By continuing to use the site you agree to our Privacy & Cookies policy

MEED
Feb 2009 Online Content

View all stories from this issue.

  • ABB wins Saudi electricity transmission contracts

    Riyadh-based ABB Contracting Company has been awarded two contracts worth almost SR600m ($160m) for electricity transmission work in Saudi Arabia.
  • Abu Dhabi airport contract to be awarded during second quarter

    Abu Dhabi Airports Company (Adac) expects to award the main construction for the $6.8bn third passenger terminal at Abu Dhabi International Airport during the second financial quarter of the year.
  • Abu Dhabi airport posts 10% passenger rise

    Abu Dhabi International Airport has posted a 10% rise in passenger traffic last month over the same month in 2008.The airport traffic figures for January 2009 released by Abu Dhabi Airport Company (ADAC) show 9.1 million passengers traveled through the airport, as opposed to 7.1 million in January 2008.
  • Abu Dhabi airport to handle 12m passengers

    The recently opened Terminal 3 at Abu Dhabi International Airport (ADIA) will increase the airport's annual capacity from 7 million passengers to 12 million passengers according to the Abu Dhabi Airport Company. The $6.8bn airport project has eight new aircraft gates including two for the A380, 20 new check-in counters, 19 brand outlets and 5,000sqm of retail outlets.
  • Abu Dhabi Airports to buy international assets

    Abu Dhabi Airports Company (Adac), operator of five airports in Abu Dhabi and Al Ain has announced the purchase of international airport assets as part of its strategy to become a global company. Adac said they will not be bidding on frivolous exercises, they will be strategic acquisitions [buying assets, not just operational contracts].
  • Abu Dhabi announces further oil production cuts

    Abu Dhabi National Oil Company (Adnoc) is to cut its oil production by 15 per cent or more from April 2009 to aid Opec cuts which aim to stabilise oil prices.
  • Abu Dhabi Aviation posts Dhs116.26m profits

    The end of year net profits for the Abu Dhabi Aviation Co (ADA) have been posted at Dhs116.26m, an increase of 53.24%. Revenues increased to Dhs1.26bn from Dhs531.13m. ADA is the largest commercial helicopter operator in the Middle East.
  • Abu Dhabi awards airport foundations work

    The local NSCC has been awarded the foundations package for the $6.8bn midfield terminal project at Abu Dhabi International Airport.
  • Abu Dhabi awards airport foundations work

    The local NSCC has been awarded the foundations package for the $6.8bn midfield terminal project at Abu Dhabi International Airport.
  • Abu Dhabi bank capital injections fail to address concerns

    The injection of over (AED16bn) $4.4bn of tier 1 capital into five Abu Dhabi banks has backfired, according to regional analysts, leading to rising concerns about Dubai-based institutions.
  • Abu Dhabi Commercial Bank profits fall by 35 per cent

    Abu Dhabi Commercial Bank (ADCB) has reported a fall in profits for 2008 of 35 per cent to AED1.36bn ($370m), and announced the resignation of chief executive officer Eirvon Knox.
  • Abu Dhabi developer to redevelop Aqaba port

    Abu-Dhabi-based Al-Maabar International Investments has released details of its $10bn Marsa Zayed real estate development at Aqaba.
  • Abu Dhabi developer to redevelop Aqaba port

    Abu-Dhabi-based Al-Maabar International Investments has released details of its $10bn Marsa Zayed real estate development at Aqaba.
  • Abu Dhabi hotels cut room rates

    Hotels in Abu Dhabi are discounting room rates by as much as 15% to lure customers, reported The National. Last year hotels in the emirate were able to charge a premium because of a shortage of rooms, but observers say a slowdown in business tourism has curbed demand, prompting hotels to cut their rates.
  • Abu Dhabi Hotels profit down 38%

    Abu Dhabi National hotels has announced that its full year profits for 2008 fell by 38% compared to 2007. Net income fell from Dhs471.7m to Dhs292.7m. The group owns all Hilton, Le Meridien and Sheraton-managed properties in the UAE.
  • Abu Dhabi injects capital into local banks

    The government of Abu Dhabi says it will begin injecting AED16bn ($4.4bn) of capital into five Abu Dhabi banks as part of its plans to strengthen the banking sector in the wake of the global financial crisis.
  • Abu Dhabi opens tourism offices in Italy

    Abu Dhabi Tourism Authority, the apex body which manages the tourism industry in Abu Dhabi, has expanded its network of overseas offices to Italy with the opening of offices in the Italian capital Rome and the country's commercial capital Milan. Italy becomes the sixth country on ADTA's overseas network which already features offices in the UK, Germany, France, China and Australia.
  • Abu Dhabi plans $1bn space centre

    Abu Dhabi has announced plans to develop the largest space centre in the region, with four satellites of its own, at a cost of Dhs3.7bn ($1.03bn). The Gulf Earth Observation Centre, which will be fully operational in 2013, will receive and analyse data from satellites and be a fully commercial facility marketing its images and data on the international market.
  • Abu Dhabi releases tender for metro consultancy contract

    The Transport Department has invited companies to bid by 13 April to provide consultancy services for the proposed Abu Dhabi metro system.
  • Abu Dhabi releases tender for metro consultancy contract

    The Transport Department has invited companies to bid by 13 April to provide consultancy services for the proposed Abu Dhabi metro system.
  • Abu Dhabi seeks bids for metro and rail project

    Abu Dhabi's Department of Transportation has invited local and international companies to file tenders to act as consultants to perform a feasibility study and initial design of the emirate's new metro and rail project, reported Emirates Business. The DoT said the metro and rail system would be designed and developed to integrate with the entire transport network planned under Abu Dhabi 2030 vision. Proposals must be submitted by April 13.
  • Abu Dhabi sewerage tender extended

    Abu Dhabi Sewerage Services Company (ADSSC) has extended the tender closing date to 12 March for the first package on its deep sewer tunnel project. The previous closing date was 26 February.
  • Abu Dhabi sewerage tender extended

    Abu Dhabi Sewerage Services Company (ADSSC) has extended the tender closing date to 12 March for the first package on its deep sewer tunnel project. The previous closing date was 26 February.
  • Abu Dhabi Ship Building wins navy contract

    Abu Dhabi Ship Building (ADSB) has agreed a AED930m ($253m) deal to build 12 new ships and refit a further 12 vessels for the UAE's navy.
  • Abu Dhabi shortlists five for highway to Saudi Arabia and Qatar

    The Abu Dhabi Transport Department has shortlisted five consortiums to build a AED10bn ($2.7bn) highway from the emirate to Saudi Arabia and Qatar.
  • Abu Dhabi signals commitment to Chemaweyaat with ruler's decree

    Abu Dhabi’s ruler has signed a decree for the formation of the Abu Dhabi National Chemicals Company (Chemaweyaat), in a further sign of the emirate's commitment to the $20bn industrial chemicals venture.
  • Abu Dhabi to buy Canada's largest chemical maker

    Nova Chemicals Corp, Canada's largest chemical maker, has agreed to be acquired by Abu Dhabi's International Petroleum Investment Co for about $499m in cash to gain financing required by lenders, Bloomberg has reported. Shareholders will receive $6 per common share, Nova said in a statement. Including assumption of Nova's debt, the deal is worth about $2.3bn. The transaction requires the approval of at least two-thirds of voting Nova shareholders at a special meeting to be held in April, the
  • Abu Dhabi to pay 50% taxi fares

    The Abu Dhabi government has announced that it will pay 50% of the taxi fares for aged persons, those with special needs and people with chronic illnesses, Gulf News has reported. Widows, divorcees etc, who come under welfare categories will receive a 25% cut on taxi fares. The cutoff came along with the decision of the authorities to raise taxi tariffs in the capital.
  • Abu Dhabi tourism targets Italy

    Abu Dhabi Tourism Authority (ADTA) has expanded its overseas network to Italy with the opening of offices in Rome and Milan. Italy becomes the sixth country on ADTA's overseas network and joins existing offices in the UK, Germany, France, China and Australia.
  • ADAOX and Cyberoam sign distribution deal

    ADAOX Middle East, a value-added distributor of IT security solutions and services across the Middle East, announced that they have inked a distribution agreement with Cyberoam, a unified threat management (UTM) vendor. Under the terms of the agreement, ADAOX will distribute Cyberoam's entire range of UTM appliances across UAE, Oman, Qatar, Kuwait, Bahrain, Jordan, Yemen and Libya.
  • Addur in talks with Bahrain banks for dinar tranche

    Financing for Bahrain’s Addur independent water and power project (IWPP) is expected to include a Bahraini dinar denominated tranche to help attract liquidity from the domestic banking sector.
  • ADNH net profit down by 37.9%

    Abu Dhabi National Hotels (ADNH) has reported a net operating profit of Dhs456.2m in 2008 compared to Dhs358.4m in 2007, up by 27.3%. Earnings generated from overseas and local investments trimmed net annual profits by 37.9% to Dhs292.7m from Dhs471.6m in 2007.
  • ADSB wins contract to build war ships for UAE

    Abu Dhabi Ship Building has won a contract worth Dhs930m ($253m) to build 12 combat vessels for the UAE navy, the company's CEO said today. Under the terms of the deal ADSB will also upgrade the weapons systems on the 12 combat vessels previously sold to the UAE navy.
  • AEC establishes a new factory in Saudi's Eastern province

    Advanced Electronics Company has signed a partnership agreement with both HBL Power systems LTD of India and Abdullah H Al-Shuwayer group of companies to establish a new joint venture company to manufacture Industrial Batteries in the Eastern province of Saudi Arabia. This JV Company will be the first in the Middle East & North Africa to manufacture these types of industrial batteries. The expected annual sale of the new company is estimate be around 200m SR.
  • Agility-Tristar to buy Shell Guam's Agat Fuel Facilities

    Dubai-based Tristar Transport and US-based Agility Defense and Government Services (DGS) have announced an agreement to buy Shell Guam Inc.'s Agat Fuel Facilities. The bulk-fuel storage and distribution facilities will be operated by Tristar Terminals Guam, a joint venture owned by Agility DGS and Tristar Transport. The purchase includes 25 bulk-fuel storage tanks with a combined capacity of roughly four million barrels; five miles of pipeline; and receipt-and-issue facilities. Terms were not
  • Ahmed Mansoor bids for Bahrain Financial Harbour work

    Bahrain’s Electricity & Water Authority has received four bids from a single company for the contract to build water reservoirs and a pumping station at Bahrain Financial Harbour.
  • Air Arabia outlines 2009 expansion

    Air Arabia will add four new aircrafts to its fleet and open two new international routes this year.
  • Air Arabia posts Dhs510m net profit

    Low-cost carrier Air Arabia has recorded a net profit of Dhs510m for 2008, an increase of 35.6% compared to 2007. Air Arabia also posted a turnover of Dhs2.066bn for 2008, up 61% compared to 2007. With a 33% increase in passengers, average load factor stood at 85%. In 2008 3.6 million passengers flew Air Arabia, compared to 2.7 million in 2007.
  • Air Arabia profits up 35 per cent to $140m

    Air Arabia has announced net profits of AED510m ($139m) for 2008, an increase of 35.6 per cent on the previous year.
  • Air Arabia to launch service to Athens

    Air Arabia, the largest low-cost carrier in the Middle East, has announced that it will launch service to the Greek city of Athens, beginning April 21, 2009. Roundtrip flights will operate three times per week between Athens Eleftherios Venizelos International Airport in the capital of Greece, and Air Arabia's hub in Sharjah. Air Arabia is the first LCC in the Middle East to commence operations to Athens.
  • Air Arabia, DIB team up for e-payment service

    UAE-based low-cost carrier Air Arabia and Dubai Islamic Bank announced today the launch of a ticket payment facility for Air Arabia customers via DIB's electronic banking channels. Through this service, ticket payments can now be made anywhere in the UAE through DIB's Cash Deposit Machines. Dubai Islamic Bank is currently in the process of enabling Air Arabia payments through the bank's e-channel network, including Internet banking, mobile banking, phone banking, and Automated Teller Machines
  • Air traffic may pick up in 3rd quarter, says Airbus

    Airbus' Middle East president said he expects passenger traffic to pick up in the third or fourth quarter of this year and continue to grow in 2010. Speaking at an aviation conference organized by MEED, Habib Fekih said Airbus has not had any cancellations of orders since the economic downturn began, and does not expect any cancellations this year, but added that he 'does not have a crystal ball and you never know what can happen a few months from now.'
  • Airbus to deliver first A400M in 2012

    Airbus will not deliver its first A400M military transport aircraft before the end of 2012, newspapers reported on Tuesday. Le Figaro said delays could cost Airbus an overall 5 billion euros ($6.45bn), citing people 'with a very good knowledge' of the situation. It also said the Toulouse-based aircraft maker was planning a test flight for the A400M in 2010.
  • Airbus, Boeing likely to cut production

    Airbus and Boeing may start cutting production late this year with output dropping as much as 35% in 2010, Steven Udvar-Hazy, the head of International Lease Finance Corp, was quoted by Bloomberg. He said production 'will come down in steps until it reaches equilibrium' with demand, with adjustments probably starting by the fourth quarter of this year. Both Boeing and Airbus are predicting a second annual drop in orders this year as the recession damps travel demand and aircraft financing tig
  • Ajman sewage network nears completion

    Ajman Sewerage Private Company is close to completing work on the first phase of its sewage network project in Ajman, the company announced in a statement on 24 February.
  • Akakus seeks interest in Murzuq gasoil plant

    Libyan/European Akakus Oil Operations has asked firms to express interest in prequalification for an engineering, procurement and construction (EPC) contract on a new gasoil separation plant.
  • Al Rabie to invest $50m in factories

    Al Rabie Saudi Foods, the largest juice manufacturer in the Middle East, said it plans to invest $50m to expand its factories and boost production capacity by 15%. The company said the expansion, which will increase production capacity by 500 million liters, was aimed at doubling market consumption of its food and beverage products, reported The National.
  • Al-Arafa considers launching takaful firms in Egypt

    Al-Arafa Investment and Consulting, a financial services business listed on the Egyptian Exchange, is considering a plan to set up two takaful (Islamic insurance) firms, according to a statement from the company.
  • Aldar extends tender for Al-Gurm hotel

    Abu Dhabi-based developer Aldar Properties has extended the closing date for bids to build the Banyan Tree hotel at its Al-Gurm development to 1 March.
  • Aldar extends tender for Al-Gurm hotel

    Abu Dhabi-based developer Aldar Properties has extended the closing date for bids to build the Banyan Tree hotel at its Al-Gurm development to 1 March.
  • Al-Dar submits low bids for Kuwait drainage work

    The local Al-Dar Engineering & Construction Company has submitted the low bid for infrastructure work at three sites in Kuwait.
  • Al-Dar submits low bids for Kuwait drainage work

    The local Al-Dar Engineering & Construction Company has submitted the low bid for infrastructure work at three sites in Kuwait.
  • Algerie Telecom privatisation called off

    Algerie Telecom will not be privatised, according to the company's chief executive officer Moussa Benhamadi.
  • Al-Jaber lands $1.6bn Masdar infrastructure contract

    The UAE’s Al-Jaber Group has been awarded the first phase infrastructure contract for Abu Dhabi’s low-carbon project Masdar Development, valued up to AED6bn ($1.6bn).
  • Al-Jaber lands $1.6bn Masdar infrastructure contract

    The UAE’s Al-Jaber Group has been awarded the first phase infrastructure contract for Abu Dhabi’s low-carbon project Masdar Development, valued up to AED6bn ($1.6bn).
  • Al-Kharafi bids low for Kuwait municipality building

    The local Mohammed Abdulmoshin al-Kharafi & Sons Company has submitted the low bid for a new municipality building in Kuwait.
  • Al-Kharafi bids low for Kuwait municipality building

    The local Mohammed Abdulmoshin al-Kharafi & Sons Company has submitted the low bid for a new municipality building in Kuwait.
  • Al-Latifia submits low bid for Aramco office project

    The local Al-Latifia Trading & Contracting has submitted the lowest bid for a new Saudi Aramco office building, with a price of SR720m ($192m).
  • Al-Latifia submits low bid for Aramco office project

    The local Al-Latifia Trading & Contracting has submitted the lowest bid for a new Saudi Aramco office building, with a price of SR720m ($192m).
  • Al-Rashid signs SR1.6bn contract for King Saud University

    The local Al-Rashid Trading & Contracting Company has signed a SR1.6bn ($427m) contract for a housing project at King Saud University.
  • Al-Rashid signs SR1.6bn contract for King Saud University

    The local Al-Rashid Trading & Contracting Company has signed a SR1.6bn ($427m) contract for a housing project at King Saud University.
  • Alujain and Safra secure majority of Mobeed shares

    Two Saudi petrochemicals companies, Alujain Corporation and Safra, have acquired the majority of shares in Arab Pesticide Industries Company (Mobeed), according to an announcement on the Saudi Stock Exchange on 22 February.
  • Aluminium producers form group

    Gulf-based aluminium producers have formed an organisation to promote and represent the growing aluminium smelting industry, according to news reports. The Gulf Aluminium Council was formed with initially six companies, including Dubai Aluminium Company (Dubal).
  • AMD delays vote on Abu Dhabi spinoff

    Advanced Micro Devices Inc has postponed a shareholder vote to approve its plan to spin off its manufacturing plants, after failing to obtain the requisite quorum, reported Reuters. In October, the company said it planned to spin off its manufacturing plants into a $5.7bn joint venture with Abu Dhabi. AMD spokesman Mike Silverman said yesterday AMD had moved a bit too quickly to close the transaction, but added that all parties were committed to the deal.
  • AMD shareholders approve spinoff

    Advanced Micro Devices, the world's second-largest computer chip maker, has announced that its stockholders have approved a manufacturing joint venture with investment from Abu Dhabi. AMD said the approval from shareholders will lead to the creation of the venture, to be known as The Foundry Company, between AMD and the Advanced Technology Investment Co. (ATIC) of Abu Dhabi. ATIC is a technology investment company owned by the government of Abu Dhabi while Mubadala Development Co. is a joint
  • Ansari bids low for Muscat wastewater scheme

    The local Al-Ansari Trading Enterprise is the low bidder for the contract to build a sewage system covering several areas of Muscat governorate.
  • APM Terminals reaches agreement over Bahrain Gateway

    APM Terminals (APMT) has agreed a schedule with the Bahraini government for commencing operations at the Khalifa Bin Salman Port.
  • Aqaba enjoys surge in Iraqi import traffic

    The value of goods passing through the Jordanian port of Aqaba bound for Iraq increased almost five-fold last year to $1bn.
  • Arabtec joint venture seeks damages from Meydan

    The joint venture of the local Arabtec Construction and Malaysia’s WCT has initiated a civil suit and begun arbitration proceedings again Dubai-based developer Meydan.
  • Arabtec joint venture seeks damages from Meydan

    The joint venture of the local Arabtec Construction and Malaysia’s WCT has initiated a civil suit and begun arbitration proceedings again Dubai-based developer Meydan.
  • Aramco and Conoco receive interest in delayed Yanbu refinery

    Saudi Aramco and the US’ ConocoPhillips have received solicitations of interest from at least 10 contractors for their delayed 400,000-barrel-a-day (b/d) Yanbu export refinery.
  • Aramco assesses interest from Ras Tanura contractors

    More than 40 companies have submitted prequalification applications for construction work on Saudi Aramco’s Ras Tanura refinery, following a delay to the bid deadline.
  • Aramco delays announcement on Ras Tanura prequalifiers

    Saudi Aramco has delayed naming the firms that have prequalified to bid for construction work on its Ras Tanura refinery expansion, after revising the qualification terms.
  • Aramex profit rises 21% in 2008

    Dubai-based logistics provider Aramex has announced that its 2008 full-year revenues grew from Dhs1.784bn to Dhs2.080bn, an increase of 17% compared to 2007. Net profits increased by 21% over the same period, the company said, from Dhs121.5m to Dhs147.3m. Net profits for the fourth quarter of 2008 went up by 21% to Dhs38.8m, from Dhs32.1m for the same period in 2007, mainly driven by the significant improvement in margins of Aramex's key products, the company noted.
  • Arriyadh Development Authority to award Riyadh tunnel by April

    The Arriyadh Development Authority (ADA) is set to award the SR2bn ($533m) contract for road tunnels under an airbase in Riyadh by April.
  • Arriyadh Development Authority to award Riyadh tunnel by April

    The Arriyadh Development Authority (ADA) is set to award the SR2bn ($533m) contract for road tunnels under an airbase in Riyadh by April.
  • Asustek to work on Android system

    Asustek Computer company has said that it is looking at installing Google's Android operating system on its low-cost notebooks. The companies engineers have been tasked with developing a netbook based on the free system by the end of the year.
  • Atlantis cuts 70 workers

    The Atlantis resort on The Palm in Dubai, has announced a reduction of 70 staff, reported The National. The hotel did not specify if the staff laid off were from management or its limited-skills workforce. The $1.5bn resort is a 50-50 joint venture between the Bahamas-based Kerzner Internationaland Istithmar, a subsidiary of Dubai World.
  • Award for Saudi rehabilitation centres due in mid March

    An award for a SR12.7bn ($3.4bn) network of rehabilitation centres around Saudi Arabia is expected to be made in mid-March.
  • Award for Saudi rehabilitation centres due in mid March

    An award for a SR12.7bn ($3.4bn) network of rehabilitation centres around Saudi Arabia is expected to be made in mid-March.
  • Awards delayed on Qapco polyethylene contracts

    The award of engineering, procurement and construction (EPC) contracts for a polyethylene plant planned by Qatar Petrochemical Company (Qapco) should be made by the end of March, a month later than expected.
  • AWCS/MEED Gulf Construction Outlook Survey 2009

    Saudi Arabia and Qatar will deliver the strongest growth in construction activity in the year ahead, according to senior executives of Gulf construction companies surveyed at the Arabian World Construction Summit (AWCS).
  • AWCS/MEED Gulf Construction Outlook Survey 2009

    Saudi Arabia and Qatar will deliver the strongest growth in construction activity in the year ahead, according to senior executives of Gulf construction companies surveyed at the Arabian World Construction Summit (AWCS).
  • Azmeel wins $150m Ras al-Zour villa contract

    Saudi Arabia’s Azmeel Contracting Company has been awarded a SR562m ($150m) contract for the construction of the first phase of the residential village at the Ras al-Zour industrial complex being developed by Saudi Arabian Mining Company (Maaden).
  • Azmeel wins $150m Ras al-Zour villa contract

    Saudi Arabia’s Azmeel Contracting Company has been awarded a SR562m ($150m) contract for the construction of the first phase of the residential village at the Ras al-Zour industrial complex being developed by Saudi Arabian Mining Company (Maaden).
  • Baghdad allocates $630m to transport spending

    Iraq has allocated $630m of spending in its national budget for 2009 to transport projects and investment.
  • Baghdad plans $50bn airport development

    Iraq says it has begun planning $50bn worth of development in the area surrounding Baghdad International airport.
  • Baghdad plans $50bn airport development

    Iraq says it has begun planning $50bn worth of development in the area surrounding Baghdad International airport.
  • Baghdad to open downstream projects to winners of exploration licences

    Energy majors that win exploration and development licences in Iraq will also be able to approach Baghdad with plans for new refineries and export facilities without having to go through a bidding process, according to a senior industry source in the country.
  • Bahrain approves new funds for education projects

    Bahrain’s Economic Development Board (EDB) has approved plans for a further BD20m ($53m) investment in education and training projects in the country.
  • Bahrain extends deadline on Addur power project

    The deadline for banks to submit their interest in the financing of the $1.7bn Addur independent water and power project (IWPP) has been extended from 16 February until the end of the month.
  • Bahrain plans $250m corniche resort

