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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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        JGC lands $3.7bn Iraq refinery upgradation project deal

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        France to help Iraq generate electricity, will invest in education, science: Macron

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Qatar’s hospitality sector peaks despite turbulent 2020

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          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

          MAFWR, Port of Duqm sign MoU

          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Mideast airlines may require 2,610 jets worth $550 billion over 20 years, says Boeing

              Gulf Times

              September 26, 2013
              in Transport & Logistics
              0

              The Middle East region is expected to require some 2,610 jetliners valued at $550 billion, Boeing said in its latest 20-year outlook for commercial aviation.

              Globally, Boeing forecasts a $4.8 trillion market for jet transport over the next 20 years.

              The Middle East's financial institutions in 2013 continue to surpass expectations for new delivery financing of Boeing commercial airplanes, the aircraft maker reported at its annual financiers and investors' conference for the Middle East, Africa and South Asia region in Dubai.
              The positive trend comes as global jet makers expect record deliveries in 2013, with Middle East support for US-built jetliners doubling between 2011 and 2012 to approximately $6.4bn.

              "From the time historically when Middle East institutions funded about one-fifth of the region's deliveries with their own capital, this year we expect to have two-thirds of Boeing deliveries here covered, which is a 7% increase over 2012's explosive growth," said Rich Hammond, a senior director of Boeing Capital Corp, the manufacturer's financing and leasing unit and an event co-host.

              Boeing told the audience of some 150 commercial bankers and investment officials that the region's increased investor interest in aircraft is helping offset adjustments from other primary funding sources. These include limits on bank lending from new global regulations taking effect and higher fees for jetliner export credit agency financing that occurred globally in 2013.

              "In today's more globally diversified pool of commercial banks, the Middle East is rivaling support for our products from the likes of other economic powers," Hammond said.

              Aircraft financing is seeing a major surge in support from the capital markets, where airline bond issuances, backed by new and used aircraft assets, are many times oversubscribed and pricing at record-low rates.

              While previously limited primarily to US carriers due to strong lender protections in place there, aircraft bond deals have completed successfully in Canada, Europe and the Middle East, and more are expected.

              "There's keen interest by Middle East banks to work with the capital markets to help originate and syndicate regional aircraft financing opportunities, and Boeing's working together with financial institutions here on structures that will facilitate such opportunities," said Kostya Zolotusky, Boeing Capital managing director for capital markets development and leasing.

              As an example, Boeing will host the region's first-ever capital markets summit, in Dubai, next month.

              "Boeing's relationships in the region run long and deep, and it's exciting that mutual interest in aircraft financing is providing us many new partnering opportunities as we to bring together the relevant participants," said Jeffrey Johnson, president of Boeing Middle East, who will co-host the markets summit. Boeing sees increased investor appetite for expanding deliveries outside of the Middle East region.

              Boeing's relationship with the Middle East extends back to 1945. Since then, Boeing has established numerous regional offices, first in Riyadh in 1982, then a dedicated Boeing Defence, Space & Security office in Abu Dhabi in 1999, a regional headquarters in Dubai in 2005 and a new office in Doha in 2010.

              The tailfin of a Boeing 787 Dreamliner is seen on display at the Dubai Air Show (file). Boeing has said the Middle East's increased investor interest in aircraft is helping offset adjustments from other primary funding sources.
              Gulf Times
              26 September

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