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Gulf and Red Sea Regions

Stories under this heading cover the Gulf and the Red Sea regions, including the Arabian Peninsula, Iran and the countries bordering the Red Sea.

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Drones attacked a vessel carrying aid to Gaza in international waters

Drones attacked a vessel carrying aid to Gaza in international waters

Drones attacked a vessel carrying aid to Gaza while it was in international waters off Malta on Friday, the group organizing the shipment said. A fire broke out but was brought under control, according to authorities. A nearby tugboat responded to a distress call from the Conscience, which was carrying 12 crew members and four civilians, Malta’s government said, adding that those aboard refused to leave their ship. The group was safe and no injuries were reported, it said.
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Russia to host special summit with Arab states

Russia to host special summit with Arab states

Russian President Vladimir Putin announced on Tuesday that Russia will host a special Russian-Arab summit later this year. The announcement came during Putin's meeting at the Kremlin with the Omani sultan, Haitham bin Tariq Al-Said, the first-ever state visit of the Arab country's sultan to Russia.

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Saudi Arabia transfers 4% of Aramco shares to sovereign wealth fund

Saudi Arabia transfers 4% of Aramco shares to sovereign wealth fund

Saudi Arabia's Crown Prince Mohammed bin Salman announced the transfer of 4 percent of the Saudi oil giant Aramco’s, shares to the Public Investment Fund, the Saudi sovereign wealth fund. The transferred share are valued up to $80 billion. The move is another step by the Kingdom to diversify the economy and move it away from dependency on oil.