MEED
Issue No 9 26 February - 4 March 2010
View all stories from this issue.
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Abu Dhabi extends Shamkha South tender deadline
Four packages could be worth $2.4bn -
Abu Dhabi faces chemical crunch
The burden of Dubai’s debt crisis is putting the future of Abu Dhabi’s schemes in doubt -
Abu Dhabi has to cut its cloth economically
When oil was trading at above $100 a barrel, Abu Dhabi seemed to have money to burn. Today the emirate may have to pare back some of its plans -
Abu Dhabi tenders Louvre museum substructure
Twelve groups prequalify for design and build contract -
Air cargo - Flying in the face of the economic downturn
Despite the recent global slowdown in trade, Gulf airlines and airport operators are still investing for growth and have every expectation of a return to healthy air cargo volumes -
Airline investment soars in North Africa
With more than $3.8bn-worth of airport projects under way, the aviation industry in North Africa is undergoing a period of renewed growth. Rising visitor numbers are the driving force behind many of the projects under way in the Maghreb, particularly in Egypt and Morocco, which are popular tourist destinations. -
Aldar tenders Nareel Island marine works
Island is located close to Emirates Palace and the Intercontinental hotels in Abu Dhabi -
Al-Khafji plans to develop offshore Dorra gas field
Field is in disputed Divided Zone between Kuwait and Saudi Arabia -
Analysis: The Kuwaiti Economy
The decline in private investment in infrastructure has been offset by an upsurge in public spending -
Antiquities council to prequalify contractors for pyramids museum
Construction to start on $500m project in October -
Baghdad’s big oil opportunity
Gulf statessuch as Saudi Arabia, Kuwait and Abu Dhabi have been transformed by their oil revenues. Iraq should study its neighbours for what not to do as much as what to do -
Banks unlikely to finance Saudi Telecom
Local institutions request stronger guarantee -
Banks warn delays to Jubail allocation will hit Yanbu deal
Bankers yet to hold final financing allocations for Jubail refinery -
Bidding opens for Aqaba Industrial Terminal in Jordan
Package covers marine and offshore work -
Booz & Company tipped for Iraqi oil sector review deal
Consultant Booz & Company emerges as frontrunner to advise on long-term development of Iraq’s energy industry -
Central Bank of Bahrain urges lenders to make aggressive writedowns
Regulator working closely with banks during financial reporting period -
Colin Crookshank
Colin Crookshank is general manager, Saqr Port Authority, Ras al-Khaimah -
Contractors submit bids for Saadiyat apartments
Successful contractor to build seven towers on Saadiyat Island -
Desertec considers Morocco for first solar power project
Initiative aims to supply 15 per cent of Europe’s electricity needs by 2050 -
Desertec solar power plans still impress
Desertec’s ambitions are still impressive, despite the technological compromises -
Deutsche Bahn withdraws from consortium bidding for rail work
Saudi organisation to review technical and financial bids -
Doha extends closing date for port bids
Authorities plan to complete first phase of project in 2014 -
Gulf will lead air freight growth
As the region’s main transport hub, Dubai is the best gauge of the Middle East’s air cargo sector -
Jordan to award Aqaba phosphate terminal work in March
State mines company increases cost and length of contract -
Kuwait sets deadline for metro advisory bids
Project is worth $7bn in total -
Manama’s banks face a tough year
Gulf Finance House’s action to pay off its debts is something that other banks also need to consider -
Merger moves forward between Qatar Navigation and Qatar Shipping Company
Qatar’s Qatar Navigation and Qatar Shipping Company (Q-Ship) have agreed to an initial share swap proposal for their alliance, but details on final structure await shareholder approval -
Mohammed al-Shamsi
Mohammed al-Shamsi is vice-president, ports operations, ADPC -
Mumtalakat set to finalise $500m loan
Bahrain sovereign wealth fund leads talks with banks -
Nakilat holds talks with banks over $350m loan
Qatar Gas subsidiary considers appointing lead arrangers -
Oil prices: Caution is the watchword
Oil price conservatism is likely to remain a key theme of Middle East states’ budget calculations -
Oil prices: Caution is the watchword
Oil price conservatism is likely to remain a key theme of Middle East states’ budget calculations -
Oversupply hits Kuwait commercial property market
Global economic crisis results in lower office rentals in 2009 -
Peter Richards
Peter Richards is group managing director, Gulftainer Group -
Piracy holding shipping trade to ransom
The threat of piracy in the Gulf of Aden saddles the region’s shipping companies with increasing costs, longer routes and costly payoffs -
Potential investors interviewed for Sudair industrial city
Estimated investment at Saudi Arabian industrial zone totals $667m -
Preferred bidders to sign deals for Bahrain steel mill
Kobe Steel, Midrex and SMS Demag to provide engineering, procurement and construction services -
Qatar Petroleum receives bids for Lusail car parks
Deal covers construction of parking structures and temporary site offices -
QP to float Barzan gas recovery tender by June
Contractors await details of $1.7bn contract -
Rescuing Bahrain's Gulf Finance House
It has been a turbulent time for the Bahraini bank but new chief executive officer Ted Pretty is planning an aggressive programme of asset sales to transform the business and ensure its survival -
Roads: Making the right links
From Qatar’s $20bn road building programme to Kuwait’s $3.7bn Subiya Causeway and major ring road schemes, road building is enjoying a renewed focus in the region as governments concentrate on improving transport infrastructure. -
Roads: Making the right links
From Qatar’s $20bn road building programme to Kuwait’s $3.7bn Subiya Causeway and major ring road schemes, road building is enjoying a renewed focus in the region as governments concentrate on improving transport infrastructure. -
Saudi aluminium smelter lowers capacity of first phase amid fuel concerns
New capacity of Emirates Aluminium joint venture depends on fuel allocation from Saudi Oil Ministry -
Sheikh Khaled bin Abdullah al-Qasimi
Sheikh Khaled bin Abdullah al-Qasimi, chairman, Sharjah Seaports & Customs -
Special Report: Transport & logistics - Gulf invests in new roads network
The Gulf’s road building schemes may not enjoy the high profile of the region’s rail and airport investment programmes, but the trend for Gulf states to spend millions of dollars on new highways is a sign that they are taking the business of building a better basic infrastructure seriously. -
Sultan bin Sulayem
A leading figure in port operations in the Emirates -
Takreer sets technical bids deadline for Ruwais
Bids for lubricant oil refinery are due on 15 March -
Tamer Masoud
Tamer Masoud is harbour master, Port of Fujairah -
The Al-Ghanim family
Branches of the Al-Ghanim dynasty have expanded to become highly diversified businesses -
The Al-Ghanim family: MEED Assessment
Alghanim Group heavily dependent on Kuwaiti market -
UAE Port managers
Six of the leading figures in port operations in the Emirates are: Mohammed al-Shamsi, Peter Richards, Sultan bin Sulayem, Tamer Masoud, Sheikh Khaled bin Abdullah al-Qasimi and Colin Crookshank -
Worley Parsons to design Kuwait heavy oil facilities
KOC plans to produce crude from fields in the north of the emirate -
Yahsat awarded UAE’s third telecoms licence
Mubadala-owned company wins 10-year licence from regulator