    A $250m corniche tourism resort in Bahrain is being planned in a joint venture with Australian developers. Promoseven Holdings chairman Akram Miknas, who is leading the project, confirmed the outline of the plan but said finite details of the project were not ready to be released. The company is working with the public sector in Bahrain to develop a corniche resort and have been speaking to Australian developers and architects.
  • Bahrain signs gas agreement with Shell

    The UK/Dutch Shell Group has signed a memorandum of understanding with Bahrain’s National Oil and Gas Authority (Noga) to look at the feasibility of local gas initiatives.
  • Bahrain tourism ministry put on hold

    Bahrain has delayed plans to establish an independent ministry of tourism in the country because the economic crisis has left the government strapped for cash to support it, reported The National. The proposed ministry, which was to open in April, would have acted as a promotional body for the tourism sector, which officials expect will contribute 25% to the country's GDP by 2016.
  • Bahrain, India firms tie up for aluminium plant

    A Bahrain business group is teaming up with an Indian industrial house to set up a $100m company for the manufacture of aluminium fluoride. The Pearl Industrial Chemicals Company has been established by Bahrain's EBH Holding and India's Archean Group of Companies. PIC will be located at South Alba Industrial Estate and will start production in two years, reported Gulf Daily News.
  • Bahrain: Flood lights

    Supply of high mast flood lights. Closing date: 18 March 2009
  • Bahrain: Housing

    Construction of housing. Closing date: 18 March 2009
  • Bahrain: Housing

    Construction of housing. Closing date: 18 March 2009
  • Bahrain: Medical insurance policies

    Provision of group medical insurance policies. Closing date: 25 February 2009
  • Banks approached for Bahrain steel project

    Banks have been approached to finance the $1.2bn steel project in Bahrain being developed as a joint venture between Kuwait's Gulf Investment Corporation (GIC) and Japan's Yamato Kogyo.
  • Banks respond to Salalah soundings despite short timeline

    Banks have submitted non-binding bids of around $1.5bn for the $750m commercial debt tranche for Oman’s Salalah independent power and water project (IWPP) by the 12 February deadline stipulated by financial adviser Standard Chartered.
  • Banks to be contacted for $3bn Dolphin refinancing

    Royal Bank of Scotland (RBS), which is acting as financial adviser on the $3bn Dolphin Energy pipeline project, is to begin contacting banks to secure commitments on the deal in mid-February.
  • Banque Centrale Populaire to raise $117m in rights issue

    Banque Centrale Populaire, a listed Moroccan bank, says it is planning a MD1bn ($117m) rights issue.
  • Banque du Liban governor warns against extra government spending

    The governor of Banque du Liban, the central bank of Lebanon, has warned that any additional demands for government spending will hurt the country's already beleaguered public finances.
  • Bid deadline for Eastern Mangrove hotel extended

    The Tourism Development & Investment Company (TDIC) has again extended the tender closing date for the contract to build the Eastern Mangrove hotel in Abu Dhabi to 10 March to give bidders more time.
  • Bid deadline for Eastern Mangrove hotel extended

    The Tourism Development & Investment Company (TDIC) has again extended the tender closing date for the contract to build the Eastern Mangrove hotel in Abu Dhabi to 10 March to give bidders more time.
  • Bid deadline for King Khaled University contract to be extended

    The bid deadline for a major construction contract at King Khaled University in Abha is set to be extended by a further two months to mid April.
  • Bid deadline for King Khaled University contract to be extended

    The bid deadline for a major construction contract at King Khaled University in Abha is set to be extended by a further two months to mid April.
  • Bids due for contract to upgrade Omani roads

    The Transport & Communication Ministry has invited companies to submit bids by 6 April for the contract to provide design and construction supervision for the upgrade of two roads in the interior of Oman.
  • Bids due for contract to upgrade Omani roads

    The Transport & Communication Ministry has invited companies to submit bids by 6 April for the contract to provide design and construction supervision for the upgrade of two roads in the interior of Oman.
  • Bids due for fourth phase of Riyadh redevelopment project

    Bids are to be submitted in the coming weeks for the fourth phase of the re-development of the Addiriyah area in Riyadh.
  • Bids due for fourth phase of Riyadh redevelopment project

    Bids are to be submitted in the coming weeks for the fourth phase of the re-development of the Addiriyah area in Riyadh.
  • Bids for Ras Tanura contracts expected in early 2010

    Bidding for the engineering, procurement and construction (EPC) contracts at the Ras Tanura petrochemicals complex in Saudi Arabia is not likely to begin until 2010, according to contractors in the kingdom.
  • Bids in for Addur gas pipelines

    Bahrain Petroleum Company has received six bids for a contract to install gas pipelines to supply the planned Addur independent water and power project (IWPP).
  • Bids in for Bahrain transmission network work

    Bahrain’s Electricity & Water Authority has opened bids for several contracts which form part of its 2007-2011 transmission network development programme. The bids were opened on 26 February.
  • Bids in for gas compressor contract at Bab field

    Abu Dhabi Company for Onshore Operations (Adco) is evaluating bids for an engineering contract to install gas compressors at its onshore Bab field, with contractors hopeful for an award in March.
  • Bids invited for Downtown Jebel Ali people mover

    Local developer Limitless has invited companies to bid by the end of March for a contract to design and build a people mover system at the Downtown Jebel Ali development in Dubai.
  • Bids invited for Downtown Jebel Ali people mover

    Local developer Limitless has invited companies to bid by the end of March for a contract to design and build a people mover system at the Downtown Jebel Ali development in Dubai.
  • Bids submitted for Abu Dhabi Hyatt

    The local Abu Dhabi National Hotels has received bids for the contract to build the Hyatt hotel on Saadiyat island in Abu Dhabi.
  • Bids submitted for Abu Dhabi Hyatt

    The local Abu Dhabi National Hotels has received bids for the contract to build the Hyatt hotel on Saadiyat island in Abu Dhabi.
  • Bids submitted for King Abdulaziz Airport earthworks contract

    Nine local and international firms have submitted bids for an estimated SR375m ($100m) earthworks contract at King Abdulaziz International airport, in Jeddah.
  • Bids submitted for King Abdulaziz Airport earthworks contract

    Nine local and international firms have submitted bids for an estimated SR375m ($100m) earthworks contract at King Abdulaziz International airport, in Jeddah.
  • Bids submitted for King Fahd University housing units

    The local International Centre for Commerce & Contracting has submitted a low-bid of SR186m ($50m) for the construction of 100 villas at King Fahd University for Petroleum & Minerals.
  • Bids submitted for King Fahd University housing units

    The local International Centre for Commerce & Contracting has submitted a low-bid of SR186m ($50m) for the construction of 100 villas at King Fahd University for Petroleum & Minerals.
  • Bids submitted for Saadiyat resort

    The local Tourism Development & Investment Company (TDIC) has received bids from five companies for the estimated AED1.5bn ($409m) contract to build the St. Regis resort on Abu Dhabi’s Saadiyat island.
  • Bids submitted for Saadiyat resort

    The local Tourism Development & Investment Company (TDIC) has received bids from five companies for the estimated AED1.5bn ($409m) contract to build the St. Regis resort on Abu Dhabi’s Saadiyat island.
  • Binladin begins work at King Saud University

    Construction work has begun on the women’s college at King Saud University in Riyadh, following the award of the SR8.8bn ($2.4bn) contract to the local Saudi Binladin Group in December.
  • Binladin begins work at King Saud University

    Construction work has begun on the women’s college at King Saud University in Riyadh, following the award of the SR8.8bn ($2.4bn) contract to the local Saudi Binladin Group in December.
  • BinLadin, Thales win Saudi rail deal

    In a joint venture with France's Thales, Saudi Binladin Group has been awarded a SR2bn railway contract by Saudi Arabia's Public Investment Fund. The contract is for signalling and telecoms networks on the North-South railway project. The North-South line will link the Al-Jalamid phosphate mine and the Al-Zabirah bauxite mine in the north with planned aluminium and fertiliser complexes at Ras al-Zour on the Gulf coast.
  • Birol warns failure to invest may result in record oil prices

    Failure to invest in new oil and gas infrastructure may result in a capacity crunch leading to record energy prices, according to the International Energy Agency’s chief economist.
  • Borouge agrees $1.39bn payment for turnkey contract

    Spain’s TR and Abu Dhabi Polymers Company (Borouge) have signed a final agreement for a $1.39bn payment on a lump sum turnkey contract they agreed in 2007.
  • Borse Dubai deal closes with support from Dubai banks

    The refinancing of a $3.5bn loan for Borse Dubai has closed with two Dubai banks coming into the transaction at the last moment to provide additional debt to avoid the company defaulting.
  • Borse Dubai looks to bring on local banks for refinancing

    The $2.5bn refinancing for Borse Dubai is currently in talks to bring on board local banks at a senior level to arrange a dirham and an Islamic tranche for the deal.
  • Borse Dubai receives federal government bailout

    Borse Dubai is to receive over $1bn from the UAE federal government to avoid the company having to default on a $2.5bn loan it is trying to refinance.
  • Bouteflika launches election campaign with $150bn spending pledge

    Algerian president Abdelaziz Bouteflika has promised to launch a $150bn spending programme if he wins a third term in office in elections due on 9 April.
  • BP reports $3.3bn loss in fourth quarter

    The UK’s BP says it is well positioned to cope with the current financial crisis despite reporting a loss of $3.3bn in the fourth quarter of 2008.
  • British Airways delays Saudi services

    British Airways announced today that it is delaying the resumption of its service to Saudi Arabia until Sunday 31st May, 2009. BA had previously said it planned to resume operations to Riyadh and Jeddah on March 30th, 2009, but it now says the process of setting up two new stations in the country has taken longer than expected, thus requiring the delay. All customers booked to travel between 30th March and 31st May 2009, on BA's Riyadh and Jeddah services will be offered a full refund or the
  • British regulator to oversee Dubai metro

    The British Office of Rail Regulation has signed a deal with Dubai's Roads and Transport Authority (RTA) to provide advice and oversight for the Dubai Metro, reported The National. The safety regulator for Britain's railways will advise the RTA on the certification and regulation of its rail safety standards and provide guidelines for inspections and enforcing the rules.
  • Burgan Bank announces $97m fourth quarter loss

    Kuwait’s Burgan Bank has announced a fourth quarter loss of KD28.4m ($97m) as a result of the falling value of its investments, bringing full year profits down to KD37.8m, compared to KD74.8m in 2007.
  • Bus fares introduced for Abu Dhabi commuters

    Commuters in Abu Dhabi will have to pay for bus rides from February 15, 2009. Commuters can now buy monthly, daily or single passes; a monthly pass costs Dhs40, a daily pass Dhs3 and a single trip will cost Dhs1. Monthly and daily 'Ojra' passes are already on sale at around 22 outlets, said the official. Senior citizens and people with special needs can still travel for free.
  • Busch delays Sea World project in Dubai

    Busch Entertainment Corp and its Dubai-based partner Nakheel said today they have delayed Worlds of Discovery, a collection of four theme parks in Dubai, for at least one year. The companies said they have extended a memorandum of understanding for development of the four parks — SeaWorld, Aquatica, Busch Gardens and Discovery Cove. Busch Entertainment owns SeaWorld Orlando and is a division of Anheuser-Busch InBev. Its partner Nakheel is the developer of the Palm and World Islands in Dubai.
  • Cairo extends rice export ban

    Egyptian Trade & Industry Minister Rachid Rachid has announced that an export ban on rice will be extended indefinitely.
  • Canadian firm starts Kurdistan oil study

    Canadian oil company Niko Resources has started a seismic acquisition programme at the Qara Dagh block in Iraq’s Kurdistan region.
  • Chadbourne & Parke bids low for Oman consultancy

    A consortium led by US law firm Chadbourne & Parke is the low bidder for the contract to provide consultancy services for two new independent water and power projects (IWPPs) in Oman.
  • China National Petroleum awaits Libyan approval to buy Verenex

    China National Petroleum Company International (CNPCI) will buy Canadian oil exploration firm Verenex Energy, which primarily operates in Libya, for $499m, if Tripoli gives its consent.
  • China Railway wins $1.8bn contract for Mecca monorail

    China Railway Corporation has signed a contract to build a $1.8bn monorail in Mecca.
  • China to build railway in Saudi for pilgrims

    China has signed a $1.78bn deal to build a high-speed railway to transport pilgrims between Mecca and Medina. The 230mph rail link, which will cut the journey between Islam's two holiest cities to just half an hour, will help alleviate congestion during the Hajj. The railway will be built by China Railway Construction Corporation, together with a Saudia Arabian company and an unnamed French firm. The project is scheduled to be completed by 2013.
  • Circle Oil makes gas discovery in Morocco concession

    Initial testing at London-listed Circle Oil’s Sebou concession in Morocco has shown near-record production of almost 20 million cubic feet a day (cf/d).
  • Commercial Bank of Dubai profits fall 18 per cent

    Profits at Commercial Bank of Dubai have fallen by 17.5 per cent in 2008 to AED771m ($210m) as a result of the bank making provisions of AED397m.
  • Consolidation predicted for Gulf finance and real estate sectors

    The financial services and real estate sectors in the Gulf will experience consolidation as a result of the global economic slowdown, according to Jean-Marie Pean, chairman of Bain & Company, the US management consultant.
  • Consolidation predicted for Gulf finance and real estate sectors

    The financial services and real estate sectors in the Gulf will experience consolidation as a result of the global economic slowdown, according to Jean-Marie Pean, chairman of Bain & Company, the US management consultant.
  • Construction starts at Princess Noura University in Riyadh

    Work has started on the construction of the new Princess Noura bint Abdulrahman University for Women in Riyadh.
  • Construction starts at Princess Noura University in Riyadh

    Work has started on the construction of the new Princess Noura bint Abdulrahman University for Women in Riyadh.
  • Construction work starts at Hydra Village

    Two local contractors have started work on the first construction package at Hydra Village development in Abu Dhabi.
  • Construction work starts at Hydra Village

    Two local contractors have started work on the first construction package at Hydra Village development in Abu Dhabi.
  • Contractors gain extension to university monorail tender

    The bid deadline for the fourth package of the Princess Noura bint Abdulrahman University for Women is set to be extended by one month to the end of March.
  • Contractors gain extension to university monorail tender

    The bid deadline for the fourth package of the Princess Noura bint Abdulrahman University for Women is set to be extended by one month to the end of March.
  • Contractors invited to express interest for Palm Jumeirah resort

    Contractors have been invited to express interest in the contract to build the Sofitel resort on the Palm Jumeirah in Dubai.
  • Contractors invited to express interest for Palm Jumeirah resort

    Contractors have been invited to express interest in the contract to build the Sofitel resort on the Palm Jumeirah in Dubai.
  • Cosmo Oil forecasts negative full year results

    Tokyo-based Cosmo Oil, which is partly owned by Abu Dhabi emirate, has adjusted its full year income forecast to predict a net loss of JPY92bn ($1bn), as margins continue to be hit by falling prices and lower demand for refined oil products.
  • Crews unhurt following collision

    No one was hurt in the collision of an oil tanker and a container ship off the coast of Dubai yesterday. Although the stricken tanker Kashmir was left blackened by fire and had a huge gash in in its side, there were no signs of any spill, reported The National. Dubai police said the tanker was carrying liquefied gas.
  • Crude oil prices stabilise in slowing market

    Crude oil prices remained largely stable at $40-42 a barrel over the seven days ended 5 February, with Opec cuts mitigated by inventory gains in the US.
  • Crude prices rise on falling US imports and Opec cuts

    April contracts for the US’ benchmark West Texas Intermediate (WTI) crude oil, the earliest available, increased by $7 a barrel in the week ended 26 February as import levels to the world’s biggest consumer fell.
  • Cyberoam ties up with Oman's Intertech

    Network security vendor Cyberoam has announced its tie-up with Oman-based Intertech to offer its Unified Threat Management (UTM) range of appliances from Elitecore Technologies to the Omani market. Intertech is a systems and networks aggregator, providing consultancy solutions for LAN and WAN, network security, facilities management, outsourcing of IT, helpdesk and remote management services.
  • Daewoo wins $200m Arzew gas train contract

    South Korea’s Daewoo Engineering & Construction has been awarded a Won 409bn ($208m) contract for work on the Arzew liquefied natural gas (LNG) train in Algeria by the Italian/Japanese main contractor on the project.
  • Dana Gas makes further gas discovery in Egypt

    The UAE’s Dana Gas has discovered 100 billion cubic feet (cf) of natural gas in Egypt’s Nile Delta, bringing its total discoveries in the region to 270 billion cf.
  • Dana Gas makes second Egypt gas discovery of 2009

    The UAE’s Dana Gas has made a discovery of approximately 20 billion cubic feet of dry gas at its Haggag concession in Egypt, the company’s second discovery of the year.
  • Dar al Handasah appointed for Oman port study

    The Omani government has appointed Dar Al Handasah (Shair & Partners) as consultant for a feasibility study into the development of a full commercial port at Shinas.
  • Deadline for Yanbu power plant expansion delayed

    Power & Water Utility Company for Jubail & Yanbu (Marafiq) has extended the bid deadline for the phase five and six expansions of a power plant at Yanbu Industrial City by a month.
  • Delayed hotels to open in Doha

    The Grand Hyatt Doha, the Marriott Courtyard and the Marriott Renaissance are all to open their doors 2009, following delays of up to 18 months in construction, The National has reported. The three properties will have a combined room total of 702 units.
  • Delays force Lcal to cancel Boeing Dreamliner orders

    Lcal has cancelled 16 of the 21 Boeing 787 Dreamliners it has on order, in the face of continued delays to the aircraft.
  • Delta to add more flights from Cairo to Atlanta

    US-based Delta Airlines is increasing its flights from Cairo to Atlanta to five times a week, reported Gulf News. The flight frequency will increase from five a week to six in June, according to Manoj Kuriakose, commercial manager in Dubai.
  • Depa expects profits to rise 35%

    Dubai-based interior contractor Depa said it expects its profits to rise 35% this year after additional provisions for projects reduced earnings last year, reported The National. Profits for 2008 rose by between 20% and 22%, according to the company, which has furnished some of the world's most high-profile hotels, including the Burj Al Arab.
  • Depa wins $32m Versace hotel deal

    Dubai-based Depa Limited has announced it has won a $32.7m contract to fit out hotel rooms and furnished apartments in the Palazzo Versace Hotel in Dubai. The project is due for completion on April 30, 2010. The luxury $395m Palazzo Versace Resort, designed by one of the world's leading international design fashion houses, will be located in Culture Village, a Dhs50bn leisure and tourist project being developed by Dubai Properties on the edge of the Dubai Creek.
  • Depa wins another contract at Morocco's Mazagan Resort

    Dubai-based Depa has been awarded a $50m fit-out contract through its Moroccan subsidiary DepaMar.
  • Depa wins another contract at Morocco's Mazagan Resort

    Dubai-based Depa has been awarded a $50m fit-out contract through its Moroccan subsidiary DepaMar.
  • Design for Capital Markets Authority tower to be finalised this year

    Design work on the Capital Markets Authority (CMA) tower in Riyadh is set for completion by the end of 2009.
  • Design for Capital Markets Authority tower to be finalised this year

    Design work on the Capital Markets Authority (CMA) tower in Riyadh is set for completion by the end of 2009.
  • Dewa extends P Station deadlines

    Dubai Electricity & Water Authority (Dewa) has delayed the project to build the P Station power and water plant at Hassyan by six months.
  • Dewa looks for $2.2bn refinancing

    Dubai Electricity and Water Authority (Dewa) is seeking to refinance a $2.2bn loan facility and has begun asking banks to submit pricing indications for extending the loan beyond its maturity in April.
  • Doha North sewage contract awarded

    A consortium of France's Vinci Construction Grand Projects, QDVC, and Entrepose Contracting, also of France, has won the contract to build pumping stations and sewage pipes for the Doha North sewage treatment plant.
  • Doha renews co-operation deal with Chubu Electric

    Qatari Energy and Industry Minister Abdullah bin Hamad al-Attiyah has renewed a memorandum of understanding between the country’s two major power operators and Japan’s Chubu Electric Power Company.
  • Doha to invite international operators to run Mesaieed Port

    Qatar is poised to issue tenders for select international companies to take over management of operations at Mesaieed Port.
  • Dolphin launches refinancing deal into market

    Responses from banks on the refinancing for the $3bn Dolphin pipeline project are expected by the end of March, with financial close scheduled for May, following the launch of the project debt into the bank market.
  • Dow Chemical denies Kuwait bribery charges

    US-based Dow Chemical has denied accusations of bribery in a $17.4bn plastics joint venture deal with state-owned Petrochemical Industries Co. Though the deal collapsed before completion, the Kuwaiti parliament voted to investigate 'suspicions of profiteering and accepting all forms of commissions by oil executives', according to the Kuwait Times.
  • Dow reports $1.6bn loss following collapse of Kuwait deal

    The US’ Dow Chemical has reported a fourth quarter loss of $1.55bn for 2008, as demand for its products slumped and a failed joint venture in Kuwait cost it as much as $100m.
  • Dow slashes dividend in wake of cancelled Kuwait project

    The US’ Dow Chemical has slashed its first quarter 2009 dividend by 64 per cent, as the knock-on effects from the failed K-Dow joint venture with Kuwait continues to hurt the company’s finances.
  • DP World close to 35-year concession at Sokhna

    DP World has opened negotiations with the Egyptian government to finalise a new concession agreement at the Red Sea port of Sokhna.
  • DP World expresses interest in $750m Indian container project

    DP World has expressed an interest in building India’s planned $750m container port in Chennai.
  • DP World to Cut Emissions by 35% at Jebel Ali

    Dubai Ports World said it plans to reduce emissions by 35% at Jebel Ali Port by switching to new engines in its cranes. DP World recently signed an agreement for the more efficient 16 gallon diesel engines with Masaood, the local arm of Volvo-Penta.
  • DP World to freeze tariffs at Jebel Ali

    DP World has announced that it will maintain last year’s tariff rates on cargo at its port in Jebel Ali.
  • DP World to open second port terminal in February

    Dubai’s DP World will open the second terminal of Jebel Ali port at the end of February, increasing capacity at the site by more than 50 per cent, according to DP World’s senior vice president for commercial and corporate strategy Anwar Wajdi.
  • Dragon Oil postpones 2008 results for internal investigation

    Dubai-headquartered Dragon Oil has postponed the release of its 2008 financial results while it investigates alleged improper conduct by former employees.
  • Drops in tourism and Suez Canal trade prompts Egyptian slowdown

    Growth in Egypt's economy slowed sharply in the last three months of 2008, with income from tourism and trade passing through the Suez Canal both down, according to new figures from the Economic Development Ministry.
  • DTCM plans 'Rediscover Dubai' programme

    The Dubai Department of Tourism and Commerce Marketing (DTCM) has held a joint meeting with the Hotel and Hotel Apartment Group and Travel and Tourism Group to discuss efforts in boosting tourism in the emirate. One of the plans includes 'Rediscover Dubai', a familiarization programme which will bring 2,000 tour operators and media representatives from various parts of the world aimed at promoting Dubai in established and emerging tourism outsource markets.
  • Du makes first full-year profit

    Emirates Integrated Telecommunications Company, or Du as it is better know, made its first full-year profit during 2008.
  • Dubai airport passenger traffic up 6% in January

    Dubai Airports has announced a year-on-year growth of 6% in passenger traffic at Dubai International in January this year. Passenger traffic at the Middle East's busiest hub reached 3,300,907 in January 2009 compared to 3,111,188 in the same period last year. By the end of the first quarter this year five new international carriers will have been added to Dubai International's list of airlines. While Wataniya Airways from Kuwait and Mihin Lanka from Sri Lanka have already started their servic
  • Dubai Creek expansion in final stage

