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Despite an increasingly sophisticated military infrastructure, a fatal crash and a number of technical faults at a recent air show have undermined President Ahmadinejad’s threats of retaliation if the US or Israel were to strike

Iran
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Syria rapprochement; Egypt meetings; In Washington; Death; Condolences; French meetings; A number of nuptials

Saudi Arabia
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Despite the slow but steady progress now being made on policy issues, the prospect of an old-style ministerial grilling threatens Prime Minister Sheikh Nasser Mohammed and may lead to the dissolution of parliament

Kuwait
Issue 863 - 24 October 2009

UK blacklists Iranian businesses

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In a move to increase pressure on Tehran, the British government has followed US moves by banning all UK-based companies from entering into or continuing any transactions or business relationships with Bank Mellat,

Iran
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After a turbulent year for several GCC economies, private sector underwriters and trade finance banks say they will remain wary of Saudi trade paper until a clearer understanding emerges of how much the Saad Group crisis is going to cost banks in the region.

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Everyone from ‘Great Satan’ America to Al-Qaeda has been blamed for a suicide bombing that targeted senior IRGC commanders in Sistan va Baluchistan. The incident points to deepening confrontation in sensitive, often ethnically distinct border regions such as Khuzestan province, where Tehran has rejected all challenges to its authority

Iran
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Former ambassador Peter Galbraith, who retired from the US State Department in 2003, and who recently made headlines after resigning as deputy head of the United Nations in Afghanistan, has admitted that he was negotiating a potentially lucrative oil deal in Iraqi Kurdistan in 2004 at the same time as he was advising the regional government on constitutional issues.

Iraq
Issue 863 - 24 October 2009

Ailing Al-Bayaa head Mishaal in Geneva

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Following rumours last month that Prince Mishaal Bin Abdelaziz may have suffered a stroke, the Allegiance Commission (Al-Hayat Al-Bayaa) chairman is in Geneva for health care (GSN 861/7).

Saudi Arabia
Free

United Arab Emirates (UAE)
Issue 863 - 24 October 2009

Qatari Emir visits North Africa

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Emir Sheikh Hamad Bin Khalifa Al-Thani has been in Algeria and Libya for official talks. The Emir held meetings with Libyan leader Colonel Muammar Qadhafi, Prime Minister Dr Al-Mahmoudi Al-Baghdadi and Foreign Minister Musa Kusa (previously the foreign intelligence head).

Qatar
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Specialist Lloyd’s of London insurer Hardy Underwriting has entered into a joint venture with Arab Insurance Group (Arig) to develop reinsurance business in the Middle East and North Africa.

Bahrain
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Al-Khobar-based company Soroof International alleges offshore drilling giant induced it to divulge valuable proprietary and confidential information and trade secrets

Saudi Arabia
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Regional attention is focusing on the assistant interior minister as a serious contender for the Saudi throne following his narrow escape from a terrorist attack, writes Sultan Sooud Al-Qassemi*. There has been an unusual development in the much-debated topic of the Saudi succession,

Saudi Arabia
Issue 863 - 24 October 2009

Senior Al-Nahayan’s receive visitors

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United Arab Emirates (UAE)
Issue 863 - 24 October 2009

Carriers tap ECA money

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The UAE’s two leading airlines have tapped nearly $650m in bond and debt facilities backed by export credit agencies (ECAs), reflecting the attractiveness of long-term ECA support at a time when commercial debt remains scarce and highly priced.

United Arab Emirates (UAE)