DUBAI, United Arab Emirates & HELSINKI--(BUSINESS WIRE)--Mar 12, 2026--
NAFFCO Group has entered into a Joint Venture Agreement with Verona Shelters to form a strategic partnership dedicated to developing and manufacturing advanced civil defense and military shelter solutions in the United Arab Emirates. The partnership significantly expands global production capacity for protective shelter infrastructure at a time when governments and critical industries are strengthening resilience and civil preparedness.
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The collaboration combines NAFFCO’s global leadership in safety engineering and large-scale manufacturing with Verona Shelters’ expertise in specialized protective shelter systems. The partnership aims to improve the protection of civilians and critical facilities globally, especially in the Middle East, Europe, and North Africa, by providing next-generation, high-performance shelter systems built to international standards.
“Civil protection infrastructure is becoming a strategic priority for governments around the world. This partnership allows us to scale our shelter technology globally and bring proven protection solutions to regions where preparedness and resilience are becoming increasingly important,” said Marko Nokka, CEO of Verona Shelters Group.
“In light of recent events in the region, we expect a major growth in the GCC region and beyond,” said Mikko Lähtönen, Executive Director of Verona Shelters Middle-East.
“NAFFCO has long been committed to advancing safety and emergency preparedness. Partnering with Verona Shelters enables us to expand our capabilities in advanced civil defense shelter solutions and deliver these systems at an industrial scale across the Middle East, North Africa, and beyond. We expect this partnership to become one of the most significant industrial collaborations in the civil protection shelter sector,” said Khalid Al Khatib, CEO of NAFFCO Group.
Through this Joint Venture Agreement, NAFFCO and Verona Shelters reaffirm their shared commitment to innovation, resilience, and public safety. The partnership aims to support regional preparedness by delivering reliable, high-performance shelter solutions engineered to international standards and designed to safeguard lives during emergencies and crisis situations.
About NAFFCO Group
NAFFCO was founded in Dubai, UAE, to become the world's leading producer and supplier of life safety solutions. By recognizing the importance and convenience of having easy access to multiple safety services, we became specialized by offering complete solutions under one roof for all types of high-quality firefighting equipment, fire protection systems, fire alarms, addressable emergency systems, security systems, custom-made vehicles such as fire trucks, ambulances, mobile hospitals, and airport rescue firefighting vehicles.
https://www.naffco.com/
About Verona Shelters
Verona Shelters is a global leader in shelter technology, providing fully integrated turnkey systems that protect people, operations, and critical infrastructure. Our worldwide offerings include shelter systems, smart components, lifecycle services, and the Verona Shelters Academy, a knowledge platform dedicated to improving expertise in civil protection and resilience. Since 1968, Verona Shelters has completed projects in over 60 countries and installed more than 300,000 units worldwide.
https://www.veronashelters.com/
Left: Verona Shelters: Eng. Shaikha Ali Rashed Al Kaabi, (MD UAE) and Mikko Lahtonen, (Executive Director Middle-East); Naffco Group: Eng. Khalid Al-Khatib (CEO); Mr. Ahmed Khalid Al-Khatib, (Group Managing Director); Mr.Ali Khalid Al-Khatib, (Group Managing Director); Ms.Nour Alyazji, (Business Development Director)
DUBAI, United Arab Emirates (AP) — Unrelenting Iranian attacks on shipping traffic and energy infrastructure pushed oil above $100 a barrel Thursday, as American and Israeli strikes pounded the Islamic Republic with no sign of an end to the war in sight.
Iran hit a container ship off the coast of Dubai, caused a blaze near Bahrain's international airport, targeted a major Saudi oil field with a drone and forced Iraq to halt operations at all of its oil terminals after attacking its port of Basra on the Persian Gulf.
Iran flouted a U.N. Security Council resolution from the previous day demanding that it halt strikes on its Gulf neighbors, with new attacks also reported in Kuwait and the United Arab Emirates.
Sirens wailed before dawn in Jerusalem as Israel intercepted incoming Iranian missiles, and loud booms were heard later in the day in another attack on the city.
Israel launched a “wide-scale wave of strikes” on Tehran and in Lebanon, where Israel says it is targeting Iran-linked Hezbollah militants, 11 people were killed in two early morning strikes.
Since the United States and Israel started the war with a Feb. 28 attack on Iran, Tehran has focused on inflicting enough global economic pain to pressure them to halt their attacks.
U.S. President Donald Trump suggested that was not imminent, however, promising to “finish the job” even though he claimed Iran is “virtually destroyed.”
“We don’t want to leave early do we? We’ve got to finish the job," he said at an event Wednesday in Kentucky.
Iranian Supreme Leader Ayatollah Mojtaba Khamenei hasn't yet made a statement or been seen since being chosen to succeed his father Ayatollah Ali Khamenei, who was killed in the opening day of the conflict. But Iranian President Masoud Pezeshkian suggested online Thursday that for the war to end, the world would need to recognize Iran’s “legitimate rights," pay reparations and offer guarantees against future attacks.
