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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.
  • Tunisia visit: EU chief to discuss economic and migration concerns

    "Discussions will focus on the bilateral relations between the EU and to Tunisia," Commission spokesman Eric Mamer said. "An agreement...

    The European leaders will meet Sunday with Tunisian President Kais Saied, whose country is going through a dire financial crisis.

    Tunisia's coastline is less than 90 miles from the Italian island of Lampedusa, and has long been a stepping stone for migrants.

  • Swiss group to enquire about Lebanon’s central bank chief in Beirut

    The delegation will meet a local judge and might seek to question individuals over the wealth of Salameh and his...

    Lebanon "was informed by the Swiss authorities that a Swiss judicial delegation will visit Lebanon soon" over Riad Salameh's case.

    Salameh, who denies all accusations against him, continues to serve as central bank governor as his mandate ends in July.

  • Saudi Arabia’s relations with US, China ‘not zero-sum game’

    Foreign Minister Prince Faisal bin Farhan, in a joint press conference with Blinken, played down talk that the oil-rich kingdom...

    China's growing role in the Middle East was demonstrated when it brokered a surprise rapprochement between Saudi Arabia and Iran in March.

    Prince Faisal also defended the controversial decision to lift Syria's Arab League suspension, which came shortly after the start of the country's civil war 12 years ago.

  • GCC, US vow to work jointly for regional stability

    The strategic partnerships between the two sides seek to focus on peace, security, stability, integration, and economic prosperity in the...

    The strategic partnerships between the two sides aim at focusing mainly on peace, security, stability, integration, and economic prosperity in the Middle East.

    Beside supporting Yemeni peace efforts and humanitarian needs, the US and GCC also make a commitment to freedom of navigation and maritime security in the Gulf region.

  • Eurozone in recession after two successive quarters of shrinking GDP

    The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second...

    The worse-than-expected figures come as inflation and higher interest rates have curbed demand in Europe's largest economy.

    Two consecutive quarters of shrinking gross domestic product is the threshold for a technical recession.

  • US remains invested in Gulf partnerships, Blinken tells diplomats

    Blinken spoke during a Gulf Cooperation Council ministerial meeting in the capital Riyadh following talks with Saudi Foreign Minister Prince...

    The meetings came a day after Blinken flew into Jeddah, kickstarting a visit aimed at boosting ties with Saudi Arabia, which has begun forging closer ties with Washington's rivals.

    "The GCC is the core of our vision for a Middle East that is more stable, more secure, more prosperous," Blinken said at the opening of the US-GCC ministerial meeting.

  • Ruling Fatah party faces decline in West Bank, says official

    His comments were a rare acknowledgement by a senior Abbas ally of waning fortunes for the party which has dominated...

    "I can tell you there is something of a decline in Fatah's presence among the masses," Mahmud Aloul, official of President Mahmud Abbas' Fatah party said.

    At 72, Aloul is one of the most senior figures in the Palestinian movement and is often mentioned as a possible successor to 87-year-old Abbas.

  • AI meets VR to keep Holocaust memory alive

    Through AI, users of a VR headset can have a "conversation" with Holocaust survivor Inge Auerbacher, asking about her encounters...

    The project is a collaboration between Los Angeles-based company StoryFile, the World Jewish Congress and Facebook-owner Meta,

    StoryFile co-founder Stephen Smith, who has worked in Holocaust education, said the technology allows users to "talk to history through the people who went through it".

  • Iran’s emerging pivot to Russia and China is for strategic leverage: study

    Dubai, UAE - Iran’s pivot to Russia and China has been driven by various factors, most notably the United States'...

    The decision by the Trump administration to abandon the nuclear deal deeply disillusioned the Iranian leadership

    Iran's incremental moves toward China and Russia is said to indicate an unwillingness to redefine its national security doctrine

  • Blinken meets Saudi Crown Prince in fresh bid to mend ties

    Riyadh, Saudi Arabia - US Secretary of State Antony Blinken met with Saudi Crown Prince Mohammed bin Salman in Jeddah,...

    The Secretary expressed appreciation for Saudi Arabia in hosting the D-ISIS Ministerial and stressed our joint efforts to fight terrorism, US State Department said

    Crown Prince and Blinken reviewed the bilateral relations and aspects of cooperation in various fields and ways to enhance them, Saudi Press Agency said