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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.
  • Rockets, shells kill at least 20 civilians in Sudan

    According to lawyers and medics, rocket fire on residential areas of one of Darfur's main cities and shelling near hospitals...

    Ravaged by brutal conflict in the early 2000s, Darfur has seen some of the worst of violence since fighting erupted in mid-April

    Hundreds of thousands of people displace by the war live on the land between the White Nile and Blue Nile rivers

  • G20 nations fall short of common plan on fossil fuels

    NEW DELHI, INDIA - Energy ministers from the group of 20 nations meeting in India on Saturday failed to agree...

    The failure to reach agreement in Goa comes despite G7 leaders agreeing in Hiroshima in May to "accelerate the phase-out of unabated fossil fuels".

    G20 host nation India is itself only pledging to reach net zero by 2070, 20 years later than the commitment made by many other countries.

  • Israeli reserve troops warn government over judiciary overhaul

    JERUSALEM- More than 1,100 Israeli air force reservists -- including fighter pilots -- threatened to suspend volunteer service as protests...

    At least 1,142 air force reservists declared their intention to suspend volunteer service if parliament passes the bill next week.

    Israel's Prime Minister Benjamin Netanyahu's hard-right government unveiled in January the plans to limit the judiciary's powers.

  • Arab-Indian Chamber of Commerce to be unveiled soon

    NEW DELHI, INDIA - A Joint Arab-Indian Chamber of Commerce is to be “activated” soon. This was announced in the...

    This was announced in the “Delhi Declaration” at the conclusion of the sixth India-Arab Partnership Conference in New Delhi

    Setting up of the Chamber was decided during an earlier session of the India-Arab Partnership Conference held in Muscat

  • Israeli army shoot Palestinian dead in occupied West Bank

    NABLUS, PALESTINIAN TERRITORIES - Israeli forces have shot dead a Palestinian in the occupied West Bank, Palestinian officials said on Saturday,...

    Fawzi Mukhalifa, 18, "was killed by the occupation (Israeli) bullets in the town of Sebastia" late on Friday, the Palestinian health ministry said.

    The army said troops had responded to "a car ramming attempt by firing towards the suspects who were in the vehicle. The driver was neutralized".

  • UAE plays an active role in shaping better future for societies, says minister

    NEW DELHI, INDIA – The UAE is committed to playing an active role in global efforts to shape a better...

    The UAE is also committed to enhancing human resources’ contribution to sustainable development.

    The minister applauded all G20 members for “their dedication and commitment to the objectives and vision of the forum.”

  • Suspect identified in UN personnel’s killing in Yemen, says official

    DUBAI, UAE - Authorities in Yemen have identified a suspect in the killing of a World Food Program official in the...

    Moayad Hameidi, the head of the UN food agency's office in Taez, was killed in a shooting on Friday in the nearby city of Turbah.

    Taez is controlled by the government but is surrounded and blockaded by areas under Houthi control.

  • Nations look to sign deep sea mining rules by 2025

    The member nations of the International Seabed Authority (ISA) agreed on a two-year roadmap for the adoption of deep sea...

    The ISA Assembly and its 167 member states next week will discuss a "precautionary pause" in mining, supported by about 20 countries

    Scientists believe deep sea mining can destroy habitats and species that may still be unknown but are potentially vital to ecosystems

  • Bahrain and US assert commitment to freedom of maritime navigation

    Dubai, UAE-- Bahrain and the US have reaffirmed their commitment to freedom of navigation in international waters. They reiterated the...

    Both the countries noted the importance of safe passage for commercial shipping in the Strait of Hormuz and denounced acts putting freedom of navigation at risk

    They also pledged to combat climate change through the deployment of clean energy sources and innovations such as carbon-capture technologies

  • Gulf economies pivot towards China: Multi-billion dollar investments strengthen relations

    Economic ties between China and the Gulf region's largest economies, Saudi Arabia and the UAE, have surged since President Xi...

    The value of Gulf companies' acquisitions and investments in China this year increased by more than 1,000 percent yearly to $5.3 billion

    Abu Dhabi's sovereign wealth fund, the "Mubadala Investment Company," is expanding its operations in China to attract investments