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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.
  • US debt ceiling issue keeps Biden, aides busy at G7

    President Joe Biden may be on the other side of the world but his political fight back home over the...

    The Group of 7 meeting in Japan is an important stage for Biden's goal of restoring US leadership among the world's democracies.

    "It is definitely a subject of interest here at the G7," National Security Advisor Jake Sullivan told reporters.

  • G7 to focus on ‘responsible’ use of artificial intelligence

    The world must assess the impact of generative artificial intelligence, G7 leaders said, announcing they will launch discussions this year...

    Text generation tools such as ChatGPT, image creators and music composed using AI have sparked delight, alarm and legal battles.

    European Parliament lawmakers this month also took a first step towards EU-wide regulation of ChatGPT and other AI systems.

  • UAE to implement support scheme for low-income farm owners

    DUBAI, UAE -   The Ministry of Community Development and Etihad Water & Electricity have announced the implementation mechanism of the...

    The support aims to reduce the financial burden related to electricity bills, as part of an integrated and holistic approach to help low-income families in UAE.

    Beneficiaries can check the monthly support amount by referring to their farms’ consumption bill through Etihad Water & Electricity’s service channels.

  • UAE discusses clean energy partnerships with Germany, Netherlands

    ABU DHABI, UAE -  A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the...

    Over 11,500 decision-makers, energy ministers and CEOs from over 100 countries participated in the World Hydrogen Summit 2023 in Netherlands.

    A senior UAE official provided an overview of the country's energy transition, with a focus on its hydrogen industry.

  • Sudan’s de facto leader sacks rival general as war rages on

    The sacking of the general made no difference to the fighting on the ground in both Khartoum and Darfur even...

    Saudi Arabia, hosting an Arab summit on Friday, has been seeking to hammer our a humanitarian ceasefire, while representatives of the warring generals are at present in the kingdom

    UN aid chief said he was "allocating $22 million to support relief efforts in Chad, the Central African Republic, Egypt and South Sudan," where Sudanese have sought refuge

  • Serious efforts needed to tackle Arab world challenges

    He stresses on resolving the Palestinian issue, expressing concerns over escalating Israeli attacks and calling for a collective response to...

    OIC Secretary General Hussein Ibrahim Taha highlights the need for strengthening cooperation amid delicate circumstances in Arab and Islamic world

    During the Arab League Summit, Taha also underscores the importance of resolving the Palestinian issue and calls for a collective international response

  • Iran says reserves right to take action on Afghan water dispute

    Iran said it "reserves" the right to take action as a dispute with Afghanistan escalates over an upstream river dam...

    Iran accused Afghan authorities of not meeting their obligations in providing Tehran with its "water rights" from the Helmand River.

    The Helmand River flows from the mountains of the central Afghan province of the same name for over 1,000 kilometers into Lake Hamoun.

  • Leaders call for unity, peace, progress in Arab world

    The Arab League Summit, which concluded on an optimistic note in Jeddah, highlighted the need for unified Arab positions and...

    The Arab League Summit, which concluded on an optimistic note in Jeddah, highlighted the need for unified Arab positions and effective strategies to confront current challenges

    Several leaders, including those from Egypt, Jordan, and the UAE, focused on issues such as national state preservation, economic cooperation, and regional stability

  • Ajman Chamber, Belgium Embassy discuss trade opportunities

    AJMAN, UAE -   Chairman of the Ajman Chamber of Commerce and Industry (ACCI) Abdullah Al Muwaiji discussed trade and investment...

    The meeting aimed to strengthen economic ties and promote Ajman as an attractive investment destination.

    The discussions focused on bilateral economic, trade investment relations, tourism, industry, trade, education, health.

  • Syria, Ukraine join as Arab League Summit kicks off

    Syrian President Bashar al-Assad returns to Arab League Summit, which confronts conflicts across the Middle East and beyond, including the...

    Syrian President Bashar al-Assad returns to Arab League Summit, which confronts conflicts across the Middle East and beyond, including the war in Ukraine.

    Ukrainian President Volodymyr Zelensky meets Saudi Crown Prince Mohammed bin Salman and thanks him for backing Ukraine's sovereignty ahead of the summit