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MEED Ltd
Company typePrivate (Ltd)
IndustryPublishing, New Media, Business News, Events
FoundedLondon, United Kingdom (1957)
HeadquartersGreater London House, London (head office), Dubai Media City, Dubai, United Arab Emirates (regional office)
Number of employees
120 (2008)
Websitewww.meed.com

MEED is a 50-year-old business intelligence tool for the Middle East and North Africa (MENA), providing analysis and commentary on Middle Eastern markets, companies and people and data and information on the regional projects market.

Current business activities

MEED Magazine

MEED publishes a business-to-business magazine for subscribers every Friday featuring news, analysis and commentary, features and interviews and a weekly special report. Circulation, according to a 2008 audit by ABC (Audit Bureau of Circulations UK), stands at 5,993. [1]

MEED has forged a reputation for breaking Middle Eastern exclusive news since its 1957 launch. When the late Rafiq Hariri drew up plans to rebuild a war-shattered Lebanon, MEED met the prime minister and asked him to explain them. [2] When Colonel Gaddafi unveiled the first part of his Great Manmade River, MEED took a front-row seat at the ceremony and quizzed the engineers. [3] While US tanks were still rolling towards Baghdad in March 2003, MEED obtained plans from Washington that described how the US was hoping to rebuild the country. [4] Three months before going public, MEED exclusively revealed DP World's IPO plans. [5] [6] [7] Abdalla el-Badri exclusively announced Opec's potential move from US dollar to euro pricing to MEED. [8] MEED broke news of Saudi Arabia moving ahead with plans for a Mile-High Tower in Jeddah [9] - which would make it the tallest tower in the world - and Nakheel's plans to create a tower over one kilometre high (then called Nakheel Tower, later announced as Dubai's Harbour Tower) to trump Emaar's Burj Dubai. [10] [11]

MEED is used as a source of Middle East information by the US and British governments - Energy Information Administration, United States Congress and the British Foreign and Commonwealth Office.

The dedication made by Abdullah II of Jordan in 2007 demonstrates MEED's positive contribution to the Middle East for over 50 years. "The celebration of this milestone is a testament to the distinguished insight into the region MEED has provided to its readers for five decades. Your acuity has recorded the region's diversity and potential, not just its challenges and crises." [12]

MEED.com

As well as publishing all magazine content, MEED.com also produces daily country and industry news, tenders, contract awards, economic data and market trends, with an emphasis on projects. Its archive dates back to 1994.

Content on the site is broken down by 14 sectors and 19 countries:

Construction, Economy, Finance, Industry, Markets, Oil & Gas, Power, Real Estate, Telecoms and Information Technology, Transport and Water

Algeria, Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Gaza/ West Bank, Qatar, Saudi Arabia, Syria, Sudan, Tunisia, United Arab Emirates and Yemen.

MEED Projects

A Middle East, North Africa and India projects tracker[13]. The index tracks more than 7,000 projects worth over $5.4 trillion. Sectors covered are alternative energy, construction, fertiliser, industrial, infrastructure, liquefied natural gas, gas processing, metal, oil and gas production, petrochemicals, power, water and waste.

MEED Insight

Tailored and off-the-shelf research reports and analysis from MEED's research team. In its 2007 Dubai real estate report, MEED said demand for residential units would continue to outstrip supply [14], meaning the boom would last until at least 2010 [15]. And in a GCC power and water report, MEED said the GCC could be facing a crisis because of a lack of investment, meaning a cost of up to $50bn for electricity and $20bn for desalination plants by 2015. [16].

MEED Events

MEED runs three summits - Arabian Hotel Investment Conference (AHIC), Arabian World Construction Summit (AWCS) and Arabian Power & Water Summit - and has more than 25 Middle East industry- and country-focused conferences in its portfolio, as well as networking clubs focusing on UAE and Qatar construction and power and water.

History

The first issue of Middle East Economic Digest (MEED) was published on 8 March 1957.

MEED's founder and driving force for the next two decades was Elizabeth Collard, a champion of Arab causes who was to become an adviser to UK Prime Minister Harold Wilson on Middle East affairs and a friend of Gamal Abdel Nasser of Egypt and King Hussein of Jordan. She also helped to establish the Council for the Advancement of Arab British Understanding (CAABU). [17]

With two part-time secretarial assistants, MEED was produced on a hand-cranked Ronco printing machine. Every Friday evening, friends and relatives would help staple and stuff envelopes with the 12-page newsletter. Lacking any editorial resources, the Middle East Economic Digest was a compilation from newspapers and other reports. Newspapers were flown in weekly from Cairo and Beirut, translated and condensed.

By the time MEED was acquired by Emap in 1986 it had a staff of 20 full-time journalists and 12 researchers and newsroom assistants to cover Middle Eastern business and project news.

In 2006 Emap Middle East also acquired business website AME Info. In December 2007, it was announced that Emap had agreed to sell its business-to-business titles including MEED to a consortium comprising private equity group Apax and the Guardian Media Group. [18]

Services

Middle East projects news, data and analysis, email newsletters, events and networking, project tracking, RSS feeds, tailored research and off-the-shelf reports and tenders listings.

References

  1. ^ ABC (Audit Bureau of Circulations UK)
  2. ^ Hariri's bold vision - MEED
  3. ^ Libya through the looking glass - MEED
  4. ^ US reconstruction plans for Iraq - MEED'
  5. ^ IPO rumours circle DP World - MEED
  6. ^ Reuters
  7. ^ Wall Street Journal
  8. ^ Opec considers switch to euro pricing - MEED
  9. ^ Hyder designing mega-tall tower - MEED
  10. ^ Nakheel increases height of tall tower to 1.4 kilometres - MEED
  11. ^ Forbes
  12. ^ King Abdullah's letter to MEED
  13. ^ MEED
  14. ^ Gulf News
  15. ^ Zawya
  16. ^ Gulf Daily News
  17. ^ Elizabeth Collard and the birth of MEED - MEED
  18. ^ "Brand Republic"
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