​GULF WEEKLY: Rulers hospitalized, Qatar seeks compensation, Oman VAT law discussed

GULF COUNTRIES - Report 24 Jul 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 emir has flown to the Mayo Clinic after emergency bladder surgery.
* The Saudi king is recovering in Riyadh after gallbladder surgery.
* MBS’s succession as King seems secure in Saudi but Kuwait’s next Crown Prince is unclear.
* Saudi is widening its privatization drive but the finance minister misspoke over income tax.
* Qatar Airways is seeking $5bn+ compensation over the airspace blockade since 2017.
* Kuwait was put on negative outlook by S&P.
* Oman’s parliament finally began discussing the VAT law, which we expect to pass.
* The new Oman Investment Authority restructured the boards of major state-owned companies.
* Iraq’s prime minister made his first foreign visit to Iran as a trip to Saudi had to be postponed.
* Egypt’s parliament authorized possible military action in Libya as government forces advanced on Sirte.
* Tensions with Iran continued as a US jet flew near an Iranian airline over Syria.

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