Breakingviews

Hedge funds show banks how to recoup loans to Gulf

March 20, 2012

Bahraini investment house Arcapita has been forced to file for U.S. bankruptcy protection after pressure from non-bank creditors – a first in the region. That won’t end “extend and pretend” debt deals, but it may deliver one of the Gulf’s first effective restructurings.

Formula One has much to lose in Bahrain race

April 20, 2012

Holding the car race on the tiny island still reeling in its Arab uprising isn’t worth the controversy. The Grand Prix already has another foot firmly in the lucrative Gulf market. Sponsors are resilient to a point but the Bahrain race could yet test those limits.

Saudis wouldn’t gain much from a union with Bahrain

May 2, 2012

The house of Saud’s call for Gulf states to move beyond cooperation and combine into a single entity lays the ground for forming a union with the troubled island. Yet Saudi already bankrolls Bahrain and underwrites its security. The benefits of further integration are dubious.