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MIQRIN BIN ABDELAZIZ: Pakistan venture; PRINCE ABDULLAH: Equestrian hopes dashed; PRINCE SAUD: Turkmenistan trip; PRINCESS FAWZIA: Death; AL-SAUD: Al-Shayk wedding in Riyadh; SENIOR AL-SAUDS: Various vacations

The jihadist threat to foreign interests may be waning with the gradual whittling down of the cadre of (known) hardened Yemeni militants. This war of attrition – analysed at length in GSN over the past year, with an update on Al-Qaeda in Yemen/Jund Al-Yemen in Defence and security, below – may not yet signal the threat’s end. But it has convinced governments and corporations that Yemen remains a place where their citizens can travel and where money can be made if care is taken.

The death of the Al-Tamimi brigade’s Hamza Al-Qayti deprived the jihadist movement of a senior leader and suggested that the security forces may have turned the tide against ‘Al-Qaeda’s’ Jund Al-Yemen arm, following confidence-sapping attacks in H2 2007 and H1 2008. But it is premature to say that the threat has gone away.

Royal Bank of Scotland was financial adviser for the Ras Laffan C financing, marking yet another successful transaction in the region for the UK bank group’s project finance team. In May, RBS was appointed as financial adviser for one of Qatar’s

Kuwait Energy Company has purchased Oil Search’s assets in Egypt and Yemen, and announced an agreement with the Somali government, underlining chief executive Sara Akbar’s determination to make the Kuwait-based indie a significant player in emerging hydrocarbons frontiers. A London listing is expected in 2009

The King is sticking to a reform path, having reinforced his control over family and government power structures, but the pace of change remains cautious and even with the Kingdom awash with liquidity major challenges remain for the Saudi leadership. GSN examines the direction of Abdullah’s rule some three years after the respected elder statesman took over the top job.

Ratings agency Moody's Investors Service has published a report in which it responds to ten frequently asked questions about recent

Three sharia-compliant investment funds worth $10bn have been created to seek out opportunities

The Holiday Inn in Beirut, ravaged during the 1975-90 civil war when it was used by militias as a base for fighting, remains a ruin due to differences within Kuwait's ruling family, sources in the Lebanese capital told GSN.

The 615,000 b/d Al-Zour oil refinery, expected to be one of the world’s largest, is facing further delays after the cabinet agreed to refer the project to the State Audit Bureau of Kuwait (SABK) for investigation in response to protests against signing the final contracts by opposition members in the Popular Action Bloc. In May, state-owned Kuwait National Petroleum Company (KNPC) awarded four construction contracts worth $8.3bn to one Japanese and four South Korean companies. An estimated $2bn fifth contract was awarded to US project manager Fluor. Oil, Electricity and Water Minister Mohammed Al-Olaim had already gained support from a parliamentary committee to award the contracts after investigating claims that some contracts were not awarded to the lowest bidder.

State-owned property developer Nakheel has become the latest company to uncover what appear to be incidents of fraud in Dubai’s real estate sector.

The UAE's only Olympic gold medal winner, Sheikh Ahmed Bin Hasher Al-Maktoum, has been outspoken about his countrymen's lack of sporting prowess. "I feel sorry for the young generation.

For the UAE’s troubled energy consumers access to gas from Iran is a tiresome and not very successful process – as the experience of Sharjah’s Dana Gas deal seems to show. Imports from Iran to Sharjah have been delayed for over a year and a half, as both sides are yet to agree on a gas price, and Iran has yet to complete building the facilities to pump gas to the UAE. Internal Iranian politics provide a further obstacle as various factions in the Islamic Republic argue about the need to channel gas into the domestic market, rather than meeting export needs.

The court of Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed Al-Nahayan (MBZ) takes on a new status and a clearly defined role under reforms announced by the emirate’s Ruler and UAE President Sheikh Khalifa Bin Zayed.

Through history Kuwait has energetically asserted its independence, while Iraqi nationalists have jealously eyed what Saddam Hussein called his ‘Nineteenth Province’.  Cross-border connections run deep, and these are impacting on business today