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Yemen warns rebels
Yemen’s long-time president has given his strongest warning yet to rebels in the northern part of the country, saying the real war against them was only just beginning and that previous offensives were nothing more than training
Saudis regain control of territory
Saudi Arabia says that three of its soldiers have been killed and more than a dozen wounded in operations to regain control of a mountainous area inside its territory seized earlier in the week by Yemeni rebels
Pressure grows on Abbas to stay on
Mahmoud Abbas has been urged to revoke his decision not to run in the upcoming Palestinian presidential election, amid concern that his withdrawal could deal a fatal blow to diminishing prospects for peace
Iraq oil deal puts pressure on Opec
ExxonMobil and Royal Dutch Shell, the two biggest western oil companies, won the right to develop Iraq’s giant West Qurna oilfield, raising the prospect of a big jump in Iraqi oil supplies
Abbas will not seek re-election
Palestinian Authority president tells senior Palestinian officials he will not seek re-election in January, in a sign of the mounting frustration felt by the veteran leader over the lack of progress in the peace process
Saudi air force hits Yemen rebels
Riyadh has launched air strikes against rebels in northern Yemen in retaliation for an attack on security forces, an adviser to the Saudi government said
Israel seizes arms ‘bound for Hizbollah’
The Jewish state said a captured container ship originating in Iran and loaded with weapons, including rockets, was destined for Syria and Lebanon’s Shia group
Tehran reluctant to cede state control
Following a recent blow to its hopes, Iran’s private sector believes than despite slogans to the contrary, the government has no intention of encouraging any real privatisation
Investment banks breathe again
Clear winners and losers are emerging as business begins to return for financial houses in the Middle East after a year of property crashes and financial upheaval
Saudi Arabia set to reform commercial courts
The kingdom has been slow to modernise its legal system but changes promised for next year should bring more certainty to the course of business in the kingdom
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Comment
Iran risks overplaying hand
Western powers might run out of patience with Tehran’s nuclear negotiating tactics, says Roula Khalaf
Markets Watch
Dubai signals rocky recovery
Shares have rallied but remain volatile in one of the Middle East’s most turbulent markets, writes Robin Wigglesworth
