MEED
Issue No 47 20-26 November 2009
View all stories from this issue.
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A new breed of Islamic bank in the region
The launch of a series of institutions with government backing is helping to modernise the Islamic banking sector in the Gulf -
Abu Dhabi oil firm extends headquarters tender
Commercial bids are now due in late December -
Adnoc is setting pace for region
Adnoc could cement its new-found reputation as one of the region’s most agile national oil companies -
Agencies maintain cautious stance over regional banks
One year on from when the global financial crisis began to have an impact in the Middle East, the three major credit ratings agencies are yet to improve their assessment of the region’s banks -
Al-Meer wins $90m technical services deal in Kuwait
Firm to provide preventative maintenance at oil and gas facilities -
Aramco and Dow to invite Ras Tanura dredging bids
Firms to submit prices for construction deal on $20bn oil and petrochemicals refinery -
Barwa invites contractors to express interest in city deal
Qatari real estate developer to issue tender documents by end of November -
Barzan appoints bank to raise $8bn
Qatar Petroleum and ExxonMobil will seek project finance for North field gas development in 2010 -
Barzan offers welcome boost for contractors seeking deals in Qatar
Contract-hungry firms that fail to win the Barzan job could face a long wait before new gas schemes from the North field are tendered -
Contractors submit bids for Al-Jalila hospital
Winning company to build 200-bed clinic close to Dubai Creek -
Contractors submit bids for Dubai reservoir
Indian firm bids low for Dewa contract -
Desertec solar power plan should benefit North Africa
The Desertec initiative opens up new possibilities for trade between North African states and Europe. Desertec will set a precedent for international energy co-operation. -
Dodsal frontrunner on Asab pipeline deal
Contract covers construction of pipeline linking Gasco facilities -
Dubai asks contractors to fund schemes
Transport authority seeks alternative financing arrangements for rail projects, including the metro -
Dubai must finish building metro
Dubai’s financial position continues to be of concern and agencies are seeking fresh sources of funding -
Finance houses struggle to meet central bank loan target
Loans still outweigh deposits despite central bank warning on bad debt -
Financial crisis hits investors' appetite
Private equity investment in the Gulf has slowed significantly this year as the global financial crisis cuts banks’ liquidity and reduces confidence in the region’s economies -
Firms prepare to submit prices for Cleveland Clinic in December
Hospital will be built on Abu Dhabi’s Sowwah Island -
Firms vie for consultancy role to upgrade electricity grid
Winning bidder will undertake feasibility study and define scale of scheme -
First Energy to cut stake in Saudi silicon plant
Bank in talks with potential investors over financing of 7,500-tonne-a-year polysilicon facility -
First Gulf Bank bond issue receives more than $1bn of orders
Demand strong for Abu Dhabi bank bond -
Ghanim bin Saad al-Saad
A key person in charge of Qatar’s largest construction projects -
Hesham Ismail Abdulrahman al-Emadi
A key person in charge of Qatar’s largest construction projects -
Islamic banks will fill finance gap
The new generation of Islamic institutions can finance projects where conventional banks cannot -
Khalil Sholy
A key figure in charge of Qatar’s largest construction projects -
Kuwait extends bids for port at Bubiyan Island
Ministry requests prices from firms by 22 December -
Kuwaiti and Egyptian joint venture secures $1.1bn hospital deal
Clinic is one of the largest construction projects in the emirate -
Kuwaiti banks on the long road to recovery
Kuwait’s banking sector is expected to take more time to bounce back from the downturn than those of other countries in the region -
Qatar major projects
The six key people in charge of Qatar’s largest construction projects are: Issa Mohammed al-Mohannadi, Khalil Sholy, Sheikha Hanadi Nasser bin Khaled al-Thani, Ronald Barrott, Ghanim bin Saad al-Saad and Hesham Ismail Abdulrahman al-Emadi -
Ronald Barrott
A key person in charge of Qatar’s largest construction projects -
SaudConsult in dual role with rival firms
Saudi contractor forms joint venture with Technip and team of SNC Lavalin and Jacobs Engineering -
Sheikha Hanadi Nasser bin Khaled al-Thani
A key person in charge of Qatar’s largest construction projects -
South Koreans bid low for Ruwais deals
Daewoo Corporation and GS Engineering & Construction are tipped to win final construction deals -
Special Report: Banking - State-backed institutions in demand
After years of strong asset growth, the onset of the credit crunch late last year hit Gulf banks hard. Stock markets plummeted and the real estate bubble burst, leaving many investors and customers in trouble. -
Taking the initiative on regional solar power
An ambitious project in the Sahara desert is at the forefront of a series of regional renewable energy schemes -
Technip-Chiyoda team bids low for $1.2bn Qatargas deal
Winning bidder to help maintain liquefied gas output -
Two firms compete for retendered Saudi Kayan plastics deal
Petrochemicals firm asks China Technical Consultants and Daelim to revise prices -
World Bank in talks for further Syrian projects
Talks follow an appointment on country’s first independent power project
