MTQ Suspends Operations in Bahrain, UAE Amid Rising Middle East Tension

MT Newswires03-03 18:41

Oilfield engineering services provider MTQ (SGX:M05) decided to suspend its operations in Bahrain and the UAE amid escalating tensions in the Middle East, according to a Tuesday filing with the Singapore Exchange.

Employees have been advised to remain safe, with work arrangements transitioned into remote modes.

Iran on Feb. 28 launched retaliatory attacks across the Middle East following U.S.-Israeli airstrikes that killed Iranian Supreme Leader Ali Khamenei.

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