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Abu Dhabi National Energy Company has appointed former BP chief executive Bernard Looney and Blackstone president Jon Gray, alongside Sultan Ahmed Al-Jaber and other senior local figures, to the board of its new mega-venture XRG.

United Arab Emirates (UAE)
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Iran’s supreme leader has endorsed the resubmission of two bills designed to tackle money laundering and terrorism financing to the Expediency Council. A different outcome this time for the legislation – which was previously passed by parliament but was rejected by the Guardian Council and Expediency Council – would offer renewed hope for reformists under President Pezeshkian, while another rejection could cement Iran’s rogue status on the international stage.

Iran
Issue 1195 - 19 December 2024

UK joins Bahrain/US defence pact

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London has been bolstering its defence ties with a number of Gulf countries in early December, during high-level talks with leaders of Saudi Arabia and Qatar.

Bahrain
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Experienced figures have been appointed to lead the recently-established UAE Aid Agency, while a new board of trustees has been announced for the Khalifa Bin Zayed Al-Nahyan Foundation.

United Arab Emirates (UAE)
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A special ministerial court has given former interior and defence minister Sheikh Talal Al-Khaled a 14-year jail term, a $65m fine and ordered him to repay $32m embezzled from the ministries he headed up between 2022 and 2024.

Kuwait
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In the latest evidence that Tehran’s ‘hostage diplomacy’ is delivering results, an Iranian national was released from an Italian jail before he could be extradited to the US on charges of illegally supplying drone technology to Iran. Relations with France and Switzerland are also strained.

Iran
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Adnoc Gas, now under new chief executive Fatima Al-Nuaimi, broke ground at Ruwais in November and has since awarded contracts for an LNG pre-conditioning plant, compression facilities and pipelines.

United Arab Emirates (UAE)
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The authorities are keen for more Emiratis to have children – and have created a new ministry to encourage more locals to get married, while a revamped Ministry of Community Empowerment is focused on supporting low-income families.

United Arab Emirates (UAE)
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President Mohammed Bin Zayed and other senior political and military figures were on hand to witness the first 88 students graduate with a BSc in defence and security at the university’s campus in Abu Dhabi.

United Arab Emirates (UAE)
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Roc Oil Company has completed its Tethys Oil acquisition, giving the Australian firm a stake in five Omani blocks with production of some 8,800 b/d.

Oman
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A Dubai businessman favoured by Donald Trump, Hussein Sajwani – profiled by GSN below – in early January said he would invest $20bn in a network of US data centres. His group has also signed a deal to enable $1bn of assets to be traded on a blockchain.

Kuwait | Oman | United Arab Emirates (UAE)
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A lower court’s verdict has been endorsed by the Court of Cassation, sentencing Sheikh Sabah Al-Salem Al-Sabah to death for the murder of Abdelaziz Al-Zaatari.

Kuwait
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Kuwait border: Relations also remain strained on Iraq’s southern frontier, where the joint maritime border remains only partially agreed. On 13 December, Kuwait and the US issued a fresh call on Baghdad to agree to the frontier’s demarcation beyond the currently agreed limit, set by boundary marker 162. They made the call following the sixth round of the Kuwait-US Strategic Dialogue, which was held virtually on 9-11 December. They also called on Iraq to stick to a 2012 agreement to regulate maritime navigation in the Khor Abdullah waterway, which the Iraqi Constitutional Court annulled in 2023.

Iraq
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Almost 30,000 Kuwaitis have lost their citizenship over the past five months, including more than 10,000 people in the opening weeks of January. The policy is being run by interior minister Sheikh Fahad Yusuf Saud Al-Sabah, with an opaque decision-making process that appears designed to stifle critics as much as address alleged problems around fraud.

Kuwait
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A new central bank chief was appointed by Sultan Haitham Bin Tariq Al-Said in one of nine decrees issued at the start of the year, which also included a new banking law that could have far-reaching implications.

Oman