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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.
  • West Bank shooting injures Israeli as talks in Egypt seek ‘calm’

    The attack in Huwara came three weeks after the fatal shooting of two Israeli settlers, also in the same occupied...

    Officials from Egypt, Jordan and US attended the "extensive discussions on ways to de-escalate tensions between the Palestinians and Israelis" in Sharm al-Sheikh

    Sunday's talks took place as "a terrorist opened fire toward an Israeli vehicle" at a junction in Huwara town, who was later arrested, the Israeli army said in a statement

  • Egypt’s president meets Russian envoy in Cairo in sign of closer ties

    Renewing their commitment to "continuing to strengthen bilateral relations", Egyptian President Abdel Fattah al-Sisi met with a senior Russian delegation...

    The Russian delegation's visit came two days after the Hague-based International Criminal Court announced an arrest warrant for Putin on the war crimes

    Before the outbreak of war, which has entered its second year, 85 percent of Egypt's wheat imports were sourced from both Russia and Ukraine

  • Israel, Palestine seek ‘to restore calm’ in West Bank at Cairo meet

    Cairo, Egypt - Israeli and Palestinian officials were holding talks in Egypt on Sunday "to restore calm" after a surge in...

    Reportedly, the meeting aims at supporting talks between Israel and Palestine to stop unilateral actions and escalation in violence.

    The officials of Egypt, Jordan and the US were also present at the meeting alongside Israeli and Palestinian representatives.

  • Iran, Iraq sign border protection agreement

    BAGHDAD, IRAQ - Iran's top security official on Sunday signed a deal with Iraqi authorities for "protection" of their common border,...

    Ali Shamkhani, who heads Iran's Supreme National Security Council, inked the deal with his Iraqi counterpart Qassem al-Araji.

    Kurdish factions based in Iraq's mountainous north have in the past waged an armed insurrection against Iran.

  • Time for Syria to return to Arab fold, Sheikh Mohamed tells Assad

    Abu Dhabi, which normalized relations with Assad's government in 2018, has led aid efforts in the aftermath of the February...

    This is Bashar al-Assad's second trip to the UAE in successive years, and follows his visit to Oman in February.

    UAE has vowed to provide in excess of $100 million as aid to quake hit Syria, and gave thousands of tons materials in relief items.

  • Iran’s president welcomes invitation by Saudi king

    Iranian President Ebrahim Raisi has "welcomed" an invitation from Saudi Arabia's King Salman to visit the kingdom following the reconciliation...

    Riyadh cut relations after Iranian protesters attacked Saudi diplomatic missions in 2016 following the Saudi execution of Shiite cleric Nimr al-Nimr.

    The two regional heavyweights announced on March 11 a Chinese-brokered deal to restore ties nearly seven years after they were severed.

  • Former Qatar finance minister charged with bribery, money laundering, corruption

    DOHA, QATAR -  Qatari prosecutors have charged former finance minister Ali Sharif Al-Emadi with bribery, money laundering and a range of...

    Ali Sharif Al-Emadi who became finance minister and chairman of Qatar National Bank in 2013, has not been held in detention.

    Prosecutors said the investigation had been completed "by interrogating the accused, hearing witnesses, and examining the technical reports".

  • Kuwait nullifies 2022 elections, reinstates previous parliament

    The ruling was made due to discrepancies in the decree dissolving the previous parliament, the official KUNA news agency said....

    Many in the opposition had stayed out of elections in the past decade, over what they saw as alleged meddling in parliament by the executive authorities.

    Kuwait is the only Gulf Arab state with a fully elected parliament. One of the world's biggest oil exporters, it adopted a parliamentary system in 1962.

  • UAE, Serbia discuss cooperation in R&D, innovation

    BELGRADE, SERBIA - UAE Minister of State for Public Education and Advanced Technology  Sarah Al Amiri discussed cooperation in research...

    The UAE minister discussed ways to enhance cooperation between the two nations in her visit to Serbia.

    She also discussed ways and means to strengthen the education system and vocational schools.

  • China’s President Xi Jinping plays peacemaker on Russia visit

    Xi is pushing for a greater role for China on the global stage and rumours that he may soon hold...

    Announcing the trip Friday, foreign ministry spokesman Wang Wenbin said China would "play a constructive role in promoting peace talks"

    China last month published a 12-point position paper on the war in Ukraine, calling for dialogue and respect for all countries' territorial sovereignity