    Preparations to start constructing the most crucial part of the Dubai Creek extension are now in the final stages. The next 2.2 kilometre stretch will take the creek from Shaikh Zayed Road back to the sea. Dubai Creek is currently 14 kilometres long and once completed will measure approximately 26.2 kilometres.
  • Dubai Creek ferry planned

    A ferry service in Dubai Creek is set to provide an alternative mode of public transport. According to the Marine Transport Department at the RTA's Marine Agency, the first phase of the Dubai Ferry Service is set to be launched in June 2010. The Marine agency is responsible for developing water transport strategies in line with Dubai's plans to encourage more people to use public transport.
  • Dubai exchange delays launch of plastic futures contracts

    Dubai Gold and Commodities Exchange (DGCX) has postponed the launch of its plastics futures contracts, after requests for more time from industry participants.
  • Dubai Financial Market registers strong gains over week

    The Dubai Financial Market registered the strongest gain in the region, finishing the week up 6.1 per cent at 1,601.
  • Dubai Holding confirms real estate consolidation

    Dubai Holding has confirmed that it will merge the back-office operations of three of its real estate subsidiaries, Dubai Properties Group, Sama Dubai and Mizin, which is part of Tatweer.
  • Dubai Holding confirms real estate consolidation

    Dubai Holding has confirmed that it will merge the back-office operations of three of its real estate subsidiaries, Dubai Properties Group, Sama Dubai and Mizin, which is part of Tatweer.
  • Dubai hotel revenue drops by 25.9%

    Hotel revenue per available room (RevPar) in Dubai fell by 25.9% in December 2008 compared to December 2007, according to the travel research firm STA Global. In November, RevPar also decreased by 15.5% compared to a 17.7% increase in October 2008.
  • Dubai Investments reports rise in profits despite $100m writedown

    Dubai Investments, a government-controlled investment company, has reported a profit for 2008 of AED1.56bn ($425m), up 4 per cent on the previous year despite a writedown of AED368m on the fall in value of some of its assets.
  • Dubai Islamic Bank profits down 8 per cent

    Profits at Dubai Islamic Bank fell by 8 per cent to AED1.73bn ($471m) in 2008, from AED1.88bn in 2007, as a result of provisions for investment losses totaling AED521m.
  • Dubai Maritime City inks Arab Sea Ports MoU

    Dubai Maritime City has recently signed a memorandum of understanding with the Egypt-based Arab Sea Ports Federation to explore joint business opportunities and open new avenues for cooperation and mutual growth. The partnership is part of Dubai Maritime City's programme to engage in long-term business relationships with leading regional and international maritime institutions and reinforce its competitiveness in international markets.
  • Dubai Maritime City signs agreement with Arab Sea Ports Federation

    Dubai Maritime City (DMC) has signed a memorandum of understanding (MoU) with Egypt-based Arab Sea Ports Federation.
  • Dubai Maritime City signs agreement with Arab Sea Ports Federation

    Dubai Maritime City (DMC) has signed a memorandum of understanding (MoU) with Egypt-based Arab Sea Ports Federation.
  • Dubai opens new marina

    The Dubai Roads and Transport Authority said it has completed the construction of a new marina providing docking facilities for boats of Dubai Police, Dubai Golf Club, Al Boom Tourist Village and visitors to the Dubai Creek Park. Mattar Al Tayer, Chairman of the Board and Executive Director of the RTA, said the project, which cost about Dhs11m, was designed to accommodate 17 boats of different sizes.
  • Dubai receives $10bn federal bailout

    The Central Bank of the UAE has loaned $10bn to the Dubai government in order to help the emirate deal with its burgeoning debt pile.
  • Dubai RTA shuts 40 driving schools

    As part of a scheme to improve the driving licensing system, over the last three years, the Dubai Roads and Transport Authority (RTA) has closed 40 driving schools. Stricter licensing controls have also called for new drivers to be reviewed based on their performance each year for three years. A new training syllabus based on best international practices is to be introduced in the second half of 2009.
  • Dubai RTA to launch online journey planner

    The Dubai Road and Transport Authority (RTA) is to launch an online journey planner system in March. The system, in the form of a webpage option is being introduced to ease the travel plans of passengers using public transport modes in Dubai. The system will have route maps and options with full details for passengers to choose from. Users will be able to select the destination either by the bus stop name or the name of a nearby landmark.
  • Dubai sets new standards for tour bus licensing

    Dubai's Roads and Transport Authority (RTA) has set new standards for the licensing of tour buses to ensure tourist safety. The RTA has set 21 general conditions for a tourist bus, such as buses should have a capacity for at least 25 passengers and should not be older than 10 years. The RTA also said buses should have an accessible first aid box, a fire extinguisher, display monitors, shelves for personal luggage, and a tour guide licensed by the Department of Tourism and Commerce Marketing.
  • Dubai ship missing near Somalia

    A ship owned by Al Rashid Shipping Dubai is reportedly missing in Somali waters and may have been seized, Reuters has reported, citing a Kenyan maritime official. The ship has a crew of 14 Indians but there were no other details available yet.
  • Dubai to complete Dhs3.8bn projects

    The Dubai Roads and Transport Authority (RTA) are set to complete 11 major roads and bridges projects across Dubai within the first half of 2009. The costs of the projects total Dhs3.8bn. Projects set for completion include Al Qiyada Interchange on Ittihad Road, widening of Ittihad Road to 16 lanes between Dubai and Sharjah and Mirdif Interchange, among others.
  • Dubai to extend hotel discount promotion

    Dubai is aiming to boost occupancy in its hotels by attracting more tourists from within the region and extending its hotel room-rate discounts beyond the Dubai Shopping Festival, which ends on Feb 15, reported The National. The emirate's Department of Tourism and Commerce Marketing believes that the economic downturn will lead to a shift to the short-haul market, so it plans to promote Dubai to short-haul destinations. As a further boost, DTCM plans to extend its room rate discount promotion
  • Dubai unveils performance scheme for taxis

    The Dubai Taxi Corporation at the Roads & Transport Authority has launched a new performance-related scheme that will enable taxi drivers to earn bonuses for meeting quality standards. The merits point incentive provides for quarterly rewarding of drivers who earn 100 points with Dhs300 in cash, Dhs100 by way of shopping voucher, a certificate of appreciation and other prizes. Drivers who manage to obtain 98 points will get a cash payment of Dhs100 plus a shopping voucher of Dhs100 as well, w
  • Dubai visitors can now get visas via e-mail, SMS

    Visitors to Dubai can now receive visas by e-mail and SMS through a new service introduced this week by the Dubai Naturalisation and Residency Department. Under the Mobile Visa scheme, customers applying for visas online at www.ednrd.ae will be asked to pay an additional fee for the service. When the visa is issued the customer will be notified through an e-mail that will include an original e-visa document with the DNRD logo and signature of the director.
  • Dubai World lays off 100 employees

    Dubai World, the government owned investment vehicle, has made 100 employees of its corporate services division redundant as a result of the impact of the global economic slowdown.
  • Dubai World, MGM may be in talks with Deutsche Bank

    Dubai World and casino operator MGM Mirage are rumoured to be in talks with Deutsche Bank about terms under which the partners would secure the final $1.2bn in financing for their Las Vegas Strip CityCenter project, reported Reuters. MGM Mirage and Dubai World have yet to raise all of the money needed to complete CityCenter, most of which is scheduled to open at the end of this year. Last year Deutsche Bank acquired the under-construction Cosmopolitan Resort & Casino in a foreclosure after de
  • Dubai’s Leisurecorp cuts jobs due to downturn

    Dubai-based developer Leisurecorp has laid off 40 employees in a response to the market downturn and will now focus its efforts on golf-related projects.
  • Dubai’s Leisurecorp cuts jobs due to downturn

    Dubai-based developer Leisurecorp has laid off 40 employees in a response to the market downturn and will now focus its efforts on golf-related projects.
  • Dubai's beaches declared clean

    Dubai Municipality has said that the emirate's beaches are clean and sewage-free, dismissing reports to the contrary. The Director-General told reporters that samples had been taken from all the city's beaches and that no pollutants harmful to human health were found.
  • Dubai's Green Line to open in March 2010

    The Green Line of the Dubai Metro will begin operations in March 2010, said a senior official at Dubai's Roads and Transport Authority yesterday. Peyman Younes Parham, Director of RTA Marketing and Corporate Communication Department also dismissed rumours that the Red Line will be delayed and will be opened up in phases. The total length of these two routes is 75km including the 52km Red Line and 23km Green Line, reported Emirates Business.
  • Economic Zones World targets US, China, and India

    The UAE's Economic Zones World will move ahead with projects in the US, China and India this year, but will keep other international projects under review while it assesses the impact of the economic downturn.
  • Egas attracts bids for six offshore blocks

    Bids have been submitted for six Egyptian Gas Holding Company (Egas) offshore exploration blocks, a senior company source tells MEED.
  • Egypt heads for $4.9bn current account deficit

    Egypt's current account balance swung into deficit between July and December last year, according to figures from the Economic Development Ministry released on 26 February.
  • Egypt to save $230m by ending fertiliser subsidies

    Egypt will scrap fertiliser subsidies at the end of the year, according to an announcement by Agriculture Minister Amin Abaza on 10 February.
  • Egypt tourism grows 15%

    Egypt's tourism receipts grew 15% to $3.28bn in the first quarter of the fiscal year 2008-2009 which ended on Sept 30, the government said. The country's tourism receipts in the same period a year ago stood at $2.84bn.
  • Egypt: Coke overdoors and frames

    Supply and supervision of installation of 180 zero-leakage coke overdoors and frames. Closing date: 16 March 2009
  • Egypt: Combustion turbine generators

    Carrying out the combustion turbine generators package for a combined cycle power station project. Closing date: 3 May 2009
  • Egypt: Combustion turbine generators

    Carrying out the combustion turbine generators package of a power station project. Closing date: 3 May 2009
  • Egypt: Fork-lift trucks

    Supply of 11 five-tonne fork-lift trucks. Closing date: 24 February 2009
  • Egypt: Fork-lift trucks

    Supply of 11 five-tonne fork-lift trucks. Closing date: 24 February 2009
  • Egypt: Housing

    Construction of 101 residential buildings comprising 2,020 housing units. Closing date: 23 February 2009
  • Egypt: Housing

    Construction of 101 residential buildings comprising 2,020 housing units. Closing date: 23 February 2009
  • Egypt: Housing (Safaga 1)

    Construction of 35 residential buildings comprising 700 housing units. Closing date: 2 March 2009
  • Egypt: Housing (Safaga 1)

    Construction of 35 residential buildings comprising 700 housing units. Closing date: 2 March 2009
  • Egypt: Housing (Safaga 2)

    Construction of 35 residential buildings comprising 700 housing units. Closing date: 8 March 2009
  • Egypt: Housing (Safaga 2)

    Construction of 35 residential buildings comprising 700 housing units. Closing date: 8 March 2009
  • Egypt: IT training services

    Provision of IT training services for 2,500 university post graduates. Closing date: 15 April 2009
  • Egypt: School computer laboratories

    Supply of computer laboratories for 590 schools. Closing date: 1 April 2009
  • Egypt: Schools

    Construction of schools. Closing date: 16 March 2009
  • Egypt: Schools

    Construction of schools. Closing date: 16 March 2009
  • Egypt: Substation

    Implementation of a 220/22kV gas-insulated switchgear substation. Closing date: 24 March 2009
  • Egypt: Thermal cement

    Supply of 1,100 tonnes of thermal cement. Closing date: 10 March 2009
  • Egypt: Transformers

    Supply of two 125MVA, 22/22/220kV transformers. Closing date: 31 March 2009
  • Egypt: Turbine generators

    Carrying out the combustion turbine generators package of a power station project. Closing date: 3 May 2009
  • Eight candidates to contest presidency with Bouteflika

    Algerian president Abdelaziz Bouteflika faces competition from eight other candidates in the presidential election on 9 April.
  • Elixier lines up nitrogen pipeline bidders

    UAE/German gas firm Elixier is prequalifying local firms for a nitrogen pipeline construction contract, with the bidding process expected to begin in the second quarter of 2009 after a survey of the planned works.
  • Emaar closes Saudi brokerage arm

    Emaar, the UAE real estate developer, has wound up its brokerage business in Saudi Arabia less than a year after the division started operations.
  • Emaar reports fourth quarter profit of $1.4m

    UAE-based developer Emaar Properties made a profit of just AED5m ($1.4m) in the fourth quarter of 2008, according to its latest set of results.
  • Emaar reports fourth quarter profit of $1.4m

    UAE-based developer Emaar Properties made a profit of just AED5m ($1.4m) in the fourth quarter of 2008, according to its latest set of results.
  • Emaar’s US-based subsidiary files for bankruptcy

    Emaar Properties’ US-based subsidiary John Laing Homes has filed for bankruptcy.
  • Emaar’s US-based subsidiary files for bankruptcy

    Emaar Properties’ US-based subsidiary John Laing Homes has filed for bankruptcy.
  • EMC ventures centre in Abu Dhabi

    EMC has recently opened its centre in Abu Dhabi in partnership with Emirates Computers, targeting to capture half of the Dh1.47bn market in the region's corporate data management, The National has reported. The new Abu Dhabi centre will host applications and trial projects, but for large customers the heavy lifting will take place at EMC data centres and server farms in Ireland and the US.
  • Emirates adds flights to Australia

    Emirates Airline has increased its flights to Australia now with a second daily service to Brisbane and a third daily service to Melbourne, with immediate effect. The two new services to Brisbane and Melbourne will operate non-stop and escalate the airline's weekly capacity to 63 flights to four Australian gateways.
  • Emirates launches low-cost airline search tool

    Emirates Airline is now offering travelers an enhanced online travel planning tool which builds itineraries by combining Emirates flights with low-cost airline connections outside the Emirates network. Details of connecting flights to over 300 destinations throughout Europe, the Far East, India and Canada are now available to travelers via emirates.com, thanks to arrangements in place with five airlines - AirAsia, easyJet, clickair, IndiGo, JetLite and WestJet. The new service is designed to
  • Emirates NBD launches sukuk fund

    The UAE's Emirates NBD has launched a fund which it hopes will raise up to $100m to invest in regional sukuk issues, in an effort to capitalise on the high yields for Islamic finance products.
  • Emirates outlines fleet expansion plans for 2010

    Emirates Airline’s fleet expansion strategy for 2009-2010 will see a radical increase in passenger and cargo capacity.
  • Emirates plans 14% more flights

    Emirates Airline has recently announced plans to grow the number of flights across its network by 14% in 2009. This meant it will add 18 new passenger aircraft to its fleet. Cargo flights are also increasing its capacity by 17%. In total, the additional capacity will see more than 8,635 seats and around 600 tonnes of cargo capacity added to the Emirates fleet.
  • Emirates tallies 100,000th passenger in-flight

    Emirates in-flight mobile telephone service tallied its 100,000th user this week, the airline announced today. A total of 31 Emirates passenger aircraft are now installed with the AeroMobile service, the largest of any commercial airline. The service typically sees more than 30% of passengers on each flight taking advantage of the system, the carrier said. The first 50,000 users were recorded in the first nine months since the system's launch, while the second 50,000 were clocked up in less t
  • Emirates to launch Durban flights in October

    Emirates Airline announced today that it is launching flights to Durban, South Africa from Oct. 1 this year. The daily service will provide the only direct air link between Dubai and Durban, one of South Africa's host cities for the World Cup in 2010. Emirates, an official partner of the football tournament, already flies to Cape Town and Johannesburg.
  • Emirates to launch fewer new routes in '09

    Emirates Airline said it plans to launch fewer new routes this year, and instead will be concentrating on strengthening its presence on routes where there is a greater demand from its customers. The airline said it will take 18 new aircraft into its fleet, and grow its weekly flight and seat capacity by 14%. 'The next year is not going to be an easy ride for the airline industry,' said Sheikh Ahmed bin Saeed, the chairman and chief executive of Emirates.
  • Epsilon reviews Yemen activities after abandoning well

    Canada-headquartered Epsilon Energy has plugged an oil well in Yemen after tests showed that it was not commercially viable, and is now discussing its future at its Area 41 concession in the country.
  • Equate delays completion of Greater Equate projects

    The completion of a series of projects planned by the US/Kuwait joint venture Equate has been delayed until later this year, for undisclosed reasons.
  • Esca takes control of investment company regulations

    The Central Bank of the UAE and the Emirates Securities & Commodities Authority (Esca) have signed an agreement giving the capital markets regulator the exclusive right to regulate investment companies for the first time.
  • Etihad aims for 25 million passengers

    Abu Dhabi-based Etihad Airways aims to fly 25 million passengers a year by 2020 and boost its network to up to 100 destinations worldwide, a top company executive said on Wednesday. Geert W. Boven, Etihad's executive vice president for sales and services, was speaking at a function hosted by the Abu Dhabi Tourism Authority. Etihad flew six million passengers in 2008 and it currently flies on 50 routes, which include destinations in the Middle East, Europe, North America, Africa and Asia.
  • Etihad launches luxury class promotion

    Abu Dhabi-based Etihad Airways is offering customers in the UAE who book a first or business class seat a second seat for free. The 'two-for-one' offer is available to customers who book first or business class seats between February 12 and 16, inclusive. All outbound travel must be completed by March 31, 2009 and journeys completed by May 31, 2009.
  • Etihad launches promotion for UAE customers

    Abu Dhabi-based Etihad Airways has launched a new sales promotion within the UAE with return flights to destinations within Europe, Africa, North America, Asia and the Middle East from its Abu Dhabi base costing as little as Dhs530 ($144). The promotion offers economy class return fares to the four popular Indian destinations of Cochin, Kozhikode, Chennai and Trivandrum starting from Dhs530. European destinations include London, Paris, and Frankfurt with promotional economy class fares starti
  • Etihad to fly to Chicago

    Etihad Airways, the national airline of the UAE, will begin flights to the US city of Chicago from Wednesday 2 September, 2009. The route will be served initially three times a week and will increase to daily flights from Thursday 1 October, 2009. Chicago, the third largest city in America and the biggest in the state of Illinois, will be the Abu Dhabi-based airline's second US destination joining its daily flight to New York. Chicago, the third largest city in America and the biggest in
  • Expansion of Fujairah port container terminal delayed

    DP World has postponed the planned expansion of the container terminal at Fujairah Port, as it reassesses costs in the wake of the global economic downturn.
  • Fattouch launches Sudan mobile network

    Lebanon's Fattouch Investment Group has launched the Vivacell mobile network in Sudan, becoming the fourth mobile operator in the country.
  • Financing for Disi conveyor to be in place by March

    Jordan’s $1bn Disi conveyor project is expected to reach financial close by the end of March, according to a source close to the scheme.
  • Firms invited to bid for design work on Nasr field

    Firms in the UAE have been asked to express interest in bidding for an engineering design contract on the Abu Dhabi Marine Operations Company (ADMA-OPCO) Nasr field development.
  • Firms invited to bid for Oman coastal road scheme

    The Supreme Committee for Town Planning has invited contractors to bid by 16 March for the estimated RO100m ($260m) contract to build the first phase of the Batinah coastal road in northern Oman.
  • Firms invited to bid for Oman coastal road scheme

    The Supreme Committee for Town Planning has invited contractors to bid by 16 March for the estimated RO100m ($260m) contract to build the first phase of the Batinah coastal road in northern Oman.
  • Firms line up for Pearl gas service deal

    Eight companies have prequalified for lucrative integrated service contracts on $16bn-plus Pearl gas-to-liquids (GTL) facility at Ras Laffan, planned by the UK/Dutch Shell Group.
  • Firms prepare bids for Bab oil field compressor

    Six groups are expected to submit commercial bids on 24 February to Abu Dhabi Company for Onshore Oil Operations (Adco) for the contract to install gas compressors at its onshore Bab field.
  • Firms prepare Sharjah crude storage bids

    Abu Dhabi National Oil Company for Distribution (Adnoc Fod) has issued a tender for an engineering, procurement and construction (EPC) contract to build a fuel storage facility in Sharjah’s Hamriyah free zone.
  • First phase of Asian Games site complete

    Construction of the first phase of the 2nd Asian Beach Games site in Oman has been completed, according to the local developer Omran.
  • First phase of Asian Games site complete

    Construction of the first phase of the 2nd Asian Beach Games site in Oman has been completed, according to the local developer Omran.
  • First phase of Jubail 2 to be completed in April

    The first phase infrastructure work for Jubail 2, on the Gulf coast of Saudi Arabia, is expected to be completed by April, according to the project manager.
  • First phase of new Dubai airport delayed

    The opening of the first phase of Dubai World Central, the world's biggest airport, is behind schedule because of delays in construction, the head of Dubai Airports told Bloomberg. Paul Griffiths, Dubai Airports CEO, said DWC will open in 2010 instead of before the end of this year due to 'a number of factors mostly relating to the readiness of infrastructure and the capability of Dubai International to more than cope with existing traffic'. The airport's first of the six runways was schedule
  • Fitch warns that banks won’t match 2008 profit levels

    Fitch Ratings has warned that UAE banks will be unable to match 2008's profit levels this year, because of the worsening real estate market, the rising costs of funding, and losses on investments.
  • Flash labelled a 'disruptive technology'

    Solid state storage has the potential to be a disruptive technology in the storage sector. Speaking at a Storage Network Industry Association event in Dubai, Evangelos Eleftheriou, an IBM Fellow, said that its input/output speed and cost per gigabyte makes it an attractive technology for the future. The challenge, he added, is whether it continue to scale in capacity size.
  • FlyDubai to hit the skies in mid-2009

    The CEO of FlyDubai, the emirate's first low-cost carrier, said the airline is set to launch within a few months despite delays in deliveries from its supplier Boeing due to the machinists' strike last September, reported Gulf News. Gaith Al Gaith said the carrier would initially fly to destinations within a four to five hour radius of Dubai, but he did not reveal specific destinations.
  • Flydubai to launch with flights to India

    Flydubai will launch this summer with flights to five Indian cities.
  • Foster Wheeler wins Basra oil export award

    Iraq's South Oil Company has formally awarded a front end engineering and design (FEED) contract to the US' Foster Wheeler for new oil export facilities to supplement the existing Basra export terminal.
  • Fresh doubts raised over progress on Shah gas development

    Sources close to the $12bn Shah sour gas development planned by Abu Dhabi National Oil Company (Adnoc) say that progress on the project is in doubt due to the economic climate and delays to the design process.
  • Fujairah Rotana appoints new GM

    Rotana Hotels has announced the appointment of Mrad El Khoury as general manager at its Fujairah Rotana Resort and Spa. El Khoury had been the GM at Burjuman Rotana since February 2006.
  • Fujitsu Siemens sees high growth for notebooks

    Fujitsu Siemens Computers' notebook business posted growth across the Middle East in the fourth quarter of 2008, despite the economic slowdown, including a 242% jump in year-on-year sales in Egypt, the company said in a statement. Fujitsu Siemens Computers also continued its presence in the region's desktop market posting a 46% YoY growth in Saudi Arabia while the market there grew at a mere six per cent, and 65% in other Middle East markets.
  • GAC opens new office in India

    GAC has expanded in Gujarat, India with the opening of its new office in Vadodara. The new office is the eighth logistics office and the 24th in its network in the country.
  • Gaza/West Bank: Technical manual development

    Development of a municipal development fund’s internal technical manual. Closing date: 15 February 2009
  • GCC infrastructure fund makes first investment in Abu Dhabi

