SoftBank's biggest backers rethink role in next Vision Fund after bet on WeWork sours
The biggest backers of SoftBank Group Corp.'s gargantuan Vision Fund are reconsidering how much to commit to its next investment vehicle as an oversized bet on flexible workspace provider WeWork sours. Saudi Arabia's Public Investment Fund, which contributed $45 billion to the $100 billion Vision ...
U.S. flags Huawei 5G network security concerns to Gulf allies
The United States has raised its concerns with Gulf allies over a possible security risk in using Huawei's technology for their 5G mobile infrastructure, U.S. officials said on Thursday. Washington has been warning allies against using the Chinese company's equipment, which it says presents a ...
Thousands of Yemenis marched in Aden on Thursday in support of the United Arab Emirates, which assists separatists who seized the southern city from the Saudi-backed government in a power struggle that has opened a new front in Yemen's war. The rally took place as ...
Dubai's ruler issued a directive on Monday that would curb the pace of new real estate construction projects as property prices fall and the sheer scale of developments threatens to outstrip demand. Sheikh Mohammed bin Rashid Al Maktoum ordered the creation of a committee to ...
More than 100 killed in airstrike on Yemen prison, says ICRC
More than 100 people are believed to have been killed in an airstrike by the Saudi-led military coalition on a detention center in Yemen, the International Committee of the Red Cross said Sunday. The coalition said it targeted a facility run by the Houthi rebels ...
Yemen forces and separatists tussle for control of Aden amid conflicting claims of gains
The Yemen government said it seized back the interim capital Aden on Wednesday, a claim contested by the separatists who took control of the city and other parts of the south earlier this month. The tussle between the pro-independence Southern Transitional Council (STC) and government ...
UAE-backed Yemen separatists drive out regime troops from two camps in south
Yemeni separatists drove government troops out of two military camps in deadly clashes Tuesday, reinforcing their presence in the south after they seized the de facto capital Aden. The opening of a new front in a complex and devastating war prompted the U.N.'s Yemen envoy ...
Facebook says it dismantled covert influence campaign tied to Saudi government
People connected to the government of Saudi Arabia have run a network of fake accounts and pages on Facebook to promote state propaganda and attack regional rivals, the social media giant said on Thursday. Facebook said it had suspended more than 350 accounts and pages ...
White House senior adviser Jared Kushner will lead a U.S. delegation on a tour of the Middle East to finalize details of his proposed $50 billion economic development plan for the Palestinians, Jordan, Egypt and Lebanon, an administration official said on Sunday. Kushner, Middle East ...
Camel dung fuels cement output in northern UAE instead of just going into landfill
Thousands of tons of camel dung are being used to fuel cement production in the northern United Arab Emirates, cutting emissions and keeping animal waste out of landfill. Under a government-run scheme, farmers in the emirate of Ras al-Khaimah drop off camel excrement at collection ...
France says its missiles were found on pro-Khalifa Hifter base in Libya
France said Wednesday its missiles had been found at a Libyan base used by forces loyal to strongman Khalifa Hifter, in an embarrassing admission that raises fresh questions about its role in the conflict. Confirming a report in the New York Times, a defense ministry ...
Damaged tankers reach safe waters after Persian Gulf attacks
Two damaged tankers arrived safely Sunday at locations off the Emirati coast after they were rocked by explosions in Gulf waters, in an incident Saudi Arabia blamed on its regional arch-rival Iran. The Japanese-owned Kokuka Courageous was carrying highly flammable methanol through the Gulf of ...
