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.
  • Saudi Arabia, Japan issue joint statement on Lighthouse Initiative for Clean Energy Cooperation

    RIYADH, SAUDI ARABIA – Saudi Arabia and Japan issued a joint statement on Lighthouse Initiative for Clean Energy Cooperation. The...

    Recognizing net-zero and clean energy ambitions, both sides decided to establish the KSA-Japan Lighthouse Initiative for Clean Energy Cooperation.

    The initiative will serve as a beacon for other countries and regions as they develop their strategies and roadmaps toward their net zero ambitions.

  • Dubai posts 44 percent growth in business event bid wins in H1 2023

    DUBAI, UAE – The city has registered a strong year-on-year growth of 44 percent in business event bid wins in...

    Dubai Business Events worked with partners and stakeholders to win 143 conferences, congresses, meetings and incentives in H1 2023.

    These events are expected to bring over 94,000 additional visitors to the city, including global experts and leaders in their respective fields.

  • Global debt dominates as G20 finance chiefs meet in India

    Indian Finance Minister Nirmala Sitharaman, chair and host of the summit in Gandhinagar, began by telling finance leaders of "the...

    Key on the two-day agenda will be "facilitating consensus to intractable issues associated with rising indebtedness", Sitharaman said

    A top official from G20 chair India said there had been a "not so encouraging response" from Beijing on shared debt understanding

  • Libya border guards rescue migrants in desert near Tunisia

    Many journalists at the Libyan-Tunisian border saw migrants who were visibly exhausted and dehydrated, sitting or lying on the sand...

    Hundreds of migrants from sub-Saharan African countries were forcibly taken to desert and hostile areas bordering Libya and Algeria after racial unrest in early July in Sfax

    Hundreds of migrants fled or were forced out of Sfax after racial tensions flared following the July 3 killing of a Tunisian man in an altercation between locals and migrants

  • War-scarred Sudan refugees face soaring rent prices in Cairo

    As Egypt said more than 250,000 people crossed in from Sudan -- fleeing ceaseless air strikes, street battles, rampant looting...

    Purchasing power in the import-dependent economy has been slashed as families struggle to make ends meet

    New arrivals from Sudan face hardships, with realtors reporting a sharp increase in demand in Egypt's Cairo

  • Towards the next 50 years between Japan and UAE

    "In education, Japan is working to promote study exchanges and internships for Emirati students and young professionals. Japan continues to...

    Japan has contributed significantly to the development of the UAE's oil industries and infrastructure since the 1960s, writes Japanese Prime Minister Fumio Kishida

    Cooperation between Japan and the UAE spans sectors such as climate change, education, science and technology, space, and defense, the Japanese PM points out

  • Tunisia and EU sign ‘strategic’ deal on economy, migration

    The deal between the two countries will include partnership on irregular migration, economic development and renewable energy. Tunisia has been...

    European Commission President Ursula von der Leyen said Sunday's accord aims to "invest in shared prosperity"

    The International Organization for Migration has said 2,406 migrants died or disappeared in the Mediterranean in 2022

  • Israeli court orders government to release seized Palestinian boat

    GAZA CITY, PALESTINIAN TERRITORIES - Israel returned a boat to a Gaza fisherman it had seized for allegedly breaching the limits...

    Israeli authorities had called for the vessel, belonging to fisherman Mohammad al-Hissi, to be permanently confiscated.

    However, a Haifa court last month ordered that the boat be returned to Hissi even as legal proceedings continued.

  • Iraq, Syria pledge to enhance cooperation, counter terrorism

    They discussed "reinforcing cooperation between the two countries in various sectors... in addition to joint efforts to fight back against...

    Despite the conflict Iraq maintained diplomatic ties with its neighbor Syria and on Sunday Assad hosted Iraqi Prime Minister Mohamed Shia al-Sudani for talks in Damascus.

    They discussed "reinforcing cooperation between the two countries in various sectors... in addition to joint efforts to fight back against terrorism".

  • Production restarts at Libya oil fields after protests end

    Tripoli, Libya - Oil production has resumed at two major Libyan oil fields, the oil ministry said Sunday, after a brief...

    Demonstrators had been protesting against the arrest of a former minister Faraj Abderrahmane Boumtari.

    Members of his Zouaya tribe on Thursday threatened to block oil terminals in the east if he was not released. He was released Saturday.