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Saudi Arabia has accepted the return of Iranian diplomats to the kingdom amid rapprochement between the two sides after five years of diplomatic row. Hossein Amirabdollahian, Iran’s top diplomat, Thursday indicated that the Gulf Arab country has agreed to grant Read more
Gulf Cooperation Council (GCC) leaders have reiterated their unwavering support to Morocco’s territorial integrity and sovereignty over its entire Sahara territory. In their joint statement issued Tuesday following the 42nd Session of the GCC Supreme Council held in Riyadh, the Read more
Kuwait has received two Eurofighters jets of 28 ordered by the Gulf country, Defense News reports, citing Italy’s aerospace company Leonardo. The two aircraft flew from Italy, where they were assembled, with refueling escort provided by two Italian air force Read more
Algeria has granted a $300 million credit facility to Tunisia to help the North African country navigate economic distress. The deal for the credit according to Tunisia’s national gazette, was signed on Dec. 09 during the visit of the Algerian Read more
State-run Qatar Energy will acquire 17 per cent shares in two Shell-operated concessions (Block 3 and Block 4) in Egypt’s Red Sea region, Reuters has reported. Shell will remain the main operator of the concessions. The acquisition underlines the diplomatic Read more
Saudi Arabia and Egypt have agreed to enhance cooperation against corruption, exchange experiences and information related to corruption crimes, and strengthen both countries’ institutional capacity in this field, Arab News reports. Both countries signed a memorandum of understanding for the Read more
Saudi Arabia is expecting a surplus of $24 billion (SR90 billion) from 2022 budget; first time since 2013, reports say. A cabinet statement has indicated that the Gulf country will achieve a total revenue for 2022 of SR1.05 trillion, while Read more
Bahrain’s state legislature on Wednesday approved a bill to double the country’s Value Added Tax (VAT) from the existing 5 per cent to 10 per cent, Gulf Business reports. The Shura Council; the upper house of the legislature, is expected Read more
The Royal Saudi Air Force (RSAF) and the US Air Force launched a bilateral exercise, Arab News reports, citing the Saudi Defense Ministry. The exercise dubbed ACE, was launched at King Faisal Air Base in the Northern Sector and King Read more
UAE Tuesday conferred the Order of Zayed, the country’s highest civilian award on Saudi Crown Prince Mohammed bin Salman (MbS) in recognition of strong historical ties and bilateral relations between the two countries, reports say. The facto Saudi ruler arrived Read more