RAS AL KHAIMAH / WAM Gulf Pharmaceutical Industries, Julphar, on Monday announced the launch of its AED500 million ($136.13 million) rights issue as the company progresses on its ambitious turnaround plan. The rights issue is set to improve the company’s capital position and debt profile and will provide the financial foundation for the successful implementation of the company’s medium-term growth strategy, ...

ABU DHABI / WAM The Khalifa Industrial Zone Abu Dhabi (Kizad), broke ground for a new dedicated Truck Plaza, comprising refuelling and rest facilities with the Industrial Zone. The project was introduced to HH Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Executive Council and Chairman of Abu Dhabi Executive Office, during his visit to Kizad to ...

RIYADH / WAM Forces of the Coalition to Restore Legitimacy in Yemen on Monday intercepted and destroyed two Saudi-bound drones launched by the Houthi militia in Yemen, reported the Saudi Press Agency (SPA). In a statement, the coalition’s official spokesperson, Colonel Turki Al Malki said, “Coalition forces have successfully intercepted and destroyed on Monday two UAVs launched by the terrorist ...