US Pentagon charges UAE for alleged funding for Russian mercenary company in Libya

The United Defense department, the Pentagon, has leveled charges against the United Arab Emirates, UAE, for its alleged financing of Wagner Group, a Russian security company currently present in Eastern Libya, Foreign Policy Magazine reports. The charges, the magazine notes, Read more

Kuwait’s GIC Gulf Insurance acquires French insurer AXA Gulf

French insurance giant AXA Group announced it has relinquished its Gulf region operations to GIC Gulf Insurance for $290 million as it moves to slim its activities. The transaction will enable GIC Gulf Insurance to take control of Axa Gulf Read more

Bomb attack at French-organized World War I commemoration event In Jeddah

An improvised explosive device (IED) went off injuring four people at a World War I commemoration ceremony organized by the French embassy in the Saudi port city of Jeddah. The French foreign ministry reportedly in a statement condemned the incident. Read more