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Latest News from MEED

The Saudi Stock Exchange (Tadawul)

Tadawul sees improved chance of MSCI index inclusionSubscription

4 May, 2016 By

Biggest bourse in GCC says settlement system changes increases inclusion possibility

Saudi Stock Exchange (Tadawul)

Saudi Arabia lowers stock investment restrictionsSubscription

4 May, 2016 By

Market regulator reduces criteria of assets under management for institutional investors to attract investments

Ras Tanura refinery

Saudi Aramco awards Ras Tanura clean fuels contractsSubscription

3 May, 2016 By

Local group will carry out early works and site preparation for major downstream scheme

Saudi Binladin Group

Minister says labour crisis at Saudi Binladin Group will be resolvedSubscription

3 May, 2016 By

Kingdom’s Labour Minister says some workers will start getting salaries from this month

Reverse osmosis desalination plant

Developers invited to prequalify for UAE private water plantSubscription

3 May, 2016 By

Independent water project will have capacity of 45 million imperial gallons a day

Petrochemicals industry

PetroRabigh shelves two petrochemicals plantsSubscription

3 May, 2016 By

Two of three clean fuels scheme packages cancelled following bid submission

Roads

Saudi Aramco evaluating bids for infrastructure worksSubscription

3 May, 2016 By

15 contractors submitted bids for construction package

Sulphur facility

Kuwait prequalifies contractors for sulphur-handling facilitySubscription

3 May, 2016 By

More than 20 companies are eligible to bid

Gas storage tanks and pipelines

Penspen wins Abu Dhabi oil terminals contractSubscription

3 May, 2016 By

UK-based group will provide detailed engineering on upgrade and modification projects

Kuwait City

US consultancy wins Kuwait project management dealSubscription

3 May, 2016 By

Contract signing expected in May

Cairo

Egypt postpones monorail schemeSubscription

3 May, 2016 By

Two groups said to have submitted offers in 2015

Road projects in Kuwait

Kuwait awards $256m road projectSubscription

3 May, 2016 By

Contract is for one segment of the 30-kilometre upgrade of Al-Ghouse Road

Business Bay Dubai

Contractors invited to bid for another Dubai towerSubscription

3 May, 2016 By

Developers in the emirate are driving ahead with new projects

Dubai International Financial Centre (DIFC)

PwC acquires UAE consulting firmSubscription

3 May, 2016 By

Construction disputes have increased with tighter budgets and more competitive procurement processes

Hamad International airport in Doha, Qatar

Qatar gives airport construction bidders more timeSubscription

3 May, 2016 By

Closing date is now in mid-May

Oman extends bid deadline for water distribution deal

Oman sets new water transmission prequalification deadlineSubscription

3 May, 2016 By

Contractors are now preparing to submit documents at the end of May

Retail

Dubai denies penalty for negative comments on economy Subscription

3 May, 2016 By

Government says no entity can penalise expression of opinion

SCZone development area

Russian companies show interest in proposed industrial zoneSubscription

3 May, 2016 By

The 2 million square metre Russian industrial zone will service industries such as engineering, machineries, ship manufacturing and foods

Refinery

Bangladesh asks Kuwait for $1bn in downstream investmentSubscription

3 May, 2016 By

Request comes during three-day visit by Kuwaiti Prime Minister Sheikh Jaber al-Mubarak al-Sabah

Bridge being constructed

Saudi Aramco awards construction contractSubscription

2 May, 2016 By

Sixteen firms had submitted bids for project in Eastern Province

Saudi construction

Saudi Binladin says it paid workersSubscription

2 May, 2016 By

Kingdom’s biggest contractor says it will honour commitments if further job cuts are made

Airport control tower

Saudi airport PPP postponed Subscription

2 May, 2016 By

Project reached prequalification stage in February 

Saudi housing

Riyadh aims to increase homeownershipSubscription

2 May, 2016 By

There are 750,000 families eligible for public housing across the kingdom’s urban areas

Ajman Bank raises $155m Islamic loan

Difficult 2016 for GCC banksSubscription

2 May, 2016 By

Lenders struggle to maintain profits during first quarter

Abu Dhabi

Abu Dhabi receives bridge construction bidsSubscription

2 May, 2016 By

Contractors submit offers for new road link connecting islands

Riyadh Metro

Riyadh Metro tenders operation and maintenance contractSubscription

2 May, 2016 By

Firms prepare to submit offers by mid-October

Kuwait road

Kuwait tenders northern road projectSubscription

2 May, 2016 By

Scope is for one segment of northern regional road

Dubai tenders Al-Maktoum airport terminal expansion

Dubai sets new airport tender deadlineSubscription

2 May, 2016 By

Work covers infrastructure at Al-Maktoum International airport

Mirdif City Centre mall in Dubai

Majid al-Futtaim plans $714m Oman mallSubscription

2 May, 2016

Developer says it plans to invest $1.3bn in the Sultanate

Lafarge signs waste agreement with Orascom

French company wins Oman waste management contractSubscription

2 May, 2016

International firm will work with local partner to deliver waste services

Emaar Properties

Emaar records positive first quarter resultsSubscription

2 May, 2016 By

The company has attributed this increase to “significant progress in the construction of its projects”

Water storage

Saudi National Water Company replaces CEOSubscription

2 May, 2016 By

Desalination head makes lateral move

Oil sector

Taqa mulls offloading foreign assets to a state entitySubscription

2 May, 2016 By

The company has an agreement with a related party which would buy all its oil and gas assets