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 Latest Industry & Market News |
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| Dana profits from Egypt gas output |
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| Dana Gas, the Middle East's first privately owned natural-gas production company, posted its second consecutive operating profit in the second quarter on revenue from Egyptian operations. |
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Full Story Thursday, August 16, 2007 |
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| Abu Dhabi Signs $2.8 Billion Agreement for Power Plant |
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| The government of Abu Dhabi commissioned a partnership between International Power of Britain and Marubeni Corporation of Japan for the construction of Fujairah II, an independent water and power project, the London based pan-Arab daily AL HAYAT. |
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Full Story Thursday, August 09, 2007 |
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| Emaar, Arabian BEMCO Sign Deal |
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| Emaar, The Economic City (Emaar EC), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has signed a memorandum of understanding (MOU) with Arabian BEMCO Contracting Company for installing an open-cycle gas turbine power plant in KAEC. |
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Full Story Wednesday, August 08, 2007 |
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| Qatar Denmark and India to Construct Cement Factory |
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| The head of the Qatar-based Gulf Cement, Abdullah al Misnad, announced that his company decided to construct a new cement factory for $370 million, the London based pan-Arab daily AL HAYAT reported. |
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Full Story Thursday, August 02, 2007 |
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| Emaar Signs Deal for Power Grid at KAEC |
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| Emaar, The Economic City (Emaar EC), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has signed a Memorandum of Understanding (MOU) with Siemens for setting up a 110/380KV power generation grid within KAEC. |
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Full Story Monday, July 30, 2007 |
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| Saudi Electricity Company Closes Sukuk Subscription at $1.33 Billion |
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| The Saudi Electricity Company (SEC) announced Wednesday that it closed subscription to its sukuk (Islamic Bond) issue which was heavily oversubscribed by around $1.2 billion, the Beirut based Arabic daily AL MUSTAQBAL reported. |
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Full Story Friday, July 20, 2007 |
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| Egypt and Saudi power deal part of bigger plan |
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| A deal between Egypt and Saudi Arabia that may lead to the interconnection of their electricity systems will likely provide a more stable electrical supply to Mediterranean and Middle Eastern countries, analysts told UPI. |
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Full Story Thursday, October 19, 2006 |
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| GCC electricity grid in five years |
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| The electricity grid which will connect the six GCC states is expected to be completed by 2010, according to a report by the GCC Interconnection Authority. |
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Full Story Friday, July 28, 2006 |
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