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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.
  • Sudan summit pleads for peace as UN reports mass grave in Darfur

    Amid reports of a mass grave having been found in the country's Darfur region, the African leaders summit exhorted an...

    The war between rival generals in Sudan has left nearly 3,000 people dead and millions homeless

    Many of Sudan's neighbors fear a spillover of the conflict into their countries, escalating the crisis

  • Egypt, Ethiopia to finalize deal on Nile dam in four months

    The two countries resolved to finalize a deal over Ethiopia's big dam on the Blue Nile in four months, a...

    The two leaders, according to a joint statement, "discussed ways of overcoming the current stalemate in negotiations"

    Egypt sees the dam as an existential threat as it depends on the Nile for 97 percent of its water requirements

  • Chinese hackers breach mail accounts of US agencies: Microsoft

    Microsoft did not identify the targets but a US State Department spokesperson said the department had "detected anomalous activity" and...

    "The threat actor Microsoft links to this incident is an adversary based in China that Microsoft calls Storm-0558," the company said

    Microsoft said Storm-0558 gained access to email accounts at approximately 25 organizations including government agencies

  • Tunisia protestors demand jailed opposition figures be freed

    Around 100 protesters rallied in Tunisia's capital to demand freedom for detained critics of President Kais Saied who has ruled...

    In addition to the crisis triggered by President Saied's power grab, Tunisia has been shaken by a serious financial crunch and is in search of foreign aid.

    European parliamentarians expressed their opposition to any "unconditional agreement" between the EU and Tunisia, citing "the excesses" of Saied.

  • Climate summit needs private sector to succeed: Sultan Al Jaber

    We cannot shut down the energy system of today before we build the new energy system of tomorrow that is...

    The phase down of fossil fuels is both "inevitable" and "essential", he said, mindful of calls by some countries for a decision at COP28 to phase out fossil fuels.

    But "I don't have a magic (wand)" as to when that will happen, he told AFP in Brussels, after outlining his action plan and goals for the year-end summit.

  • Israeli fire wounds Hezbollah members near Lebanon-Israel border: security source

    The Israeli army said in a statement that "a number of suspects approached the northern security fence with Lebanon and...

    The incident comes amid tensions along the Israel-Lebanon border area, a stronghold of the Shiite movement and the site of sporadic skirmishes

    Sources said Hezbollah members had been wounded. One said a sound grenade was fired and that three members were "lightly" hurt

  • Egypt hosts regional meeting in push to resolve Sudan war

    The Egyptian presidency said the meeting in Cairo will be attended by representatives of "Sudan's neighboring countries", but has not...

    Egyptian President and Ethiopian PM Abiy Ahmed "discussed ways to settle the crisis in Sudan", Sisi's spokesman announced late Wednesday

    The talks aim to "stop the bloodshed of the Sudanese people" and the "negative repercussions on neighbouring countries", Cairo said

  • India’s quandary in Gulf: How to maintain foothold as China steps into US breach

    Dubai, UAE - Indian officials are concerned about China's growing influence in the Middle East and how it will impact...

    India until now has allowed it to maintain robust relations wit all three poles of power - Israel, Iran, and Saudi Arabia - while countering China's influence.

    New Delhi's strategy involves building new institutions, such as the I2U2 grouping, with a focus on geoeconomics and high technology. 

  • EU clears biodiversity bill seeking natural habitat protection

    The parliament's biggest political grouping, the conservative European People's Party (EPP), had sought to shoot down the text, arguing that...

    The text endorsing the Nature Restoration Law passed with 336 votes in favor, 300 against and 13 abstentions.

    The Nature Restoration Act, initiated by the European Commission, aims to resuscitate degraded ecosystems.

  • OECD says sizeable progress made on sharing tax revenue on multinationals

    Nearly 140 countries have taken a first step towards reaching agreement on a fairer distribution of tax revenues from multinational...

    Multinationals, especially tech firms, are currently able to easily shift profits to countries with low tax rates.

    In 2021, in talks led by the OECD, an agreement was reached on a minimum tax rate of 15 percent on multinationals.