​GULF WEEKLY: Kuwait CP approved, PMIs rebound and Qatar eases investment restrictions

GULF COUNTRIES - Report 09 Oct 2020 by Rory Fyfe and Justin Alexander

A skimmable summary of key developments overlaid with our analysis and links to further information. Headlines include:

* Kuwait's parliament approved the Emir’s 80-year-old brother Meshal as Crown Prince.
* PMIs rebounded back to expansion in UAE and Saudi; Qatar also expanded, but more slowly.
* The “Protection of Saudi Dissidents Act” advanced in the US House.
* The first Israeli takeover of a UAE company (Finablr) was announced.
* Qatar is permitting wider foreign real estate investment and linking it to residency permits.
* Qatar followed the UAE in requesting to buy US F-35 jets.
* Oman became the first Gulf state to reinstate an ambassador to Syria.
* A Kuwaiti investor proposed replacing subsidies and public jobs with a Universal Basic Income.
* UAE new coronavirus cases rose to a new daily record.
* The US blacklisted most of Iran’s banking sector.

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