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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.
  • Time won’t strip Palestinians of right to return

    "While commemorating 75 years since the crisis, we remember with sorrow the crime against humanity the Palestinian people faced in...

    Kuwait's UN Ambassador Tariq Al-Bannai underscores Palestinians' right to return to their homeland during a UNRWA meeting

    Al-Bannai recalls the crisis of 1948, terming it a crime against humanity, leading to displacement of hundreds of thousands of Palestinians.

  • Cabinet lineup unveiled as Erdogan starts third term as Turkish president

    Recep Tayyip Erdogan has begun his third term as Turkish president, vowing to serve "impartially". Despite an economic crisis and...

    Erdogan names Mehmet Simsek as the finance minister and Hakan Fidan as the foreign minister

    The Turkish leader pledges to serve 'impartially' and to uphold the secular principles of the republic

  • Three Israeli, Egyptian dead in cross border firing

    Three Israeli soldiers and a member of Egypt's security forces were killed in a rare exchange of fire near the...

    An army statement identified the assailant as an Egyptian policeman, saying he was killed by Israeli troops after being found "in Israeli territory".

    Hours before the deadly shooting, Israeli soldiers had foiled an attempted drug smuggling operation at the border, seizing contraband goods.

  • EU bicycle exports surged to US$1.1bn in 2022

    BRUSSELS, BELGIUM -  The EU exported US$1.1 billion (€1.1 billion) worth of bicycles in 2022 (both electric and non-electric, a...

    The EU exported 365,000 electric bicycles and imported 1.2 million in 2022 while the imports were worth US$2.6 billion.

    The overall increase in the trade of bicycles can be attributed to an increase in the export and import of electric bicycles.

  • Dane, two Austrian-Iranian citizens released by Tehran arrive home

    One Dane and two Austrian-Iranian citizens released from detention by Tehran arrived in their home countries, after the latest in...

    Belgian Foreign Minister Hadja Lahbib welcomed them at the airport along with Danish and Austrian diplomats.

    The trio's release, as well as that of a Belgian aid worker a week earlier, were part of a prisoner swap.

  • Iran, Saudi Arabia, UAE, Iraq, other regional powers plan naval coalition

    Iranian Navy Commander Rear Admiral Shahram Irani has declared the formation of a new naval coalition. This alliance, encompassing regional...

    The move reflects the region's understanding of the need for synergy and cooperation in establishing security

    Iran, Russia, and China's annual naval exercises pointed to as a model for this regional coalition

  • Erdogan commences third term today amid economic crisis, West tensions

    Turkey's Recep Tayyip Erdogan has been sworn in for a third term as president, promising to serve "impartially" after winning...

    Despite the devastating February earthquake and economic crisis, Erdogan secures 52.18 percent of the vote

    Erdogan's economic policy, including his unconventional approach to interest rates, is under scrutiny

  • Human fraternity, climate change among top priorities for UAE as president of UNSC

    The UAE will host three high-level Council meetings in June, aiming to promote interfaith dialogue, address climate change impacts on...

    The UAE will host three high-level Council meetings in June, aiming to promote interfaith dialogue, address climate change impacts on worldwide conflicts

    The UAE also seeks to host a high-level briefing on cooperation between the UN and the League of Arab States will take place on June 8

  • Saudi Foreign Minister meets with Iranian counterpart on BRICS sidelines

    Cape Town, South Africa -- Saudi Arabia Minister of Foreign Affairs, Prince Faisal bin Farhan bin Abdullah, met Friday with...

    The two ministers reviewed bilateral relations in various fields, in addition to following up the steps to implement the agreement between the two countries signed in Beijing

    Iran, Saudi Arabia and the United Arab Emirates foreign ministers attended the BRICS meeting in South Africa this week, as the bloc seeks to expand its membership

  • US secretary of state Antony Blinken to visit Saudi Arabia

    Blinken's June 6-8 trip comes as both the United States and Saudi Arabia are seeking to broker a durable cease...

    He will participate in a ministerial meeting on Wednesday with the Gulf Cooperation Council, and on Thursday in a meeting in Riyadh of the coalition of countries fighting the ISIS.

    Blinken's trip follows a recent visit to Saudi Arabia by White House National Security Advisor Jake Sullivan and nearly a year after President Joe Biden visited the country.