Issue 1174 PDF: Turkish relations to the fore as Kurdistan government runs out of oil money

Issue 1174 - 27 Jul 2023

Turkish relations with the Kurdistan Region of Iraq are a focus for GSN 1,174, as the Kurdistan Regional Government attempts to secure workable energy, economic and security relations – and especially to reopen the Iraq-Turkey Crude Oil Pipeline – while President Recep Tayyip Erdoğan is expected in Baghdad.

The UK's tightening of sanctions on the Iranian regime is put under a critical spotlight, as GSN presents London's new measures and complaints they don't go far enough. Meanwhile, Iran's deal with Russia to obtain combat aircraft seems to have come unstuck – just at a moment when the United States is building up its forces in the Gulf back to pre-Trump levels. 

GSN explores the Saudi Public Investment Fund's deal with the US PGA Tour, giving details of the controversial deal and the people instrumental in making it, while GSN view argues the PIF-led economy is not performing to the hoped-for Vision 2030 levels.

Energy and Industry leads with GSN’s continued coverage on connections between the UAE and African resources industries – including mining in Democratic Republic of Congo, where state minister for foreign affairs Sheikh Shakhbut Bin Nahyan Al-Nahyan has been promoting Emirati ambitions on the continent. 

This issue’s Risk Management Reports are Qatar – with an accompanying map – and Saudi Arabia, where the lacklustre economic performance also discussed in GSN view  is a longer-term concern, but is insufficient to give Crown Prince Mohammed Bin Salman any immediate political worries. Indeed, his ruthless approach to opposition means that, for now, MBS gets an RMR political risk upgrade.

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