AviLease prices $650m notes due 2031, oversubscribed 5.3x
AviLease, owned by Saudi PIF, priced $650 million notes due 2031 with 5.5% coupon. Oversubscribed 5.3 times, proceeds for general corporate purposes.
Category : Corporate News
JPMorgan Executive Fired Over Viral Bin Theft
Angie Báez, a JPMorgan Chase executive, was fired after a viral video showed her stealing a public bin during NYC's Knicks championship parade, sparking criticism from sanitation officials.
Sotheby's $9.7M Luxury Auction in Abu Dhabi
Sotheby's launches 'Abu Dhabi Collectors’ Edit: Materiality' online auction from June 24 to July 10, expected to achieve between $6.6 million and $9.7 million, featuring over 30 luxury lots including jewelry, watches, and automobiles.
KMC Adopts Fully Digital Raast Payment System
Karachi Metropolitan Corporation (KMC) will become the first municipal institution in Pakistan to adopt a fully digital payment system via Raast, starting July. Mayor Murtaza Wahab says the move will enhance transparency, reduce delays, and eliminate pape
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Provinces Hinder Fiscal Devolution to Local Governments
Provinces are projected to receive Rs9.2 trillion in federal transfers in FY26-27, but only Rs1.8 trillion is passed to local governments, stalling grassroots democracy and development.
KGTL Plans $100M Investment After Iran War Cargo Surge
Karachi Gateway Terminal Ltd plans $75-$100 million investment to expand container and bulk facilities, leveraging Iran war cargo surge to make Pakistan a transshipment hub.
Liam Payne's Son Bear Inherits $29 Million Estate
Court documents reveal Liam Payne's 9-year-old son Bear is the sole beneficiary of his $29 million estate, with funds held in trust until adulthood.
Jordan Pakistan Military Talks on Drone Cooperation
Jordan's top military officer met Pakistan's drone commander in Amman to discuss drone systems, advanced defense technologies, and training cooperation, according to Jordan News Agency.
MENA Startups Attract Over $69m in Funding This Week
Startups across the Middle East and North Africa attracted over $69 million in funding this week, led by UAE-based CNTXT AI's $60 million Series A round.
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Australian Police Seize 3 Tons of Cocaine in Record Bust
Australian police found 2.7 metric tons of cocaine on a Sydney property, the largest seizure in the country's history, with a street value of $572 million.
FBR to Review Mobile Phone Tax Reduction, Panel Approves Higher Duties
FBR chairman assures parliamentary panel of reviewing reduction in 20% regulatory duty on imported phones under $200; committee approves higher customs, excise duties on hybrid, electric, luxury vehicles.
Karachi E-Challans Cut Road Fatalities by 30%: Traffic Police
Karachi traffic police report a nearly 30% reduction in road fatalities over six months, attributing it to e-challans and surveillance cameras, though concerns remain over heavy vehicle regulation.
White House Bids Farewell to Old Air Force One
White House officials posted farewells to the VC-25A Air Force One after its final flight. A modified Qatari 747-800 will soon join the fleet as a bridge aircraft.
British Actress Charged in 320kg Meth Smuggling in Australia
Emaa Hussen, a British actress from EastEnders spin-off and Jason Statham film, charged with attempting to import 320kg of methamphetamine worth A$296m from Ghana into Australia.
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Vietnamese Tycoon Truong My Lan Struggles to Repay Billions Despite Auctions
Disgraced Vietnamese tycoon Truong My Lan faces immense difficulty repaying $27 billion to fraud victims, as auctions of her luxury cars, handbags, and yachts yield minimal funds.
Jurassic World Dominion Now Most Expensive Film at $659M
New financial records show Universal spent $659 million on Jurassic World Dominion, surpassing Star Wars: The Force Awakens' $639 million record.
Pakistan, Germany Discuss Boosting Bilateral Investment and SME Cooperation
Federal Minister Qaiser Ahmed Sheikh met a German delegation to explore investment opportunities, SME collaboration, and economic connectivity between Pakistan and Germany.
10 things Elon Musk can — but probably won’t — do with $1 trillion
Elon Musk is now the world's first trillionaire. Here are 10 ways he could use his fortune to solve global problems, from ending poverty to curing diseases.
SpaceX Overtakes Amazon as Fifth Most Valuable Company
SpaceX's market value surpasses Amazon's after a 50% share price surge, reaching $2.78 trillion. The rocket company's AI acquisition and ambitious space plans drive investor enthusiasm.
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SpaceX IPO Soars, Musk Becomes First Trillionaire
SpaceX shares surged over 19% in its Wall Street debut, giving Elon Musk a net worth of $1.1 trillion and making him the world's first trillionaire.
US Clears Paramount's $111 Billion Warner Bros. Takeover
The US Justice Department approved Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery without conditions, but states may sue.
MENA Startup Funding Surges 202% to $454.7M in May
MENA startups raised $454.7M in May 2026, a 202% monthly increase. Debt financing dominated, with logistics and fintech leading. Saudi Arabia saw $70M across 11 deals.
Moody's Affirms UAE Aa2 Rating Despite 7% Contraction
Moody's Ratings affirmed UAE's Aa2 sovereign rating with stable outlook, citing financial buffers and diversification, despite forecast 7% GDP contraction in 2026 due to Hormuz disruption.
Lucky Investments, DIB Pakistan Join for Islamic Finance
Lucky Investments and DIB Pakistan collaborate to distribute Shariah-compliant mutual and pension funds through DIB's nationwide network, enhancing Islamic investment access.
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US Clears Paramount Skydance's $111 Billion Warner Bros. Deal
The US Justice Department approved Paramount Skydance's $111 billion takeover of Warner Bros. Discovery without conditions, citing no harm to competition. The deal faces potential state antitrust lawsuits.
Pakistani Hostages 50 Days in Somali Pirate Captivity
Pakistani crew members held by Somali pirates have spent 50 days in captivity. A new video shows them appealing to Pakistan and Indonesia for help, citing dire conditions and stalled negotiations.
Elon Musk Becomes World's First Trillionaire
Elon Musk's net worth exceeds $1.1 trillion after SpaceX's record IPO, making him the world's first trillionaire despite controversies and political fallout.
Saudi Arabia and Turkiye Sign Railway Cooperation Agreement
Saudi Arabia and Turkiye have signed an agreement to boost railway cooperation, supporting Vision 2030 goals and enhancing transport infrastructure.
Saudi Non-Oil Output Up 2.1% Year-on-Year in April
Saudi Arabia's non-oil industrial activities grew 2.1% year-on-year in April, while overall IPI fell 19.1% due to drops in mining and manufacturing.
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Saudi Fixed Capital Investment Hits $95.4bn in Q1 2026
Saudi Arabia's gross fixed capital formation rose 5.1% to $95.4bn in Q1 2026, driven by non-government investment and Vision 2030 projects, official data shows.
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