MEED
Issue No 4 22-28 January 2009
View all stories from this issue.
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Abu Dhabi cancels Sharjah oil storage tender
Abu Dhabi energy giant wants to complete more work on detailled engineering design -
Abu Dhabi hydrogen power plant awaits conclusion of offtake talks
Partners want to tender construction deals by the end of the first quarter -
Abu Dhabi selects Fluor to manage transport projects
US firm to supervise development and construction of metro and rail system -
Abu Dhabi sets tougher challenge for property construction firms
Firms in Abu Dhabi will have to work harder to win contracts than they did in Dubai -
Abu Dhabi tenders Sowwah Island bridge
Contract incorporates redesign process to make project more efficient -
Ali Divandari
Ali Divandari is managing director, Bank Mellat -
Ali Soleimani Shayesteh
A Ali Soleimani Shayesteh is managing director, Parsian Bank -
Al-Kharafi wins $164m deal to build Kuwait airport facilities
Contract is part of an expansion to take airport capacity to 20 million -
Bidding on Ruwais plastics expansion to start in February
Third phase of development will cost more than $3bn -
Capital will flee towards Egypt
International banks seeking to deploy capital will increasingly look to emerging economies with potential outside the Gulf -
Contractors asked to express interest in Abu Dhabi airport terminal
Contract worth $6.8bn will be tendered later this year -
Contractors line up for Ras al-Zour power and water plant work
Saline Water Conversion Corporation shortlists 11 groups -
Contractors submit bids for Arzanah Medical Complex
Health centre is part of wider, mixed-use development -
Doha to outsource operation of wastewater network
Three international firms compete for feasibility study contract -
Drawing the poison
The Saad and Al-Gosaibi debt repayment affairs have had a toxic effect on bank lending in the kingdom and across the region -
Egypt to build private power plant north of Cairo
Independent power project will have capacity of 750MW -
EgyptAir seeks $290m loans to buy aircraft
Airline plans to appoint banks as mandated lead arrangers -
Emirates power policy must back green initiatives
As probably the world’s biggest per capita emitter of carbon dioxide, the UAE still has a long way to go -
Emirates Steel to approach banks for long-term loan in March
Abu Dhabi company needs to refinance $700m debt -
Four consortiums interested in Riyadh metro
Government will issue design and build tenders by the end of the first quarter -
Gulf airlines vie for market share
The increasing number of budget airlines operating in the Gulf has sparked a price war that has intensified during the downturn -
Hoteliers predict steady growth in Saudi Arabia
International hotel developers are tapping into the kingdom’s booming tourist trade, which continues to be buoyed by pilgrims, business travellers and economic growth -
Investors insure against risk of Emirates debt default
Investors plan to hedge positions because of economic volatility -
Iran Banking
The six leaders of the Iranian banking and finance community are: Mahmoud Bahmani, Mahmoud Reza Khavari, Mohammad Jahromi, Peyman Noori Brojerdi, Ali Divandari and Ali Soleimani Shayesteh -
John Buck cuts jobs as property market slows
Local real estate market performs poorly in 2009 -
Kuwait gives bidders more time to prepare Mina al-Ahmadi refinery prices
The refinery is located 45 kilometres from Kuwait City -
Mahmoud Reza Khavari
Mahmoud Reza Khavari is chairman, Bank Melli lran -
Masdar to launch carbon capture deal by year end
Deal is part of scheme to store carbon dioxide from Mussafah steel rolling mill -
Mohammad Jahromi
A key figure in the Iranian banking and finance community -
Mubadala prequalifies contractors for football stadium
Sports facility to be built in Capital City District -
Partners to make Shah sulphur transport decision in February
Decision is key to design of $10bn-plus project -
Peyman Noori Brojerdi
Peyman Noori Brojerdi is chairman, Bank Refah -
Q&A: Hassan Al-Fadala, Deputy CEO for Operations, Qatari Diar
Al-Fadala explains why the company has invested in Yemen and its plans elsewhere in the region -
Qatar receives bids for medical complex
Hamad Medical City to be built at Doha Asian Games site -
Qatargas to start talks over Ras Laffan gas deal
Contractors expect $1bn award in early February -
Qatari Diar
The government-backed real estate company has largely escaped the effects of the financial downturn -
Qatari Diar: MEED Assessment
The developer appears to be unbowed by the economic crisisand could have the good fortune to build during the ‘bust’ and sell in a future boom -
Riyadh spending to safeguard the future
In a bid to maintain its economic growth and diversify its economy, the kingdom is using its vast financial reserves to support an increasingly expansionist spending programme -
Saudi Aramco agrees financing terms for Jubail refinery
Deal expected to be one of biggest project financings of 2010 -
Saudi Electricity evaluates Rabigh 6 bids
Doosan Heavy Industries & Construction is low bidder for 2,800MW plant -
Saudi-US ties are crucial to peace
Saudi Arabia, as a long-standing ally, could play a critical role in helping Washington achieve it aims -
Seoul opens up a new Silk Road
South Korean firms won more than $71bn of contracts in the region last year. MEED charts their rise -
South Koreans rule - for now
The South Koreans’ contracting crown is now theirs to lose. Chinese firms are increasingly appearing on bid lists in the region -
Special Report: Saudi Arabia - Riyadh pushes peace talks
Riyadh is confident about its finances for 2010, having announced a 14 per cent rise in spending for the year ahead. It has allocated tens of billions of dollars to key sectors, including health, transport, telecoms and water -
Three firms prequalify to operate Sanaa and Aden airports
Malaysian, South Korean and French firms compete for contract -
Trade strengthens political alliance between Riyadh and Washington
Saudi Arabia’s long-standing relationship with the US has been fraught with differences in recent years, but strong economic ties are bolstering the fragile diplomatic alliance -
Two firms compete for Masdar headquarters deal
Building set to generate more energy than it consumes -
World Bank to decide on Amman-Zarqa railway in March
Construction could start in January 2011
