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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.
  • French president announces measures to quell riots

    French President Emmanuel Macron announced measures including more police and urged parents to keep minors off the streets as he...

    French President Macron attempted to strike a balance between political pressure for a harsh response and fears of triggering a still stronger backlash.

    "Additional means" would be mobilized by government to tackle the rioting, Macron said, without specifying how many more officers might be involved.

  • Iran to join Shanghai alliance with China, Russia next week: Lavrov

    Moscow, Russia -- Iran will be formally approved as a member of the regional Shanghai Cooperation Organization with China, Russia and...

    Iran has intensified its diplomacy with friends and foes alike in recent months, seeking to reduce its isolation, improve its economy and project strength.

    The SCO, which has its headquarters in China, is a diplomatic organization with eight members, including India and Pakistan.

  • Arab world expresses outrage over Quran desecration in Sweden

    Described as a "flagrant provocation to all Muslims," the incident has drawn outrage from the Council of Arab Interior Ministers,...

    The organizations emphasize the importance of respect for human rights and all religious beliefs.

    The UAE's Ministry of Foreign Affairs summons Swedish envoy to lodge protest and condemnation.

  • Canada, others to seek damages from Iran at UN court over downed jet

    On Wednesday, Iran took Canada to the Hague-based International Court of Justice, the UN's top tribunal, accusing Ottawa of allowing...

    Iranian forces shot down Ukraine International Airlines flight PS752 shortly after takeoff from Tehran on January 8, 2020, killing all 176 people on board

    Canada, Britain, Sweden and Ukraine - which had a number of citizens on board - have been seeking reparations on behalf of victims' families

  • UN General Assembly creates body to probe fate of Syria’s missing

    The Independent Institution on Missing Persons in the Syrian Arab Republic will "clarify the fate and whereabouts of all missing...

    Resolution calls for the UN chief, and other relevant parties to define the new organization's mandate in the next 80 days

    Thursday's vote came after UN secretary-general Antonio Gutterres called for the formation of such a body in a report in August

  • US to sell $440m in ammunition, parts to Taiwan

    Taiwan's defense ministry on Friday welcomed the planned sale for "providing the need for enhancing our defense capacity as well...
  • Lack of Lebanon reforms threatens stability, says IMF

    The International Monetary Fund warned in a report that Lebanon's failure to implement reforms could have "irreversible" consequences for the...

    In April 2022, Lebanon and the IMF reached a conditional agreement on a $3-billion-dollar loan needed to save the economy.

    Lebanese officials have still yet to enact the substantial changes required to kickstart the 46-month financing program.

  • UAE Head of Cyber Security leads delegation to conference in Israel

    ABU DHABI, UAE  - Dr. Mohamed Al Kuwaiti, Head of Cyber Security for the Government, led a high-level UAE delegation...

    The UAE delegation met with the stakeholders in the Israeli cyber ecosystem including investors and top experts.

    The visit provided valuable insights into the latest global trends in cybersecurity and allowed the participants to explore potential collaborations.

  • Turkmenistan unveils $5 bn city in honor of national leader

    Arkadag, Turkmenistan -- Turkmenistan on Thursday inaugurated Arkadag, a $ 5-billion "smart" city built in honor of former strongman leader Gurbanguly...

    The new city is named after Gurbanguly Berdymukhamedov, who ruled over the country between 2006 and 2022 and now carries the title Hero Arkadag (Protector).

    The former president, who turned 66 on Thursday, remains the real decision-maker in the country, observers say.

  • EU presses Tunisia in bid to stem Med migrant flow

    In early June, European Union countries reached agreement on a long-stalled revision of the bloc's asylum rules. It aims to...

    The discussion will come two weeks after a boat believed to have been carrying hundreds of migrants capsized off Greece in one of the worst such tragedies in years

    Amnesty International and other rights groups say the tragedy resulted from Brussels' "Fortress Europe" policy implemented over the past seven years