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Kuwait stands out in the region for its relatively open political system, which includes a freely-elected parliament that often clashes with a government appointed by the ruling Al-Sabahs. As a small state with vast oil wealth, it was a pioneer in establishing a sovereign wealth fund, but these days its economy lags behind its more commercially adept neighbours. The perennial stand-off between the executive and legislature often leads to policy gridlock, with neither side able to provide the bold leadership Kuwait needs to forge ahead

Iraq
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The Bahraini sovereign wealth fund will fold its existing agriculture assets into the new body, as part of efforts to improve food security

Bahrain
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The merger of Abu Dhabi-listed Bayanat AI and satellite operator Yahsat to form Space42 is set to go ahead, with the UAE national security adviser holding 50% of the combined group. Another vehicle in Tahnoun Bin Zayed’s stable, Group 42, is setting up an AI investment company with Mubadala called MGX

United Arab Emirates (UAE)
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Bahrain’s new order, approved by the US State Department, includes 50 Abrams main battle tanks, as well as tank munitions, machine guns and smoke grenade launchers

Bahrain
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Bahrain’s ambassador to the UAE Sheikh Khalid Bin Abdulla Al-Khalifa held meetings with rulers and crown princes in the five northern emirates over a four-day period in mid-March

Bahrain | United Arab Emirates (UAE)
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Princess Fahda Bint Saud Bin Abdelaziz and Princess Fahda Bint Abdullah Bin Abdelaziz were both in their 70s and died in mid-March

Saudi Arabia
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Two of Dubai’s larger real estate developers, Nakheel and Meydan, are being handed over to Dubai Holding, the investment group owned by the emirate’s Ruler Sheikh Mohammed Bin Rashid Al-Maktoum

United Arab Emirates (UAE)
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King Salman Bin Abdulaziz flew into Jeddah on 9 March, amid fresh speculation about his state of health. His son, Crown prince Mohammed Bin Salman followed a few days later

Saudi Arabia
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A batch of three fighter jets arrived at the Isa Air Base on 8 March, with a further 13 due to be delivered to  Bahrain

Bahrain
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Faisal Bin Sultan Al-Qassimi has handed the chairmanship of the bank he set up in 1975 to his son Mohammed Bin Faisal

United Arab Emirates (UAE)
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The Alpha Dhabi investment vehicle owned by UAE national security advisor Sheikh Tahnoun Bin Zayed has transferred three of its hotel subsidiaries to NCTH in return for shares which will give it a majority stake in the enlarged hospitality group

United Arab Emirates (UAE)
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Amnesty International has criticised a draft version of the Penal Code for Discretionary Sentences, which was leaked online in July 2022. The legislation sets out strict punishments for what are often vaguely-worded crimes and fails to guarantee freedom of expression or religion – which caused a diplomatic incident in early March involving a delegation from the US Commission on International Religious Freedom

Saudi Arabia
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Two former managers of PetroSaudi International, a company set up by Prince Turki Bin Abdullah, are facing bribery, money laundering and other charges over a 2009 deal with Malaysia’s 1Malaysia Development Berhad (1MDB), which has been at the centre of a major corruption scandal for the past decade

Saudi Arabia
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A long-running investigation into millions of dollars’ worth of bribes paid to Prince Miteb Bin Abdullah and his associates in 2007-10 has ended with the two defendants walking free from a London court, after successfully arguing the payments had been approved by the British and Saudi authorities. One defendant’s lawyer told the court his client was being prosecuted to deflect attention from the UK government’s decades of dubious payments in the Gulf

Saudi Arabia
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In a further accumulation of jobs in the ruling family, President Sheikh Mohammed Bin Zayed has named his daughter Mariam as deputy chair of the Presidential Court for National Projects while his son Theyab has a new senior role at the Presidential Court for Development and Fallen Heroes’ Affairs

United Arab Emirates (UAE)