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Sabic's fourth quarter net profit declines

Profitability impacted due to sharp decline in lower average sales prices, especially, in metals segment

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Saudi Arabia invites bids for first major renewables projects

Projects will be developed under the independent power producer (IPP) model

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PPP model offers solutions for Oman’s real estate market

Subsidy cuts and economic reforms come as the government looks at ways to limit public spending amid falling oil prices

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Retail in need of therapy

Growth looks certain to slow down in the Saudi retail market, with declining confidence and rising costs

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Shaking up the status quo

The recently announced series of economic reforms looks to set the tone for the future direction of the kingdom’s current leadership

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Audit Bureau rejects Kuwait airport award

Turkish/local joint venture offered $4.3bn for Terminal 2

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Daimler to open Iran office in first quarter

Production and sales of Mercedes-Benz trucks to begin within the year

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Saudi Arabia slashes advanced payments

Finance Ministry has reduced payments and also specified they should not exceed SR50m

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Abu Dhabi assessing bids for $3bn refinery project

New facilities at Ruwais refinery will process crude from offshore fields

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Efficiency, competitiveness and business key for Saudi economic agency

The Council for Economic & Development Affairs (CEDA) was formed in 2015

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Bahrain invites bids for Tubli sewage plant expansion

Expansion project will double capacity of existing wastewater plant

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Saudi Arabia to develop PPPs for education

 Move to improve the quality of learning could revolutionise kingdom’s education system

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Aramco CEO expects 'price adjustment' at the end of 2016

State oil major predicts higher demand for oil will lead to adjustment at year-end

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GE wins Iraq power contract

US firm will install equipment at 10 sites around the country

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Gulf Petrochem set to tender oil storage expansion

UAE group to add new capacity at its Fujairah operation

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Italian export credit agency inks Iran deal

Agreement covers claims paid by Sace to Italian companies after sanctions were imposed

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Aldar seeks contractors for Abu Dhabi towers

Twin towers will be built on Reem Island

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Kuwait extends bid deadline for power plant expansion

Project will extend capacity of existing Subiya facility by 750MW

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Nakheel awards Palm Gateway contract

Chinese and South Korean contractors to work on the project

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Nakheel profits dip in fourth quarter of 2015

Full year profits rise by 19 per cent

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