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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.
  • Syria cancels BBC’s accreditation over ‘misleading reports’

    In a rare move against an international media organization, the Syrian government has cancelled the BBC's accreditation over what it...

    The information ministry said that accreditation of the BBC Radio correspondent in Syria was also revoked

    In a terse statement BBC responded that its Arabic news provides impartial independent journalism

  • Libyan rival leaders to work together for oil income

    TRIPOLI, LIBYA- Rivals in politically divided Libya have agreed to form a committee on sharing oil revenues, a move welcomed on...

    The UN Support Mission in Libya said the financial oversight committee's "inclusive approach" will help enable "a level-playing field for candidates in the polls.

    Ballots in Libya had been due in December 2021 but disputes including who should stand in the polls meant they were never organized.

  • EU official denounces Israel for attacking West Bank refugee camp

    A European envoy blasted Israel over the "proportionality" of the force it uses, as international envoys toured Jenin refugee camp...

    European Union representative to the Palestinian territories Sven Kuehn von Burgsdorff led a delegation of UN officials and diplomats from 25 countries to the West Bank.

    "If there is no political solution to the conflict, we are going to stand here in a week's time, in a month's time... with nothing changed," Kuehn von Burgsdorff said.

  • Four attackers, Iran policeman killed in clash

    TEHRAN, IRAN -  Four assailants were killed on Saturday after blasting their way into an Iranian police compound, leaving one officer...

    "Four unidentified armed individuals attacked and entered police station Number 16 of Zahedan", the capital of Sistan-Baluchistan province.

    The attackers used grenades to blast open the gates of the police station and an exchange of fire occurred.

  • Libya court imposes prison terms on three for human trafficking

    One of the three, whose identities and nationalities were not given, was sentenced to life in prison and the other...

    Libya is constantly slammed for its handling of migrants with rights groups alleging mistreatment by smuggling groups

    With Italian shores just 290 kilometers away, Libya is a key launchpad for migrants who are often escaping conflict and poverty

  • Three Palestinians killed in violence at West Bank

    NABLUS, PALESTINIAN TERRITORIES -  Three Palestinians were killed on Friday in the occupied West Bank, a day after the United Nations...

    Israeli forces killed two Palestinian fighters when a firefight erupted during a raid on the northern West Bank city of Nablus, officials from both sides said.

    The army said it had entered Nablus to arrest two individuals wanted over a shooting earlier this month targeting Israeli police.

  • HRW urges Tunisia to stop expelling African migrants to desert

    Hundreds of migrants from sub-Saharan Africa have been left stranded in dire conditions in the south of Tunisia since being...

    Sfax, the North African country's second-largest city, is a departure point for many hoping to reach Europe by sea.

    Tunisian security forces have collectively expelled several hundred Black African migrants and asylum seekers, HRW said.

  • Iraq, GECF discuss role of oil, gas in country’s development

    BAGHDAD, IRAQ -  Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel on Friday stressed the importance of...

    The two discussed the oil and gas sector and stressed on the importance of supporting gas and renewable energy investment projects.

    The two leaders discussed on the development of the oil and gas sector in Iraq and its role in the country's economy.

  • Kuwait has third largest millionaire population in world

    Dubai, UAE -- Kuwait ranked third and Qatar 22nd on the list -- prepared by the World of Statistics --...

    About 15 percent of Kuwaitis were millionaires, after Hong Kong's 15.3 percent and Switzerland, which had the highest number of millionaires (15.5 percent) in the world.

    According to the World Wealth Report 2022, the average net worth of a millionaire in Kuwait is $2.9 million.

  • Iran summons UK envoy to protest new sanctions: state media

    The new British sanctions regime will expand existing penalties imposed by creating new criteria under which individuals and entities can...

    Foreign Secretary James Cleverly said sanctions against Iran over alleged human rights violations and hostile actions against its opponents on UK soil will expand

    Iran's foreign ministry considered the statements and positions of the British authorities as well as the recent sanctions... as an illegal and interventionist action