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Recently created credit insurer Export Credit Insurance Company of the Emirates had a successful first year despite the Dubai debt crisis and other effects of the global credit crunch.

French defence minister Hervé Morin was in the Kingdom for a two-day visit in early June. He said

Lawyers believe the long fight for the release of human rights activist Sheikh Suleiman Ibrahim Al-Reshoudi is putting down markers for change and liberalisation in the Kingdom

Travels, Denies allegations,Talking up the Makkah metro, New ruler’s representative, US meetings, Extensions

An upsurge in interest in the tiny emirate puts the spotlight once again on the struggle for power between the aged ruler’s feuding sons

There is eager speculation about business prospects in Iraqi Kurdistan once a number of key obstacles – including Baghdad’s refusal to pay IOCs for exporting oil or to recognise contracts they have signed with the KRG – are cleared

A big Saudi deal will help breathe life into the Gulf Co-operation Council project finance market, when commercial debt and export credit agency money are finalised for the $2.3bn PP11 power project in Riyadh.

One year on from the mass protests which threatened to overthrow the regime, a new round of UN sanctions will attempt to tighten the screw on Iran’s stuttering economy, but so far President Mahmoud Ahmadinejad’s government has brutally seen off all challenges

In early June, California Strategies asked US attorney general Eric Holder to investigate what the firm believes is a case of computer hacking. The company believes hackers had accessed sensitive files relating

King Abdullah has appointed Major General Mohammed Bin Abdullah Al-Ayish as commander

Rising tensions between the two neighbours and complications involving Saudi Arabia, rather than any financial or technical issues, may have led to the estimated $4.5bn Friendship Bridge between Bahrain and Qatar being cancelled, GSN was told – although financial strains were also apparent in the mega-project. A source in Doha said the project was cancelled in early June, although it “has already cost millions of dollars and over 300 companies are involved. Relationships between Bahrain and Qatar are poor and KSA is claiming a strip of sea the bridge was to go through.”

New Bahrain Citibank chief, United Gulf to sell stake in Tunis International, Dollar sukuk issue ‘in third quarter’, NBK Islamic fund fully subscribed in one day, Investment Dar restructuring nears approval, Qatari Diar ‘prepares $3.5bn bond issue’, Doha Bank eyes $1bn bond sale, New evidence in DIB fraud case

One of the UAE’s largest insurers, Oman Insurance Company (OIC), has elected a new board after all seven members resigned “for personal reasons”.

Bahrain has made another attempt to curb migrant labour by offering an amnesty to workers – particularly street vendors – who have overstayed their visas or are working illegally. The amnesty, launched in late May, is available only to those who are willing to return to their home country and will not apply to those already under investigation for visa breaches.

Ten people have been killed in clashes between northern Houthi rebels and government-allied tribesmen