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Rarely do GCC disputes get more public, and it will take more than warm words from Riyadh to win back the Al-Nahyan into the currency union fold. For Abu Dhabi, bank location is the deal-breaker

While the Middle East has weathered the global recession better than most regions, the regional dynamics have altered, with the more highly leveraged economies such as Dubai losing ground to more conservative and resource-rich players, led by Saudi Arabia.

Kuwait’s largest telecoms operator has gained a majority stake in the Palestine Telecommunication Company (Paltel) as part of an expansion plan. Showing the depressed mood in the Gulf, even large family businesses are looking away from their traditional home markets. International law firm Trowers & Hamlins has advised the Royal College of Surgeons in Ireland on the development and financing of a large scale specialist healthcare project in Muharraq.

King Hamad Bin Isa Al-Khalifa on 17 May received United Nations secretary general Ban Ki-moon at Gudaibiya Palace.

Bahrain’s King has earned a breathing space, but only real concessions can defuse the impact of a soon to be launched extra-parliamentary alliance with political and religious appeal.

When launched in Q1 10 the new Bahrain Financial Exchange (BFX) will offer to members a platform to trade multiple asset classes including capital

The central bank’s prudent regulation has helped to keep the domestic banking sector in a relatively solid shape, but a prolonged downturn in the region, particularly in real estate markets, could lead to an uncomfortable situation.

ADIC eyes MENA private equity deals; Bahrain banks consolidate their positions; Kuwait enters Palestine telecoms sector; Vodafone Qatar to sell a 40% stake in April IPO

The mood in Bahrain was edgy in the run-up to the 26 March trial of 35 individuals including Haq leader Hassan Mushaima,

Whoever wins the Iranian election will have to engage in sustained diplomatic fence-mending. President Mahmoud Ahmadinejad’s apparently thoughtless way with words has cost Iran dear over the past three and a half years. This month, Foreign Minister Manouchehr Mottaki has been in Riyadh – where he met King Abdullah Bin Abdelaziz – and Manama, seeking to patch up the latest strains in relationships with Saudi Arabia and Bahrain. He also visited Kuwait, with whom Tehran’s dealings are rather more placid.

Taqa profits down as oil price stays low. Oxy deal to raise output. Qatar to build 100MW solar power plant

Supermajors interested in Bahrain onshore gas round; Indian offshore drilling firm considers entry;:Block 8 partner announces first oil from West Bukha; Oilex resumes Block 56 testing programme

In a fast-evolving regional situation, French President Nicolas Sarkozy is touring the Gulf again, visiting Oman, Bahrain and Kuwait

Exasperated by Haq's persistent campaigning, the authorities arrested the extra-parliamentary opposition group's president Hassan Mushaima, human rights commission head Abdeljalil Al-Singace and outspoken Shiite scholar Mohammed Habib Almuqdad on the night of 25-26 January. Al-Singace was released after 24 hours but remains on bail and is subject to a travel ban. Mushaima and Almuqdad remained in solitary confinement, and were denied contact with their families or lawyers, as GSN went to press.

Eritrea, a county with more than eight decades of exploration history but not much recent success, in late 2008 assigned two offshore blocks to a local/Chinese joint venture called Defba Oil Share Company, set up through a partnership of the Asmara government and Bahrain-registered Energy Alliance Company WLL.