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UAE News and Analysis


Dubai issues 15-year sukuk Subscription Required

24 April 2014, 12:28 GMT | By Rebecca Spong

Issuance sets new benchmark for long-term financing in emirate

Dubai Investments’ shareholders approve higher foreign ownership

23 April 2014, 14:03 GMT | By Melissa Song Loong

Company is planning to raise foreign ownership limit to 35 per cent

System Construct awarded Abu Dhabi polymer additives plant Subscription Required

23 April 2014, 12:47 GMT | By Mark Watts

Polysys Additive Technologies’ plant expected to be complete by the end of 2014

Drake & Scull wins contract for Algeria project Subscription Required

23 April 2014, 9:30 GMT | By Jeff Florian

Scope of work entails building a mixed-use development in Algiers

Taqa plans to issue bond of at least $500m Subscription Required

23 April 2014, 8:50 GMT | By Melissa Song Loong

Issue is part of refinancing of $1.2bn bond maturing in September

Contractor mobilises for Sheikh Zayed Road interchange

23 April 2014, 8:42 GMT | By Colin Foreman

Bridge will provide access to Meraas’ Bluewaters island development

ADCB extends loan to support Abu Dhabi Fairmont hotel Subscription Required

23 April 2014, 7:43 GMT | By Rebecca Spong

Loan is for AED950m

Prysmian wins contract on Abu Dhabi’s Zakum field Subscription Required

23 April 2014, 7:39 GMT | By Mark Watts

Italian group to build cable links for submarine electrification project

Emaar Properties’ profit rises 55 per cent Subscription Required

23 April 2014, 7:36 GMT | By Melissa Song Loong

Emaar Properties’ non-property business accounted for majority of revenues

Technip awarded design contract on Abu Dhabi’s Hail field Subscription Required

23 April 2014, 7:35 GMT | By Mark Watts

Delayed Japan-owned project moves forward with key contractors now in place

National Petroleum Services acquired by Gulf consortium Subscription Required

22 April 2014, 13:37 GMT | By Mark Watts

Fajr Capital-led group pays more than $500m for Dubai oil services company

Al-Shafar wins contract for Abu Dhabi Marina project Subscription Required

22 April 2014, 11:57 GMT | By Jeff Florian

Al-Shafar to build a hotel, serviced apartment building, and two residential blocks

Tebodin wins onshore design deals in Abu Dhabi Subscription Required

22 April 2014, 7:29 GMT | By Mark Watts

Dutch group will work on project operated by Gasco and Dolphin Energy

Deyaar Development raises foreign ownership Subscription Required

21 April 2014, 8:49 GMT | By Melissa Song Loong

Developer has received approval to raise limit to 25 per cent

Indian investors commit $230m to Abu Dhabi metals and minerals projects Subscription Required

21 April 2014, 8:08 GMT | By Mark Watts

Expansions at ZonesCorp Industrial City include iron pipes, ferro-alloys and lime calcination

UAE inflation hits three-year high Subscription Required

17 April 2014, 9:51 GMT | By Mark Watts

Inflation in March seen at 1.9 per cent driven by rising housing and utilities costs

Bids delayed on Nasr field development Subscription Required

16 April 2014, 11:13 GMT | By Mark Watts

Companies expected to submit commercial proposals on Abu Dhabi scheme in first week of May

Dubai tenders solar park substation contract Subscription Required

16 April 2014, 8:19 GMT | By Andrew Roscoe

Client recently invited expressions of interest for 100MW second phase of project

Dubai Islamic Bank raises foreign ownership limit Subscription Required

16 April 2014, 8:18 GMT | By Melissa Song Loong

Higher limit means DIB is likely to be included in emerging markets index

Contractors bid for Dubai sewage treatment plant Subscription Required

16 April 2014, 8:02 GMT | By Colin Foreman

Dubai Municipality receives three proposals for Al-Awir facility expansion


Abu Dhabi peak power demand forecast

Exports drive growth in Abu Dhabi electricity demand Subscription Required

24 April 2014, 8:22 GMT | By Andrew Roscoe

Abu Dhabi could face electricity shortfall by 2016 if extra capacity does not come online

Top 100 projects index, Q1 2014

Kuwait’s Clean Fuels Project edges Top 100 Projects value higher Subscription Required

24 April 2014, 7:17 GMT | By Robert Jones

A busy first quarter for 2014 saw 15 entrants in the MEED Top 100 Projects index

Strategy: Dubai is seeking to use private-public partnerships and stock market listings to raise financing

Dubai’s search for finance Subscription Required

17 April 2014, 15:16 GMT | By Rebecca Spong

Faced with a huge debt pile and risk-averse banks, the emirate is seeking new ways to fund its boom


The growing appetite for bonds Subscription Required

10 April 2014, 13:46 GMT | By Melissa Song Loong

Increased corporate activity spurred by strong economic growth is helping to expand the market

Serco is the service provider for the Dubai Metro

Bringing the region's services to life Subscription Required

10 April 2014, 13:21 GMT | By Colin Foreman

Facilities management firm Serco works quietly in the background, providing major services across various sectors in the region, but its CEO is looking to extend its reach

Trade confidence in the Middle East

Confidence among UAE traders grows Subscription Required

8 April 2014, 7:47 GMT | By Rebecca Spong

India and China will remain the UAE’s fastest-growing trade routes

GCC and Iraq energy awards

Gulf oil and gas spending hits long-term high in first quarter Subscription Required

2 April 2014, 8:53 GMT | By Mark Watts

More than $25bn-worth of contracts awarded as three-month period eclipses total for 2013

