Protect Yemen from al-Qaeda

Yemen is not beyond hope according to “two influential French senators.” It can be saved from “becoming the next base for Al Qaeda” despite the fact that it is currently “faltering,” leading to fear brewing in Egypt, Kuwait and Qatar.
All might not be in agreement with this. It seems that Saudi Arabian officials fear Yemen could be a “more hospitable environment for terrorists than even Afghanistan,” leading to Al Qaeda’s main home. This must be pretty scary for Yemen and its people.

America Understands Threat to Yemen

America is no stranger to Al-Qaeda or its threats and is now revealing “previously secret diplomatic cables,” from 2009-10 (from WikiLeaks) showing a country about to fail even without all the uprisings; President Ali Abdullah Saleh who “exploited the threat of al-Qaeda to extract foreign counter-terrorism help that he sometimes diverted for use against internal foes; and an al-Qaeda franchise remarkably suited to thriving in Yemen’s tribal culture and rugged terrain.” In addition, the cables are showing it was Yemen that became the “launch pad for attacks” such as the 2009 attempted Detroit-bound airliner bombing.

Saleh Needs to Watch Out

Saleh has also been getting a bad rep himself recently, as concern grows over what is happening in Yemen, “disrupting counter-terrorism operations involving U.S. Special Operations forces, aerial surveillance from armed Predator aircraft and clandestine CIA operations.” Ultimately, America is said to have “strongly condemned any illegal disclosure of classified information,” which would anyway deter diplomatic efforts, threaten individual and national security and “undermine [their] efforts to work with countries to solve shared problems.”

Kuwaiti Investments

Kuwait Working with Morocco

North Africa Holding Company (NorAH), a Kuwaiti investment firm has just “acquired a minority stake in a Morocco real estate developer,” with its investment and place on the board in Dar Saada Company (DSC). It looks like there will be significant opportunities for NorAh in the North African housing market that is currently on an up.

NorAH’s Investment Goals

Given NorAH’s strong, solid, stable base, it is the perfect company to make an investment. It works well with various economies in the North African region, having the capacity (with its KD 50 million capital base) to “contribute to the sustainable development” there. It is also “one of the largest pan-regional investment companies.” When it joins up with other companies, it can help them become “premier regional and global players.” Since it recognized that the housing market had huge potential, it made sense for it to move in that direction. Since there hasn’t been such a commitment by the government to respond to the lack of Moroccan affordable housing, the company’s CEO, Emad Anwar Al-Saleh said the sector is likely to undergo “major growth in the next few years.”

NorAH Gets Assistance

NorAH has been receiving significant assistance in raising the necessary $137m for the stake. Companies providing capital include: Wafa Assurances; Aabar Investments (Abu Dhabi), RMA Wataniya and Idraj Capital Development Fund. In addition, NorAH plans to “target investment opportunities arising in North African economies.”

MoU and KPC

The recent partnership agreement between MoU and KPC comprises: upstream, downstream businesses; R&D in HR and planning and energy security.  At the signing various official dignitaries from Kuwait and the UK were in attendance.  Malcolm Brinded, an executive director at Shell noted how this milestone is “further cementing our partnership with Kuwait.”  There are plans to develop Kuwait’s Jurassic gas fields through developing capacity of Shell and Kuwait Oil Company (KOC) staff.  As the chair and MD of Shell companies in Kuwait Ahmed Mouti noted, that since the company is known for being a “leading gas company” building a partnership with KOC will only be mutually beneficial to the two companies.  Training will be needed because of “unique geological challenges” gas developments encounter today that require specific technology.