Gulf countries – Middle East Confidential

Lebanon at Risk of Gulf Countries’ Sanctions Because of Hezbollah

November 13, 2017November 13, 2017 meconfident

Lebanese Prime Minister Saad Hariri gave his first interview in Riyadh to a Lebanese TV channel saying that he will return to Lebanon soon to formally confirm his stepping down and that his country risks enduring sanctions by Gulf countries Read more

Saudi Arabia proposes OPEC output freeze extension

May 24, 2017 Jaber Ali

Reports are emerging that consultations between members of the Organization of Petroleum Exporting Countries (OPEC) and 11 non-members of the organization are likely to reach a deal that would extend the freeze on their output to next year. The current Read more

Oil Prices to Further Drop if OPEC Fails to Reach Output Cut

November 29, 2016 Jaber Ali

The failure by OPEC members to reach a production freeze deal amid disagreements over sharing output cuts risks further drop in oil prices, several analysts warned. As the de facto Saudi-led cartel prepares to meet on Wednesday in Virginia, a Read more

KSA: JASTA Would Lead to “Serious Unintended Consequences”, Riyadh Tells US Congress

September 30, 2016September 30, 2016 Jaber Ali

Riyadh has reacted to the Justice Against Sponsors of Terrorism Act (JASTA) by calling on the US Congress that rejected President Obama’s veto “to avoid the serious unintended consequences that may ensue” from the enactment of the law because “the Read more

GCC: Bahrain, Oman and KSA Downgraded by S&P

February 18, 2016March 16, 2016 Jaber Ali

Most oil dependent countries have been downgraded by Standards and Poor’s rating agency and some Gulf countries were among those affected recently with their ratings reduced by 2notches. The agency cited that the falling oil prices contributed to the decision Read more

Gulf Countries Invested Heavily in North Africa over Past Decade

November 21, 2015November 20, 2015 Jaber Ali

Oil-rich Gulf companies have invested nearly $ 12 billion in sub-Saharan Africa in the past decade, but they injected nearly 10 times as much in North Africa over the same period, according to a study. The findings of this study Read more

Kuwait to buy 24 military helicopters for €1bn

June 11, 2015June 11, 2015 Jaber Ali

Kuwait is about to boost its military forces with 24 Airbus military helicopters according to the French President François Hollande’s office. The contract to be finalized soon is worth around €1 billion. The French army uses the Caracal helicopter to Read more

Qatar will not bow down to US pressure, Baker

June 10, 2015June 10, 2015 Jaber Ali

The Chief Executive of Qatar Airways, Akbar Al Baker, has stressed that Qatar will not succumb to the demands of US airlines for concessions to the ‘Open Skies’ agreement. Airlines in the US have been pushing for the agreements with Read more