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Industry News & Analysis

News

Sabic reports first quarter profits of $1.71bn Subscription Required

20 April 2014, 14:24 GMT | By Kevin Baxter

Net income down by 1.9 per cent year-on-year, but up 3.7 per cent quarter-on-quarter

Sabic joint venture asks for revised bids on $500m scheme Subscription Required

15 April 2014, 14:19 GMT | By Kevin Baxter

Contractors to submit new prices after clarification meetings for new petrochemicals plants in Saudi Arabia

Maaden net profit drops by 48 per cent Subscription Required

15 April 2014, 13:52 GMT | By Kevin Baxter

Falling commodities prices cited for lower than forecast profits by Saudi mining company  

United Iron & Steel Company to invest $138m in UAE rolling mill Subscription Required

15 April 2014, 12:14 GMT | By Mark Watts

Abu Dhabi complex to produce 300,000 tonnes a year of steel coils

Chinese to fund completion of Iran chemicals complex Subscription Required

14 April 2014, 9:20 GMT | By Mark Watts

Lordegan fertiliser chemicals project in Iran to be completed with $591m of investment from Chinese firms, claims report

Abu Dhabi to build new paper mill Subscription Required

14 April 2014, 8:24 GMT | By Mark Watts

Ittihad International Investment and ZonesCorp sign deal on 60,000-tonne paper mill

UAE issues new law to promote SMEs Subscription Required

13 April 2014, 10:30 GMT | By Mark Watts

Decree improves access to federal government contracts and provides tax breaks

UAE completes aluminium merger Subscription Required

8 April 2014, 7:19 GMT | By Mark Watts

New company Emirates Global Aluminium becomes world’s fifth-largest producer

Tecnimont-Archirodon consortium selected for Egypt cracker complex Subscription Required

7 April 2014, 13:29 GMT | By Mark Watts

Carbon Holdings awards contract valued at $1.7bn-1.95bn to build utilities and offsite facilities

Umm al-Qura Cement receives regulatory approval for listing Subscription Required

7 April 2014, 8:54 GMT | By Melissa Song Loong

Demand for cement in Saudi Arabia expected to rise in second quarter

Alpen Capital appointed financial adviser for UAE fertiliser scheme Subscription Required

3 April 2014, 9:13 GMT | By Mark Watts

India’s Zuari Agro Chemicals plans to invest $900m in UAE diammonium phosphate plant in Ras al-Khaimah

Qatar to expand cement operations Subscription Required

2 April 2014, 14:13 GMT | By Mark Watts

Qatar National Cement Company signs deal for fifth production line

Yemen cement expansion put on hold Subscription Required

2 April 2014, 13:59 GMT | By Mark Watts

Al-Barah project suspended due to political instability

Oman invites financial adviser bids on Sohar petrochemicals complex Subscription Required

1 April 2014, 11:48 GMT | By Mark Watts

Interested companies given 6 May deadline to submit proposals on $3.6bn Sohar petrochemicals project

Lukoil studies Iraq petrochemicals plant Subscription Required

1 April 2014, 10:43 GMT | By Adal Mirza

Lukoil feasibility study under way in Iraq for methane and methanol production from associated gas

Abu Dhabi prepares to tender major food production facility Subscription Required

31 March 2014, 7:28 GMT | By Mark Watts

National Food Products Company designing “mega facility” at Kizad

WorleyParsons wins Oman petrochemicals contract Subscription Required

30 March 2014, 11:17 GMT | By Mark Watts

Australian group to oversee development of polyester chemicals complex in Sohar

Carbon Holdings aims to complete Egypt cracker financing by year-end Subscription Required

25 March 2014, 9:59 GMT | By Mark Watts

Private company aims to raise about $1bn from market after completing deals with banks and strategic partners

Liquefied natural gas imports in Middle East expected to surge Subscription Required

24 March 2014, 11:09 GMT | By Mark Watts

Liquefied natural gas imports to more than double to 13 million tonnes a year by end of decade, says consultant

Egypt ammonium nitrate plant due for completion in 2014 Subscription Required

24 March 2014, 10:40 GMT | By Adal Mirza

Facility will be the first to produce the chemical in the Middle East and North Africa region

Comment

Dubai

SMEs to become more competitive

14 April 2014, 9:57 GMT | By Melissa Song Loong

Several planned initiatives should improve conditions for SMEs

Refinery

Chemicals plan hits fuel hurdle

3 April 2014, 15:21 GMT | By Kevin Baxter

A planned oil-to-chemicals project in Yanbu has huge potential, but could be derailed by the amount of subsidised fuel it needs for power

Gasification

Jizan success to attract investors

27 March 2014, 14:33 GMT | By Kevin Baxter

While the gasification scheme is expensive, it could end up paying for itself very quickly

Change: Riyadh needs to coordinate its approach

Rebooting the industrial plan for Saudi Arabia

13 March 2014, 16:45 GMT | By Richard Thompson

Saudi Arabia is embarking on the next phase of its industrialisation and will have to ensure development agencies are working in harmony

Petrochemicals

Firms line up for Al-Karaana complex

20 February 2014, 16:15 GMT

Petrochemicals scheme will be followed by a near-identical project. Focus will switch to the football World Cup after projects are finished

Food security

Gulf must rethink Africa food investment

20 February 2014, 15:46 GMT

If Gulf countries can invest in Africa at the same time as growing food, they may get a warmer welcome  

Steel

Qatar committed to Algeria plant Subscription Required

30 January 2014, 13:59 GMT | By Kevin Baxter

Joint-venture partners press ahead with $3.2bn steel facility and open doors for other investors

Analysis

World sugar output 2010-11

Oversupply dampens sugar outlook Subscription Required

3 April 2014, 8:13 GMT | By Mark Watts

Regional producers are facing low prices, slowing demand growth and new competition

Next stage: The second phase of the kingdom’s downstream industry will be much more complex

Rethinking Riyadh’s industrial plan Subscription Required

13 March 2014, 16:45 GMT | By Richard Thompson

Senior voices in Saudi Arabia say a new approach to developing the downstream sector must be adopted

Kuwait

Kuwait’s year of progress Subscription Required

20 February 2014, 14:45 GMT | By Adal Mirza

A new parliament has meant several high-profile contracts have now been awarded in the country

MEED Quality Awards

Deadline nears for MEED Quality Awards for Projects entries

21 January 2014, 5:48 GMT

The awards will once again look to recognise the projects executed with the highest quality

MEED Quality Awards

Focus returns to quality projects

2 January 2014, 11:36 GMT

The MEED Quality Awards for Projects will once again look to recognise the projects executed with the highest quality

Steel demand

Steel sector to see rising demand Subscription Required

31 December 2013, 8:47 GMT | By Kevin Baxter

Higher public spending is set to spur growth in demand, but challenges threaten the industry’s potential

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