MEED
Issue No 35 28 August - 3 September 2009
View all stories from this issue.
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Abu Dhabi and ConocoPhillips in talks for $10bn Shah gas field management deals
Firms in talks for $10bn Shah gas field management deals. Project will increase production at the site to 1 billion cubic feet a day -
Abu Dhabi enters talks over Habshan gas recovery project
State-owned gas operator Abu Dhabi Gas Industries Company (Gasco) is in talks with international engineering firms over a deal to design and manage a gas injection and carbon dioxide recovery project -
Abu Dhabi utility secures extension to loan term
Abu Dhabi Sewage Services Company has secured a two-month extension for an $85m bridging loan to build a wastewater treatment plant after banks failed to arrange $500m in long-term financing before the original loan expired in July. -
Adeeb al-Sowailim
A leading investment broker in the kingdom of Saudi Arabia -
Ahmed al-Khateeb
A leading investment broker in the kingdom of Saudi Arabia -
Ahmed Farid
A leading investment broker in the kingdom of Saudi Arabia -
Al-Futtaim plans Doha real estate development
Dubai-based developer seeks to expand its retail empire into Qatar despite the economic downturn -
Aluminium Bahrain to decide on production train by the end of the year
Plan would boost aluminium production capacity to 1.2 million tonnes a year -
Bad debts increase loan provisions in the Gulf
Gulf banks are setting aside additional funds to cope with the rising volume of non-performing loans -
Banking reform in Libya gathers momentum
Despite having $136bn in foreign currency reserves, Libya’s economic growth is being hampered by the underdevelopment of its banking sector. But the central bank is taking steps to address the issue -
Beshr Bakheet
A leading investment broker in the kingdom of Saudi Arabia -
Budget constraints delay progress in Libyan power sector
While Libyan leader Muammar Gaddafi is encouraging the privatisation of the country’s power sector, plans for a series of new plants are being hampered by a lack of funding -
Building a domestic skills base in Libya
Tripoli has embarked on the world’s largest university building programme to encourage the next generation of students to choose to study and work at home rather than overseas -
Doha seeks interest in railway station construction contract
Qatar is preparing to tender construction work on one of the five rail networks it plans to build over the next 10 years -
Downturn will benefit some Middle East firms
At first sight, investing in declining markets appears to be a bad move, but Al-Futtaim thinks otherwise. There are few real competitors, and an opportunity to grow market share. -
Emirates Steel to extend $700m loan for Mussafah steel plant
Abu Dhabi’s Emirates Steel Industries is hoping to confirm by the start of September a nine-month extension to the $700m bridging loan it is using to fund the expansion of its Mussafah steel plant -
Fahad Almubarak
A leading investment broker in the kingdom of Saudi Arabia -
Kuwait can afford to stall oil projects
Nationalist politicians want, rightly, to guard the country’s enormous natural wealth -
Libya plans network of 25 universities
In 2007, Libya’s Organisation for the Development of Administrative Centres (Odac) announced its intention to issue tenders to build a network of 25 new or enlarged universities across the country -
Libya returning to the international fold
Tripoli’s reaction to the release of the man convicted of the 1988 Lockerbie bombing may cause a temporary disruption in its rapprochement with the West. But slow progress on reform is the biggest stumbling block. -
Mohammad al-Mojil Group
The Saudi contractor has benefited from its close relationship with Saudi Aramco and Sabic. -
Mohammad al-Mojil Group: MEED Assessment
The company is a successful local contractor with strong relationships with major international construction and engineering firms -
Oil majors lose faith in Kuwaiti projects
Firms expect no deals in Kuwait this year because of infighting over the development of the sector -
Oil majors reassess their positions in Libya
National Oil Corporation chairman Shokri Ghanem speaks to MEED about the impact on Libya’s oil and gas sector of low oil prices and disappointing discoveries -
Oil majors reassess their positions in Libya
National Oil Corporation chairman Shokri Ghanem speaks to MEED about the impact on Libya’s oil and gas sector of low oil prices and disappointing discoveries -
Omar Jaroudi
A leading investment broker in the kingdom of Saudi Arabia -
Qatar Petroleum tenders Ras Laffan offices
State-run oil company Qatar Petroleum (QP) is inviting selected contractors to bid by 4 October for a contract to build an office complex at Ras Laffan -
Rising oil price sustains spending in the Gulf
Confidence returns to Gulf states as the recovery in the global energy markets boosts revenues -
Rising oil price will sustain Gulf
Government budgets are back in the black, and this will enable them to adopt expansionary policies -
Riyadh and Kuwait expand Divided Zone oil facilities
Joint venture invites contractors to prequalify for bidding on onshore processing upgrade by 28 September -
Riyadh invites bids for holy cities railway
Saudi rail regulator asks prequalified contractors to prepare plans for $1.4bn Mecca-Medina scheme -
Saudi Arabia investment houses
The six leading investment brokers in the kingdom are: Fahad Almubarak, Ahmed al-Khateeb, Beshr Bakheet, Ahmed Farid, Omar Jaroudi and Adeeb al-Sowailim -
Special Report: Libya - Reforming the economy
Tripoli’s ambitious programme to rebuild and expand power and desalination plants, airports, roads and houses has fallen far short of its goals, with project deadlines missed because of the country’s bureaucracy -
Tripoli makes up for lost time in construction sector
A series of multi-billion-dollar infrastructure schemes are under way after years of underinvestment, offering a host of opportunities for international firms that are prepared to put up with the red tape -
Tripoli needs Western help
The state has been pushing for improved relations with the West since the UN Security Council voted to end sanctions in 2003 -
Tripoli opening up to the private sector
With an ambitious target of increasing its desalination capacity tenfold by 2015, Tripoli is planning to involve private companies in developing its water projects for the first time -
Tripoli opening up to the private sector
With an ambitious target of increasing its desalination capacity tenfold by 2015, Tripoli is planning to involve private companies in developing its water projects for the first time -
Tunis must put power project delays in the past
North Africa could prove a popular choice with firms that have traditionally focused on the Gulf -
Tunis sets January deadline for Bizerte power plant bids
The country’s second independent power project is due to come on line by 2014
