Gulf set to tap private sector funding

Kingdom tower, Riyadh ID 48377664 © Swisshippo | Dreamstime.com
©Swisshippo/Dreamstime

Aim to press ahead with capital projects amid fall in oil price requires funding gap to be filled

Analysis

The Israeli settlement of Har Homa (foreground), built in East Jerusalem, is seen in front of the West Bank city of Bethlehem (background) on September 1, 2014. Israel said it would expropriate 400 hectares (988 acres) of Palestinian land around Bethlehem, and allowed 45 days for any appeal. The Israeli army said the move stemmed from political decisions taken after the June killing of three Israeli teenagers snatched from a roadside in the same area, known to Israelis as the Gush Etzion settlement bloc. AFP PHOTO / AHMAD GHARABLI (Photo credit should read AHMAD GHARABLI/AFP/Getty Images) ©AFP
Israel’s plan to build thousands of settler homes in East Jerusalem is sparking international ire
– John Reed

Saudis heed call to share economic pain

Oil price rout and security worries amplify message of austerity

Advantages of living in a decent time zone

What matters for flight, unlike finance, is that hardly anyone lives south of the equator

Tensions run high amid Saudi crackdown

Home town of executed cleric Nimr al-Nimr in frontline of conflict

Opec wary of Russia oil overtures

Decades of mistrust likely to colour any negotiations on output

Barclays Plc Headquarters At Canary Wharf...Barclays Plc., headquarters, right, and Citigroup Inc., offices stand in Canary Wharf financial district in London, U.K., on Tuesday, April 27, 2010. Barclays Plc plans to increase funding for its private equity business focused on natural resources by 50 percent this year, a company executive said. Photographer: Simon Dawson/Bloomberg
©Bloomberg/Getty/FT Montage

Staveley sues Barclays for almost £1bn

Case goes back to 2008 emergency £5.8bn fundraising

Iran poses economic challenge to Saudi Arabia

Opportunities eschewed by Riyadh will be taken up by their neighbours

Saudis move to damp currency speculation

Intervention stokes unease about Riyadh’s ability to manage economy

Kerry and Zarif, an example to others

While Iran and its neighbours quarrel, this shows how enemies can be friends

Isis must be challenged by a united front

An international consensus should include Saudi Arabia and Iran

Qatar targets cultural assets for cuts

Museums and Al Jazeera pared back as Doha focuses resources on World Cup preparations

Gulf FX pegs: Oman, Bahrain most at risk

Saudi has firepower to support riyal; UAE could choose to de-peg

Middle East feels the cost of cheap oil

Lower export revenues have damaged economies of Saudi Arabia and other producer states

Bahrain and Oman raise fuel prices

Decline in oil revenues forces Gulf states to cut subsidies and rein in spending

Saudi health sector faces radical surgery

Move to cut costs and boost productivity amid falling oil prices

Proposed Aramco sale breaks with Saudi past

Privatisation plans just one of wave of changes sweeping Kingdom

Mohammed bin Nayef, Saudi power broker

The interior minister might be losing his grip on the succession

Sunni and Shia: explaining the divide

Understanding the schism in Islam that is fuelling political tensions in the Middle East

Mideast pays price for weaker House of Saud

Execution of Shia cleric is bound to polarise politics further

Executions send message to Saudi public

But move threatens to unleash forces beyond Riyadh’s control, analysts warn

SHARE THIS QUOTE