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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.
  • Netanyahu will safeguard ties with UAE, KSA despite pressure from far-right allies: Israel’s ex-minister

    However, economic and people-to-people ties between Israel and its Abraham Accords partners will be affected due to the hard right...

    However, economic and people-to-people ties between Israel and its Abraham Accords partners will be affected due to the hard right nature of Israel’s coalition, says Esawi Frej

    Netanyahu’s trumpeting of a possible Israeli breakthrough with Saudi Arabia is unfounded, adds Israel’s former minister for regional cooperation

  • Iran denies enriching uranium above 60 percent

    Iran denied reports it has enriched uranium up to 84 percent, just below the 90 percent needed to produce an...

    The IAEA is "giving Iran the opportunity to explain because it's apparently possible that there can be so-called 'spikes' of higher levels of enrichment".

    Uranium enriched up to 90 percent purity is considered nuclear weapons-grade.

  • Algeria allocates $1 billion for development projects in Africa

    The decision of the Algerian President was announced in a speech read by Prime Minister Aimene Benabderrahmane at the annual...

    Tebboune said the agency's approach was based on Algeria's conviction that "security and stability in Africa are linked to development

    Algerian Agency of International Cooperation for Solidarity and Development would coordinate with African nations seeking to benefit from the initiative

  • G42 signs on as strategic partner for IDC at NAVDEX 2023

    Abu Dhabi, UAE--G42 and its subsidiaries Bayanat, Presight.AI and G42 Cloud have announced their participation as a strategic partner at...

    The conference will serve as a global platform for decision-makers and the defence sector to highlight technologies and challenges

    This year will mark the 30th anniversary of IDEX and the 12th anniversary of NAVDEX, where the exhibitions will form the biggest events of their kind in the region

  • IAEA in talks with Iran after reported nuclear step-up

    Iran was last known to enrich up to 60 percent, while a 90-percent threshold is required for use in a...

    IAEA said that it was discussing with Iran the results of recent agency verification activities and will inform the IAEA Board of Governors as appropriate

    Iran started stepping up its nuclear activities in 2019, a year after the US under then president Donald Trump pulled out of the landmark deal and reinstated sanctions

  • Israel’s observer status at the bloc suspended: African Union

    Addis Ababa, Ethiopia--The African Union said Sunday that Israel's observer status at the bloc was suspended and therefore it had...

    Israel accused Iran of orchestrating the expulsion of the diplomat from the AU summit's opening day on Saturday with help from Algeria and South Africa

    Video circulating on social media showed guards escorting the Israeli foreign ministry's deputy director general for Africa, Sharon Bar-li, out of the AU assembly hall

  • Saudi meet stresses carbon capture vital for net-zero goals

    Riyadh, Saudi Arabia – Net-zero goal cannot be achieved without carbon capture and there is a need to scale up...

    The King Abdullah Petroleum Studies and Research Center held a high-level roundtable on Carbon Management Technologies.

    In 2022, investment in the carbon capture utilization and storage hit $6.4 billion.

  • Blinken reaches Turkey to support quake-hit country

    US Secretary of State Antony Blinken arrived in Turkey to show support to the earthquake-hit country and NATO ally which...

    His visit comes after a 7.8-magnitude tremor hit southeastern Turkey and northern Syria killing nearly 45,000 people

    The top US diplomat arrived at Incirlik air base in southern Turkey through which the United States has shipped aid

  • Abu Dhabi delegation in Israel explores business opportunities

    ABU DHABI, UAE -  A delegation of 10 Abu Dhabi entities visited Israel from  February 12-16 to discuss business cooperation...

    The Abu Dhabi delegation participated in the 2023 OurCrowd Global Investor Summit in Israel.

    The delegation hosted the Abu Dhabi Pavilion showcasing business and investment opportunities in the emirate.

  • Turkey’s fragile economy reels from tremors of earthquake

    Turkey was already battling runaway inflation and relying on rich allies for funding to keep its economy afloat when a...

    The quake in Turkey has damaged energy facilities, infrastructure, transportation, irrigation and logistics, added Tamgac

    The UN's Food and Agriculture Organisation has warned of disruptions to basic food production in Turkey and Syria