Gulf states

NEWS ANALYSIS

Gulf sovereign wealth funds were built for a rainy day. This may be it 

Gulf economies still largely rely on hydrocarbons to support public finances, which are in mixed shape

Iran has retaliated by targeting US interests in the region, including Dubai in the United Arab Emirates.

Singapore, Tg Pelepas, Port Klang could face congestion from Middle East-bound boxships; capacity shortage feared

Bottlenecks will worsen if Strait of Hormuz closure persists, with Colombo likely to be the worst hit

Smoke rising after an explosion due to drone debris in the industrial zone in Fujairah, United Arab Emirates, on Mar 3. Security and safety precautions are the topmost priority for South-east Asian companies with teams in the region.

S-E Asian businesses in the Gulf take safety measures as they hunker down for prolonged disruption

Some SMEs and exporters could face operational and cost pressures as US-Iran conflict spills over

Gulf borrowers are also increasingly seeking financing in Chinese yuan to facilitate trade.

China is lending to the Gulf at record pace, tightening ties

Dim sum and panda bonds are both denominated in Chinese yuan

The inaugural Asean-GCC-China Summit that was held in Kuala Lumpur this year. The continued eastward shift of the Gulf’s trade will aid the region’s evolution into a global middle power, says the Asia House report.

China overtakes West in Gulf trade for the first time in ‘watershed’ moment: report

Structural and fundamental factors suggest the trend will only pick up pace in coming years, says think tank

Singapore Chief Justice Sundaresh Menon says: “The international commercial courts are engines for legal convergence and this is a mission they discharge… through judgments that are rooted in reason and principle.”

International commercial court networks can help spot cross-border legal trends, says Singapore chief justice

Such issues could include contractual interpretations, the legal status of cryptocurrency assets and emerging issues around generative AI

China has deliberately avoided military overcommitments and nation-building ventures in the region.
THE BOTTOM LINE

China in the Gulf: stakeholder or hegemon?

Beijing’s transactional approach to the Middle East presents a new strategic reality which Asean nations must navigate

Bahrain is home to the headquarters of the US Navy’s 5th Fleet and there are US bases in Saudi Arabia and Kuwait, as well as in neighbouring Qatar and the United Arab Emirates.

Gulf states on high alert after US strikes Iran’s nuclear sites

[DUBAI/RIYADH] Gulf states, home to multiple US military bases, were on high alert on Sunday (Jun 22) after US strikes on Iran raised the possibility of a widening conflict in the region.

Once a niche alternative financial choice, Islamic banking is rapidly gaining traction in today’s world.

StanChart steps up as Asean’s gateway to the Gulf as Islamic finance matures 

Malaysia’s Asean chairmanship is an opportunity for the bank to develop its Asean-Gulf Cooperation Council corridor, says coverage chief Chow Wan Thonh

Britain’s Trade secretary Jonathan Reynolds (pictured) and minister for trade policy Douglas Alexander will meet their counterparts from the Gulf Cooperation Council, which comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

British ministers head to Gulf for talks on new trade deal

BRITAIN’S new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said.