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Gulf Arab Region

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...

Yemen: Houthi rebel group attacks Saudi Aramco facility

The Houthi rebel group in Yemen announced early Monday it targeted a facility of Saudi Arabia's state-owned oil company Aramco in Jeddah by a missile.  "The missile force managed to target the Aramco distribution station in Jeddah with a winged Quds 2 missile," the group's military...