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Middle East

Middle EastSaudi Arabia seizes 4.5 million amphetamine pills hidden in oranges

Saudi Arabia's customs have foiled an attempt to smuggle into the kingdom more than 4.5 million pills of amphetamines, locally known as Captagon, hidden in a shipment of oranges, state TV reported on Wednesday.

Middle EastOPEC oil output rises in June as demand recovers, survey shows
Middle EastSaudi Arabia's PIF considers buying Dubai design firm Depa, sources say

Saudi Arabia's Public Investment Fund (PIF) is considering buying Dubai-listed interior design and speciality contractor Depa Plc (DEPA.DI) to fit-out hotels under construction in the kingdom, three sources with knowledge of the matter said.

Middle EastU.N. chief urges U.S. to remove Iran sanctions as agreed in 2015
Middle EastU.S. tells U.N. that weekend airstrikes aimed to deter Iran
Middle EastIsraeli gov't and settlers reach deal over West Bank outpost, Palestinians angered
Middle EastDubai's DP World hires banks for sale of flagship free zone stake-sources

Dubai's DP World has hired banks to help sell a minority stake in its flagship business park, Jebel Ali Free Zone, which could fetch a few billion dollars, three sources familiar with the deal said.

Middle EastIran appoints new central bank chief - TV

Iran has appointed Akbar Komeijani as head of the central bank, a senior official told state TV on Wednesday.

Middle EastKuwait oil minister says vaccine rollouts helping oil demand prospects

Kuwait's Oil Minister Mohammad Abdulatif al-Fares on Wednesday expressed optimism about global oil demand as economies recover from the impact of the pandemic.