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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.
  • UAE mulls ‘options’ on Russian bank hit by new US sanctions

    MTS Bank, approved for its licence last year, was one of more than 200 entities and individuals targeted by the...

    The UAE, particularly its financial hub Dubai, has attracted large numbers of Russian professionals and businesspeople fleeing the impact of Western sanctions.

    Russian air passenger traffic to Dubai more than doubled last year to 1.9 million, Dubai Airports CEO Paul Griffiths told AFP this week.

  • Israeli government approves 2023-2024 budget

    Israel's government approved the 2023-2024 budget against the backdrop of economic uncertainty linked to controversial judicial reforms advanced by the...

    Netanyahu's coalition government pushed on in parliament this week with its judicial reforms, which it says are designed to limit overreach.

    Parliament must still vote to adopt the fiscal measures.

  • UAE, Algerian ministers discuss enhancing bilateral cooperation

    ABU DHABI, UAE -   UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Algerian...

    UAE, Algerian ministers reviewed ways to advance cooperation in areas that contribute to sustainable economic growth.

    The two ministers discussed UAE's hosting of the 28th session of the Conference of the Parties (COP 28) this year.

  • Netanyahu hails Oman’s opening of airspace to Israeli planes

    On Twitter, the Omani Civil Aviation Authority affirmed that "the Sultanate's airspace is open for all carriers that meet the...

    Israeli Foreign Minister Eli Cohen in a statement hailed the historic decision that will shorten flight time to Asia

    The US also welcomed Oman's move, saying it completed the "process" begun last year with Saudi Arabia's decision

  • EU eases Syria sanctions to speed up quake aid

    The EU measure will last for six months and was taken "in view of the gravity of the humanitarian crisis...

    Aid organizations will no longer need to seek permission from EU member state governments before sending supplies to sanctioned entities in Syria

    EU pointed out that it and its member states have contributed a total of $26 billion to Syria and to refugee-hosting neighbors such as Turkey since 2011

  • Tunisian president seeks to reassure ‘legal’ migrants

    On Wednesday, Tunisian rights groups accused the president of hate speech after he said a day earlier that "hordes" of...

    Saied called on state officials to "look after our brothers from sub-Saharan Africa who are in a legal situation", according to a video published on the official presidency website

    A statement from his office, decrying "a criminal plot... to change Tunisia's demographic make-up" without citing any evidence, has sparked an outcry online

  • Russia to deploy Sarmat intercontinental ballistic missile in 2023: Putin

    Moscow, Russia - Russian President Vladimir Putin said Thursday the new Sarmat intercontinental ballistic missile will be deployed this year following...

    The Sarmat -- dubbed Satan 2 by Western analysts -- is capable of carrying multiple nuclear warheads.

    Putin has said the heavy Sarmat missile can hit any target on Earth and will make the Kremlin's enemies "think twice".

  • G7 mulls more sanctions on Russia ahead of invasion anniversary

    A senior US official said last week that the United States and its G7 allies planned to unveil "a big...

    The measures imposed have so far succeeded in practically halving Russia's oil revenues, French Finance Minister Bruno Le Maire said.

    They have "totally disorganized value chains in Russia, notably in industries as strategic as aeronautics and automobiles", he added.

  • European Commission bars TikTok use by staff over data protection

    The ban also means European Commission staff cannot use the Chinese-owned video-sharing app on personal devices including phones that have...

    TikTok, whose parent company ByteDance is Chinese, has faced increasing Western scrutiny in recent months.

    Last month, the Dutch government reportedly advised public officials to steer clear of the app over similar concerns.

  • Renewables investments record high in 2022, but need massive increase

    A report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI), said although global investment in renewable...

    The report emphasizes how lending to developing countries looking to deploy renewables must be r highlights the need for public financing to play a much stronger role.

    Achieving an energy transition in line with the 1.5°C Scenario also requires the redirection of $0.7 trillion per year from fossil fuels to energy-transition related technologies.