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Issue 954 - 21 September 2013

Qatar: Bond issue


Free

Qatar Central Bank said it would issue QR3bn ($0.82bn) worth of bonds and QR1bn worth of sukuk on 10 September. Both the conventional and Islamic bonds were to be issued in equal amounts of three and five-year tranches, the bank posted on its website. Qatar launched quarterly government bond sales in March.

Qatar
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In another dispay of Al-Thani ‘soft power’, representatives of the Qatar ruling family have offered €20m to exhibit some of the more than 6,000 items from the Al-Thani collection in France over the next 20 years. Paris daily Le Monde reported that the deal will install an exhibition at the historic Hôtel de la Marine in Paris, which is due to reopen in 2020 following a €100m refurbishment. The travelling collection includes items amassed by Sheikh Hamad Bin Abdullah Al-Thani, some of which are currently on show at the Chateau de Fontainebleau, until 8 October.

Qatar
Issue 1014 - 07 May 2016

Saudi Arabia: King meets leaders

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King Salman opened May by greeting number of leaders, including Turkmenistan President Gurbanguly Mälikgulyýewiç Berdimuhamedow (on 1 May) and Burkina Faso President Roch Marc Christian Kaboré (on 3 May). In attendance for Berdimuhamedov was Riyadh governor Prince Faisal Bin Bandar Bin Abdelaziz, other princes and ministers.

Saudi Arabia
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As diplomatic options narrow and the killing continues, Saudi Arabia has been increasingly assertive about the need to arm the Syrian opposition. But analysts say fears over the potential ramifications mean Riyadh is not yet set on a course of action

Saudi Arabia | Syria
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The Qatari attorney-general is to appeal against the acquittal of those convicted over a fire in which 19 people died, including 13 children. Last month, the Court of Appeal overturned convictions of involuntary manslaughter relating to the fire at the Gympanzee nursery in Doha’s Villaggio Mall in May 2012. Among those acquitted was Sheikh Ali Bin Jassim Al-Thani, who co-owned the nursery. The fire was caused by an electrical fault.

Qatar
Issue 1048 - 16 November 2017

Oman: S&P sovereign downgrade

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Standard & Poor’s lowered its long-term foreign and local currency sovereign credit ratings on Oman from BB+ to BB on 10 November, citing large fiscal and current account deficits. It said Oman’s overspend, which is mostly being financed through external borrowing, is eroding the sultanate’s net asset position. S&P expects Oman’s external debt to exceed its liquid external assets for the first time next year, with the gap widening in subsequent years.

Oman
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The early August appointment of Prince Salman Bin Sultan Bin Abdelaziz as deputy defence minister left Saudi-watchers puzzled, coming as it did just a few months after Prince Fahd Bin Abdullah Bin Mohammed was given the position (GSN 945/1). A son of the late crown prince Sultan Bin Abdelaziz (GSN 911/1), Prince Salman is in his late thirties, and has a degree in military science from the King Abdulaziz Military Academy. His career has included an early 2000s stint at the Saudi embassy in Washington under his high-profile older brother Prince Bandar Bin Sultan. When he returned to the kingdom, he took up a post at the Ministry of Foreign Affairs, and then joined the National Security Council (NSC), also headed by Bandar, where, in August 2011, he was appointed assistant secretary-general for intelligence and security affairs.

Saudi Arabia
Issue 1024 - 21 October 2016

Qatar: Defence chief visits Algeria

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Qatari Armed Forces chief of staff Major General (Pilot) Ghanem Bin Shaheen Al-Ghanem held talks with his Algerian counterpart Lieutenant General Ahmed Gaïd Salah during a visit to Algiers on 10 October. The two discussed “the state of the bilateral military co-operation and ways to extend it to other fields of mutually beneficial interest for the two countries,” according to the official Algérie Presse Service.

Qatar
Issue 917 - 09 February 2012

CROWN PRINCE: Wedding

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CROWN PRINCE: Wedding

United Arab Emirates (UAE)
Issue 924 - 25 May 2012

Saudi Arabia pledges $3bn to Yemen

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Saudi Arabia has pledged $3.25bn in aid to Yemen, at the start of a one-day donor meeting in Riyadh.

Saudi Arabia | Yemen
Issue 846 - 30 January 2009

Muscat bourse to receive boost

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The Investment Stability Fund (ISF), intended by the government to restore confidence in the Muscat Securities Market (MSM), was expected to be launched on 1 February.

Oman
Issue 971 - 06 June 2014

Bahrain’s Nabeel Rajab freed

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One of Bahrain’s most prominent human rights activists was released from prison on 24 May, after serving almost two years. Nabeel Rajab, president of the Bahrain Center for Human Rights (BCHR), was sentenced in August 2012 to three years in jail for organising unlicensed protests and inciting violence. An appeals court later reduced his sentence by a year. Rajab was greeted by dozens of supporters following his release; he also stopped at the grave of his mother, who died while he was in jail. The BCHR maintains that Rajab had only advocated peaceful demonstrations, to defend civil and human rights in Bahrain.

Bahrain
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Sharjah Ruler Sheikh Sultan Bin Mohammed Al-Qasimi inaugurated the Sharjah Mosque on 10 May, some five years after ordering its construction. It is the emirate’s largest mosque, with capacity for 25,500 worshippers, and cost Dh300m ($82m) to build. Sheikh Sultan performed Al-Isha and Al-Tarawih prayers at the mosque before touring the building and watching a documentary about its construction. Crown Prince and Deputy Ruler Sheikh Sultan Bin Mohammed Bin Sultan Al-Qasimi attended the inauguration ceremony, along with a large number of other senior ruling family members.

United Arab Emirates (UAE)
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The breakdown of the deal between The Dow Chemical Company and Petrochemical Industries Company – in which the Kuwaiti state-owned PIC would take a 50% stake in the United States’ largest chemicals group for around $9bn in return for the Americans developing the emirate’s downstream value-added via the KDow joint venture – is unsurprising.

Kuwait
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Tony Blair Associates (TBA), the office of the former UK prime minister Tony Blair, is considering opening an office in Abu Dhabi. GSN understands that a decision has yet to be taken, but given that TBA already has a member of staff based in the UAE, an expansion there would make sense. Blair has good political, business and personal links with the UAE; as well as the Gulf, an office in Abu Dhabi would oversee TBA’s business in the East, most notably Blair’s lucrative work with Kazakhstan.

United Arab Emirates (UAE)