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UAE Business, Oil, Gas and Energy News May 2015

Abu Dhabi oil’s pivot to Asia
18 May 2015 | By Mark Watts
South Korea takes first stake in major oil concession as part of a growing interest of Asian companies in UAE production

Emirates airline
Emirates rises on falling oil
12 May 2015 | By Richard Thompson
Strong financial performance lifts carrier’s mood as it seeks to tackle head on the accusations of unfair government support by US rivals

Projects due for award in next 12 months
Projects market loses its momentum
12 May 2015 | By Mark Watts
While essential schemes are still likely to move forwards, the drop in oil prices means projects that are more speculative could be put on hold

Flanagan: I knew Emirates was going to grow
Obituary: Maurice Flanagan
12 May 2015 | By Austyn Allison
The former executive vice-chairman of Emirates airline talked to Austyn Allison in January about the carrier’s spectacular growth through the years. He passed away on 7 May

Top 10 contractors and EPC spend by country
Oil price drop reshapes top 10 contractors
11 May 2015 | By Kevin Baxter
The decline in oil prices has led to a slowdown in project spending in the region, meaning MEED’s annual contractor survey has seen a big shake up this year

Forum: Buamim leads the delegation in Bratislava
Interview: Hamad Buamin, President and CEO, Dubai Chamber
5 May 2015 | By Colin Foreman
The Czech and Slovak republics have been identified as target markets for trade with Dubai. Colin Foreman reports from Prague and Bratislava

Sultan bin Saeed al-Mansouri, UAE Economy Minister
Interview: Sultan bin Saeed al-Mansouri, UAE Economy Minister
5 May 2015 | By Colin Foreman
The fall in oil prices has reinforced the UAE’s commitment to economic diversification

UAE infographic
UAE still exposed to crude market
5 May 2015 | By Mark Watts

Dubai contract awards
Dubai counters market inertia with new projects
4 May 2015 | By Colin Foreman
As the emirate’s property market slows down, government clients have been busy driving forward projects, led by Expo 2020-related schemes

Contractors push for more design-and-build schemes
4 May 2015 | By Robert Jones
International contractors want more clients to award design-and-build deals for their major projects