Saudi Arabia To Invest More Than $20 Billion In Its Military Industry Over Next Decade

Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part of aggressive plans to boost local military spending, the head of the kingdom’s military industry regulator said on Saturday. The Gulf state wants to develop and manufacture more weapons and military systems domestically, aiming to spend … More Saudi Arabia To Invest More Than $20 Billion In Its Military Industry Over Next Decade

NEWS ALERT | Oman To Get Its First Crown Prince In Constitutional Overhaul

MILAN – – Oman’s sultan announced on Monday  a constitutional shakeup that includes the appointment of crown price for the first time and new rules on how parliament will work, state media said. A new basic law issued by Sultan Haitham Bin Tariq al – Said also emphasizes the role of the state in guaranteeing … More NEWS ALERT | Oman To Get Its First Crown Prince In Constitutional Overhaul

NEWS ALERT | Kuwait Names New Oil, Finance Ministers In Government Approved By New Emir

RIYADH – – Kuwait’s emir on Monday approved the formation of a new cabinet that replaced the outgoing oil and finance ministers in the OPEC member state, the government communications office said. Mohammad Abdulatif al – Fares was named oil, electricity and water minister Khaled al – Fadhel, it said in a Twitter post. Khalifa … More NEWS ALERT | Kuwait Names New Oil, Finance Ministers In Government Approved By New Emir

BUSINESS | France Urges Middle Eastern Countries To Stop Boycott Of French Products

PARIS – – France on Sunday urged Middle Eastern countries to stop retail companies from boycotting French products. The foreign affairs ministry said in a statement that in recent days there had been calls to boycott French products, notably food products, in several Middle Eastern countries as well as calls for demonstrating against France over … More BUSINESS | France Urges Middle Eastern Countries To Stop Boycott Of French Products

BUSINESS | Google To Provide Mideast Grants, Loans To Train Digital Skills

BUCHAREST | ROMANIA – U.S. tech company Google, a unit of Alphabet Inc., plans to provide grants worth $1.1 million to help businesses in the Middle East and North Africa improve their skills and get them online, the company said on Tuesday. Google will also provide $3 million in loans to thousands of business in … More BUSINESS | Google To Provide Mideast Grants, Loans To Train Digital Skills

BREAKING NEWS | Kuwait’s Ruler Emir Sheikh Sabah Died: State TV

MILAN | ITALY – Kuwait’s ruling Emir Sheikh Sabah al-Ahmad al-Sabah has died said an official statement read out on state television on Tuesday. Sheikh Sabah, 91, had ruled the Gulf Arab oil producer and U.S. ally since 2006 and steered its foreign policy for more than 50 years. His designed successor is his brother, … More BREAKING NEWS | Kuwait’s Ruler Emir Sheikh Sabah Died: State TV

POLITICS | Pompeo Speaks To Saudi, Egyptian Counterparts On Regional Issue

RIYADH | SAUDI ARABIA – Saudi Arabia’s foreign minister Prince Faisal bin Farhan held a phone call on Sunday with U.S. Secretary of State Mike Pompeo. During the call, they discussed bilateral relations and the strategic partnership between the two countries, Saudi Press Agency reported. They also discussed joint coordination on dealing with the regional … More POLITICS | Pompeo Speaks To Saudi, Egyptian Counterparts On Regional Issue

WORLD NEWS | Trump Awards Kuwaiti Emir ‘Prestigious’ Decoration, White House Says

WASHINGTON – U.S. President Donald Trump awarded the U.S. Legion of Merit, Degree Chief Commander, to Kuwaiti Emir Sheikh Sabah al-Ahmed al-Sabah, the White House said in a statement on Friday, adding that it was the first time the honor had been given since 1991. The 91-year-old emir arrived in the United States in July … More WORLD NEWS | Trump Awards Kuwaiti Emir ‘Prestigious’ Decoration, White House Says

BUSINESS | Israel, Dubai Diamond Exchanges Begin Strategic Collaboration

DUBAI – The Israel and Dubai diamond exchanges have signed an  agreement to promote cooperation in a deal certain to boost direct trade between the Middle East’s main diamond hubs. The agreement was announced on Thursday two days after Israel and the United Arab Emirates signed an historic agreement to normalize ties and marks a … More BUSINESS | Israel, Dubai Diamond Exchanges Begin Strategic Collaboration

NEWS ALERT | Bahrain King Reiterates Necessity For Peace Based On Two State Solution After Israel Normalization Agreement

MILAN | ITALY – The king of Bahrain reiterated the necessity of reaching a fair and lasting peace between the Israelis and Palestinians, based on the two state solutions, in a call with U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, Bahrain’s state news agency BNA said on Friday. Bahrain joined the United … More NEWS ALERT | Bahrain King Reiterates Necessity For Peace Based On Two State Solution After Israel Normalization Agreement