GULF WEEKLY: Bahrain proposes Qatar airspace talks, Oman’s nominal unemployment doubles, fistfight in Kuwait’s parliament

GULF COUNTRIES - Report 25 Jun 2021 by Justin Alexander

​A skimmable summary overlaid with our analysis and links. Headlines:

* Gulf states, bar Saudi and Bahrain, congratulated Raisi for winning the Iranian election.
* Iran’s monitoring agreement with the IAEA expired as nuclear talks enter their final stage of brinkmanship before a deal.
* Aramco extended its $10bn loan for a year on much better terms and closed the $12.4bn sale of equity in its pipelines.
* Dubai’s ICD wealth fund lost -$4.2bn in 2020, due to Emirates. Dubai repaid a $500m bond.
* Abu Dhabi’s wealth fund ADQ received ratings ahead of a potential issuance.
* The Qatar Economic Forum featured rare interviews with many officials, including the ministers of finance and energy, and a speech by the Emir.
* Saudi and Egypt appointed ambassadors to Qatar. Bahrain offered an olive branch on control of Qatari airspace.
* Kuwait’s budget narrowly passed amidst theatrics and fistfights in the National Assembly.
* Oman’s official unemployment rate more than doubled in a month to 4.9%, presumably due to a change in reporting, or registrations after the protests.
* Oman has reimposed curfews as cases and deaths continue to surge, tripling in recent weeks.
* Saudi Arabia is considering investing in an industrial zone in Oman.
* There are hints of progress in Yemen peace talks as a result of Omani mediation.

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