UAE’s real estate market continued to lead the GCC real estate market in the first quarter of 2014 with residential sales prices rising by 30 per cent in Dubai in the year ending March, according to a report published yesterday…
Tag: MEED
Kuwait real estate sales 24 per cent up year-on-year in May: NBK
Kuwait’s real estate market booming and sales in May were almost one-quarter higher than in the same month of 2013, according to the weekly economic report by the National Bank of Kuwait (NBK). “Sales were up from a year ago,…
Fitch affirms Bahrain at BBB with stable outlook
Fitch Ratings today affirmed Bahrain’s long-term foreign currency issuer default rating (IDR) at BBB and local currency IDR at BBB with a stable outlook. The issue ratings on Bahrain’s senior unsecured foreign and local currency bonds have also been affirmed…
Fitch affirms Kuwait at AA with stable outlook
Fitch Ratings today affirmed Kuwait’s long-term foreign and local currency issuer default ratings (IDR) at AA with a stable outlook. “Kuwait’s exceptionally strong sovereign balance sheet is the key support for the ratings,” Fitch said in a statement. “Very high…
KRG denies report of cut-price oil and says exports to double “within weeks”
The Ministry of Natural Resources of the Kurdistan Regional Government (KRG) today issued a statement denying a report that it is selling cut-price oil. It described a story by Bloomberg news agency on 19 June about KRG oil as being…
MEED Kurdistan Projects conference told Iraqi Kurdistan oil output ready for take-off
The long-awaited boom in Iraqi Kurdistan oil production has begun and will reach an initial climax at the end of 2015 when export capacity is forecast to hit 1m barrels a day (b/d), the MEED Kurdistan Projects conference was told…
Erbil Stock Exchange to open in third quarter and aims to list 10 by year-end, MEED meet told
The Erbil Stock Exchange, the first equities market in Iraqi Kurdistan, is due to open in the third quarter of 2014 and hopes to have 10-15 companies listed by the end of the year, Erbil Stock Exchange chairman Abdullah Abdulraheem…
MEED conference told KRG aims for electricity capacity of at least 6GW by start of 2016
The electricity generation capacity in Iraqi Kurdistan should grow by at least one quarter by the start of 2016 to meet soaring demand in the region, the MEED Kurdistan Projects conference in Erbil was told today. “We are striving to…
MEED conference told that capital spending remains top budget priority for KRG
Spending on development projects will continue to secure a significant share of the Kurdistan Regional Government’s (KRG’s) annual budget and the government is open to public-private partnership (PPP) proposals to help finance its $30.5bn capital investment programme for 2013-20, the…
MEED conference told Carrefour to open two more Iraqi Kurdistan stores
Carrefour of France plans to open hypermarkets in Sulaimaniyah and Dohuk in Iraqi Kurdistan, Carrefour Iraq country manager Alain Enjalbert told the MEED Kurdistan Projects conference in Erbil this afternoon. Carrefour’s first mall in the region was opened in Erbil…