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Austrian press reports suggest that Oman paid $50m to secure the release of three European hostages held in Yemen.

Following mediation from Oman, they were released to Omani authorities late on 8 May.

  Bahrain’s decision was not wholly unexpected given it hosted the June 2019 Peace to Prosperity economic workshop (GSN 1,084/14).

With Saudi Arabia nearing a deal with southern secessionists, Yemen has a new balance of power following the UAE’s force withdrawal, leaving scope for other actors, including Qatar, to expand their presenceWith

Saudi Arabia on the verge of sealing the Riyadh Agreement deal with southern secessionists, further destabilisation in the wake of the UAE’s withdrawal of forces from southern Yemen may be averted.

It is unlikely that those who had hitherto believed firmly in the imminence of the Red Menace still do so with the same conviction.

Below, an extract from Saudi Arabia Newsletter of November 1979 shows how South Yemen and Saudi Arabia found areas of common interest despite their opposing political sympathies Further reading: Yemen:

Although they cannot be corroborated, rumours abound in Yemen that Saleh received significant economic benefits in Dubai as a result of the deal which may have run to attractive deals on real estate and

As the fight between the Houthis and Sunni extremists broadens, a key question will be the Houthi capacity to deal with an increasingly fractured extremist movement.

Threatening the GCC deal In an emergency meeting of the United Nations Security Council in New York on 13 October, UN special envoy to Yemen Jamal Benomar described the PNPA as the “best hope to

The United States Navy said it had seized 2,116 AK-47 assault rifles in the Gulf of Oman on 6 January that were being sent from Iran to Yemen.

The US Navy said its vessels had intercepted two other fishing vessels in the Gulf of Oman in the past two months that had been smuggling arms from Iran to Yemen.

Yemen. Oman has often acted as a peace-broker in the region, and played a key role in bringing together the Americans and the Iranians in 2013, as the two sides put out feelers about the viability of serious

Finance minister Sakher Al-Wajeeh has said subsidies will be cut as part of a deal Yemen hopes to agree with the International Monetary Fund for new loans worth more than $500m.

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Belgium is Oman's second biggest trading partner in the European Union.

Among the key elements of the relationship has been the role of Belgian companies at Duqm Port, which was developed and is operated by Consortium Antwerp Port under a 28-year deal.

Since the peace deal struck in November 2011, a key demand of many opposition politicians has been that Ali Mohsen and Ahmed Ali be removed, something which Hadi’s December decrees seemed finally

) and UN-backed peace plan (see High-stakes Yemen dialogue may start in February).

In Q1 15, the Oman-Iran gas pipeline project entered its first phase of implementation; the estimated $60bn, 25-year deal is intended to deliver 10bcm/yr through a pipeline under the Gulf of Oman from

a go-between with Yemen’s Houthis.

If a lasting peace settlement can be achieved, a long, hard recovery beckons after decades of false dawns.

” Saudi aid: Riyadh pledged $1.2bn in support to Yemen on 1 August, to help the government deal with its budget deficit, to pay public sector salaries and cover the cost of food imports.

Oil deal questions There has also been controversy over a plan by Yemen’s internationally-recognised government to sell 18m barrels of oil to Dubai-based oil and derivatives trading

Reports suggested the deal could be worth $1.1bn to the cash-strapped government.

They have refrained from conducting cross-border strikes since then but, since the ceasefire deal expired, they have targeted oil facilities in Hadramawt and Shabwa (GSN 1,158/7).

On the eve of the end of the truce, Houthi officials had issued warnings to foreign oil and shipping companies working in Yemen.