai slowdown hits Ras al-Khaimah
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Abu Dhabi has to cut its cloth economically
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Emirates bank exposure to Dubai World estimated at $15bn
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Ratings agency predicts Dubai asset sales will take time
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Dubai World considers offering 60 per cent to creditors
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Limitless lenders working on $1.2bn debt due in March
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Dubai must toe Abu Dhabi line
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Emirates seeking strength through unity
Dubai News
Foreign investors buy $335 shares on Dubai exchange
Net foreign investment reached AED83.6m
Nasdaq Dubai equities trading jumps 61 per cent in February
Total equities volumes on UAE’s Nasdaq Dubai drop 43.1 per cent compared last year
Gulf Technical Construction Company wins two contracts from Damac
Drake & Scull unit will work at Business Bay and International Media Production Zone
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Consultants line up for Dubai water and power project
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Emal shortlists advisers for second phase of Abu Dhabi smelter
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Dubai World to meet UAE banks for debt talks
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Consultants bid for Dewa's Hassyan project
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Setbacks affect Emal smelter projects
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Arabtec chases Baku property deal
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Yahsat awarded UAE’s third telecoms licence
Dubai Analysis
Al-Baraka Banking Group
The Islamic bank is seeking fresh markets after emerging intact from the global crisis
Oil prices: Caution is the watchword
Oil price conservatism is likely to remain a key theme of Middle East states’ budget calculations
Getting Gulf banks lending again
GCC finance houses remain wary of making fresh loans and risk stunting economic growth
Majid Al-Futtaim Group
The growing Gulf lifestyle and entertainment markets have boosted the success of this retail developer
Dubai Special Reports
Special Report: Power & Water - Region struggles to ensure access to scarce water supplies
The Middle East is struggling to cope with growing demand for fresh water. While the reasons for water shortages vary across the region, the issue that all governments around the Middle East are having to tackle is the same: how to guarantee access to shrinking supplies of fresh water.
Special Report: UAE - Dubai downturn forces strategy rethink
Dubai may not have much oil, but its economy still relies heavily on oil revenues, albeit those of neighbouring Abu Dhabi.
Special Report: Banking - Public sector projects raise hope
The Gulf’s governments are turning to new financing strategies to fund crucial infrastructure projects with public-private partnerships (PPPs) an increasingly popular model in the region
Special Report: Construction - Contract awards raise hope in the Gulf
The outlook for the region’s construction sector in 2010 looks mixed. The Gulf’s major economies, such as Saudi Arabia and Abu Dhabi, are surging out of the financial downturn, but $575bn worth of projects remain on hold across the GCC
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Special Report: Education - Gulf invests in high-tech future
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Special Report: Construction - Industrial schemes prompt hope
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Special Report: UAE - Dubai's woes hit northern emirates
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Special Report: Petrochemicals - Gulf hit by oversupply
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Special Report: Banking - State-backed institutions in demand
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Special Report: Aviation - Low-cost carriers expand fleets
Dubai Data
Oil prices: Caution is the watchword
Oil price conservatism is likely to remain a key theme of Middle East states’ budget calculations
Finance 2010: Reasons for cautious confidence
Banks in the region have fared well amid the global downturn but must start lending to boost business
Projects 2010: Market begins to recover in the region
Contract awards are expected to pick up significantly in the year ahead, with more than $500bn worth of projects currently being tendered across the region as clients take advantage of lower construction costs
Construction 2010: Public sector offers best opportunities
The real estate market is set to remain subdued in 2010, but infrastructure projects will push ahead
Power & Water 2010: Activity picks up as banks begin lending
Power and water schemes are getting under way as project financing slowly becomes available
Transport 2010: Railway building enjoys a revival in the Middle East
Countries across the region are upgrading their rail transport systems but investment in roads is lacking
Dubai Tenders
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UAE: Pipelines and fibre optic cable
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UAE: Seawater RO desalination plant
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UAE: Power station offices
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UAE: Current transformer testing units
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UAE: Tyres and batteries
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UAE: Seawater RO pre-treatment system works
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UAE: Circuit breakers
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UAE: Reservoir consultancy
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UAE: Switching stations
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UAE: Power lines and cabling works
Dubai Contracts Awarded
Middle East contracts awarded: 9 March 2010
Almost $2.4bn worth of contracts have been awarded across the Middle East up to 9 March 2010, according to this selected checklist compiled from MEED reports
Middle East contracts awarded: February 2010
Almost $3.5bn worth of contracts have been awarded across the Middle East in February 2010, according to this selected checklist compiled from MEED reports
French win Dubai substation deal
Contract involves supplying 11 new substations by early 2011
