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Tag Archives: GCC

Iran holds annual drill in Strait of Hormuz

Iran’s military launched an annual drill in the Gulf near the strategic Strait of Hormuz waterway, Iranian state TV reported on Thursday, at a time of high tension between Tehran and Washington. The three-day exercise in the eastern side of the strait in the Gulf of Oman is aimed at …

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UAE, Iran in COVID talks

The foreign ministers of longstanding regional foes Iran and the United Arab Emirates agreed on Sunday that they would strive to cooperate during the COVID-19 pandemic. In a video call during which they also exchanged greetings for the Muslim Eid al-Adha holiday, Sheikh Abdullah bin Zayed al-Nahyan told his Iranian …

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Latest Iranian military drills in Gulf inflame tensions

US Navy carrier in the Arabian Gulf

Iran’s elite Revolutionary Guards launched a military drill in the Gulf on Tuesday, Iranian state television reported, at a time of high tension between Tehran and Washington. The U.S. military said the drill had caused two bases with American troops in the region to go on heightened alert and said …

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Iraqi PM headed to Saudi and Iran

Iraqi Prime Minister Mustafa Al-Kadhimi will travel to Saudi Arabia and Iran back-to-back next week, carefully balancing ties to regional rivals in his first foreign trip as premier, officials said Saturday. On Sunday, Al-Kadhimi will host Iranian foreign minister Mohammad Javad Zarif in Baghdad, before traveling with Iraq’s ministers of oil, electricity, …

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Insight 238: Turning Gulf Security Upside Down

06 Jul 2020 This story first appeared as an MEI Insight A podcast version of this story is available on Soundcloud, Itunes, Spotify, Stitcher, TuneIn, Spreaker, Pocket Casts, Tumblr, Podbean, Audecibel, Patreon and Castbox. Resolving the tug of war in the Middle East will require a backing away from approaches that treat conflicts as zero-sum games, and engagement by all regional and external players. …

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UAE elected top media leader in Arab world

During its 50th Ordinary Session, chaired by Saudi Arabia, the Arab Information Ministers Council selected the Emirate of Dubai as the 2020 ‘Capital of Arab Media’. The Council’s decision confirms the UAE’s role in supporting Arab and international media and further recognises Dubai’s prominent media stature. Dr. Sultan bin Ahmed …

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New wave of tankers hit, in Oman Gulf

Two oil tankers were hit in suspected attacks in the Gulf of Oman, shipping firms and industry sources said on Thursday, sending oil prices as much as 4% higher a month after four other tankers were damaged by limpet mines in the region. One of the tankers, the Front Altair, …

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A Win-Win for Iran and the Region

By Seyed Hossein Mousavian*   There is copious academic research on why the Middle East and North Africa (MENA) region is mired in ethnic and sectarian violence. However, the specific question of what workable models can be presented that would not only be effective in ending conflicts but also bring …

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Internal audit needs to go digital

The ongoing era of digital transformation taking place in the region promises profound change and great opportunity, but it also brings new risks and uncertainties. As the business function that evaluates risk management, internal audit could be critical to making an organisation’s digital transformation a success. Equally, unless the function …

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GCC economies begin recovery after a slow start

Higher crude production and recovering oil prices will aid growth in an otherwise sluggish oil sector and strengthen fiscal and external balances for the GCC economies, according to ICAEW’s latest Economic Insight report for the third quarter, produced by Oxford Economics. The report forecast global crude oil price to average …

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GCC military chiefs hold meeting

The GCC’s Supreme Military Committee of Chiefs of Staff held its 15th meeting on Monday with the participation of all members, including Qatar. Saudi Arabia, UAE and Bahrain, which have been boycotting Doha for its links to extremism since June last year, have no contact with Qatar outside of GCC …

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Moody’s downgrades Bahrain to B2

Moody’s has downgraded the Bahrain government’s long-term issuer ratings to B2 from B1, and maintained its negative outlook. The ratings firm said on Thursday evening that the new rating assumes Gulf Cooperation Council members will provide some financial support to Bahrain, but the negative outlook reflects the risk that the …

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Gulf states need to work on their web speeds

Quite disappointingly, the Gulf states have not achieved outstanding results in the 2018 report concerning internet speeds. The best performance among Arab nations was Bahrain’s, but it could place only 90th worldwide, far behind South Asia and Europe, according to rankings compiled by cable.co.uk. Of the other GCC countries, the …

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Medical tourism packages for GCC residents

Dubai Health Authority’s Health Tourism Council and Emirates Holidays, the tour-operating arm of Emirates Airline, are collaborating to offer visitors a plethora of tailor-made health and wellness holidays in Dubai. The several medical tourism packages launched include options for GCC residents. The move will help DHA achieve its objective of …

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Africa, south-east Asia seen driving takaful growth

The global Islamic insurance (takaful) industry has strong growth prospects across relatively new markets in Africa and south-east Asia, with significant Muslim populations, as well as core markets such as the GCC, Malaysia and Turkey, according to analysts. In light of the industry’s strong growth prospects, the World Takaful Conference …

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Saudi Arabia’s expat tax conundrum

This month was the end of the line for many Asian expatriates in Saudi Arabia who chose to return home following the conclusion of the school year and final exams. With rising levies on each expat every successive year, many of them folded up and made preparations for an early …

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