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Abandoned Red Sea ship remains afloat, to be towed to Djibouti: operator

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DUBAI: A cargo ship abandoned in the Gulf of Aden after an attack by Yemeni rebels remains afloat and could be towed to Djibouti this week, its operator said on Thursday. Rubymar, a Belize-flagged, British-registered and Lebanese-operated cargo ship carrying combustible fertilizer, was damaged in Sunday’s missile strike claimed by the Iran-backed Houthi rebels. Its … Read more

German airport operator Fraport eyes key role in Saudi aviation market expansion 

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RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 10.56 points, or 0.09 percent, to close at 11,702.90.  The total trading turnover of the benchmark index was SR5.77 billion ($1.55 billion) as 110 of the listed stocks advanced, while 106 retreated.   Similarly, the MSCI Tadawul Index dipped 4.95 points, or 0.33 percent, to … Read more