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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 participates in G20’s sustainable finance working group meeting for 2023

    ABU DHABI, UAE - The UAE recently participated in the first Sustainable Finance Working Group (SFWG) meeting within the G20...

    The meeting, held at Guwahati, India, sought to discuss and agree on the group’s main points for 2023 in line with the priorities of the Indian Presidency.

    G20 members, invited countries, sustainable finance working group country members, international organization like IMF also attended the meeting.

  • US, western allies slam Iran’s response to UN nuclear watchdog report

    Washington, United States--The United States issued a joint statement with France, the United Kingdom and Germany on Friday criticizing Iran's "inadequate"...

    The UN nuclear watchdog issued a warning to Tehran on Wednesday after it found that changes had been made without prior notification at the Fordo Fuel Enrichment Plant

    Iran said that an IAEA inspector had accidentally flagged the changes as being undeclared, and that the matter was later resolved

  • Hamas slams Sudan agreement to move ahead with Israel ties

    During the three-decade rule of Islamist general Omar al-Bashir, Sudan was one of the staunchest supporters of Hamas and other...

    Hamas called on the Sudanese leadership to backtrack on this decision that contradicts the interests of the brotherly people of Sudan and would only serve the Israeli agenda

    On Thursday, during the first visit to Khartoum by an Israeli foreign minister, the two governments agreed to move forward with the normalisation process agreed in January 2021

  • UAE, France foreign ministers discuss strategic partnership

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

    The UAE and French ministers discussed bilateral relations and available opportunities for expanding cooperation between the two countries.

    The two sides stressed their keenness to continue consultations and coordination on issues of mutual concern.

  • US, UAE officials discuss financial crimes

    ABU DHABI, UAE - The US Department of the Treasury’s Under Secretary for Terrorism and Financial Intelligence Brian Nelson led...

    Officials from both the countries reiterated their commitment to the continued dialogue between the two sides.

    They agreed to exchange respective experiences on efforts pertaining to Virtual Assets and Virtual Asset Providers (VASPs), supervisory efforts.

  • Saudi Arabia, France ink MoU on energy cooperation

    The MoU encourages cooperation between the two countries in the fields of electricity, renewable energy, energy efficiency, energy storage, smart...

    The MoU encourages cooperation between the two countries in the fields of electricity, renewable energy, energy efficiency, energy storage, smart grids

    It also promotes cooperation in digital transformation, localization of materials, products and services in the energy supply chain

  • Sudan, Israel agree to move forward with ‘normalisation’

    Sudan in January 2021 formally agreed to normalize relations with Israel in a quid pro quo for the United States...

    Sudan had for decades maintained a rigid anti-Israel stance under longtime autocratic president Omar al-Bashir, who was ousted in April 2019

    Israeli Foreign Minister said he expects relations to be formalized by the end of 2023, but not before Sudan appoints a civilian government

  • After Netanyahu talks, Macron warns of Iran nuclear ‘consequences’

    France agrees that "firmness" is needed in dealings with Iran, a diplomatic source told earlier, saying the nuclear program had...

    In a statement released after a dinner meeting with Nenyahu in the Elysee Palace, Macron warned that Tehran continuing with the atomic project "would inevitably have consequences"

    Israeli Prime Minister Benjamin Netanyahu's visit came after a weekend drone attack on a defense ministry facility in the Iranian city of Isfahan, which Tehran has blamed on Israel

  • In Morocco, Spain PM reinforces ties after crisis

    The visit comes less than a year after the Spanish leader drew a line under a year-long diplomatic crisis by...

    Around 20 deals were signed on Thursday to bolster Spanish investments in areas including renewable energy to education

    Both countries said they were progressing in preparations to open customs offices in Ceuta and Melilla, Spain's two North African enclaves

  • Iraq hopes talks can resolve hitches in US$10bn Total deal

    Iraq admitted it had differences with France's TotalEnergies over a US$10-billion contract, including over the distribution of investments, but expressed...

    The French energy giant had signed the US$10-billion contract with Iraq in September 2021.

    The partnership has struggled to materialize amid reported signs of discord between the two sides.