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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.
  • Algerian president to visit France in June

    ALGIERS, ALGERIA -  Algerian President Abdelmadjid Tebboune will visit France in June, his office said Sunday, weeks after a diplomatic spat...

    In February, Algeria withdrew its ambassador from France, accusing it of helping an activist, sentenced to prison, flee the African country.

    Algeria was a French colony for 130 years and gained its independence in 1962 after a devastating eight-year war.

  • HFZA showcases Sharjah as attractive investment destination at India Steel 2023

    SHARJAH, UAE -  India is among the UAE's most significant investment partners, with substantial mutual investments. Iron and steel rank...

    Iron and steel rank among the top commodities exported from the UAE to India.

    India is among UAE's most vital trade partners, with substantial mutual investments.

  • Collective action required for food security, says FAO

    MIYAZAKI, JAPAN  -  With hunger levels rising and food prices soaring in most of the world, collective actions are necessary...

    Trade continues to be key for global food security and all nations must commit to well-functioning markets and transparency, FAO said.

    "We need to work together in an efficient, effective and coherent manner to identify the solutions," FAO added.

  • UK to test new alert system on mobile phones

    LONDON, UK - The UK will conduct its first test of a new emergency alert service on Sunday, with millions of...

    The alert system, modeled on schemes in Canada, Japan, and the US aims to warn the public if there is a danger to life nearby.

    Emergency services and the government hope to use the system to alert people to issues such as severe flooding and fires.

  • Morocco impounds 5.4 tonnes of cannabis, haul of cocaine

    Morocco is the world's largest producer of cannabis resin according to the United Nations, and police seized nearly 100 tonnes...

    Security and customs officers seized the cannabis resin in the northern port of Tangier on board an international freight truck, DGSN said late Saturday

    In a separate operation, also in Tangier, nearly 60 kilogrammes of cocaine were seized on Thursday inside a refrigerated container, police said

  • UK prepares for King Charles III’s coronation in May

    Charles and Camilla's grandchildren will take part in the ceremony, watched by more than 2,000 invited dignitaries -- a quarter...

    The set-piece coronation at Westminster Abbey on May 6 is the first in Britain in 70 years, and only the second in history to be televised

    King Charles III will be the 40th reigning monarch to be crowned at the central London church since King William I in 1066

  • EU foreign policy chief asks European navies to patrol Taiwan Strait

    Paris, France--EU foreign policy chief Josep Borrell called on European navies to patrol the disputed Taiwan Strait, in a opinion piece...

    Echoing comments he made last week, Borrell reiterated in the journal Du Dimanche how crucial Taiwan is to Europe

    Vowing to bring the island under its control one day, China claims Taiwan as part of its territory

  • Thousands of Israelis protest Netanyahu’s judicial reform plan

    Saturday's demonstration comes ahead of another mass protest planned for the coastal city on Sunday to coincide with a Netanyahu...

    The weekly protests have continued despite Benjamin Netanyahu on March 27 announcing a pause to allow for talks on reforms

    Opponents of the reform plan another demonstration on Tuesday in Tel Aviv ahead of Independence Day on Wednesday

  • US military evacuates American embassy staff from Sudan’s capital

    Calling for an end to the "unconscionable" fighting in Sudan's capital, US President Joe Biden pushed for an "immediate and...

    US Secretary of State Antony Blinken in a statement said he ordered the evacuation of staff and their families due to the "serious and growing security risks"

    The raging fighting between army chief's forces and his former deputy's paramilitary group began April 15 over a dispute on the planned integration of it into the regular army

  • Morocco appoints new second-in-command amid tensions with Algeria

    In the midst of strain with Algeria over the Western Sahara, Morocco's King Mohammed VI has appointed a new second-in-command...

    At the handover Farouk, 75, whose successor is around seven years younger, was in wheelchair, and no reason for the change was given

    The change coincides with heightened tensions with Algeria after the collapse of a decades-old ceasefire in the Western Sahara