Mideast snapshot: The new bankers to the world, Aramco's bullish oil outlook and more...
A look at some of the stories I'm watching as I start my day as Bloomberg's Doha-based Middle East TV correspondent. Your thoughts most welcome.
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Iran’s Gas Crisis Adds to Unrest in Heart of Raisi’s Power Base. "On Saturday, tens of thousands of Iranians in the northeast Razavi Khorasan province — [President Ebrahim] Raisi’s birthplace and where he wields considerable political influence — were left without gas to heat their homes after deliveries were cut. Four other provinces in the north have also been affected, and schools, state-run offices and even privately owned businesses across Tehran province were closed on Sunday."
Israel Court Disqualifies Netanyahu Ally From Cabinet Post. Supporters of Aryeh Deri, leader of the ultra-Orthodox Shas party, have threatened to pull out of the governing coalition led by Benjamin Netanyahu if Deri isn't in the cabinet. He was convicted of ?tax offenses last year and given a suspended sentence.
The New Bankers to the World Aren’t on Wall Street. "Hungry for cash, companies and banks from around the world are dispatching large teams to cities like Riyadh and Abu Dhabi to pitch investment ideas. But amid the frenzied levels of activity, some executives find themselves waiting days to meet the right officials, people with knowledge of the matter said. And when they make it to the right place, dealmakers can face a complex world, where the biggest decisions often require a nod from the ruling sheikhs, blurring the line between pure investment vehicles and politics, other people said." A must-read for anyone considering doing business or raising capital in the Gulf.
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