Saturday 10 December 2016
 
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privatisation

Kuwait mulls privatisation of oil services sector

Kuwait is mulling the privatisation of its oil services sector, a senior finance ministry official said on Tuesday, although any such plans would not include the Gulf Arab state's production capability.   The

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Kuwait mulls privatisation of oil services sector

Kuwait is mulling the privatisation of its oil services sector, a senior finance ministry official said on Tuesday, although any such plans would not include the Gulf Arab state's production capability.   The

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Saudi eyes privatising postal system by early 2017

Saudi Arabia is likely to start privatising its postal system by early next year, telecommunications minister Mohammed al-Suwaiyal said, in a test case for a series of state asset sales. Under economic reforms announced this week,

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Agility may bid for Kuwait airport management

Kuwait's Agility, the largest logistics company in the Gulf, will be interested in bidding for Kuwait's airport and ports if their management is offered for privatisation, the chief executive Tarek Sultan said on Wednesday.

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Irish firm wins bid for Riyadh's Terminal 5

Irish firm daa International has won a major contract to manage and operate the new Terminal 5 facility at Saudi Arabia’s King Khaled International Airport (KKIA) in Riyadh. Daa International was chosen to operate the new 106,500-

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Saudi to privatise Jeddah, Dammam airports in 2017

Saudi Arabia's civil aviation authority will privatise Jeddah and Dammam airports in 2017, the regulatory said on Tuesday. Foreign companies will be allowed to invest in the airports being privatised without the need for local partn

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Saudi plans spending cuts, reforms to cut huge deficit

Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy subsidies and a drive to raise revenues from taxes and privatisation. The 2016 budget,

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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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