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Nasdaq Stockholm-listed Tethys Oil has recommended its shareholders accept an offer from Australian suitor Roc Oil, which values the company at $186m.

Oman
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The issue leads with a focus on Israel and Iran and the increasing threat that a wider conflict could engulf the region. The barrage of up to 200 ballistic missiles Tehran fired at Israel on 1 October was the latest in a series of escalatory steps taken by Israel and Iran, as a conflict that began in Gaza a year ago threatens to spread across the region. Arab Gulf states have largely been bystanders to the events, but could yet fulfil important roles – by providing mediation, influencing allies and helping to stabilise energy markets. GSN examines UAE President Sheikh Mohammed Bin Zayed Al-Nahyan (MBZ)’s visit to the White House on 23 September, the first by a sitting UAE head of state. Against a backdrop of rising violence in Gaza, Lebanon and Sudan, the main breakthroughs were promises of greater co-operation in defence and artificial intelligence (AI). The issue also reports on Saudi Arabia's efforts to strengthen its position in the AI sector and close the gap to regional leader the UAE, by building up its data centres, developing large language models and investing in local AI companies. Several thorny issues still need to be addressed, though, including ideas around ‘digital sovereignty’ and the huge power requirements of the sector. Defence and security coverage includes a look at the UAE state-owned defence group Edge's move to set up a local manufacturing plant to produce crowd-control products. Energy and industry coverage leads with Saudi Arabia, where there are signs of a shift in oil policy to raise output and target market share. The mooted change of approach comes as officials have slashed their growth forecasts for the economy this year, amid higher spending. The GSN View focuses on the UAE's involvement in Sudan's brutal civil war, where it is widely identified as a key backer of the Rapid Support Forces militia. Four UAE servicemen were killed while transporting ammunition on 24 September, with speculation pointing to the incident happening in Nyala, South Darfur. Six days later, the UAE ambassador’s residence in Khartoum was attacked, with Abu Dhabi blaming the Sudanese Armed Forces.

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Prince Fahd Bin Mansour led the Saudi delegation to the StartUp20 summit in São Paulo in September, as part of the host country’s presidency of the G20.

Saudi Arabia