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Saudi Arabia: Bad week for Aramco

As if to confirm the view of market bears that shares in Saudi Arabian Oil Company (Aramco) would fall prey to geopolitical pressures, the shares dropped by more than 10% from their peak on news of the US assassination of General Qassem Soleimani...

Saudi Arabia: King Salman’s accreditations

King Salman Bin Abdelaziz on 8 January received the credentials of another eight new ambassadors to Saudi Arabia, representing Costa Rica, Chile, Kosovo, Hungary, Montenegro, Tanzania, Mauritania and Mauritius. Officials attending the ceremong...

Yemen’s Houthis eye further Iranian support for war against Saudi Arabia

Amid renewed tensions between the Houthis and Saudi Arabia, and with diminishing prospects for peace, the Houthi authorities may see new opportunities to extract more economic and military aid from their ally Iran following the killing of IRGC...

UAE: Dubai revamps governance structure

Federal Vice President, prime minister and Dubai Ruler Sheikh Mohammed Bin Rashid Al-Maktoum (MBR) chaired the first meeting of the Dubai Council on 7 January, the latest initiative to revamp his emirate’s governance and boost its tepid economy....

Iran: Trump sends region to the brink with killing of IRGC kingpin Soleimani

The crowds that thronged the streets of Kerman on 7 January to see the coffin of slain Islamic Revolutionary Guard Corps (IRGC) Quds Force commander General Qassim Soleimani were in sharp contrast to the crowds that filled the streets of Iranian...

Yemen museum reopens

There was a boost for the region’s museum culture from an unusual source, with the competion of building work as an important initial step taken to reopen the National Museum in Taiz. A museum since 1967 – and previously the residence of Imam...

UAE/RAK: Saud Bin Saqr’s camel racing festival

RAK Ruler Sheikh Saud Bin Saqr Al-Qasimi attended several days of the Sheikh Mohammed Bin Zayed Camel Racing Festival at RAK’s Al-Sawan racetrack in late December, crowning the race winners. He was joined by Crown Prince Sheikh Mohammed Bin Saud...

UAE/Oman: South Korea considers enhanced military co-operation

The UAE is to deepen military co-operation with South Korea in areas such as intelligence, cybersecurity and munitions, undertaking joint research and exchanges of technology. UAE minister of state for defence affairs Mohammed Bin Ahmed Al-...

Talks over Ethiopia Scaling Solar awards

The Ethiopian government and World Bank Group (WBG) are holding high-level talks about the first round of the Scaling Solar programme, in which Saudi Arabia’s Acwa Power was awarded two 125MW projects – Gad and Dicheto – on 11 September after...

Equatorial Guinea: Supercar sale fetches $27m

A sale took place in Switzerland on 29 September of 25 supercars seized by Swiss authorities from vice-president Teodoro Nguema Obiang Mangue, known as Teodorín, the son of the president. The cars were auctioned with no reserve on behalf of the...

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