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UAE News and Analysis

News

Total wins stake in Abu Dhabi onshore oil fields

Total wins stake in Abu Dhabi onshore oil fields Subscription Required

29 January 2015 | By Mark Watts

Paris-based group first to announce joint venture and also becomes asset leader of several fields

Banking

Syndicated loan raised for Universal Hospital Subscription Required

29 January 2015 | By Rebecca Spong

Abu Dhabi medical facility secures AED260m

National Bank of Abu Dhabi (NBAD) has reported an 18 per cent increase in net profits for 2014

NBAD reports profit increase for 2014 Subscription Required

29 January 2015 | By Rebecca Spong

Abu Dhabi bank’s lending rose by 6 per cent

Commercial Bank of Dubai posts rise in profits

Commercial Bank of Dubai posts rise in profits Subscription Required

29 January 2015 | By Rebecca Spong

Bank strives to diversify revenue sources

Dubai Silicon Oasis

Dubai Silicon Oasis to tender new project Subscription Required

28 January 2015 | By Hossam Abougabal

Client confirms that Silicon Park project is on track

Dubai Expo masterplan to be submitted soon

Dubai Expo masterplan to be submitted soon

28 January 2015 | By Hossam Abougabal

Committee to submit event masterplan in order to kick-start procurement for Expo site

Stanbic Bank Uganda signs loan with Gulf banks

Stanbic Bank Uganda signs loan with Gulf banks Subscription Required

28 January 2015 | By Rebecca Spong

Africa to turn to region for financing

Cargo

Etihad Airways launches cargo terminal tender Subscription Required

27 January 2015 | By Hossam Abougabal

Abu Dhabi airline invites firms for design and build contract for new cargo terminal

Contractors faced with outdated procedures in the lead up to Dubai Expo 2020

Dubai hindered by procurement methods

27 January 2015 | By Hossam Abougabal

Contractors faced with outdated procedures in the lead up to Expo 2020

Construction

Desert Rose project can be delivered early Subscription Required

27 January 2015 | By Hossam Abougabal

Scheme could be completed before 2020

Dubai Marina

Dubai expansion plans need more investment

27 January 2015 | By Hossam Abougabal

Banking sector calls for alternative financing methods

Oil

Oil prices set for second half recovery Subscription Required

27 January 2015 | By Mark Watts

Abu Dhabi economy minister predicts upturn in crude and major world economies

Dubai International airport

Dubai Expo will add 5.4 million air passengers

27 January 2015 | By Andrew Roscoe

Emirate is expected to receive 70 million passengers in 2020

UAE oil storage awards

Overcapacity slows oil storage investment Subscription Required

26 January 2015 | By Mark Watts

Capacity projections revised down as expansions are delayed at UAE’s east-coast storage hub in Fujairah

UAE oil and gas EPC awards

UAE oil and gas projects will go ahead Subscription Required

26 January 2015 | By Mark Watts

Abu Dhabi will continue to invest in upgrade of facilities amid market jitters, says minister

Abu Dhabi Commercial Bank (ADCB) saw its net profits increase by 16 per cent in 2014

ADCB posts increased profits Subscription Required

26 January 2015 | By Rebecca Spong

Bank increases lending by 7 per cent in 2014

Dubai Islamic Bank is expecting to get full regulatory approval to set up a new branch in Kenya this year

DIB expects approval for Kenya opening Subscription Required

26 January 2015 | By Rebecca Spong

Bank also increasing stake in Indonesian operation

Dubai real estate

Dubai market cautiously optimistic about 2015

26 January 2015 | By Edmund O'Sullivan

There is a well-needed correction in Dubai’s real estate market after exuberance of 2013 and early 2014

The Gallaria mall in Abu Dhabi

Contractors submit bids for Abu Dhabi mall Subscription Required

26 January 2015 | By Colin Foreman , Hossam Abougabal

Gulf Related’s Al-Maryah Central plans to open in 2018

Dubai housing

Affordable housing a key opportunity in Dubai

26 January 2015 | By Edmund O'Sullivan

Good-quality offices and luxury apartments are also being targeted

Analysis

Supply and demand: Domestic gas consumption has outsripped production in recent years

Abu Dhabi takes on gas deficit Subscription Required

20 January 2015 | By Mark Watts

The Shah project is providing a boost to gas availability in the UAE, but it is only part of its strategy

Railway construction

Rail projects safe from oil price drop Subscription Required

19 January 2015 | By Hossam Abougabal

No sign of delays for existing rail and metro projects across the GCC although new project plans unlikely to materialise this year

Average LNG import prices to Japan

GCC LNG exporters hit as prices plummet Subscription Required

14 January 2015 | By Mark Watts

Lower Asia demand growth and tumbling crude price signal weak liquefied natural gas market in 2015

Falling crude prices are accentuating the excess supply of hotel rooms in Dubai

Dubai tourism sector to cool on oil slump Subscription Required

12 January 2015 | By Colin Foreman

Ahmed Ramdan, group CEO of the local hospitality consultancy Roya International, discusses the impact of falling oil prices on tourism in Dubai

Dubai freehold villa supply pipeline

Dubai property market regains balance Subscription Required

12 January 2015 | By Hossam Abougabal

Dubai’s real estate market has matured, and will continue to see slow but sure growth on the back of confidence fuelled by the Expo 2020 win

Bosch provided the audio system for the 60,000-spectator capacity grandstand at Dubai's Meydan Racecourse

Dubai projects showcase technological innovation

12 January 2015 | By Colin Foreman

Expo and Smart City programmes will require cutting-edge products and installations

Dubai hotel rooms

Dubai’s budget hotel dilemma Subscription Required

11 January 2015 | By Philippa Wilkinson

While there is strong demand in the emirate for mid-range and budget hotels, the cost of land is holding back development of sector

