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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.
  • World leaders congratulate Turkey’s victorious Erdogan

    US President Biden said he hoped to work with Erdogan on "shared global challenges". Russia's President Putin, who has collaborated...

    Ursula von der Leyen, President of the Commission of the European Union, which Erdogan aspires for Turkey to join, said the bloc wanted to strengthen ties with the country

    Ukrainian President Volodymyr Zelensky welcomed the win for Erdogan, who since Russia's invasion of Ukraine has positioned himself as a mediator in the conflict

  • Israel targets Damascus with missiles: Syrian state media

    Since the start of the war in Syria in 2011, Israel has carried out hundreds of air strikes against regime...

    Israel targeted certain positions in the vicinity of Damascus, but anti-aircraft defences brought down several missiles, Syrian ministry said

    The strikes were the first on Damascus since late March, the last Israeli air raids on Syria on May 2 left seven dead

  • Erdogan stays undefeated, extends two-decade rule in Turkey runoff

    Recep Tayyip Erdogan appealed for national unity Monday after winning a historic runoff election that extended two decades of his...

    Near-complete results show Erdogan beating challenger Kemal Kilicdaroglu by four percentage points

    "We will be ruling the country for the coming five years," Recep Tayyip Erdogan tells his supporters

  • Sharjah group to discuss trade boost with India in five-day trip

    SHARJAH, UAE- The Sharjah Chamber of Commerce and Industry (SCCI) will embark on a trade mission to India on Monday...

    The delegation will visit Mumbai and New Delhi, setting up business forums and arranging meetings with Indian business communities.

    The delegation will highlight the benefits and opportunities of investing in Sharjah, detailing the incentives and facilities available.

  • Energy minister leads UAE delegation to development road conference in Iraq

    ABU DHABI, UAE - Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei headed the UAE delegation to the...

    The one-day conference brought together transport ministers and officials from the Gulf Cooperation Council, Iran, Turkey, Syria and Jordan.

    The huge infrastructure project will link southern Iraq to the border with Turkey from where it will connect to rail and road networks in Europe.

  • Sultan Haitham bin Tarik of Iran-West mediator Oman visits Tehran

    His trip comes just two days after Tehran freed Belgian aid worker Olivier Vandecasteele from almost 15 months in custody...

    The Omani leader's visit comes a year after Raisi visited Muscat, and follows a China-brokered rapprochement deal between Saudi Arabia and Iran announced in March.

    Oman has close ties with Iran, and played a mediating role between Tehran and the United States in the build-up to a nuclear deal Iran and world powers reached in 2015.

  • Iraq budget vote delayed as Kurds oppose amendments on oil

    In a country where political agreements are concluded after endless negotiations between political parties, the objection of the Kurds is...

    Iraqi Kurdistan's Prime Minister Masrour Barzani said Saturday the budget amendments amounted to "treason" and an affront to Iraqi Kurdish rights

    Iraq's oil dependent economy has traditionally been plagued by budget delays, which the government's three-year proposal aimed to avoid

  • Israelis rally in protest at judicial reform after budget approved

    Protesters gathered in other major cities, Haifa and Beersheba, as well as at dozens of junctions and locales throughout the...

    Israeli media put the number of participants in the Tel Aviv demonstration at "tens of thousands," as has occurred on previous occasions

    The government's reform proposals would curtail the authority of the Supreme Court and give politicians greater powers over the selection of judges

  • UN chief ‘shocked’ at Sudan army chief’s demand to dismiss envoy

    The UN chief was "shocked" by Burhan's letter, which requested "the nomination of a replacement" to Perthes and accused him...

    In the letter, Sudan army chief Abdel Fattah al-Burhan accused Perthes of bias and of not respecting "national sovereignty"

    The US State Department voiced its "strong support" for Perthes and its "concern" over Burhan's letter calling for his resignation

  • Several Western states seeking division between OPEC members: Raisi

    Tehran, Iran-- Urging OPEC member countries to preserve cohesion and unity among them, Iran's President Ebrahim Raisi said that several...

    Raisi, citing the history of good relations with OPEC, expressed his country's desire to continue strengthening the cooperation with it

    Haitham al-Ghais applauded the Islamic Republic's effort, both at ministerial and technical level, to strengthen the cohesion and unity of OPEC members