Search Site

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.
  • Clashes between Iran, Afghanistan forces at border

    Clashes broke out between Iranian and Taliban forces at the border between the two countries, Iranian police said without reporting...

    Even though Tehran and Kabul are bound by diplomatic relations, Iran does not recognize Afghanistan's Taliban government.

    Iran demanded that Afghanistan respect its "water rights", charging that an upstream river dam there is restricting the flow into a lake.

  • Iraq plans ambitious Europe-Middle East road, rail project

    Iraq presented an ambitious plan to turn itself into a regional transportation hub by developing its road and rail infrastructure,...

    War-ravaged and beset by rampant corruption, oil-rich Iraq suffers from dilapidated infrastructure.

    Developing the road and rail corridor would allow Iraq to capitalize on its geographical position.

  • UN backs Sudan envoy as army seeks his replacement

    NEW YORK, US -  United Nations chief Antonio Guterres said he was "shocked" by a letter from Sudanese army chief Abdel Fattah...

    The army and paramilitary RSF are currently in the fifth day of a one-week ceasefire brokered by the US and Saudi Arabia.

    It is the latest in a series of moves by the army chief, who last week officially sacked RSF chief as his deputy in the ruling sovereign council.

  • Drone strike targeted lawmaker’s home: Libya parliament

    The UN-recognized Government of National Unity said the strikes hit "hideouts used by gangs of smugglers in fuel, narcotics and...

    The UN mission in Libya said it was in contact with concerned national authorities, calling on both to respect relevant national and international laws

    Libya is split between a nominally interim government in Tripoli in the west, and another in the east backed by military strongman Khalifa Haftar

  • Japan deal expands UAE’s defense relations with Asia

    The signing of the UAE-Japan defense cooperation agreement aims to promote transfer of technology, cooperative research, development, and production projects.

    The signing of the UAE-Japan defense cooperation agreement aims to promote transfer of technology, cooperative research, development, and production projects

    The strengthening of defense cooperation with Asian countries is part of a broader UAE's effort to diversify its security partnerships and decrease dependence on the US

  • Saudi, US mediators see ‘improved respect’ for Sudan ceasefire

    Within minutes of the ceasefire taking effect late Monday, witnesses in the capital Khartoum reported air strikes and gunshots. The...

    The United States and Saudi Arabia, which brokered the latest deal, reported "serious violations" since it took effect, particularly on Wednesday.

    As civilians, aid groups and mediators pleaded for a stop to the fighting, Sudan's defense ministry issued a call to arms.

  • RAKEZ highlights Ras Al Khaimah’s potential to Chinese business owners

    RAS AL KHAIMAH, UAE - A top-level delegation from Ras Al Khaimah Economic Zone (RAKEZ) recently concluded its trip to...

    The RAKEZ delegation interacted with prominent Chinese business owners from a range of sectors.

    The team traveled through Shanghai, Suzhou, Qingdao, Tianjin, Guangzhou, Foshan, and Zhuhai.

  • Iran, Belgium free jailed persons in prisoner swap

    Iran freed Belgian aid worker Olivier Vandecasteele after almost 15 months in custody, in a prisoner exchange for an Iranian...

    Oman said it had helped broker an "exchange deal" and that an Iranian previously held in Belgium was on his way to Tehran.

    Iran announced that the freed Iranian is diplomat Assadollah Assadi, who was jailed in Belgium over a 2018 plot.

  • GCC contributes 97% of Arab humanitarian assistance

    The Gulf countries are playing an important role as the estimated cost of providing the necessary aid has surged to...

    The Gulf countries are playing an important role as the estimated cost of providing the necessary aid has surged to around US$51.5 billion, marking a 25% increase, says a report

    Challenges facing charitable organizations include conflicts and societal instability, highlighting the need for continued development and capacity building, adds the API report

  • In Sudan’s capital, risking death in search of water

    After nearly six weeks of street battles between forces loyal to rival generals and with temperatures regularly topping 40 degrees...

    On April 15, when fighting broke out between Sudan's army and the paramilitary RSF, the station supplying several districts of North Khartoum with running running water was damaged

    Since then, about 300,000 of its inhabitants have not seen a drop of water run from their taps and some have reopened wells or used pots to draw water from the Nile River