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Latest News from MEED

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

Saudi soldiers

Saudi Arabia offers ground troops in SyriaSubscription

7 February, 2016 By

The use of ground troops has been discussed in the past

Gas plant

Abu Dhabi invites bids on gas processing plantSubscription

4 February, 2016 By

Facility to handle associated gas from Al-Dabbiya oil field

Petrochemicals plant

Liwa Plastics looks for February financing closeSubscription

4 February, 2016 By

Orpic escapes liquidity squeeze

Desalination facility

Bid deadline extended for Jeddah desalination plantSubscription

4 February, 2016 By

Facility will have total capacity of 400,000 cubic metres a day

Power plant

Oman seeks consultants for Ibri-Sohar IPPSubscription

4 February, 2016 By

Firms have been invited to submit proposals for supervisory role

Al-Reem Island

Firms prepare to submit Abu Dhabi mall bidsSubscription

4 February, 2016 By

Retail development will be built on Reem Island

Wheat

Egypt cancels wheat tenderSubscription

4 February, 2016 By

Country is the world’s largest importer of wheat

Dubai International airport

Major GCC airports post record passenger growth Subscription

4 February, 2016 By

Airports report double-digit increases in 2015

Gas terminal

Development banks lend on Egyptian hydrocarbons storage Subscription

4 February, 2016 By

Gas import infrastructure project has secured finance

British Airways

British Airways to resume flights to IranSubscription

4 February, 2016 By

Six flights a week to start in the summer

Dubai International Financial Centre

Barclays cuts 150 jobs in UAE corporate banking armSubscription

4 February, 2016 By

British bank the latest lender to reduce staff in the country amid economic slowdown

Baghdad

Iraq to build wall around Baghdad to repel Isis Subscription

4 February, 2016 By

Work has started on 65-kilometre stretch of the wall

Oil rig

Six Opec members agree to emergency meeting, says VenezuelaSubscription

4 February, 2016 By

Two non-member states have also agreed to attend meeting if it is called

Venezuela’s Minister of Petroleum Eulogio del Pino

Venezuela to push Gulf states for oil production cutsSubscription

4 February, 2016 By

Venezuelan oil minister Del Pino is expected to push for an agreement on cutting production

Nakheel's Palm Jumeirah

Nakheel profits dip in fourth quarter of 2015Subscription

4 February, 2016 By

Full-year profits rise by 19 per cent for Dubai developer

Syrian refugee children at the Al-Zaatari refugee camp in the Jordanian city of Mafraq

Jordan appeals for help to handle refugeesSubscription

4 February, 2016 By

Country has received 600,000 UN-registered Syrian refugees

Gas storage tanks

Algeria asks contractors to prequalify for $1bn gas plantSubscription

3 February, 2016 By

Facility is due to be constructed at Rhourde el-Baguel oil field

Nakheel Nad al-Sheba

Local developer tenders Dubai villasSubscription

3 February, 2016 By

Nakheel invites contractors to submit bids for 133 villas

UK firm wins Al-Maktoum airport contract

Dubai receives bids for Al-Maktoum airport expansionSubscription

3 February, 2016 By

Contract covers work on the existing passenger terminal

Soldiers in the Iraqi army

Baghdad forced to withdraw forces in Iraq’s southSubscription

3 February, 2016 By

Pressure from Shia militias sees troops removed from oil-rich region that surrounds Basra 

UAE finance

Union Properties in discussions for loanSubscription

3 February, 2016 By

Developer still seeking finance for four projects

Possible end in sight for Iran rail projects funding drought

China commits $500bn to Iran over 10 yearsSubscription

3 February, 2016 By

Rail projects a priority to promote trade with Iran and neighbours

Egypt farm

Egypt plans to set up commodities exchangeSubscription

3 February, 2016 By

Egypt is currently the world’s largest importer of wheat

Oil derricks

Six jailed in Algerian oil company corruption trialSubscription

3 February, 2016 By

Crimes relate to awarding of Sonatrach contracts