Search Site

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.
  • GCC, Central Asian states pledge to boost strategic ties

    The two sides endorsed a comprehensive joint statement that called for the boosting of political and strategic ties and strengthening...

    Both sides stressed the need for regional and international security and promotion of renewable energy sources

    Pledges were made to invest in sectors like green economy, digital economy, innovation and green technology

  • Fund shortage forces UN body to slash aid for Syrian refugees

    AMMAN, JORDAN - The United Nations' World Food Program has announced it would reduce cash assistance to nearly 120,000 Syrian refugees...

    The WFP said that "further reductions in food assistance for refugees in Jordan have become unavoidable as funds run precariously low".

    As of next month, the Syrian refugees in the two camps will receive "a reduced cash allowance of $21 per month per person" down from the current $32.

  • Israel air strikes in Syria kill 3 pro-regime fighters: monitor

    The Britain-based Syrian Observatory for Human Rights said the strikes also targeted positions of the Syrian army's elite Fourth Division...

    Syrian state news agency SANA earlier reported two soldiers had been wounded in the overnight strikes

    The war monitor said the targets included warehouses used by Lebanon's Iran-backed Hezbollah militant group

  • Turkish President Erdogan concludes economy-driven Gulf tour in UAE

    The Comprehensive Economic Partnership Agreement (CEPA), signed in March, has further enhanced bilateral economic collaboration. The CEPA sets the stage...

    The UAE and Turkey have signed numerous strategic agreements and MoUs to boost bilateral cooperation across various sectors

    In 2022, non-oil trade between the UAE and Turkey reached nearly US$19 billion, reflecting a substantial increase from previous years

  • One dead, hundreds of migrants rescued off Morocco: media

    The Spanish islands have long been a draw for migrants seeking a better life in Europe, with many boats setting...

    Morocco in northwest Africa is a transit country for many migrants trying to get to Europe via Spain's mainland or its Canary Islands in the Atlantic

    Morocco's news agency citing a military source, said the kingdom's navy rescued 845 migrants, mostly from sub-Saharan Africa, between July 10 and Monday

  • Erdogan’s visit: Qatar and Turkey seek to deepen strategic partnership

    Qatar’s emir Sheikh Tamim bin Hamad Al-Thani praised Turkey's efforts to improve the country's financial situation and reduce inflation rates...

    Erdogan and Sheikh Tamim also discussed important regional and international developments and witnessed the signing of a joint statement

    Erdogan recognized Qatar's inherent economic potential and its balanced growth rates, saying it was one of the most robust economies in the region

  • Leaks, repairs, stress: how skeleton crew stopped Red Sea oil disaster

    The sinking of the vessel, or an on-board explosion, would have unleashed a thin slick of oil across the Red...

    "Any oil ship needs regular maintenance... to keep the ship safe," said Ebrahim al-Moshki, head of Hodeida's maritime affairs authority

    The UN has said half a million people work in the area's fishing industry, and that 200,000 livelihoods "would be instantly wiped out"

  • Chinese president vows solid ties with Algeria, eyes energy supply

    China's President Xi Jinping has pledged stronger ties with Algeria, highlighting the importance of their comprehensive strategic partnership. Algeria, Africa's...

    President Xi Jinping emphasized the readiness of China to work with Algeria in strengthening strategic communications and deepening exchanges and cooperation

    Algerian President Tebboune is on a five-day official visit to China, his inaugural trip to China since being elected as the premier of Algeria

  • Saudi Arabia’s exports to Turkey hit $13.93 billion in three years

    Riyadh, Saudi Arabia -- Saudi Arabia’s exports to Turkey during the past three years amounted to SAR 52.280 billion ($13.93 billion),...

    Saudi exports largely comprised plastics, metal products, organic chemical products, steel, precious metals and stones.

    A total of 1,140 companies Saudi companies have invested in several sectors in Turkey, with investments surpassing $18 billion.

  • Dubai issues law to regulate urban planning for sustainable development

    Dubai, UAE -- Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has issued a law (No. 16 of 2023) to...

    The law seeks to create an integrated and effective urban planning system that promotes investment, sustainable development, prosperity, and an improved quality of life.

    To oversee the implementation of this law, a 'Supreme Committee for Urban Planning' will be formed, comprising representatives from authorities responsible for urban planning.