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Issue 1169 - 22 May 2023

Qatar to hold local elections

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Qatar will hold elections for the Central Municipal Council (CMC) on 22 June. The first election for the council was held in March 1999 and polls have been held every four years since then.

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Qatar General Insurance and Reinsurance Company is seeking compensation from former chairman Sheikh Nasser Bin Ali Bin Saud Al-Thani "for his responsibility for the mistakes he made" while in charge of the business.

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Qatari Sheikh Jassim Bin Hamad Al-Thani has made another revised bid to buy Manchester United Football Club (MUFC), in an effort to see off a rival approach from United Kingdom-based petrochemicals giant Ineos Group’s boss Jim Ratcliffe.

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Bashar Al-Assad's regime in Syria has been readmitted to the Arab League after more than a bloody decade on the sidelines, after Saudi Arabia and the UAE orchestrated a vote in favour ahead of a 19 May summit in Jeddah. Regional opposition to Syria hasn't disappeared, but Qatar and Kuwait decided not to stand in the way of readmission, in a further indication of Riyadh's new-found desire to flex its diplomatic muscles whatever western allies might think.

Kuwait | Saudi Arabia | United Arab Emirates (UAE) | Qatar | Syria
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The UK's Financial Conduct Authority (FCA) has fined Luxembourg-based Banque Havilland and a number of its executives and employees for trying to devalue the Qatari riyal in 2017, at a time when Qatar was facing a boycott by Bahrain, the UAE, Saudi Arabia and some allied countries.

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Ratings uplift: Fitch Ratings reaffirmed its AA- sovereign credit rating but upgraded its outlook from stable to positive on 28 March, citing Qatar's strong external balance sheet, low debt/gross domestic product ratio and high fiscal surplus. Fitch said the additional liquefied natural gas (LNG) export capacity due online from the North Field’s expansion would help to reduce an already low fiscal break-even hydrocarbon price.

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Al Jazeera Media Network said its journalist Hisham Abdelaziz was released from custody in Egypt on 1 May, after spending almost four years in pre-trial detention.

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Qatar's Emir Sheikh Tamim bin Hamad Al-Thani travelled to London to attend the coronation ceremony of King Charles III on 6 May. Also to attend the service was Bahrain’s King Hamad Bin Isa Al-Khalifa, Kuwait's Crown Prince Sheikh Mishaal Al-Ahmed Al-Jaber Al-Sabah, and Oman's culture, sports and youth minister Sayyid Theyazin Bin Haitham Al-Said. It was not clear who would attend from the UAE or Saudi Arabia.

Kuwait | Saudi Arabia | Bahrain | Oman | United Arab Emirates (UAE) | Qatar
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Qatar Museums chair Sheikha Mayassa Bint Hamad Al-Thani has been in Florence, Italy for the Art For Tomorrow conference, which she helped to launch in 2015.

Qatar
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Bahrain and Qatar said they would resume full diplomatic relations, following a meeting of senior officials at the headquarters of the GCC General Secretariat in Riyadh.

Bahrain | Qatar
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Qatar's Emir Sheikh Tamim Bin Hamad Al-Thani reshuffled the country’s security establishment in a series of decrees and orders, naming his brother and interior minister Sheikh Khalifa Bin Hamad Bin Khalifa Al-Thani as commander of the Internal Security Force (Lekhwiya).

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While most Gulf energy giants are focused on domestic production, QatarEnergy continues to pursue a distinctive strategy, acquiring large minority stakes in acreage around the world, where it often works alongside TotalEnergies, Eni and Shell.

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Doha-based Urbacon Trading & Contracting (UCC) has signed a contract to build a 1GW power plant in Libya, as it looks abroad to make up for the post-Fifa World Cup lull in construction activity in its home market.

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The Qatar Emiri Air Force (QEAF) and the United Kingdom’s Royal Air Force (RAF) are to continue operating their joint Typhoon squadron for a further two years, based at RAF Coningsby in the UK.

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Issue 1166 - 27 March 2023

Turkmenistan's embassy opens in Doha

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Turkmenistan’s President Serdar Berdimuhamedow was in Doha to oversee the opening of his country’s embassy, some 27 years after diplomatic relations were established between the two gas-rich countries and nine years after Qatar opened its embassy in Ashgabat.

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