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AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.

ADNOC L&S to pay $136.5m dividend

This is equivalent to 6.78 fils per share, the company said.

‘TAQA’ prices $1.75bn dual tranche

The 12-year senior unsecured notes are sized $850m.

Samsung says planning job cuts

The layoffs could affect about 10 percent of the workforce.

GM reports US sales dip, that of EVs grew

The big Detroit automaker reported 659,601 US sales during the period.
  • Kuwait’s scorching summers a warning for heating planet

    Kuwait City, Kuwait -- As the blazing summer sun beats down on Kuwait, shoppers stroll down a promenade lined with palm...

    Kuwait has always been hot, its dry summers fanned by the northwesterly shamal wind that also blows over Iraq and Saudi Arabia.

    But in recent years, climate change has made summer peaks hotter and longer, said meteorologist Essa Ramadan, as periods of extreme heat have gone "from two weeks to about a month"

  • Migrants lurch between life and death in Tunisia-Libya desert

    In the unbearable midday heat, a Libyan patrol near the border with Tunisia comes across a black African man collapsed...

    In early July, hundreds of migrants from sub-Saharan African countries were driven out of the Tunisian port city of Sfax as racial tensions flared

    A joint statement from United Nations agencies referred to the "unfolding tragedy" of migrants, refugees and asylum seekers in Tunisia's border regions

  • Most oil removed from decaying tanker off Yemen: UN

    The Safer, a floating storage and offloading facility, has been moored around 50 kilometres (30 miles) from the port of...

    UN Development Programme project manager for the Safer, Mohammed Mudawi, said more than 636,000 barrels of oil had been pumped to the replacement tanker

    The UN hopes the $143 million operation will eliminate the risk of an environmental disaster that it estimates would cost $20 billion to clean up

  • Tunisia’s president dismisses first woman PM Najla Bouden

    She was appointed by the president on October 11, 2021, two and a half months after the president granted himself...

    Saied immediately appointed Ahmed Hachani as the new PM, who until now worked at the Tunisian central bank

    The new head of government, a figure unknown to the general public, was immediately sworn in before the president

  • Saudi Arabia and Indonesia discuss defense and military cooperation

    Jakarta, Indonesia-- Saudi Arabia and Indonesia have discussed defense and military cooperation in a meeting between Indonesian Minister of Defense...

    The two ministers discussed bilateral relations and military and defense cooperation, as well as other issues of common concern

    The Saudi defense minister also met with heads of Indonesian defense companies who presented their latests defense products

  • Iraq says in touch with US over settling $10bn debt it owes Iran for gas imports

    On July 11, Prime Minister Mohammed Shia al-Sudani announced that Iraq would start paying for Iranian gas with oil, as...

    Iranian gas is crucial for Iraq's electricity generation, but US sanctions on Iranian oil and gas impose restrictions on how Baghdad can pay for its imports

    Iraq cannot directly hand over cash to Iran, but payments must be held in a bank account and be used by Tehran to fund imports of food and medicines

  • Donald Trump indicted for trying to overturn 2020 US election

    The former US president now faces the most serious legal threat yet as he campaigns to return to the White...

    The indictment charges Trump with conspiracy to defraud the US and conspiracy to obstruct an official proceeding

    Reacting to the indictment, Trump's campaign compared his prosecution to "Nazi Germany in the 1930s"

  • An output cut of one million barrels per day (bpd) was being discussed at OPEC+, sources said before the announcement. Credit: Pixabay

    Brazilian-Saudi Investment Forum witnesses inking of 25 MoUs

    SAO PAULO, BRAZIL - The Ministry of Investment organized here the Brazilian-Saudi Investment Forum, which saw the signing of many...

    The 25 MoUs covered petrochemicals, healthcare, defense, food, real estate, tourism, water desalination and treatment, and agriculture.

    The new library will act as a central hub to connect the university’s 28 sub-libraries and will contribute towards enhancing its educational capabilities.

  • UAE vows to allow ‘peaceful’ assembly of climate activists at COP28

    The UAE, set to host COP28 from November to December in the business hub of Dubai, requires official permission for protests...

    The announcement was made in a joint statement with the United Nations Framework Convention on Climate Change (UNFCCC).

    The statement was released after COP28 president Sultan al-Jaber and UNFCCC chief Simon Stiell signed a pact in Abu Dhabi that provides the legal basis for organizing the event.

  • Saudi Arabia funds construction of library in Bosnia and Herzegovina

    SARAJEVO, BOSNIA AND HERZEGOVINA - Saudi Fund for Development (SFD) Board of Directors Chairman Ahmed Al-Khateeb, laid the foundation stone...

    The funding for construction and equipping of the library has been through a US$22 million grant provided by the Saudi Fund for Development.

    The new library will act as a central hub to connect the university’s 28 sub-libraries and will contribute towards enhancing its educational capabilities.