    A joint venture between Abu Dhabi Commercial Bank (ADCB) and Australia’s Macquarie has made its first investment of $188m in four projects commissioned by ZonesCorp, an Abu Dhabi-government owned body responsible for developing infrastructure in the emirate.
  • GE signs $1bn turbine project in Saudi

    GE Energy has signed a contract for nearly $1bn to supply more than 30 Frame 7EA gas turbines for the Saudi Electricity Company's (SEC) Riyadh Power Plant 10 (PP10), reported Arab News. GE says the project will add 2,000 megawatts of much-needed power to help support the region's economic and population growth.
  • German firm buys stake in Damietta gas licence in Egypt

    German gas firm Eon Ruhrgas has bought a 29 per cent stake in the northwest Damietta offshore exploration licence in the Nile Delta from Shell Egypt.
  • Giant Ferris wheel planned for Jeddah

    Saudi Arabia plans to build a giant Ferris wheel as part of a project to develop 12 kilometers of Jeddah's coast line, Arab News has reported. Ashraf AlTurki, head of the open areas design and planning department at Jeddah municipality, said the wheel will be known as the Jeddah Eye and will become one of the city's key landmarks.
  • Global passenger demand falls 5.6% in January

    International passenger demand fell by 5.6% in January 2009 compared to the same month in 2008, according to new figures from the International Air Transport Association. The January fall in demand is the fifth consecutive month of contraction, IATA said. The Middle East was the only region with a positive traffic growth of 3.1%. However, this is far below both the double-digit traffic growth in 2008 and the 10.8% expansion in capacity, the report noted.
  • Globalisation goes into reverse

    Protectionism is rife and the best that can be hoped is for efforts to focus on the regional, not national.
  • Google search problems blamed on 'human error'

    Technical problems with the internet search engine Google, which left users unable to access search results at the weekend, have been blamed on 'human error' by the company. The company regularly updates its list of potentially malicious sites, when this was done on Saturday all sites on the web were mistakenly listed as harmful, meaning that users were advised by Google to pick alternatives when to access their search results.
  • Growth in airline capacity continues to outpace rising passenger numbers

    The Middle East was the only region to enjoy growth in aviation passenger numbers during January, but cargo traffic fell sharply and capacity continues to far exceed demand.
  • Growth in Saudi economy flat in 2009, predicts Shuaa Capital

    Saudi Arabia is expected to record economic growth of just 0.33 per cent in 2009, down from 4.8 per cent in 2008, as a result of dwindling oil revenues, according to the UAE’s Shuaa Capital.
  • Gulf Air leases four more long-haul aircraft

    Gulf Air has agreed a deal to lease four new Boeing 777 ER aircraft from the Indian carrier Jet Airways.
  • Gulf Aluminium Council to be launched

    The Gulf Aluminium Council is being set up to promote and represent the interests of the growing aluminium industry in the region and will receive support and assistance from the Aluminium Federation, the UK Trade association for the aluminium industry. The Gulf Aluminium Council will include Dubai Aluminium Company (DUBAL), Aluminium Bahrain (ALBA), Emirates Aluminium (EMAL), Qatar Aluminium (QATALUM), Saudi Arabian Mining Company (MA'ADEN) and Sohar Aluminium.
  • Gulf Hotels posts 28% revenue increase

    Gulf Hotels Group, the owner and operator of Gulf Hotel - Bahrain, Gulf Executive Residence, Gulf Convention Centre and Gulf Brands International, posted a 28% increase in gross revenues, up BD29.5m from BD6.5m in 2007. Net profit hit BD8.9m, representing an increase of BD3.2m, or 57.4%, compared with 2007.
  • Gulf Navigation's profit up 23% in 2008

    Gulf Navigation has announced a net profit of Dhs148.22m last year, up nearly 23% from 2007. Revenues were up 45% year on year at Dhs395.95m in 2008. The company credited its growth to a cautious strategy for dealing with the current global financial downturn and reliance on long-term charters.
  • Gulf projects 02 February 2009

    The MEED index of projects planned or under way in the Middle East grew by 0.2 per cent in the week to 2 February.
  • Gulf projects 02 February 2009

    The MEED index of projects planned or under way in the Middle East grew by 0.2 per cent in the week to 2 February.
  • Gulf projects 26 January 2009

    The MEED Projects index fell by another 0.6 per cent to reach $2.94 trillion in the week to 26 January.
  • Gulf projects 26 January 2009

    The MEED Projects index fell by another 0.6 per cent to reach $2.94 trillion in the week to 26 January.
  • Gulf projects shock: Spending may actually rise in 2009

    Government spending is set to continue on priority projects: ones that increase gas availability and power and water production.
  • Gulf projects shock: Spending may actually rise in 2009

    Government spending is set to continue on priority projects: ones that increase gas availability and power and water production.
  • Hitachi posts $4.13bn net loss in Q4

    Hitachi, Japan's largest electronics maker, posted an October-December net loss of 371 billion yen ($4.13bn) against a 12.5 billion yen profit a year earlier on struggling chip operations and a slump in demand for electronics products, reported Reuters. The company also reaffirmed a forecast for a $7.8bn annual loss - which would be the biggest ever by a Japanese manufacturer.
  • Hotels ask staff to take unpaid leave

    An increasing number of companies in the UAE are asking expatriate employees to take undpaid leave rather than making them redundant, The National has reported. Many of the companies making cuts are hotels, which have seen revenue decline by up to 60% since the final quarter of last year due to a sharp fall in occupancy and room rates. Dhow Palace, a five-star hotel in Burj Dubai, has given a quarter of its staff a one-way ticket home on unpaid leave for three to four months.
  • HP delivers BladeSystem solution blocks

    HP has launched a new set of HP BladeSystem configurations for Microsoft technologies designed to quickly and cost-effectively help organizations deploy, upgrade and consolidate Microsoft business applications onto a common infrastructure, according to a press statement. New solution blocks announced today include a collaboration configuration, based on Microsoft Office SharePoint Server, and a data management solution block, based on Microsoft SQL Server. The addition of these offerings to t
  • Hydra Aviation JV formed at Idex

    Abu Dhabi's Hydra Trading and UK company, Air Touring launched a joint venture company called Hydra Aviation during Idex. Hydra Aviation debuted the Socata TBM 850 - a new class of airplane at the defence show. The plane targets (within a limited geographically area) of high net-worth clients and corporate executives.
  • IHG opens Third Crowne Plaza in Oman

    InterContinental Hotels Group (IHG) has officially opened Crowne Plaza Sohar. The opening marks IHG's third Crowne Plaza property in Oman. Crowne Plaza Sohar consists of 126 rooms, all with a private balcony, of which 44 deluxe bedrooms are designed for long stay guests with a walk-in wardrobe.
  • IMF asked not to publish report on UAE economy

    The IMF has concluded its consultation with the UAE regarding the economic outlook for the country, but has not published its report at the request of Abu Dhabi.
  • IMF predicts GDP growth of 3.5 per cent for the GCC

    The IMF is predicting that real GDP growth in the GCC will be 3.5 per cent in 2009, reflecting a further downward revision from its earlier forecast of 5.1 per cent.
  • IMF releases downbeat review of West Bank economy

    The IMF has said that the economic and political situation of the West Bank & Gaza is “far bleaker than hoped for”, after reviewing progress since its Palestinian Reform and Development Plan (PRDP) was produced in December 2007.
  • Indago settles Oman insurance claim

    UK-based Indago Petroleum has settled an insurance claim for a blowout at its Jebel Hafit concession in Oman.
  • India Tourism targets Dubai

    In a bid to attract more tourists from the UAE to India, Incredible India branded buses will soon appear on the streets of Dubai. Two public buses of the Roads and Transport Authority will display the advertisement and ply the streets for six weeks.
  • Industrial investment in Sharjah on the rise

    The UAE emirate of Sharjah is seeing huge growth in investment, according to Shaikh Abdullah bin Fahid Al Shakrah, Chairman of Al Hanoo Holding and Emirates Industrial Cities Company. 'Recently, investors have been keen to invest in new areas. A lot of these investors have chosen the industrial sector, increasing the number of licenses, industrial facilities, workers, and types of industrial facilities. This clearly shows that the UAE is not exclusive to real estate investment, but is also ac
  • Intel Capital invests in three UAE companies

    Intel Capital, Intel Corporation's global investment organization, has announced an investment in three UAE-based technology companies: Conservus International, Pulse Technologies, and Vertex Animation Studio, Intel said today in a statement. The funding, from the Intel Capital Middle East and Turkey Fund, will assist the companies in pursuing regional growth and development plans in addition to extending their product offerings. Intel Capital led all three investments; the amount of each inv
  • Investors put $2.65bn into Bahrain projects

    Investors plan to pump more than $2.65bn into new industrial projects in Bahrain. Applications to 295 projects, with a total investment value of BD844.8m ($2.2bn), were given primary approval by the ministry last year. The projects include 106 in the engineering industry, 83 in aluminium, 46 in petrochemicals and plastics, 34 in food items and medicine, 22 in wood furniture and four in readymade garments.
  • Ipic acquires Nova Chemicals in $2bn deal

    The UAE’s International Petroleum Investment Company (Ipic) has launched a $2bn friendly takeover of Canada’s Nova Chemicals.
  • Ipic sets up $1.5bn joint venture energy transportation fund

    Abu Dhabi’s International Petroleum Investment Company (Ipic) has continued its recent trend of investments by signing a memorandum of understanding with Greece’s Restis Group to create a $1.5bn energy transportation joint venture.
  • Iran may consider increasing use of gas reinjection, says analyst

    Iran may consider increasing the level of gas supplies dedicated to reinjection into its ageing oil fields to avoid declines in production rates, according to a regional analyst.
  • Iran opens new Gulf container port

    Iran has completed work on a new port at Aftab on the country’s Gulf coast.
  • Iran: Acidising additives

    Supply of acidising additives. Closing date: 13 April 2009
  • Iran: Boiler feed water electric pumps (closing date extension)

    Supply of boiler feed water electric pumps. New closing date: 14 March 2009
  • Iran: Bunkering services

    Provision of bunkering services. Closing date: not stated
  • Iran: Chemical fertilisers

    Supply of chemical fertilisers. Closing date: 10 March 2009
  • Iran: Chemical materials

    Supply of chemical materials (EDTA). Closing date: 8 March 2009
  • Iran: Coin counting and wrapping machines

    Supply of coin counting and wrapping machines. Closing date: not stated
  • Iran: Coin-blanks

    Supply of IR250, IR500 and IR1,000 coin-blanks. Closing date: 10 March 2009
  • Iran: Cooling tower parts

    Supply of parts for a Sulzer cooling tower. Closing date: 17 February 2009
  • Iran: Dim-ethyl disulphide

    Supply of dim-ethyl disulphide. Closing date: 2 March 2009
  • Iran: Electrical equipment and machinery

    Provision of electrical equipment and machinery. Closing date: 23 February 2009
  • Iran: Fibre optic link

    Supply of a fibre optic link. Closing date: 7 March 2009
  • Iran: Gas oil depressant

    Supply of pour point depressant for gas oil. Closing date: 10 February 2009
  • Iran: Graving dock electrical installations

    Supply and installation of electrical installations for graving docks. Closing date: 9 May 2009
  • Iran: Iron ore concentration plant

    Construction, an on engineering, procurement and construction (EPC) basis, of an iron ore concentration plant. Closing date: 23 February 2009
  • Iran: Per-chloroethylene

    Supply of per-chloroethylene. Closing date: 8 March 2009
  • Iran: Pipes and fittings

    Supply of pipes and fittings. Closing date: not stated
  • Iran: Syringes and needles

    Supply of syringes and needles. Closing date: 8 March 2009
  • Iran: Titanium dioxide

    Supply of titanium dioxide. Closing date: 22 February 2009
  • Iran: Urban upgrade and housing reform consultancy

    Provision of consultancy services for carrying out urban upgrading and housing reform. Closing date: 2 March 2009
  • Iran: Urban upgrade and housing reform consultancy

    Provision of consultancy services for carrying out urban upgrading and housing reform. Closing date: 2 March 2009
  • Iran: Urban upgrade and housing reform consultancy

    Provision of consultancy services for carrying out urban upgrading and housing reform. Closing date: 23 February 2009
  • Iran: Urban upgrade and housing reform consultancy

    Provision of consultancy services for carrying out urban upgrading and housing reform. Closing date: 23 February 2009
  • Iran: Wastewater treatment plant

    Provision of foreign financing, design, construction and completion of a wastewater treatment plant. Closing date: 6 April 2009
  • Iran: Welded pipes

    Supply of welded pipes. Closing date: 28 February 2009
  • Iranian firm wins $1.5bn contract to rebuild Basra

    The Basra Investment Commission has awarded a $1.5bn contract to redevelop parts of the city of Basra to an unnamed construction firm from Iran.
  • Iranian firm wins $1.5bn contract to rebuild Basra

    The Basra Investment Commission has awarded a $1.5bn contract to redevelop parts of the city of Basra to an unnamed construction firm from Iran.
  • Iraq awards Karbala refinery deal to Technip

    Iraq's State Company for Oil Projects (Scop) has awarded France's Technip a Eur20m ($25.2m) front-end engineering and design (FEED) contract for the construction of a new refinery in Karbala.
  • Iraq plans for full control of airspace within a year

    Iraq has agreed a timetable with the US that could see the country take back full control of its airspace by early next year, for the first time since 1990.
  • Iraq ready to issue licences to foreign airlines

    Iraq has indicated it is ready to grant licences to any international carrier wishing to establish air links with the country.
  • Iraq reopens passenger railway from Baghdad to Falluja

    Iraq has reopened the first passenger rail services for five years between Baghdad and Falluja.
  • Iraq seeks customs equipment for southern ports

    Iraq is seeking international companies to modernise cargo scanning and logging systems at the nation’s ports.
  • Iraq seeks investment from Emirates International

    Baghdad says it is in talks with Emirates International Investment Company (EIIC) over potential investment in the Iraqi real estate sector by the UAE group.
  • Iraq seeks investment from Emirates International

    Baghdad says it is in talks with Emirates International Investment Company (EIIC) over potential investment in the Iraqi real estate sector by the UAE group.
  • Iraq signs oil swap deal with South Korea

    Iraq has signed an innovative energy deal with South Korea which will see Seoul invest $3.55bn worth of infrastructure in return for the right to export oil from fields in the southern Basra region.
  • Iraq tenders three more berths at Umm Qasr port

    Iraq has issued tenders inviting foreign shipping companies to run three new berths at the country’s main deep sea port of Umm Qasr.
  • Iraq to reopen Baghdad-Falluja railway

    Baghdad is close to completing repairs on its minerals railway in the west of the country, and will open a section of the track between Baghdad and Falluja by mid-February.
  • Iraq: Aviation fuel transport trailers

    Supply of 50 semi-trailers for the transport of aviation fuel. Closing date: 1 April 2009
  • Iraq: Boiler rehabilitation

    Rehabilitation of a boiler at a thermal power plant. Closing date: 20 February 2009
  • Iraq: Cable trencher excavators

    Supply of cable trencher excavators. Closing date: 9 March 2009
  • Iraq: Carbon steel plate

    Supply of carbon steel plate. Closing date: 22 March 2009
  • Iraq: Cargo trucks

    Supply of 26 two-tonne light cargo cargo trucks. Closing date: 22 March 2009
  • Iraq: Corrosion and scale inhibitor

    Supply of corrosion and scale inhibitor. Closing date: 24 February 2009
  • Iraq: Fuel oil additives

    Supply of 50 tonnes of fuel oil additives. Closing date: 24 March 2009
  • Iraq: Hospital accommodation (CD extension)

    Construction of an accommodation building for a hospital. New closing date: 1 March 2009
  • Iraq: Hospital accommodation (CD extension)

    Construction of an accommodation building for a hospital. New closing date: 1 March 2009
  • Iraq: Hospital accommodation building

    Construction of an accommodation building for a hospital. Closing date: 11 February 2009
  • Iraq: Hospital accommodation building

    Construction of an accommodation building for a hospital. Closing date: 11 February 2009
  • Iraq: Oil treatment plant

    Supply of an oil treatment plant. Closing date: 25 March 2009
  • Iraq: Skid-mounted scraper traps

    Supply of launching and receiving, skid-mounted scraper traps. Closing date: 24 March 2009
  • Iraq: Valves and fittings

    Supply of relief valves and fittings. Closing date: 8 March 2009
  • Iraqi public sector workforce too big says UN

    The proportion of Iraqis employed in the public sector has doubled in the last three years and is untenable given the slump in oil prices, according to a new report from the UN.
  • IT agent of change in economic crisis

    The global economic crisis will give technology heads a chance to shine within their company, if they use IT to improve business systems and their organisation's bottom line. IDC is forecasting 0.5% growth in IT spending globally, but said the regional picture is healthier. John Gantz, Chief Research Officer at analysts IDC, said: 'The economic crisis is a technology change agent.' This means the CIO's job will get more complex, because technology change is part of what will come from the eco
  • Italian firm wins Ras Abu Ali upgrade contract

    Saudi Aramco has awarded Italian contractor Bonatti a SR594m ($158m) contract to upgrade the water injection facilities at the Ras Abu Ali plant which handles gas-oil separation for the Berri oil field.
  • J Ray McDermott wins $1.2bn Karan contract after cutting bid

    UAE-based J Ray McDermott has won a construction contract for the platforms and pipelines package at Saudi Aramco's Karan gas development, after the contractor reduced its original bid by more than $100m.
  • Japex to begin operations at Libyan offshore concession

    Japan Exploration Company (Japex) is to begin operations at an offshore concession in Libya by the end of February, a company source tells MEED.
  • Jazeera Airways offers flights for $3

    Kuwait's Jazeera Airways has announced that it is offering nearly 2,000 one way tickets for KD1 ($3.40) to mark the country's 18th Liberation Day, reported KUNA. A total of 1,991 seats will be offered to passengers at the bargain price under the promotion, which begins today and runs until tomorrow. The offer included trips to Beirut, Dubai, and New Delhi, and bookings are available for flights from March 2 until April 30.
  • Jazeera Airways to expand routes, fleet

    Jazeera Airways announced new plans for expansion yesterday and said it believed the airline will benefit from the economic downturn as companies and individuals seek better deals. The Kuwait and Dubai-based carrier said it is now considering a third hub somewhere within the Middle East, North Africa and South Asia, and planned to open the base by the end of the year. Jazeera is also introducing four new destinations, which will be in addition to the Doha, Deir Ezzour and Khartoum services th
  • Jazeera Airways unveils former Sama boss as chief executive

    Jazeera Airways has appointed Andrew Cowen as the company’s new chief executive officer.
  • Jebel Ali receives world's biggest container ship

    Jebel Ali Port, the flagship for global marine terminal operator DP World, recently welcomed the biggest container vessel in the world. The MSC Daniela is capable of carrying 14,000 TEUs (twenty-foot equivalent containers), has an overall length of 366 metres, a 51 metre beam, gross tonnage of 135,000 tonnes and a maximum draught of 15 metres.
  • Jeema acquires Aquafina factory

    Jeema Mineral Water, announced it has recently bought the factory of Aquafina in Dibba, Fujairah. The sale is also in line with the signing of a co-packing agreement with Dubai Refreshments Co, under which Jeema would undertake the monitoring of the package operations of Aquafina trademark. The deal seeks to improve the manufacturing process of Jeema and assist in the production of new bottle sizes for the company.
  • Jet Airways to lease aircraft to Oman Air

    Mumbai-based Jet Airways said it has entered into agreements with Oman Air to lease out two aircraft for six months from May. Under the terms of the lease, the operational control and maintenance responsibility of the aircraft will remain with Jet.
  • Jordan air traffic up by 14.9%

    Jordan's Airport International Group has announced an increase in aircraft movements at Queen Alia International Airport, reaching 51,300, an increase of 6,600 over 2007, representing an improvement of 14.9%. Passenger volumes for 2008 closed the year at 616,700 above 2007, an annual gain of 16%. This translates to a total of 4,477,800 passengers for the year.
  • Jordan replaces finance minister as part of major reshuffle

    Jordan's Finance Minister Hamad Kasasbeh has left the government as part of a major reshuffle.
  • Jordan signs nuclear co-operation deal with Russia

    Moscow and Amman have initialled a co-operation agreement under which Russia will help Jordan develop nuclear power and desalination plants and research centres.
  • Jordan Telecom warns of difficult market in 2009

    Jordan Telecom has warned that 2009 will offer a more difficult trading environment for the company.
  • Jordan to retender Al-Manakher plant expansion in March

    Jordan’s Energy and Mineral Resources Ministry is expected to issue a new tender for the expansion of the Al-Manakher independent power project (IPP) in March.
  • Jordan: PPP law design and development

    Assisting in the design, development and drafting of a public-private partnership (PPP) law. Closing date: 15 February 2009
  • Jordan: Wastewater project

    Construction, construction, commissioning and maintenance of a wastewater project. Closing date: 12 April 2009
  • Jubail recreational project set for completion end of 2009

    Work is due for completion by the end of 2009 for the construction of a new recreational facility at Jubail Industrial City.
  • Jubail recreational project set for completion end of 2009

    Work is due for completion by the end of 2009 for the construction of a new recreational facility at Jubail Industrial City.
  • JV creates Abu Dhabi Chemicals

    The Abu Dhabi National Chemicals Company has been created as a joint venture between the International Petroleum Investment Company and Abu Dhabi Investment Council. Each company will have 40% shares and Abu Dhabi National Oil Company will hold the remaining 20%. The new chemicals company is to be set up with a capital of Dhs500m.
  • Kayala Airlines announces new flight schedule

    Saudi-based private charter carrier Kayala Airlines is to launch daily flights from Dubai International Airport Terminal 1 to private aviation terminals at both Jeddah and Riyadh Airports from February 8. Kayala operates the Airbus A319 corporate jet and is part of Nas Aviation Group. The Dubai to Jeddah flight departs at 16.55 arriving at 18.55 the Dubai to Riyadh departs at 17.45T arriving at 18.45.
  • Khalifa Bin Salman port to begin operations

    Khalifa Bin Salman Port will start operations next month and Mina Salman will remain operative for at least the next 10 years. The BD160m sea-port is one of the largest in the region. It is capable of receiving giant sea cruisers, with depth of up to 15 metres. Mina Khalifa has the latest technical equipment, with capacity in phase I of 1.1m containers and 2.5m containers in phase II.
  • Kharafi tipped to land Wafra Mall project in Kuwait

    The local Mohammed Abdulmohsin al-Kharafi & Sons has been tipped to land the Wafra Mall construction contract, after submitting the low-bid for the estimated KD15m ($52m) scheme.
  • Kharafi tipped to land Wafra Mall project in Kuwait

    The local Mohammed Abdulmohsin al-Kharafi & Sons has been tipped to land the Wafra Mall construction contract, after submitting the low-bid for the estimated KD15m ($52m) scheme.
  • Khatami will contest Iranian presidential election

    Mohammad Khatami, who served two terms as president of Iran between 1997 and 2005, has confirmed that he will stand in this June's presidential election where he is likely to face the incumbent Mahmoud Ahmadinejad.
  • King Abdulaziz University housing project award due in March

    An award for a major housing contract at King Abdulaziz University in Jeddah, is expected by the beginning of March.
  • King Abdulaziz University housing project award due in March

    An award for a major housing contract at King Abdulaziz University in Jeddah, is expected by the beginning of March.
  • King Faisal University issues two construction tenders

    Saudi Arabia’s King Faisal University has issued two tenders for construction work at its Dammam campus in the Eastern Province.
  • King Faisal University issues two construction tenders

    Saudi Arabia’s King Faisal University has issued two tenders for construction work at its Dammam campus in the Eastern Province.
  • King Faisal University prequalifies firms for housing project

