Al Bustan Palace, Oman. 27 October 2014. The annual MEED Oman Projects conference was told today that lower oil prices will increase pressure for the government to borrow and privatise as it seeks to maintain investment in major infrastructure projects.…
Tag: MEED
MEED MENA Rail & Metro Summit told Dubai Metro prepares for 1m passengers on New Year’s Eve
Conrad Dubai, 21 October 2014. The MEED MENA Rail & Metro Summit was told this morning that the Roads & Transport Authority (RTA) is preparing to accommodate up to 1m passengers on New Year’s Eve. About 700,000 people used the…
MEED MENA Rail & Metro Summit told the UAE could finalise federal railway law in 2015
Conrad Dubai, 21 October 2014. The annual MEED MENA Rail & Metro Summit was told this morning that the draft UAE railway law which will include creating a national railway commission could be finalized in 2015. “The draft law takes…
MEED MENA Rail & Metro Summit told there are $300bn worth of rail and metro projects in the Middle East
Conrad Dubai, 21 October 2014. The annual MEED MENA Rail & Metro Summit was told this morning that a total of $300bn worth of rail and metro projects are under way or planned in the Middle East & North Africa…
MEED conference told Riyadh’s population could hit 10m people in less than 20 years
The population of Riyadh, capital of Saudi Arabia and Arabia’s largest city, could hit 10m in less than 20 years if present growth rates continue, the MEED Saudi Mega Transport & Infrastructure Conference was told today. JLL national director and…
Qatar real GDP growth to rise to 7.8 per cent in 2016: QNB
Qatar’s inflation-adjusted GDP growth will accelerate to 7.8 per cent in 2016 from 6.8 per cent this year on increases in capital spending and other non-oil factors, the September edition of Qatar National Bank’s Qatar Economic Insight says. “Qatar’s economy…
Dubai races to complete tram system for November opening
In November 2014, Arabia’s first tram system will start operating in the city of Dubai to start a new era for Middle East mass passenger transport. Dubai’s Road & Transport Authority (RTA) is racing to ensure trams will be running…
Saudi economy remains robust, surpluses continue: Jadwa
The Saudi economy is continuing to grow robustly and surpluses in the both the budget and the current account will continue in 2014, according to the July economic report published today by Saudi Arabia’s Jadwa Investment. “The economy was robust…
Kuwait inflation nears 3 per cent in May
Kuwait’s annualised consumer price inflation rose to almost 3 per cent in May, according to a report published today by National Bank of Kuwait. “Inflation in the consumer price index rose from 2.7 per cent year-on-year in April, to 2.9…
Baiji industrial complex too important for Baghdad to lose
The government of Iraq, working closely with US military advisers deployed this week at the request of embattled Iraqi Prime Minister Nouri al-Maliki, will act quickly to recapture the Baiji refinery and power complex, security specialists in Dubai have told…