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Industry News & Analysis

Wheat

Egypt cancels wheat tenderSubscription

Country is the world’s largest importer of wheat

Baghdad

Iraq to build wall around Baghdad to repel Isis Subscription

Work has started on 65-kilometre stretch of the wall

Airport control tower

Iran signs $45bn of deals on Rouhani's Europe tourSubscription

President oversees agreements in aviation, automotive, steel and hydrocarbons sectors

Peugeot factory

Peugeot signs deal to make cars in IranSubscription

French group pulled out of Iran in 2012 as sanctions intensified

Steel production

Italian firm signs $6bn of Iran dealsSubscription

Firm forms joint venture and secures orders for supply of machinery and plants 

German auto manufacturer Daimler

Daimler to open Iran office in first quarterSubscription

Production and sales of Mercedes-Benz trucks to begin within the year

Maaden is expected to make a decision by the end of September on the last two remaining technical packages for its $7bn phosphates city at Waad al-Shamal

Maaden closes refinancingSubscription

Phosphates subsidiary refinanced on better terms

Petrochemicals industry

Energy subsidy reform to hit Saudi chemicals producersSubscription

Petrochemicals companies expect production costs to increase by at least 5 per cent

Mining

Maaden subsidiary to get loans for chemicals plantsSubscription

Saudi Industrial Development Fund will provide four separate credit facilities

Mining & Metals

Oman sets up mining investment companySubscription

Sovereign wealth funds commit capital

Oman plans early 2015 tender for polyester complex

Bids submitted for Oman polyester plantSubscription

Ompet receives proposals for Sohar petrochemicals project

Glass manufacturing

Qalaa exits glass companiesSubscription

More divestments under negotiation

The GCC steel industry has entered a new phase

Iran plans to double steel capacity in 10 yearsSubscription

Khouzestan Steel aiming to complete expansion in 2017

Steel industry

Middle East steel industry in turmoil, says Emirates Steel CEOSubscription

Companies could go out of business as cheap imports drive down regional prices

Steel

Saudi demand for steel to slow in line with constructionSubscription

Annual growth of 2.6 per cent expected over the next decade

Philippa Wilkinson

GCC gets serious on subsidiesSubscription

After years of debate, the region’s governments are finally cutting subsidies, but the timing is poor

Philippa Wilkinson

Saudi Arabia's aid to EgyptSubscription

Egypt’s support for Saudi Arabia’s Islamic coalition coincides with a major aid package