The heads of Arab Gulf armies wrapped up Wednesday a 17-day military exercise of the Joint Gulf Force - the Peninsula Shield - by stressing their “strength” and “capability” to deter their enemies and defend the oil rich region.

Abu Dhabi Ship Building (ADSB), the Arabian Gulf’s only specialized naval warship builder announced the Kuwait Navy has selected the company for their future Landing Craft programs.

The United Nations said it paid out about $1.3 billion in compensation to Kuwait on Thursday over Iraq’s invasion of the Gulf emirate in 1990.

The Rheinmetall Group has recently booked a number of important air defense contracts.