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Subscriber

Emir Sheikh Hamad Bin Khalifa Al-Thani was in Paris on 22 August to meet President François Hollande.

Qatar
Subscriber

Around the world, battles continue surrounding the Ahmed Hamad Algosaibi & Brothers company (Ahab) and subsidiaries’ default, which dates back to the 2009 crash that the family blames on Maan Al-Sanea. The Algosaibis argue that some $9bn is in play; banks suing Ahab reportedly have some $5.9bn in outstanding claims, of which one-third is held by Saudi banks, and most of the rest by international banks (those with big exposures include BNP Paribas and Standard Chartered). ‘Vulture’ and other funds have purchased paper in secondary market deals, which could further complicate an eventual settlement, which will surely involve creditors taking a substantial ‘haircut’ on their debts.

Saudi Arabia
Issue 1071 - 13 December 2018

Qatar: Emir Sheikh Tamim’s Malaysia visit

Subscriber

Continuing his extensive series of international trips, Emir Sheikh Tamim Bin Hamad Al-Thani flew to Malaysia in early December for what was officially billed as a “working visit”. He arrived at Kuala Lumpur International Airport on 5 December, where he was greeted by foreign affairs minister Saifuddin Abdullah.

Qatar
Subscriber

Emir Sheikh Tamim Bin Hamad Al-Thani inaugurated the strikingly-designed National Museum in Doha on 27 March. Qatar’s allies showed up to mark the occasion, including French prime minister Edouard Philippe, German minister of state for international culture Michelle Muntefering, Omani heritage and culture minister Sayyid Haitham Bin Tariq Al-Said, Kuwaiti deputy prime minister and defence minister Sheikh Nasser Sabah Al-Ahmed Al-Sabah and Turkish vice president Fuat Oktay.

Qatar
Issue 1001 - 07 October 2015

Dubai: Third MBR PV tender

Subscriber

Expressions of interest were expected by end-September to install 800MW of photovoltaic power at Mohammed Bin Rashid Al-Maktoum Solar Park under a 25-year power purchase agreement, with commissioning expected from 2018. Dubai Electricity and Water Authority (Dewa) plans for the park’s capacity to reach 3GW by 2030. This is the third tender for the project: the 13MW phase one went online in April 2013, and work by Saudi-based ACWA Power and Spain’s TSK, using First Solar modules, is under way on the 200MW phase two.

United Arab Emirates (UAE)
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Fighting in Al-Dali Province, known as the ‘door to the south’, continues between government forces and protesters from the Southern Movement, Al-Hirak. Confrontations began on 27 December after the 33rd Armoured Brigade shelled a school during a funeral for a Hirak activist. The brigade commander, Abdullah Dhaban, initially said that his soldiers were returning fire after their camp came under attack by Hirak militia. UN Security Council Resolution 2140 of 26 February– which also called for sanctions on those disrupting the transition – emphasised the need for both parties to adhere to international humanitarian law, and called for an investigation.

Yemen
Issue 951 - 18 July 2013

Kuwait: British investments

Free

The Kuwait Investment Authority (KIA)’s main investment arm, the Kuwait Investment Office, now manages more than $120bn globally, compared with just $27bn ten years ago. KIA managing director Bader Mohammed Al-Saad was recently quoted by Reuters as saying the sovereign wealth fund had more than doubled its investment in the UK. “The KIA has invested more than $24bn in the UK across all asset classes, sectors and industries. Ten years ago, it was $9bn,” he told an investor lunch in London.

Kuwait
Issue 985 - 22 January 2015

Saudi Arabia: Aveva opens Khobar office

Subscriber

UK-based engineering software firm Aveva said on 14 January that it had opened its second office in the Middle East, in Al-Khobar, in Saudi Arabia’s Eastern Province. The Cambridge-based company established its first office in the region in Dubai in 2004; while it has had a foothold in Al-Khobar, a spokeswoman said the new office represented its first formal base in Saudi Arabia. Saudi Arabia plans to increase its electricity generating capacity to 120GW by 2032, to meet the kingdom’s rapidly growing demand.

Saudi Arabia
Subscriber

There are a number of difficulties still to overcome, but the neighbours finally appear to have made progress in efforts to settle long-running border disputes and assign landmarks.

Iran | Iraq
Issue 1025 - 03 November 2016

Saudi Arabia: UK arms sales set to continue

Subscriber

The UK government seems unlikely to scale back or suspend arms sales to Saudi Arabia, despite mounting criticism in London about the way Riyadh is prosecuting the war in Yemen. Speaking in the House of Commons on 26 October, Prime Minister Theresa May declined to answer demands to halt arms sales in the light of alleged human rights abuses by the Saudi-led coalition. Meanwhile, other indications suggest her government is pressing ahead with plans for more export orders to the Gulf.

Saudi Arabia
Subscriber

Fear of the consequences of a fragmented opposition preoccupies the Joint Meeting Parties (JMP) and President Ali Abdullah Saleh, with the possible fragmentation of the secessionist Southern Movement opening the way for long-held thoughts about a new political dispensation in the Hadramawt. GSN’s soundings in Yemen

Yemen
Issue 1094 - 13 December 2019

Oman: Muscat to sell stake in OOC

Subscriber

Oil minister Mohammed Al-Rumhi said on 4 December the government intended to sell 20%-25% of the shares in Oman Oil Company (OOC) by end-2020. Given that OOC no longer receives capital transfers from the government, a part-privatisation will allow it to raise additional capital and adopt a different risk profile in its future investments.OOC is structured as a commercial company which invests in energy assets inside Oman and abroad.

Oman
Free

Sharjah-based company’s oil and gas exploration deal with Rosneft will focus on the Mena region

United Arab Emirates (UAE) | Qatar
Issue 1045 - 06 October 2017

Iran: Kazakh navy visit

Free

Two ships from the Kazakhstan Naval Force docked in Anzali in late September, in the first such visit from the country. The Oral and Saryarka ships, under the command of Captain Niyaz Bekov, called in to the Caspian Sea port on 27 September and left three days later. It followed a visit by Iranian ships to Kazakhstan in April, in a series of goodwill visits among the countries bordering the Caspian Sea.

Iran
Subscriber

The prospect of major oil discoveries appears to have ended questions raised when Gulf Keystone announced that Etamic had become its partner, although there remains little information about the deal