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UK authorities and Gulf banks join forces to cut off sources of Islamic State funding

Banks in several of the Gulf’s main financial centres – including Dubai, Kuwait and Qatar – have been developing working relationships with the UK authorities, who, given London’s prominence as an international financial centre, have potentially...

Iraq: More agony for Kurds after international bond failure

The Kurdistan Region of Iraq (KRI) is caught in a financial trap with few viable exits. The costs of maintaining the autonomous state are high and increasing, thanks both to the expense of hosting approximately 1.7m refugees and also to funding...

Iraqi Kurdistan: Commercial realities hobble Erbil’s dream of oil autonomy

The Kurdistan Regional Government (KRG) and federal Ministry of Oil (MoO) in Baghdad have been locked in a long struggle over who controls Iraqi hydrocarbons and the revenue flows that go with them. Since 2007, the Erbil-based KRG’s strategy has...

Saudi Arabia: Israel weighs up Riyadh’s nuclear options

The Tel Aviv-based Institute for National Security Studies (INSS) concluded that the P5+1 group’s nuclear deal with Iran was “not good news for Saudi Arabia, because the agreement means that Iran, Riyadh’s main ideological and geostrategic rival...

Iraq: Erdogan’s military intervention adds to volatile Kurdish dynamics

The Turkish Air Force (THK)’s bombing of positions held by Islamic State (IS, also known as Daesh) in Iraq, which opened on 25 July, was welcomed by the United States and its allies in the conflict with the expansionist jihadist movement. Even...

Saudi Arabia: Cousin and father’s ex-wife seek redress against Abdelaziz Bin Fahd

Prince Abdelaziz Bin Fahd, once seen as the most favoured son of the late King Fahd Bin Abdelaziz, features in two separate judicial processes, triggered by a junior Al-Saud, Prince Sultan Bin Turki Bin Abdelaziz, and Janan Harb, who claims she...

Saudi Arabia: King Salman’s Riviera kerfuffle

Conversations in Paris have turned of late to the richer Gulf states, where President François Hollande has successfully hawked defence sales in Saudi Arabia and Qatar, while elite vendors from the Louvre to up-market real estate agents have been...

Qatar battles its image problem – and creates a windfall for PR companies

Qatar’s substantial lobbying clout has been in evidence again, with a flow of contracts for public relations firms and reports of the ruling Al-Thani’s celebrity friends using their influence to promote Doha’s interests.Recent media reports have...

Kurds’ uncertain presidential succession

The domination of Kurdish politics by the Erbil-based Kurdistan Democratic Party (KDP) and the extended Barzani clan, led by regional President Massoud Barzani, is in question for the first time in a decade. On 19 August, the president’s second...

Mozambique: EDM looks to more diesel generation

Shortfalls in meeting demand in the Central-Northern region due to long delays in installing more sustainable generation capacity mean Electricidade de Moçambique (EDM) is in the market for more diesel power generation. According to EDM executive...

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