MEED Insight head Ed James told the annual Arabian World Construction Summit (AWCS) in Dubai this morning that the value of new contract awards in the GCC so far this year had already reached $60bn. The largest market for new…
AWCS told that GCC projects awards could rise by 20 per cent to $178bn in 2014
MEED Insight head Ed James told the annual Arabian World Construction Summit in Dubai this morning that the value of new contract awards in the GCC could rise by 20 per cent to $178bn, a new record for the region’s…
Fear of bank sanctions is disrupting Iran food imports: Reuters
Fear among international banks about being subject to penalties for breaching sanctions against Iran are disrupting food imports into the Islamic Republic, Reuters reported on 10 May. It says that hundreds of thousands of tons of grain and sugar in…
AWCS chairman calls for GCC collaboration in delivering $1tn of megaprojects
The GCC should act now to develop a regional megaproject information and excellence centre to support more than 100 megaprojects with an aggregate value of almost $1n that are due to be delivered in the region by 2025, Arabian World…
Ras al-Khaimah gets S&P population warning: The National
Standard & Poor’s (S&) said on 8 May that it might downgrade the credit rating for Ras al-Khaimah as a result of doubts about the accuracy of population data published by the emirate, one of seven that make up the UAE,…
NBK forecasts flat Kuwait growth in 2014-15
Kuwait’s GDP will be barely changed this year and should expand by 1 per cent in 2015, the latest National Bank of Kuwait (NBK) economic report shows (see table below). GDP at current prices will be KD 50bn in 2014 and…