GULF WEEKLY: Kuwait’s Crown Prince will oversee government formation, QCB governor appointed, Saudi floating city envisaged

GULF COUNTRIES - Report 19 Nov 2021 by Justin Alexander

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

* Oil dipped below $80 on Covid concerns and the potential release of strategic reserves. However, continued production problems for some OPEC members is more bullish for 2022 prices.
* Saudi Arabia naturalized new citizens, including a prominent Palestinian-American scientist.
* The latest grand project for Neom is Oxagon, envisaged as a floating industrial city.
* In Yemen, the Houthis made further strategic gains to the gates of Marib and on the West Coast.
* Upcoming Dubai IPO possibilities include Salik, Emirates Airline and Habtoor Group.
* The sale of US F-35s to the UAE seems to be dependent on a reduction in Chinese ties.
* The new Qatar Central Bank governor is Bandar bin Mohammed bin Saoud Al Thani.
* Qatar’s inflation surged to 4.3% y/y, the most since 2008.
* Kuwait’s Amir delegated government formation to the Crown Prince, likely due to health problems, as opposition figures returned from exile in Turkey.
* In Oman, OQ and EDO are considering bonds for 2022, and OQ could IPO some of its assets.
* Bahrain plans to cut operating expenses by -20% in 2022 as part of its fiscal balance program.
* Candidates for Libya’s presidency include Khalifa Haftar, the prime minister, and Said al-Islam Ghaddafi.
* In Iraq, Muqtada al-Sadr is looking to form a majoritarian government with Sunnis and Kurds.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.