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News

Middle East business news and analysis across all sectors and countries.

This Week's News from MEED

Sheikh Mohammed to visit Iran

15 April 2014, 19:58 GMT | By

UAE Vice President and Prime Minister Sheikh Mohammed accepts invitation from Iranian President Hassan Rouhani

Sabic joint venture ask for revised bids on $500m scheme Subscription

15 April 2014, 14:19 GMT | By

Contractors to submit new prices after clarification meetings for new petrochemicals plants in Saudi Arabia

Maaden net profit drops by 48 per cent Subscription

15 April 2014, 13:52 GMT | By

Falling commodities prices cited for lower than forecast profits by Saudi mining company  

Jebel Ali Port’s Terminal 3 to be operational by July Subscription

15 April 2014, 13:23 GMT | By

Terminal will add 4 million TEUs of capacity to mega port

Algerians apathetic to forthcoming presidential elections Subscription

15 April 2014, 13:17 GMT | By

Fourth term for Algeria’s incumbent Abdelaziz Bouteflika seen by many as a foregone conclusion

Qatari group reaches settlement with Habtoor Leighton Subscription

15 April 2014, 13:08 GMT | By

Dispute arose over long-delayed Doha City Centre expansion project

Drydocks’ North Sea rig to be delivered by June Subscription

15 April 2014, 12:40 GMT | By

Dubai World unit Drydocks World will also deliver wind power platform in the third quarter

United Iron & Steel Company to invest $138m in UAE rolling mill Subscription

15 April 2014, 12:14 GMT | By

Abu Dhabi complex to produce 300,000 tonnes a year of steel coils

Iran must invest $255bn to carry out oil and gas plans, says minister Subscription

15 April 2014, 11:46 GMT | By

Tehran seeks the rollout of new contracts to attract overseas companies to develop oil and gas sector

Kuwait cancels tender for $1bn hospital project Subscription

15 April 2014, 11:28 GMT | By

Contract for Jahra New Hospital project in Kuwait to be awarded through ‘negotiation’

Kuwait signs $12bn-worth of contracts on Clean Fuels Project Subscription

15 April 2014, 11:04 GMT | By

South Korean firms win up to $7bn of work out of the total $12bn on the scheme

Iran faces challenge to export post-2015 gas surplus Subscription

15 April 2014, 10:29 GMT | By

Minister says export pipelines must be built to transport gas from expanded South Pars development

US firm to upgrade Basra port Subscription

15 April 2014, 9:06 GMT | By

Nawah Port Management to expand Iraqi container terminal

Saudi Aramco to retender Ras Tanura refinery expansion Subscription

15 April 2014, 8:58 GMT | By

Oil major Saudi Aramco expected to revise scope of expansion at Saudi Arabia’s largest refinery

Oman extends ban on hiring expatriate labourers Subscription

15 April 2014, 6:51 GMT | By

Government aims to create more jobs for Omani nationals

Saudi Arabia invites bids for Shoaiba 2 desalination expansion Subscription

15 April 2014, 6:50 GMT | By

Expansion of Shoaiba 2 desalination project will increase capacity by 16 million imperial gallons a day

Qatar invites bids for main packages on mega reservoirs project Subscription

15 April 2014, 6:48 GMT | By

Reservoirs will provide seven days of strategic water storage

Contractors submit bids for more Doha Metro work Subscription

15 April 2014, 5:37 GMT | By

Contracts cover elevated sections of the urban rail network

Qatar First Bank upbeat on Qatar Exchange Subscription

15 April 2014, 5:27 GMT | By

Qatar First Bank eyes listing but awaits regulatory approval

Shell and BP to supply gas to Kuwait Subscription

14 April 2014, 11:37 GMT | By

Energy majors Shell Group and BP will supply 2.5 million tonnes a year of liquefied gas to Kuwait

Up to 27 stocks could be included in emerging markets index Subscription

14 April 2014, 10:54 GMT | By

Inclusion of more stocks will drive higher weightings for UAE and Qatar

Lootah Real Estate to tender Shamal Community project

14 April 2014, 10:51 GMT | By

Project tender will entail construction of phase 1 of the Shamal Community

Dubai’s IMG World of Adventures secures billion-dirham financing

14 April 2014, 9:50 GMT | By

Theme park due to open by early 2015

Chinese to fund completion of Iran chemicals complex Subscription

14 April 2014, 9:20 GMT | By

Lordegan fertiliser chemicals project in Iran to be completed with $591m of investment from Chinese firms, claims report

Joint venture to operate Kurdistan region refinery Subscription

14 April 2014, 8:33 GMT | By

Local-Philippines joint venture will refine up to 3,500 tonnes a day of oil from Iraqi Kurdistan

Abu Dhabi to build new paper mill Subscription

14 April 2014, 8:24 GMT | By

Ittihad International Investment and ZonesCorp sign deal on 60,000-tonne paper mill

QNB Bank reports first quarter profit increase Subscription

14 April 2014, 8:15 GMT | By

Bank expected to support Qatar’s World Cup infrastructure building programme

Qatar bank gets approval to increase foreign ownership Subscription

14 April 2014, 8:14 GMT | By

Foreign investors will now be able to hold 25 per cent of Commercial Bank of Qatar’s equity

Saudi Arabia cancels IPP plans for Dhuba 1 Subscription

14 April 2014, 8:13 GMT | By ,

Project will be tendered as a standard engineering, procurement and construction contract

Saudi Arabia changes Tadawul closing price calculation method Subscription

14 April 2014, 8:11 GMT | By

Move will make market less vulnerable to speculation

Dubai airport to see reduced flights during runway project Subscription

13 April 2014, 13:39 GMT | By

Many planes to be diverted to Al-Maktoum International during 80-day overhaul

Shuaa Capital posts first-quarter profit increase Subscription

13 April 2014, 13:27 GMT | By

UAE investment bank Shuaa Capital’s success driven by capital markets growth

Drake & Scull wins new contracts in Kuwait Subscription

13 April 2014, 10:31 GMT | By

Projects include a cultural centre and healthcare facility

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