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Bahrain needs to make big spending cuts, says IMF
- Wednesday, 12 April 2017
Bahrain needs to make significant spending cuts to restore stability to its budget and improve investor confidence as the smallest economy among Gulf Arab monarchies tries to manage the impact of lower oil prices, the International Monetary Fund said.
KSA Construction Market February 2016
- Wednesday, 13 April 2016
The new report gives updates on the latest trends for the Saudi Construction market in 2016 amid falling oil prices and a slowing economy. Currently grappling with the impact of low oil prices, KSA announced a 2016 budget comprising spending cuts, subsidy overhauls, and taxation, in order to meet its financial targets.
Saudi firm signs $122.6m deal for London building
- Wednesday, 13 April 2016
The landmark property located on Trafalgar Square was purchased from German fund manager GLL Real Estate. Sidra Capital has completed the acquisition of Kinnaird House, an office block in central London, on behalf of a Saudi Arabian investor for SR460m ($122.6m).
Revealed: Will GCC construction invest in Iran?
- Tuesday, 12 April 2016
The ongoing slump in global oil prices, and its impact on state spending in the GCC, has compelled construction firms in the region to explore new geographies. Iran is rapidly emerging as a formidable option within this context.
Top ten key findings for GCC economy in 2016
- Tuesday, 12 April 2016
Low oil prices, geo-political instability and lower government expenditure are the three most important economic issues for the GCC region in 2016, according to the CFA Institute's latest survey.The global association
Saudi eyes private funds for $133bn power projects
- Monday, 08 February 2016
Saudi Arabia will require up to $133.3bn (SAR500bn) to fund its electricity projects over the next 10 years as it seeks to cope with increasing demand for power, the Kingdom's electricity and water minister said.
DEWA invests US$35.4mn in water network extension
- Monday, 08 February 2016
Dubai Electricity and Water Authority (DEWA) has awarded a contract worth US$35.4mn to extend its water network in order to meet increasing needs for water and building infrastructure HE SAEED DEWA Saeed Mohammed Al Tayer, CEO of DEWA.
Xylem announces US$35mn expansion plan in MENA
- Monday, 08 February 2016
Water technology company Xylem has announced that it will invest US$35mn in the MENA region. Xylem StandThe company plans to move to the new office in Dubai later this year, which will serve as the headquarters for its regional operations. Xylem has already invested in a number of facilities across the region, including a local manufacturing plant and offices in the UAE, Oman and Qatar.
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