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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.
  • Brazil president reaches UAE to enhance bilateral ties

    ABU DHABI, UAE - Brazilian President Luiz Inacio Lula da Silva arrived here Saturday, following a two-day visit to China to...

    The UAE is Brazil's second-largest trading partner in the Middle East, according to reports.

    Trade between the two trade excluding petrol totaled over US$4 million in 2022 - a 32 percent rise from 2021.

  • Iranian police to prosecute women violating dress code

    Iranian police said they will deal with women who violate the Islamic dress code. The number of women defying the...

    A wave of civil protest swept the Islamic republic after Amini's death, three days after her arrest by the morality police.

    "Removing hijab is considered a crime, and the police deal with social anomalies within the framework of the law," the police said

  • Saudi plane hit by gunfire in Sudan unrest, says airline

    A passenger plane preparing to take off from Sudan for Saudi Arabia came under fire as deadly fighting rocked Khartoum,...

    Clashes broke out between Sudan's army and paramilitaries, and the doctors' union reported three civilian deaths, including at Khartoum's airport.

    Both the Saudi foreign ministry and the Gulf Cooperation Council, headquartered in Riyadh, issued statements of concern about the violence.

  • Nuclear power reactors to shut down in Germany

    BERLIN, GERMANY - Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks...

    The exit decision was popular in a country with a powerful anti-nuclear movement, stoked by lingering fears of Cold War conflict and atomic disasters.

    The challenge caused by Russia's invasion of Ukraine put an end to cheap gas imports and has upped calls in Germany to delay withdrawal from nuclear power.

  • Saudis among scores of Yemen war prisoners freed on day two of swap

    The first flight of the day took off from the southern Saudi city of Abha before 9:00 am (0600 GMT),...

    The flights connecting Saudi Arabia and Houthi-held territory in Yemen were part of a multi-day transfer involving nearly 900 detainees

    Analysts say that eight years after mobilizing a coalition to crush the Houthis, the Saudis have come to terms with the fact that this goal will not be met

  • Jeddah meeting: Call for Arab role in resolving Syrian crisis, easing Asad’s isolation

    Syria was suspended from the Arab League in 2011 over Assad's brutal crackdown of pro-democracy protests. But on Wednesday, in...

    Top diplomats from the six Gulf Cooperation Council countries plus Egypt, Iraq and Jordan met in Saudi Arabia at the kingdom's request

    Syrian President Bashar al-Assad has been shunned by many Middle Eastern countries and is a Western pariah over the ongoing civil war in the country

  • Japan PM Fumio Kishida unhurt in ‘smoke bomb’, man detained

    Moments after a blast was heard in Wakayama, Japanese Prime Minister Fumio Kishida was evacuated from the spot, and he...

    The incident occured when the prime minister was about to deliver remarks to a crowd in support of a ruling party candidate in upcoming lower house by-elections

    After the assassination of former prime minister Shinzo Abe while speaking at a campaign event in July 2022, Japan has shored up security around politicians

  • Arab nations gather to discuss ending Syria’s long isolation

    Arab countries gathered in Jeddah on Friday to discuss ending Syria's long spell in the diplomatic wilderness as regional relations...

    The Jeddah meeting is one of a flurry of initiatives following Saudi Arabia and Iran's landmark announcement on March 10 that they would resume ties.

    Although the Arab League takes decisions by consensus, unanimous agreement is unlikely, said a Riyadh-based diplomat who declined to be identified.

  • Thousands of Iranians hold rallies on pro-Palestine Jerusalem Day

    The pro-Palestinian rallies follow months of unrest in Iran sparked by the September death in custody of Mahsa Amini, a...

    Rallies were held in Tehran and other major Iranian cities including Tabriz in the northwest, Hamedan in the west, Yazd in the center.

    In central Tehran, protesters were burning US and Israeli flags and images of Israel's Prime Minister Benjamin Netanyahu.

  • Tunisia footballer dies after setting himself alight in anti-state protest

    Tunis, Tunisia -- A professional footballer in Tunisia has died after setting himself alight earlier this week in what he said...

    Nizar Issaoui, 35, suffered third-degree burns from his action in the village of Haffouz in the central region of Kairouan..

    News of Issaoui's death sparked protests on the streets of Haffouz on Thursday evening, Tunisian media reported.