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  1. Lebanon's lower house of parliament approved a proposed law on the demarcation of the country's maritime boundary last week, amid fears of conflict with Israel over an area potentially rich in gas.
  2. Airbus Military has been awarded a contract to design and manufacture nacelle covers for the engines of the new Airbus A320neo.
  3. General Dynamics announced that Larry R. Flynn, 59, will become President of Gulfstream Aerospace Corporation on September 1. Gulfstream is a wholly owned subsidiary of General Dynamics.
  4. A military helicopter was shot down in eastern Afghanistan, killing 31 U.S. special operation troops, most of them from the elite Navy SEALs unit that killed al-Qaeda leader Osama bin Laden, along with 7 Afghan commandos. This was the deadliest...
  5. Flydubai, Dubai’s pioneering low-cost airline, has doubled the size of its fleet in just one year following the arrival of its 18th aircraft earlier this week.
  6. Libya’s rebel forces on Friday said an overnight NATO strike on an operations center in the western town of Zliten has killed Muammar Qaddafi’s son Khamis and 32 others, but the claims were quickly dismissed as “dirty lies” by the Libyan government...
  7. Air Arabia, a leading low-cost carrier, has posted a net profit of Dh51 million ($13.88 million) for the second quarter of 2011, an increase of 2% compared to Dh50 million in the corresponding period in 2010.
  8. The United Arab Emirates is France’s best bet in the short term for clinching an export deal for Dassault Aviation’s Rafale fighter jet, French Defense Minister Gerard Longuet recently said.
  9. According to recent estimates, overall defense spending in the Middle East will hit USD 100 billion by 2015 with the bulk of expenditure expected to be focused on high-technology security systems and other sophisticated homeland security solutions.
  10. A UK court has ordered The Independent newspaper to pay Prince Naif, Second Deputy Premier and Minister of Interior of Saudi Arabia, libel damages over an article which accused him of ordering Police Chiefs to shoot and kill unarmed demonstrators...
 



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