Saudi Arabia renews $3bn deposit to Pakistan

Saudi Arabia has agreed to renew a $3bn deposit at Pakistan’s central bank to bolster the south Asian state’s depleted foreign reserves as Islamabad negotiates an aid package with the IMF, according to people familiar with the deal. The world’s top oil exporter, which has traditionally provided financial aid to Islamabad, has also agreed to … Read more

United Pays $10M Deposit for 100 Electric Aircraft

The electric aircraft industry received another boost of confidence this week as United Airlines paid Archer Aviation a $10 million deposit for 100 of the company’s vertical take-off and landing aircraft, the manufacturer announced Wednesday. The payment follows a 2021 conditional agreement between the companies in which United, along with regional partner Mesa Airlines, committed to the … Read more