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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.
  • ‘Global growth to fall below 3 percent in 2023’

    A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this...

    Global growth almost halved last year to 3.4 percent as the impact of Russia's invasion of Ukraine rippled through the world economy.

    Asia's emerging markets are expected to see substantial increases in economic output with India and China to account for half of all growth.

  • UN chief to Taliban: Revoke ban on world body’s women staff

    The Taliban authorities ordered all NGOs in December to stop employing Afghan women after receiving "serious complaints" that women employees...

    UN announced it had instructed all its Afghan staff, men and women, not to report to the office after the ban on its women staff was confirmed

    The Taliban authorities have imposed restrictions on Afghan women, including banning them from higher education and many government jobs

  • French, EU leaders to push China for active role in Ukraine peace process

    Beijing, China--French and EU leaders will on Thursday seek to make Europe's case for bringing an end to the conflict in...

    The visiting French President Emmanuel Macron said that China had a "major role" to play in finding a path to peace in Ukraine

    In a meeting with Chinese Premier Li Qiang, Macron highlighted the importance of dialogue between China and France

  • Iran, KSA agree to resume flights and bilateral visits

    Iranian Foreign Minister Hossein Amir-Abdollahian and his Saudi counterpart Prince Faisal bin Farhan have pledged to reopen diplomatic representations within...

    Iranian Foreign Minister Hossein Amir-Abdollahian and his Saudi counterpart Prince Faisal bin Farhan discussed steps towards reopening the embassies and consulates

    On March 10, Tehran and Riyadh announced the agreement to restore relations severed seven years ago when protesters in Iran attacked Saudi diplomatic missions

  • Turkey denounces storming of Al-Aqsa, terming it ‘our red line’

    Condemning the storming of Al-Aqsa mosque by Israeli forces and the beating of worshippers inside, Turkey's President Recep Tayyip Erdogan...

    Turkey's foreign minister said the attacks have "exceeded the limit" and normalization with Israel cannot be at the expense of Palestinian cause

    Israeli police stormed into the mosque's prayer hall before dawn and forcibly removed worshippers who were engaged in prayer

  • World’s largest online cybercrime site shut in police crackdown

    Genesis Market sold the identities of over two million people for as little as $0.70, allowing hackers to target bank...

    The website was based in Russia, according to the US Treasury, which said it had imposed sanctions against Genesis Market.

    Action against criminals took place in countries including Australia, Britain, Canada, the United States and more than 10 countries in Europe.

  • Iran welcomes US decision to spur peace process in Yemen

    TEHRAN, IRAN - Iran on Wednesday welcomed a US call to help end the long-running conflict in Yemen by backing a peace...

    Sunday marked the first anniversary of the UN-brokered truce between the Yemeni government and the Iran-backed rebels.

    UN Yemen envoy Hans Grundberg described it as a "moment of hope" as the truce was largely holding despite lapsing in October.

  • WTO sees 2023 global trade growth at 1.7 percent

    The World Trade Organization said 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed...

    The forecast was slightly better than feared last October, when the WTO projected 2023 trade growth would be as low as one percent.

    The organization's economists also estimated that real global GDP growth at market exchange rates would be 2.4 percent this year.

  • Iran names envoy to UAE after nearly eight-year absence

    Iran and the United Arab Emirates have long had close economic ties which continued even during the diplomatic chill. A...

    The move comes after Iran welcomed an Emirati ambassador last September ending a six-year absence

    The UAE had cut the level of its diplomatic representation after neighbouring Saudi Arabia severed ties in 2016

  • Iran working on key pipeline to supply gas to Oman

    Reza Noshadi, who heads the National Iranian Gas Company’s engineering subsidiary, said that Iran will be able to export gas...

    In June last year, Oman and Iran signed deals to develop two gas pipelines and an oil field along their maritime border

    Oman has close ties with Iran and played a mediating role between Tehran and Washington in the build-up to the nuclear deal in 2015