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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.
  • G7 vows ‘severe costs’ for those helping Russia in Ukraine

    After two days of talks in the bucolic Japanese mountain resort town Karuizawa, the top diplomats from leading economies unveiled...

    G7 foreign ministers also put Beijing on notice over its "militarization activities" in the South China Sea and insisted their Taiwan policy was unchanged.

    Their final statement sparked a furious reaction from China, which said it had been "maliciously slandered and smeared".

  • UN chief calls for Sudan ceasefire as death toll in fighting touches 185

    Calling on warring parties in Sudan to immediately cease hostilities, UN Secretary-General Antonio Guterres has warned that any further escalation...

    The UN's special representative to Sudan told reporters that the violence raged for a third day through Monday, with the death toll increasing to at least 185 people

    The fighting broke out between the two generals who seized power in a 2021 coup: Sudan's army chief, Abdel Fattah al-Burhan, and his deputy, Mohamed Hamdan Daglo

  • Best chance for peace in Yemen in eight years, says UN envoy

    Yemen faces its best chance to strike a peace deal since the country's civil war started over eight years ago,...

    The Arabian Peninsula country is one of the poorest in the Middle East, and has been devastated by the war, which started in 2014.

    The government and the rebels have exchanged nearly 900 prisoners in recent days, as hopes grow for peace.

  • Air France, Airbus acquitted over 2009 Rio-Paris crash

    PARIS, FRANCE -  Air France and plane manufacturer Airbus were acquitted Monday over the 2009 crash of a Rio-Paris flight after...

    The two companies went on trial in October to determine their responsibility for the worst aviation disaster in Air France's history.

    If convicted, Air France, Airbus would have risked a fine of US$250,000 as well as significant reputational damage.

  • Cementing ties: Iran invites Saudi Arabia’s king to visit Tehran

    The two countries had severed ties seven years ago after Saudi Arabia executed a revered Saudi shia cleric Sheikh Nimr...

    The two Middle East powerhouses had held several rounds of dialogue in Iraq and Oman before reaching the agreement to mend ties on March 10 in China.

    Saudi delegation to visit Iran to discuss the reopening of the embassy and consulate. Iranian officials say diplomatic mission likely to open before May 9.

  • After major Yemen prisoner swap, another 104 released: ICRC

    A day after a major prisoner exchange, more than 100 prisoners of war were flown from Saudi Arabia to Yemen...

    The exchange and the truce negotiations come a month after Gulf heavyweights Saudi Arabia and Iran agreed to re-establish diplomatic ties

    The release of 104 captives, days before the major Muslim festival of Eid al-Fitr, takes the total number to 973 freed since Friday

  • US raid in Syria targets senior IS leader: Centcom

    Beirut, Lebanon--A US helicopter raid on Monday targeted a senior Islamic State group leader in Syria suspected of plotting attacks in...

    A US Central Command statement said that the target of the strike was "responsible for planning terror attacks in the Middle East and Europe"

    The strike, according to the Observatory, a Britain-based war monitor, killed the main target and two other fighters

  • More than 40 people killed in Syria attacks blamed on IS

    The Observatory, which has a wide network of sources on the ground in Syria, said fighters riding motorbikes also attacked...

    Since February, more than 240 people have been killed in IS attacks targeting truffle hunters or by landmines left by the extremists

    Remnants of explosives laid by all sides in the conflict are now claiming more lives in Syria than anywhere else in the world, says the UN

  • UN denounces Sudan clashes, demands ‘swift justice’ over killings

    Denouncing clashes in Sudan that have left dozens of civilians dead including three workers of the World Food Program, UN...

    The UN Security Council, according to diplomatic sources, is planning to discuss the situation in Sudan at a closed-door meeting on Monday.

    FIghting between the Sudanese armed forces and a rival paramilitary, the Rapid Support Forces, have left at least 56 civilians dead

  • 10 Iranian soldiers sentenced for downing of Ukrainian plane

    Iran's judiciary had said in November 2021 that a trial had opened in Tehran for 10 military members in connection...

    A commander received 10 years in prison and nine others were sentenced to between one and three years.

    Iranian forces shot down Ukraine International Airlines flight PS752 shortly after its takeoff from Tehran on January 8 that year.