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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.
  • Modi’s visit: India, UAE sign pact to trade in local currencies

    Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) and the Reserve Bank of India (RBI) on Saturday...

    CBUAE and RBI aim to develop the foreign exchange market, facilitate bilateral trade, encourage direct investment, and facilitate financial transfers

    The pact enables acceptance of local cards in both countries for ATM cash withdrawals and direct point-of-sale purchases without relying on external payment networks

  • UAE, India pledge for success of Dubai’s COP28 event

    The UAE and India vowed to make this year's COP28 conference in Dubai a success, as Indian Prime Minister Narendra...

    "The UAE and India are united in their determination to ensure the successful outcome of COP28 as an inclusive and action-oriented conference," said a statement.

    The leaders of both the countries said they were "committed to enhance cooperation on climate ambition, decarbonization and clean energy".

  • Ukraine grain deal failed to achieve objective, says Putin

    Russian President Vladimir Putin said the main objective of the deal that allowed Ukrainian grain exports to resume was not...

    A memorandum on unhindered Russian food and fertilizer exports had been signed in parallel to the grain deal.

    "The main goal of the deal, namely the supply of grain to countries in need, including on the African continent, has not been implemented," Putin said.

  • UAE-India trade rose to US$384bn in 2013-22

    ABU DHABI, UAE - The significant growth in the volume of non-oil trade between the UAE and India signifies the...

    CEPA will help deliver the target of reaching US$100 billion in non-oil trade annually over the next five years.

    During 2020-2022, non-oil trade between the UAE and India has grown from US$27.9 billion to US$51.4 billion last year.

  • With Putin arriving in Aug, Erdogan confident of Ukraine grain deal extension

    The Black Sea grain deal was first signed in July 2022, five months after the Russian invasion of Ukraine, and...

    Erdogan said he had spoken with Russian President Vladimir Putin about the crucial deal, set to expire on Monday, though he did not say when the conversation had taken place

    Earlier Friday, speaking in Jakarta, US Secretary of State Antony Blinken called on Russia to extend the deal, warning that the most vulnerable countries would suffer without it

  • Tunisia rights groups urge aid, shelter for stranded migrants

    Hundreds of migrants fled or were forced out of Tunisia's second-largest city after racial tensions flared following the July 3...

    Around 100 protesters demonstrated Friday evening in Tunis at the call of an anti-fascist coalition, expressing their "solidarity with undocumented migrants"

    HRW has said the migrants had been left to fend for themselves without water or shelter in the border regions, where temperatures surpass 40 degrees Celsius

  • Indian PM Modi arrives in UAE after his France visit

    Dubai, UAE - India’s Prime Minister Narendra Modi arrived in Abu Dhabi today for the final leg of his two-nation...

    Indian PM is scheduled to meet with UAE President Sheikh Mohamed bin Zayed Al Nahyan and conduct a comprehensive review of the progress in bilateral relations

    The visit comes after his two-day visit to Paris, where Modi participated in the Bastille Day parade as the Guest of Honour alongside French President Emmanuel Macron

  • Damascus conditions for cross-border aid ‘unacceptable’: UN

    A letter this week from Syrian authorities allowing use of the border crossing between Turkey and Syria "contains two unacceptable...

    OCHA said it was concerned that the Syrian government had "stressed that the United Nations should not communicate with entities designated as 'terrorist'

    The second condition it bridled at was that ICRC and Syrian Arab Red Crescent should "supervise and facilitate the distribution of humanitarian aid" in northwest Syria

  • India launches an unmanned spacecraft to land on Moon

    India launched a rocket carrying an unmanned spacecraft to land on the Moon, its second attempt to do so as...

    "Chandrayaan-3... has begun its journey to the Moon. Health of the spacecraft is normal," the Indian Space Research Organization said on Twitter.

    The world's most populous nation has a comparatively low-budget aerospace program that is rapidly closing in on the milestones set by global space powers.

  • UN says over 165m people fell into poverty in 3 years of crisis

    UNITED NATIONS - The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into...

    The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the UN said.

    Because of these shocks, the United Nations has called for a pause in debt repayments for developing countries.