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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.
  • European Union deal to nearly double renewable energy by 2030

    The provisional political agreement, which was reached after nightlong negotiations between the EU parliament and states, seeks to raise the...

    The move also comes as the EU has sought to slash its dependence on Russian fossil fuels after Moscow cut gas supplies last year.

    The figure is a compromise between the 45 percent share for renewables that was sought by EU lawmakers and the European Commission.

  • Emirati, regional leaders wish new UAE VP, Abu Dhabi Crown Prince, deputy rulers success in their roles

    The decision of the UAE President Sheikh Mohamed bin Zayed Al Nahyan to name Tahnoun bin Zayed, who is the...

    Qatar's Emir Sheikh Tamim bin Hamad Al Thani was the first among regional leaders to congratulate the UAE President on the move

    The UAE leaders meanwhile, also appreciated the latest decisions of Sheikh Mohamed bin Zayed and congratulated the new appointees

  • UAE President names new Vice President and Crown Prince of Abu Dhabi

    The appointments signal a new phase in the UAE's leadership and its commitment to pursuing economic growth and development while...

    Sheikh Mohamed appointed Sheikh Mansour bin Zayed as Vice President and Sheikh Khaled bin Mohamed as Crown Prince of Abu Dhabi

    The president also named Sheikh Tahnoun bin Zayed and Sheikh Hazza bin Zayed as Deputy Rulers of Abu Dhabi

  • US unveils $1bn initiative for African women’s empowerment

    "Advancing the economic status of women and girls is not only a matter of human rights, justice, and fairness --...

    The initiative, launched by Harris, is a mix of US government funding and private sector commitments.

    It includes a $60 million fund for women in the digital economy and nearly $400 million from the private sector.

  • After Xi-brokered Iran deal, Saudi Arabia to join China led security bloc

    Riyadh's move to partner with the bloc comes less than three weeks after the unveiling of a landmark China-brokered reconciliation...

    The Shanghai Cooperation Organization was established in 2001 as a political, economic and security organization to rival Western institutions

    Besides China, its eight members include India, Pakistan and Russia, as well as four central Asian countries - Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan

  • Morocco finds it difficult to straddle Israel, Palestinians

    A case in point is the royal palace's reaction after the opposition Islamist Justice and Development Party (PJD) "deplored" the...

    The North African country normalised its ties with Israel in December 2020, part of a series of deals known as the Abraham Accords

    In exchange, Rabat won a key concession from Washington: recognition of its sovereignty over the disputed Western Sahara

  • Nearly 40 migrants dead in Mexico detention center fire

    A fire believed to have been started by migrants protesting against their deportation killed at least 38 people at a...

    The migrants were believed to have lit the fire as a demonstration because they feared they would be deported, President Andres Manuel Lopez Obrador said

    At least 38 immigrants were killed and 28 were injured, according to the INM, which said the center housed 68 adult males from Central and South America

  • Norway repatriating from Syria sisters who went to support IS in 2013

    The two sisters of Somali origin clandestinely left Norway for Syria in late 2013, aged 16 and 19, to join...

    The two sisters, now aged 29 and 25, are between them mothers to three daughters born from partnerships with IS fighters, according to Norwegian paper

    Kurdish administration in northeastern Syria said that two women and three children from Islamic State families were handed over to a Norwegian diplomat

  • Biden warns Israel on judicial reforms, wants controversial law to be dropped

    Asked if Israel's democracy is at an inflection point -- a phrase Biden frequently uses to describe the danger facing...

    US president expressed concern over the situation in Israel, where Netanyahu has been accused of trampling democracy

    Biden said he was not considering inviting the Israeli leader to the White House, at least "not in the near term."

  • UAE launches National Genome Strategy for healthcare efficiency

    Genome programs will also help create new economic opportunities in the UAE by attracting partnerships in fields such as artificial...

    The strategy will also support doctors in taking proactive steps to reduce the prevalence of certain diseases, enable early intervention.

    UAE aims to collect one million whole genome sequencing data samples nationwide, said Sara bint Yousef Al Amiri, Secretary-General of the Emirates Genome Council.