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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.
  • Lebanon dismantles loaded rocket launcher primed to fire at Israel

    On Thursday, the Israeli army said more than 30 rockets had been fired from Lebanese territory into Israel in the...

    Shells hit a field and damaged a house near the Palestinian refuge camp of Rashidiyeh, an area from where rockets were fired at Israel, AFP correspondents said.

    "There are no Hezbollah or Palestinian military positions here. The Israeli are unleashing their anger on banana groves," Mohsen Mortada, a resident of Qlayle, told AFP.

  • Children to be vaccinated in quake-hit northwest Syria

    CAIRO/AMMAN, EGYPT/JORDAN -   Measles and polio vaccination campaign will be launched on Saturday across northwest Syria to protect some 800,000...

    The vaccination drive is supported by WHO, the Vaccine Alliance, UNICEF, in partnership with local NGOs and the Syria Immunization Group.

    Raising immunization levels among children is a priority in an area where the earthquakes partially or totally destroyed 67 health facilities.

  • Russia’s Lavrov holds talks in Turkey to extend grain deal

    The Russian foreign ministry said Lavrov, who last visited Turkey in June, will discuss the grain deal, which Moscow says...

    Sergei Lavrov joined Turkish Foreign Minister, at a dinner breaking the fast during the Muslim holy month of Ramadan before the pair headed into talks on Friday

    The foreign ministers are due to address a joint news conference at the presidential palace where Lavrov will also meet Turkish President Recep Tayyip Erdogan

  • UAE rejects extradition of Gupta brothers, says South Africa

    South Africa's Justice Minister Ronald Lamola said the government was notified on Thursday evening of a Dubai court decision not...

    South Africa filed the extradition request in July last year after the two were arrested in Dubai a month earlier.

    The ultra-wealthy brothers ran a sprawling family business empire in South Africa for more than two decades after migrating from India.

  • Samsung expects profit to plunge

    Memory chip sales hammered by a global downturn.

    The firm said in a regulatory filing that January-March operating profits were expected to drop 95.7 percent to $455 million, their lowest level since the first quarter of 2009

    The anticipated drop in profits was because of "continuing weak demand for IT products that have aggravated the performances of all sectors", Samsung said in the statement

  • Israel confirms striking Lebanon first time since April 2022

    Tensions have soared between Israel and Palestinians during what is both the Jewish Passover and the Muslim holy month of...

    The strikes were launched around 4 am (0100 GMT), hitting both the Gaza Strip and southern Lebanon, an Israeli army statement said

    The latest flare-up of violence comes after Israeli police clashed Wednesday with Palestinians inside Jerusalem's Al-Aqsa mosque

  • Classified US-NATO Ukraine war plans wind up on social media

    Senior officials from the Biden administration have confirmed the authenticity of the documents, which have been posted on Twitter and...

    The leaked documents could provide valuable information to Russian war planners

    The Pentagon is currently investigating who may have been behind the leak

  • Kais Saied denounces IMF bailout conditions as ‘foreign diktats’

    The IMF was originally expected to approve a bailout deal on December 19, but that was delayed pending a Tunisian...

    Saied said that the foreign diktats of IMF will lead to more poverty which is unacceptable.

    Saied's government reached an agreement in principle in mid-October for a nearly $2 billion package from the IMF.

  • Iran and Saudi Arabia: From proxy wars to partnership

    The two regional powers have cut ties twice since the 1987 crackdown on protesting Iranian pilgrims in Makkah. They have...

    From 2011 on, Iran and Saudi back opposing sides in Syria's civil war and in the Yemen conflict.

    In October 2017, Saudi Arabia backed US President Donald Trump after he walks out on Iran nuclear deal.

  • Rockets from Lebanon target Israel after Al-Aqsa clashes

    A barrage of rockets fired from Lebanon targeted Israel, a day after clashes between Israeli police and Palestinians inside Islam's...

    Israeli Prime Minister Benjamin Netanyahu was "receiving continuous updates about the security situation.

    Warning sirens sounded in the town of Shlomi and in Moshav Betzet and the Galilee in northern Israel, the army said.