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 Latest Industry & Market News |
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| GCC power grid set to start trial operations |
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| The Gulf Co-operation Council Interconnection Authority will start trial operations by year-end of its $1.2bn electricity grid that will connect Arab Gulf states and help meet the region’s rising energy needs, an official said. |
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| Read
Full Story Tuesday, September 30, 2008 |
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| Qatar closes $3.32 bln Ras Laffan plant finance |
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| Qatar Petroleum has completed the financing for a $3.32 billion power and water plant in the industrial port of Ras Laffan, Qatar’s state news agency QNA reported. |
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| Read
Full Story Sunday, September 14, 2008 |
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| Alstom to build stage-3 of Shoaiba power plant in Saudi Arabia |
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| Alstom has signed a contract with the Saudi Electricity Company to build Stage-3 of the Shoaiba power plant, worth around E1.9 billion, pursuant to the letter of intent signed in June 2008. |
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| Read
Full Story Wednesday, September 03, 2008 |
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| GCC expected to channel $100bn to increase power generation within next 10 years |
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| The GCC is expected to invest close to $100bn to increase its power generation capacity within the next 10 years, as studies reveal that the six countries that comprise the GCC member states need at least 100,000 megawatts to support the power requirements of their rapidly growing economies. |
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Full Story Monday, August 25, 2008 |
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| Saudi Arabia to invest $24bn in electricity |
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| Saudi Arabia is studying a restructuring plan to develop its electricity industry and open up the electricity market to the private sector and local investors. |
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| Read
Full Story Tuesday, July 29, 2008 |
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| Bahrain is a primary option for international investors looking to establish operations in the Middle East |
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| The undisputed financial center of the Arabian Gulf region, and fast becoming the region’s knowledge-based services hub, Bahrain’s progressive outlook and international perspective are reflected in social and economic diversity. |
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| Read
Full Story Wednesday, July 16, 2008 |
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| Bahrain’s demand for power grows rapidly |
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| Bahrain’s first private sector power project commenced full commercial operation in May 2007. |
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| Read
Full Story Tuesday, July 15, 2008 |
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| Immense increase in demand for energy in the GCC countries offers great opportunities for private equity investment |
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| The population in the Arab countries is currently increasing at an average of 2.2% to 5.5% per annum. |
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| Read
Full Story Monday, July 14, 2008 |
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