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Sharjah-based Dana Gas is due to repay a controversial sukuk at the end of October, following the sale of its Egyptian operations and the signing of a $90m bank loan. On 25 October, Dana Gas announced it was selling its interests in the El Manzala, West El Manzala, West El Qantara and North El Salhiya onshore concessions to IPR Wastani Petroleum, a subsidiary of Texas-based IPR Energy Group, for up to $236m. Of that, $153m will be paid up-front and the rest is contingent on crude prices and production levels in the period to 2023.

United Arab Emirates (UAE)
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Mustafa Al-Kadhimi’s government is under extreme economic, as well as political, pressure, led by the demands of maintaining bloated state sector budgets, which are central to Iraq’s political patronage machine; current spending has inflated to some $6bn-7bn/month to keep ministries operating and pay government salaries and pensions. This is far more than revenues will provide, as recognised by a borrowing law which would allow the government to draw $3bn/month from Central Bank of Iraq (CBI) reserves.

Iraq
Issue 1113 - 29 October 2020

UAE/Dubai: New stimulus package

Free

Dubai Crown Prince and Executive Council of Dubai chairman Sheikh Hamdan Bin Mohammed Bin Rashid Al-Maktoum announced a Dh500m ($136m) economic stimulus package on 24 October, in the authorities’ latest efforts to short up the emirate’s economy.

United Arab Emirates (UAE)
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After almost two months of protests in which more than 400 people are thought to have been killed and another 15,000 injured, Prime Minister Adel Abdel-Mahdi accepted reality, announcing on 29 November that he would step down. His resignation was accepted by the Council of Representatives (parliament) on 1 December, but Abdel-Mahdi and his cabinet will stay on until a new administration is formed.

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With many Gulf Co-operation Council (GCC) countries now starting to ease restrictions imposed to counter the spread of coronavirus, GSN has carried out an analysis of the number of new Covid-19 cases and deaths attributable to the disease across the region. While some governments appear to be getting the virus under control, at least to some degree, an analysis of data collated by the European Centre for Disease Prevention and Control suggests other countries remain firmly in the grip of a healthcare crisis.

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The relationship between Abu Dhabi Crown Prince and UAE Armed Forces deputy supreme commander Sheikh Mohammed Bin Zayed Al-Nahyan (MBZ) and Dubai Ruler, federal Vice President and prime minister Sheikh Mohammed Bin Rashid Al-Maktoum (MBR) is inevitably complex, with many of its working parts hidden from public view and shielded by a cloak of lèse-majesté. Ties that have bonded the two leaders in creating in the emirates a global pole of commercial achievement and influence have long played a positive role in the region.

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Sultan Qaboos (b. 18 November 1940) comes from the Al- Busaidi dynasty, which was founded in the mid-18th century when Ahmed Al-Busaidi succeeded in expelling Persian forces from Muscat and the Omani coast, and proclaimed himself imam. This Al-Said was published in November 2018. It includes  brief background notes focused on the system in place to transact the succession after Sultan Qaboos.

Oman
Issue 1000 - 18 September 2015

Sharjah’s Al-Qasimi take on a mix of roles

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The Al-Qasimi family has old origins, especially compared to some of the region’s younger ruling families. They are part of the Qawasim tribe, a leading sub-section of the widespread Sunni Huwalah. The Huwalah migrated between Persia and Arabia, and produced other well-known families, such as the famous Qatari merchants the Darwish. Members of the Qawasim are a key base of support for the Al-Qasimi.

United Arab Emirates (UAE)
Issue 1000 - 24 September 2015

Ras Al-Khaimah: Al Qasimi family tree

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Following the death in 2010 of Sheikh Saqr Bin Mohammed Al-Qasimi, who had ruled the emirate since 1948, the Al-Qasimi of Ras Al- haimah (RAK) have apparently united around his successor Sheikh Saud, in a leadership where the family dominates most key positions.

United Arab Emirates (UAE)
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Questions about the health of the elderly rulers of Kuwait and Saudi Arabia have become central issues in recent days, in the wake of both men being hospitalised and undergoing surgery. Kuwaiti Emir Sheikh Sabah is expected to spend some time recuperating in the United States, at the very least slowing down his important role as a regional peacemaker

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The death of Emir Sheikh Sabah Al-Ahmed Al-Jaber Al- Sabah in the early hours of 29 September marked the end of an era for Kuwait and the wider region. Born in 1929, the 91-year-old was Kuwait’s 15th emir and ruled for over 14 years, since January 2006.

Issue 1112 - 15 October 2020

Kuwait: Crown Prince Mishaal Al-Ahmed

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Sheikh Mishaal Al-Ahmed Al-Jaber Al-Sabah was born in 1938 and, until being named crown prince in early October, had been serving as lieutenant-general and deputy chief of staff of the Kuwait National Guard since 2004 with the rank of minister. Mishaal is by most accounts well-respected within the ruling family and could act as a bridge between the various Al-Sabah factions.

Kuwait
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Emir Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah has been in power since January 2006; he is 85 years old, and there are some concerns about his health. His half-brother, Crown Prince Sheikh Nawaf Al- Ahmed Al-Jaber Al-Sabah, is expected to succeed him when he dies, and is a fairly uncontroversial choice, although, at 77, he is also advancing in years. Presuming Nawaf succeeds, the key question is who will be the next crown prince.This report includes a one-page analysis article and a one-page family tree showing the key players and relationships between the main branches of the Al-Sabah family.

Issue 1044 - 22 September 2017

Khalifa Bin Zayed: Adds MBZ son to Adec

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President Sheikh Khalifa Bin Zayed Al-Nahyan reshuffled the Abu Dhabi Executive Council (Adec) on 13 September, adding three new faces. Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed (MBZ) remains as chairman.

United Arab Emirates (UAE)
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Risk Management Report – GSN Risk Grade – E↓5↓ POLITICS: Confronted by conflict, which has exacerbated multiple humanitarian crises, Yemen has long teetered on the verge of collapse and ‘failed state’ status (GSN’s political risk category F).

Yemen