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Latest News from MEED

Water pipes

Saudi Arabia completes 2025 water strategySubscription

9 February, 2016 By

Work on strategy first started in 2004

Egypt expects car market to double in five years

General Motors halts Egypt operationsSubscription

9 February, 2016 By

Import industries have been under pressure in Egypt since 2011

UAE retail operator faces third loss in three quarters

Dubai economy shows vulnerability Subscription

9 February, 2016 By

Falling oil prices and global uncertainty activated brakes on new business growth

Power plant

Saudi Arabia’s power sector will require $133bn investmentSubscription

9 February, 2016 By

Peak power demand increased by 10.2 per cent in 2015

Saudi Arabia

Saudi Arabia’s reserves dropped $116bn in 2015Subscription

9 February, 2016 By

Reserves fell 3 per cent in December

Al-Zadjali: Omani banks capitalised above Basel III

Oman considers EurobondSubscription

9 February, 2016 By

Muscat to borrow up to $10bn

Sheikh Mohammed bin Rashid al-Maktoum

UAE restructures federal governmentSubscription

9 February, 2016 By

Shake-up involves merging ministries

Gas plant

Petroceltic gets more timeSubscription

9 February, 2016 By

Activist shareholder considers takeover

Power transmission

Saudi Arabia to award Egypt power link by middle of 2016Subscription

9 February, 2016 By

Electricity connection is due to be operational in 2019

Power transmission

Electricity connection planned between Saudi Arabia and TurkeySubscription

9 February, 2016 By

Electricity link could transport up to 10,000MW when fully completed

Riyadh

Dubai developer plans $3.7bn of malls in RiyadhSubscription

9 February, 2016 By

More than 10,000 new jobs will be created when two malls are completed

Cairo, Egypt streets

Egypt World Bank loan delayedSubscription

8 February, 2016 By

Cairo’s hesitation stems from government’s reluctance to impose value-added tax amid rising living costs

Electricity transmission

Saudi Arabia formulating national electricity strategy with World BankSubscription

8 February, 2016 By

Improving efficiency and implementing renewable energy programmes will form key components of strategy

Dubai real estate

Dubai seeks contractors for sprawling affordable housing schemeSubscription

8 February, 2016 By

Low income development consists of 81 low rise buildings

Joint venture bids low for Kuwait airport

Kuwait considers second review for airport project Subscription

8 February, 2016 By

Audit Bureau rejected contract in first review

Possible end in sight for Iran rail projects funding drought

Italian firm eyes major rail projects in IranSubscription

8 February, 2016 By

Italferr to provide engineering services for high-speed train service

Qatar Petroleum president and CEO Saad Sherida al-Kaabi

Qatar Petroleum invests in Moroccan oil explorationSubscription

8 February, 2016 By

Firm buys Chevron stake in offshore assets

Jubail Industrial City

Saudi state fund approves Chemanol debt restructuringSubscription

8 February, 2016 By

Jubail-based methanol manufacturer is restructuring SR386m outstanding loan

Power plant

Saudi Arabia to save $13bn by improving power sector efficiencySubscription

8 February, 2016 By

Converting existing power plants to combined cycle facilities will form key part of target

Air Arabia

Air Arabia profits fallSubscription

8 February, 2016 By

9 fils per share earning has been proposed

LNG carrier

UAE plans to commission floating gas terminal this yearSubscription

8 February, 2016 By

State-owned Abu Dhabi National Oil Company is planning to start imports in the second half of 2016

Bin Sulayem: Plans to open several ports in 2015

Bin Sulayem assumes dual role at DP WorldSubscription

8 February, 2016 By

Announcement coincides with 3 per cent volume growth report

Revenue from Dubai Mall accounted for 82 per cent of Emaar Properties' total revenues in 2014

Emaar Malls records 23 per cent growth in 2015 net profit Subscription

8 February, 2016 By

Total number of visitors increased to 124 million across the malls operated by the company

Cheaper feedstock shakes up petrochemicals market

Saudi Kayan 2015 loss widens on slumping sales volumesSubscription

8 February, 2016 By

A decrease in average selling prices was also a contributing factor to losses

King Abdullah Financial District in Riyadh

Saudi Binladin in banks talks to rollover debtSubscription

7 February, 2016 By ,

Contractor approaches lenders to get loans to meet short-term liabilities

Burj Khalifa Dubai skyine

Calatrava selected to design Dubai towerSubscription

7 February, 2016 By

New landmark will be built in the Creek area

Dubai_International_airport

Dubai tenders airport upgrade worksSubscription

7 February, 2016 By

Contract covers upgrade of systems supporting existing concourse

Power projects

Oman seeks adviser for power generation programmeSubscription

7 February, 2016 By

Appointed firm will assist with competitive tendering process

Dubai Metro

Dubai metro bidders prepare financing proposalsSubscription

7 February, 2016 By

Roads & Transport Authority to study funding options

Al-Sisi: Hope to deliver economic changes

Al-Sisi earmarks funds for Egypt housingSubscription

7 February, 2016 By

The amount will be used to finance the development of 100,000 units

Peugeot

Peugeot to compensate Tehran for withdrawal during sanctionsSubscription

7 February, 2016 By

Carmaker agrees to financial compensation under new agreement 

Frozen food

Alabbar leads GCC investors in bid to buy Americana stakeSubscription

7 February, 2016 By

UAE investment firm Adeptio inks agreement with Al-Khair Holding Company

Dubai Financial Market

Dubai Financial Market fourth quarter net profit declines 89 per centSubscription

7 February, 2016 By

Profit and revenues dropped as trading commissions plunged for only listed stock exchange in the region