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Saudi Arabia’s energy giant has discovered two oil and gas fields in the northern regions of the Gulf country. The oil field, according to Energy Minister Prince Abdulaziz bin Salman Al-Saud, lies to the south east of the northern city Read more
Public listed investment company headquartered in Abu Dhabi, Waha Capital, has launched its third fund with capacity in excess valued at $500 million, Trade Arabia reports. The fund, Waha Islamic Income Fund SP, will invest in sharia-compliant assets across the Read more
Saudi Arabia’s energy giant Aramco has named a new CEO for its $500 venture capital and investments arm, Gulf Business reports citing sources with knowledge of the matter. The new appointee, Mahdi Aladel, former head of the company’s base oils Read more
Bahain’s High Criminal Court has handed five years in jail to three officials of private money retailer Future Bank in money laundering cases that have also implicated the Central Bank of Iran and other banks, Bahrain News Agency (BNA) has Read more
Kuwait’s Deputy Emir and Crown Prince Sheikh Nawaf Al Ahmad Al Jaber Al Sabah has vowed that the Gulf country will not spare any royal family member involved in any wrongdoings including corruption. Sheikh Nawaf, reports say, in a televised Read more
Saudi-led coalition stationed in Yemen has brought down a missile and explosive-laden drone launched towards the city of Najran. The missile was launched by the Iran-backed rebels and was targeting the kingdom’s southern region close to the Yemeni border, the Read more
The Helicopter Company (THC), Saudi Arabia’s first local commercial helicopter operator, has ordered 10 helicopters from Airbus as part of plans to expand fleet and services. The value of the deal has not been revealed but the aircraft, H125, can Read more
Kuwait Wednesday warned it will not be able to pay salaries of civil servants from November for lack of funds amid increase in budget deficit caused in part by slump in oil revenues. Finance Minister Barak Al-Sheetan rung the alarm Read more
Kuwaiti aircraft leasing company, Alafco, has said it reached an agreement with France-based global aircraft maker, Airbus, to delay the delivery of the jets it has ordered. Alafco in the bourse filling did not say how many aircraft are involved Read more
Israel’s spy Chief Yossi Cohen paid a visit to the UAE, the first such a trip by an Israeli top official as both countries normalize ties. The Mossad Chief was received in Abu Dhabi by Sheikh Tahnoun bin Zayed Al Read more