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Move to update Libya oil and gas law
Libya is drafting an oil and gas law to reorganise the governance of a sector that has become a battleground between conservatives who want to tighten conditions for foreign companies and reformers trying to open up the economy
Nakheel plan for relaunch takes shape
The troubled Dubai property developer is to channel funds to unpaid contractors and offer clients new terms in order to try to restart dormant construction sites
SABB sees brighter outlook on lending
The Saudi Arabian bank expects to enjoy a better year in terms of growth and profits after non-performing loans took a heavy toll on the sector during 2009
Abu Dhabi learns from neighbour
The emirate has established a committee to provide greater oversight of state-owned companies in a move that appears to avoid some of Dubai’s mistakes
Dubai World guarantees revealed
Dubai has offered Dubai World creditors some guarantees on rescheduled loan repayments in an additional concession that the government says illustrates the generosity of last week’s proposals
Dubai Holding eyes debt options
Dubai Holding, a conglomerate owned by the emirate’s ruler, is looking at options that could include restructuring to deal with as much as $20bn in debts as the Gulf commercial hub looks to grapple with broader debt issues
Israel PM under pressure over peace talks
Benjamin Netanyahu faced growing pressure from the only centrist member of his predominantly rightwing coalition to revive peace talks with the Palestinians and mend Israel’s deepest rift with the US in years
Stern test for Allawi in battle for top job
Iyad Allawi is back at the forefront of Iraqi politics after his Iraqiya secular alliance won 91 seats in this month’s parliamentary election, claiming victory by the narrowest of margins
Search continues for Abu Dhabi fund chief
Sheikh Ahmed bin Zayed al Nahyan, managing director of Adia, one of the world’s largest sovereign wealth funds, was reported missing after his glider crashed into a lake in Morocco
Iraq bombs kill six
Six people have been killed after bombs exploded near the house of a politician linked to a member of the coalition led by Iyad Allawi
Related content and features
Comment
Dubai restructuring just a start
The emirate must go further in terms of transparency and checks and balances, says Andrew England
Viewpoint
Gulf must navigate bumpy road
The year ahead holds many risks and uncertainties for the region’s economies, says Henry Azzam
Markets Watch
Kuwait in money market pain
The country’s funds are paying a high price for financing investment companies, writes Robin Wigglesworth
