Saudi Arabia

Muslim Brotherhood’s rise sparks paranoia in the GCC

Gulf states wary about the group’s recent political successes in North Africa Speaking at a Ramadan event in late July, Dubai’s police chief, Dahi Khalfan Tamim, issued a dramatic warning against any attempt by the Muslim Brotherhood to overthrow the Gulf monarchies. The movement, he claimed, had “met people from the Gulf” to discuss “toppling [...]

Gas still a challenge for resurgent Middle East market

The combination of the global economic crisis and political turmoil in the Middle East and North Africa made 2011 a tough year for investment in the region. But the significant increase in oil prices and the return of a degree of stability to several of the affected markets means the outlook for the coming year [...]

High gold prices bode well for Middle East

The positive outlook for bullion is good news for Dubai as a niche gold trading centre, and for Saudi Arabia, which is pushing ahead with the exploitation of its gold reserves The inexorable rise of gold prices since hitting a brief low of just over $700 an ounce in late 2008 is showing little sign [...]