    At least five contractors have been prequalified by King Faisal University for the construction of staff housing units.
  • King Faisal University prequalifies firms for housing project

    At least five contractors have been prequalified by King Faisal University for the construction of staff housing units.
  • Kurdistan considers provincial rail network

    The Kurdistan Regional Government (KRG) is considering a proposal for a rail network that would link Iraq’s northern Kurdish provinces.
  • Kuwait agriculture authority issues warehouse tender

    Kuwait’s Public Authority for Agriculture & Fish Resources (PAAF) has issued a tender for the construction of eight warehouses in the Ardiya district of the country.
  • Kuwait agriculture authority issues warehouse tender

    Kuwait’s Public Authority for Agriculture & Fish Resources (PAAF) has issued a tender for the construction of eight warehouses in the Ardiya district of the country.
  • Kuwait approves Kharafi bid for sewer network

    Kuwait's Central Tenders Committee (CTC) has approved the low-bid of KD15.3m ($52m) by the local Mohammed Abdulmohsin al-Kharafi & Sons for work to upgrade the sewer network in the Sabah al-Salem suburb.
  • Kuwait approves Kharafi bid for sewer network

    Kuwait's Central Tenders Committee (CTC) has approved the low-bid of KD15.3m ($52m) by the local Mohammed Abdulmohsin al-Kharafi & Sons for work to upgrade the sewer network in the Sabah al-Salem suburb.
  • Kuwait approves low bid for giant hospital

    Kuwait’s Central Tenders Committee has approved the lowest bid for the construction of the 1,050 bed Jaber al-Ahmed al-Sabah hospital, allowing the project to go ahead.
  • Kuwait approves low bid for giant hospital

    Kuwait’s Central Tenders Committee has approved the lowest bid for the construction of the 1,050 bed Jaber al-Ahmed al-Sabah hospital, allowing the project to go ahead.
  • Kuwait awards Bayan sewer renovation contract

    The local Mohammed Abdulmohsin Al-Kharafi & Sons has been awarded a contract for the renovation of the drainage network in the Bayan area of Kuwait.
  • Kuwait awards depletion study contracts

    Kuwait Oil Company (KOC) has signed three contracts for depletion studies at selected oil fields in the country, for a total value of KD824,451 ($2.8m).
  • Kuwait bidder appoints Deutsche Bank as adviser on Aqaba port project

    A consortium led by Kuwait’s KGL Investment has appointed Deutsche Bank to act as financial adviser on its bid for a construction contract at Aqaba port in Jordan.
  • Kuwait cabinet approves stimulus package

    The Kuwaiti cabinet has approved an economic stimulus bill after an emergency meeting on 5 February.
  • Kuwait index climbs 2.3 per cent as sovereign wealth fund moves into market

    The Kuwait Stock Exchange was the best place for investors this week as the general index grew 2.3 per cent after the country's sovereign wealth fund made its first direct investments in companies on the exchange.
  • Kuwait Investment Authority loses $31bn in nine months

    The Kuwait Investment Authority (KIA) lost KD9bn ($31bn) during the nine months to the end of December 2008, according to figures leaked by members of the National Assembly (parliament).
  • Kuwait market falls as parliament fails to pass stimulus plan

    The Kuwait Stock Exchange was the only loser among the major markets this week, falling 4.4 per cent to 6,614 points after the country's parliament failed to pass a stimulus package that included provisions to bail out troubled banks and investment companies.
  • Kuwait Oil Company awards three engineering contracts

    Kuwait Oil Company (KOC) says it has awarded three engineering contracts at a total value of KD10.6m ($36m) so far this month.
  • Kuwait prequalifies firms for water tower work

    At least four local firms have been prequalified for a contract to construct six water towers in the Jahra district of Kuwait.
  • Kuwait prequalifies firms for water tower work

    At least four local firms have been prequalified for a contract to construct six water towers in the Jahra district of Kuwait.
  • Kuwait retenders Shuaiba connection contract

    Kuwait’s Electricity & Water Ministry has retendered the contract to link gas turbines at the Shuaiba North power plant with the national control centre at Jabiriya.
  • Kuwait tender committee approves Combined Group low-bid

    Kuwait’s Central Tenders Committee (CTC) has approved the low-bid of KD8.6m ($32m) by the local Combined Group for the Jamal Abdul Nasser road contract.
  • Kuwait tender committee approves Combined Group low-bid

    Kuwait’s Central Tenders Committee (CTC) has approved the low-bid of KD8.6m ($32m) by the local Combined Group for the Jamal Abdul Nasser road contract.
  • Kuwait to retender Subiya power plant

    Kuwait’s Electricity & Water Ministry is expected to retender the Subiya power plant project imminently, according to a source close to the scheme.
  • Kuwait, Philippines agree on more flights

    The Philippines and Kuwait have amended their air agreement in a move that will increase flights between the two countries. The latest revision to the 1977 air agreement will increase flight frequencies to 29 from the current six from each country. All six flights from the Philippines currently originate from Manila. Flights from Manila will increase to eight, while an additional 14 flights can be mounted from Clark and seven more from other Philippine cities.
  • Kuwait: Afforestation project

    Carrying out an afforestation project. Closing date: 7 April 2009
  • Kuwait: Business intelligence programme

    Purchase and application of a business intelligence programme. Closing date: 18 March 2009
  • Kuwait: Business intelligence programme

    Purchase and application of a business intelligence programme. Closing date: 18 March 2009
  • Kuwait: Cement bricks

    Supply of cement bricks. Closing date: 10 March 2009
  • Kuwait: Cement bricks

    Supply of cement bricks. Closing date: 10 March 2009
  • Kuwait: Civil maintenance and rehabilitation works

    Carrying out civil maintenance and rehabilitation works. Closing date: 5 April 2009
  • Kuwait: Crude oil transport lines

    Installation and replacement of crude oil transport lines. Closing date: 7 April 2009
  • Kuwait: Gas units

    Delivery of new gas units at a station for power generation. Closing date: 22 March 2009
  • Kuwait: HVAC equipment maintenance

    Carrying out annual maintenance works for air conditioning, ventilation and heating (HVAC) equipment. Closing date: 14 April 2009
  • Kuwait: Lifting pipes and fittings

    Supply of lifting pipes and pipe fittings. Closing date: 7 April 2009
  • Kuwait: Lubricating oils

    Supply of lubricating oils. Closing date: 17 March 2009
  • Kuwait: Marine base operation

    Operation of a marine base. Closing date: 10 March 2009
  • Kuwait: Marine oil pollution fighting equipment

    Supply of marine oil pollution fighting equipment for power stations. Closing date: 17 March 2009
  • Kuwait: Marine operation technical manpower

    Provision of specialised technical manpower for Kuwait Oil Company marine operations. Closing date: 10 March 2009
  • Kuwait: Marine project

    Repair, operation and maintenance of six marine pieces. Closing date: 17 March 2009
  • Kuwait: National Guard camp

    Design and supervision works for the construction of a National Guard camp. Closing date: 16 March 2009
  • Kuwait: National Guard camp

    Design and supervision works for the construction of a National Guard camp. Closing date: 16 March 2009
  • Kuwait: Natural gas purification station

    Supply and installation of a natural gas purification station at a power plant. Closing date: 28 April 2009
  • Kuwait: Overhead power line materials

    Supply of materials for 11kV overhead power lines. Closing date: 22 March 2009
  • Kuwait: Power station battery chargers

    Replacement of battery chargers and an inverter for steam units at a power station. Closing date: 28 April 2009
  • Kuwait: Power station limestone

    Supply of limestone for power stations. Closing date: 7 April 2009
  • Kuwait: Public store construction

    Construction, implementation and maintenance of public stores. Closing date: 22 March 2009
  • Kuwait: Public store construction

    Construction, implementation and maintenance of public stores. Closing date: 22 March 2009
  • Kuwait: Radioactive waste disposal

    Disposal of radioactive waste. Closing date: 5 April 2009
  • Kuwait: Refinery buildings maintenance

    Maintenance of civil buildings and constructions at a refinery. Closing date: 3 March 2009
  • Kuwait: Refinery buildings maintenance

    Maintenance of civil buildings and constructions at a refinery. Closing date: 3 March 2009
  • Kuwait: Social care house sub-store

    Construction of a sub-store for a supplies and stores department at social care houses. Closing date: 5 April 2009
  • Kuwait: Street lighting equipment

    Installation of street lighting equipment. Closing date: 5 April 2009
  • Kuwait: Transformer station control and monitoring equipment (1)

    Provision and installation of control and monitoring equipment for transformer stations. Closing date: 22 March 2009
  • Kuwait: Transformer station control and monitoring equipment (2)

    Provision and installation of control and monitoring equipment for transformer stations. Closing date: 22 March 2009
  • Kuwait: Transformer substations

    Supply and installation of transformer substations. Closing date: 7 April 2009
  • Kuwait: Tubing

    Supply of various sized tubing. Closing date: 29 March 2009
  • Kuwait: Urea plant pumps and heat exchangers

    Installation of pumps, heat exchangers and tanks for a urea plant. New closing date: 18 March 2009
  • Kuwait: Water installation civil works

    Carrying out civil maintenance works for all water installation sites and their utilities. Closing date: 7 April 2009
  • Kuwait: Water well services

    Provision of water well services for oil and gas wells. Closing date: 22 March 2009
  • Kuwait: Wellhead equipment

    Supply of wellhead equipment. Closing date: 24 March 2009
  • Kuwait's Al-Ahlia reports loss in revised set of results

    Al-Ahlia Holding Company, a Kuwaiti investment company, has cut its net profits for the first nine months of 2008 by KD26.9m ($91.2m), following an investigation by the Kuwait Stock Exchange.
  • Kuwait's higher education authority issues building tender

    Kuwait’s Public Authority for Applied Education & Training has invited a number of local contractors to bid for a KD50m ($172m) university scheme.
  • Kuwait's higher education authority issues building tender

    Kuwait’s Public Authority for Applied Education & Training has invited a number of local contractors to bid for a KD50m ($172m) university scheme.
  • Larsen & Toubro wins transmission work in UAE

    India's Larsen & Toubro has won power transmission contracts worth£231m in the UAE.
  • LCAL cancels order for 16 Dreamliners

    Dubai-based aircraft-leasing company LCAL said today that it has cancelled 16 of its 21 orders for Boeing Co.'s 787 Dreamliner plane due to the 'challenges of the gloabl recession', Bloomberg has reported, citing an interview with Fakhar Daghestani, Boeing's spokesman for the Middle East.
  • Le Bristol planned for Abu Dhabi

    Paris-based Hotel Le Bristol is to open a hotel in Abu Dhabi by 2012, in the group's first expansion outside of the EU. The 250-room development will cost an estimated $163m.
  • Lebanon signs deal for telecoms cable with Saudi Arabia

    Lebanon will get a new international telecoms cable boosting connections with Jordan, Saudi Arabia and Syria, according to the Telecommunications Ministry in Beirut.
  • Lebanon: Water project (closing date extension)

    Carrying out a water project. New closing date: 10 March 2009
  • Lebanon's Cedar Island - Fast facts

    Pending government approval, Lebanon is to become the site of the world's largest tree-shaped man-made island development.
  • Lebanon's Cedar Island - Fast facts

    Pending government approval, Lebanon is to become the site of the world's largest tree-shaped man-made island development.
  • Lenovo replaces its CEO

    Lenovo, the world's fourth-biggest personal computer firm, said it is replacing its American chief executive with Chairman Yang Yuanqing and bringing back its co-founder to head the board. Mr. Yang took over as CEO from Bill Amelio, who stepped down at the end of his three-year contract. Succeeding Mr. Yang as nonexecutive chairman will be Liu Chuanzhi, a current Lenovo board member who helped start its predecessor company 25 years ago. Lenovo was founded in China but maintains its headquart
  • Lenovo reports first loss in three years

    PC maker Lenovo Group announced a $96.7m quarterly loss Thursday, its first in nearly three years, due to a drop in sales amid global turmoil. Sales fell 20% in the three months ending Dec 31 from the same period of 2007. Shipments in China fell 7%.
  • Libya: Aerial photography

    Acquisition of digital aerial photography and production of an ortophotmap. Closing date: 15 February 2009
  • Libya: Casing floating equipment

    Supply of casing floating equipment. Closing date: 11 March 2009
  • Libya: Cementing additives

    Supply of cementing additives, equipment supply and provision of services. Closing date: 12 March 2009
  • Libya: Coring equipment and services

    Provision of coring equipment and services. Closing date: 10 February 2009
  • Libya: Customs clearance and transportation services

    Provision of customs clearance and transportation services. Closing date: 5 March 2009
  • Libya: Directional drilling services

    Provision of directional drilling services. Closing date: 11 March 2009
  • Libya: Downhole and fishing tool rental services

    Provision of downhole and fishing tool rental services. Closing date: 11 March 2009
  • Libya: Drilling fluids and material services

    Provision of drilling fluids and material services. Closing date: 10 March 2009
  • Libya: Environmental and archeological assessments

    Carrying out environmental and archeological assessments of four exploratory drilling locations. Closing date: 10 February 2009
  • Libya: Gas oil separation plant

    Construction of a gas oil separation plant. Closing date: 1 March 2009
  • Libya: Gas oil separation plant (Closing date extension)

    Construction of a gas oil separation plant. New closing date: 15 March 2009
  • Libya: Land seismic survey data

    Acquisition of 2D and 3D land seismic survey data. Closing date: 26 February 2009
  • Libya: Oil exploration material transport services

    Provision of material transport services for oil exploration wells. Closing date: 8 March 2009
  • Libya: Oil production facilities

    Installation of facilities to sustain oil production and increase reserves. Closing date: 3 March 2009
  • Libya: Oil project personnel transportation services

    Provision of personnel transportation and services. Closing date: 9 March 2009
  • Libya: Seismic survey quality control supervision

    Provision of quality control supervision services for seismic survey activities. Closing date: 22 February 2009
  • Libya: Well testing equipment

    Supply of well testing equipment. Closing date: 10 February 2009
  • Libyan regulator starts telecoms licence auction

    Libya's telecoms regulator has launched an auction for a combined fixed-line and mobile phone licence.
  • Local contractor submits low bid for Kuwait oil headquarters

    Kuwait’s Abdulrahman al-Bahar & Sons Company has submitted the low-bid for the Kuwait Gulf Oil Company (KGOC) office building in the Ahmadi district.
  • Local contractor submits low bid for Kuwait oil headquarters

    Kuwait’s Abdulrahman al-Bahar & Sons Company has submitted the low-bid for the Kuwait Gulf Oil Company (KGOC) office building in the Ahmadi district.
  • London cabs launched in Bahrain

    Fifty new London-style cabs have been launched onto Bahrain's streets by the Arabian Taxi Company. This is the first batch of the new company's cabs to be launched, with the rest of the 314-fleet expected to be on the roads by April. The new taxi service is the result of a joint initiative between Bahrain Development Bank and the Economic Development Board.
  • Losses at Borealis hit minority shareholder

    Austria’s OMV has announced a loss of €66m ($84m) in the fourth quarter of 2008, partly because of losses at Abu Dhabi petrochemicals producer Borealis.
  • Maaden cuts capacity of captive power plant at Ras al-Zour

    Saudi Arabian Mining Company (Maaden) and Canada's Alcan have altered the scope of the project to build a captive power plant at a planned integrated aluminium complex at Ras al-Zour.
  • Majitek and Cisco complete $7.5m equity funding

    Australia's Majitek said today that it has completed a $7.5m round of equity funding welcoming Cisco Systems to its share register. Also participating in the round is Majitek's current investor, Pierce & Pierce. The funds will also be used to expand Majitek's international operations, including opening a permanent office in Dubai, UAE to work more closely with its real estate industry customers and partners in the Middle East.
  • Malaysia Gulf tourist numbers up

    Malaysia is the most popular destination for travellers from the UAE and the Gulf. According to Emirates, the airline witnessed a 15% increase in ticket bookings to Kuala Lumpur and in the first quarter of this year Malaysia Airlines is expecting an increase in passengers heading for the country.
  • Manama prequalifies 15 groups for Muharraq wastewater plant

    Bahrain’s Works Ministry has prequalified 15 groups for the Muharraq wastewater treatment plant project.
  • Maroc Telecom profits increase by 23 per cent

    Maroc Telecom has reported a 23 per cent rise in annual net profits, making it the fastest growing multinational telecoms operator in the region.
  • Marriott eyes 31 more hotels in Mena

    Marriott International has announced its global expansions up to 2014 would include 17 new properties in the UAE, nine in Saudi Arabia, three in Qatar, one in Bahrain, and one in Egypt. The company expects nearly 600,000 rooms by year-end 2009. Other hotels in the pipeline include one in Algeria, 19 in China, 23 in India, eight in Thailand, five in the Caribbean and Latin America, five in France, six in the UK and six in Mexico.
  • Marriott to open 17 new properties in UAE by 2011

    Marriott plans to open 17 new properties, including 4,000 rooms, in the UAE by 2011, JW Marriott Jr, the company's chairman and CEO, told Emirates Business in an interview. Overall, the company plans to open 130,000 hotel rooms worldwide by 2012, Marriott added. At present, close to 100% of the 30,000 to 35,000 rooms that the company expects to open during the year are signed and financed, he said.
  • Mashreq Bank lays off 4 per cent of staff

    The UAE’s Mashreq Bank has announced that it has made 4 per cent of its staff redundant as a result of the slowdown in the UAE economy.
  • ME travellers to Sri Lanka jump 24% in 2008

    Middle East travellers visiting Sri Lanka surged by 24% in 2008, according to Sri Lanka Tourism Promotion Bureau's Middle East Office. Heba Al Ghais Al Mansoori, Middle East Director of SLTPB said the strongest growth markets included the UAE, Kuwait, Qatar, Bahrain, Lebanon and Iran.
  • Meditel increases customer numbers by 18 per cent

    Meditel, Morocco's second-largest mobile phone operator, increased its number of customers by 18 per cent during 2008, more than double the growth rate of its only competitor Maroc Telecom.
  • Microsoft Gulf, UAE conduct anti-piracy inspection

    The UAE Ministry of Economy and Microsoft have announced that they have collaborated on successful inspection campaigns against four UAE-based computer resellers. The campaigns resulted in the confiscation of 300 counterfeit CDs and four desktop computers loaded with unlicensed versions of the Microsoft Windows operating system and the Microsoft Office suite.
  • Microsoft unveils new office communications server

    Microsoft Gulf today announced the availability of Office Communications Server 2007 Release 2, an update to the Microsoft Office Communications Server 2007. Office Communications Server 2007 R2 delivers important new functionality that extends software-powered voice, particularly for remote and mobile workers; provides on-premise audio and video conferencing to help reduce operational costs; and introduces new developer advances, including the ability to build communications-enabled business
  • Middle East aviation faces $2.5bn loss in 2009

    The Middle East aviation industry will lose some $2.5bn this year as the global economic downturn hits, according to the International Air Transport Association (IATA).
  • Mobinil warns of falling profits in 2009

    Mobinil, Egypt's largest mobile phone operator by customer numbers, has warned that profits will fall during 2009 as the global economic slowdown hits the Egyptian economy harder than many had expected.
  • Moderation in Iran and the Hamasisation of the Arab world

    Iran may be preparing to turn moderate as the Arab world loses faith with the West. It could lead to the Islamic republic becoming a force for stability, not change.
  • Modon holds talks for first phase of Sudair Industrial City

    Modon, Saudi Arabia’s industrial development agency, is to issue a request for proposals for the first stage of Sudair Industrial City within the next two weeks.
  • Modon holds talks for first phase of Sudair Industrial City

    Modon, Saudi Arabia’s industrial development agency, is to issue a request for proposals for the first stage of Sudair Industrial City within the next two weeks.
  • Modon signs deal for Saudi technology park

    Saudi Arabia’s industrial development agency, Modon, has signed a memorandum of understanding with Al-Imam Muhammad ibn Saud Islamic University to establish a science and technology zone in the university.
  • Modon signs deal for Saudi technology park

    Saudi Arabia’s industrial development agency, Modon, has signed a memorandum of understanding with Al-Imam Muhammad ibn Saud Islamic University to establish a science and technology zone in the university.
  • Modon to award district cooling contract in March

    Saudi Arabia’s industrial development agency, Modon, is expected to award the multi-million riyal district cooling contract for Jeddah Industrial City 2 in mid-March.
  • Modon to award district cooling contract in March

    Saudi Arabia’s industrial development agency, Modon, is expected to award the multi-million riyal district cooling contract for Jeddah Industrial City 2 in mid-March.
  • Modon to establish energy city in Dammam

    Saudi Arabia’s industrial development agency Modon is to establish a SR5bn ($1.3bn) energy service city in Dammam.
  • Modon to establish energy city in Dammam

    Saudi Arabia’s industrial development agency Modon is to establish a SR5bn ($1.3bn) energy service city in Dammam.
  • Mohammed al-Mojil Group wins Jubail ethylene work

    Saudi Arabian firm Mohammed al-Mojil Group (MMG) has won a SR408m ($109m) sub-contract for construction work on the ethylene package at the National ChevronPhillips olefins complex at Jubail.
  • Moody’s issues warning on Dubai companies

    US ratings agency Moody’s Investors Service has warned that it is reviewing the ratings of six Dubai-government related corporates which could lead to them being downgraded.
  • Moroccan inflation falls to 4 per cent

    Morocco’s inflation rate fell to 4 per cent in January 2009, down from 4.5 per cent in December 2008, according to an inflation update from the Haut-Commissariat au Plan published on 23 February.
  • Morocco awards third mobile phone licence

    Morocco has awarded its third mobile phone licence to Wana, a telecoms business owned by Groupe ONA (Omnium Nord Africain), the holding company for the business interests of the country's royal family.
  • Morocco: Gas turbine equipment

    Supply of spare parts for gas turbines. Closing date: 25 March 2009
  • Morocco: Gas turbine power station project (closing date extension)

    Design and supply of equipment for a gas turbine power station. New closing date: 10 April 2009
  • Morocco: Power transmission network project

    Construction of a 225/22kV electricity post as part of a power transmission network project. Closing date: 1 April 2009
  • Morocco: Road construction project security (Argana-Amskroud)

    Carrying out security works for a road construction project. Closing date: 2 March 2009
  • Morocco: Road construction project security (Chichaoua-Imintanout)

    Carrying out security works for a road construction project. Closing date: 2 March 2009
  • Morocco: Road construction project security (Imintanout-Argana)

    Carrying out security works for a road construction project. Closing date: 2 March 2009
  • Mosul airport establishes air link with UAE

    Mosul International airport has received its first international flight from the UAE since reopening in December.
  • Mubadala agrees military aircraft maintenance deal

    Mubadala Development Company has signed an agreement to establish a military aircraft maintenance facility, in a joint venture with the US' Sikorsky Aerospace Services.
  • Nakheel completes expansion of Djibouti Palace

    Nakheel Hotels has completed the expansion its Djibouti Palace Kempinski. The extension of the hotel has now increased its initial 177 guest room inventory to a total of 254 rooms and 55 furnished apartments. The Djibouti Palace Kempinski opened in November 2006 and was the first five-star hotel to open in Djibouti and the first hotel operated by Kempinski in East Africa.
  • Nakheel makes further redundancies

    The UAE’s Nakheel has made a further series of redundancies, as the global economic crisis continues to place pressure on one of the region’s biggest developers.
  • Nakheel makes further redundancies

    The UAE’s Nakheel has made a further series of redundancies, as the global economic crisis continues to place pressure on one of the region’s biggest developers.
  • Nakheel to deliver Waterfront 1,000 homes by end of 2009

    The UAE-based developer Nakheel is to release over 1,000 homes in Dubai Waterfront by the end of 2009.
  • Nakheel to deliver Waterfront 1,000 homes by end of 2009

