The utility last week disclosed it was in talks with an unnamed Gulf investor, raising hopes that it could receive fresh funds and emerge from a crisis.
Kuwait relies on imports for the majority of its food needs and depends on the narrow shipping lane of the Strait of Hormuz for imported food supplies.
The official said the attacks would go on until Yemen was able to resume a U.N.-backed political transition interrupted by the Houthis’ seizure of Sanaa in September.
The conflict could potentially damage Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia.
The pilot, left in sole control of the aircraft after the captain left the cockpit, refused to open the door and pressed a button that sent the jet into its fatal descent.
These measures include “securing all industrial safety and security requirements and raising the level of security measures of oil installations.
Saudi’s regional foe Iran has called a halt to the “military aggression” in Yemen.
Gulf countries’ operations have received open support from the West.
The airports affected include Jizan, Abha and Wadi al- Dawaser, the General Authority of Civil Aviation said.
The company earlier confirmed it had sold its complete 17.4 per cent stake in the London Stock Exchange (LSE).
The decision to send troops to Yemen to support the Gulf states’ operation is being examined by Pakistan, an official said.
The firm had been the biggest single shareholder in the LSE prior to the sale.
Jordan has close ties to the Gulf states and depends heavily on regional heavyweight Saudi Arabia for shoring up its economy.
The fire in October 2014 caused “significant” damage at one of Almarai’s bakeries in Jeddah, the company said at that time.
Authorities said the CEO’s departure would not affect the Midfield Terminal expansion.
Dubai’s index, which is the most volatile in the region because of leverage and the dominance of short-term investors, tumbled 5.1 per cent.
The project, built at a cost ranging between Dhs3 billion and Dhs5 billion, will spread across 22 million square feet in the Jadaf area.
A Joint Planning Cell has been established with Saudi Arabia to coordinate U.S. military and intelligence support, White House said.
A widening Yemen conflict could pose risks for global oil supplies, and Brent crude oil prices shot up nearly six per cent soon after the operation began.
Local media said the resignation came as a member of parliament had demanded to question the minister for allegedly failing to protect the rights of small shareholders.
Bank of America, Barclays and Nomura are joint bookrunners on the stake sale, which is worth around 1.5 billion pounds.
Subscription for the initial public offering will open on April 22 and run until April 28.
The company plans to achieve its 2018 profit target through earnings growth “across our core companies, particularly those in the financial services and media sectors”.
Fadi Mroue discusses the Darwinian future of advertising and Beirut vs Dubai as a media hub, following République’s crowning as Independent Agency of the Year at the Dubai Lynx Awards.
The head of BIE is on an official visit to Dubai to discuss the approaching submission of the Expo 2020 registration document.
The plant, in Jubail, is operated by Sahara & Ma’aden Petrochemicals Co (SAMAPCO) and will be offline for 25 days from April 1.
Yemen’s foreign minister had earlier called on Arab states to intervene militarily to halt the Shi’ite militia’s Houthi advance.
P&O Ports has signed MOUs for preliminary discussions with the governments of Madagascar, the Republic of Somaliland and Albania to enhance their port infrastructure.
The action allows lawyers for the conglomerate to gather the signatures of creditors in support of the deal outside the Dubai World Tribunal.
The decision looks likely to have little immediate impact on investment flows since foreign ownership limits for most stocks are far from being used up.