Faced with an economic storm in 2015, Dubai’s response has been to plan for the long term

Dubai adopts cautious stance Subscription Required

18 December 2014 | By Colin Foreman

Faced with an economic storm in 2015, the emirate’s response has been to plan for the long term

Sultan Ahmed bin Sulayem, chairman of DP World

Interview: Sultan Ahmed bin Sulayem, chairman, DP World Subscription Required

18 December 2014 | By Rebecca Spong

International ports operator DP World is cementing itself as a global trade player with major plans for future growth, according to its chairman. Rebecca Spong reports

Oil

Impact of falling oil prices on the UAE Subscription Required

17 December 2014

Like Kuwait and Qatar, the UAE is well prepared to deal with a period of low oil prices. It has substantial fiscal reserves, a relatively low breakeven price, and the strongest non-oil economy in the region

Oil, gas and chemical awards in the GCC

GCC oil and gas spending hits four-year high in 2014 Subscription Required

15 December 2014 | By Mark Watts

Kuwait leads spending as Saudi Arabia has weakest year for contracts since 2004

Cloud computing

Interview: Richard Longdon, CEO, Aveva Solutions Subscription Required

14 December 2014 | By Philippa Wilkinson

Cloud computing is the future for oil and gas, but customers have to adapt their mindset, says Aveva CEO Richard Longdon.

WTI spot price

Riding out low oil prices Subscription Required

4 December 2014 | By Wil Crisp

GCC nations brace for budget deficits as Opec offers no oil price support

Mohamed al-Khadar

Interview: Executive director, Urban Planning Council, Abu Dhabi Subscription Required

27 November 2014 | By Richard Thompson

Abu Dhabi’s Urban Planning Council is making good strides in helping the emirate plan the next phase of its development, says Mohamed al-Khadar

Crunch: Abu Dhabi faces a shortfall of water next year unless new capacity comes online or demand decreases

A brave move by Abu Dhabi on water tariffs Subscription Required

20 November 2014 | By Andrew Roscoe , Philippa Wilkinson

The emirate is targeting nationals in its reform of power and water subsidies

Fujairah's location on the Gulf of Oman coast gives it direct access to the Indian Ocean, a geographical advantage that has attracted investment in key energy infrastructure over the past decade

Oil and gas drives $9bn projects pipeline in Fujairah Subscription Required

13 November 2014 | By Mark Watts

Emirate’s access to Indian Ocean attracts investment

Energy use by Mena cities 2010

Mixed response to green building Subscription Required

13 November 2014 | By Paul Melly

Only some countries in the region have developed sustainability ratings for projects that seek to go beyond energy conservation and look at resource use and environmental impact

WEF Think Tank launch

World Economic Forum launches global think-tank Subscription Required

11 November 2014 | By Lara Golden

Think-tank communities becoming increasingly important element of global policymaking

Dame Kelly Holmes speaking at the Daman Corporate Health Awards 2014

Determination is the key to success, says Olympic hero

6 November 2014

Double Olympic gold medallist Dame Kelly Holmes presents Daman Corporate Health Awards 2014

Selected UAE banks profits for first nine months

Profitable UAE banks raise international profile Subscription Required

5 November 2014 | By Rebecca Spong

Most UAE banks post first nine-month profit increase

Comment

Coal-fired power plant

Coal back on the agenda

27 January 2015 | By Andrew Roscoe

GCC and North Africa look to coal for power generation

Abu Dhabi Securities Exchange

ADX must attract more foreign investors

27 January 2015 | By Rebecca Spong

Abu Dhabi Securities Exchange must lure oversees investers to ensure market stability

Masdar International photovoltaic competition solar panels in Abu Dhabi

Dubai positions itself as region’s renewables hub

22 January 2015 | By Andrew Roscoe

Emirate has become one of the most active renewable energy markets in the region

gas flare

UAE gas crunch continues

20 January 2015 | By Mark Watts

Measures taken to curb energy consumption

Dubai in the UAE

Diversified Dubai drives ahead

20 January 2015 | By Colin Foreman

Emirate is tendering major projects despite oil price slump

Saudi Aramco's Khurais oil field in Saudi Arabia

Masters of the new world energy order

18 January 2015 | By Edmund O'Sullivan

The GCC, the worlds’ biggest energy exporter, and the US, the world’s largest energy consumer are emerging as leaders in a new world energy order

Marassi al-Bahrain development

UAE real estate investment buoyed by Eagle Hills

8 January 2015 | By Hossam Abougabal

Eagle Hills and Al-Mabaar combine portfolios as Abu Dhabi reignites international real estate investment

With Opec production likely to stay constant for at least six months, US hydrocarbons production is now the major source of uncertainty for the oil market

Arab countries will not blink first on oil

22 December 2014 | By Wil Crisp

Regional energy ministers take tough stance on output

Dubai Marina

Robust Dubai can weather 2015 storm

18 December 2014 | By Colin Foreman

Challenging year ahead is not cause for worry yet

Saudi Aramco's Khurais oil field in Saudi Arabia

Why GCC producers are happy to see oil fall

18 December 2014 | By Edmund O'Sullivan

The GCC’s oil producers will be the biggest winners from the 2014 oil price crash

Opec secretary-general Abdullah al-Badri

Opec sets the tone for 2015

15 December 2014 | By Richard Thompson

Regional producers are not about to cut oil production and the assumptions that have underpinned forecasting in recent years have to be revisited

The planned Dubai World Expo 2020 site

Expo progress will reverse declining sentiment

11 December 2014 | By Colin Foreman

Construction companies are less optimistic about the future as 2015 approaches

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