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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.
  • Palestinian president, factions arrive in Egypt for talks

    Ahead of unity talks between various Palestinian factions boycotted by the militant group Islamic Jihad, President Mahmud Abbas arrived in...

    The meeting on Sunday will include the heads of other political factions, including Hamas leader Ismail Haniyeh

    In the meantime Islamic Jihad has denounced "continued political detention and prosecution of the resistance"

  • Saudi Arabia to host talks on Ukraine war in push for peace

    The talks to be hosted in the Red Sea coastal city of Jeddah next weekend will discuss a path toward...

    The latest initiative by Saudi Arabia represents a new effort to assert itself in diplomacy related to the Ukraine war

    Last year, the kingdom unexpectedly brokered the release of foreign fighters detained in Ukraine

  • Russia, Africa build a new, fairer global architecture

    "I would like to note that the African continent is emerging as a new center of power right before our...

    Russia and Africa share a strong bond of friendship and mutually beneficial ties, with foundations laid in mid-20th century

    Russia and African states are working together to build a new, fairer global architecture and protect international law

  • UAE finance ministry unveils new corporate taxation rules

    ABU DHABI, UAE - The UAE Ministry of Finance (MoF) on Saturday announced administrative penalties for violations related to the...

    The penalties will be imposed on Taxable Persons, whether an individual or a legal entity, who do not comply with their obligations.

    Penalties also apply in cases of failing to properly keep records or submitting the required records and other information specified in the Tax Law.

  • African Union, EU step up pressure on Niger coup leaders

    The African Union demanded Niger's military "return to their barracks and restore constitutional authority" within 15 days as the EU...

    The African Union and the European Union joined the chorus of international condemnation of the power grab, the latest to strike the Sahel region.

    The EU's diplomatic chief Josep Borrell said the bloc would not recognize the putschists and announced the suspension of security cooperation with Niger.

  • Iran news editor suspended over protest coverage: media

    Tehran, Iran--Iranian authorities have banned the editor-in-chief of reformist daily Etemad "from any press activity for a year" over coverage of...

    Behrooz Behzadi, the editor, was accused of printing false content after a complaint by a Tehran branch of the powerful Revolutionary Guards Corps

    Early this year, an Etemad report estimated that some 80 journalists were among the thousands arrested during the months-long unrest in Iran

  • Qatar pledges $100m for humanitarian assistance to Ukraine

    Kyiv, Ukraine - Qatar has pledged $100 million for humanitarian assistance in Ukraine. The funds were meant the rehabilitation of...

    Ukrainian prime minister Shmyhal said that the money will be used for reconstruction in the health and education sectors, and other important humanitarian projects

    Qatar prime minister Jassim Al-Thani reiterated the importance of respecting the sovereignty of Ukraine and its territorial integrity within its internationally recognized borders

  • Turkiye will accelerate ongoing defense projects: Erdogan

    Istanbul, Turkiye - Turkiye will accelerate ongoing defense projects and find solutions for the sector's requirements, Turkish President Recep Tayyip...

    Speaking at International Defense Industry Fair in Istanbul, Erdogan said the prototypes will be tested for domestic use and exports

    Turkish president said the country's advanced fighter jet Kaan,will make its maiden flight by the end of this year

  • Aramco, 5 local firms to jointly work on project in Pakistan

    ISLAMABAD, PAKISTAN - Five Pakistani state-owned companies are set to collaborate with Saudi Arabia’s Aramco to execute a $10 billion...

    The proposed joint venture will establish a mega refinery in Gwadar with a capacity of 400,000 barrels per day.

    The government of Pakistan has already approved a refinery policy for new projects in the country.

  • Egypt calls for renewal of Black Sea grain export deal

    MOSCOW, RUSSIA -  Egypt's president on Friday called on Russia and Ukraine to find "urgent solutions" to allow the resumption of...

    Moscow withdrew from the agreement after protesting for months that parts of the deal that allowed for export of Russian fertilizer were not honored.

    Russia refused to extend a deal brokered by UN and Turkey, under which Ukrainian grain exports passed through the Black Sea to reach global markets.