News and analysis, tenders, contracts awarded, commentary and economic data about Ajman, Fujairah, Ras al-Khaimah, Sharjah, Umm al-Quwain.
Northern Emirates News
Ferrostaal sells first cable recycling plant in UAE
Gulf Star Metals buys facility in Ajman from Abu Dhabi-controlled Ferrostaal
Yahsat awarded UAE’s third telecoms licence
Mubadala-owned company wins 10-year licence from regulator
Dubai slowdown hits Ras al-Khaimah
Northern emirate’s economy set to grow 4 per cent
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Oil falls below $80 a barrel as dollar strengthens
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Air Arabia profits decrease 15 per cent
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Vopak Horizons to award oil terminal expansion deal in March
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Al-Jaber wins Emirates power deals
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Contractors submit bids for Sharjah hospital project
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GCC considers plan to form unified rail regulator
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Raytheon secures UAE defence contract
Northern Emirates 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
Trans Mediterranean Airways
Revamped and in the hands of a new owner, the airline is putting its turbulent past behind it
Northern Emirates 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
Special Report: Education - Gulf invests in high-tech future
The Middle East has taken big strides to improve the quality of university education in recent years, investing billions of dollars in a modern infrastructure
Special Report: Construction - Industrial schemes prompt hope
Dubai-based real estate developer Nakheel has become the focus of the problems in the emirate’s construction market in recent weeks, as it tries to restructure a $3.5bn sukuk (Islamic bond) before the repayment deadline of 14 December.
Northern Emirates Data
Oil prices: Caution is the watchword
Oil price conservatism is likely to remain a key theme of Middle East states’ budget calculations
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
Energy 2010: Industry starts year in a strong position
With oil prices rising, a series of major projects will be launched in the energy sector in the year 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
Northern Emirates Tenders
Northern Emirates 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
Darwish wins $108m Sharjah Mall construction contract
The new mall development will be built in the Al-Khan area
