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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.
  • 100,000 Russian dead, wounded in 5 months in Ukraine: W.House

    National Security Council spokesman John Kirby said he was not giving estimates of Ukrainian casualties because "they are the victims...

    National Security Council spokesman told reporters that Russia has suffered more than 100,000 casualties, including over 20,000 killed in action

    John Kirby, citing newly declassified US intelligence, said that about half of those killed were soldiers recruited by the private military company Wagner

  • Tunisia’s main workers union criticizes IMF loan talks

    TUNIS, TUNISIA - Tunisia's largest union on Monday attacked the government's handling of negotiations with the International Monetary Fund (IMF) on...

    Despite an agreement in principle on the loan, talks with the IMF have stalled for months over Tunisian President not committing to restructure public bodies.

    The IMF has called for legislation to restructure over 100 state-owned firms, which hold monopolies over many parts of the economy.

  • Suspected Islamic State group chief killed in Syria: Erdogan

    "The suspected leader of Daesh, codename Abu Hussein al-Qurashi, has been neutralised in an operation carried out yesterday (Saturday) by...

    The Islamic State group announced the death of its previous leader, Abu Hasan al-Hashimi al-Qurashi, on November 30, replacing him with Abu Hussein al-Qurashi

    An AFP correspondent in northern Syria said Turkish intelligence agents and local military police, backed by Turkey, had on Saturday sealed off a zone in Jindires

  • UN sending envoy to Sudan as conflict worsens humanitarian crisis

    With projectiles crashing into residential buildings, supplies running short and daily life increasingly untenable for civilians, foreign nations have scrambled...

    Secretary-General Antonio Guterres' announcement Sunday came shortly after rival Sudanese forces announced the extension of a truce they have largely violated

    More than 75,000 people have been internally displaced in Sudan, the UN said, and almost 40,000 have crossed borders, mostly into Chad but also South Sudan and Ethiopia

  • Erdogan, opponent attract huge crowds ahead of crucial elections

    The 69-year-old president has bounced back strongly from what was described as a digestive problem in the run-up to one...

    The veteran Turkish leader filled a central Ankara square that can fit a few hundred thousand people with flag-waving supporters.

    Erdogan in 2019 lost landmark municipal votes in Ankara, Istanbul and Izmir -- Turkey's three biggest and most economically powerful cities.

  • Iran’s parliament removes minister over rising prices

    Iran's parliament voted in an impeachment session to remove the industry minister amid soaring prices as the Islamic republic's economy...

    The vote came with the economy battered by Western sanctions, rampant inflation and depreciation of the rial against the dollar.

    Defending the minister ahead of the vote, President Ebrahim Raisi had urged "stability in the management of this ministry".

  • Flight carrying humanitarian aid from Red Cross lands in Sudan

    KHARTOUM, SUDAN -  A first Red Cross plane laden with humanitarian aid on Sunday landed in Sudan, where deadly clashes between...

    The shipment took off from the Jordanian capital Amman and arrived in the eastern city of Port Sudan.

    Only 16 percent of hospitals are functioning in the capital Khartoum, according to the World Health Organization.

  • US tells Beijing to stop ‘provocative and unsafe conduct’ in South China sea

    Washington, United States--The US called on China Saturday to stop its "provocative and unsafe conduct" in the disputed South China Sea,...

    US has warned China to refrain from taking aggressive actions, saying that any attack on Philippine armed forces would trigger a US response

    China blamed the Philippine boats for intruding without its permission and termed it a "premeditated and provocative action"

  • Turkey inches closer to referendum on Erdogan’s two-decade rule

    The 69-year-old leader looked fighting fit as he strutted back on stage after a three-day illness and tossed flowers to...

    Polls show Erdogan running neck-and-neck against secular opposition leader Kemal Kilicdaroglu and his alliance of six disparate parties

    The president is venerated across more conservative swathes of Turkey for unshackling religious restrictions and bringing jobs to millions of people

  • Jordan’s king seeks deeper partnership with US in ‘various fields’

    Amman, Jordan--Expressing his deep appreciation of the United States for its support to Jordan, King Abdullah has called for strengthening...

    Both the sides pledged to deepen the historic friendship and strategic partnership between Jordan and the US, and to widen ties in various fields

    The king maintained that a restart in negotiations between the Palestinians and the Israelis was critical in order to reach just and comprehensive peace in the region