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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.
  • Russia sending nuclear arms to Belarus, ratcheting up tensions with the West

    "The transfer of nuclear munitions has begun," Lukashenko told reporters during a visit to Moscow to meet with President Vladimir...

    Lukashenko has allowed his territory, which borders Ukraine, EU and NATO members Poland and Lithuania, to serve as a staging ground for Russian invasion

    In March, Putin said he would station "tactical" nuclear weapons - in effect short-range atomic missiles - in Belarus, drawing condemnation from the West

  • Brazilian group seeks trade, investment boost with UAE

    Sharjah, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) organized the UAE-Sao Paulo Business Forum on Thursday, marking...

    During the forum, the two sides discussed joint efforts and investment opportunities available in both cities.

    The delegation comprised representatives from companies operating in agriculture, food, cosmetics, and furnishings sectors.

  • ‘Partnerships with technology leaders help in Dubai’s digital transformation’

    DUBAI, UAE - First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE Sheikh...

    Successful partnerships with leading industry players are a key enabler of Dubai’s digital transformation journey.

    The initiative seeks to advance Dubai’s strategic objective of becoming one of the world’s top urban economies.

  • EU backs WTO deal banning harmful fisheries subsidies

    Brussels, Belgium -- The European Union approved a historic agreement banning harmful fisheries subsidies on Thursday, joining a small group...

    Canada and the United Arab Emirates accepted the World Trade Organization (WTO) agreement earlier this month, following the United States in April.

    The agreement bans subsidies for illegal, unreported and unregulated fishing, with a two-year exemption for developing countries within their exclusive economic zones.

  • Cargo ship grounded for a short while in Egypt’s Suez Canal

    ISMAILIA, EGYPT -  A cargo ship ran aground on Thursday in Egypt's Suez Canal before it was quickly refloated without interrupting...

    Hong Kong-flagged Xin Hai Tong 23 bulk carrier was refloated after "a sudden malfunction of the machinery".

    The Suez Canal Authority said three tugboats and a marine rescue team were sent to refloat the vessel.

  • Sudan refugees tread difficult path on way to safety in Egypt

    Sudanese who cross into Egypt's south must then buy a bus ticket to take them to the nearest major city,...

    Cairo refuses to set up refugee camps for Sudanese and instead says the new arrivals are given the right to work and move freely

    Egyptian President Abdel Fattah al-Sisi has repeatedly said that his country is hosting "not war refugees" but "guests"

  • Iran shows off new ballistic missile designed to carry 1,500 kg warhead

    Tehran, Iran--Iran has displayed a new long-range missile capable of carrying 1,500 kg warhead with the capacity to hit targets...

    The ballistic missile designed by the country's Aerospace Organization is seen as one of the most advanced missiles with a range of 2,000 km

    Iran claims the missile has a liquid-fuel engine fitted in the fuel tank, which reduces the length of the missile to about 13 meters

  • Duchess of Edinburgh makes a rare visit to Iraq

    The Iraqi presidency said the duchess delivered a written message from King Charles III -- who had himself visited Iraq...

    Sophie, Duchess of Edinburgh, spent two days in Baghdad, where she met President Abdul Latif Rashid and his wife Shanaz Ibrahim Ahmed, the Iraqi presidency said

    The duchess delivered a speech at a conference on women's rights organised by the British embassy in Baghdad, during which she met representatives of women's rights groups

  • Kuwait’s court upholds dissolution of 2022 parliament

    Kuwait - Kuwait's Constitutional Court has upheld a previous ruling that declared the September 2022 parliamentary election void, in which...

    The court rejected an appeal against this decision filed by members of the 2022 parliament

    As a result of the court's decision, legislative elections are set to proceed on June 6

  • GCC secretary general exhorts boosting trade relations with UK

    Riyadh, Saudi Arabia--The GCC has called for the strengthening of trade and investment relations with the United Kingdom amid the...

    The GCC secretary general made the remarks during a meeting with Kemi Badenoch, UK business secretary in Riyadh

    Albudaiwi and Badenoch reviewed joint preparations for holding the fourth round of negotiations to be held in London, in July