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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.
  • Kuwait urges Europe to facilitate Schengen visas for its citizens

    Kuwait-- Kuwait has urged European states to facilitate the granting of Schengen visas for Kuwaiti citizens. The call was made...

    The call was made by Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah who received at a luncheon several European ambassadors and heads of diplomatic missions.

    The Schengen area is a group of European countries that have agreed to allow passport-holders from one country to travel freely within the area without border controls.

  • EU offers Tunisia more than $1bn to boost economy, reduce migrant flows

    The EU is ready to offer Tunisia a 900-million-euro package plus 150 million euros in immediate support, European Commission head...

    EU governments, under pressure to reduce migrant arrivals, last week agreed on steps to fast-track migrant returns to their countries of origin or transit countries deemed "safe".

    Tunisia lies less than 150 km from the Italian island of Lampedusa, and has long been a steppingstone for migrants, mostly from sub-Saharan African countries.

  • Iran’s supreme leader urges cooperation with IAEA

    Iran's supreme leader urged continued cooperation with the UN nuclear watchdog, while warning against succumbing to "bullying" based on "unfounded...

    Ayatollah Ali Khamenei said agreements could be reached in certain fields, but "the existing infrastructure of the nuclear industry should not be touched".

    Iran's Atomic Energy Organization "need not succumb to the pressure of unfounded claims and demands based on bullying", Khamenei said.

  • Three Iraqi soldiers killed in country’s north, says military official

    Three Iraqi soldiers were killed and four others wounded in a pre-dawn attack in the country's north blamed on the...

    The attack occurred in an area disputed between Iraq's federal government, which holds Kirkuk, and the country's autonomous northern region of Kurdistan.

    IS groups seized swathes of Iraq and neighboring Syria in 2014, declaring a "caliphate" which they ruled before their defeat in late 2017.

  • Donald Trump terms indictment ‘fake’ in address to supporters

    The 37 counts of the indictment -- released on Friday and focused on his alleged mishandling of classified materials --...

    In Columbus, Georgia, Trump railed against Biden and the Department of Justice and what he called a "fake indictment"

    Trump has already responded to the indictment with a string of posts on his Truth Social platform calling Smith "deranged"

  • Desperate Syrians recycle plastic waste to make living

    Recycling, in rebel-controlled Syria, is rather a grim lifeline than environmental impulse for desperate residents searching for work or items...

    In northern Idlib province, workers at a factory making mats and rugs churn out brightly coloured recycled plastic

    The mats made from recycled plastic cost between $5 and $15, while traditional Persian-style rugs are around $100

  • Egypt tightens visa requirements for Sudanese fleeing war

    Since the eruption of violence some 200,000 Sudanese nationals have entered Egypt, most of them through land crossings. Egyptian authorities...

    Cairo's foreign ministry issued a statement on Saturday announcing the new regulations, justifying the move as a crackdown on "illegal activities" including fraud

    The authorities introduced visa procedures aimed at regulating "the entry of the brotherly Sudanese (people) into Egypt after more than 50 days of crisis" in their country

  • UAE, Turkish presidents discuss bilateral, economic relations in Istanbul

    ISTANBUL, TURKEY - UAE President Sheikh Mohamed bin Zayed Al Nahyan  arrived here on Saturday for a working visit and...

    The UAE and Turkish presidents discussed their shared interest in advancing sustainable economic growth and social development.

    Both the leaders applauded the recent progress witnessed in UAE- Turkey relations and discussed the benefits of CEPA.

  • Iran’s Raisi, France’s Macron discuss ways to promote ties

    Iran's President Ebrahim Raisi and his French counterpart Emmanuel Macron in a lengthy phone call discussed ways to promote ties,...

    A 2015 nuclear accord between Iran and world powers gave the Islamic republic relief from international sanctions in return for curbs on its nuclear program.

    In 2018 the United States withdrew unilaterally from the deal and reimposed sanctions, prompting Tehran to suspend implementing its own commitments.

  • 45 governments endorse doubling energy efficiency by 2030

    PARIS, FRANCE -  Forty-five governments have endorsed doubling the average global rate of energy efficiency improvements by the end of...

    The meeting stressed as to how energy efficiency can help accelerate clean energy transition toward reaching net zero emissions by 2050.

    The meeting underscored that effective policies must be fully leveraged to encourage behavior change among consumers and businesses.