Monday 25 June 2018
 
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Salalah airport announces emergency 24hr shut down

Following the announcement of an approaching tropical cyclone, Oman's Salalah Airport has announced that the facility will be closed to air traffic from midnight tonight (12:00 am on May 25) for at least 24 hours, a report said.

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Alba closes $247m export credit financing deal

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, has successfully closed the first part of the second tranche of €204.5 million ($247.01 million) Export Credit Agency (ECA) covered financing facilities. It will

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Alba closes $247m export credit financing deal

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, has successfully closed the first part of the second tranche of €204.5 million ($247.01 million) Export Credit Agency (ECA) covered financing facilities. It will

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Abu Dhabi Air Expo draws to a close

The Abu Dhabi Air Expo 2018 came to a close yesterday (February 28), concluding the three-day event held at Al Bateen Executive Airport which showcased the industry's latest progress and innovations to key players in business and aviation.

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Fujairah beaches cleared of oil slick

An oil spill along the coast of Fujairah has been cleared up by the Dibba Municipality and teams from various hotels across the coast. Beaches were cordoned off earlier this week as they were unsafe for guest access. The oil sp

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Fujairah beaches cleared of oil slick

An oil spill along the coast of Fujairah has been cleared up by the Dibba Municipality and teams from various hotels across the coast. Beaches were cordoned off earlier this week as they were unsafe for guest access. The oil sp

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Etihad, Natixis close first aircraft leasing transactions

Etihad Airways and Natixis have completed a sale and leaseback for two 2016 vintage Airbus A380 aircraft. Both aircraft are owned by special purpose companies based in Abu Dhabi Global Market (ADGM), the world’s newest inter

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Al Arabiya TV closes Beirut office amid Saudi tensions

The Saudi-owned television news channel Al Arabiya has shut its offices in Lebanon and dismissed 27 employees, two of its journalists said on Friday, in a sudden move that comes amid political tensions between Riyadh and Beirut. &

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Al Hilal Bank closes $175m two-year Islamic loan

Abu Dhabi's government-owned Al Hilal Bank has closed a $175 million Islamic loan transaction with three banks, sources aware of the matter told Reuters on Thursday.   The loan has a life span of two years, t

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Bank ABC in $250m million loan facility deal

Bahrain-based Bank ABC said it has closed a $250 million syndicated term loan facility for Bank Sohar. The three-year facility was signed on July 14 and will be used by Bank Sohar for general funding purposes, said a report in the

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