gulf arab states

Amid Strains, Qatar Urges Iran, Gulf Arabs to be Good Neighbors

DUBAI, Sept 13 – Qatar’s Emir called for good neighbourly relations between Gulf Arabs and Iran in a telephone call with Iranian President Hassan Rouhani, Qatar media reported, amid fresh strains between regional rivals Saudi Arabia and Iran over the haj pilgrimage. Tensions have been rising since Gulf Arab allies variously cut or downgraded ties

[ Read More ]

Business Outlook: Steady As They Go

Turkey’s coup won’t really affect the GCC Markets BY Tarek fadlallah The dramatic events in Turkey last month have led to increasing volatility in the country’s financial market, following a sharp sell-off in stocks, bonds and the Turkish Lira. In the week after the failed coup, the Borsa Istanbul 100 Stock Index fell by nearly

[ Read More ]

Bahraini Shiite Clerics Warn Against Targeting Muslim Sect

DUBAI, June 18 – Senior clerics warned on Saturday against any attempt to target Shiite Islam by undermining a pillar of the sect’s creed, the Khums tax, apparently following reports that authorities were investigating funds held by Bahrain’s top Shiite cleric. The warning could pave the way for a showdown between the Gulf Arab state’s

[ Read More ]

Funding, Regulation Challenge Saudi Private Sector Drive

By Andrew Torchia and Marwa Rashad JEDDAH, Saudi Arabia, June 16 – After decades of government-led growth, Saudi Arabia is handing over much of the responsibility for the economy to private firms – a prospect which both pleases and worries businessmen, who wonder how they can finance new projects in an age of austerity. As more

[ Read More ]

Saudi Arabia: Quietly Does It

The Saudi transformation few are paying attention to BY Fahad Nazer Media coverage of Saudi Arabia over the past year has largely focused on its new, more assertive foreign policy, as demonstrated by its military campaign in Yemen. More recently, a blueprint for economic reform known as “Vision 2030” aimed at reducing the country’s dependence on

[ Read More ]

GCC: Summer Is Coming

The Gulf’s forthcoming reforms bode well for the future BY Tarek Fadlallah The contrarian case for making tactically positive trades during Gulf Cooperation Council (GCC) market weakness earlier this year has been sound. It remains on track to deliver further modest gains once Ramadan is over and the traditionally slow summer season has passed. The supportive elements

[ Read More ]

Saudi Arabia Criticises U.N. Over Yemen Blacklisting

RIYADH, June 6 – Saudi Arabia has rejected a United Nations report that criticised the military coalition it is leading in Yemen, saying it was based primarily on information supplied by its adversaries. On Thursday U.N. Secretary General Ban Ki-moon added the Saudi-led coalition to an annual blacklist of states and armed groups that violate

[ Read More ]

Bahrain Arrests Eight Men Trying to Escape to Iran by Boat: BNA

DUBAI, June 5 – Bahrain’s coast guard has arrested eight people who were trying to escape to Iran by boat, state news agency BNA reported on late on Saturday. Bahrain’s official agency said two other men it described as “fugitives” had organised the escape from Iran. The eight men had already been convicted – in

[ Read More ]

Terror Case Opens Up Kuwait’s Sectarian Divisions

By Sylvia Westall KUWAIT, June 2 – Kuwaiti security service officers raided farmhouses near the Iraqi border late last summer, slicing through carpets and smashing open concrete floors. Hidden in large plastic containers was a weapons cache, the largest discovered in Kuwait’s history. State television showed Kuwait’s Interior Minister, a senior ruling family member, solemnly

[ Read More ]

Gulf OPEC Members Seek Joint Action on Oil Output

By Rania El Gamal and Shadia Nasralla VIENNA, June 1 – Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday, a senior OPEC source said, but Iran signalled the country was not ready for any such pact. “The Gulf

[ Read More ]