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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.
  • UAE to take part in meeting with Arab finance ministers, experts

    ABU DHABI, UAE - The UAE will participate in the Joint Annual Meeting of Arab Financial Institutions, which will be...

    UAE will participate in the 52nd annual meeting of the Board of Governors of the Arab Fund for Economic and Social Development.

    UAE will also take part in the 47th annual meeting of the Board of Governors of the Arab Bank for the Economic Development in Africa.

  • US slaps fresh sanctions on Russia, Iran for ‘hostage-taking’

    The US is "showing that one cannot engage in this sort of awful behavior of using human beings as pawns,...

    The sanctions came a month after Russia detained Wall Street Journal reporter Evan Gershkovich, charging him with spying

    At least three US citizens are being held in Iranian prisons, including businessman Siamak Namazi, held in Tehran's Evin prison since 2015

  • ‘Shots fired’ at vessel in waters south of Yemen, says British navy body

    Previous attacks have been blamed on Somali pirates but they have fallen in recent years as a result of international...

    Shots were fired at the unidentified vessel in the Gulf of Aden, said UKMTO, which provides security alerts for the shipping trade

    UKMTO report comes a day after Iran seized a US-bound oil tanker in the Gulf of Oman, another waterway bordering the Arabian Peninsula

  • NATO secretary general calls Jordan king, reaffirms strategic partnership

    Amman, Jordan - Jordan King Abdullah on Wednesday received a phone call from NATO Secretary General Jens Stoltenberg during which...

    They discussed “the deep-rooted cooperation and strategic partnership,” in military, training, and defence areas

    Earlier this month, Prime Minister Bisher Khasawneh met a delegation from the Republican Party of the US Congress

  • Iran calls upon Lebanon to elect a president

    Iran's foreign minister called on Lebanon to overcome political deadlock and elect a president, urging foreign governments not to interfere...

    Lebanon, in the throes of a crushing economic crisis, has been without a president for almost six months amid deadlock between entrenched political barons.

    A caretaker cabinet with limited powers has been at the helm since May last year after legislative polls gave no side a clear majority.

  • ‘Nightmare’: Sudan evacuees fear for those left behind

    On Wednesday, after a harrowing overland journey and overnight boat trip across the Red Sea, Sudan evacuees who have fled...

    Evacuees began arriving in Saudi Arabia on Saturday, on naval ships that reached Jeddah carrying 150 people including foreign diplomats and officials

    The rescue operation completed on Wednesday morning was by far the largest to date as more than 1600 civilians were arrived to the coastal Saudi city of Jeddah

  • Iran director Panahi travels abroad after 14-year ban

    The 62-year-old Iranian director, whose films have won numerous international awards, was freed on bail in early February after nearly...

    On Tuesday evening Panahi's wife posted a photo on Instagram of herself and the filmmaker at an airport, with both appearing happy to leave the country after a 14-year ban

    Panahi was banned from making films and leaving the Islamic republic after supporting mass protests in 2009 and making a series of films that critiqued the state of modern Iran

  • Erdogan cancels poll appearances after developing stomach bug

    Erdogan cut short a live television interview late on Tuesday after getting sick on air. His television appearance began more...

    The 69-year-old leader's announcement came three weeks before Turkey holds what is viewed as its most important election of its post-Ottoman era

    He is running neck-and-neck with secular opposition leader Kemal Kilicdaroglu and had three campaign appearances planned for Wednesday

  • Tokyo firm loses contact with lander carrying UAE’s moon explorer

    The UAE-made Rashid Rover aboard the Hakuto Mission 1 Lunar lander was nearing its destination on the Moon when the...

    The lander was travelling at around 16 mph (25 kph) at the time of the communication blackout.

    The mission control team is still trying to locate and confirm the status of the lander.

  • UAE urges UN Security Council to resolve conflicts through dialogue

    NEW YORK, US - UAE Minister of State Khalifa Shaheen Al Marar urged United Nations Security Council members to peacefully...

    The UAE calls upon UNSC to bring peaceful resolution to conflict and crises, from Sudan to Ukraine.

    UAE says it is imperative to promote dialogue and cooperation among nations to address challenges.