STOCKHOLM: Even with the war in Ukraine fueling demand, revenue for the world’s top arms suppliers dipped in 2022, as production issues kept companies unable to increase production, researchers said Monday.The sales of weapons and military services by the 100 largest arms companies in the world totalled $597 billion in 2022, a decrease of 3.5 … Read more
DUBAI: A container ship owned by an Israeli billionaire came under attack by a suspected Iranian drone in the Indian Ocean as Israel wages war on Hamas in the Gaza Strip, an American defense official said Saturday. The attack Friday on the CMA CGM Symi comes as global shipping increasingly finds itself targeted in the … Read more
RIYADH: Saudi Arabia’s Diriyah Co. has announced the Kingdom’s first Ritz-Carlton Residences, located in the heart of Diriyah, as part of a major milestone it is introducing for the Diriyah project, the Saudi Press Agency reported on Thursday. “This extraordinary living opportunity allows residents to immerse themselves in a thriving cultural scene and embrace a … Read more
LONDON: The Galaxy Leader commercial ship was “illegally boarded by military personnel via a helicopter” on Nov. 19 and is now in the Hodeida port area in Yemen, the vessel’s owner said on Monday. “All communications were subsequently lost with the vessel,” Isle of Man registered Galaxy Maritime Ltd, owner of the pure car carrier … Read more
DUBAI: Iran denied Israeli claims that it was involved in the seizure of a British-owned and Japanese-operated cargo ship in the southern Red Sea by Yemen’s Houthis, foreign ministry spokesperson Nasser Kanaani said on Monday at a press conference. “We have said multiple times that resistance groups in the region act independently and spontaneously based … Read more
