MEED
Issue No 23 5 - 11 June 2009
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Abu Dhabi wastewater plant secures $500m loan
The long-term financing for Abu Dhabi's $500m second wastewater treatment plant will be finalised by late June with banks now completing internal approvals, bankers close to the project tell MEED. -
Alafco
Kuwait’s Aviation Lease & Finance Company has built up a customer base across the globe. -
Alafco: MEED Assessment
The Kuwaiti company is capital-rich and has strong local connections to cultivate private and institutional investment -
Al-Rayadah outlines plans for Riyadh finance zone
Al-Rayadah tenders major infrastructure contracts for multi-billion-dollar King Abdullah Financial District. -
Baghdad increases competition for Nahr Bin Umar oil field
The Iraqi Oil Ministry is in talks with a third bidder to develop the giant Nahr Bin Umar oil field, after receiving preliminary technical offers from Norway's StatoilHydro, and a consortium of France's Total and the US' Chevron Corporation. -
Baghdad is right to issue bonds
The government has defeated insurgents, with this borrowing programme it can maintain peace. -
Baghdad prepares $3bn bond issue to rebuild infrastructure
Public spending will focus on power, transport and infrastructure schemes. -
Bahrain Islamic bankers
Six key bankers working in Bahrain's Islamic banking sector: Mohamed Hussain, Atif Abdulmalik, Yousif Abdulla Taqi, Esam Janahi, Faisal Mansoor al-Alwan and Mohammed Ebrahim Mohammed. -
Chevron trials heavy oil recovery in Gulf neutral zone
The US' Chevron Corporation will launch a $337m steam injection pilot scheme in a bid to boost heavy oil production at its concession in the neutral zone, between Kuwait and Saudi Arabia, in the second half of 2009. -
Driving up Omani oil and gas production
By pioneering the use of advances in oil recovery techniques and opening exploration of three new gas concessions, Oman is on course to raise production levels for the first time since 2001. -
French law firm in line to draft partnership legislation in Jordan
Jordan is finalising the appointment of a law firm that will draft legislation to govern all future public-private partnership schemes in the country.Jordan is finalising the appointment of a law firm that will draft legislation to govern all future public-private partnership schemes in the country. -
Gulf states should aim to stabilise property prices
As commodity prices drop, Gulf business fortunes are reversed. Stabilisation of real estate prices is vital to avoid sustained deflation. -
Linde seeks to win Gulf work without bids
German contractor Linde is in talks with several Gulf petrochemicals companies about bypassing costly bidding processes for contracts to design and build cracker units. -
LyondellBasell to retain its interests in Saudi Arabia
LyondellBasell is retaining its stakes in two major petrochemicals companies in the kingdom according to Just Jansz, technology president of the Dutch chemicals giant, quashing rumours it may abandon the ventures. -
Muscat trades on its location
As one of four Arab nations to have signed a free trade agreement with the US, Oman is seeking to exploit its reputation as a regional trans-shipment hub. -
Muscat trades on its location
As one of four Arab nations to have signed a free trade agreement with the US, Oman is seeking to exploit its reputation as a regional trans-shipment hub. -
Oman returning to the land
Oman is revitalising its food industry by offering tax incentives to fisheries and farmers, but its climate is proving challenging. -
Omani reserves fund future spending
With its neighbours showing signs of fatigue during the economic slowdown, Oman is continuing its public spending plans by running a small deficit in 2009. -
Omani reserves fund future spending
With its neighbours showing signs of fatigue during the economic slowdown, Oman is continuing its public spending plans by running a small deficit in 2009. -
Ras Tanura investment faces 12-month delay over design
Aramco and Dow put investment decision on hold until third quarter of 2010. -
Riyadh has to act on water scheme
The utility has waited for more than a year for the Finance Ministry to approve credit support. -
Riyadh reviews wastewater sell-off
State-run utility considers alternative procurement options for new wastewater plants in the capital. -
Shuweihat 2 to secure $1bn financing
Independent water and power project nears financial close as banks commit to funding scheme. -
Sohar can buck the slowdown
Despite the global financial downturn, the Omani port town of Sohar is taking on ambitious projects and continuing to grow. -
Sohar grows its economic zone
Despite the global economic slowdown, the special economic zone surrounding the Port of Sohar is proving a highly popular location for downstream industry. -
Special Report: Oman - Muscat boosts non-GCC trade links
In a year when Saudi Arabia and the UAE have been investing in agricultural land in Africa and Asia to meet their food needs, Oman is concentrating on the development of its own agriculture industry for both its domestic needs and to earn revenues from exports. -
Tehran cuts through investment red tape
Iran is changing investment rules to attract overseas buyers to its stock market, reducing the time they are required to hold investments and relaxing boardroom restrictions. -
Tehran must woo foreign investors
The Iranian government is likely to relax foreign investment restrictions, benefiting trade and relations. -
The rising risks of falling prices in the Gulf
After years of inflation, deflation now threatens profit margins for GCC firms and could delay recovery. -
The rising risks of falling prices in the Gulf
After years of inflation, deflation now threatens profit margins for GCC firms and could delay recovery. -
Total and Chevron stall on Iraqi licensing bid
Oil majors still considering whether to bid in Iraq's first oil round in light of financing requirements. -
Turkish contractor in line for King Khaled hospital award
Turkey’s Baytur Construction & Contracting Company is the front runner for the estimated SR3bn ($800m) contract to build a teaching hospital at King Khaled University at Abha. -
US Navy to expand military presence at Mina Salman
The US' largest overseas-based fleet will take over the former commercial port. -
Value of Gulf contracts spiral down
Saudi Arabia is the only market to buck the trend as the Gulf construction sector is hit by slowdown.
