Iran’s Revolutionary Guards intercepted UAE-managed tanker, Ambrey says

Dubai: Iran's Islamic Revolutionary Guard Corps (IRGC) has seized a Togolese-flagged, UAE-managed products tanker, British security firm Ambrey said on Monday. The vessel was carrying offshore gas oil off the coast of Iraq and was heading to Sharjah, UAE, when it was intercepted 61 nautical miles southwest of Iran's Bushehr port on Sunday. Ambrey added … Read more

Saudi Arabia, Egypt to boost energy cooperation after high-level meeting

As geopolitical tensions rise, sovereign investors in the Middle East are exploring emerging markets, research finds. RIYADH: Amid concerns over geopolitical tensions, national investors in the Middle East are following the lead of global investors by prioritizing India and other emerging markets, according to an analysis. In its latest report, Invesco, an American investment management … Read more

Taiwan starts annual war games, aiming to closely mimic actual combat

TAIWAN, TAOSUI/TAOYUAN: Taiwan conducted amphibious defense drills on a strategic river on Monday, marking the start of the Hankwang war drills. The goal this year is to simulate a real-world battle without a script and to repel a Chinese attack. China, which considers democratically ruled Taiwan its own territory, has been conducting regular drills around … Read more