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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.
  • Danish, two Austrian-Iranian citizens freed by Iran

    Iran released one Danish and two Austrian-Iranian citizens it had been holding after mediation by Oman, and they are being...

    Thanking Belgium, Austrian Foreign Minister Alexander Schallenberg said, "Our years of diplomatic efforts to secure their release have borne fruit."

    The Danish man, who was not immediately identified, had been arrested in Iran in November 2022 on the sidelines of a demonstration for women's rights.

  • UN evokes ‘specter of food inflation’ as Ukraine grain exports slow down

    "In May, 33 vessels departed Ukrainian ports, half of the number compared to April. Only three of those departed from...

    UN says Russia "has informed of its decision to limit registrations to the port of Yuzhny/Pivdennyi as long as ammonia is not exported"

    Moscow is calling in particular for a resumption of operations on the Togliatti-Odessa pipeline for deliveries of ammonia

  • Morocco to teach Berber language in more schools

    Morocco has the largest population of Berbers in North Africa, and Thursday's decision responds to a long-standing demand by activists...

    The decision will affect some four million children in 12,000 schools between now and the end of the decade, Chakib Benmoussa told reporters

    Last month, King Mohamed VI declared that the Berber new year's day on January 13 would be an official public holiday from next year

  • Will tax the rich to avoid IMF ‘diktats,’ says Tunisia’s Saied

    Despite reaching an agreement in principle last October on a bailout package worth nearly $2 billion, talks with the IMF...

    "Instead of lifting subsidies in the name of rationalisation, it would be possible to introduce additional taxes on those who benefit from them without needing them," Saied said

    Tunisian president did not say how such a plan might operate as employees' taxes are deducted at source and many Tunisians in the private sector do not declare their full income

  • UAE and Switzerland to enhance cooperation between judiciaries

    Abu Dhabi, UAE - The UAE and Switzerland have discussed opportunities for cooperation between the Abu Dhabi Public Prosecution Office...

    The two sides highlighted the significance of direct communication between the judicial authorities to simplify procedures.

    They also shed light on the importance of concluding judicial agreements and exchanging relevant experiences.

  • US imposes economic, visa sanctions over violence in Sudan

    Washington, United States -- The White House on Thursday announced economic and visa sanctions against Sudanese leaders responsible for breaking...

    "We are following through by levying economic sanctions, imposing visa restrictions against actors who are perpetuating the violence," National Security Advisor Jake Sullivan said.

    Sullivan noted that the sanctions are being enacted under the authority ordered by President Joe Biden in May.

  • Court in Lebanon accuses Hezbollah men of killing UN peacekeeper

    A military judge has accused five members of the Iran-backed Hezbollah group, only one of whom is in custody, of...

    Footage from surveillance cameras near the scene of the incident "clearly shows the patrol being attacked by armed men from all sides", the court document read.

    Hezbollah has repeatedly denied involvement in the incident, and its security chief Wafic Safa has described the killing as "unintentional".

  • Turkish support in Germany for Erdogan fuels integration debate

    Strong backing for President Recep Tayyip Erdogan among Turks in Germany in last weekend's historic election has sparked renewed soul-searching...

    Erdogan's success in Germany was helped in large part by well-organised, and well-funded overseas organisations, said Gokay Sofuoglu, chairman of the Turkish Community in Germany

    While many Turks in Germany have high levels of education, good jobs and decent incomes, critics say some still feel disillusioned by low levels of participation in politics

  • NATO chief to visit Ankara in ‘near future’ to push Sweden membership 

    Turkey and Hungary are the only NATO countries that have yet to ratify Sweden's membership bid. Erdogan, who was re-elected...

    Stoltenberg said he had already spoken to Erdogan by phone earlier this week to "highlight the importance of making progress" on Sweden's membership

    Swedish Foreign Minister said Stockholm had fulfilled "all the commitments" to join NATO and urged Turkey and Hungary to allow his country into the alliance

  • UAE withdraws from US-led coalition that secures Gulf waterways

    "As a result of our ongoing evaluation of effective security cooperation with all partners, two months ago, the UAE withdrew...

    It is active in crucial but troubled Gulf waters where tankers have been seized and attacked in recent months.

    A spokesperson for the Combined Maritime Forces said the UAE remains a partner nation, despite putting its participation on hold.