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This Week's News from MEED

Aramco to terminate SK E&C from Jizan refinery project

Aramco to terminate SK E&C from Jizan refinery Subscription

23 November 2014 | By

South Korean contractor to go after failing to agree budget increase at $7bn-plus project in Saudi Arabia

Turkey and Algeria agree 10-year gas deal

Turkey and Algeria agree 10-year gas deal Subscription

23 November 2014 | By

Algeria set to supply Turkey with 4.4 billion cubic metres of gas

Ducab Aluminium assesses bids on rod and conductor plant

Ducab Aluminium assesses bids on rod and conductor plant Subscription

23 November 2014 | By

Contract expected to be awarded in January on proposed $60m facility in Abu Dhabi  

Bahrain holds parliamentary elections

Bahrain holds parliamentary elections Subscription

23 November 2014 | By

First elections since 2011 protests

Kuwait’s Partnerships Technical Bureau is unable to issue tenders until the Council of Ministers issues executive regulations for two laws relating to public-private partnerships

Kuwait on hold for PPP bylaws Subscription

23 November 2014 | By

Project delays caused by wait for Council of Ministers to agree new regulations

Renewable energy

Egypt invites interest in 4300MW renewables programme Subscription

23 November 2014 | By

Huge interest before 26 November deadline for proposals

Tunnel-boring as part of Suez Canal project is being discussed

German machines to drill under Suez Canal Subscription

23 November 2014 | By Wil Crisp

Germany’s Herrenknecht says it is discussing Suez contract details

Oil pipeline

New Israeli gas pipeline to Egypt planned Subscription

23 November 2014 | By

Pipeline will be part of upgrade to the offshore Tamar gas field

Beji Caid Essebsi, leader of Nidaa Tounes and favourite to win Tunisia's first presidential elections since 2011

Favourite emerges from Tunisia presidential polls Subscription

23 November 2014 | By

Former regime official favourite to win first presidential election since 2011

Rooftop solar panels

UAE signs rooftop solar MoU with ABB Subscription

23 November 2014 | By

ABB will develop pilot grid-connected PV panels

Israel has been demolishing the homes of Palestinians involved in the attacks

Tensions escalate in Jerusalem Subscription

20 November 2014 | By

Palestinians fear status of Al-Aqsa Mosque will be changed

Acwa Power submits low tariff for 100MW Dubai solar scheme

Acwa Power submits low tariff for 100MW Dubai solar scheme Subscription

20 November 2014 | By

A total of 10 prequalified groups submitted bids on 20 November

Refinery under construction

Aramco sees Jizan refinery costs soar by $2bn Subscription

20 November 2014 | By

Contractors claiming more funds due to delays and scope changes in huge refinery scheme

Bank of Palestine net profit 2003-13

Bank of Palestine to open Dubai office Subscription

20 November 2014 | By

Lender looking to attract more foreign investment

Oman invites bids for Sohar port desalination plant

Oman invites bids for Sohar port desalination plant Subscription

20 November 2014 | By

Prequalified companies bidding for consultancy and construction contracts

Bam International has been awarded a contract to build marine infrastructure works for the third-phase expansion of the Al-Dabbiya oil field in Abu Dhabi

Bam wins $88m deal on Al-Dabbiya marine works Subscription

20 November 2014 | By

Dutch company to carry out work on shallow-water oil field development in Abu Dhabi

Oman invites bids for Sohar wastewater treatment plant

Oman invites bids for Sohar wastewater treatment plant Subscription

20 November 2014 | By

Tebodin bids low for supervision services contract

FlyDubai raises debut sukuk

Flydubai raises debut sukuk Subscription

20 November 2014 | By

Islamic bonds becoming more attractive funding option in UAE

UAE-based private equity firm Abraaj Capital has secured regulatory approval to acquire a stake in Egyptian food producer Bisco Misr

Abraaj Capital wins approval for Bisco Misr deal Subscription

20 November 2014 | By

UAE private equity firm pushes ahead with acquisition plans

Mining

Savannah Resources invests in Oman copper Subscription

20 November 2014 | By

Savannah to make $4.6m investment in Al-Thuraya

Bahrain’s sovereign wealth fund Mumtalakat has raised a $600m seven-year sukuk (Islamic bond)

Mumtalakat launches first US dollar sukuk Subscription

20 November 2014 | By

Bahraini sovereign wealth fund last tapped US dollar debt capital markets in 2010

Atieh Abu Raqabah, Sabic

Sabic evaluates programmes to reach sustainability targets Subscription

20 November 2014 | By

More than 800 ideas considered to help meet reductions in emissions, water and materials waste

Acwa Power signs deal to expand Barka desalination capacity

Acwa Power signs deal to expand Barka desalination capacity Subscription

20 November 2014 | By

Saudi-led consortium will expand capacity of Barka 1 independent water and power plant

Baiji refinery

Iraq forces break siege at Baiji refinery Subscription

19 November 2014 | By

Baghdad claims strategic victory as army regains ground from Islamist militants

Air Arabia raises Islamic loan to fund new aircraft

Air Arabia raises Islamic loan to fund new aircraft Subscription

19 November 2014 | By

$230m deal arranged by Dubai Islamic Bank

Kuwait International airport

Kuwait tenders new airport terminal project management deal Subscription

19 November 2014 | By

Fourteen international consultants have been invited to bid

The number of passengers travelling to and from the Middle East is growing strongly despite the global slowdown in aviation travel

Middle East air routes buck global slowdown Subscription

19 November 2014 | By

Regional economic growth underpins increase in passenger numbers

Tunisia to tender Sfax desalination plant

Tunisia to tender Sfax desalination plant Subscription

19 November 2014 | By

Main contract expected to be tendered in May 2015

Indian industrial manufacturer Jindal Saw has secured a six-year club facility to finance its growth in the Middle East

Jindal Saw closes deal to fund UAE operations Subscription

19 November 2014 | By

Indian manufacturer secures $126.6m club facility to finance growth in Middle East

Sabic Home of Innovation

Sabic to open Home of Innovation

19 November 2014 | By

Development designed to showcase how firm’s products can be sustainable

Oil sector

Lower crude could affect future spending in Oman oil sector Subscription

19 November 2014 | By

But ministry says current expansion projects will go ahead as planned

Hospitality sector: Faithful & Gould worked on the Burj al-Arab in Dubai

Faithful + Gould appoints new regional hospitality head Subscription

19 November 2014 | By

Appointment is part of UK company’s efforts to expand into tourism sector

Rig

Kuwait yet to decide on Lower Fars Subscription

19 November 2014 | By

Contractors say it could be weeks or months until contract is awarded

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