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This Week's News from MEED

GPS consortium wins Oman oil pipeline deal

GPS consortium wins Oman oil pipeline deal Subscription

18 December 2014 | By

Work involves building refined products pipeline linking Muscat and Sohar

Fitch Ratings has maintained a stable outlook for the GCC banking industry due to the high level of sovereign support the sector receives

GCC banks maintain stable outlook Subscription

18 December 2014 | By

Sovereign support gives confidence to regional lenders, says Fitch Ratings

Tebodin acquires Emcan Consultants & Engineers

Tebodin acquires Emcan Consultants & Engineers Subscription

18 December 2014 | By

Takeover to strengthen Dutch group’s industrial buildings and infrastructure business in Saudi Arabia

Road

Cairo to Cape Town road work awarded Subscription

18 December 2014 | By

Arab Contractors take on part of ambitious African road project that plans to connect Egypt and South Africa

Mena power capacity 2012

Renewables industry not worried about oil price Subscription

18 December 2014 | By

Priority concerns are subsidies and government commitment

Oman budget

Oman State Council approves draft budget Subscription

18 December 2014 | By

Focus on corporate tax avoidance

Oil discovery

Kuwait Energy Company strikes oil in Egypt Subscription

18 December 2014 | By

Independent explorer says its Shahd-4 well has been successful

Qatari developer Ezdan has agreed to increase the company’s foreign ownership limit from 25 per cent to 49 per cent

Qatar's Ezdan to increase foreign ownership Subscription

18 December 2014 | By

Qatari Emir calls for more foreign ownership in local listed companies to boost market

Tunisia presidential elections

Tunisia prepares for presidential run-off Subscription

18 December 2014 | By

Tunisians abroad casting votes for 21 December elections

Dubai's Department of Economic Development says persistently low prices are likely to curb spending in 2016

Capital projects will suffer if oil stays at $65 Subscription

18 December 2014 | By

Dubai’s Department of Economic Development says persistently low prices could curb spending in 2016

gas flare

Egypt signs landmark gas contract Subscription

18 December 2014 | By

Apache and Shell set to invest $30-40m in Egyptian fracking project

Liquefied natural gas terminal

Morocco launches $4.6bn LNG project Subscription

18 December 2014 | By

Scheme will increase Moroccan power generation from natural gas

CI Capital, one of the largest private investment banks in Egypt, is aiming to reach first close on a $300m joint private equity fund

CI Capital to close private equity fund Subscription

18 December 2014 | By

Egyptian private investment bank targeting consumer industries

Pumping station

Delays on Musaimeer Pumping Station tender Subscription

17 December 2014 | By

Qatar expected to issue main contract tender in early 2015

Heathcare

Drake & Scull wins Abu Dhabi healthcare work Subscription

17 December 2014 | By

Abu Dhabi healthcare project secured by engineering subsidiary

Power

Fewa revises northern emirates utility tariffs Subscription

17 December 2014 | By

Revisions will increase cost of water by 0.5 fils per gallon

Dubai airport

Dubai launches 2021 vision Subscription

17 December 2014 | By ,

Plan Dubai 2021 outlines goals for the next seven years

Ali Rashid Lootah, chairman of Nakheel

Nakheel to award $2bn of construction contracts Subscription

17 December 2014 | By

Developer will focus on building assets that produce recurring revenues

The local Engineering Contracting Company (ECC) has been awarded a $147m contract for the expansion of Dubai Properties’ Remraam development

Local firm wins contract for Dubailand work Subscription

17 December 2014 | By

Engineering Contracting Company wins deal for Remraam expansion work

Abraaj partially divests stake in Integrated Diagnostics Holdings

Abraaj reduces stake in Integrated Diagnostics Subscription

17 December 2014 | By

Stake sold to emerging market investor Actis

Marubeni and Degremont consortium wins Doha wastewater deal

Consortium lands Doha wastewater deal Subscription

17 December 2014 | By

Second expansion will increase capacity of Doha West plant to 280,000 cubic metres a day

Kuwait retenders 50MW concentrated solar power plant

Kuwait retenders 50MW solar plant Subscription

16 December 2014 | By

Bids were first submitted for the project in November 2013

Gasli pipeline route

Investment decision on Algeria’s Galsi pipeline postponed Subscription

16 December 2014 | By

$3bn project delayed as shareholders wait for final government approvals

The Dubai Marina location where the Marina Gate development will be constructed

Alec wins Dubai Marina Gate contracts Subscription

16 December 2014 | By

Alec awarded first of two contracts for Marina project

Third phase of new facility for Emirates Flight Catering to be built at Dubai International airport

Habtoor Leighton in front for Emirates flight catering Subscription

16 December 2014 | By

Contract involves significant specialist work

Air separating factory

Air Liquide opens manufacturing plant in Ras al-Khaimah Subscription

16 December 2014 | By

UAE facility to produce equipment for large air separation units

Yas Mall

Aldar Properties upgraded to investment grade Subscription

16 December 2014 | By

Abu Dhabi firm’s financial profile strengthens says Standard & Poor’s

Co-generation power plant

Saudi Arabia expected to tender Fadhili IPP in 2015 Subscription

16 December 2014 | By

Request for proposals for Fadhili cogeneration plant was initially expected in September

Iraq energy EPC awards

Iraq awards design deal on critical seawater supply project Subscription

16 December 2014 | By

Austria’s ILF Consulting Engineers wins contract on two 150km pipelines

Cairo Metro

Egypt signs financing deal for Cairo metro Subscription

16 December 2014 | By

France to provide long-term loans for Cairo trains

Aramco receives revised offers for stadium building deals

Aramco receives revised bids for stadium building Subscription

16 December 2014 | By

Firms submitted original prices on 26 October

Libya

UN condemns escalating violence in Libya Subscription

16 December 2014 | By

The North African country sees a third day of fighting over oil terminals

Construction projects

Fitch sees the GCC playing a bigger role in Egypt projects market Subscription

16 December 2014 | By

UAE and Saudi companies expected to be heavily involved in new infrastructure schemes

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