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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.
  • Artists close ranks in order to fight AI programs that copy their styles

    Fury erupted in the art community last year with the release of generative artificial intelligence (AI) programs that can convincingly...

    In January, artists Andersen and Ortiz filed a class-action lawsuit against DreamUp, Midjourney and Stable Diffusion, for copying their art works

    Prompted by artists, a team at the University of Chicago last week launched their "Glaze" software to help protect original works

  • Saudi, Iranian FMs vow to meet before Ramadan ends

    The proposed meeting between Saudi Prince Faisal bin Farhan and Iranian Foreign Minister Hossein Amir-Abdollahian aims to implement a reconciliation...

    The proposed meeting between Saudi Prince Faisal bin Farhan and Iranian Foreign Minister Hossein Amir-Abdollahian aims to implement a reconciliation deal brokered by China

    Exact date or location of the meeting between the two leaders, who held their second phone call in less than a week and discussed 'a number of common issues', hasn't been finalized

  • Lebanese squabble over decision to push daylight savings

    Beirut, Lebanon - A last-minute decision in Lebanon to delay daylight savings by a month has been met with opposition from...

    The caretaker government announced on Thursday its decision to delay rolling clocks forward until April 20, instead of the last week of March.

    Lebanon's powerful Maronite Church said it would not abide by the government decision which had been taken "without consultations".

  • Tunisia recovers 29 bodies after three migrant vessels capsize

    Several shipwrecks have left dozens of migrants dead in the country that serves as a key conduit for migrants seeking...

    The coastguard "rescued 11 illegal migrants of various African nationalities after their boats sank" off the central eastern coast, citing three separate sinkings.

    Since Saied's speech, hundreds of migrants have been repatriated in flights organized by their embassies, but many say they fear going home.

  • Iraq’s Kurdistan announces November vote after delay

    ARBIL, IRAQ - Authorities in Iraq's autonomous Kurdistan region announced on Sunday a November date for legislative elections which had been...

    Kurdistan Democratic Party controls the regional government in Arbil and has 45 seats in the current assembly.

    The regional parliament votes on legislation in the autonomous territory, approves Kurdistan government appointments.

  • GCC letter seeks US response to Israeli Palestinian comments

    The letter from the six-member GCC's foreign ministers also called on the United States "to play its role in reaching...

    The US State Department said they had found Smotrich's comments "to not only be inaccurate but also deeply concerning and dangerous."

    Violence has intensified in the West Bank in recent months, which Israel has occupied since the Six-Day War of 1967.

  • UAE urges investment, action for water sustainability at UN meet

    DUBAI, UAE – UAE Minister of Climate Change and Environment Mariam bint Mohammed Almheiri emphasized the importance of collaboration, data...

    The UAE is on track to reduce total water consumption of its food sector by over 15 percent despite doubling production by 2030.

    The UAE’s national plan - the Water Security Strategy 2036 - ensures that programs are implemented on the supply and demand side.

  • IMF chief: another ‘challenging year’ ahead, risks to financial stability up

    Even with a better outlook for 2024, global growth will remain well below its historic average of 3.8 percent, she...

    Policymakers have acted decisively in response to financial stability risks, and advanced economy central banks have enhanced the provision of U.S. dollar liquidity, she said.

    IMF research shows that productivity-enhancing reforms in China could lift real GDP by as much as 2.5 percent by 2027, and by around 18 percent by 2037.

  • Israeli defence minister calls for pause to reforms as protests continue

    The latest demonstration to hit Israel's commercial hub came days after Prime Minister Benjamin Netanyahu vowed to press on with...

    Galant called for the halt before lawmakers are due to vote next week on a central part of the government's proposals, which would change the way judges are appointed

    Demonstrations erupted in January after the coalition announced its reform package, which the government says is necessary to rebalance powers between lawmakers and the judiciary

  • Russia to deploy tactical nuclear weapons in Belarus: Putin

    Moscow, Russia--Russian President Vladimir Putin said Saturday he would deploy tactical nuclear weapons in neighbour and ally Belarus, bringing the arms...

    The Russian president has openly spoken about using nuclear weapons in Ukraine if Russia were threatened

    Voicing fears that Russia could use nuclear weapons if it feels defeat coming on the battlefield, the US officials have warned Russia against the use