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Issue 1181 - 24 November 2023

Oman signs LNG supply deal with BP

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Muscat has signed a contract to delivery 1m t/yr of liquified natural gas (LNG) to United Kingdom-based energy major BP. The agreement was signed by Oman LNG on 21 November and will run for nine years, starting in 2026.

Oman
Issue 1181 - 21 November 2023

Oman hopeful a Yemen peace deal is imminent

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Omani officials appear confident that, despite international diplomatic attention having largely switched to the Gaza conflict, a peace settlement can be achieved soon between the warring factions in Yemen and Saudi Arabia, with all parties now appearing to recognise that ending the civil war is in their overwhelming political interest.

Saudi Arabia | Yemen | Oman
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Omani officials told GSN that the failure to achieve a settlement to the Israel/Palestinian conflict was nurturing radicalisation and undermining the prospects for resolving other political problems across the Middle East.

Oman | Israel | Palestine
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Sheikh Theyab Bin Mohammed Bin Zayed Al-Nahyan, son of UAE President Sheikh Mohammed Bin Zayed Al-Nahyan, travelled to Muscat in early November.

Oman | United Arab Emirates (UAE)
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Oman's Sultan Haitham Al-Said appointed new governors to three of the sultanate's 11 provinces:  Masoud Said Hashim Al-Hashmi for South Al-Batinah, Mahmoud Yahya Sulaiman Al-Thuhli for North Al-Sharqiyah, and Sheikh Ahmed Musallam Suhail Jidad Al-Kithiri for Al-Wusta. 

Oman
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Even before the new Gaza war shattered comfortable assumptions about regional security, the global economic climate had been hostile, as shown in analysis of the International Monetary Fund's new reports on the global outlook and regional economic performance.

Iran | Kuwait | Saudi Arabia | Bahrain | Yemen | Oman | United Arab Emirates (UAE) | Palestine | Iraq | Qatar
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There have been public protests in a number of countries around the Middle East and North Africa (Mena) in support of Palestinians and against Israeli actions in Gaza, but in many countries they have been limited in scope. Huge crowds have taken to the streets in capitals from Rabat to Baghdad, but there have been no major events in the countries where the public space is most tightly controlled, such as Saudi Arabia and the UAE.

Kuwait | Bahrain | Oman | Palestine | Iraq
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Gas privatisation: Shares in state energy firm OQ’s gas pipelines business OQ Gas Network (OQGN) began trading on the Muscat Stock Exchange on 24 October. OQGN had raised OR288m ($750m) in its initial public offering of 49% of its shares, making it Oman’s largest IPO, ahead of previous front-runner Oman Telecoms Company, which floated in 2005.

Oman
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China's People’s Liberation Army (PLA) Navy has used a routine rotation of its ships based in Djibouti to double its presence in the region, just as the United States Navy is preparing to deploy its first aircraft carrier strike group (CSG) to the region for two years.

Iran | Kuwait | Saudi Arabia | Oman | United Arab Emirates (UAE)
Issue 1179 - 24 October 2023

Doha sends Mubarak Bin Fahad to Muscat

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Sheikh Mubarak Bin Fahad Bin Jassim Bin Mohammed Al-Thani was named as Qatar's ambassador to Oman. Mubarak has previously served as ambassador to Azerbaijan (2008-14) and Serbia (2015-21).

Oman | Qatar
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Official statements from the Gulf monarchies have called for de-escalation and international mediation between Hamas and Israel, but there have been notable differences in where blame has been apportioned.

Kuwait | Saudi Arabia | Bahrain | Yemen | Oman | United Arab Emirates (UAE) | Israel | Palestine | Iraq | Qatar
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Oman Investment Authority (OIA) has set up the €100m ($106m) Spain Oman Private Equity Fund (Sopef) II with the Spanish government’s development finance institution Compañía Española de Financiación del Desarrollo (Cofides). The move extends a relationship which began with Sopef I launched in 2018 which is now almost fully invested and comes amid a number of recent international deals by the Omani fund.

Oman
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Oman's State Audit Institution (SAI) director general Sharifa Bint Yahya Al-Mahrouqiyya said more than 30 civil servants had been found guilty of corruption and embezzlement last year. Speaking during a local television interview, she outlined details from her organisation’s annual report for 2022.

Oman
Subscriber

Global and regional powers have drawn up a series of plans to develop new trade corridors through Gulf countries over recent years, with the latest emerging at the G20 summit in India which will pass through the UAE, Saudi Arabia and on to Jordan and Israel. The ambitious plan could take decades to realise and will face competition from rival schemes backed by Iran, Iraq, Russia and Turkey. 

Iran | Saudi Arabia | Jordan | Oman | United Arab Emirates (UAE) | Israel | Iraq | Qatar
Issue 1177 - 27 September 2023

UAE/OMAN: Sharjah ruler visits Muscat

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Sharjah Ruler Sheikh Sultan Bin Mohammad Al-Qasimi visited Muscat for a two-day official visit – the second Emirati ruler to make the journey in recent months, following a visit by Ras Al-Khaimah Ruler Sheikh Saud Bin Saqr Al-Qasimi in June.

Oman | United Arab Emirates (UAE)