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Issue 1150 - 30 June 2022

Gulf funds flex oil-fuelled muscle

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Gulf sovereign wealth funds (SWFs) are flexing their muscles again, with logistics now a key focus. While high oil prices have bolstered Gulf funds, their recovery began before prices shot up this year.

Kuwait | Saudi Arabia | Bahrain | United Arab Emirates (UAE) | Qatar
Subscriber

Yemen’s Presidential Leadership Council chairman Rashad Al-Alimi has also been on a regional tour - visiting Bahrain, Egypt, Kuwait, Saudi Arabia and Qatar - as a recently-extended truce with the Houthi rebels continues to hold.

Kuwait | Saudi Arabia | Bahrain | Yemen | Qatar
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Gulf Co-operation Council countries formally launched the process to negotiate a free trade agreement (FTA) with the UK. The GCC is the UK’s seventh largest export market.

Kuwait | Saudi Arabia | Bahrain | Oman | United Arab Emirates (UAE) | Qatar
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A reshuffle of senior Kuwaiti ambassadors is continuing, with veteran envoy to London Khaled Al-Duweisan retiring after 29 years in the post.

Kuwait
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Kuwait Red Crescent Society secretary-general Maha Al-Barjas was elected vice-president for Asia and the Pacific of the International Federation of Red Cross and Crescent Societies -- the first Arab woman to hold the post.

Kuwait
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GSN Risk Grade – B↓2. Offshore platform in once disputed waters: Kuwait appears to have completed a controversial offshore platform, which could reawaken a maritime border dispute with Iraq.

Kuwait
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Kuwait's Crown Prince Sheikh Mishaal Al-Ahmed Al-Jaber Al-Sabah suffered a “minor discomfort requiring rest”. The episode comes amid lingering concern about the health of Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah.

Kuwait
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US Secretary of State Anthony Blinken was among senior US officials who attended a farewell reception on 13 June for long-serving Kuwaiti ambassador to Washington Sheikh Salem Abdullah Al-Jaber Al-Sabah and his wife Sheikha Rima.

Kuwait
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Gulf governments have been stepping in to provide more assistance to Jordan’s troubled economy, with fresh investments from Kuwait, Saudi Arabia and the UAE announced in early June.

Kuwait | Saudi Arabia | United Arab Emirates (UAE)
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The United States is reportedly drawing up plans for a defence co-operation agreement between Israel and the six Gulf Co-operation Council states, as well as Egypt, Jordan and Iraq, to counter the perceived threat from Iran.

Bahrain | United Arab Emirates (UAE) | Israel | Iran | Kuwait | Saudi Arabia | Oman | Qatar
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The Kuwaiti government has filed a complaint in the United States for fraudulent concealment and transfer, breach of fiduciary duty and unjust enrichment against Sheikh Khaled Al-Jarrah Al-Sabah and many others in the Army Fund scandal. The government claims the former defence minister allegedly misappropriated funds belonging to Kuwait and is seeking at least $104m,

Kuwait
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The Gulf region’s politicians and business leaders returned in force to the World Economic Forum (WEF) held as ever in Davos, Switzerland, but at a different time of year. The most senior regional leader to turn up was Qatar’s Emir Sheikh Tamim Bin Hamad Al-Thani, who gave a speech at the opening session.

Iran | Kuwait | Saudi Arabia | Bahrain | Qatar
Issue 1148 - 01 June 2022

Kuwait: Emir returns home from Italy

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Emir Sheikh Nawaf Al-Ahmed Al-Jaber Al-Sabah has returned to Kuwait following a private visit to Italy. In official photos of his return, the emir looked thin and appeared to rely on support from Crown Prince Mishaal Al-Ahmed Al-Jaber Al-Sabah.

Kuwait
Issue 1148 - 24 May 2022

Kuwait’s municipal elections

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Kuwait held its 13th Municipal Council elections on 21 May, with 38 candidates competing, including one woman. Some 438,283 Kuwaitis were eligible to vote.

Kuwait
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Kuwait's Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah travelled to Italy on 12 May on what was described by officials as a “private visit”.

Kuwait