Saudi Arabia’s state oil company Aramco on March 20 pledged to increase the amount it invests in oil production after it reported that profits more than doubled year-on-year to $110 billion. The world’s largest oil exporter said its net profit increased by 124 percent to $110 billion in 2021, compared with $49 billion a year prior. In an effort…
Saudi’s Aramco Pledges to Increase Investment in Oil Production to Meet Growing Demand
Saudi-Led Coalition Says 4 Houthi Missiles Hit Kingdom
CAIRO—The Saudi-led coalition said early on Sunday that the Iran-aligned Houthi group launched four attacks on the kingdom that damaged civilian cars and homes but caused no casualties, state media reported. In a statement, the coalition added the latest escalation included ballistic missiles, drones, and cruise missiles. It also said it is detecting and monitoring…
Saudi-Led Coalition Says 4 Houthi Missiles Targeting Critical Infrastructure Hit Kingdom
CAIRO—The Saudi-led coalition said early on Sunday that the Iran-aligned Houthi group launched four attacks on the kingdom that damaged civilian cars and homes but caused no casualties, state media reported. In a statement, the coalition added the latest escalation included ballistic missiles, drones, and cruise missiles. It also said it is detecting and monitoring…
Death Toll From Migrant Shipwreck Off Tunisia Rises to 17
TUNIS—The death toll from a migrant shipwreck off Tunisia on Friday has risen to 17 people, most of them Syrians, as they tried to cross the Mediterranean to Italy, a civil protection official told Reuters on Saturday. He said the coastguard recovered five bodies on Saturday, after finding 12 on Friday. A search was still…
US-British-Iranian National Conservationist Back in Iranian Jail 2 Days After Release
A tri-national released from an Iranian prison on the same day two British-Iranians were allowed to return to the UK has been put back in prison, his family said. The UK government said it was told the return would be temporary and he would hopefully be back to his Tehran home soon. Morad Tahbaz, a…
US ‘Troubled’ by Syrian President’s First Visit to UAE Since 2011 War
The United States said Friday that it was “profoundly disappointed and troubled” by Syrian President Bashar al-Assad’s visit to the United Arab Emirates (UAE), calling it an attempt to “legitimize Assad.” The Syrian Presidency said Friday that Assad met with Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum, who is also a vice president and Prime…
US Navy Veteran Held Hostage in Iran for 2 Years Sues Regime for $1 Billion
A U.S. Navy veteran who was jailed in Iran for nearly two years sued the Islamic regime for $1 billion on Thursday, alleging he was held hostage and tortured in the country. Michael White of Imperial Beach, California, alleged that he endured physical and psychological torture and was deprived of food and drink during his “prolonged captivity” in Iran…
Emirati-Flagged Cargo Ship Sinks in Persian Gulf Off Iran
DUBAI, United Arab Emirates—An Emirati-flagged cargo ship, longer than a soccer field, sank in stormy seas off Iran’s southern coast in the Persian Gulf on Thursday, authorities said. Rescuers were trying to account for all of the vessel’s 30 crew members. Capt. Nizar Qaddoura, operations manager of the company that owns the ship, told The…
Australia Hoping to Lock-In First Free Trade Deal With Middle Eastern Nation
March 17, 2022
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Australia is pursuing its first Free Trade Agreement (FTA) with a Middle Eastern nation as it looks to bed down an FTA with the United Arab Emirates (UAE). Trade ministers from both countries have released a joint statement outlining an intent to lock-in the FTA. Current two-way trade between Australia and the UAE is worth…
Dubai-Owned Ferry Firm Firing 800 UK Staff ‘Wholly Unacceptable’: Minister
The decision by a Dubai-owned ferry firm to fire 800 UK-based staff with no notice is “wholly unacceptable,” a UK minister has said. P&O Ferries, which was bought by Dubai-based logistics giant DP World in 2019, sparked outrage on Thursday when it fired 800 seafarers without any prior notice. The firm said the affected employees…
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