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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.
  • ADB partners committed US$11.4bn to cofinance Asia-Pacific projects in 2022

    MANILA, PHILIPPINES - Asian Development Bank's financing partners committed US$11.4 billion to confinance projects in 2022 that boosted the resilience...

    The report reveals that ADB and its partners enabled the countries to face current and emerging shocks.

    ABD and its partners financed projects that helped developing members strengthen trade and small businesses.

  • Dangerous provocation: Muslim nations condemn Quran burning

    Under a heavy police presence, Salwan Momika stomped on the Quran before setting several pages alight in front of Stockholm's...

    The incident occurred as Muslims around the world began marking the Eid al-Adha holiday and as the annual hajj pilgrimage to Mecca in Saudi Arabia was drawing to a close.

    Iraq's influential Shiite cleric Moqtada Sadr called for a demonstration outside theh embassy in Baghdad to demand the removal of the ambassador.

  • Key judicial reform clause thrown out, says Israeli PM

    Israeli Prime Minister Benjamin Netanyahu said he had "thrown out" a key provision of his controversial judicial reform plan that...

    The proposed changes to the justice system have also drawn intense criticism from the international community.

    The proposals had sparked one the country's biggest protest movements with thousands taking to the streets since they were announced in January.

  • Turkey to hold NATO talks with Sweden next Thursday

    Turkey dropped its objections to Sweden's nordic neighbour Finland joining earlier in the year and Helsinki became a NATO member...

    NATO counterparts have been pushing Turkey to grant the green light to Sweden by the time a summit is held in Lithuania on July 11-12

    Sweden and Finland last year reversed decades of hesitation and formally applied to join NATO after Russia invaded Ukraine

  • Iran takes Canada to UN court over terror compensation

    The UN's top tribunal said on Wednesday that Iran has taken Canada to the International Court of Justice for allowing...

    Ukraine International Airlines flight PS752 was downed shortly after take-off from Tehran on January 8, 2020, killing all 176 people aboard

    Canada broke diplomatic ties with Iran in 2012 as relations frayed over Tehran's support for Bashar al-Assad's regime in Syria, its nuclear program

  • Rescue ship saves 86 migrants off Libyan coast: charity

    The UN's International Organization for Migration estimates that 1,724 migrants had disappeared trying to cross the Mediterranean to Europe so...

    Spokesman for the charity said that most of the migrants were minors, trying to cross the Mediterranean on their own, without family

    Italian authorities said the passengers can disembark at its port of Bari, which the charity said was still a three-day voyage away

  • Kuwait, France discuss bilateral ties, cooperation on regional, global issues

    Paris, France - Kuwait and France discuss bilateral relationship and cooperation on regional and global issues of shared interests on Tuesday. ...

    Kuwaiti foreign minister Sheikh Salem emphasized the close ties between the two nations, and the high level of cooperation they have achieved across various fields

    The discussions also covered a wide range of topics, including the historical links between the two countries and strategies for strengthening their ties

  • Iranian pilgrims at ease during hajj post Riyadh-Tehran detente

    MECCA, SAUDI ARABIA- If a landmark reconciliation between Saudi Arabia and Iran has eased tensions in the Gulf, clouds have also...

    An Iranian tour operator who has joined the hajj on several occasions said he was feeling "comfort and safety" in Saudi Arabia.

    More than 86,000 Iranians, including 300 aged over 80, are on this year's hajj, according to Iranian media reports.

  • Covid-19 has not gone away, kills 1,000 a week in Europe: WHO

    Copenhagen, Denmark - The World Health Organization's European office on Tuesday warned the risk of Covid-19 has not gone away, saying...

    "Whilst it may not be a global public health emergency, however, Covid-19 has not gone away," WHO Regional Director for Europe Hans Kluge said

    "Unless we develop comprehensive diagnostics and treatment for long Covid, we will never truly recover from the pandemic," Kluge said

  • Hajj attendance falls short of record, as pilgrims crowd Mount Arafat

    The data showed most of the faithful came from abroad. The Kingdom's officials had predicted more than 2.5 million pilgrims,...

    The ritual at Arafat is the high point of Hajj. The pilgrims recited Koranic verses on the hill, where the Prophet Mohammed is believed to have given his final sermon.

    Helicopters hovered low overhead, monitoring crowds at the event which has a tragic history of deadly stampedes and fires.