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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.
  • UAE convenes Security Council meet, urges UN, League of Arab States to cooperate

    NEW YORK,  US - Minister of State Khalifa Shaheen Al Marar chaired the first signature event of the UAE’s United...

    UAE called on UN and League of Arab States to work jointly on combating terrorism, preventing conflicts by championing the values of tolerance.

    The UAE would support the work of the Security Council in reaching decisions that contribute to resolving Arab and international issues.

  • Sudan warring parties agree to 24-hour ceasefire: mediators

    Although many ceasefires have been broken, yet the twenty-four truce is seen as a chance to give the people of...

    According to the UN, some two million people have been displaced from their homes, including 476,000 who have sought shelter in neighboring countries

    The latest ceasefire follows US Secretary of State Antony Blinken's three-day visit to Saudi Arabia, where he held discussions on Sudan with Saudi officials

  • Russia plans to make Iranian drones by next year, says US government

    Russia is receiving materials from Iran to build a drone factory that "could be fully operational early next year," White...

    "The Russia-Iran military partnership appears to be deepening," Kirby said in a statement, citing US intelligence information.

    Washington estimates that Russia has received hundreds of attack drones as well as related equipment from Iran to aid Moscow's invasion of Ukraine.

  • Sudan authorities declare UN envoy ‘persona non grata’

    KHARTOUM, SUDAN -  Sudanese authorities loyal to the regular army have declared UN envoy Volker Perthes "persona non grata", accusing him...

    In a letter to the United Nations, Sudan's army chief accused the UN envoy of bias, not respecting "national sovereignty".

    The UN says nearly two million people have been displaced, including 476,000 who have sought refuge in neighboring countries.

  • Palestinian president Mahmud Abbas to visit China next week

    "At the invitation of President Xi Jinping, president of the state of Palestine Mahmud Abbas will pay a state visit...

    Xi Jinping last December visited Saudi Arabia, where he met with Abbas and pledge to "work for an early, just and durable solution to the Palestinian issue".

    In April, Chinese Foreign Minister Qin Gang told his Israeli and Palestinian counterparts that his country was willing to aid peace negotiations.

  • The phase down of fossil fuels is inevitable: Emirati COP28 chief

    Al-Jaber, who runs the Abu Dhabi National Oil Company (Adnoc), defended a COP28 roadmap that includes a "global goal to...

    "The phase down of fossil fuels is inevitable," Sultan al-Jaber said on the sidelines of technical climate talks six months ahead of the summit

    On Wednesday, al-Jaber signed a statement with EU Commission chief calling for  “a transition towards energy systems free of unabated fossil fuels"

  • Days after being re-elected, Turkey’s Erdogan appoints new central bank governor

    Hafize Gaye Erkan -- whose appointment was published in the official gazette on Friday -- has taken over the post...

    Erkan, a former co-CEO First Republic Bank and managing director at Goldman Sachs, will be the first woman to head the central bank

    Turkish president unveiled a new cabinet on Saturday appointing Mehmet Simsek, a former Merrill Lynch economist, as finance minister

  • Syrians lose life-saving care as Turkey halts medical visits

    Seriously ill Syrians in the country's last rebel bastion of Idlib used to be able to access life-saving care across...

    Doctors in Idlib refer most heart and cancer patients to Turkey, where they can receive free treatment under an agreement between local authorities and Ankara

    But after the quake ravaged health facilities on Turkish side of the border, Ankara halted medical visits through the Bab al-Hawa crossing, the sole access point for Idlib

  • Iran envoy to Saudi Arabia: Israel out to disrupt Tehran-Riyadh detente

    Riyadh, Saudi Arabia - Israel is not happy with the restoration of diplomatic relations between Tehran and Riyadh and is...

    Alireza Enayati said that “when cooperation between all regional countries is reinforced, no element can disrupt it”

    Enayati praised the role of China in facilitating the resumption of Tehran-Riyadh ties following high-stakes talks between the two sides in Beijing

  • Tajikistan, Qatar seek to bolster bilateral relations

    "Undoubtedly, since both countries have opportunities to establish mutually beneficial cooperation by using Qatar's investments to process Tajik raw materials...

    Tajikistan official Kodirzoda Sadi Sanginmurod highlights major prospects for enhancing trade and economic collaboration with Qatar, following the Emir's recent visit

    Tajikistan seeks Qatari investment to transform raw materials into high-value exports, targeting rapid industrialization, with potential collaboration in various sectors