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Issue 847 - 13 February 2009

UAE talks tough on missile defence

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Reflecting growing bilateral ties in the sphere of defence planning, the US and UAE scripts on the seriousness of Iran’s nuclear programme are quickly coming into sync. Just over a month since the UAE Armed Forces Officers Club in Abu Dhabi hosted the first Middle East Missile and Air Defence Conference, a government-run think-tank issued statements that were unusually blunt in describing the nuclear threat to the region.

United Arab Emirates (UAE)
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Outspoken younger generation businessman (and blogger) Sheikh Sultan Bin Saud Al-Qasimi has written an article in Abu Dhabi’s The National newspaper, saying there should be no space for elitism in the Gulf

United Arab Emirates (UAE)
Issue 846 - 30 January 2009

SHEIKH SAUD: Meetings

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Crown Prince Al-Qasimi has held talks with Zambia’s Finance Minister.

United Arab Emirates (UAE)
Issue 846 - 30 January 2009

Al-Ghurairs eye Mozambique

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In September, Dubai’s ETA Star Holdings was named as part of a consortium awarded the 10,957km2 Block B in Mozambique. Other members are Pakistan-focused Orient Petroleum International (run by Pakistan’s wealthy Hashwani family) and the local Osho Energia Limitada.

United Arab Emirates (UAE)
Issue 846 - 30 January 2009

Princess Haya: Maxima meeting

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While Netherlands Crown Prince Willem-Alexander was touring Dubai his wife Princess Maxima met with Sheikh Mohammed Bin Rashid Al-Maktoum’s wife Sheikha Haya.

United Arab Emirates (UAE)
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Russia’s Gazprom has made a deal with Kuwait’s Noor Financial Investment Company to set up a joint venture targeting exploration and production work in Russia and the Middle East. The signing of a bilateral agreement on civil nuclear co-operation with George W Bush’s administration prior to the Republican president’s departure from office has raised some eyebrows in the United States, for fear that it will spark a ‘nuclear arms race’ in the region.

Kuwait | United Arab Emirates (UAE)
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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.

United Arab Emirates (UAE) | Bahrain
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The credit crunch is slowing down the pace of investments, but the announcement that a Dubai government flagship is to ‘invest $16bn’ in Nigeria serves as a reminder of the extent to which Gulf investors have sought out new business in Africa. GSN has tracked the move of Gulf business players into the continent over a long period, and can record some real investments as well as the usual welter of statements of intent that mark the entry of apparently ever more Arab investors into African business.

Nigeria | United Arab Emirates (UAE) | Qatar
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Dubai Ruler Sheikh Mohammed Bin Rashid Al-Maktoum (MBR) and his sons Crown Prince Sheikh Hamdan and Dubai Culture and Arts Authority chairman Sheikh Majid have held talks with Malaysian Prime Minister Abdullah Ahmed Badawi.

United Arab Emirates (UAE)
Issue 870 - 29 January 2009

Ahmed Bin Saeed Al-Maktoum

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Ahmed Bin Saeed Al-Maktoum

United Arab Emirates (UAE)
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Reports in French newspapers suggest that Qatar’s Emir Sheikh Hamad Bin Khalifa Al-Thani may not have his way over a multi-million dollar renovation of the Hotel Lambert in Paris. Paris mayor Bertrand Delanoë has said the Emir’s plans for the building, built in 1639 and part of a Unesco world heritage site, include underground parking, new elevatorsand additions to the living areas. “This is a real threat to a gem of Paris heritage, the only private house from the end of Louis the XIII’s reign that remains untouched’’.

United Arab Emirates (UAE) | Qatar
Issue 845 - 16 January 2009

Al- Maktoums, MBR and others

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Al Maktoums: Family wedding attracts big guns but is then postponed, MBR and others: Victory in the new sport of kings

United Arab Emirates (UAE)
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Five country ratification is the first hurdle. Policy and structural detail will have to follow soon if markets are to take the GCC’s monetary union plan seriously.

Kuwait | Saudi Arabia | Bahrain | United Arab Emirates (UAE) | Qatar
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Fujairah Crown Prince Sheikh Mohammed Bin Hamad Al-Sharqi has spoken about his emirate’s crippling electricity shortages, inflation woes and other policy issues (GSN 797/2).

United Arab Emirates (UAE)
Issue 842 - 05 December 2008

Options weighed for Dolphin refinancing

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Manoeuvrings for refinancing one of the GCC region’s most important energy transfer projects, the Dolphin Energy Ltd (DEL) gas pipeline between Qatar and the UAE, are expected to accelerate in the New Year, although bankers are remaining tight-lipped on details. The Dolphin refinancing will replace some

United Arab Emirates (UAE) | Qatar