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Issue 861 - 26 September 2009

UAE arrests suspected RAK terror cell

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When a 'terror plot' emerges everyone is quick to rush in with their interpretation of the (usually shadowy) events. "An armed cell related to a regional government" was reportedly uncovered over the summer in the northern emirate of Ras Al-Khaimah (RAK). Kuwaiti newspaper Al-Jarida,

United Arab Emirates (UAE)
Issue 861 - 26 September 2009

Ghaya Bint Sultan Death

Free

Ras Al-Khaimah ruler’s court in mid-September announced the death of Sheikha Ghaya Bint Sultan Bin Salem Al-Qasimi

United Arab Emirates (UAE)
Free

Attempts to reassure world markets that the emirate’s debt is no more than $80bn have been overshadowed by the revelation that Dubai World alone owes $59.3bn. Last November, Emaar Properties chairman Mohammed Ali Alabbar – for long a key ally of UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed Bin Rashid Al-Maktoum (MBR) – attempted to reassure financial markets that Dubai’s debt was no more than $80bn. It now appears the figure is higher.

United Arab Emirates (UAE)
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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

MBR sets up Dubai oil agencies

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Dubai Ruler Sheikh Mohammed Bin Rashid Al-Maktoum has issued decrees setting up two new authorities – one to manage crude oil sales and the other to manage energy supplies.

United Arab Emirates (UAE)
Issue 860 - 12 September 2009

US meetings for Abu Dhabi crown prince

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Crown Prince Sheikh Mohammed Bin Zayed Al-Nahayan is in Washington DC for meetings with senior US officials. Accompanying him in talks with President Barack Obama is UAE Foreign Minister Sheikh Abdullah Bin Zayed Al-Nahayan.

United Arab Emirates (UAE)
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)
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)
Issue 859 - 08 August 2009

SHEIKH TAHNOUN meets Prince Charles

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Sheikh Tahnoun Bin Zayed Al-Nahayan, in his capacity as head of the Tourism Development and Investment Company, has been in London to sign an MoU with the Prince of Wales’ School of Traditional Arts.

United Arab Emirates (UAE)
Issue 859 - 08 August 2009

MBR equestrian ban

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The Federation Equestre Internationale (FEI) has banned Federal Premier and Dubai Ruler Sheikh Mohammed Bin Rashid Al-Maktoum (MBR) from riding in endurance races for six months after his horse twice failed doping tests

United Arab Emirates (UAE)
Free

Timothy Geithner’s first visit to Saudi Arabia and the UAE since becoming US Treasury Secretary highlighted again the important role Gulf Co-operation Council governments play in the global economy, and the fact that the strategic alliances between the United States and GCC polities have been central to maintaining the regional status quo. Not only are all the GCC economies, except for Kuwait, pegged to the dollar, but they are also the largest foreign investors in US stocks.

Saudi Arabia | United Arab Emirates (UAE)
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Backed by one of the world’s wealthiest governments, Abu Dhabi National Energy Company is already a major player in ten countries in the GCC, Europe, North America and Africa. Iraq will soon become its next play, chief executive Peter Barker-Homek told GSN

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

Ruler Sheikh Mohammed Bin Rashid Al-Maktoum has bought a Suffolk property, the Grade II-listed Dalham Hall, for £45m. Sheikh Hamdan Bin Rashid Al-Maktoum is the latest Emirati royal to become caught up in a horse doping enquiry.

United Arab Emirates (UAE)
Issue 857 - 11 July 2009

AHMED BIN SAQR: Mystery Club

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Unconfirmed reports have suggested that Sheikh Ahmed Bin Saqr Al-Qasimi has purchased a majority stake in an English Premier League club

United Arab Emirates (UAE)
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GSN lists some – but not by any means all – of the key players operating in the industry

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