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Latest News

Oil rig

BG Egypt upgrades gas infrastructure Subscription

31 August 2014 | By

West Delta Deep Marine control system upgraded as wells are brought online

Oil pipeline valves

Kuwait signs $2bn supply deal with Petron Subscription

31 August 2014 | By

Kuwait Petroleum Corporation will supply Petron with 65,000 barrels of Kuwaiti crude a day in 2015

Egypt fuel subsidy cuts not enough to increase credit rating

Egypt’s unemployment rate forecast to decline Subscription

31 August 2014 | By

Proportion of unemployed could fall to 12.2 per cent next year

Dubai Mall

Emaar to list 15 per cent of mall group Subscription

31 August 2014 | By

Developer confirms planned initial public offering

Refinery

Companies prepare Dubai propane storage bids Subscription

31 August 2014 | By

Dubai National Gas company to build pressurised storage facility in UAE

Desalination plant

Saudi Arabia extends bid deadline for desalination plants Subscription

28 August 2014 | By

Three plants will have a capacity of 2 million imperial gallons a day

The planned Al-Wakrah stadium in Doha

Doha tenders World Cup stadium Subscription

28 August 2014 | By

At least nine groups are prequalified to bid for Doha’s Al-Wakrah stadium

Port

DP World revises spending plans Subscription

28 August 2014 | By

Dubai port operator forecasts even stronger second half profits

Nakheel Mall site and Al-Ittihad Park on Palm Jumeirah

Trojan wins Palm Jumeirah construction contract Subscription

28 August 2014 | By

Nakheel appoints contractor to build residential block

Container traffic

DP World’s profits rise on back of container traffic growth Subscription

28 August 2014 | By

Operator will add 8 million TEUs of capacity in next two years

Britain's ambassador to Libya, Michael Aron

UN cracks down on Libya fighting Subscription

28 August 2014 | By

Security Council unanimously approves sanctions for entities and individuals involved in violence

Water supply tunnel

Lebanon evaluating bids for Greater Beirut Water Supply package Subscription

28 August 2014 | Updated: 28 August 2014 | By

Contract will involve building main tunnel for water scheme

The planned Al-Wasl Plaza of Expo 2020

HOK and Arup win more Dubai Expo masterplanning Subscription

27 August 2014 | By

Consortium worked on the concept for the bid in 2013

RWE Dea Drilling rig in Disouq Egyptian Nile Delta

RWE Dea starts Egypt gas production Subscription

27 August 2014 | By

Company sees oil and gas output lifted by more than 50 per cent as new facility comes online

Kuwait University in Kuwait

Kuwait University tenders building work Subscription

27 August 2014 | By

Kuwait University contract covers building and operation work

London skyline

Iran pushes back London launch of new oil contracts Subscription

27 August 2014 | By

London event delayed until February 2015, says government official

Tunisia

Circle Oil hits functioning oil and gas environment in Tunisia Subscription

27 August 2014 | By

Explorer says results point to a potential find of 100 million barrels of oil

Kuwait City

Global Finance House signs murabaha financing Subscription

27 August 2014 | By

Bahraini bank to also list sukuk in coming months

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Latest Analysis

Dubai investment

Foreign investors buy into Dubai’s vision Subscription

28 August 2014 | By

Projects in the emirate are moving forward with foreign funding

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

Russia looks to the Middle East Subscription

21 August 2014 | By

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

Nuclear

Sanctions to stunt Russia's nuclear industry Subscription

21 August 2014 | By

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

Oil

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

21 August 2014 | By

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

Pipes

Technology sanctions set to delay unconventional oil projects in Russia Subscription

21 August 2014 | By

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

Power

Saudi Electricity Company awards $2.9bn of contracts Subscription

21 August 2014 | By

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

See all MEED analysis

Special Reports

Smart cities

Smart cities: Raising the quality of life

24 August 2014

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

Russia

Sanctions to dent Russia's economy

21 August 2014 | By

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

Morocco's King Mohammed VI

Morocco: Subsidy reform leading the region

20 August 2014

Subsidy controls implemented by King Mohammed VI and the government have yielded results

Whatever Al-Maliki’s role in the spread of Isis, it soon became clear that he was unable to counter the military threat

Uniting against a common enemy

14 August 2014 | By

Nouri al-Maliki’s position became untenable as allies lost patience with reaction to Islamist advance

See all special reports

Russia reaches out

Russia

Sanctions to dent Russia's economy

21 August 2014 | By

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

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Gulf Projects Index

Gulf Projects Index

Gulf Index sees its worst week in nearly two years Subscription

27 August 2014 | By

All markets declined apart from those of Qatar and Saudi Arabia

Projects Market Tracker

Country Data

Real GDP growth (annual change as a percentage) by country. Click the country name to go to full economic data.

Country 2012 2013f 2014f

Algeria

2.5 3.3 3.4

Bahrain

3.9 4.2 3.3
Egypt 2.2 2 3.3
Iran -1.9 -1.3 1.1
Iraq 8.4 9 8.4
Jordan 2.8 3.3 3.5
Kuwait 5.1 1.1 3.1
Lebanon 1.5 2 4
Libya 104.5 20.2 10.1
Morocco 3 4.5 4.8
Oman 5 4.2 3.5
Qatar 6.6 5.2 5
Saudi Arabia 6.8 4.4 4.2
Sudan -4.4 1.2 2.6
Syria na na na
Tunisia 3.6 4 4.5
UAE 3.9 3.1 3.6
Yemen 0.1 4.4 5.4
f=forecast; na=Not Available; Source: IMF
Last updated: June 2013

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