MEED
Issue No 49 4-10 December 2009
View all stories from this issue.
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Abdullah al-Suweilmy
Abdullah al-Suweilmy is chief executive officer, Tadawul -
Abu Dhabi prepares to issue tender documents for Saadiyat apartments
Residential project is the latest to be tendered on the $27.2bn island project -
Abu Dhabi to award Sharjah fuel storage deal
Winning contractor to build fuel storage facilities at Hamriyah -
Abu Dhabi to tender airport construction deal
Winning bidder to complete excavation work -
Adco awards $1.5bn onshore oil and gas deals
National Petroleum Construction to build production facilities in Abu Dhabi -
Adma-Opco launches revamp of offshore infrastructure
Oil company to invite bids for project management consultancy contract -
Adnoc postpones Shah pipeline decision
Joint venture to announce in March 2010 whether a pipeline or railway will be built to transport sulphur -
Ajman plans for recovery
The northern emirate is seeking to restore long-term confidence in its property market after the devastating impact of the downturn in Dubai -
Andre Went
Andre Went is chief executive officer, Qatar Exchange -
Aramco refines its energy pricing policy
The state energy giant’s decision to drop its long-standing US pricing benchmark could herald a wider change in oil pricing both in the Middle East and on Asian exchanges -
Barka 3 bidders seek further extension
Muscat agrees to delay bid deadline on Sohar 2 and Barka 3 independent power projects by just one day -
Bids in for Abu Dhabi's Cleveland Clinic
Three firms tender for project management services on $1.4bn hospital -
Burgan field set for pressure increase
Kuwait Oil Company plans water injection scheme to maintain production levels at the giant reservoir -
Capital City to host university campus
Aldar Properties in line for management contract for Khalifa University of Science, Technology & Research -
Consortium submits bid for Qatar-Bahrain bridge work
Qatari Diar Real Estate Investment Company group to build $4bn causeway in 2010 -
Contractors line up for Yanbu solids handling package
Ten firms bid for $450m Saudi Aramco refinery work -
Contractors submit bids for Al-Raha Beach Hotel extension
Resort to be built on highway between Dubai and Abu Dhabi -
Cost of insuring against debt defaults by Gulf states falls
Dubai prices remain high as market factors in strengths of different GCC states -
Debt brings Dubai to a standstill
Dubai World’s request to suspend its repayments has spooked investors and threatens recovery -
Delays will not benefit Abu Dhabi National Oil Company
If it is to avoid marring an otherwise excellent year, Adnoc must show some leadership. Either of the Shah schemes could be made to work -
Developers line up for Yemeni private power scheme
Sanaa plans three pilot plants with combined capacity of 375MW -
Dewa appoints banks to arrange $2bn bond issue
Electricity authority to seek finance in early 2010 -
Doubts over Dubai World’s debts push up bond costs
Investors adopt more cautious view of bonds without explicit state guarantees -
Drake & Scull International
The Dubai-based contractor is planning to expand its capabilities through a series of acquisitions -
Drake & Scull International: MEED Assessment
Good timing has helped the company progress with acquisitions and its IPO, and it is set for continued growth -
Dubai must act over debt
Dubai’s reputation in the global financial markets has been trashed. The best thing Dubai can do now is to get its restructuring done quickly -
Emirates face economic reality check
The financial downturn in Dubai has dashed the northern emirates’ dreams of growth and forced them to rethink their economic ambitions -
Enec asks bidders to revise prices for nuclear plant
South Korean consortium submits lowest bid for UAE’s first nuclear facility -
Fouad Rahman Rashid
Fouad Rahman Rashid, Bahrain Stock Exchange -
French and Japanese front runners on Qatar gas deal
Technip and JGC Corporation bid for $1.2bn liquefied natural gas work -
Fuel shortage cuts electricity supply in northern emirates
A lack of gas to fuel power plants has left the northern emirates struggling to generate all the electricity they need, which is hampering business and damaging their growth prospects -
Gulf capital markets
Six of the key people involved in developing the region’s stock markets: Saleh al-Falah, Tom Healy, Fouad Rahman Rashid, Jeff Singer, Abdullah al-Suweilmy and Andre Went -
Iraq to award Zubair and West Qurna oil deals
Cabinet resolves technical issues affecting approval of contracts -
Kuwait approves Shuwaikh Port package
KGL will manufacture, supply and install cranes -
Kuwait plans seawater injection retender
State oil company changes scheme to lower costs -
Oil buyers can force change in the region
More Gulf states are expected to follow Saudi Arabia’s switch to the Argus sour crude benchmark -
Oman extends Sohar airport infrastructure contract
New terminal will be built as part of third phase of Sohar airport expansion -
Political impasse in Kuwait constricts gas flow
Kuwait has become the first country in the Gulf to import liquefied natural gas as slow decision-making restricts development of its own reserves -
Q&A: Khaldoun Tabari, CEO, Drake & Scull International
Tabari outlines planned acquisitions and how the downturn has affected the company -
Saleh al-Falah
Saleh al-Falah is director general, Kuwait Stock Exchange -
Sharjah expands logistics operations
The emirate is investing in port infrastructure and building a series of inland ‘logistics cities’ to help it achieve its aim of becoming the distribution hub for the northern emirates -
Sharjah right to invest in transport and logisitics
As the northern emirates develop, so the need for transport and logistics services will grow -
South Korean bid deserves to win Abu Dhabi nuclear power deal
The Koreans have offered the lowest price, but Seoul does not wield the influence of Paris or Washington -
Special Report: UAE - Dubai's woes hit northern emirates
Until the northern emirates have a reliable infrastructure, their economic fortunes will rise and fall with those of their powerful neighbour Dubai – something they are understandably keen to change. -
State considers oil price benchmark switch
Kuwait Petroleum Corporation could follow Saudi Aramco in abandoning West Texas Intermediate pricing -
State energy firm drops plans to use foreign oil majors
Kuwait Oil Company will hire contractors to develop northern fields -
Technip bids low for Dukhan and Mesaieed upgrade deal
Winning firm to carry out construction work on $1bn Qatar Petroleum project -
Tom Healy
Tom Healy is chief executive officer, Abu Dhabi Securities Exchange
