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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, Saudi Arabia urge truce talks between warring Sudan groups

    The last truce was agreed to allow desperately needed humanitarian aid and safe passages into areas of Sudan ravaged by...

    A five-day extension of a US- and Saudi-brokered but oft-ignored truce formally expired Saturday evening.

    The Saudi and US mediators nonetheless called for "the parties to agree to and effectively implement a new ceasefire.

  • How chocolate could counter climate change

    Biochar, a substance produced by heating the cocoa husks in oxygen-free environment, could be used to capture 2.6 billion of...

    While the biochar industry is still in its infancy, the technology offers a novel way to remove carbon from the Earth's atmosphere, experts say.

    Across Europe, biochar projects have begun to multiply. The biochar industry federation says production is set to almost double to 90,000 tons this year compared with 2022.

  • Syrian leaders want UN to re-begin talks with President Assad

    Syria's opposition urged the resumption of moribund United Nations-sponsored talks with the regime of President Bashar al-Assad, who has returned...

    The statement called for a solution in line with UN Security Council resolution 2254, which set out a roadmap for a political transition.

    Last month, regional leaders welcomed Assad back to the Arab League at a summit in Saudi Arabia - his first appearance at the pan-Arab body.

  • Sharjah Chamber concludes successful 5-day trade mission to India

    SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has successfully concluded its trade mission to India after...

    The trade mission visited New Delhi and Mumbai to discuss potential investment opportunities.

    The business gatherings has served as an effective platform to discuss potential investment advantages.

  • Workshops on suspicious transactions in gold, precious stone sector in UAE

    ABU DHABI, UAE -  UAE Ministry of Economy organized two workshops, in Arabic and English, to promote the awareness of...

    The workshops made the traders and business owners aware of the necessity of reporting suspicious transactions to the Financial Intelligence Unit.

    This will contribute to enhance the competitiveness of the gold sector and its development in line with international best practices.

  • Saudi Arabia rises three ranks in education impact on UN SDGs

    Riyadh, Saudi Arabia -- Saudi Arabia has advanced three ranks in the Times Higher Education Impact Rankings in 2023, with...

    The number of Saudi universities was 22 in 2022 within the international ranking, which sorts universities that impact achieving the United Nations Sustainable Development Goals.

    The 17 goals adopted by all United Nations member states in 2015 aim to end poverty, protect the planet, and ensure prosperity for all by 2030.

  • Kuwait to hold seventh election in 10 years amid political paralysis

    The oil-rich country suffers from constant stand-offs between elected lawmakers and cabinets installed by the reigning Al-Sabah family. The opposition...

    Fearing that widespread scepticism will discourage many people from voting, the authorities have festooned the capital with posters in an attempt to encourage a better turnout

    The latest general election was called by the emir last month after he again dissolved parliament amid a persistent deadlock with the executive branch that has stalled reforms

  • Syrian foreign minister discusses aid on visit to key ally Iraq

    The visit by Faisal Mekdad comes weeks after the Arab League agreed to end Syria's suspension from the 22-member bloc,...

    Baghdad was "one of the initiators" of Syria's return to the Arab League, Iraqi Foreign Minister Fuad Hussein said in a joint press conference with Faisal Mekdad.

    Mekdad and Iraqi PM also discussed the issue of Syrian refugees who fled the country after war erupted, many of whom now live in Iraq as well as Jordan, Lebanon and Turkey.

  • Suez Canal traffic resumes after broken down tanker tugged away

    Traffic in both directions returned to normal after a brief disruption when the Malta-flagged Seavigour experienced a "machinery malfunction" while...

    Brief disruptions caused by ships breaking down or running aground are common in the waterway, through which about 10 percent of global maritime trade passes.

    The canal is a major source of much-needed foreign currency for cash-strapped Egypt, earning it $8 billion in transit fees in 2022.

  • Volunteers bury 180 unidentified bodies as Sudan war rages

    Volunteers have buried 102 unidentified bodies in the capital's cemetery and 78 more in Darfur, ever since the fighting between...

    According to the Armed Conflict Location and Event Data Project, more than 1,800 people have been killed in the fighting

    The UN says 1.2 million people have been displaced within Sudan and more than 425,000 have fled abroad