Friday 28 August 2015
 
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privatisation

Greek plans sale of ports, power firms, airports

Greece will move rapidly to privatise its ports, regional airports and its power grid operator under a memorandum of understanding (MOU) agreed with its international lenders. According to the 29-page MOU, a copy of which was obta

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Madinah Airport ‘precursor to privatisation in Saudi’

The recent $1.2 billion expansion of Prince Mohammad bin Abdulaziz International Airport in Madinah, Saudi Arabia is a positive move towards privatisation in the kingdom, an industry expert said. The expansion plan consists of a three-l

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Jazeera Airways bids to buy 35pc of Kuwait Airways

Kuwait’s low-cost carrier Jazeera Airways has formally submitted a letter of intent to acquire 35 per cent of Kuwait Airways, which is currently undergoing a privatisation process by the country’s government. The 35 pe

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Saudi privatisations 'may accelerate'

A new government policy-making council in Saudi Arabia may accelerate privatisations of state-owned companies, Saudi Stock Exchange chief executive Adel Al-Ghamdi said on Tuesday. The Council of Economic and Development Affairs, c

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Oman awards contract to study MEDC privatisation

Oman’s Electricity Holding Co (EHC) has awarded a contract to a consortium of advisors led by CPCS Transcom International to undertake a study for the privatisation of its subsidiary Muscat Electricity Distribution Co (MEDC), a report said

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Saudi eyes privatisation of key airports

Saudi Arabia is considering the privatisation of operations at some of its major airports, a senior official was quoted as saying. Major airports with huge domestic and international passenger traffic may soon be offered to the pr

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Saudi Arabia 'studying SWCC privatisation'

The privatisation of Saudi Arabia's Saline Water Conversion Corporation (SWCC) is being studied by the Supreme Economic Council and a decision on the matter is expected soon, Al Sharq Al Awsat newspaper reported on Monday, quoting unnamed so

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Saudi Arabia 'studying SWCC privatisation'

The privatisation of Saudi Arabia's Saline Water Conversion Corporation (SWCC) is being studied by the Supreme Economic Council and a decision on the matter is expected soon, Al Sharq Al Awsat newspaper reported on Monday, quoting unnamed so

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India kicks off privatisation drive

India's new right-wing government kicked off its troubled privatisation drive yesterday, selling a five per cent stake in the state-controlled Steel Authority of India Limited (SAIL) to generate revenue and plug a gaping budget deficit.

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Oman Air to be split up to form 3 firms

Oman plans to break up government-owned Oman Air, the country's loss-making national airline, this year, Minister for Financial Affairs Darwish Al-Balushi has said. "Oman Air is losing money, so it's going through a r

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