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UAE News and Analysis

National Commercial Bank IPO to boost Saudi Stock Exchange

KBBO appoints banks for Centurion London IPOSubscription

US and regional banks work on $1bn-plus deal

Photovoltaic solar power

Austrian firm appointed for Dubai solar projectSubscription

Consultant has been appointed as owner’s engineer

Mohammed bin Rashid al-Maktoum Solar Park

Dubai launches $13bn clean energy fundSubscription

Fund to bankroll three-quarters of energy supply from clean sources by 2050


Abraaj offloads Network International shares Subscription

US private equity firms acquire 49 per cent stake

Abu Dhabi

UAE downplays Israel office in Abu DhabiSubscription

Mission-level office to be accredited to International Renewable Energy Agency

Abengoa designed the Solucar Platform in Spain

Spain’s Abengoa starts insolvency proceedingsSubscription

Move may have impact on Middle East projects

Onshore oil well

Still no deadline for Qusahwira field expansionSubscription

Contractors wait for date to submit prices on Abu Dhabi scheme five months after technical bids


Tight fiscal policies could push technology adoptionSubscription

Smaller margins require renewed focus on efficiency


Al-Jaber Group seeks amendments in $4bn debt restructuringSubscription

Abu Dhabi-based company negotiating with committee of banks

Dubai construction

Drake & Scull wins two contractsSubscription

DSI appointed for work on Abu Dhabi mixed use development and Dubai district cooling plants 

Palm monorail

Nakheel extends Palm monorail contractSubscription

UK’s Serco to operate and maintain rail link for another five years


Rail sector heads to a very cautious 2016Subscription

Value of contract awards declines by over 30 per cent year-on-year

Amal Abdullah Juma Karam al-Qubaisi

UAE federal authority appoints first female chairpersonSubscription

Al-Qubaisi’s appointment seen as historic across the GCC states


Mubadala and IBM unveil joint ventureSubscription

Newly formed company to develop and deliver cognitive computing solutions

Emal still evaluating bids for power project

Emirates Global Aluminium aims for $4.9bn loanSubscription

UAE firm hopes to refinance by the end of 2015

The new Atlantis hotel planned in Dubai

Two frontrunners emerge for AtlantisSubscription

Contract is one of Dubai’s most high profile construction deals

Power plant

Abengoa wins Emal captive power plant contractSubscription

Cogeneration plant will expand Emal’s captive power capacity by 220MW

 Arcadis signs HSBC management deal

HSBC lays off 150 employees in UAESubscription

Lender is striving to save costs amid declining profitability

Jebel Ali

Jebel Ali launches region's largest energy efficiency projectSubscription

First phase comprises energy retrofit of 157 staff accommodation buildings

Saudi Oil Minister Ali al-Naimi

Investments in oil assets must continue, says Saudi oil ministerSubscription

Ali al-Naimi says investment pace must continue for producers to meet global demand growth

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

Karim el-Solh, Gulf Capital

Gulf Capital shifts focus to consumer-driven investmentsSubscription

Interview: Karim El-Solh, CEO, Gulf Capital

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

Dubai's Shuaa Capital closes SME loan

Low oil prices to test SMEsSubscription

Reduced government spending and weak economic growth will mean SMEs in some sectors suffer

Oman port

Falling liquidity to push up cost of PPPsSubscription

Sound projects will find financing, but on less favourable terms


Private financing resurfaces in regionSubscription

Governments need to create effective and transparent institutions to succeed this time around


GCC deficit forecast to hit 13 per centSubscription

Saudi Arabia, Oman and Bahrain will run through reserves in five years under current conditions

More sovereign wealth funds are planning to increase their allocations for real estate investment. For example, the Qatar Investment Authority has bought Canary Wharf in London

Fiscal tightening creates pressure on sovereign wealth fundsSubscription

GCC governments are facing major fiscal deficits and are starting to draw down on their wealth funds to finance shortfalls

Hamad Port

The best and worst ports in the regionSubscription

The shipping industry in the Middle East and North Africa is recording solid growth, but such statistics mask the large gap between the best and the worst ports

Abu Dhabi capital city of the UAE

Impact of oil price squeeze on UAE reserves is limitedSubscription

Oil now accounts for just one third of the UAE’s nominal GDP

Dubai International Financial Centre

GCC banking growth to slowSubscription

New credit cycle will mean harder conditions for lenders

Samer Khoury, CCC’s president of engineering and construction

Interview: Adapting for a new era of low oil pricesSubscription

Samer Khoury, president of engineering and construction at Consolidated Contractors Company, on how he is changing strategies to counter the effect of low oil prices

Commercial bank branches in Mena region

A region lacking in banking accessSubscription

Populations in Middle East and North African countries would benefit from far more extensive branch networks

Kuwait International airport

Transport projects need major technology investmentsVideoSubscription

Planned airport, seaports, rail and metro projects across the GCC require at least $16bn worth of ICT solutions

Stock markets

Global uncertainty hits GCC stock marketsSubscription

China worries impact commodity prices and shares

UAE fuel subsidies 2013 and 2015

UAE takes long-term view with subsidy cutsSubscription

Deregulation of fuel prices will ease pressure on state budget

Tehran in Iran

Emirati banks cautious on IranSubscription

UAE could be well-placed for trade finance boom

GCC price indices 2015

Oil price volatility hits stock marketsSubscription

Mixed results for GCC equity markets during first half


Saudi Arabia dominates region's project finance sectorSubscription

Uncertain pipeline for second half of year, but 2016 shows promise