    The UAE-based developer Nakheel is to release over 1,000 homes in Dubai Waterfront by the end of 2009.
  • Nakilat looks for new finance for gas vessels

    Qatar Gas Transport Company (Nakilat) is in talks with banks about arranging a new loan for its fleet of 25 liquefied natural gas (LNG) vessels that are under construction.
  • National Bank of Abu Dhabi profits fall 34 per cent

    National Bank of Abu Dhabi (NBAD) has reported a 34 per cent fall in fourth quarter profits, despite a 20.5 per cent rise in annual profits for 2008 compared to 2007.
  • National Engineering bids low for Musanaah water consultancy

    The local National Engineering Office is the low bidder for the construction supervision contract for water distribution networks in Oman’s northern Al-Musanaah region.
  • Nawaiya to unveil 7-inch laptop

    Nawaiya, a Dubai-based company, has designed one of the smallest laptops in the market, with a 7-inch touch-screen with full PC and 3G capabilities, called PalmTop, reported Gulf News. Samer Suhail, managing director of Nawaiya, said the laptop is unique in that it acts as a primary PC and not a secondary one, as other small laptops do. The laptop incorporates AMD's Turion 64 x2 dual-core 1.2GHz as a main chipset and ATI RS690E for its graphics card.
  • NEC to shut PC business in Europe

    Japan's NEC Corp plans to withdraw from the personal computer business in Europe amid growing competition from US and Taiwanese rivals, the company has announced. The decision follows NEC's move to cut 20,000 jobs worldwide in money-losing operations as it braces for a net loss of 290 billion yen ($3.2bn) in the year to March due to slumping sales.
  • Netbook sales to touch 50m this year

    A new report by Deloitte says that sales of netbooks - simplified but easily connected small laptop computers - could reach 50 million this year, against zero in 2007, reported AFP. The report said its prediction shows that 'being cheaper helps' in this harsh financial climate.
  • New air traffic control centre to open June 1

    The new state-of-the-art air traffic control centre at Abu Dhabi International Airport will start operations on June 1, the General Civil Aviation Authority announced yesterday. According to GCAA, the Dhs300m ($81m) air traffic centre, named Shaikh Zayed Centre, will feature four 60-metre radio masts and be housed in two nearly identical buildings, a main facility and a backup unit.
  • No Legionella bacteria found in Dubai hotel

    The Westin Hotel in Dubai said lab tests have proven 'beyond doubt' that none of its guests contracted Legionnaire's disease in Dubai. The investigation was prompted by the death of BBC radio cricket scorer Bill Frindall, who stayed at the hotel two weeks ago on a charity cricket tour of the country. The inquiry was conducted by the Dubai Municipality in conjunciton with the Dubai Health Authority. Hussain Nasser Lootah, Director General of Dubai Municipality, said 24 water samples were taken
  • No plans to sell QE2, says Nakheel official

    Dubai-based Nakheel is moving ahead with plans to convert the QE2 into a seven-star hotel and has no plans to sell the ship, reported Khaleej Times, citing an interview with the official responsible for renovating the ship. A recent report by online shipping news agency Maritime Matters cited 'sources close to Nakheel' who claimed that original plans to convert the liner had been dumped and the ship could be put up for sale.
  • No real estate recovery for Dubai until 2011

    Property prices and rentals in Dubai are not expected to recover until 2011 according to new research from Jones Lang LaSalle.
  • No real estate recovery for Dubai until 2011

    Property prices and rentals in Dubai are not expected to recover until 2011 according to new research from Jones Lang LaSalle.
  • No sign of stress in Saudi banking system, says EFG Hermes

    Despite expectations of lower growth and a rising number of non-performing loans (NPLs), the Saudi banking sector has largely managed to avoid systemic stresses from the global financial crisis, according to Egyptian bank EFG Hermes.
  • Oil majors register interest in Bahrain gas round

    Bahrain's National Oil and Gas Authority (Noga) says 18 international companies have prequalified for a new onshore deep gas exploration round which it is carrying out to meet rising domestic demand.
  • Oil majors submit bids for Iraq’s Nasiriyah field

    Three international companies have submitted bids to Iraq’s Oil Ministry for an engineering, procurement and construction (EPC) deal on its Nasiriyah oil field.
  • Oil tanker ablaze near Dubai

    An oil tanker is ablaze and close to sinking off the coast of Dubai following a collision with a container ship. The tanker is about 8km offshore from the Palm Jebel Ali. No casualties have been reported so far, but two crew members were rescued from the water, said a spokesperson for the port operator DP World.
  • Oilex prepares testing programme for Omani oil field

    Australian energy company Oilex says preparations for its Al Jumd-1 testing programme in Oman’s Block 56 are being finalised, with an initial flow period planned to be completed between 6-8 March.
  • Oman Air posts 31% passenger increase

    Oman Air has recorded 31% increase in passenger footprint for 2008. According to statistics released by the airline, 1.98 million passengers used the airline in 2008 compared with 1.51 million in 2007.The carrier has recorded strong growth on Saudi Arabian routes with both Jeddah and Riyadh reflecting three-digit increases of passenger percentage numbers.
  • Oman Air to lease aircraft from Jet Airways

    Oman Air is to lease two aircraft from the Indian carrier Jet Airways.
  • Oman starts up Kauther gas plant

    Petroleum Development Oman (PDO) has started operations at its $240m natural gas plant at Kauther, after work was completed two months ahead of schedule.
  • Oman tenders Dibba wastewater scheme

    Oman’s Regional Municipalities & Water Resources Ministry has issued a tender for the construction of wastewater networks and the upgrade of the Dibba wastewater treatment plant in the Musandam governorate.
  • Oman to build $1.8bn port in Duqm

    Oman is planning to build a port at Duqm area worth $1.8bn as part of its economic development plan, Reuters has reported. The Duqm development in central-eastern Oman is part of a new city that will serve as administrative, industrial and commercial centre. The first phase of the Duqm project calls for the port and a dry dock expansion.
  • Oman Travel Mart opens

    The Oman Travel Mart (OTM) opened at the Oman International Exhibition Centre today. The country's international travel and tourism exhibition of the year will run until 19th February 2009 featuring outbound and inbound tourism, medical tourism as well as property and investment tourism opportunities. Oman Air is the event's lead sponsor.
  • Oman: Conductor size upgrade

    Upgrading of grid station conductor sizes. Closing date: 13 April 2009
  • Oman: Crane

    Design, manufacture and installation of a crane. Closing date: 20 April 2009
  • Oman: Drydock gas facilities

    Design and installation of gas facilities for a drydock company. Closing date: 6 April 2009
  • Oman: Drydock machining equipment

    Design and installation of machining equipment for a drydock company. Closing date: 6 April 2009
  • Oman: Drydock sludge facilities

    Design and installation of slop/sludge facilities for a drydock company. Closing date: 6 April 2009
  • Oman: Escarpment improvement

    Improvement of an escarpment. Closing date: 13 April 2009
  • Oman: Fraud management system and revenue assurance system

    Design and supply of a fraud management system and revenue assurance system suite. Closing date: 13 April 2009
  • Oman: Grid station construction

    Construction of a 132/33kV grid station. Closing date: 20 April 2009
  • Oman: Housing, majlis and mosque (11)

    Construction of 11 housing units, a majlis and a mosque. Closing date: 20 April 2009
  • Oman: Housing, majlis and mosque (11)

    Construction of 11 housing units, a majlis and a mosque. Closing date: 20 April 2009
  • Oman: Housing, majlis and mosque (15)

    Construction of 15 housing units, a majlis and a mosque. Closing date: 20 April 2009
  • Oman: Housing, majlis and mosque (15)

    Construction of 15 housing units, a majlis and a mosque. Closing date: 20 April 2009
  • Oman: Housing, majlis and mosque (18)

    Construction of 18 housing units, a majlis and a mosque. Closing date: 20 April 2009
  • Oman: Housing, majlis and mosque (18)

    Construction of 18 housing units, a majlis and a mosque. Closing date: 20 April 2009
  • Oman: Museum enabling works

    Carrying out enabling works for a museum. Closing date: 13 April 2009
  • Oman: Navigational aids system development

    Development of navigational aids systems at international airports. Closing date: 23 March 2009
  • Oman: Pavement construction and protection works

    Construction of rigid pavement and protection works. Closing date: 30 March 2009
  • Oman: Pavement construction and protection works

    Construction of rigid pavement and protection works. Closing date: 30 March 2009
  • Oman: Pharmaceuticals (1)

    Supply of pharmaceuticals. Closing date: 13 April 2009
  • Oman: Pharmaceuticals (2)

    Supply of pharmaceuticals. Closing date: 13 April 2009
  • Oman: Road design and construction

    Design and construction of internal roads. Closing date: 13 April 2009
  • Oman: Road design and construction

    Design and construction of internal roads. Closing date: 13 April 2009
  • Oman: Road upgrade consultancy

    Provision of consultancy services for the design and supervision of the upgrading of roads. Closing date: 6 April 2009
  • Oman: School classrooms (25)

    Construction, completion and maintenance of 25 classrooms. Closing date: 13 April 2009
  • Oman: School classrooms (25)

    Construction, completion and maintenance of 25 classrooms. Closing date: 13 April 2009
  • Oman: School classrooms (36)

    Construction of 36 classrooms. Closing date: 13 April 2009
  • Oman: School classrooms (36)

    Construction of 36 classrooms. Closing date: 13 April 2009
  • Oman: Sewerage network systems

    Construction sewerage network systems. Closing date: 30 March 2009
  • Oman: Static equipment turnaround and inspection works

    Provision of static equipment turnaround and inspection works. Closing date: 13 April 2009
  • Oman: Television studio technical fit-out

    Provision of a technical fit-out for a new HD digital television studio complex. Closing date: 27 April 2009
  • Oman's Al-Raseed submits low-bid for road contract

    Oman’s Al-Raseed Trading & Contracting Company has submitted the low-bid for a road infrastructure contract in the sultanate.
  • Oman's Al-Raseed submits low-bid for road contract

    Oman’s Al-Raseed Trading & Contracting Company has submitted the low-bid for a road infrastructure contract in the sultanate.
  • Omantel reports 67 per cent drop in fourth quarter profits

    Omantel, the state-owned former telecoms monopoly in Oman, has reported a 67 per cent fall in net profits in the fourth quarter of 2008.
  • Oneworld alliance celebrates 10th anniversary

    The oneworld alliance and its member airlines celebrated the organisation's tenth anniversary yesterday. Oneworld was originally founded by British Airways, Cathay Pacific and Qantas and has expanded to include Royal Jordanian, American Airlines, Iberia, and others. Oneworld members will be participating in a number of initiatives to mark the anniversary, including 10% off all alliance fares for ten weeks and a new fare covering travel through Europe, the Middle East, North America and South
  • Opec countries place a quarter of major oil projects on hold

    Of the 130 major oil projects planned by Opec countries, at least 35 have been delayed or cancelled as demand and revenue from oil falters, according to the secretary general of the international oil cartel.
  • Opec crude falls as US market remains stable

    Crude oil contracts for March delivery, the earliest available, fell $3-4 a barrel for both European Brent and the Opec basket in the week ended 19 February, while values for the US’ benchmark West Texas Intermediate (WTI) showed a week-on-week gain.
  • Opec oil prices remain steady while US crude falls

    Crude oil contract values for March, the earliest currently available, were largely stable for Europe’s Brent and the 12-crude Opec basket in the week to 12 February, but the US’ benchmark West Texas Intermediate (WTI) contract fell by some $5 a barrel.
  • Opec production cuts lead to fall in US oil stocks

    US crude oil stocks fell in the week ended 13 February as worldwide supplies tightened following a series of Opec production cuts.
  • Opec revises down estimate for oil demand

    Opec has revised its world oil demand forecasts for 2009 down by 200 per cent, and says that global supply is now in decline for the first time in 10 years.
  • Orascom Construction Industries to buy back shares

    Orascom Construction Industries, one of Egypt's largest quoted companies, will buyback 2 million shares, or 0.9 per cent of its share capital, by 17 March.
  • Orascom Construction Industries to buy back shares

    Orascom Construction Industries, one of Egypt's largest quoted companies, will buyback 2 million shares, or 0.9 per cent of its share capital, by 17 March.
  • Orascom Telecom climbs 12.7 per cent on share buyback plan

    Egypt's Orascom Telecom gained 12.7 per cent on the Egyptian Exchange on 10 February, after it announced plans for a share buyback programme.
  • Orascom Telecom sells two businesses to Mobinil

    Orascom Telecom has agreed to sell its Egyptian internet service provider LinkdotNet and its software development company Link Egypt to Mobinil, Egypt's largest mobile phone operator.
  • Palestinian National Authority approves plan for Rawabi new town

    The Palestinian National Authority (PNA) has approved the masterplan for Rawabi, a new town it plans to build in the West Bank.
  • Palestinian National Authority approves plan for Rawabi new town

    The Palestinian National Authority (PNA) has approved the masterplan for Rawabi, a new town it plans to build in the West Bank.
  • Paltel records 17 per cent rise in profits ahead of takeover decision

    Paltel, the monopoly telecoms operator in the West Bank & Gaza, has reported a 17 per cent rise in net profits in the fourth quarter of 2008.
  • Paltel to decide on Zain offer on 9 February

    Paltel, the monopoly supplier of mobile and fixed-line telecoms in the West Bank and Gaza, will decide whether to sell a minority stake to Kuwait's Zain at a meeting of its board of directors on 9 February.
  • Panasonic to cut 15,000 jobs

    Panasonic has announced that it will be cutting 15,000 jobs globally by 2010, as well as closing 27 factories. The electronics giant earlier announced Q4 losses of $707.2m. The move comes amid falling prices for electronic goods and a slump in retail sales in the sector.
  • Payment delays hit 86 per cent of contractors

    Delayed payments for completed work is now affecting 86 per cent of contractors working in the GCC region, according to a survey of industry professionals.
  • Payment delays hit 86 per cent of contractors

    Delayed payments for completed work is now affecting 86 per cent of contractors working in the GCC region, according to a survey of industry professionals.
  • Petro-Rabigh reports $335m loss

    Saudi Arabia’s Rabigh Refining and Petrochemical Company (Petro-Rabigh) has reported a net loss of SR1.26bn ($335m) for 2008 due to weak market conditions and project delays.
  • Pipeline contract delays add to doubts over Al-Zour refinery

    The closing date for bids on an engineering, procurement and construction (EPC) contract for pipelines at the planned Al-Zour refinery in Kuwait has been extended by a month, prompting some contractors to question whether the wider project will now go ahead.
  • Premier Inn to slash Dubai rates

    Mid-range hotel chain Premier Inn has announced that it will cut the daily rates for its Dubai properties by 30% until September 2009. Daily rates will now be Dhs350, compared to Dhs495 previously.
  • Prequalification closes for Kuwait's Clean Fuel Project

    The prequalification process for a series of engineering, procurement and construction (EPC) contracts for Kuwait National Petroleum Company has closed, with a large number of companies thought to have applied.
  • Private sector investment in Jordan rises 5 per cent

    Businesses increased their investments in Jordan by 5 per cent during 2008, according to figures released by the Jordan Investment Board on 4 February.
  • Production starts at IRICO rail plant

    Production has started at Iran Khodro Rail Industries' rolling stock factory at Abhar in northwest Iran, the company has announced. The start of work follows the formal inauguration of the $45m first phase of the plant by the Minister of Industries & Mines on December 22. Car and van maker Iran Khodro Investment Development established IRICO in 2003 with the aim of producing metro, light rail, monorail and suburban rolling stock.
  • Qatalum 65% complete

    The $5.6bn Qatalum aluminium project in Qatar is scheduled to commence operations in 2009, with 65% of the construction having been completed by end of January, Qatalum CEO Truls Gautesen told reporters. Phase 1 of the project will have an annual capacity of 585,000 tonnes of primary aluminium. The project will reach its full capacity of 1.2m tonnes in H2 2010.
  • Qatar Airways cuts fuel surcharge

    Qatar Airways has announced that it has reduced the fuel surcharge on flights in its international network, reported The Peninsula. The reduction applies to short and long-haul services in the airline's global network. It follows an earlier reduction implemented by the airline in December on tickets for one-way and return flights from Doha, the carrier's hub.
  • Qatar Airways takes delivery of first Boeing 777-200

    Qatar Airways has taken delivery of its first Boeing 777-200 Long Range (LR) aircraft. The aircraft took 15 hours of continuous flying to reach Doha from its manufacturing base in Seattle in the US. Qatar Airways has placed orders for 32 Boeing 777 aircraft.
  • Qatar extends Saudi Arabia services

    Qatar Airways has expanded operations in Saudi Arabia by increasing services between Doha and Jeddah, Riyadh and Dammam. Five flights per week will be added to the current Dammam daily schedule, bringing the total frequency to 12 services per week. Riyadh will be served with two additional flights a week and two extra flights will also be introduced between Doha and Jeddah.
  • Qatar inflation falls to 13 per cent

    Inflation in Qatar fell to 13.16 per cent in the fourth quarter of 2008, from 15.8 per cent in the previous quarter.
  • Qatar Nakilat receives new Q-Flex LNG carrier

    One of the world's largest and most advanced Q-Flex LNG carriers was delivered to Qatar Gas Transport Company (Nakilat) at Daewoo Shipbuilding and Marine Engineering's Okpo shipyard. The carrier has been chartered on long term contract to Nakilat. The Q-Flex LNG Carrier will be used to ship LNG produced by Qatar Liquefied Gas Company Limited (Qatargas 3), to US markets.
  • Qatar Petrochemical inks $35m deal

    Industries Qatar has signed a deal worth $35m to supply ethylene Japanese trading house Marubeni. The contract was signed by subsidiary Qatar Petrochemical.
  • Qatar takes majority stake in UK renewables event

    A Qatari exhibitions company has acquired a majority stake in the UK’s All-Energy, which specialises in renewable energy events.
  • Qatar to set internet policy

    ictQatar has announced it is in the process of developing a policy for governing internet services and is set to launch an online consultation seeking the public's opinion on how internet services within Qatar should be kept safe and secure, The Peninsula has reported. The policy covers filtering of internet content and how filtering errors will be rectified; what type of content can be hosted on servers; what type of data will need to be retained for law enforcement purposes; user identific
  • Qatar: Accommodation refurbishment

    Refurbishment of accommodation. Closing date: 29 March 2009
  • Qatar: Accommodation refurbishment

    Refurbishment of accommodation. Closing date: 29 March 2009
  • Qatar: Desalination plant consultancy

    Provision of consultancy services for a reverse osmosis desalination plant pilot project. Closing date: 9 March 2009
  • Qatar: Distribution substation equipment maintenance

    Maintenance of distribution substation equipment. Closing date: 5 April 2009
  • Qatar: Instrument workshop EPIC services

    Provision of engineering, procurement, installation and commissioning (EPIC) services for a new instrument workshop at a production station. Closing date: 15 March 2009
  • Qatar: Instrument workshop EPIC services

    Provision of engineering, procurement, installation and commissioning (EPIC) services for a new instrument workshop at a production station. Closing date: 15 March 2009
  • Qatar: Islamic centre

    Construction of an Islamic centre. Closing date: 17 February 2009
  • Qatar: Islamic centre

    Construction of an Islamic centre. Closing date: 17 February 2009
  • Qatar: Natural gas facilities maintenance

    Carrying out turnaround maintenance works at natural gas facilities. Closing date: 29 March 2009
  • Qatar: Offshore workboat-based construction services

    Carrying out workboat-based construction services for offshore fields. Closing date: 22 March 2009
  • Qatar: Oil field operating procedure manuals

    Updating of the Dukhan Field operating procedure manuals. Closing date: 12 April 2009
  • Qatar: Pedestal cranes

    Replacement of production station pedestal cranes. Closing date: 29 March 2009
  • Qatar: Pedestal cranes

    Replacement of production station pedestal cranes. Closing date: 29 March 2009
  • Qatar: Power line maintenance

    Carrying out maintenance and breakdown repairs of overhead power lines. Closing date: 15 March 2009
  • Qatar: Radio and television complex renovation

    Renovation of a radio and television complex. Closing date: 24 March 2009
  • Qatar: Radio and television complex renovation

    Renovation of a radio and television complex. Closing date: 24 March 2009
  • Qatar: Road development (zone 51)

    Development of roads. Closing date: 10 March 2009
  • Qatar: Road development (zone 51)

    Development of roads. Closing date: 10 March 2009
  • Qatar: Road development (zone 56)

    Development of main roads. Closing date: 17 February 2009
  • Qatar: Road development (zone 56)

    Development of main roads. Closing date: 17 February 2009
  • Qatar: Scaffolding services

    Provision of scaffolding services. Closing date: 1 March 2009
  • Qatar: Storage facility racking equipment

    Supply of racking equipment for a storage facility at a shipyard warehouse. Closing date: 8 March 2009
  • Qatar: Substations

    Supply of package substations. Closing date: 8 March 2009
  • Qatar: Sweet fuel gas supply

    Provision of EPIC services for the supply of sweet fuel gas to consumers. Closing date: 22 March 2009
  • Qatar: Training centre construction

    Construction of a new training centre. Closing date: 5 April 2009
  • Qatar: Tubular poles

    Supply of tubular poles. Closing date: 1 March 2009
  • Qatargas delays gas recovery award

    Qatargas has delayed the issue of an engineering, procurement and construction award for a gas recovery project at Ras Laffan.
  • Qatari firm receives finance for Ras Laffan service centre

    Qatar’s Oryx Engineering Solutions has agreed a finance deal with Bahrain’s Bank Muscat International (BMI) for the construction of an engineering centre at Ras Laffan.
  • Qatari market dives 8.9 per cent on earnings fears

    Qatar's stock market lost 8.9 per cent of its value in the past week as investors reacted to fears of lower-than-expected earnings by selling shares on the Doha Securities Market (DSM).
  • Qtel cuts charges at three GCC operations

    Qtel will cut international roaming rates for customers of its three GCC businesses.
  • Qtel pays $810m to take control of Indosat

    Qtel, a telecoms operator majority owned by the Qatar government, has paid $810m to take its stake in Indonesia's second-largest mobile phone operator to a controlling 65 per cent.
  • Qtel to delist shares from Bahrain Stock Exchange

    Qtel, Qatar's monopoly telecoms operator, will end its secondary listing on the Bahrain Stock Exchange (BSE) on 26 February, according to a statement from the company.
  • Radisson SAS becomes Radisson Blu

    Radisson SAS has changed its name to Radisson Blu. The name change marks the end of the Radisson SAS success story with the SAS Group following Rezidor's IPO back in November 2006.
  • Raffles appoints new GM for Dubai hotel

    Raffles Hotels and Resorts has appointed John Pelling as general manager of Raffles Dubai. The hotel opened in 2007 and was the chain's first property to open in the Middle East. Prior to joining Raffles Dubai, he was Regional Vice President, China, for Swissôtel Hotels & Resorts where he had oversight of the group's portfolio and new developments within China.
  • RAK Airways in talks over government bailout

    RAK Airways is in discussions with its state owners over a government bailout to save the airline.
  • RAK Co for White Cement profits fall

    Ras Al Khaimah Co for White Cement and Construction Materials said its net profits declined to Dhs81.82m in 2008, down from Dhs160.51m in the previous year. Revenues increased to Dhs250.43m in 2008, up from Dhs225.79 million in 2007.
  • Rak Petroleum starts production at Oman's West Bukha field

    UAE exploration firm Rak Petroleum has started production from the West Bukha field in Oman’s Block 8 after acquiring the acreage from Indago Petroleum in early 2007.
  • RAK Steel expansion on hold

