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Infrastructure

Infrastructure's $270bn funding gap requires alternative financingSubscription

Public-private partnerships, government borrowing and private sector participation likely to increase to fill funding gap 

Metro

Doha Metro achieves tunnelling milestoneSubscription

Tunneling works for phase 1 to be completed in 2016

Qatar must diversify projects pipeline

Qatar considers Olympic bidSubscription

Sporting facilities would already be in place

Qatar Petroleum president and CEO Saad Sherida al-Kaabi

Qatar Petroleum invests in Moroccan oil explorationSubscription

Firm buys Chevron stake in offshore assets

Dubai International airport

Major GCC airports post record passenger growth Subscription

Airports report double-digit increases in 2015

Venezuela’s Minister of Petroleum Eulogio del Pino

Venezuela to push Gulf states for oil production cutsSubscription

Venezuelan oil minister Del Pino is expected to push for an agreement on cutting production

Moody’s upgrades Qatar bank

Qatari banks face slumping profits in 2016Subscription

Ratings agency S&P says deposit growth to slow down markedly amid fall in liquidity

Al-Rayyan Stadium (expansion)

Contractors submit Qatar stadium bidsSubscription

Two stadium construction deals were awarded in 2015

On 1 September, a water salute welcomed an Airbus A380 owned by Dubai’s Emirates airline, as it made its inaugural landing at Orlando International airport in the US

Dispute between US and Gulf carriers takes new turnSubscription

Decline in bookings from key US cities to the region limited only to US carriers, says Dubai’s Emirates airline

Doha

Qatar cuts jobs across multiple sectorsSubscription

Qatar Railways Company among companies laying off employees

Qatar's Emir Sheikh Tamim bin Hamad al-Thani

Qatar restructures its cabinetSubscription

Sheikh Mohammed bin Abdulrahman al-Thani appointed foreign minister

Fertiliser production facility

Qafco awards turbine technology contractSubscription

GE Oil & Gas will provide combustion system for Qatar fertiliser producer 

Saudi Arabia currency

GCC to defend currency pegsSubscription

GCC states have adequate reserves to maintain pegs for years

Qatar Airways refutes subsidy claims

Qatar Airways looks to new markets for growthSubscription

Expansion will take airline to markets where demand is not met by competitors

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

Financing secured for Facility DSubscription

Seven Japanese banks finance project

Doha metro station

Qatar extends facilities management prequalificationSubscription

New deadline falls on 8 February

Brikho: We have started integrating in the Middle East

Amec Foster Wheeler’s CEO steps downSubscription

Source says activities in the Gulf are expected to continue as normal

Stock market

GCC stocks lose and Iran gains after Implementation daySubscription

Falls in oil price and global equities hits region

Egypt fuel prices

Qatar slashes fuel subsidiesSubscription

The price of gasoline rises by 30 per cent

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

David Richter

Major construction programmes keep firms busy in 2016Subscription

Hill International is working on long-term projects across the region

UAE banks continue growth

GCC banks hike provisioningSubscription

Problem loans steady in 2015

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    

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