Category: Mid East
Reuters reveals Airbus implements A350 design change amid Qatar Airways feud
Reuters Reuters reported Airbus has carried out design changes to A350 passenger jets amid a $2 billion dispute with Qatar Airways over surface damage, which spilled over to a debate on security this week. The two companies have been fighting in court for months over the safety impact of flaking paint that exposed corrosion or…
Read MoreReuters reveals Renault, Geely look to bring Aramco into engine venture
Reuters Reuters was first to report that Renault SA and China’s Geely Automobile Holdings are working to finalise a deal to bring Saudi Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies. The post Reuters reveals Renault, Geely look to bring Aramco into engine venture appeared first on…
Read MoreReuters reveals U.S. puts sanctions on Turkish businessman, citing links to Iran’s Quds Force
Reuters Reuters exclusively revealed that the Biden administration was to impose sanctions on prominent Turkish businessman Sitki Ayan and his network of companies, accusing him of acting as a facilitator for oil sales and money laundering on behalf of Iran’s Revolutionary Guard Corps (IRGC). According to the Treasury, the companies established international sales contracts for…
Read MoreReuters reveals Iran racing to expand enrichment at underground plant, IAEA report shows
Reuters Reuters exclusively revealed that Iran is rapidly expanding its ability to enrich uranium with advanced centrifuges at its underground plant at Natanz and now intends to go further than previously planned, a confidential U.N. nuclear watchdog report seen by Reuters showed. The post Reuters reveals Iran racing to expand enrichment at underground plant, IAEA…
Read MoreReuters reveals Lebanon to slash official exchange rate from Nov. 1, finance min says
Reuters Reuters was first to report Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a rate of 15,000 in a step towards unifying numerous exchange rates, the finance minister told Reuters on Wednesday. The post Reuters reveals Lebanon to slash official exchange rate from…
Read MoreReuters reveals Blackstone to sell $400 mln stake in Indian REIT; Abu Dhabi fund eyes investments
Reuters Reuters exclusively reported Blackstone will sell a stake worth up to $400 million in Embassy Office Parks REIT, India’s biggest real estate investment trust, via Indian stock exchange block deals. Abu Dhabi’s sovereign wealth fund, one of the world’s largest, is likely to pick up at least half of the stake that Blackstone is…
Read MoreReuters reveals Turkish interest rate cut; lira falls to an all-time low
Reuters Reuters was first to report Turkey’s central bank cut its policy rate by 100 basis points today, even as inflation rose above 80%, and as central banks globally race in the opposite direction and tighten policy. The Turkish lira sank to a record low of 18.42 versus the dollar after the move. The post…
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