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Lebanon army says 16 arrested in 'illegal' currency ring

Sixteen people in Lebanon, mostly Syrians, have been arrested for money transfers and "illegal" currency exchange operations, the army said on Saturday, amid a government crackdown on exchange rate manipulation.  The army said in a statement that it had arrested 13 Syrians and three...

Emirates Group planning to cut about 30,000 jobs

Emirates Group plans to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, reducing employees by about 30 percent from more than 105,000 at the end of March, Bloomberg News reported, citing people familiar with the matter. The company is also considering speeding up the...

UAE equipped mercenaries to raid ships off Libya: UN

A United Arab Emirates (UAE) company purchased six helicopters and two boats to raid ships off Libya in a move to support Libyan renegade commander Khalifa Haftar, a UN panel revealed. According to confidential letters by a Panel of Experts, under the Security Council's Libya Sanctions...