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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.
  • Lebanon paralysis grows as security chief retires without replacement

    Lebanon is navigating a devastating economic crisis that has plunged more than 80 percent of the population into poverty. Strikes...

    Former president Michel Aoun left office at the end of October, and sectarian leaders have been squabbling over a replacement ever since.

    During more than a decade in the job, Abbas Ibrahim had to tackle numerous thorny challenges including the Syrian war's spill-over into Lebanon.

  • UN House to open in Doha during least developed countries’ summit

    Doha, Qatar-- Qatar is preparing to inaugurate the UN House in Doha, on the sidelines of the fifth UN Conference...

    The house include offices for important international organizations, including the UN Children's Fund

    Since its accession to the UN, Qatar has been providing financial support to its affiliated bodies and entities

  • UN nuclear chief heads to Iran after near weapons-grade uranium find

    UN nuclear watchdog chief Rafael Grossi is expected in Tehran for discussions with officials after International Atomic Energy Agency inspectors...

    The IAEA chief's visit comes amid deadlock in negotiations on reviving the 2015 deal

    Iran last week said it had not made any attempt to enrich uranium beyond 60 percent purity

  • Palestinians form night vigil groups after Israeli settler attacks

    Tensions are high, especially after the nearby Palestinian town of Huwara came under attack by Israeli settlers on Sunday, hours after...

    Each night, the team gathers at Turmus Ayya in the north of the West Bank, ready to raise the alarm in the event of a raid by Israeli settlers.

    The team first formed last year after tensions with the settlers rose following a clash, but they increased patrols after attacks this year.

  • Renewables help offset rise in coal emissions in 2022, IEA says

    "The impacts of the energy crisis didn't result in the major increase in global emissions that was initially feared –-...

    "Without clean energy, the growth in CO2 emissions would have been nearly three times as high," he added.

    The IEA noted that CO2 emissions grew the fastest from oil, at 2.5 percent, but still remain below pre-pandemic levels.

  • UAE’s FNC highlights role of parliaments in addressing climate change

    RABAT, MOROCCO - UAE's Federal National Council (FNC) highlighted the critical role of parliaments in addressing the repercussions of climate...

    The FNC stressed on the need to strengthen the economic, social and environmental cooperation between countries.

    The UAE’s clean energy production capacity is expected to reach 14 gigawatts by 2030.

  • More interest rate hikes may be needed, says ECB’s Lagarde

    FRANKFURT, GERMANY - More interest rate increases may be needed beyond the one coming later this month, European Central Bank president...

    The ECB has lifted rates at an unprecedented pace in recent months to cool inflation.

    ECB president said the pace of future hikes was "impossible" to predict and would be decided by the economic data available at the time.

  • UAE, Bahrain explore ways to boost collaboration in infrastructure, transport

    ABU DHABI, UAE - UAE Minister of Energy and Infrastructure (MoEI)  Suhail bin Mohammed Al Mazrouei Thursday had a meeting...

    Bahrain’s Minister applauded the advanced processes at UAE Ministry of Energy and Infrastructure , particularly the AI-enabled systems for planning new infrastructure projects.

    The Bahrain’s Minister and his delegation toured the Road Control Center that was recently established at the ministry’s Sharjah offices.

  • US Secretary of Defense to visit Middle East to rally allies amid Iran threat

    Pentagon Press Secretary Brig. Gen. Pat Ryder said the trip would "reaffirm the enduring US commitment to the Middle East...

    Pentagon Press Secretary Brig. Gen. Pat Ryder said the trip would "reaffirm the enduring US commitment to the Middle East region."

    Ryder said talks would also focus on ways to work closely to increase regional security and stability and deter potential threats

  • Israel police clash with protestors marching against judicial reform

    Demonstrators in Tel Aviv blocked some streets, and police employed stun grenades, water cannon and officers on horseback in a...

    The rally in Tel Aviv came as lawmakers in Jerusalem passed in preliminary reading a bill limiting the chances of a prime minister being impeached

    The judicial reform, announced in January, includes measures that critics argue are intended to hand politicians more power at the expense of the judiciary