Oman may issue debt & Libya partly restarts production

  • Libya reopened some oil fields and export terminals, but less than a third of its capacity.
  • The US asserted UN sanctions had snapped back on Iran, while the UN Sec Gen said no.
  • Iran was a major topic of debate at the virtual UN General Assembly, which included a rare appearance by the Saudi King.
  • Saudi is reopening to pilgrims and has seen a boom in domestic tourism during lockdown.
  • Saudi dissidents formed the National Assembly Party, calling for democratic government.
  • Abu Dhabi has relaxed alcohol rules to boost tourism.
  • Moody’s affirmed Qatar at Aa3 (Stable) but cut Kuwait two notches to A1 (Stable).
  • Kuwait’s crown prince met with reformists as a US award adds to concerns about the emir’s health.
  • Oman issued OR200m in local sukuk and may issue $3-4bn in eurobonds as soon as next week.
  • Bahrain claimed it foiled an Iranian-backed terrorist attack earlier this year.

Read the full report here.

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Rory Fyfe