The Strait of Hormuz is "under Iran's control and management", the recently appointed head of Iran's Basij paramilitary unit said on Thursday, a day after US President Donald Trump said the United States had "total control" of the strategic waterway.
Versatile International, the first fully integrated stone project management consultancy in the Middle East region, has started providing stone advisory services for Qiddiya City, one of the world’s most ambitious integrated city developments coming up in Saudi Arabia.
US President Donald Trump has signalled that Washington is putting greater emphasis on economic pressure on Iran, saying the United States is only “semi-negotiating” with Tehran as Iran grapples with severe inflation and financial strain.
Iran and Oman have signalled that they are close to reaching an agreement on arrangements for commercial navigation through the Strait of Hormuz, raising hopes of a breakthrough in the crisis that has disrupted one of the world's most important energy corridors.
The UAE joined the trade ministers from the BRICS group as they met in India to discuss ways to strengthen the multilateral trading system, improving trade resilience and market connectivity, as well as supporting SMEs amid growing challenges to global commerce owing to Strait of Hormuz shutdown.
Abu Dhabi National Oil Company (ADNOC) has announced that one of its vessels was targeted by a missile today while transiting the Strait of Hormuz early on Saturday (August 8). The incident resulted in no injuries, and the situation has been brought under control, said ADNOC in a statement.
Global food prices rose in July to their highest level in more than three years, driven by increases in cereal, sugar and vegetable oil prices amid concerns over global grain supplies and the impact of weather conditions on agricultural production.
Employees in the UAE’s federal government and private sector will observe the Prophet’s Birthday holiday on Friday, August 28, creating the prospect of a three-day break for those who have Saturday and Sunday as their regular weekend.
Saudi Arabia, Türkiye and Pakistan have signed a landmark joint defence agreement committing the three countries to strengthen collective security and treat an armed attack against any one of them as an attack against all three.
Riyadh will host the second edition of ARTDOM Riyadh, an international forum for contemporary design that brings together architecture, interior and product design, art, real estate development, and the hospitality industry in October.
