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The Doha-based energy company has agreed to take a 20% stake in offshore Block 5 from American major Chevron – adding to an already diverse global asset portfolio.

Qatar
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Five members of the public and a policeman were killed when three Omani brothers fired on worshippers in the Ali Bin Abi Talib mosque in Muscat in mid-July; the attack was later claimed by Islamic State.

Oman
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Iraq has a limited military manufacturing base, but has been keen to do more, with medium ammunition and electric vehicle production plants also now under development.

Iraq
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The issue leads with a focus on the UAE's trade deals. The UAE has seen distinctly mixed results from the six Comprehensive Economic Partnership Agreements that it has brought into force over the past two years. Trade with India has been growing at a slower pace than trade with the rest of the world and other deals have also been underperforming, as the easing of tariffs and other trade restrictions rubs up against broader geopolitical and macroeconomic issues. GSN also examines the situation in Yemen, following a Houthi drone attack on Tel Aviv and an Israeli strike on Yemen’s Hodeidah port in July, as well as renewed fighting on a number of frontlines. UN special envoy Hans Grunberg has warned that the country is close to a tipping point and there is a risk of a return to full-scale war. GSN looks at comments by finance minister Anwar Al-Mudhaf, which suggest Kuwait may consider some bold economic steps while the National Assembly (parliament) is sidelined. Politics coverage includes a look at the tumultuous start to  Masoud Pezeshkian' term as president of Iran, following the assassination of Hamas political bureau leader Ismail Haniyeh in Tehran. Economy and business coverage leads with Saudi Arabia, which has outlined the details of its bid to host the 2034 football World Cup, in bid documents that were formally submitted to the sport’s governing body Fifa in late July. The risk management report is on UAE, where the authorities claim to have identified a group of terrorist exiles. The GSN View focuses on Oman, which has taken a significant step closer to becoming the first in the Gulf Co-operation Council to start taxing its citizens’ income.

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A dispute between art collector Sheikh Hamad Bin Abdullah Al-Thani and other family members behind the Al-Thani Foundation over the world’s largest cut blue diamond, the Idol’s Eye, is heading for the High Court in London.

Qatar
Issue 1190 - 08 August 2024

Iran seeks to bolster air defences

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Tehran has been touting its domestically-produced air defence systems, but has also reportedly been seeking more advanced equipment from Russia, amid fears of further confrontations with Israel.

Iran