Baghdad has embarked on a spending spree in an effort to cement the gains from an improving security situation, but regional turmoil continues to make life hard
Profits may be pressured across the aviation industry this year, but some routes are always reliable money spinners that can bring in hundreds of millions of dollars a year in ticket sales and, in one case, more than $1 billion.
The UK’s new Brexit-driven government is weakened by domestic political turmoil and finding it hard to identify a credible response to Iran’s threats to shipping. While a majority of senior ministers in Boris Johnson’s administration lack experience in high office, many of them know the Gulf fairly well. Meanwhile, an under-resourced Royal Navy cannot act alone, posing questions about whose alliance to join
Two members of Kuwait’s royal family, along with a number of other officials, are at risk of being targeted by United States sanctions, in the latest twist in the long-running saga over alleged fraud and embezzlement at Kuwaiti-owned investment vehicle The Port Fund.
The UAE’s plans to develop a new generation of military surveillance capabilities suffered a setback on 11 July, when an Arianespace Vega rocket carrying its French-built Falcon Eye 1 satellite deviated from its course two minutes after launch and was lost.
The stakes are getting ever higher in the protracted dispute over alleged fraud at the investment fund
Prime Minister Adil Abdel-Mahdi on 1 July moved to assert his authority over the country’s many semi-autonomous militias, known as the Hashd Al-Shaabi (Popular Mobilisation Units or PMUs), issuing executiveorder no.37 stating that they be integrated into the national armed forces by the end of the month, continuing a process begun by his predecessor Haider Al-Abadi.
The UAE has been scaling back its military commitment to Yemen, in an unannounced move which appears to have been at least partly prompted by the Hodeidah peace agreement between the Houthi rebels and the Saudi-backed government of President Abd Rabu Mansour Hadi signed in Stockholm in December.
Saudi Arabian Military Industries (Sami), the defence arm of Crown Prince Mohammed Bin Salman’s favoured investment vehicle the Public Investment Fund (PIF), stepped up its deal-making activity in late June, with a string of acquisitions and joint ventures.
The Abu Dhabi emirate government launched another package of initiatives to spur on the local economy on 25 June – the latest in a string of efforts since the Dh50bn ($13.6bn) Ghadan 21 economic stimulus was announced in June last year.