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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.
  • Interpol red notice issued for Lebanon central bank chief

    Lebanon has received an Interpol red notice requesting the arrest of central bank governor Riad Salameh after a French magistrate...

    French investigators suspect that central bank boss Riad Salameh misused public funds to accumulate real estate and banking assets.

    In March 2022, France, Germany and Luxembourg froze assets worth US$130 million (120 million euros) believed to belong to Salameh.

  • Iran hangs three in connection with Amini protests

    Iran executed three men convicted of killing security force members during protests triggered by Mahsa Amini's death last year, the...

    During the protests, thousands of Iranians were arrested and hundreds killed including dozens of security forces.

    With the hangings, the total number of Iranians executed in connection with the demonstrations rises to seven.

  • ‘Some’ Arab leaders turn ‘blind eye’ to Russian invasion: Zelensky

    Zelensky's surprise trip to the summit in the Red Sea coastal city of Jeddah was his first to the Middle...

    The summit also marks the return to the Arab League of Syrian President Bashar al-Assad, a staunch Russian ally who was suspended in 2011.

    Zelensky highlighted how the war in Ukraine has affected Muslims in the Crimean Peninsula, which was annexed by Russia in 2014.

  • Tensions high as Israel nationalists march into east Jerusalem to commemorate its capture

    Thursday's march began in the western part of the city before passing into east Jerusalem and through the Old City...

    Palestinians in annexed east Jerusalem closed their shops and were banned from the Damascus Gate entrance to the Old City, a social hub, to make way for the marchers

    Before the march, dozens of Jews, including three lawmakers from Netanyahu's party and a minister from Ben-Gvir's Jewish Power faction visited Al-Aqsa mosque compound

  • Eyes on Bashar al-Assad as Arab summit kicks off in Saudi

    The summit in Saudi Arabia comes at a time when the world's biggest oil exporter is flexing its diplomatic muscle...

    Assad arrived in the Red Sea coastal city of Jeddah on Thursday for the Arab League gathering, his first since the bloc suspended Syria in 2011

    Saudi Arabia has restored bilateral ties with Syria and ramped up a push for peace in Yemen, where it leads a military coalition against Houthi rebels

  • After hitting Russia with new sanctions, G7 leaders visit Hiroshima memorial

    G7 leaders, including the heads of nuclear-armed Britain, France and the United States, arrived at the city's Peace Park to...

    The G7 leaders began their visit with a stop at Hiroshima Peace Museum, which contains graphic evidence of the devastation caused by US nuclear attack in 1945

    US and its G7 allies rolled out new sanctions against Russia's war machine Friday, targeting Moscow's lucrative diamond trade and more entities linked to Ukraine war

  • UAE discusses global economic challenges in EBRD meeting

    SAMARKAND, UZBEKISTAN -  The UAE, represented by the Ministry of Finance (MoF), participated in the 2023 Annual Meeting of the...

    Representatives of member states, private sector, the Board of Directors and the bank's management attended the meeting.

    The UAE said focus should be on enhancing regional, global integration, to facilitate trade, investment and closer economic cooperation.

  • G7 to squeeze Russia, weigh risk of China’s ‘economic coercion’

    Japanese PM Fumio Kishida is hosting leaders from six other wealthy democracies in his hometown -- a city synonymous with...

    G7 nations have already adopted sanctions on Russian banks and military firms, and placed price caps on Russian crude. Discussions are expected on tighter enforcement.

    Summit discussions on China are expected to focus on efforts to insulate G7 economies from potential economic blackmail, by diversifying supply chains and markets.

  • Conflict zones in Middle East are not getting climate funds, say aid groups

    DUBAI, UAE - Conflict-plagued countries in the Middle East are among the most vulnerable to climate change but are almost entirely...

    The UN ranks Iraq, recovering from decades of conflict, as one of five countries most impacted by effects of climate change including drought.

    Syria and Yemen are also at heightened risk following years of war that has battered both the country's infrastructure.

  • MENA region takes significant strides towards renewable energy, says Prince Albert II of Monaco

    The Monaco prince commends the Saudi Green Initiative, Middle East Green Initiative and the upcoming COP in Dubai as "remarkable...

    Prince Albert recognizes the remarkable environmental initiatives undertaken by the MENA region and offers his support and willingness to contribute to these efforts

    Stressing on global collaboration, Prince Albert II emphasizes that the fight against climate change and the preservation of biodiversity cannot be won by isolated efforts