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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.
  • Egyptian President al-Sisi meets Saudi Crown Prince amid quest for financial aid

    CAIRO, EGYPT - Egyptian President Abdel Fattah al-Sisi met Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz...

    Both Egypt and Saudi Arabia possess significant influence within the Arab, Islamic, and international spheres.

    The similarity between Egyptian and Saudi policies leads to alignment on several global, Arab, and Islamic issues.

  • Trump’s lawyers denounce indictment as ‘political persecution’

    On Sunday, his attorney Joe Tacopina bluntly dismissed the anticipated charges -- related to a hush-money payment to an adult...

    Trump is due to be arraigned at a Manhattan courthouse on Tuesday, the first time a president or former president faces criminal charges.

    The indictment is still under seal, and the circumstances of Donald Trump's appearance in New York remain unclear.

  • Israeli government approves formation of a national guard

    The Israeli government approved a decision to form a national guard, officials said, which opponents warn would function as a...

    The national guard will comprise 1,800 members who will "bring back personal security" to Israelis, said a government statement.

    More details about the guard's goals and authority will be issued by a committee within two months, the statement added.

  • Innovation key to solving Gulf water woes

    Improved farming techniques, better desalination technologies, awareness campaigns and global cooperation can mitigate the regions problems caused by water scarcity.

    World Economic Forum says the Middle East and North Africa is one of the most water-scarce regions in the world.

    For years, the water crisis has exacerbated conflict and political tensions, while UNICEF says 90% of children in the region live in water stress areas.

  • Miami to host next edition of Global Priority Summit in 2024

    According to FII CEO Richard Attias, the report on the Global Priority Summit will be ready by October 2023, and...

    The summit emphasized the significance of motivation and collaborative efforts as crucial factors for the achievement of Saudi Arabia's Vision 2030

    The FII CEO Richard Attias noted that what made the global conversation at the Miami Summit remarkable was that all speakers mentioned Saudi Arabia as a standard model

  • Dutch refinery looks to boost production of sustainable aviation fuel

    Sustainable aviation fuels are being made from different sources such as municipal waste, leftovers from the agricultural and forestry industry,...

    EU plans to impose the use of a minimum amount of sustainable aviation fuel by airlines, rising from two percent in 2025 to six percent in 2030 and at least 63 percent in 2050

    Neste's Lehmus said there was a great need to mature the technologies to make sustainable aviation fuel from diverse sources such as algae, nitrocellulose and synthetic fuels

  • Israeli air strike near Homs injures five Syrian soldiers

    The Syrian Observatory for Human Rights, a Britain-based war monitor, said the strikes targeted several military positions of Syrian government...

    According to the agency, the attack was Israel's third in recent days after Damascus was targeted on the nights of March 30 and 31

    The country's air defence intercepted several missiles, but five soldiers were wounded and some material damage was reported, the source added

  • Ukraine terms Russia UN presidency a ‘slap in the face’

    Kyiv, Ukraine--Ukraine on Saturday branded Russia's presidency of the UN Security Council for the month of April "a slap in the...

    As part of its monthly rotation between the Security Council's 15 member states, Russia takes on the presidency with ties with the West embittered by its invasion of Ukraine

    Ukraine's foreign minister described Russia's tenure as a "slap in the face to the international community" and called on UNSC members to stop Russia from abusing its presidency

  • WTO 2023 to put spotlight on trade role in sustainable future

    GENEVA, SWITZERLAND - The WTO’s annual Public Forum 2023 will focus this year on how trade can contribute to a...

    The Forum will examine in particular how the services sector, digitalization and inclusive trade policies can support global environmental goals.

    Sessions at the Public Forum are organized by representatives from civil society, academia, business, government and international organizations.

  • Man killed by police in old Jerusalem, says Israel

    Israeli police said they shot dead an Arab Israeli who grabbed a gun from an officer and fired it in...

    The attack occurred hours after thousands of Palestinians had packed the Al-Aqsa mosque compound.

    Since the beginning of 2023, violence between Israel and Palestinians have increased rapidly.