King Salman Bin Abdelaziz “could not hold back his emotions as he attended the graduation of one of his sons, Prince Rakan who finished high school studies in Riyadh,” Al-Arabiya reported on 4 . “I attend this graduation not only as Rakan’s...
The official Bahrain News Agency (BNA) on 1 May issued photos of King Hamad Bin Isa Al-Khalifa and his family at leisure in Sharm El Sheikh, at the conclusion of an official two-day visit to Egypt. Hamad was pictured swimming in the Red Sea and...
After being heavily trailed in interviews in The Economist and Bloomberg (GSN 1,008/1), Deputy Crown Prince, secretary-general of the Royal Court, second deputy prime minister and defence minister Mohammed Bin Salman Bin Abdelaziz (MBS) unveiled...
The National Assembly on 26 April passed a long-awaited law to increase electricity and water charges – except, however, for Kuwaiti nationals. The law covers residential apartment blocks, which are mostly inhabited by expatriates, as well as the...
The influential and sometimes intimidating role in overseeing and brokering oil exploration contracts played by a senior Talabani family member Bafal Talabani – now a leading figure in the Kurdistan Region of Iraq’s fight against Islamic State (...
Saudi Binladin Group is fighting a rear-guard action to save its reputation and its position as one of the region’s largest contractors, in the face of what appears to be a severe cash-flow crisis. It has laid off a reported 89,000 workers and...
The UK subsidiary of Qatar Islamic Bank (QIB) has been fined £1.4m ($2m) by local banking regulator the Prudential Regulation Authority (PRA) for “significant failings in assessing, maintaining and reporting to the regulator on its financial...
Abu Dhabi has become the latest Gulf Co-operation Council (GCC) government to tap into the debt market; a $5bn bond offering on 25 April was the wealthy emirate’s first since 2009. Split into two $2.5bn tranches with five- and ten-year maturities...
One of the most explosive allegations made by counsel representing Monde Petroleum’s Yassir Al-Fekaiki in the English Commercial Court battle with WesternZagros Resources Ltd (WZR or WZL) over a holding in the Kurdamir licence (see Politics) is...
Victoria Oil & Gas subsidiary Gaz du Cameroun (GDC) is preparing to drill two additional wells into the onshore Logbaba field and has signed a rig contract with Savannah Oil Services Cameroon. Drilling is planned to start in late Q2 and...
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