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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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Former UK Prime Minister David Cameron made a surprise return to the British government when he was appointed foreign secretary. During his time as premier, from 2010 to 2016, he did much to expand relations with the Gulf states.

Saudi Arabia | United Arab Emirates (UAE)
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Economic slump: The economy shrank by 4.5% year on year in Q3 2023, a sharp change from the 1.2% expansion reported in Q2 23. It was the first decline in real GDP since the start of Q1 21 and was entirely due to a slump in the oil and gas sector, where activity contracted by 17.3% yr/yr due to voluntary production cuts.

Saudi Arabia
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Saudi Arabia is leading a fresh effort from the Gulf to assert its regional influence in an attempt to bring the Gaza war to an end, there has been no indication that Israel would consider reducing the intensity of its relentless bombing campaign as it seeks vengeance for the brutal Hamas assault of 7 October.

Iran | Saudi Arabia | Jordan | Bahrain | Yemen | United Arab Emirates (UAE) | Israel | Palestine | Iraq
Issue 1180 - 08 November 2023

Riyadh signs deals for 1.5GW of solar power

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Saudi Power Procurement Company (SPPC) signed power purchase agreements (PPAs) covering a total of 1.5GW of solar photovoltaic power, under round four of the National Renewable Energy Programme.

Saudi Arabia
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The National Anti-Corruption Commission (Nazaha, meaning integrity) has released summaries of 21 recent cases, offering an insight into its work, the scale of some corruption cases and its willingness to indict senior officials. 

Saudi Arabia
Issue 1180 - 07 November 2023

Sudan peace talks held in Riyadh

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Saudi Arabia hosted fresh talks in late October between President General Abdel-Fattah Burhan’s Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) led by Lieutenant General Mohammed Hamdan Dagalo (often known as Hemedti).

Saudi Arabia
Issue 1180 - 07 November 2023

Iranian consul general takes up Jeddah post

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Iran’s consul general in Jeddah Hassan Zarnegar Abarqouie left Tehran early November to take up his post, eight months after Saudi Arabia and the Islamic republic agreed to restore diplomatic ties in a China-brokered deal. 

Iran | Saudi Arabia
Free

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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Governments across the region are trying to ensure the war between Hamas and Israel doesn’t escalate, with potentially disastrous expansion to other fronts. Meanwhile the monarchies and others are trying to assuage the anger many of their citizens feel towards Israel’s actions in Gaza, in a conflict that has profoundly upset recent comfortable assumptions about the regional status quo.

Kuwait | Saudi Arabia | Bahrain | United Arab Emirates (UAE) | Israel | Palestine | Qatar
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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)
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Saudi state Public Investment Fund (PIF) has agreed a joint venture with South Korea's Hyundai Motor Company to set up a $500m vehicle manufacturing plant in Saudi Arabia. PIF will hold 70% of the venture, with Hyundai taking the other 30%. 

Saudi Arabia
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Saudi Arabia is reportedly considering buying up to 54 Rafale jets from France's Dassault Aviation. Dassault has built up a sizeable customer base for its jets in the Gulf: Qatar has taken delivery of 36 Rafales, and the UAE has ordered up to 80 of the fighter bombers. 

Saudi Arabia | United Arab Emirates (UAE) | Qatar
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The Palestinian issue has been steadily sidelined in the minds of most leaders in recent years, but that all changed with Hamas' brutal attack on Israel on 7 October and the devastating bombardment of Gaza that has followed. With the death toll quickly running into the thousands and claims of war crimes being levelled against both sides, Gulf governments are scrambling to deal with the fallout.

Iran | Saudi Arabia | Israel | Palestine | Qatar | Turkey
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The turmoil that has broken out in Israel and Gaza in recent days may lead to a recalibration by Yemen's Houthis of what they should put on their list of demands and how much pressure they can exert on Saudi Arabia in any further rounds of talks. It might also concentrate minds in Riyadh about the need to secure a viable settlement in Yemen, so that the land beyond its southern border is not a long-term harbour of potential danger.

Saudi Arabia | Yemen