Interpreting Middle East Economic News and Analyzing Market Trends

Category: Kuwait

Gulf countries to ban visas for gays using medical test to ‘detect’ homosexuality

Dubai Airport Immigration

 

It’s no secret that Gulf countries ban homosexuality and have been known to give jail time for those caught in ‘homosexual’ acts.  Now, however, they are going a step further and will soon ban visas for homosexuals and transgender individuals based on a medical test to ‘detect’ them.  This story will surely go down as one of those ‘what were they thinking?!’ stories.

 

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The idiots guide to understanding the Middle East

Idiots Guide to ME

Image source: @DismantleFed

 

For everyone out there who’s confused as to what’s going on in the Middle East, @DismantleFed put together a nice graph summarizing all the players, who they play with and who they don’t play with.  Still confused?  Well, this is the Middle East.  Click on the graph above to get a full-size version.

 

     

Kuwaitis hang on to hope after 6th parliament is elected in 6 years

Kuwait Election 2013

Kuwaitis elected their 6th parliament in six years in a special election, but then again, isn’t every election in Kuwait special?  Members of Parliament (MPs) can’t seem to hang on to power for more than a year.  It has been a deadbeat/lame-duck parliament since the Emir brought back democracy to the state after the 1990/91 Gulf War.  Will this time be different?

 

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Gulf countries celebrate demise of democracy in Egypt by giving $12 billion in aid, but there are other motives

Egypt Military Coup

Days after Egypt’s military threw out Mohammed Morsi and his cabinet, Gulf countries of Kuwait, Saudi Arabia and the UAE pledged $12 billion in aid to support the country and the economy.  One reason for this quick aid package is to show their displeasure with Morsi, but there are also other reasons…

 

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Turmoil in the Middle East? Not all markets agree, Kuwait and UAE have had stellar performance so far

Syria is in the middle of a 2-year civil war with no end in sight, Egypt’s military threw out its first elected leader in decades last week, tensions in Iraq and Lebanon are escalating, Libya has been a mess since its revolution and mass-protests show no signs of stopping in Turkey, yet some GCC markets are hitting fresh multi-year highs…

 

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