UN Panel to oversee Kuwait’s reparation after Iraq pays $52.4 bn

The United Nations Compensation Commission (UNCC), the UN panel set up in 1991 to manage financial compensation owed by Iraq to Kuwait, has submitted its final reports Wednesday in Geneva after Iraq paid $52.4 billion reparation to the Gulf country. 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