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Oman News and Analysis

Power projects

Oman seeks adviser for power generation programmeSubscription

Appointed firm will assist with competitive tendering process

Petrochemicals plant

Liwa Plastics looks for February financing closeSubscription

Orpic escapes liquidity squeeze

Power plant

Oman seeks consultants for Ibri-Sohar IPPSubscription

Firms have been invited to submit proposals for supervisory role

Dubai International airport

Major GCC airports post record passenger growth Subscription

Airports report double-digit increases in 2015

Oil rig

Six Opec members agree to emergency meeting, says VenezuelaSubscription

Two non-member states have also agreed to attend meeting if it is called

Nizwa in Oman

Oman prequalifies for museum construction workSubscription

Cultural landmark will be built using locally sourced materials

Oman money

Oman announces further debt issuanceSubscription

Muscat to tap domestic market again

Onshore oil

GE Oil & Gas awarded Oman contractSubscription

US company to supply pump equipment to Petroleum Development Oman

Railway track

Oman seeks consultancies for second rail segmentSubscription

Two separate tenders floated for land and properties inventory and land acquisition

Electricity transmission

Oman appoints consultancies for electricity spot marketSubscription

Technical and legal consultants have been hired

Oman receives bids for independent water projects

Oman receives prequalification entries for IWPsSubscription

Independent water projects (IWPs) will have a combined capacity of more than 40MIGD

Saudi Arabia currency

GCC to defend currency pegsSubscription

GCC states have adequate reserves to maintain pegs for years

Oman to invest $3bn on wastewater network

Oman to invest $3.1bn on wastewater projects up to 2022Subscription

Haya Water working on major projects throughout the sultanate

Oman to issue sovereign sukuk

PPP model offers solutions for Oman’s real estate marketSubscription

Subsidy cuts and economic reforms come as the government looks at ways to limit public spending amid falling oil prices

Abu Dhabi capital city of the UAE

GCC edges closer to finalising VAT lawsSubscription

The planned tax can be introduced as soon as any two of the GCC members are ready to implement it

Oman money

Oman raises $1bn from sovereign loanSubscription

Loan will finance part of budget deficit

Saudi Arabia bank profits

Bank profits hold up under deposit strainSubscription

GCC banking results begin to show falling liquidity

Telecoms

Omantel markets Islamic bondSubscription

Oman’s second corporate sukuk goes ahead

While other Arab nations adopt firm stances on regional politics, Muscat is content to straddle the fence

Oman announces new fuel pricesSubscription

Falling oil revenues prompt subsidy cuts

Saudi currency

Saudi Arabia quashes currency speculationSubscription

Peg to be maintained at current levels

Coal-fired power station

Massive project finance pipeline for 2016Subscription

Project finance in 2016 shows potential, but banks may hold back

Oil rig

Board Report: February 2016Subscription

Region begins economic overhaul in response to low oil prices

The IMF estimates that on average, the richest 20 per cent of a nation benefits six times more from subsidies than the poorest 20 per cent

Cut subsidies and increase efficiencySubscription

Cheaper crude has convinced many regional governments to reform energy subsidies, a vital step towards changing the region’s wasteful habits    

Youth bulge

Harnessing the youth bulgeSubscription

The increasing proportion of young people in the region means governments can achieve rapid economic growth through prudent job creation

Saudi petrochemicals project shelved

Saudi petrochemicals hit by feedstock increasesSubscription

Ethane prices more than double as kingdom cuts subsidies on gas prices

Nakheel: Palm Jumeirah

GCC contract awards to fall in 2016Subscription

A sharp decline of 15 per cent is forecast for contract awards in the region, although a series of major contract awards in Dubai provides some cause for optimism

majeed karim

Energy trading in GCC moves step closerVideoSubscription

The GCC wants to extend its electricity grid to be able to export and import energy beyond the bloc

Qatar seeks further prices from Facility D independent water and power plant bidders

Acwa Power gains further ground in GCC developer rankingsSubscription

UK/French Engie retains the number one spot in MEED’s 2015 GCC developer ranking

Oman port

Falling liquidity to push up cost of PPPsSubscription

Sound projects will find financing, but on less favourable terms