In addition to attacking energy infrastructure around the region, Iran has a stranglehold on the Strait of Hormuz, the waterway leading from the Persian Gulf toward the Indian Ocean through which a fifth of the world's oil is transported.
Amid speculation that the U.S. might target Kharg Island in the Persian Gulf, Iran’s main oil terminal, Iran's parliamentary speaker threatened that any attempt to take Iranian islands would “make the Persian Gulf run with the blood of invaders.”
“The blood of American soldiers is Trump’s personal responsibility,” Mohammad Bagher Qalibaf added in a social media post.
With traffic in the strait effectively stopped, the price of Brent crude oil, the international standard, rose another 9% to more than $100 a barrel, up some 38% over what it cost when the war started.
The U.N. Security Council voted Wednesday to approve a resolution demanding a halt to Iran’s “egregious attacks” on its Gulf neighbors, but Tehran showed no signs of changing its strategy.
As the day began Thursday, a container ship in the Persian Gulf was hit with a projectile off the coast of Dubai, sparking a small fire, according to British military’s United Kingdom Maritime Trade Operations Center. It said the crew of the vessel were safe.
In Bahrain, an Iranian attack sparked a major fire on Muharraq Island, home to the country's international airport. Sirens sounded again later in the morning with more incoming Iranian fire.
Kuwait's Defense Ministry said an Iranian drone smashed into a residential building, wounding two people. The UAE said it had activated air defenses twice to protect Dubai from attacks, and firefighters extinguished a blaze at a tower in Dubai Creek Harbor after a drone hit.
Saudi Arabia said it shot down a drone targeting the diplomatic quarter of the capital, Riyadh, and also reported downing drones in the kingdom’s east, including at least one trying to target its Shaybah oil field.
Following an attack on Iraq's Basra port Wednesday that killed at least one person, officials said Thursday that operations were halted at all the country's oil terminals.
Farhan al-Fartousi, the director-general of the General Company for Ports of Iraq, said the attack targeted a vessel in a ship-to-ship transfer area of the Persian Gulf port.
In the UAE, CitiBank said it would close all its branches except one due to a threat by Iran, not yet realized, to target financial institutions in the region. Other financial institutions have reportedly urged their staff to work from home for the time being.
In addition to the attacks on Jerusalem, in which no casualties were immediately reported, missile launches from Iran and Hezbollah also sent Israelis to shelters in multiple other areas, including Tel Aviv and the northern border with Lebanon.
An Israeli strike hit a car Thursday in Ramlet al-Bayda, a major seaside tourist area of Beirut where dozens of displaced people have been sheltering. Eight people were killed and 31 others were wounded, the Lebanese Health Ministry said. The Israeli military press office told The Associated Press it was “not aware” of a strike at that location.
In Aramoun, a town about 10 kilometers (6 miles) south of Beirut, another three people were killed and a child was wounded in another early Israeli attack.
In Tehran, security force checkpoints came under attack for the first time on Wednesday night, the semiofficial Fars news agency reported. At least 10 people were killed in the suspected drone assaults.
Israel and the U.S. military’s Central Command did not immediately respond to requests for comment over whether they were behind the attacks.
At least 634 people have been killed in Lebanon since the latest fighting began, the Lebanese Health Ministry said Wednesday.
The U.N. refugee agency said at least 759,000 people have been internally displaced in Lebanon.
Iranian authorities say more than 1,300 people have been killed there, and Israel has reported 12 people dead. The U.S. has lost seven soldiers while another eight have suffered severe injuries.
Abou AlJoud reported from Beirut and Rising from Bangkok. Associated Press writer Sam Mednick in Tel Aviv, Israel, also contributed to this report, along with AP journalists around the world.
Israeli authorities inspect homes damaged by a projectile launched from Lebanon, in Haniel central Israel, Thursday, March 12, 2026. (AP Photo/Baz Ratner)
Israel Ambassador to the United Nations Danny Danon speaks during a meeting of the Security Council at U.N. headquarters, Wednesday, March 11, 2026. (AP Photo/Seth Wenig)
A family enjoys the sunset with the view of the city skyline and Burj Khalifa, at Dubai Creek Harbour in Dubai, United Arab Emirates, Wednesday, March 11, 2026. (AP Photo/Fatima Shbair)
Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. (AP Photo/Altaf Qadri)
Smoke rises after an explosion at the airport in Irbil, Iraq, late Wednesday, March 11, 2026. (AP Photo/Leo Correa)
A man inspects a car damaged in an Israeli airstrike at the Ramlet al-Baida public beach in Beirut, Lebanon, early Thursday, March 12, 2026. (AP Photo/Bilal Hussein)