    RAK Steel has postponed the expansion of its facilities until the end of 2009 due to the slowdown in the regional construction sector, according to Business24/7. The expansion had been planned for completion in Q1 2009. Steel prices have fallen by 70% since July 2008.
  • Ras Al Khaimah opens talks with foreign airlines

    Ras Al Khaimah International airport has opened talks with a range of foreign airlines to boost traffic.
  • Ras al-Khaimah outlook is stable says rating agency

    Standard & Poor’s Ratings believes the economic outlook for Ras al-Khaimah is stable and has affirmed its sovereign credit ratings.
  • Rasmala launches two Saudi equity funds

    The Saudi Arabian subsidiary of the UAE’s Rasmala Investments has announced the launch of two sharia-compliant equity funds, following approval from the local regulator the Capital Market Authority (CMA).
  • Ratings agency downgrades Gulf government-owned banks

    Ratings agency Standard and Poor’s (S&P) has downgraded two GCC-government owned banks to BBB+, as a result of the deteriorating economic environment in the region and the expectation of further losses.
  • Ratings agency downgrades Kuwaiti banks

    Standard & Poor’s (S&P) has put the credit rating of four Kuwaiti banks on a negative outlook, because of their exposure to local investment companies.
  • Recovery in Gulf markets unlikely until late 2009, says EFG Hermes

    A recovery in Gulf equity markets is unlikely until the fourth quarter of 2009 as international institutions continue to be wary of GCC investments, according to Egypt’s EFG Hermes.
  • Region's IT industry to hit $80bn by 2012

    The region's IT industry is expected to touch $80bn by the end of 2012 providing a platform to start-up companies and encouraging venture capital, according to Dubai Internet City Executive Director Malek Al Malek. A recent white paper on the Middle East commissioned by DIC showed that Middle East countries were on target to spend $13bn on IT-related products, services, and infrastructure in 2008. This would provide a proliferation of opportunities for entrepreneurs who are in the forefront o
  • Rezidor's revenues up 22.9% in 2008

    The Brussels-based Rezidor Hotel Group said it posted a 22.9% jump in its revenues for the financial year ending December 31, 2008, with the Middle East recording the highest increase in RevPAR (revenue per available room). The company said its overall revenues in the Middle East, Africa & Others (Meao) reached €13,983,000, up from €11,373,000 in 2007. It also said the Middle East recorded a 13.4% year-on-year increase in RevPAR in the upper end of the market, to €81.9, up from €72.2 during J
  • Riyadh awards site supervision contracts for Financial District

    The Public Pensions Agency (PPA) has awarded three site supervision contracts for building projects within King Abdullah Financial District (KAFD) in Riyadh.
  • Riyadh awards site supervision contracts for Financial District

    The Public Pensions Agency (PPA) has awarded three site supervision contracts for building projects within King Abdullah Financial District (KAFD) in Riyadh.
  • Riyadh Municipality issues tender for car museum

    Riyadh Municipality has issued a tender for the construction of a vintage car museum in the Saudi capital.
  • Riyadh Municipality issues tender for car museum

    Riyadh Municipality has issued a tender for the construction of a vintage car museum in the Saudi capital.
  • Riyadh to develop media city

    A new multi-billion riyal development aimed at media companies is to be developed in Riyadh.
  • Riyadh to develop media city

    A new multi-billion riyal development aimed at media companies is to be developed in Riyadh.
  • Royal Commission extends bid deadline for Yanbu college for second time

    The Royal Commission for Jubail & Yanbu has extended the bid deadline for the construction of the first phase of the men’s campus at Yanbu University College for the second time.
  • Royal Commission extends bid deadline for Yanbu college for second time

    The Royal Commission for Jubail & Yanbu has extended the bid deadline for the construction of the first phase of the men’s campus at Yanbu University College for the second time.
  • Royal Commission extends substation tender deadline

    The Royal Commission for Jubail & Yanbu has extended the bid deadline for the construction of a substation at Jubail Industrial City by four weeks.
  • Royal Commission extends substation tender deadline

    The Royal Commission for Jubail & Yanbu has extended the bid deadline for the construction of a substation at Jubail Industrial City by four weeks.
  • Royal Commission extends water towers tender

    The Royal Commission for Jubail & Yanbu has extended the bid deadline for the construction of two water towers at Yanbu for the third time.
  • Royal Commission extends water towers tender

    The Royal Commission for Jubail & Yanbu has extended the bid deadline for the construction of two water towers at Yanbu for the third time.
  • Royal Commission extends Yanbu University deadline

    The Royal Commission for Jubail & Yanbu (RCJY) has extended the bid deadline for the construction of the first phase of the men’s campus at Yanbu University College.
  • Royal Commission extends Yanbu University deadline

    The Royal Commission for Jubail & Yanbu (RCJY) has extended the bid deadline for the construction of the first phase of the men’s campus at Yanbu University College.
  • Royal Commission issues groundworks tender

    The Royal Commission for Jubail & Yanbu has issued a construction tender for ground and landscaping works at two districts at Jubail on the Gulf coast.
  • Royal Commission issues groundworks tender

    The Royal Commission for Jubail & Yanbu has issued a construction tender for ground and landscaping works at two districts at Jubail on the Gulf coast.
  • Royal Commission issues Jubail landscaping tender

    The Royal Commission for Jubail & Yanbu has issued a construction tender for landscaping work at Jubail Industrial City.
  • Royal Commission issues Jubail landscaping tender

    The Royal Commission for Jubail & Yanbu has issued a construction tender for landscaping work at Jubail Industrial City.
  • RTA launches safe driving campaign

    The Roads and Transport Authority (RTA) has launched a 'Haseb', or 'Take Care', campaign to educate the public and road users on the importance of compliance with road and traffic regulations. The objective of the campaign is to enforce safe driving, to urge drivers to comply with prescribed speed limits, avoid driving when exhausted, avoid jumping signals and using mobile phones, maintain safe distances and to signal before changing lanes.
  • RTA offers deluxe coach service

    Dubai's Road and Transport Authority (RTA) has introduced deluxe coaches fitted with wireless internet, toilets and audio-visual facilities for people commuting between Dubai and Abu Dhabi, Gulf News has reported. Ten deluxe coaches are now serving on the route but the number will be increased to 55 soon. One-way fare is Dhs20 per person.
  • RTS to offer connectivity to NASDAQ Dubai

    The RTS Realtime Systems Group, a provider of trading services, will offer direct market connectivity to NASDAQ Dubai, the international stock exchange formerly known as the Dubai International Financial Exchange. Through RTS technology, users will be able to trade all of NASDAQ Dubai's listed products, including equities, derivatives and structured products. RTS will offer direct market access to the market through its entire trading services portfolio, including its RTD-API's, the front-end
  • Rubber World Industries to increase production

    Rubber World Industries (RWI) has plans to increase its production capacity by 50% to 1,800 containers during 2009. RWI is the leading manufacturer of closed-cell rubber insulation 'Gulf-O-flex' in the Gulf and South East Asia. Currently RWI accounts for 86% of the Middle East rubber insulation market share supplying the majority of the region's requirements for rubber insulation pipes, sheets and other rubber-derived products. Rubber imports and exports into Dubai reached Dhs7.8bn in 2008.
  • Russian Railways begins work on Tabriz-Azar Shahr railway

    Russian Railways has begun work to overhaul the electrical systems on the rail line between Tabriz and Azar Shahr in Iran.
  • SABIC freezes bonuses, promotions

    The CEO of Saudi Basic Industries Corp (SABIC) said today that the company is freezing promotions and bonuses for some 17,000 staff this year to maximise its cash flow amid the financial crisis, Reuters has reported. Mohamed Al Amdy said staff working for SABIC Innovative Plastics and at SABIC Europe will not be affected because they have already been subject to a similar move.
  • Sabic freezes promotions and pay rises

    Saudi Basic Industries Company (Sabic), the largest company in the Middle East by market capitalisation, has frozen all salary increases, bonuses and promotions within the kingdom as part of cost cutting measures.
  • Salalah port revises tariff structure

    Omani transport authorities are preparing to change their concession structure for companies operating from the Port of Salalah to build on the expansion of the business.
  • Salam International cancels secondary listing on Dubai exchange

    Salam International Investment, a Qatari investment company, will cancel its secondary listing on the Dubai Financial Market (DFM), according to a company announcement on the exchange on 17 February.
  • Sarasin-Alpen launches $250m GCC equities fund

    Switzerland's Bank Sarasin-Alpen has launched a GCC equities fund through which it hopes to raise $250m to invest in the equity markets of Gulf countries.
  • Saudi Arabia to develop sports city

    Saudi Arabia is to develop a SR15bn ($4bn) sports city complex in Jeddah following approval for the design by King Abdullah bin Abdulaziz al-Saud.
  • Saudi Arabia to develop sports city

    Saudi Arabia is to develop a SR15bn ($4bn) sports city complex in Jeddah following approval for the design by King Abdullah bin Abdulaziz al-Saud.
  • Saudi Arabia, UAE and Kuwait economies predicted to contract in 2009

    The economies of Saudi Arabia, UAE and Kuwait will shrink in 2009 as a result of a fall in oil prices, but growth will resume in 2010, according to a report by Bank of America Securities-Merrill Lynch.
  • Saudi Arabia: Asphalting

    Protective maintenance and asphalting of streets. Closing date: 13 April 2009
  • Saudi Arabia: Barrage construction

    Construction of a barrage. Closing date: 17 March 2009
  • Saudi Arabia: Barrage construction

    Construction of a barrage. Closing date: 17 March 2009
  • Saudi Arabia: Bridges

    Construction of bridges. Closing date: 4 April 2009
  • Saudi Arabia: Bridges

    Construction of bridges. Closing date: 4 April 2009
  • Saudi Arabia: Dispatch communication console

    Supply of generation equipment. Closing date: 21 February 2009
  • Saudi Arabia: Generation equipment

    Supply of generation equipment. Closing date: 9 February 2009
  • Saudi Arabia: Hospital

    Construction of a general hospital. Closing date: 14 March 2009
  • Saudi Arabia: Hospital (Alais)

    Construction of a hospital. Closing date: 8 March 2009
  • Saudi Arabia: Hospital (Alais)

    Construction of a hospital. Closing date: 8 March 2009
  • Saudi Arabia: Hospital (Alfagheera)

    Construction of a hospital. Closing date: 16 March 2009
  • Saudi Arabia: Hospital (Alfagheera)

    Construction of a hospital. Closing date: 16 March 2009
  • Saudi Arabia: Hospital (Almahd)

    Construction of a hospital. Closing date: 8 March 2009
  • Saudi Arabia: Hospital (Almahd)

    Construction of a hospital. Closing date: 8 March 2009
  • Saudi Arabia: Housing rehabilitation

    Rehabilitation of three housing units. Closing date: 9 May 2009
  • Saudi Arabia: Housing rehabilitation

    Rehabilitation of three housing units. Closing date: 9 May 2009
  • Saudi Arabia: ICU unit

    Development of an intensive care unit (ICU) and spinal cord injuries department. Closing date: 25 April 2009
  • Saudi Arabia: Jeeps

    Supply of 50 jeeps. Closing date: 16 March 2009
  • Saudi Arabia: Landscaping services

    Provision of landscaping services. Closing date: 16 March 2009
  • Saudi Arabia: Military and security supplies

    Provision of military and security supplies. Closing date: 22 March 2009
  • Saudi Arabia: Paving

    Maintenance of pavements. Closing date: 13 April 2009
  • Saudi Arabia: Relay replacement

    Replacement of ICM-22 relays. Closing date: 8 March 2009
  • Saudi Arabia: Road maintenance

    Maintenance of a road. Closing date: 13 April 2009
  • Saudi Arabia: Road maintenance

    Maintenance of a road. Closing date: 13 April 2009
  • Saudi Arabia: Site development

    Carrying out site development works at Jubail 2. Closing date: 19 April 2009
  • Saudi Arabia: Site development

    Carrying out site development works at Jubail 2. Closing date: 19 April 2009
  • Saudi Arabia: Teaching staff accommodation (King Khaled)

    Construction of teaching staff accommodation. Closing date: 31 March 2009
  • Saudi Arabia: Teaching staff accommodation (King Khaled)

    Construction of teaching staff accommodation. Closing date: 31 March 2009
  • Saudi Arabia: Teaching staff accommodation (Um Alqura)

    Construction of teaching staff accommodation. Closing date: 31 March 2009
  • Saudi Arabia: Teaching staff accommodation (Um Alqura)

    Construction of teaching staff accommodation. Closing date: 31 March 2009
  • Saudi Arabia: Teaching staff accommodation and amenities

    Construction of teaching staff accommodation and amenities. Closing date: 11 March 2009
  • Saudi Arabia: Teaching staff accommodation and amenities

    Construction of teaching staff accommodation and amenities. Closing date: 11 March 2009
  • Saudi Arabia: University activity centre

    Construction of a main activities centre for a university. Closing date: 31 March 2009
  • Saudi Arabia: University activity centre

    Construction of a main activities centre for a university. Closing date: 31 March 2009
  • Saudi Arabia: Wastewater networks

    Implementation of wastewater networks. Closing date: 31 March 2009
  • Saudi Arabia: Wastewater networks

    Completion of wastewater networks. Closing date: 19 April 2009
  • Saudi Arabia: Water network expansion

    Extension of water networks. Closing date: 30 March 2009
  • Saudi Arabia: Water purification plant

    Implementation of a small water purification plant project. Closing date: 3 March 2009
  • Saudi central bank predicts further falls in inflation

    The Saudi Arabian Monetary Agency (Sama), the country's central bank, has said that it expects to see further falls in the country’s inflation rate as global commodity demand continues to ease, relieving price pressure.
  • Saudi Electricity agrees turbine supply deal for Riyadh plant

    The US' GE has signed a contract for almost $1bn to supply Saudi Electricity Company (SEC) with more than 30 gas turbines for its PP10 power plant to be built in Riyadh.
  • Saudi Higher Education Ministry issues three housing tenders

    Three further tenders for staff housing schemes have been issued by Saudi Arabia’s Higher Education Ministry.
  • Saudi Higher Education Ministry issues three housing tenders

    Three further tenders for staff housing schemes have been issued by Saudi Arabia’s Higher Education Ministry.
  • Saudi inflation falls to 7.9 per cent

    Inflation in Saudi Arabia has fallen to 7.9 per cent in January, down from 9 per cent the previous month, bringing monthly cost of living increases down to their lowest level for a year.
  • Saudia agrees $300m maintenance deal

    Saudi Arabian Airlines (Saudia) has signed a 10-year engine maintenance deal with GE Aviation Services worth $300m.
  • Saudia cuts Bangladesh flights

    Saudi Arabian Airlines (Saudia) plans to cut the number of flights to Bangladesh by a third due to the decline in migrant labour traffic as a result of the global recession, MEED has reported. The Saudi national carrier is cutting flights from across the kingdom to the Bangladeshi capital Dhaka from April. The number of flights will drop to eight a week from 12.
  • Saudia cuts Bangladesh flights as labour market dries up

    Saudi Arabian Airlines (Saudia) is to cut the number of flights to Bangladesh by a third to account for the decline in migrant labour traffic as a result of the global recession.
  • Saudia cuts international fares

    Saudi Arabian Airlines (Saudia) is to cut fares on its international network by up to 50 per cent, in an effort to compete more effectively with rival carriers.
  • Saudia seeks pilots

    Saudi Arabian Airlines (Saudia) is now recruiting pilots for its new Hajj and Umrah airline, Al Wafeer, reported MEED. The Saudi national carrier has not set a launch date for the new service, which will serve the region with flights to Jeddah for easy access to the nearby holy sites at Mecca and Medina.
  • Saudia seeks pilots for Hajj airline

    Saudi Arabian Airlines (Saudia) has begun recruiting pilots for its new Hajj and Umrah airline, Al Wafeer.
  • Scottish Widows targets Saudi insurance sector

    Scottish Widows is to establish a new asset management arm in Saudi Arabia to tap in to the growing insurance market in the country.
  • Second terminal at Jebel Ali set to open

    DP World said a second terminal at Jebel Ali port in Dubai will become operational by the end of the month, The National has reported. The terminal will have a handling capacity of 5 million 20-foot equivalent units, which will raise the port's total capacity by 75%.
  • Sembcorp looks for Salalah commitments by 12 February

    Sembcorp, the preferred bidder on the Salalah power and water project in Oman, has given banks just one week, until 12 February, to respond to invitations to finance the $750m debt on the project.
  • Shangri-La offers free Internet access

    Hong Kong-based Shangri-La Hotels and Resorts, which has 60 hotels throughout the world, including the Middle East, is now offering all guests free Internet services. 'No longer considered a luxury, guests are demanding high-speed Internet access as an essential room requirement and as something that should be included as a standard service by an international hotel group,' said Madhu Rao, Shangri-La's managing director and CEO. Shangri-La's free Wi-Fi and wired Internet services will be avai
  • Sharjah Airport passenger numbers up 22%

    Sharjah International Airport has recorded a total of 5,280,445 passengers in 2008. The figure represents an increase of 22.11% compared to 2007 when the airport recorded 4,320,313 passengers. Aircraft traffic also increased in the same period by 18.81% from 51,314 flights in 2007 to 60,965 in 2008.
  • Sharjah Port handling up 25%

    The total volume of containers handled by ports in the emirate of Sharjah stood at 2.4 million 20-foot (TEU) equivalent units during 2008. This figure represents a 25% growth over 2007. The increase handling is mainly attributed to additional activity at the Khorfakkan Container Terminal (KCT), which handled 2,112,441 (TEU) last year.
  • Shell to hold talks on gas deal with Baghdad

    Baghdad will meet with UK / Dutch energy major Shell Group on 11 February to revise the terms of an associated gas development deal which could lead to the formation of a joint venture by the end of 2009.
  • Shuaa Capital reports loss of $158m for last quarter

    Shuaa Capital made a AED577m ($157m) loss in the final three months of 2008, according to results released on 16 February.
  • Sipchem delays start of Jubail acetyls plant

    Saudi International Petrochemical Company (Sipchem) has delayed the start up of its Jubail acetyls complex by three months, after arranging SR1.35bn ($360m) in extra funding for the project.
  • Six firms on Muscat airport shortlist

    A total of six international groups have been shortlisted for the construction of a new $1.4bn terminal at Muscat's airport. The firms are; Bechtel, Vinci, Larsen and Toubro, Saudi Binladen Group, Consolidated Contractors Company, and Joannou and Paraskevaides. Bidding ends on March 9.
  • Six groups line up for Muscat airport terminal

    Six groups are expected to submit prices by the 6 April deadline for the contract to build the passenger terminal at Muscat International airport.
  • Six groups line up for Muscat airport terminal

    Six groups are expected to submit prices by the 6 April deadline for the contract to build the passenger terminal at Muscat International airport.
  • SmartSat to launch first private satellite in region

    A group of Kuwaiti and Jordanian TV companies have come together to establish a new $500m satellite operation based in Dubai. 'SmartSat' will build and launch the region's first privately-owned satellite. The company is a joint venture between Smartlink, the Jordanian broadband satellite services provider and a Kuwaiti investment firm. With an aim of improving the quality of services offered by internet service providers, GSM providers, television companies and others, SmartSat will primarily
  • Sonatrach commits to gas supply for Sofert

    Algerian state-owned energy major Sonatrach has formally committed to supplying Sofert, an Egyptian/Algerian fertilizer company, with natural gas from 2011.
  • Sorouh registers 42 per cent increase in profits

    Sorouh, a listed Abu Dhabi real estate developer, registered a 42 per cent increase in net profits in 2008, according to financial results released by the company on 19 February.
  • Sorouh registers 42 per cent increase in profits

    Sorouh, a listed Abu Dhabi real estate developer, registered a 42 per cent increase in net profits in 2008, according to financial results released by the company on 19 February.
  • South Oil awards Basra debottlenecking contract

    Iraq's South Oil Company has awarded a front end engineering and design (FEED) contract for the debottlenecking and upgrade of its Basra export terminal to the US' Foster Wheeler.
  • Sovereign Funds still waiting for market to hit bottom

    Sovereign Wealth Funds (SWFs) are still waiting for global markets to hit the bottom before resuming their investment strategies, according to a survey of senior executives in a number of the largest funds by Financial Dynamics.
  • Square Enix to buy Eidos

    Japanese videogame maker Square Enix Holdings has agreed to buy Eidos, the UK-based company behind titles including Tomb Raider and Championship Manager for $121.3m. Midway Games, the creator of the Mortal Kombat series, has also filed for bankruptcy protection for its US operations after its main investor sold his 87% stake to a private client. This has triggered a clause whereby noteholders can demand their money back, and the company has said that it will be unable to pay if this happens.
  • Sri Lanka Middle East tourist numbers up

    According to the Sri Lanka Tourism Promotion Bureau's (SLTPB) Middle East Office, Middle East travellers visiting Sri Lanka increased by 24% in 2008. The strongest growth markets included UAE, Kuwait, Qatar, Bahrain, Lebanon and Iran. Sri Lanka offers Arab travellers cultural attractions, entertainment, shopping and dining and is less than four hours flying time away from the Gulf.
  • Standard Chartered says UAE banks need $27bn in deposits to restart lending

    The UAE banking sector needs an injection of up to AED100bn ($27.2bn) in capital in order to encourage banks in the country to start lending again, according to analysts at the UK's Standard Chartered Bank.
  • Standard Chartered urges UAE to inject more funds into banks

    The UAE economy will contract in the first half of 2009 before starting to recover in the second half of the year, but only if the government injects more money into the banking system, according to economists at the UK's Standard Chartered Bank.
  • Steel demand in GCC may fall 35%

    Steel demand from the GCC construction industry could drop as much as 35% in 2009 due to a slowdown in growth caused by the economic crisis, Reuters has reported, citing analysts. John Short, executive director for steel and base metals at the Dubai Multi Commodities Centre (DMCC) said estimates for consumption in 2009 varied from 9 million to 13 million tonnes in Gulf states, down from about 14 million tonnes in 2008.
  • Subiya expressway contract award due in March

    Kuwait’s Public Works Ministry is set to award the KD41.3m ($151m) Subiya expressway contract to the local United Gulf Construction Company (UGCC) in March.
  • Subiya expressway contract award due in March

    Kuwait’s Public Works Ministry is set to award the KD41.3m ($151m) Subiya expressway contract to the local United Gulf Construction Company (UGCC) in March.
  • Sudan: Business development training

    Provision of business development training. Closing date: 28 February 2009
  • Sudan: Road construction supervision (Damazin-Kurmuk)

    Provision of construction supervision services for the construction of a road. Closing date: 18 February 2009
  • Sudan: Road construction supervision (Damazin-Kurmuk)

    Provision of construction supervision services for the construction of a road. Closing date: 18 February 2009
  • Sudan: Road construction supervision (Kadugli-Kaouda)

    Provision of construction supervision services for the construction of a road. Closing date: 18 February 2009
  • Sudan: Road construction supervision (Kadugli-Kaouda)

    Provision of construction supervision services for the construction of a road. Closing date: 18 February 2009
  • Sudan: Road improvement works (Kadugli-Kaouda)

    Carrying out spot improvement works to the Kadugli-Kaouda road. Closing date: 5 March 2009
  • Sudan: Road improvement works (Kadugli-Kaouda)

    Carrying out spot improvement works to the Kadugli-Kaouda road. Closing date: 5 March 2009
  • Sudan: Road upgrade

    Upgrade of a road. Closing date: 29 March 2009
  • Sudan: Road upgrade

    Upgrade of a road. Closing date: 29 March 2009
  • Sudatel suffers 27 per cent drop in 2008 profits

    Sudatel, the state-controlled telecoms operator in Sudan, has reported a 27 per cent fall in net profits for 2008.
  • Suez canal revenues slump in January

