Search Site

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.
  • New mechanisms to boost international cooperation in a multipower world, says WEF President Klaus Schwab

    Regarding structural transformations to be witnessed in various vital economic sectors, Schwab says there will be about 10 billion people...

    There is an urgency to develop new mechanisms that strengthen international cooperation in today’s multipower world, says WEF chief Klaus Schwab

    Technological transformation and the Fourth Industrial Revolution will impact the world for years to come, adds Schwab while speaking at WGS 23

  • UAE pledges $50 million more in assistance for quake-hit Syria

    Emirati President Sheikh Mohamed bin Zayed Al Nahyan "has ordered the provision of an additional US$50 million as relief aid...

    The announcement came more than nine days after the 7.8-magnitude quake struck Syria and Turkey.

    It also followed an appeal by the United Nations on Tuesday for $397 million to help earthquake victims.

  • War-scarred Syrian children orphaned by quake

    Last week's quake has affected more than seven million children, including 2.5 million in Syria alone, according to James Elder...

    Hanaa, an eight-year-old girl, keeps asking for news of her family, unaware she is the sole survivor among her immediate relatives.

    Disaster has piled more misery on Syrian children who have only witnessed tragedy in their lives because of the war that broke out more than a decade ago.

  • Saudi Binladin Group fined $5.33m in Makkah crane crash

    Dubai, UAE---A court in Makkah has fined Saudi Binladin Group SR20 million ($5.33 million) after the Group was convicted of...

    A total of 111 people were killed and 394 others injured in the crane crash on Sept 11, 2015 during the Haram expansion project.

    The court found seven defendants guilty of negligence and violation of safety rules, the reports said, adding three of the defendants were sentenced to six months in prison.

  • COP28 host UAE vows ‘inclusive roadmap’ for climate talks

    Rights group Amnesty International has said Sultan Al Jaber is "unfit" for the COP28 presidency, being the CEO of state-owned...

    Al Jaber told a summit event that as "president, I will lay out a roadmap for COP28 that is inclusive, results-oriented and... very far from business as usual".

    Al Jaber, 49, is also the UAE's minister of industry and advanced technology and head of a leading renewable energy firm. He is the first CEO to lead the summit.

  • First UN team since quake crosses into rebel-held Syria

    The first UN delegation to visit rebel-held northwestern Syria since last week's earthquake crossed over from Turkey, AFP reported, as...

    The UN team visited a WFP centre in Syria's Sarmada, near the Turkish border.

    They held a 40-minute meeting with officials at the Bab al-Hawa crossing - the only transit point on the Turkish border for UN aid deliveries to rebel-held areas.

  • Turkey-Syria quake affects more than 7 million children: UN

    "In Turkey, the total number of children living in the 10 provinces hit by the two earthquakes was 4.6 million...

    He spoke as rescue teams began winding down the search for survivors from the disastrous quake that has left more than 35,000 dead in the two countries.

    "Unicef fears many thousands of children have been killed," Elder said, warning that "even without verified numbers, it is tragically clear that numbers will continue grow."

  • Syria’s Assad urges UN for help rebuilding after quake

    After more than a decade of war, Assad's government remains a pariah in the West, complicating international efforts to assist...

    United Nations relief chief told reporters in Aleppo that the UN was looking to raise money for the organizations helping Syrians cope with the earthquake

    Up to 5.3 million people in Syria may have been made homeless by the devastating earthquake which rocked the region, according to the UN

  • Sudan sends plane with 30 tons of aid to quake-hit Syria

    The supplies sent to Damascus, containing "30 tons of food, medical supplies, blankets and other materials", followed a similar delivery...

    Abdel Fattah al-Burhan, who seized power in a 2021 military coup, called Assad "to offer condolences" after the 7.8-magnitude tremor on February 6

    On Sunday, Emirati Foreign Minister Sheikh Abdullah bin Zayed Al-Nahyan visited Assad in Damascus after the UAE pledged tens of millions of dollars in aid

  • Iran’s President Raisi arrives in China to boost economic ties

    Raisi is expected to hold private talks with his Chinese counterpart President Xi Jinping in the capital Beijing, with the...

    According to Iran's state news agency, Ebrahim Raisi will take part in meetings with Chinese businessmen and Iranians living in the country

    China's foreign ministry spokesman Wang Wenbin said Raisi will also meet Premier Li Keqiang and top Chinese legislator Li Zhanshu