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Gulf Arab Region

Mine explodes, damaging oil tanker off Saudi Arabia

A private security firm says a mine has exploded and damaged an oil tanker off Saudi Arabia in the Red Sea near the border with Yemen. The explosion damaged the MT Agrari, a Maltese-flagged, Greek-managed oil tanker off the coast of Shuqaiq, Saudi Arabia. Ambrey, a British firm,...

UAE eases limits on foreign ownership to attract investors

The United Arab Emirates has relaxed and removed a range of limits on foreign ownership of companies, state-run media reported Monday, in the country’s latest bid to boost its global status and attract foreign investors. The overhaul signals yet another startling change for the federation...