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Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

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.
  • US to bolster presence in Gulf after Iran threat, says White House

    The United States said it was sending reinforcements to the Gulf after what it called increasing harassment by Iran of...

    US National Security Council spokesman John Kirby said Iran has "harassed, attacked or interfered" with 15 internationally flagged merchant vessels over the past 15 years.

    "The United States will not allow foreign or regional powers to jeopardize freedom of navigation through the Middle East waterways including the Strait of Hormuz, he said.

  • Iran releases two French citizens from prison, says Paris

    Iran released two French citizens jailed in separate cases, France said, urging Tehran to release several others still detained in...

    The pair were among some two dozen foreigners jailed in Iran who campaigners see as hostages held in a deliberate strategy by Tehran.

    Four more French citizens, described previously as "hostages" by the French foreign ministry, are still being held in prison by Iran.

  • UAE President, Macron hold talks to strengthen strategic partnership

    Dubai, UAE -- UAE President Sheikh Mohamed bin Zayed Al Nahyan has discussed the longstanding strategic partnership between the UAE...

    They also explored opportunities to further expand bilateral cooperation across various sectors, WAM reported.

    Their talks also covered other fields central to both countries’ sustainable development ambitions, including investment, the economy, food security, and advanced technology.

  • Turkey says Ukraine grain deal nearing agreement

    The Black Sea Grain Initiative, in place since July after diplomacy by the United Nations and Turkey, allows Ukraine grain...

    NATO member Turkey, which has good ties with Russia and Ukraine, has pushed both countries to resume peace talks after negotiations broke down last year

    Ankara helped the United Nations broker the grain deal last July, helping ease a spike in global food prices caused by Russia's invasion

  • Saudi Arabia, US leading diplomatic drive for Sudan truce, end to fighting

    fighting and looting raged most of Thursday in the capital Khartoum and US diplomats were frank about the obstacles in...

    Sudan's warring military factions signed a commitment to respect humanitarian principles in their spiralling conflict late Thursday but they did not reach a ceasefire

    The agreement commits both sides in general terms to let in badly needed humanitarian assistance after looting and attacks targeting aid in the impoverished country

  • GCC-China economic relations move beyond oil trade

    China aims to play a more central role in the Gulf region, focusing on investment opportunities beyond the oil and...

    China aims to play a more central role in the Gulf region, focusing on investment opportunities beyond the oil and energy relationship

    Brokering talks between Saudi Arabia and Iran highlights China's ambition to challenge the US dollar's hegemony in the Gulf region

  • Global leaders urge ceasefire between Israel, Palestinian groups

    The foreign ministers of Egypt, France, Germany and Jordan called for an end to the violence between Israel and Gaza...

    "The bloodletting must end now," said German Foreign Minister Annalena Baerbock.

    Jordan's Foreign Minister Ayman Safadi also said the "negative developments must end.

  • Iraqi museum damaged by IS works toward reopening

    IS militants used sledgehammers and power tools to deface ancient statues and pre-Islamic treasures housed in the museum.

    A gaping hole remains in the floor of the museum's famed Assyrian gallery, caused by a bomb explosion.

    The artefacts are being revived with financing from the International Alliance for the Protection of Cultural Heritage in Conflict Areas (ALIPH).

  • Yemen peace push ‘serious’ but next steps unclear: Saudi envoy

    "Everybody is serious. Serious means everybody is looking for peace," Mohammed al-Jaber said in his first extensive comments after meeting...

    Jaber, Riyadh's ambassador to Yemen, travelled to Sanaa in April as part of a plan to "stabilize" the truce, which officially expired in October.

    The Houthis see Saudi Arabia as a party to the conflict, whereas Jaber indicated that Riyadh sees itself as more of a mediator trying to facilitate a truce.

  • Iraqi Kurds hold their breath as key Turkish election draws closer

    Iraqi Kurds are watching with anxiety the tightest electoral battle yet for Recep Tayyip Erdogan, the outcome of which could...

    Iraq's Kurdish government scarcely reprimands Ankara, despite Turkey routinely bombarding its territory and causing civilian casualties

    Kurdish leaders have built relationships with Erdogan, if the president changes, the whole relationship between Arbil and Ankara changes,