Turquoise Partners chief executive Ramin Rabii For full coverage of business events in Iran, see MEED Turquoise Partners, the Tehran-based services group, has announced it is launching an Iran-focused private equity fund in partnership with REYL Finance (MEA) Ltd, REYL…
Month: January 2016
Saudi Aramco IPO to signal Saudi openness
Saudi Aramco Chairman Khalid al-Falih at the Global Competitiveness Forum in Riyadh on 25 January. For full coverage of Saudi Arabian business events, see MEED Chairman of Saudi Aramco Khalid al-Falih said today that plans for a possible initial public…
UAE to cut energy subsidies
UAE Energy Minister Suhail Al Mazrouei For full coverage of Middle East business events, see MEED The UAE’s economic diversification strategy will be extended by removing further subsidies on energy, the federation’s Energy Minister Suhail Al Mazrouei told the World…
The Arab Spring in retrospect
This article was published by MEED in May 2011 Wishful thinking will not help the Arab uprisings May, 2011 BY EDMUND O’SULLIVAN The death toll is mounting as the reaction to Arab uprisings unfolds. Champions of change are learning that lasting…
NBK reports 8 per cent profit growth
For full coverage of Middle East business, see MEED National Bank of Kuwait (NBK) reported a 7.8 per cent growth net profits of $929.7m (KD 282.2m) in 2015 from $862.6m (KD 261.8m) in 2014. Total assets as of year-end 2015 reached…
EIA says Iran oil to rise 400,000 b/d
For full coverage of Middle East business, see MEED The US’ Energy Information Administration (EIA) said in a report issued on 22 January that Iran’s crude oil production is expected to reach 3.3m b/d at the end of 2016 and 3.7m…
IMF says Iran makes progress
For full coverage of Middle East events, see MEED The Islamic Republic of Iran has made progress in improving macroeconomic conditions in a difficult economic environment but challenges continue to lie ahead for the country in light of the recent…
In the Gulf game of nations, Iran and Saudi Arabia are well matched
Iran and Saudi Arabia are longstanding rivals — like Barcelona and Real Madrid — but they are now playing according to new rules policed by the great powers. Iran, freed from most international sanctions on 16 January, and Saudi Arabia,…
Deloitte says Dubai home deliveries to be one quarter of expectation
For full coverage of Middle East business developments, see MEED Deloitte Corporate Finance said in its second annual Real Estate Predictions Report for Dubai that the number of new homes to be delivered in the emirate in 2016 could be…
German foreign minister says Iran a stabilising force
For full coverage of Middle East business events, see MEED Germany wants to work with Iran to help calm regional conflicts and prevent tension escalating with regional rival Saudi Arabia, German Foreign Minister Frank-Walter Steinmeier told foreign journalists in Berlin on…