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News

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

This Week's News from MEED

Consortium signs Doha Metro Gold Line deal Subscription

24 April 2014, 7:42 GMT | By

Construction deal for Doha Metro Gold Line is valued at about $3.3bn

GCC could learn from problems in rapidly developed European economies Subscription

24 April 2014, 14:23 GMT | By

Region should be cautious to avoid economic imbalances, says CFA’s regional education head

Dubai issues 15-year sukuk Subscription

24 April 2014, 12:28 GMT | By

Issuance sets new benchmark for long-term financing in emirate

Kentz wins $125m manpower contract in Kuwait Subscription

24 April 2014, 9:00 GMT | By

Kentz contract awarded by US-based Fluor to supplement its work for Kuwait Oil Company

Algeria faces raft of challenges following presidential elections Subscription

24 April 2014, 8:03 GMT | By

Many Algerians opted not to vote as show of no confidence

Omantel to start trading on stock exchange Subscription

24 April 2014, 7:42 GMT | By

Government has concluded 19 per cent stake sale, raising $529m

Dubai Investments’ shareholders approve higher foreign ownership

23 April 2014, 14:03 GMT | By

Company is planning to raise foreign ownership limit to 35 per cent

Bahrain gas reserves 10 trillion cubic feet

23 April 2014, 13:22 GMT | By

Bahrain gas resources 3 trillion feet higher than previously reported

Bahrain to start drilling for deep gas Subscription

23 April 2014, 13:18 GMT | By

Bahrain operations to begin at Khuff reservoir by end of second quarter

Abu Dhabi manufacturing sector picks up Subscription

23 April 2014, 13:06 GMT | By

Flurry of new announcements point to high spending in medium-sized industrial projects

System Construct awarded Abu Dhabi polymer additives plant Subscription

23 April 2014, 12:47 GMT | By

Polysys Additive Technologies’ plant expected to be complete by the end of 2014

Iraq signs $173m drilling deals with Chinese firms Subscription

23 April 2014, 12:02 GMT | By

New wells to be drilled at Missan oil fields in east of Iraq

South Korean group sign $6bn Iraq refinery deal Subscription

23 April 2014, 10:16 GMT | By

South Korean consortium of four to build 140,000 barrel-a-day refinery in Karbala, Iraq

Iraqi firm pushes ahead with fertiliser revamp Subscription

23 April 2014, 10:01 GMT | By

Baiji fertiliser plant to be rehabilitated and expanded

Bahrain seeks interest for gas terminal Subscription

23 April 2014, 9:38 GMT | By

Liquefied natural gas terminal expected to be in operation by 2016-17

Drake & Scull wins contract for Algeria project Subscription

23 April 2014, 9:30 GMT | By

Scope of work entails building a mixed-use development in Algiers

Taqa plans to issue bond of at least $500m Subscription

23 April 2014, 8:50 GMT | By

Issue is part of refinancing of $1.2bn bond maturing in September

Still no decision on Bapco design and project management tenders Subscription

23 April 2014, 8:45 GMT | By

Bechtel and Engineers India lowest bidders for $9bn Bahrain refinery upgrade

Qatar confirms plans to open long-delayed airport Subscription

23 April 2014, 8:43 GMT | By

Hamad International to be fully open to all carriers by May

Contractor mobilises for Sheikh Zayed Road interchange

23 April 2014, 8:42 GMT | By

Bridge will provide access to Meraas’ Bluewaters island development

ADCB extends loan to support Abu Dhabi Fairmont hotel Subscription

23 April 2014, 7:43 GMT | By

Loan is for AED950m

Prysmian wins contract on Abu Dhabi’s Zakum field Subscription

23 April 2014, 7:39 GMT | By

Italian group to build cable links for submarine electrification project

Emaar Properties’ profit rises 55 per cent Subscription

23 April 2014, 7:36 GMT | By

Emaar Properties’ non-property business accounted for majority of revenues

Technip awarded design contract on Abu Dhabi’s Hail field Subscription

23 April 2014, 7:35 GMT | By

Delayed Japan-owned project moves forward with key contractors now in place

Arabian Cement Company expected to complete share offer in May Subscription

22 April 2014, 14:08 GMT | By

Arabian Cement Company offering is expected to raise about $109m

National Petroleum Services acquired by Gulf consortium Subscription

22 April 2014, 13:37 GMT | By

Fajr Capital-led group pays more than $500m for Dubai oil services company

GCC light vehicle sales expected to rise 3 per cent Subscription

22 April 2014, 12:59 GMT | By

Toyota remains top brand, but may lose some market share, says analyst

Qatar retenders design contract for World Cup stadium Subscription

22 April 2014, 12:56 GMT | By

Bidders sought for Lusail stadium project

Alba looks to improve efficiency of power plants

22 April 2014, 12:54 GMT | By

Aluminium producer targeting 50 per cent efficiency in its power plants

Saudi banks’ lending activity to drive profits Subscription

22 April 2014, 12:23 GMT | By

Banking sector posts strong first quarter results

GPIC close to securing gas for $1.7bn expansion

22 April 2014, 12:03 GMT | By

Bahrain-based fertiliser producer Gulf Petrochemicals Industry Company is expected to sign a feedstock contract

Al-Shafar wins contract for Abu Dhabi Marina project Subscription

22 April 2014, 11:57 GMT | By

Al-Shafar to build a hotel, serviced apartment building, and two residential blocks

Iraq-Turkey oil pipeline said to be unusable Subscription

22 April 2014, 11:22 GMT | By

Persistent militant attacks on the crude export pipeline have left it out of action

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