Saudi Arabia unveiled new military base south Riyadh

The Saudi Minister of the Saudi National Guard Prince Abdullah bin Bandar, on Monday, inaugurated the National Guard Air Base in Dirab, south of the capital, Riyadh, Arabe News reports citing the ministry. The base, according to the President of Read more

Iran stations diplomats in Jeddah after six-year hiatus

Three Iranian diplomats have taken office in the Saudi city of Jeddah, becoming the first Iranian officials to be posted in the Gulf country by the Islamic republic after six years of the diplomatic row. The diplomats will work in Read more

Morocco strongly condemns despicable Houthi attack on UAE

Morocco has strongly condemned the despicable attack perpetrated by the Houthi militias and their backers against the Musaffah region and the Abu Dhabi airport in the United Arab Emirates. In a phone talk this Monday with Sheikh Mohamed bin Zayed Read more

Yemen: UN Security Council Slams Houthis’ Seizure of Emirati Ship

The UN Security Council condemned Friday the seizure by the Houthis of an Emirati ship, while calling for its “immediate release.” In a statement adopted unanimously, the Fifteen members also stressed “the importance of freedom of navigation in the Gulf Read more

IHC Food Holding acquires controlling stakes in Abu Dhabi Vegetable Oil Company

IHC Food Holding, a subsidiary of International Holding Company (IHC), has acquired 75 per cent of Abu Dhabi Vegetable Oil Company (ADVOC), IHC has announced, Zawya reports. The conglomerate did not provide details on the operation but indicated that the Read more

Oman to organize first IPO in three years as Barka Desalination Co. plans to float 40 per cent of shares

Oman will stage its first Initial Public Offering (IPO) in three years with Barka Desalination Company (BDC), owner of Oman’s largest operating water desalination plant Barka IWP getting ready to sell 40 per cent of its shares. The 40 per Read more