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For all their power and wealth, few among the Saudi merchant class attained the level of fame of Khalid Bin Mahfouz

Saudi Arabia
Issue 860 - 12 September 2009

Saudi princes return home

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Various princes have begun returning to Saudi Arabia at the conclusion of their summer holidays, including several who had been staying in Morocco with Crown Prince Sultan.

Saudi Arabia
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Still convalescing in Morocco, Crown Prince Sultan Bin Abdelaziz has had visits at his Agadir palace from Jordan’s King Abdullah II and Yemen’s President Ali Abdullah Saleh.

Saudi Arabia
Issue 860 - 12 September 2009

Reema Bint Bandar’s Student initiative

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Partnership to encourage US students to visit Saudi Arabia

Saudi Arabia
Issue 860 - 12 September 2009

King Abdullah’s busy Ramadan

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King Abdullah Bin Abdelaziz has held talks with visiting Bahraini Crown Prince Sheikh Salman Bin Hamad Al-Khalifa and US assistant to the president for homeland security and counterterrorism John Brennan.

Saudi Arabia
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Gulf Co-operation Council (GCC) navies are rapidly building up powerful fleets of muscular corvettes and multi-role offshore patrol vessels, making it likely that nations such as the UAE, Saudi Arabia and Oman will soon boast the most advanced surface combatants in the region.

Saudi Arabia | Bahrain | Oman | United Arab Emirates (UAE)
Issue 860 - 12 September 2009

Princes reappointed to senior jobs

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The service of Prince Badr Bin Mohammed Bin Abdullah as Al-Ahsa governor has been extended for another four years. His family, the Al-Jiluwi, have been prominent in Sharqiya (Eastern Province) for decades.

Saudi Arabia
Issue 860 - 12 September 2009

Iranian concerns

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The first term of President Mahmoud Ahmadinejad restored hardline conservative nationalism to centre stage. The president's continuing nuclear programme, ignoring Saudi demands for a nuclear-free Gulf, could only deepen anxieties. Riyadh's concern has been heightened by the ruthlessness with which

Iran | Saudi Arabia
Issue 860 - 12 September 2009

Khalid Bin Alwaleed’s rugby investment

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In an era when Gulf money has poured into English Premier League football clubs, Prince Alwaleed Bin Talal’s business empire has decided to invest in London Welsh, a British rugby union club.

Saudi Arabia
Free

Interior Minister and Second Deputy Premier Prince Nayef Bin Abdelaziz has held meetings with his Bahraini counterpart Sheikh Rashid Bin Abdullah Al-Khalifa and Qatar’s State Minister for Internal Affairs Sheikh Abdullah Bin Nasser Al-Thani and other Qatari internal security officials.

Saudi Arabia
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The clarity of GCC legal systems and their treatment of foreign creditors have fallen under the spotlight as two debt-laden Saudi conglomerates troubles’ percolate through into the wider trade finance and insurance communities

Saudi Arabia | Bahrain
Issue 859 - 08 August 2009

Gosaibi, Sanea, Ghurair debt row

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Lawsuits and rating downgrades have set three significant Gulf business families – Saudi Arabia’s Al-Gosaibis, Al-Saneas and the UAE’s Al-Ghurairs – against each other (GSN 855/13). Recently, the Dubai-based, Al-Ghurair-owned Mashreq Bank filed lawsuits in New York against AHAB and its subsidiary TIBC involving a failed $75m currency exchange.

Saudi Arabia | Bahrain | United Arab Emirates (UAE)
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Recent allegations in regional media – perhaps encouraged by senior officials in their host countries – of serious political shake-ups in the military establishment and ruling family – suggest all is not well in Qatar’s regional relations, even after a year when Doha has made serious efforts to mend fences with Saudi Arabia and Jordan. Emir Sheikh Hamad Bin Khalifa Al-Thani and Prime Minister Sheikh Hamad Bin Jassim Bin Jabr Al-Thani (HBJ) travelled in late July to Morocco to visit Saudi Crown Prince Sultan Bin Abdelaziz.

Saudi Arabia | Jordan | Qatar
Issue 859 - 08 August 2009

GCC shadows darken

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The credit shadows that have fallen over the Middle East in 2009 are afflicting some of the official export credit agencies (ECAs) based in the region and further afield. Saudi Arabia and Bahrain have moved to the centre of ECA scanners in the past couple of months, but it is the UAE that most preoccupies official insurers, GSN was told in a survey of regional and international market sentiment.

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

Gulf rulers have been to visit a more sprightly looking Crown Prince Sultan Bin Abdelaziz, who remains in Agadir. Before travelling to Morocco, King Abdullah held talks in Jeddah. Acting Riyadh governor Prince Sattam Bin Abdelaziz performed funeral prayers. Ibn Saud’s former pilot, Captain Joe Grant, now 101 years old, continued to be fêted. Foreign Minister Prince Saud Al-Faisal has been in Washington to hold talks with US Secretary of State Hillary Clinton.

Saudi Arabia