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Latest News

GCC construction

GCC economic activity drops by 30 per cent Subscription

2 July 2015 | By

Three data points show that markets fell during first half of 2015

Dubai metro

Dubai to prequalify metro bidders in mid-July Subscription

2 July 2015 | By

At least 10 groups submitted documents in June

Egyptian gas fields have declined faster than expected

BG Egypt will not see operational changes this year Subscription

2 July 2015 | By

Spokesman says decisions on operations will be made after merger with Shell is finalised in early 2016

Offshore oil exploration

Profits fall at Abu Dhabi's Ipic Subscription

2 July 2015 | By

Lower oil prices cut into profits by 30 per cent

Egypt construction road

Canadian firm wins Kuwait contract Subscription

2 July 2015 | By

Ministry of Public Works appoints design consultants for road project

Lebanon-based educator begins Africa expansion

Lebanon-based educator begins Africa expansion Subscription

2 July 2015 | By

Financing deal valued at hundreds of million of dollars signed for schools

At least 50 people have been killed in a militant attack on security checkpoints in northern Sinai

Sinai chaos as Egyptian army steps up offensive Subscription

2 July 2015 | By

Egyptian armed forces have declared a state of war, according to statement

Qatar pushes to host Formula One race

Qatar pushes to host Formula One race Subscription

2 July 2015 | By

New street circuit being considered by Doha

US airlines investigated for collusion

US airlines investigated for collusion Subscription

2 July 2015 | By

Move comes as Emirates hits back at allegations of unfair competition

Conflict: A Saudi-led coalition is carrying out numerous air strikes against Houthi rebel positions in Yemen

Militias release 1,200 Yemeni prisoners Subscription

2 July 2015 | By

Al-Qaeda supporters freed prisoners amid clashes in central Yemen

Nuclear reactor in power plant

Iran nuclear stockpile reduced to below target Subscription

2 July 2015 | By

UN report claims Tehran met its obligations to reduce uranium stocks

Doha

Qatar Foundation employees jailed for corruption Subscription

2 July 2015 | By

Both men have been sentenced to five years in prison

Gas pipelines

Tunisia tenders gas compression station Subscription

2 July 2015 | By

Project is estimated to be worth $200m

Kuwait forecasts $23bn budget deficit

Kuwait forecasts budget deficit Subscription

2 July 2015 | By

Parliament passed new budget on 1 July

Water pipes

Oman invites bids for water contracts Subscription

2 July 2015 | By

Eight operation and maintenance contracts have been tendered for projects across the sultanate

Saudi Aramco still evaluating Jizan gas supply contract

Acwa secures Islamic finance for Jizan plant Subscription

2 July 2015 | By

First industrial gases projects to use solely Islamic finance

Iran's Supreme Leader Ayatollah Ali Khamenei

Iranian leader outlines next five-year plan Subscription

2 July 2015 | By

Strategy focuses on defence, ‘resistance economy’ and technological development

Commercial bids submitted for Bab oil development

Commercial bids submitted for Bab oil development Subscription

1 July 2015 | By

Seven contractors vying for estimated $2bn Abu Dhabi oil field project

The closing date for the Palm Gateway contract is 11 January. The scope of work involves building three high-rise towers at the base of Palm Jumeirah

Nakheel receives bids for Gateway Towers Subscription

1 July 2015 | By

Contract involves building three high-rise structures at base of Palm Jumeirah

King Khaled International airport expansion

Hochtief confirms Riyadh airport award Subscription

1 July 2015 | By

Joint venture will upgrade terminals 3 and 4

The Clean Fuels Project will upgrade and expand Kuwait’s Mina al-Ahmadi and Mina Abdullah refineries

Clean Fuels Project to close financing by early 2016 Subscription

1 July 2015 | By

Kuwait National Petroleum Company seeking $9.9bn of debt

Power

Saudi power plant deadline extended Subscription

1 July 2015 | By

Power plant will have combined-cycle and solar energy components

ABB wins Qatar electricity order

ABB wins Qatar electricity order Subscription

1 July 2015 | By

Swiss firm will provide and install three electrical substations

Oman seeks interest in Duqm acetic acid plant

Oman seeks interest in Duqm acetic acid plant Subscription

1 July 2015 | By

Companies asked to express interest in bidding for estimated $1bn project

Emirates

Emirates turns the tables against the Big 3 Subscription

1 July 2015 | By

CEO of Dubai flag carrier says it is financially transparent and has nothing to hide

Kuwait City

Kuwait real estate down this year Subscription

1 July 2015 | By

Property sector slows down despite positive economic forecasts

A view shows burnt cars at the site of a car bomb that attacked the convoy of Egyptian public prosecutor Hisham Barakat near his house at Heliopolis district in Cairo on 29 June

Egypt to implement new security strategy Subscription

1 July 2015 | By

Al-Sisi announces updated security measures following high-profile assassination

Oman to tender green data centre

Oman to tender green data centre Subscription

1 July 2015 | By

Tier 3 facility to comply with international standards

Runway

Kuwait prequalifies firms for airport package Subscription

30 June 2015 | By

Runway and infrastructure package tendered and stalled in 2013

Halong Bay Vietnam

Limitless plans new overseas projects Subscription

30 June 2015 | By

Dubai-based developer to announce new developments very soon

Deira Islands, Dubai

Van Oord wins Dubai offshore work Subscription

30 June 2015 | By

Dredger will complete marine work on Nakheel’s Deira Islands development

Libya in talks to reopen oil fields

Libya in talks to reopen oil fields Subscription

30 June 2015 | By

Officials and tribal leaders are taking part in negotiations

Napco expands Oman downstream aluminium capacity

Napco expands Oman downstream aluminium capacity Subscription

30 June 2015 | By

Company to add two extrusion presses and vertical powder coating line

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