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News and Analysis

Latest News & Analysis

Qatar must diversify projects pipeline

Qatar considers Olympic bidSubscription

10 February, 2016 5:34 am By

Sporting facilities would already be in place

Kuwait’s rapid progress on the New Refinery Project over recent weeks has come at a crucial time for the oil sector

Kuwait Petroleum Company to sell loss-making assetsSubscription

10 February, 2016 9:00 am By

The sell-off is part of a range of measures designed to lower spending

Iraq oil

Iraq oil contracts 'need to be changed significantly'Subscription

10 February, 2016 3:38 am By

Adviser to Iraq’s parliament says existing deals with international oil companies should be reviewed

Airport control tower

Jizan airport construction stallsSubscription

10 February, 2016 8:06 am By

Selected location holds potential for oil and gas exploration

Mall of the World from Sheikh Zayed Road

Dubai to go ahead with $22bn Mall of the World developmentSubscription

10 February, 2016 8:19 am By

Emirate to press ahead with mega project despite slowing economy and weaker investors and consumer sentiment

Petrochemicals

Kuwait signals it will go ahead with multibillion-dollar petrochemical facilitySubscription

10 February, 2016 12:03 pm By

State oil company says it is setting up a company to manage refinery integration

The local Nakheel has received bids for a contract to build the Gateway towers project at the base of Dubai’s Palm Jumeirah

Dubai pushes ahead while others struggleSubscription

10 February, 2016 4:51 am By

The emirate has moved ahead on its projects plans so far this year, with developers confident in the market’s long-term prospects

Dubai's Museum of the Future

Tender expected for Dubai museumSubscription

10 February, 2016 5:14 am By

Museum of the Future will be built using cutting edge technologies

Crude oil prices

Kuwait expects a budget deficit of $40bnSubscription

10 February, 2016 12:00 pm By

Estimate is based on an average oil price of $25 a barrel

Petrochemical plant

Equate looks to refinanceSubscription

10 February, 2016 6:33 am By

Original loan funded acquisition

Train station in Iran

Vinci eyes train station projects in IranSubscription

10 February, 2016 6:40 am By

Overseas expansion to offset weak home construction sector

Amec Foster Wheeler eyes Iraqi Kurdistan

Genel to restart drilling for oil in Iraqi KurdistanSubscription

10 February, 2016 6:35 am By

The Turkey-based company has not drilled in the region for more than a year

Region takes giant strides in architecture and design

Architects not worried about low oil pricesSubscription

10 February, 2016 8:12 am By

Architects at the World Architecture Festival say low oil prices unlikely to shake the industry

Kuwait

Kuwait 2016-17 budget deficit to widen Subscription

10 February, 2016 9:02 am By

 $25-a-barrel oil forecast to trigger $40bn deficit

Metro

Doha Metro achieves tunnelling milestoneSubscription

10 February, 2016 12:00 pm By

Tunneling works for phase 1 to be completed in 2016

Water pipes

Saudi Arabia completes 2025 water strategySubscription

9 February, 2016 9:51 am By

Work on strategy first started in 2004

Car factory

General Motors halts Egypt operationsSubscription

9 February, 2016 12:17 pm By

Import industries have been under pressure in Egypt since 2011

UAE retail operator faces third loss in three quarters

Dubai economy shows vulnerability Subscription

9 February, 2016 8:58 am By

Falling oil prices and global uncertainty activated brakes on new business growth

Power plant

Saudi Arabia’s power sector will require $133bn investmentSubscription

9 February, 2016 8:49 am By

Peak power demand increased by 10.2 per cent in 2015

Al-Zadjali: Omani banks capitalised above Basel III

Oman considers EurobondSubscription

9 February, 2016 8:54 am By

Muscat to borrow up to $10bn

UAE banks continue growth

GCC banks hike provisioningSubscription

9 February, 2016 9:25 am By

Problem loans steady in 2015

Gas plant

Petroceltic gets more timeSubscription

9 February, 2016 6:29 am By

Activist shareholder considers takeover

Sheikh Mohammed bin Rashid al-Maktoum

UAE restructures federal governmentSubscription

9 February, 2016 6:38 am By

Shake-up involves merging ministries

Comment

Colin Foreman

More fun and games as Doha considers Olympic bidSubscription

10 February, 2016 By

Qatar needs a new focus for after the 2022 World Cup

Hossam Abougabal

If General Motors can’t do business in Egypt, who can?Subscription

10 February, 2016 By

Import-dependent industries continue to suffer at the hands of Egypt’s currency crisis

Sarmad Khan

Going gets tougher for Saudi Binladin GroupSubscription

10 February, 2016 By

Riyadh’s ordering Saudi Binladin Group (SBG) to stop work on Prophet’s Mosque in Medina in the final days of 2015 was a clear sign that this will be a tough year for Saudi Arabia’s largest construction company. Less than two months later, it seems the year is going to be even tougher.The Ministry of Finance didn’t give reasons why it has asked the largest contractor in the kingdom by turnover to cease work on Islam’s second holiest site. SBG has the expertise, resources ...

Philippa Wilkinson

Focus on problem loansSubscription

9 February, 2016 By

A difficult 2016 will show which banks and borrowers can balance their books

Andrew Roscoe

Riyadh targets improved efficiencySubscription

9 February, 2016 By

The Saudi government wants to reduce waste and so save costs

Mark Watts

Abu Dhabi opts for quick fix on gas importsSubscription

8 February, 2016 By

Floating LNG terminal will plug the gap as delays hit larger project in Fujairah

Colin Foreman

It is always a good time to launch tall towersSubscription

7 February, 2016 By

Market conditions inevitably change during the construction of long term projects

Richard Thompson new

Project finance key to 2016 successSubscription

4 February, 2016 By

Low oil prices are creating opportunities for private finance but collaboration is needed to overcome challenges      

Philippa Wilkinson

The challenges of population growthVideoSubscription

2 February, 2016 By

Reform and investment is needed for the region to take advantage of demographic trends

Jennifer Aguinaldo

GCC railway entering a precarious phase Subscription

2 February, 2016 By

Kuwait and Qatar have the opportunity to take the lead on the regional railway scheme

Setting the Agenda

Iraq oil exports hit record level

Iraq oil projects grind to halt amid Baghdad funding crisisSubscription

8 February, 2016 By

Budget problems and violence cast a shadow over future oil production in Iraq, but hope lies in foreign investment and exports


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Gulf Projects Index

Value of projects planned and under way, 29 January 2016

Post-sanctions Iran proves attractive for investorsSubscription

7 February, 2016 By

Gulf Projects Index inches upwards

Contract Awards Data

Jan 2015-Jan 2016 contract awards

Middle East contracts awarded: January 2016Subscription

4 February, 2016

Biggest awards by sector were made in construction, followed by power