Kuwait's Ministry of Electricity, Water and Renewable Energy announced on Sunday that a service building at one of the power and water distillation plants was damaged in an Iranian attack, resulting in the death of an Indian worker.
Oil prices continued their upward climb on Monday, as markets focused on escalating geopolitical risks in the Middle East despite renewed assertions by US President Donald Trump that talks with Iran remain under way and could still lead to a diplomatic breakthrough.
Ukraine has agreed to co-operate on defence with the UAE and Qatar as President Volodymyr Zelenskiy travelled to both countries amid escalating tensions in the region. Zelenskiy is looking at signing 10-year partnership agreements with both the Gulf countries.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, confirmed early Sunday that its facility was targeted in an Iranian attack a day earlier resulting in mild injuries to two of its employees.
The Kingdom of Saudi Arabia has reached a major milestone in restoring degraded land, announcing the rehabilitation of one million hectares under the Saudi Green Initiative, demonstrating that large-scale land restoration is achievable even in some of the world’s most water-scarce environments.
US President Donald Trump said he was extending by 10 days a deadline linked to threatened strikes on Iranian energy infrastructure, saying the move followed a request from Tehran and that negotiations were progressing positively.
The Kuwaiti Ministry of Interior announced on Wednesday that the Kuwait State Security Service has thwarted a terrorist plot and dismantled a network that planned to carry out assassinations of state leaders and undermine the country's supreme interests.
Credit ratings, countries of risk, and sector type are having varying impacts on global sukuk and GCC debt capital market (DCM) liquidity amid the ongoing Iran war, according to Fitch Ratings. In the short term, the impact on liquidity will depend on the scope and duration of the war.
Amid the Iranian attacks targeting Bahrain and other Gulf countries, Bahraini families, community leaders, business figures and civil society organisations have issued statements emphasising their support for the kingdom, national unity, and loyalty under the leadership of His Majesty King Hamad.
The Bahrain Defence Force has announced that its air defence systems have successfully intercepted and destroyed 129 missiles and 233 unmanned aerial vehicles launched as part of an ongoing Iranian terrorist aggression against the kingdom, which commenced on Saturday (February 28).
