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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.
  • US supports China’s bid to advance Middle East peace

    Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says...

    Blinken spoke of his recent visit to the Middle East where he met with the GCC leaders who, according to him, still see the US as the preferred partner

    On Taiwan, Blinken said the US has real concerns about the direction it has taken and blamed China for what he called as reckless actions

  • Expo 2030: All eyes on Riyadh as it makes a big pitch

    With ongoing mega-projects and economic diversification, Riyadh's strong Expo 2030 candidacy has already garnered support from 90 of 170 member...

    With ongoing mega-projects and economic diversification, Riyadh's strong Expo 2030 candidacy has already garnered support from 90 of 170 member states

    Aiming to surpass Expo 2020 Dubai's visitor count, the Kingdom anticipates more than 40 million on-site and a billion virtual Metaverse visits during the event

  • Historic achievement: UN adopts first treaty to protect high seas

    Following more than 15 years of discussions, UN member states finally agreed on the text for the treaty in March...

    The landmark treaty will establish a legal framework to extend swathes of environmental protections to international waters, which make up more than 60% of the oceans.

    The treaty is seen as crucial to countries protecting 30 percent of the world's oceans and lands by 2030, as agreed by world governments.

  • Europe world’s fastest warming continent, says EU climate report

    The report by the World Meteorological Organization and the European Union's Copernicus Climate Change Service said the continent was some...

    The continent, which has been warming at twice the global average since the 1980s, saw its warmest summer on record last year.

    Severe heat left more than 16,000 people dead last year, the report said, while floods and storms accounted for most of the $2 billion in damages from weather and climate extremes.

  • Israel defiant amid global criticism over West Bank settlement expansion

    UN Middle East envoy Tor Wennesland issued a warning on Monday against changes made by the Israeli government that will...

    Israeli official describes the changes as a reduction of unnecessary administrative procedures

    Defending the changes, Israeli government asserts that Israel is their country, "in its entirety"

  • Israeli forces kill four Palestinians in West Bank raid

    "Two martyrs and 28 injured as a result of the ongoing (Israeli) aggression on Jenin," a statement from the Palestinian...

    Jenin's deputy governor, Kamal Abu al-Rub, told AFP the Israeli forces had launched the raid at around 04:00 am (0100 GMT)

    The Israeli army did not immediately provide any information on the raid in the northern West Bank city when contacted by media

  • UAE, Qatar restore ties, after six-year-long estrangement

    According to Qatar's foreign ministry, Doha will reopen embassy in Abu Dhabi and its consulate in Dubai immediately. The UAE...

    Qatar foreign ministry said that the restoration of ties represents the will of both countries' leadership to strengthen join Arab collaboration

    Nearly six years back, Saudi Arabia, the UAE, Bahrain, and Egypt cut off ties with Qatar over accusations that it supported terrorism, a charge Doha denied

  • Xi says China, US ‘made progress’ in Blinken visit

    Blinken opened the day by meeting China's top diplomat, Wang Yi, whose position in the Communist Party ranks above the...

    Blinken's visit is the highest-level trip by a US official to China in nearly five years with ties severely strained between the world's two largest economies

    Xi, China’s most powerful leader in decades, met Blinken at the capital’s Great Hall of the People just after 4:30 pm (0830 GMT)

  • Paris summit to push for global debt and climate reform

    France says the two-day summit, which begins on Thursday and will bring together some 50 heads of state and government,...

    Emmanuel Macron has said the Summit for a New Global Financial Pact is aimed at building a "new consensus" to meet the interlinked global targets

    Ideas on the table range from taxation on shipping, fossil fuels or financial transactions, to innovations in lending and a structural rethink of IMF and World Bank

  • Iran-Saudi relations ‘are based on mutual respect’

    "Efforts are underway to reopen diplomatic and consular missions between Saudi Arabia and Iran, including the reopening of Iran's embassy...

    Efforts are being made to reopen diplomatic missions, including embassies and consulates, between Saudi Arabia and Iran

    Resumption of normal relations is set to foster joint cooperation and positively impact both countries, says Saudi minister