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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.
  • Lebanon lawmakers fail to elect president at 12th attempt

    The vote for the presidency, reserved for a Maronite Christian under Lebanon's delicate sectarian power-sharing system, pitted the Hezbollah-backed Sleiman...

    Lebanon is facing a double power vacuum, with the country governed by a caretaker cabinet with limited powers for more than a year.

    France and the US have renewed calls for Lebanese lawmakers to cooperate and elect a new president.

  • Saudi Crown Prince set to meet Macron in France

    Mohammed bin Salman has left for a state visit to France where he will meet President Emmanuel Macron, a statement...

    Saudi Crown Prince will take part in the Summit for a New Global Financial Pact in Paris next week, the Royal Court statement said

    In December 2021, Macron became one of the first Western leaders to meet Mohammed bin Salman in Saudi Arabia since 2018

  • EU lawmakers to back world’s first rules on AI systems like ChatGPT

    The EU's plans date back to 2021, the draft rules took on greater urgency when ChatGPT exploded onto the scene...

    Once adopted by the EU parliament, officials say negotiations for a final law with the bloc's 27 member states will begin almost immediately, starting later Wednesday

    The EU law will regulate AI according to the level of risk: the higher the risk to individuals' rights or health, for example, the greater the systems' obligations

  • Saudi Arabia announces international conference on Sudan aid

    Saudi Arabia announced that it would jointly lead a conference on the humanitarian response to the war in Sudan next...

    Saudi Arabia and the United States have been mediating in the eight-week conflict.

    The kingdom played a leading role in evacuating thousands of foreigners from Sudan early in the war.

  • Iranian nuke expert, EU officials review Tehran’s atomic program

    A landmark deal in 2015, formally known as the Joint Comprehensive Plan of Action (JCPOA), gave Iran sanctions relief in...

    Germany's foreign ministry said the meeting took place on Monday and that discussions broached topics concerning Iran's nuclear program.

    Iran's nuclear program has long been the subject of scrutiny from Western powers, resulting in sanctions that have hit the country's economy.

  • Palestinian dies as fresh violence hits West Bank

    Israeli forces killed a Palestinian in a West Bank raid while four Israelis were injured in a separate shooting incident,...

    Israel's Magen David Adom emergency service said it had treated five Israelis wounded by gunfire close to the northern West Bank city of Jenin.

    Since the start of the year, at least 158 Palestinians, 21 Israelis, a Ukrainian and an Italian have been killed in Israel-Palestine violence.

  • Which country leads Arab world in business ease?

    Arab nations have implemented several reforms to improve the ease of doing business. TRENDS take a look to determine the...

    Arab nations have implemented several reforms to improve the ease of doing business. TRENDS takes an in-depth look to determine the most business-friendly country in the region

    Business reforms have led to a significant increase in foreign direct investments, contributing to the growth of both the public and private sectors in the Arab countries

  • UN calls on Libya to treat migrants, asylum seekers with dignity

    War-torn Libya is regularly criticised for its handling of migrants, with rights groups alleging horrific treatment by smuggling gangs and...

    Libyan authorities have arrested thousands of men, women and children from the streets and their homes or following raids on alleged traffickers' camps

    Libyan authorities must grant United Nations agencies and aid organizations "unimpeded access to detainees in need of urgent protection", UNSMIL added

  • UN working to renew Ukraine grain export deal

    That crucial accord granting safe passage for Ukrainian grain to be exported via Black Sea ports despite Moscow's invasion was...

    Grain deal helped alleviate food shortages triggered by the Russian invasion of Ukraine, a major grain exporter, and its blockade of Ukrainian ports

    The resumption of Russia's ammonia exports through the pipeline is one of Moscow's conditions to continue with the grain export deal

  • 10th Arab-China Business Conference ends with Riyadh Declaration

    Riyadh, Saudi Arabia -- The 10th edition of the Arab-China Business Conference successfully concluded on Monday with the announcement of...

    The first day of the conference featured the signing of US$10 billion worth of investment agreements, spanning more than 30 deals across an array of sectors

    The conference featured 9 panels, 18 workshops, and several private meetings and hosted 150 speakers to explore, discuss Arab-Chinese economic cooperation