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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.
  • UN urges ‘immediate ceasefire’ in Syria to help quake aid

    The call came as rescue workers continued their search for survivors in the rubble of the 7.8 magnitude quake that...

    At the session, the council will hear from UN Under-Secretary-General for Humanitarian Affairs Martin Griffiths, who is to visit Turkey and Syria this weekend

    The rebel-held areas of Syria near Turkey's border are in a particularly dire situation since they cannot receive aid from government-held parts of Syria

  • UN estimates 5.3 million people in Syria homeless after quake

    The earthquake is estimated to have made some 5.3 million people in Syria homeless, which rocked the region this week,...

    Nearly 23,000 people have died across Turkey and Syria because of the quake, one of the worst disasters to hit the region

    The quake killed more than 3,300 in Syria, according to health ministry figures and a rescue group

  • IEA calls special meeting as gas crisis ‘not over’

    IEA Executive Director Fatih Birol said the measures taken following Russia's invasion of Ukraine helped European nations whether Russia cutting...

    The meeting, to be held on Wednesday by video conference, is the first such special IEA ministerial meeting recent history

    It will also include ministers from several non-IEA member nations and will look at the global repercussions of the cuts to European gas supplies

  • Iranians celebrate 44th anniversary of Islamic revolution

    this year, many flag-waving people travelled on foot to converge on the capital's iconic Azadi (Freedom) Square, despite chilly temperatures....

    State television said the celebrations were held in 1,400 cities and towns across the country, airing footage of large rallies in Isfahan, Mashhad, Shiraz, and Tabriz

    For the past two years, the 1979 overthrow of the Western-backed Shah was commemorated mainly in vehicles and on motorcycles due to Covid restrictions

  • UAE and Japan to boost collaboration in skill development

    The two sides reaffirmed their keenness to advance bilateral cooperation in the fields of human resources and skill development.

    The two sides reaffirmed their keenness to advance bilateral cooperation in the fields of human resources.

    The meeting also reviewed the legislation and procedures regulating the UAE labor market.

  • Children found alive as Turkey-Syria quake toll tops 22,000

    In the Turkish city of Kahramanmaras, one of those hit hardest, the stench of death clung to the air. But...

    In the 105th hour, rescuers pulled 18-month-old Yusuf Huseyin from the debris in the southeastern city of Antakya.

    UN Secretary-General Antonio Guterres urged the Security Council to authorize the opening of new cross-border humanitarian aid points between Turkey and Syria.

  • Russia to slash oil output by 5% over Western price cap

    Russia is part of an alliance with OPEC that meets regularly to decide on oil output levels. As a result...

    The international benchmark, Brent North Sea crude, leapt 2.3 percent to $86.48 per barrel. New York contract WTI soared 2.5 percent to $80.01.

    "Russia will voluntarily reduce production by 500,000 barrels per day in March. This will help restore market relations," Deputy PM Alexander Novak said.

  • World Bank to provide Turkey $1.78 bn for recovery after quake

    The 7.8-magnitude quake struck as people slept early Monday, with Turkish officials saying that over 70,000 people have been injured...

    Immediate assistance of $780 million will be offered via Contingent Emergency Response Components from two existing projects in Turkey

    An added $1 billion in operations is being prepared to support people affected amid recovery and reconstruction from the catastrophe

  • Hopes of finding survivors fade as Turkey-Syria quake toll nears 20,000

    Bitter cold has hampered the four-day search of thousands of flattened buildings and threatened the lives of many quake victims...

    Chances of finding survivors have dimmed now that the 72-hour mark that experts consider the most likely period to save lives has passed.

    Despite the dimming hopes for rescues, thousands of local and foreign searchers have not given up in the hunt for more survivors.

  • European Union leaders offer ‘full solidarity’, aid to Erdogan

    Brussels, Belgium--The 27 EU leaders wrote to their Turkish counterpart President Recep Tayyip Erdogan on Thursday to express their "full...

    The leaders sent their message at the start of their Brussels summit. A video call with Erdogan was contemplated but it was not clear if this would be possible.

    Many countries around the world, including EU members, have sent emergency teams and aid, and Europe is keen to do more, fearing a new wave of refugees from the region.