The UK’s Carillion has been the main beneficiary of UK government funding support and has managed to win contracts on key Dubai projects such as the Dubai Trade Centre District

UK funding to play increased role in Dubai projects Subscription Required

26 March 2014, 10:37 GMT | By Colin Foreman , Rebecca Spong

Armed with strengthening support from London, UK companies will find themselves in a better position to handle the growing competition in the emirate

Investor appetite: At least 10 listings are planned for 2014 on the UAE’s bourses

Gulf companies rush for stock market listings Subscription Required

27 February 2014, 14:38 GMT | By Melissa Song Loong

2014 is set to be the biggest year since 2007 for regional bourses as more Gulf firms seek flotations

Tallest buildings in the Middle East

Middle East to build more skyscrapers Subscription Required

19 February 2014, 10:49 GMT | By Jeff Florian

Kingdom Tower in Jeddah set to be tallest building in the world

GCC gas contracts

Uptick in GCC gas awards expected in 2014 Subscription Required

12 February 2014, 11:06 GMT | By Mark Watts

Oman’s Khazzan deal the first of several big contracts this year as GCC invests in gas supply

Arabtec managing director and CEO Hasan Ismaik

Hasan Abdulla Ismaik, CEO, Arabtec Holding Subscription Required

6 February 2014, 11:40 GMT | By Colin Foreman

Arabtec Holding’s new head has set his sights on transforming the company into the biggest contractor in the Middle East

Abu Dhabi residential stock

Abu Dhabi property market gathers strength Subscription Required

30 January 2014, 8:41 GMT | By Jeff Florian

UAE capital’s property sector enjoys strong performance in 2013

Opec oil production 2012-13

Opec output shrunk in 2013 on Iran and Libya production cuts Subscription Required

29 January 2014, 8:04 GMT | By Mark Watts

Non-Opec output replaced Opec supply as exporters brace for the potential return of Iran

Sheikh Khalifa bin Zayed al-Nahyan Subscription Required

26 January 2014, 7:45 GMT

President of the UAE and ruler of Abu Dhabi

Cable: We don’t have hang-ups about inward investors

UK upbeat about trade with UAE Subscription Required

22 January 2014, 12:43 GMT | By Mark Watts

Business secretary Vince Cable was in the UAE to promote investment opportunities in the UK to businesses in the Gulf region


Kuwait set to be biggest GCC oil and gas spender in 2014 Subscription Required

14 January 2014, 13:07 GMT | By Mark Watts

Large contracts on refineries and heavy oil should see Kuwait overtake the UAE this year


Medical insurance set for growth Subscription Required

14 January 2014, 12:46 GMT | By Melissa Song Loong

Compulsory healthcare coverage is being rolled out or planned in the GCC states and is set to fuel growth for insurers. But higher premiums and consolidation will be needed to increase profitability

Confidence: Nakheel is planning to launch $1.6bn of new schemes in 2014

Nakheel confident on tackling debt Subscription Required

9 January 2014, 9:25 GMT | By Colin Foreman

The developer will start prepaying its debts this year, buoyed by strengthening cash flows

Steel demand

Steel sector to see rising demand Subscription Required

31 December 2013, 8:47 GMT | By Kevin Baxter

Higher public spending is set to spur growth in demand, but challenges threaten the industry’s potential



Abu Dhabi edges closer to shortage

24 April 2014, 15:47 GMT | By Andrew Roscoe

Without the addition of generation capacity, the emirate will struggle to address growing power demand


Financing the Dubai boom

17 April 2014, 15:17 GMT

Investor confidence is growing, but Dubai still needs to close several finance deals to attract future funding for revived infrastructure plans

Sheikh Mohammed: Willing to end diplomatic dispute

Mending ties with Islamic Republic

17 April 2014, 13:20 GMT

Dubai’s ruler, Sheikh Mohammed, has agreed to visit Iran in a sign of thawing relations between the states

Markets and bonds

Bonds market gains maturity

10 April 2014, 15:39 GMT

An increasingly diverse base of issuers, driven by strong economic growth is helping to deepen the region’s capital markets

Dubai road plans

Double vision for Dubai road link

10 April 2014, 15:33 GMT

Dubai’s main highway is the focus of a feasibility study looking at adding an elevated level in a bid to ease cross-emirate traffic congestion

Gasification at Jizan

Higher bid prices return to the GCC

10 April 2014, 15:24 GMT

European firms have been winning work again for a couple of years now, beating South Korean competition

Private funding

Dubai looks to private funding

10 April 2014, 15:16 GMT

The emirate is seeking to involve the private sector in its power and transport infrastructure sectors

Regional metro schemes

New players to fill metro void

20 March 2014, 16:26 GMT

With the region’s metro boom gathering pace, competition for resources is also mounting

Dubai solar commitments

Dubai committed to solar targets

20 March 2014, 16:07 GMT

Progress on the emirate’s solar park shows it intends to remain a major player in the renewables market


Progress is key on housing deal

13 March 2014, 14:52 GMT | By Colin Foreman

The low-cost housing contract the Egyptian government has signed with Arabtec promises much-needed homes and jobs for citizens

Stocks: 2014 could see a steady stream of offerings

High hopes for new UAE listings

27 February 2014, 14:27 GMT | By Melissa Song Loong

The UAE’s stock markets are in dire need of successful initial public offerings to increase liquidity and offer diversification


Abu Dhabi has time on its side

27 February 2014, 14:13 GMT

The emirate can afford to meet its industrial diversification targets at a slower pace than neighbouring states

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