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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.
  • EU sanctions Iran Revolutionary Guards’ wing over brutal crackdown

    The European Union imposed an asset freeze on the investment arm of Iran's Revolutionary Guard, over Tehran's brutal crackdown on...

    The 27-nation bloc added the IRGC Cooperative Foundation, which handles the Guards' investments, to an EU asset freeze and visa ban blacklist.

    The EU also blacklisted the Student Basij Organization, which it said acts as enforcers for the Revolutionary Guards on university campuses.

  • Norwegian delegation in Abu Dhabi discusses legal issues with ADJD   

    ABU DHABI, UAE -   The Abu Dhabi Judicial Department (ADJD) discussed legal and judicial issues with a delegation from Norway....

    The delegation was briefed about applicable regulations, the Judicial Department's initiatives to establish specialized courts for foreigners.

    It was also briefed about the pioneering experience with remote litigation at the stage of registration of claims, case preparation and hearing.

  • Iraq artist battles to save old boating tradition

    The elegant water craft have long been vastly outnumbered by modern, motorised vessels and are threatened further as Iraq's waterways...

    Iraq must save "from extinction an essential facet of our civilisation which has existed for four or five millenia", said Salim, co-founder of Safina Projects

    The flotilla on the Tigris in Baghdad was a landmark event in Salim's efforts -- 18 of the boats took to the water on a spring afternoon as part of a cultural festival

  • Iran’s Raisi replaces longtime security chief and leading Gulf mediator Shamkhani

    Shamkhani, an ethnic Arab who had also previously served as a Revolutionary Guards commander, had been credited with defusing Iran's...

    Ahmadian, who studied at the National Defence University, was in charge of the strategic centre of the Islamic Revolutionary Guard Corps before his appointment to the new post

    The presidential decree ends the nearly decade-long tenure of Ali Shamkhani, 67, who played a key role in Iran's landmark rapprochement with Sunni powerhouse Saudi Arabia

  • Israeli army kills three Palestinian fighters in West Bank raid

    The Al-Aqsa Martyrs' Brigades, the armed wing of Palestinian president Mahmoud Abbas's Fatah party, said that the three were among...

    According to the witnesses, gunfire and loud explosion shook the camp even as a house was demolished by the Israeli army

    At least 153 Palestinians, 20 Israeli, a Ukranian and an Italian have been killed since the start of the year in the violence linked to the conflict

  • Oman’s Sultan Haitham and Egypt’s el-Sisi review bilateral ties in Cairo

    Cairo, Egypt--Egypt's President Abdel Fattah el-Sisi and Oman's Sultan Haitham bin Tareq reviewed bilateral relations and regional issues in talks...

    The talks between the two leaders are expected to yield several agreements in defense, trade and economic sectors

    Earlier Egypt's president received Sultan Haitham upon his arrival in Cairo, beginning a two-day official visit, his first to Egypt

  • Dubai Customs seizes over 200 samples of endangered animal, plant species since 2020

    DUBAI, UAE - Dubai Customs (DC) successfully seized, over the past three years, nearly 330 tons and over 200 samples...

    Dubai Customs plays a vital role in combating attempts to smuggle prohibited materials.

    It conducts public awareness campaigns on protecting endangered animals and plants.

  • Sharjah Chamber to send India bound trade group on 29 May

    SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) announced it will be sending a trade mission to...

    The initiative aims to bolster economic and trade cooperation, foster mutual investment, and establish promising partnerships between Sharjah and India.

    The upcoming trade mission is expected to support the chamber's strategic goals of driving foreign expansion and exploring new markets.

  • Capable of safeguarding Gulf waters in coordination with neighbors: Iran

    Iran said it is capable of ensuring the safety of the vital Gulf waters in cooperation with neighboring countries. Iran...

    The Gulf waters, which carry at least a third of the world's seaborne oil, have witnessed a spate of incidents since 2018.

    Recently the commander of the US Navy's Fifth Fleet transited through the Strait of Hormuz in a guided-missile destroyer.

  • Biden denounces Republican demands on debt ceiling as ‘unacceptable’

    President Joe Biden slammed Republican demands in negotiations to resolve the US debt ceiling standoff as "unacceptable" but said a...

    The Treasury Department says that the US government could run out of money and default on its $31 trillion debt as early as June 1.

    The default can happen if Congress, where Republicans control the House of Representatives, does not authorize more borrowing.