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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.
  • Abbas succession battle could ‘collapse’ Palestinian Authority

    The report says Abbas, who has been unwilling to designate a successor, has also "hollowed out or disabled the institutions...

    Abbas has repeatedly called off plans to hold presidential polls, as recently as 2021 when he scrapped scheduled elections citing Israel's refusal on allowing voting in Jerusalem

    The International Crisis Group report has named PA civil affairs minister Hussein al-Sheikh and PA intelligence chief Majid Faraj as possible successors of Abbas

  • Green energy investment tops $1 trillion, matches fossil fuels

    Despite the milestone, spending on energy transition technology must immediately triple to meet the target of net-zero emissions by 2050...

    This is up 31 percent on the previous year and marks the first time the investment total has been measured in trillions.

    China -- the world's biggest polluter -- was by far the largest investor in energy transition, with the United States a distant second.

  • Blinken meets Israeli, Palestinian leaders for peace

    US Secretary of State Antony Blinken met Israeli and Palestinian leaders on his Middle East tour aimed at curbing the...

    US Secretary of State Antony Blinken spoke of strengthening ties with the Palestinian Authority and the people of Palestine.

    The US official met with some emerging leaders and members of the Israeli civil society.

  • UAE President postpones visit to Pakistan due to ‘weather’

    During the visit, UAE President and Pakistan's Prime Minister were due to discuss areas of mutual cooperation between the UAE...

    During the visit, UAE President and Pakistan's Prime Minister were due to discuss areas of mutual cooperation between the UAE and Pakistan

    However, the PMO statement said today that the visit to the capital will now be rescheduled, adding that the new dates will be announced soon

  • Winter rains bring life back to Iraq’s drought-hit marshlands

    The relief of rainfall early this month was welcomed by the UN agency, which noted in a statement that in...

    A UNESCO World Heritage Site, the marshes were parched and dusty last summer by drought in the climate-stressed country and by reduced flow from the Tigris and Euphrates river

    In July, the UN Food and Agriculture Organization deplored the "unprecedented low water levels" in the marshes, highlighting "the disastrous impact" for more than 6,000 families

  • Syria bus attack leaves 15 police officers wounded

    More than 15 police personnel were wounded in an attack on a bus carrying them in the south of the...

    In 2011 the uprising against President Bashar al-Assad started from Daraa, but it returned to Damascus's control in 2018 under a reconciliation deal backed by Russia

    The Islamic State group, whose third leader was killed in Daraa in October, sometimes claims responsibility for attacks in the region

  • Abu Dhabi Global Market receives French delegation

    ABU DHABI, UAE - Abu Dhabi Global Market (ADGM) Monday received a French  delegation to strengthen bilateral relations through dialogues...

    ADGM is home to an increasing number of French companies including renowned anchor tenants such as BNP Paribas Group.

    Dialogues were exchanged through an open platform discussion along with closed-door sessions and roundtables.

  • Fight global warming without harming economic growth: COP28 chief

    The UAE is pushing the merits of carbon capture -- removing carbon dioxide as fuel is burned, or from the...

    Sultan Al Jaber, the UAE's special envoy for climate change and CEO of oil giant ADNOC, said the energy transition needed to make the planet "wealthier and healthier".

    The UAE, one of the world's biggest oil producers, argues that crude remains indispensable to the global economy and is needed to finance the energy transition.

  • Blinken in Tel Aviv to urge calm as violence escalates

    Washington's top diplomat arrived in Israel on the second leg of his Middle East tour, after meeting Egyptian President Abdel...

    Israel is reeling from an attack Friday that killed seven civilians in annexed east Jerusalem, a day after Israeli forces killed 10 Palestinians in the occupied West Bank.

    In the latest bloodshed, Israeli troops Monday killed a Palestinian driver in the West Bank, officials on both sides said.

  • ‘Israeli troops kill Palestinian driver as car speeds off’

    Israeli troops killed a Palestinian driver in West Bank, officials on both sides said, with the army saying the car...

    The Israeli army said that soldiers had "identified a suspicious vehicle" and "asked the driver to stop the vehicle in order to inspect it.

    The army said that the driver was taken from the car by Palestinian medics and "was later declared dead".