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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.
  • Tunisia’s interior minister, and close aide of president, resigns

    Taoufik Charfeddine, a close aide of Tunisia's President and the country's interior minister, has announced his resignation in order to...

    Charfeddine, a former lawyer, was a key figure in the election campaign that propelled the previously little known Saied to the presidency in 2019

    When Saied mounted his power grab and ordered a wave of arrests, Charfeddine held news conferences to defend the incarceration of opposition politicians

  • Abu Dhabi-Japan Economic Council reviews growth in bilateral trade and investments

    TOKYO, JAPAN - The ninth session of the Abu Dhabi-Japan Economic Council (ADJEC) here has reaffirmed its commitment to further...

    In 2022, the bilateral trade between the UAE and Japan rose 57.5 percent to exceed US$54 billion.

    UAE exports to Japan grew 69.7 percent to US$45.9 billion compared to US$27 billion in 2021.

  • UAE, Georgia sign Comprehensive Economic Partnership Agreement

    The UAE and Georgia signed a joint statement confirming the successful conclusion of negotiations towards the UAE-Georgia Comprehensive Economic Partnership...

    Comprehensive Economic Partnership Agreement (CEPA) signing took place in Georgia’s capital Tblisi during a UAE delegation's visit to the country.

    The free trade agreement or CEPA will lay the foundation for deeper, stronger and more integrated economic relations between the UAE and Georgia.

  • Lebanon central bank chief denies financial misconduct

    Lebanese central bank governor Riad Salameh maintained his innocence following a second day of questioning before European investigators in Beirut...

    Following a three-hour session, Salameh released a statement saying he appeared as a witness and "not as a suspect or facing charges".

    The European investigators are looking into allegations of financial misconduct, including possible money laundering and embezzlement.

  • Turkey’s foreign minister to visit Egypt as relations ‘return to normal’

    It follows a visit last month by Egypt's Foreign Minister Sameh Shoukry to Turkey in a show of solidarity after...

    At the time, Turkey's President Recep Tayyip Erdogan said he would "never" speak to "anyone" like Egyptian President Abdel Fattah al-Sisi.

    But in November, Sisi and Erdogan shook hands in Qatar, in what the Egyptian presidency heralded as a new beginning in their ties.

  • UNSC unanimously adopts UAE, Japan resolutions on Afghanistan

    NEW YORK, US - The United Nations Security Council Friday unanimously adopted two resolutions tabled by the UAE and Japan...

    The first resolution will extend the mandate of the United Nations Assistance Mission in Afghanistan for an additional 12 months.

    The second resolution requests that an independent assessment be carried out regarding the international approach to Afghanistan.

  • Xi Jinping to visit Russia next week, will discuss ‘strategic cooperation’

    The two leaders "will discuss deepening the exhaustive partnership and strategic cooperation between Russia and China", including on the international...

    Xi last visited Russia in 2019, though Putin attended the opening ceremony of the Winter Olympics in Beijing last year

    The pair will talk about "strategic cooperation", according to a near-simultaneous statement from the Kremlin

  • Iran-US nuclear talks dead for now, says acclaimed scholar

    The degree of anger and sympathy for the protesters, particularly among the American and European public, makes it near impossible...

    Iran’s relations with the Arab countries are better than they were a year or two ago

    Unsure of the US help, Gulf states are following their own strategy on managing danger in their region

  • Two decades after US invasion of Iraq, Senate votes to end war authorization

    Since the beginning of his administration in 2021, President Joe Biden has urged Congress to revoke the 1991 and 2002...

    In a procedural vote that came over a decade after the war's official end, senators from both parties strongly supported cancelling the 2002 Authorization for Use of Military Force

    The same bill also revokes 1991 Authorization for Use of Military Force that empowered Bush's father president George HW Bush to attack Iraq after Saddam's forces invaded Kuwait

  • Israelis protesters return to streets as Netanyahu rejects reforms compromise

    Demonstrators gathered in Jerusalem and the northern city of Haifa to denounce the overhaul that would, among other things, allow...

    President Isaac Herzog presented a proposed compromise on the reforms, but the government immediately rejected it

    Leaders of opposition parties said in a joint news conference on Thursday they supported Herzog's outline