    Revenues from the Suez Canal fell to $332m in January, a drop of 20 per cent from $414m in January last year.
  • Sultanate of Oman prequalifies international contractors for government Majlis

    The Sultanate of Oman has prequalified six local and international contractors for the construction of a AED700m ($191) government Majlis (parliament) in Muscat.
  • Sultanate of Oman prequalifies international contractors for government Majlis

    The Sultanate of Oman has prequalified six local and international contractors for the construction of a AED700m ($191) government Majlis (parliament) in Muscat.
  • Survey reveals Saudi Arabia as most promising construction market for 2009

    Saudi Arabia presents the greatest opportunity for contractors in the coming year, according to a survey of industry professionals at MEED’s Arabian World Construction Summit (AWCS) 2009 in Abu Dhabi.
  • Survey reveals Saudi Arabia as most promising construction market for 2009

    Saudi Arabia presents the greatest opportunity for contractors in the coming year, according to a survey of industry professionals at MEED’s Arabian World Construction Summit (AWCS) 2009 in Abu Dhabi.
  • Syria: Cables

    Supply of cables. Closing date: 6 April 2009
  • Syria: Drill stem testing assembly parts

    Supply of parts for drill stem testing assembly. Closing date: 25 February 2009
  • Tabreed profit up by 26%

    The National Central Cooling Company, also known as 'Tabreed' posted strong performance in 2008 across all four core businesses of services, chilled water, contracting and manufacturing. The company's 2008 revenues amde Dhs734m, an increase of 30% over 2007 while gross profit hit Dhs319m, an increase of 26% over 2007.
  • Tabreed results 'stronger than expected'

    District cooling owner and operator Tabreed has issued its unaudited FY08 earnings results. Net profit to equity holders grew by 1.46% to Dhs72.9m, 'ahead of our expectations', says a report by finance house MAC Capital. Revenue grew by 30% to Dhs734.8m. Q4 2008 was strong for top line growth, with revenue increasing by 78% to Dhs251.8m. However, net profit growth was flat due to higher finance costs and a likely contraction in EBIT margins.
  • Tabreed signs $100m Islamic financing deal

    Abu Dhabi’s district cooling company National Central Cooling Company (Tabreed) has closed a AED368m ($100m) Islamic financing facility.
  • Tanberg launches new HD webcam

    Tanberg has announced a beta program with Microsoft for the Tanberg PrecisionHDTM USB Camera, the first ever webcam to offer 720p high definition with 30 frames per second for business-quality live video communications over Microsoft Office Communications Server 2007 Release 2. Announced during the Office Communications Server 2007 R2 virtual conference, the beta program is one more step toward business-quality high definition live video communications for any enterprise using Office Communic
  • Tawazun, Bin Jabr JV to build vehicle

    Tawazun Holding and Bin Jabr Group for Holding Industries LLC have signed an agreement for collaboration on setting up a joint venture company for the development of Nimir military vehicle. Nimir is an off-road extreme utility military vehicle, designed and manufactured by Bin Jabr Group through its facility in Jordan. The facility, which is designed and equipped to produce 1,000 vehicles a year, will be enhanced by the new company to help increase production capacity. Under the terms of the
  • TDIC awards marine works contract to AST

    Abu Dhabi's Tourism Development & Investment Company (TDIC) has awarded a Dhs142m ($38.6m) marine works contract to AST, a Dubai-based construction company. The contract covers dredging and construction of a 2 km quay wall and pontoons for the Fishermen's Marina at the Al Bateen Wharf urban redevelopment project. The marine work has already commenced and is expected to take a year to complete. Featuring berths for 320 fishing vessels and 38 racing dhows, the marina is part of an effort to rev
  • Technip says talks continuing on delayed Qatargas venture

    French oil and gas contractor Technip says it is still in discussions with Qatar Liquefied Gas Company (Qatargas) over delivering the delayed Qatargas 3 and 4 ventures.
  • Technip wins Midor expansion contract

    Paris-based Technip has won a Eu43m ($55m) engineering, procurement and construction (EPC) contract for the expansion of the delayed coking unit at the Alexandria refinery owned by Egypt's Middle East Oil Refinery (Midor).
  • Tehran Stock Exchange to review Bank Mellat share sale

    The Tehran Stock Exchange may decide to cancel the initial public offering (IPO) of Bank Mellat, after the state-owned bank failed to sell all the shares offered in its privatisation.
  • Tender for Burj Al-Fattan extended

    The local Al-Fattan Properties has extended the tender closing date for its Burj Al-Fattan project to 28 February from 31 January, to give bidders more time to prepare.
  • Tender for Burj Al-Fattan extended

    The local Al-Fattan Properties has extended the tender closing date for its Burj Al-Fattan project to 28 February from 31 January, to give bidders more time to prepare.
  • Tender issued for Jubail construction work

    The Royal Commission for Jubail & Yanbu has issued a construction tender for site development work at Jubail 2.
  • Tenders committee approves Combined bid for water and road systems

    Kuwait’s Central Tenders Committee (CTC) has approved the KD13.7m ($47m) bid for the first-phase contract to build rainwater and wastewater drain networks and roads in the Abu Futaira district in the east of Kuwait.
  • Tenders committee approves Combined bid for water and road systems

    Kuwait’s Central Tenders Committee (CTC) has approved the KD13.7m ($47m) bid for the first-phase contract to build rainwater and wastewater drain networks and roads in the Abu Futaira district in the east of Kuwait.
  • Tenders expected soon for Abu Dhabi-Saudi Arabia highway

    Tender documents are expected to be released in the near future for the contract to build the AED10bn ($2.7bn) highway connecting Abu Dhabi city and the border with Saudi Arabia.
  • Tenders expected soon for Abu Dhabi-Saudi Arabia highway

    Tender documents are expected to be released in the near future for the contract to build the AED10bn ($2.7bn) highway connecting Abu Dhabi city and the border with Saudi Arabia.
  • Tenders issued for Abu Dhabi port works

    Abu Dhabi Ports Company (ADPC) has invited companies to tender for an onshore civils and building package at Khalifa Port & Industrial Zone in the Taweelah area of Abu Dhabi.
  • Tenders issued for Abu Dhabi port works

    Abu Dhabi Ports Company (ADPC) has invited companies to tender for an onshore civils and building package at Khalifa Port & Industrial Zone in the Taweelah area of Abu Dhabi.
  • Tenders issued for catering facilities at Oman airports

    The Transport and Communications Ministry has invited companies to bid by 30 March for the contract to provide design and construction supervision services for catering facilities at Muscat and Salalah airports.
  • Tenders issued for catering facilities at Oman airports

    The Transport and Communications Ministry has invited companies to bid by 30 March for the contract to provide design and construction supervision services for catering facilities at Muscat and Salalah airports.
  • Tenders issued for Muscat parliament building

    Contractors have been invited to bid by 14 April for the contract to build the majlis (parliament) in Muscat, at an estimated cost of AED700m ($191m).
  • Tenders issued for Muscat parliament building

    Contractors have been invited to bid by 14 April for the contract to build the majlis (parliament) in Muscat, at an estimated cost of AED700m ($191m).
  • Tenders issued for Sea View resort on Palm Jumeirah

    Local developer Das Real Estate has invited selected companies to submit bids by 5 March for the contract to build the Sea View Club Hotel & Apartments on the crescent of Palm Jumeirah in Dubai.
  • Tenders issued for Sea View resort on Palm Jumeirah

    Local developer Das Real Estate has invited selected companies to submit bids by 5 March for the contract to build the Sea View Club Hotel & Apartments on the crescent of Palm Jumeirah in Dubai.
  • Thiess to manage Abu Dhabi's building waste

    Thiess Services Middle East has signed a 15-year concession agreement with Abu Dhabi’s Centre for Waste Management.
  • Thiess to manage Abu Dhabi's building waste

    Thiess Services Middle East has signed a 15-year concession agreement with Abu Dhabi’s Centre for Waste Management.
  • Three bid for re-tendered Saudi Landbridge project

    All three expected consortiums met the 31 January deadline for bids to build the Saudi Landbridge rail project, including a joint submission between the two former leading groups.
  • Total continues with Middle East projects despite loss

    France’s Total has reiterated its commitment to projects in Saudi Arabia and Qatar, despite seeing a €776m ($989) loss before adjustments in the fourth quarter of 2008.
  • Total denies South Pars gas deal imminent

    France’s Total has denied an official Iranian media report that it will sign an agreement with National Iranian Oil Company (NIOC) in March for the development of the South Pars gas field.
  • Tourist revenues in Yemen touch $450m

    Tourist revenues in Yemen reached YR 90 billion ($450m) in 2008, compared to YR 85 billion in the previous year, an increase of 6%, according to Yemen's Statistics of Ministry of Tourism. Tourist arrivals to Yemen totalled 404,497 in 2008, compared to 378,361 the prior year, a rise of 7%.
  • TPI launches mega panel production plant in UAE

    Tiger Profiles & Insulation (TPI) has unveiled its multi-million Euro plant that will have the largest production capacity in the GCC. In development for two years, the production plant sprawls over more than 13,700m2 of land in the Industrial City of Abu Dhabi in Mussafah, UAE.
  • Trend Micro security product Citrix-ready

    Internet content security group Trend Micro has announced that its enterprise endpoint security product, OfficeScan Client/Server Edition 8.0, has been verified as Citrix Ready. The Citrix Ready program helps customers identify third-party solutions that add the greatest value in Citrix Application Delivery Infrastructure products. OfficeScan Client/Edition 8.0 is powered by the Trend Micro Smart Protection Network, a cloud-client next-generation content security infrastructure.
  • Trend Micro tops spam detection

    Internet security company Trend Micro has been named as the most effective spam detector in a report by UK-based Westcoast Labs. The company, which achieved a 96.71% detection rate, came ahead of firms including McAfee, Websense, Symantec and Fortinet.
  • Trend Micro, Cisco offer safe surf software

    Cisco and Trend Micro is introducing an Internet security software integrated into Linksys' wireless routers. The Home Network Defender features safe web-surfing capabilities, parental controls and user-activity reporting embedded on select Linksys by Cisco wireless-N home routers. Home Network Defender detects and eradicates Web threats such as online fraud, scams, phishing schemes, predators and viruses before they enter the home network.
  • Tripoli delays meeting to discuss oil nationalisation

    Discussions on the nationalisation of oil assets in Libya have been delayed, with the General People’s Congress to meet later than planned.
  • Tunisia launches Bizerte power project

    State utility Societe Tunisienne de l’Electricite et du Gaz (Steg) has issued a request for prequalification for an independent power project at Bizerte on the coast northwest of Tunis.
  • Tunisia: Gas emission control system

    Creation, construction and operation of a management system for the control of gas emissions. Closing date: 25 March 2009
  • Tunisia: Independent power project

    Implementation of a 350-500MW independent power plant in Bizerte. Closing date: 30 March 2009
  • Tunisia: IT equipment

    Supply of equipment for an IT development project. Closing date: 23 March 2009
  • Tunisia: Logistics services and infrastructure consultancy

    Provision of consultancy services for the development of logistics services. Closing date: 17 February 2009
  • Tunisia: Power cables

    Supply of high-voltage cables for a power distribution network project. Closing date: 8 April 2009
  • Turkey benefits from GCC tourism

    The number of GCC tourists visiting Turkey was up by 15% in 2008. Statistics show that more than 18.5 million tourists visited Turkey in the first eight months of 2008, an increase of 15% over the same period in 2007. There was an increase of 55% in tourists from Kuwait, 39% from the UAE, 27% from Bahrain, 24% from Saudi Arabia and 13% from Qatar.
  • Turkish Airlines increases international flights

    Turkish Airlines plans to add more flights departing from Istanbul to various international cities as part of an expansion program. Having increased its flights recently to many international destinations, Turkish Airlines will also raise the flight frequencies to the cities of New Delhi and Mumbai in India, Brussels, Venice, Helsinki, Basel and Dublin in Europe, Kuwait in the Middle East, and Addis Ababa in Africa.
  • UAE bank deposits fall despite moves to address funding gap

    The total value of deposits in the UAE banking system fell in January by 1.8 per cent to AED905.7bn ($246.6bn), further widening a funding gap in the domestic banking system despite attempts by banks to attract more deposits.
  • UAE calls for emergency committee to deal with economic crisis

    The UAE’s Ministry of Economy has called for the creation of a Common Emergency Committee to deal with the effects of the global economic slowdown and financial crisis on the country.
  • UAE construction groups in talks over Karbala investments

    Iraqi authorities have held talks with construction groups from the UAE in an attempt to bring new investment to Karbala.
  • UAE construction groups in talks over Karbala investments

    Iraqi authorities have held talks with construction groups from the UAE in an attempt to bring new investment to Karbala.
  • UAE inks $3bn deal with Boeing, Lockhead

    The UAE signed deals yesterday to acquire 16 military transport aircraft from Lockhead and Boeing for Dhs11bn ($2.99bn). The sale includes four C-17 heavy transport aircraft from Boeing and 12 Lockhead Martin C-130J Super Hercules, in addition to supplementary contracts for training services, and support.
  • UAE interiors supplier inks Syrian hotel contract

    Greenline Interiors, a UAE-based interiors supplier, has received a Dhs700m contract for the interior design and fit-out of three luxury hotels that form part of a tourist resort currently under development in the city of Tartus, Syria. The resort will be built on 1.5 kilometres of reclaimed land and will include three luxury hotels and furnished apartments located around a marina walk and an old cultural and heritage market.
  • UAE invites bids for UAE-Saudi road link

    Five international consortia have been prequalified by the UAE's Department of Transport for a Dhs10bn ($2.7bn) project to upgrade a 327 kilometre roadway between Abu Dhabi and the Saudi border, The National has reported. The Mafraq-Ghweifat motorway is the only road link between the UAE and Saudi Arabia. Its improvement is considered key to the development of Al Gharbia, the UAE's underpopulated and westernmost region.
  • UAE orders 34 fast interceptor boats

    The Critical National Infrastructure Authority (CNIA) of the UAE has ordered 34 sixteen-metre fast interceptor vessels from Abu Dhabi Ship Building (ADSB). The announcement of the Dhs460m ($125m) deal was made during the 9th International Defence Exhibition and Conference, currently underway in Abu Dhabi. ADSB is the prime contractor for the deal along with Turkey's Yonca-Onuk and International Golden Group as partners.
  • UAE regulator to enforce corporate governance training

    The UAE’s capital markets regulator is to make companies on the Abu Dhabi Securities Exchange and the Dubai Financial Market attend training sessions on its new corporate governance rules, which come into force in April 2010.
  • UAE warns under-investment in oil will lead to supply crunch

    With oil prices at half the level necessary to sustain the development of new energy infrastructure, the industry may suffer a “capacity crunch” once the global economy revives, according to UAE Energy Minister Mohamed bin Dhaen Al Hamli.
  • UAE: Cables

    Installation and commissioning of 11kV cables. Closing date: 10 May 2009
  • UAE: Cables and mini-distribution pillars

    Installation of low-voltage cables and mini-distribution pillars. Closing date: 12 March 2009
  • UAE: Generators, panels and cables

    Supply and installation of electric generators, and distribution of panels, submersible, cables and rooms for generators. Closing date: 3 March 2009
  • UAE: Medical fitness centre security

    Provision of security services for a medical fitness centre. Closing date: 3 March 2009
  • UAE: Photocopying and fax machines

    Supply of photocopying and fax machines. Closing date: 15 March 2009
  • UAE: Power abra operation and maintenance

    Operation and maintenance of power abras. Closing date: 15 March 2009
  • UAE: Power transformer online monitoring system

    Supply and installation of an online monitoring system for power transformers. Closing date: 18 March 2009
  • UAE: Reservoir construction (Closing date extension)

    Construction of a 120 million-gallon reservoir. New closing date: 4 March 2009
  • UAE: Reservoir construction (Closing date extension)

    Construction of a 120 million-gallon reservoir. New closing date: 4 March 2009
  • UAE: Road cable laying consultancy

    Provision of consultancy services for cable laying on roads. Closing date: 17 March 2009
  • UAE’s Emirates NBD and Mashreq report fall in profits

    The UAE’s Emirates NBD and Mashreq have reported falls in profit for 2008 of 7 per cent and 14 per cent respectively, due to declining activity in the fourth quarter and provisions made for investment losses.
  • UK contractor fights back in Qatar dispute with Maersk

    UK-based construction firm SLP Engineering has rejected a series of accusations by Maersk Oil Qatar relating to work on Maersk’s offshore Al-Shaheen oil field development. In a statement issued on 20 February, Maersk Oil Qatar, the local subsidiary of Denmark’s Maersk Oil & Gas, revealed that it had initiated arbitration against SLP after terminating the firm’s contract for delivery of offshore accommodation platforms in September 2008.
  • UK's Aedas low-bids for Bahrain consultancy work

    The UK’s Aedas has submitted the low-bid of BD2.23m ($6m) for a consultancy contract in Bahrain covering the design and supervision of a proposed academic building in the capital, Manama.
  • UK's Aedas low-bids for Bahrain consultancy work

    The UK’s Aedas has submitted the low-bid of BD2.23m ($6m) for a consultancy contract in Bahrain covering the design and supervision of a proposed academic building in the capital, Manama.
  • UMW Holdings mulls plant in Oman

    Malaysia's UMW Holdings is considering plans to set up a plant in Oman by 2010 to grow its pipe-threading business, reported Straits Times. The company has been involved in pipe threading for over a decade and owns plants in Thailand and China. Group managing director and chief executive officer Datuk Abdul Halim Harun said UMW wants to build its Middle East presence and will replicate its investments in China and India, where it ventured into in 2002 and 2006 respectively.
  • Universal Dubailand inks deal with Sesame Street

    Universal Studios Dubailand, a member of Tatweer Dubai, has signed a deal with Sesame Workshop to develop three Sesame Street-themed venues for the first Universal Studios theme park in the Middle East. At the centre of the partnership is Sesame Street 4-D Movie Magic, an experience that will explore the moviemaking process using such familiar characters as Big Bird, Elmo, and Cookie Monster. The experience will be presented in a 400-seat auditorium. The park also will feature a Sesame Street
  • Up to 44% of MidEast firms to encrypt data

    Up to 44% of Middle East based companies plan to encrypt over 75% of their data in 2009, according to industry tracking group IDC. 'Encryption is regarded as the best method for protecting information,' said the group's research director.
  • UPS UAE exports up 15%

    UPS's exports from the UAe increased by 15% in 2008. Despite this the company's 2008 global revenue fell by 5.2% to $12.7bn as average daily volumes dropped by 2.3%.
  • US chip makers cut staff

    US-based Spansion Inc, one of the world's largest makers of flash memory chips, said yesterday it will trim its global work force by 35%, affecting about 3,000 employees, mostly at manufacturing sites, AP has reported. The news comes the same day that fellow chip maker Micron Technology announced it will slash as many as 2,000 workers by the end of August and phase out certain manufacturing operations at its Boise, Idaho facility.
  • US firm lands Khobar hotel contract

    The US interior design firm J/Brice Design International has been awarded the fit-out contract for the SR1bn ($300m) Al-Khobar Hotel & Office towers project in Khobar, Saudi Arabia.
  • US firm lands Khobar hotel contract

    The US interior design firm J/Brice Design International has been awarded the fit-out contract for the SR1bn ($300m) Al-Khobar Hotel & Office towers project in Khobar, Saudi Arabia.
  • US to build Iraqi naval facilities at Umm Qasr

    The Iraqi navy has approved plans for the construction of a $53m naval pier and seawall by the US Army Corps of Engineers (USACE) at Iraq’s main deep sea port of Umm Qasr.
  • Vodafone Egypt reports 32 per cent growth in customer numbers

    Vodafone, the UK telecoms operator, has reported a 32 per cent increase in customer numbers at its Vodafone Egypt subsidiary, its largest business in the Middle East and North Africa.
  • Vodafone Qatar to launch services in summer

    Vodafone Qatar expects to launch its mobile phone services in the summer, according to a company spokesman.
  • W Doha hotel to open March 1

    The W Doha Hotel and Residences will have its soft opening on March 1. The property will feature 291 guest rooms, including 31 suites and 154 W Residences, signature restaurants, a poolside outdoor lounge, a crystal champagne bar, a Bliss Spa, event space and luxury retail space.
  • Wataniya Palestine secures $85m loan to complete network

    Wataniya Palestine, a subsidiary of Qatar's Qtel, has secured an $85m loan to finish work on its mobile phone network.
  • Wataniya profits fall due to weakness in Algeria and Tunisia

    Wataniya's 42 per cent drop in net profits during the fourth quarter of 2008 was caused by the deteriorating performance of its Algerian and Tunisian subsidiaries, according to the company's breakdown of its financial results.
  • Wataniya reports 33 per cent fall in fourth quarter net profits

    Wataniya, the second-largest mobile operator in Kuwait, has reported a 33 per cent drop in net profits for the fourth quarter of 2008.
  • Wataniya to fly to Cairo

    Kuwait's Wataniya Airways has announced that it will be flying to Cairo from the 3rd of March, adding another route to its list of announced destinations which include Dubai, Bahrain and Beirut. The airline already has two scheduled flights to Dubai each day, which commenced January 24th 2009, and will be adding Cairo to the list of confirmed routes once the next aircraft arrives later this month.
  • Western Digital launches redesigned 'My Book World Edition'

    Western Digital has introduced its newly redesigned My Book World Edition network storage drive. The revised edition simplifies the tedious task of backing up an entire household's files. Designed for consumers who have multiple computers on a home network, the new drive will be available in one terabyte and two terabyte capacities and is compatible with PC and Mac computers.
  • Work stops on Acacia Avenues in Dubai

    Construction work has stopped on the AED2bn ($544m) Acacia Avenues project in Dubai.
  • Work stops on Acacia Avenues in Dubai

    Construction work has stopped on the AED2bn ($544m) Acacia Avenues project in Dubai.
  • Works for Emirates Industrial City move ahead

    Emirates Industrial Cities Company has completed the installation of five power stations in Emirates Industrial City in Sharjah with a value of Dhs152m. Infrastructure work at EIC is 100% completed as phase 1 of development works for Warehouses City reaches 50%, scheduled to be completed within 15 months.
  • 'Worst is yet to come' for Middle East airlines, says IATA

    Airlines across the Middle East lost $100m in 2008 due to high oil prices and the onset of the credit crunch, but the 'worst is yet to come', according to an industry expert.
  • Yemen: PVC pipes and fittings

    Supply of polyvinyl chloride (PVC) pipes and fittings. Closing date: 30 March 2009
  • Zabeel buys 51% ASP Access stake

    Zabeel Capital, the wholly owned investment arm of Zabeel Investments, has acquired a 51% stake of ASP Access Floors operations in the UAE. Founded in Australia, the company specialises in the manufacture, installation and supply of turnkey raised flooring solutions across the globe.
  • Zadco to develop man-made islands as drilling platforms

    Abu Dhabi ’s Zakum Development Company (Zadco) is to create seven man-made islands to use as drilling platforms for its “750 Project”, according to sources close to the project.
  • Zain Saudi Arabia posts $608m loss

    Zain Saudi Arabia lost SR2.3bn ($608m) in 2008, its first set of results since it listed on the Saudi Stock Exchange (Tadawul).
Interact-Widget Twitter LinkedIn Facebook Twitter Apple Android Newsletters

Newsletter Sign-up

More sector and country newsletters

Subscribe to MEED to receive your choice of premium newsletters

Find out more
MEED+app+green+shade

The MEED app

Stay up-to-date with the latest news, analysis and special reports.


Free to subscribers, download the MEED app today.

Apple store;

Google Play store.

-->