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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.
  • Sudan army suspends participation in US, Saudi brokered truce talks

    The mediators of the talks in the Saudi Red Sea city of Jeddah have acknowledged repeated violations of the truce by...

    The Sudanese army said the paramilitary Rapid Support Forces (RSF) had also "repeatedly violated the truce", a Sudanese government official said

    Sudan specialist Aly Verjee said the mediators were eager to avoid a complete breakdown of the talks, for fear of a major escalation on the ground

  • Salvage of oil tanker stranded off Yemen can begin: UN

    In an unprecedented salvage plan, the UN has purchased a super-tanker to remove the oil from the vessel in the...

    The salvage operation, which will cost an estimated more than $140 million, has been assigned to a company called SMIT Salvage

    SMIT Salvage will pump the oil from the 47-year-old Safer to the now UN-owned ship called Nautica, and then tow away the empty tanker

  • UAE is a reliable trade partner: Iranian foreign minister

    Tehran, Iran-- Terming the UAE as a reliable trade partner, Iran's Foreign Minister Hossein Amir Abdollahian said bilateral between the...

    The Iranian foreign minister made the remarks during a meeting with Khalifa Shaheen Al Marar, Minister of State of the UAE

    Abdollahian said that ties between the two countries are strengthening at both the government and private sector levels

  • Iraq’s Christians turn to TV to save dying language

    Syriac-speaking communities in Iraq and Syria have declined over the years, owing to decades of conflict driving many to seek...

    Syriac has traditionally been the language spoken by Christians in Iraq and neighbouring Syria, mostly in homes but also in some schools and during church services

    Syriac is also taught at around 265 schools across Iraq, according to Imad Salem Jajjo, responsible for Syriac education within the education ministry

  • Royal fever sweeps Jordan ahead of crown prince Hussein’s wedding

    On the big day for the Hashemite kingdom, a key Western ally, the royal red motorcade, reserved for special occasions,...

    The eldest son of King Abdullah II will marry Saudi fiancee Rajwa Al Saif at the grand royal wedding with regional monarchs, US First Lady Jill Biden is also among the guests

    Photos of Saif's henna bridal party took the internet by storm last week as she donned a white gown with an Arabic poetry verse embroidered: "When I see you, life becomes sweet"

  • Extension of Kurdish parliament unconstitutional, says Iraq supreme court

    Iraq's supreme court ruled as unconstitutional the extended mandate of autonomous Kurdistan's parliament, rendering invalid votes taken by the chamber...

    The president of the top federal court in Baghdad, found unconstitutional the year-long extension of the chamber's mandate.

    As a result, decisions taken by the Kurdistan parliament since October 2022 "are constitutionally invalid", the judge said.

  • Moscow issues 1.5m passports in occupied Ukraine territories

    Russia has for years been issuing passports to people living in the eastern Donbas areas held by pro-Moscow separatists since...

    People from the occupied regions told AFP this month that they had been pressured into taking up a Russian passport.

    The EU has said it will not recognize Russian passports issued by Moscow in the "illegally-occupied" regions of Ukraine.

  • Putin slams Ukraine as Moscow hit by multiple drone attacks

    As drones struck in and around Moscow, Russian drones targeted Kyiv for a third straight day while Ukraine gears up...

    The Russian defense ministry said that eight drones were used in the attack, adding that five of them were downed and three disabled.

    Putin said Moscow's air defense had worked in a satisfactory manner, noting that the attacks were Kyiv's "response" to a Russian strike on Ukraine's army intelligence headquarters.

  • Meeting discusses growth of new economic sectors in UAE

    ABU DHABI, UAE  -  The Economic Integration Committee held its second meeting this year and discussed a range of key...

    The Committee also discussed strengthening of the Anti-Money Laundering/ Combating the Financing of Terrorism ( AML/CFT) efforts.

    The meeting discussed cooperation between the federal and local authorities concerned with the implementation of various economy-related laws.

  • Global action needed to reduce ‘extinction risk’ from AI, say experts

    A one-line statement signed by dozens of specialists, including Sam Altman whose firm OpenAI created the ChatGPT bot, said tackling...

    ChatGPT has demonstrated an ability to generate essays, poems and conversations from the briefest of prompts -- and sparking billions of dollars in investments.

    Critics and insiders have raised the alarm over everything from biased algorithms to the possibility of massive job losses as AI-powered automation seeps into daily life.