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

This Week's News from MEED

BMI Bank and Al-Salam Bank to merge Subscription

23 May 2013, 14:06 GMT | By

Merger set to create Bahrain’s third-largest lender

Inflation in Egypt to rise Subscription

23 May 2013, 13:43 GMT | By

Government’s reliance on central bank funding will further reduce low living standards

More than 90 killed in two days of bomb attacks in Iraq Subscription

23 May 2013, 12:43 GMT | By

Blasts mark deadliest spate of violence since 2011

Majid al-Futtaim acquires regional Carrefour franchise for AED2.5bn Subscription

23 May 2013, 12:42 GMT | By

Majid al-Futtaim to raise capital through hybrid bond sale

Riyadh arrests 10 more on spying charges Subscription

23 May 2013, 10:19 GMT | By

About 18 people were arrested in March as part of same case

Lifting limits on foreign ownership still on agenda, says UAE minister Subscription

23 May 2013, 9:05 GMT | By

The UAE’s Federal National Council rejected plans to change law

Casualties rise in Lebanese sectarian conflict Subscription

23 May 2013, 9:02 GMT | By

Violence in Tripoli continues to escalate

IMF warns region's oil exporters to cut back spending Subscription

23 May 2013, 8:54 GMT | By

Reforms needed to avoid risk of fiscal deficits if the oil price falls

Saudi Electricity Company seeks adviser for power programme Subscription

23 May 2013, 6:54 GMT | By

End of relationship with Citigroup prompts Saudi Electricity’s search for new consultant

Emirates NBD raises $1bn through bond sale Subscription

23 May 2013, 6:54 GMT | By

Bond proceeds will be used to boost tier 1 capital

Oman pushes ahead with power and water projects Subscription

22 May 2013, 13:50 GMT | By

Projects will provide power for industrial and residential schemes in Oman

New Saudi regulation expected to limit stock market speculation Subscription

22 May 2013, 12:00 GMT | By

Regulation set to narrow initial public offering valuation gap

Kemya launched to banks to raise funding Subscription

22 May 2013, 12:00 GMT | By

Sabic and ExxonMobil approach banks for $3.4bn expansion plan

Siemens wins Saudi power deals Subscription

22 May 2013, 9:10 GMT | By

German firm will supply gas turbines and build substation for Saudi Electricity Company

Investors move away from high yield bonds Subscription

22 May 2013, 7:42 GMT | By

Regional high yield bond coupons have halved compared to three years ago

Aramco confirms Larsen & Toubro as Midyan winner Subscription

22 May 2013, 6:22 GMT | By

Indian contractor to execute gas project in northwest of Saudi Arabia

Consultants prepare bids for Saudi Arabia-Bahrain rail study Subscription

22 May 2013, 6:21 GMT | By

Feasibility study bids for Saudi Arabia-Bahrain rail link to be submitted in June

Doha Bank to lend $1.5bn to UAE companies this year Subscription

21 May 2013, 14:13 GMT | By

Funds will mainly go towards construction, transport and real estate sectors

Kuwait replaces top executives in oil sector shake-up Subscription

21 May 2013, 13:51 GMT | By

Heads of Kuwait Petroleum Corporation’s subsidiaries replaced after sacking of CEO Farouk al-Zanki

Jordan’s Aqaba extends cruise ship terminal bid deadline Subscription

21 May 2013, 12:50 GMT | By

Request for proposal covers design and tender document preparation for cruise ship terminal

Algeria plans nuclear power plant Subscription

21 May 2013, 12:11 GMT | By

Government aims to have first nuclear plant in operation by 2025

Drake & Scull wins Saudi Arabian real estate contract Subscription

21 May 2013, 10:39 GMT | By

UAE contractor Drake & Scull to build two towers on Jeddah Corniche

Air Arabia signs aircraft financing deal Subscription

21 May 2013, 10:38 GMT | By

Funding will support acquisition of new Airbus aircraft

Oman tenders Yibal phase three depletion compression project Subscription

21 May 2013, 9:12 GMT | By

Petroleum Development Oman invites companies to bid for estimated $300m gas scheme

Dar al-Arkan share price plunges Subscription

21 May 2013, 9:11 GMT | By

Saudi real estate firm Dar al-Arkan announced it will not distribute dividend

Iraq set to award $600m housing contract Subscription

21 May 2013, 9:11 GMT | By Cathal Gormley

Project will consist of housing, retail and other facilities

Abu Dhabi plans new sustainable cities Subscription

21 May 2013, 6:27 GMT | By

Top Abu Dhabi official “100 per cent certain” of seeing Masdar 2 and 3 cities developed

Abu Dhabi outlines $90bn investment for Western Region Subscription

20 May 2013, 13:51 GMT | By

MEED’s Al-Gharbia Investment Conference to discuss priority sectors primed for investment

Sovereign wealth fund global infrastructure and property investments decline Subscription

20 May 2013, 13:42 GMT | By

Funds increasingly invest in private equity instead

Qatari entities to set up energy infrastructure fund Subscription

20 May 2013, 13:42 GMT | By

Qatar Holding, Qatar Petroleum International and Qatar Electricity and Water Company join forces to launch fund

Local developers partner with Saudi Oger to build Jeddah hotel Subscription

20 May 2013, 13:36 GMT | By

One&Only hotel will be located in the Obhur district in northern Jeddah

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Gulf Project Index

Gulf Projects Index 21 May 2013

UAE leads Gulf projects index growth Subscription

23 May 2013, 12:46 GMT

Oman and Kuwait were the only markets to record declines in index value

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