For full coverage of Middle East business, see MEED Iran plans to increase its power generation capacity by 35 per cent from 74GW now to 100GW in 2020, Iran’s deputy energy minister Houshang Falahatian said today during a visit to…
Day: May 30, 2016
Iran aims for 20m tourists
Deputy head of the Iran Cultural Heritage, Handicrafts & Tourism Organisation Morteza Movahed For full coverage of Middle East business, see MEED Iran’s aiming for 20m tourists in 10 years time compared with 5.2m foreign visitors in the year ending…
Egypt budget deficit to remain high
For full coverage of Middle East business, see MEED Fitch Ratings said today that it forecasts Egypt’s budget deficit will remain above 10 per cent of GDP in 2015/16 and 2016/17 due to the failure to implement fiscal reforms in…
Ooredoo A+ rating affirmed
For full coverage of Middle East business, see MEED Fitch Ratings today affirmed Qatar’s leading telecom company Ooredoo’s long-term issuer default rating (IDR) at A+ with a stable outlook. The rating affirmation reflects the continued strength of Ooredoo’s links with…
Dubai Resorts raises AED 1.7bn in rights issue
For full coverage of Middle East business, see MEED Dubai Parks & Resorts said today that it has raised AED 1.68bn from a 1.6 times oversubscribed rights issue. The company said total subscriptions were AED 2.67bn. Most of the money is…
Abu Dhabi to double industry
For full coverage of Middle East business see MEED Abu Dhabi is planning to double the contribution manufacturing makes to output to 10 per cent from 5 per cent of GDP as it seeks to diversify its economy away from…