Iran gearing up after lifting international sanctions
Maye Kabil: Easing international sanctions on Iran was considered a breakthrough that will affect international markets and Middle Eastern economic balances. The deal settled last...
Saudi stock Market eyes stability and growth in 2015
RIYADH: The Saudi Stock Exchange opened to qualified foreign investors (QFI) for the first time one month ago, and is expecting increased involvement of...
Saudi Arabia issues Sovereign bonds
Saudi Arabia has issued its first sovereign bonds since 2007 to cover a budget deficit created by low oil prices, launching a series of...
Survey of old buildings to be launched in Bahrain
A survey of all Manama’s ageing buildings could soon be launched in a bid to prevent falling debris causing damage and injury.
The plan, which...
US firm wins Aramco long-term agreement
MEED: McDermott has been awarded a deal by Saudi Aramco for long-term brownfield work on various offshore fields, the US-based company confirmed.
McDermott was one...
The UAE aims to change its carbon footprint
Relentless construction, a booming aviation sector and near-permanent air conditioning: Dubai is not an obvious contender for the title of one of the world’s...
Oman awards projects & contracts up to $274m
Omani government last week awarded projects worth RO105.7 million ($274 million) including the construction of infrastructure at the new residential area in the Wilayat...
Mobily financial results
Saudi Arabia’s Etihad Etisalat (Mobily) said on Sunday that accounting changes would increase its 2014 loss by about SAR 830m ($221m) to SAR 1.745bn.The...
Dubai uses 3G technology to manage traffic congestions
Dubai’s Roads and Transport Authority (RTA) has announced the completion of connecting all traffic signals in the emirate (408 junctions) with the Traffic Control...
China’s Honghua wins Iraq drilling services contract
China-based Honghua Group, a leading global land drilling rig manufacturer, said it has entered into an agreement worth $26 million with an Iraqi firm...
logistics centre in Saudi Arabia
The Saudi Industrial Property Authority (Modon) has signed a deal with the International Dar Al Bandar Company (Arabic Landmark), to build an integrated 150,000-sq-m...
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Al Molla inspects the Suez Methanol Derivatives Plant in Damietta
Minister of Petroleum and Mineral Resources Tarek Al Molla has inspected the construction work of the Suez Methanol Derivatives Plant in Damietta...
Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...