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.
  • Iraq detects first captagon producing lab near Saudi border: Ministry

    Baghdad, Iraq -- Iraq said Sunday it has found a site in a province bordering Saudi Arabia where captagon is produced,...

    Iraq has long been a transit country for captagon, the amphetamine-like stimulant plaguing the Middle East, but officials say it has also become a consumer market for the drug.

    The vast majority of the region's captagon, which derives its name from a once legal drug use to combat narcolepsy, is produced in Syria -- another Iraqi neighbor -- and Lebanon.

  • UNDP says over US$14bn needed to mitigate global surge in poverty

    NEW YORK, US – In the last three years, poverty rates in low-and lower-middle-income countries have surged, with the number...

    UNDP has called for adaptive social protection and a debt-poverty pause to redirect debt repayments toward critical social expenditures.

    Almost all of these financially hit people live in low - and lower-middle-income economies, with the poorest 20 percent in low-income countries

  • Japanese Prime Minister Fumio Kishida arrives in Jeddah on Sunday afternoon for a three-day visit to the GCC. (SPA)

    Saudi Arabia, Japan sign 26 new cooperation deals

    The deals signed during Japanese Prime Minister Fumio Kishida's official visit to Saudi Arabia reflect the shared commitment to the...

    The deals signed during Japanese Prime Minister Fumio Kishida's official visit to Saudi Arabia reflect the shared commitment to the Saudi-Japanese Vision 2030

    The two nations' trade volume reached $47.489 billion in 2022 as Saudi Arabia continues to be a key energy partner to Japan, providing 40 percent of its oil needs

  • Fears over Syria’s proposed control on aid to rebel-held areas

    They worry over the fate of residents in Syria's last remaining rebel strongholds, in the north and northwest, after the...

    But expiry of the UN mechanism, as well as Syria's decision to change course on the delivery of aid to those areas, has sparked fears and questions among the humanitarian community

    The crossing is the main entry point for aid to rebel-held areas, though it also occasionally trickles in from areas under the control of Damascus.

  • MBRGI joins UAE delegation, takes part in UN forum on sustainable development goals

    DUBAI, UAE - Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) joined the UAE delegation to the United Nations High-Level...

    Established in 2012, the High-Level Political Forum is the UN’s central platform for the follow-up and review of the 2030 Agenda for SDGs at the global level.

    The UAE delegation discussed ways to bolster mutual collaboration, strategic partnerships and knowledge-sharing, in line with MBRGI’s mission.

  • Morocco, Shell sign 12-year natural gas deal: ministry

    Morocco has sought to diversify its energy sources particularly since neighbouring Algeria stopped supplying natural gas via the GME in...

    The agreement includes the annual delivery of 500 million cubic meters of LNG to Morocco, the value of the 12-year deal has not been disclosed

    In the initial years, the gas will be delivered through Spanish ports and the Maghreb GME, It will eventually be delivered through planned Moroccan LNG terminals

  • Iraqi Christian leader leaves Baghdad as tensions with president soar

    Cardinal Louis Raphael Sako, the patriarch of Iraq's Chaldean Catholic Church and architect of Pope Francis' historic visit to the...

    Kildani is the leader of the Babylon Movement, whose armed wing is part of Hashed al-Shaabi - a network of largely pro-Iran paramilitaries that were integrated into Iraqi forces

    In a statement on Saturday, the cardinal condemned the government's "silence" over what he described as a campaign against him by the Babylon Movement

  • Iraq honey production at the mercy of heat and drought

    Bees thrive in temperatures of around 30-35 degrees Celsius, not in searing heat, when the thermometer climbs to 50, said...

    A bee needs to constantly forage for the pollen and nectar necessary for honey production but the drought is forcing bees to travel longer to pollinate

    In 2022, honey produced in parts of Iraq controlled by the Baghdad federal authorities reached 870 tonnes, while in Kurdistan 850 tonnes were produced

  • Israelis continue protests as judicial reform advances

    Following stiff opposition and growing international criticism -- including from US President Joe Biden -- Prime Minister Benjamin Netanyahu ordered...

    Saturday's rallies, the 28th since the reform agenda was unveiled in January, come days after parliament approved in its first reading the bill

    The proposals on Judicial reforms would also give the Netanyahu's government a greater say in the appointment of judges

  • Tensions lurk behind facade of Gulf Arab detente: Crisis Group

    Dubai, UAE - Six years after imposing a comprehensive blockade on Qatar, Saudi Arabia, the United Arab Emirates (UAE), and...

    The roots of the Gulf dispute stemmed from Qatar's foreign policy, which was viewed as a threat by Saudi Arabia, the UAE, Bahrain, and Egypt

    While the four-year blockade of Qatar may be over, deep-seated fault lines remain, and new ones are emerging