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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.
  • UN convoy crosses from Syria regime areas to rebel-held Idlib

    The 10-truck convoy reach rebel-held Al-Nayrab in Idlib province from the direction of regime-held Saraqib, headed for storage facilities near...

    A February 6 earthquake devastated parts of Turkey and Syria, including areas of the war-torn country's Idlib region that are controlled by Hayat Tahrir al-Sham.

    The UN largely delivers relief to Syria's northwest via neighboring Turkey through the Bab al-Hawa crossing -- the only way for aid to enter without Damascus's involvement.

  • Oman seizes 6 million captagon pills, arrests members of smuggling network

    MUSCAT, OMAN - Oman announced the seizure of over six million captagon pills during a bust aided by Saudi Arabia that...

    Omani authorities did not specify the intended destination of the drug shipment, but neighboring Saudi Arabia is believed to be the largest market for the drug.

    The vast majority of the region's captagon is produced in Syria and Lebanon and smuggled to its main consumer market in the Gulf.

  • French envoy meets key Lebanese players on ‘consultative’ mission

    Mired in a crippling economic crisis since 2019, Lebanon has been governed by a caretaker cabinet for more than a...

    "This is a consultative mission... to ensure the country moves on from the political impasse," French special envoy Jean-Yves Le Drian told reporters.

    He said he was holding "the necessary talks with all players in order to immediately end the political deadlock".

  • AD Ports Group signs 50-year pact with Karachi Port Trust for container terminal

    ABU DHABI, UAE/ KARACHI, PAKISTAN -  AD Ports Group announced on Thursday the signing of a concession agreement with Karachi...

    Under the terms of the 50-year concession agreement, a Joint Venture has been formed to manage, operate and develop the Karachi Gateway Terminal Limited.

    The JV will undertake significant investments in infrastructure and superstructure over the next 10 years, with the bulk of it planned for 2026.

  • French advanced ship to search for missing submersible

    The Atalante has begun using its multibeam echo sounder to create a map of the nearby seabed to "allow Victor...

    With just hours of oxygen believed to be left for the five people onboard the submersible Titan, the Atalante ship has begun operations at the scene.

    The Titanic wreck sits at a depth of 3,800 meters, making it a particularly difficult area to search -- or reach for a potential rescue mission.

  • Iran foreign minister rounds out Gulf tour with UAE visit

    Hossein Amir-Abdollahian's visit to the UAE followed stops in Qatar, Kuwait and Oman -- the latest in a flurry of...

    Gulf Arab countries are seeking to ease tensions with Iran, fuelled in recent years by the conflicts in Yemen and Syria.

    In a dramatic shift, China brokered an agreement in March between Iran and Saudi Arabia to restore ties after a years-long rupture.

  • Conflicts, climate change add to humanitarian crisis

    More than 110 million people have been forced from their homes, while more than 260 million face daily difficulties getting...

    Worldwide demand for humanitarian aid rises by 30 percent since early 2022

    Over 110 million people displaced and 260 million face daily food insecurity

  • UAE and France to deepen partnership in several sectors

    Dubai, UAE-- The UAE and France have reiterated their commitment to widening cooperation in important fields and sectors. The resolve...

    The two sides reviewed the status of the bilateral investment partnerships signed in December 2021 and praised Etihad Rail's collaboration with French companies

    In the energy sector both noted with satisfaction the continuing engagement under the Comprehensive Strategic Energy Partnership to deepen bilateral cooperation

  • French envoy to hold talks with Lebanese leaders to end divisions

    Amid continuous divisions plaguing the country, France's new envoy for Lebanon, Jean-Yves Le Drian, landed in Beirut to hold talks...

    French President Emmanuel Macron appointed the former foreign minister as special envoy to Lebanon earlier this month

    For months, the international coomunity has exhorted Beirut to elect a new leader capable of enacting reforms

  • Iraq to prosecute officials accused of torture under past governments

    The probe was launched in December by the current government of Prime Minister Mohamed Shia al-Sudani after The Washington Post...

    The alleged perpetrators had a free rein in 2020 to interrogate senior officials suspected of having a hand in Iraq's endemic corruption.

    Among the high-profile arrests by Committee 29 were the former director of the Iraqi pension fund, the former president of the Baghdad Investment Commission.