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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.
  • Arab ministers condemn Israel ‘ban’ on planned West Bank visit to meet president Abbas

    The ministers condemned "Israel's decision to ban the delegation's visit to Ramallah (on Sunday) to meet with the president of...

    Ministers from Saudi Arabia, Egypt, Jordan and Bahrain had been expected to take part alongside the secretary-general of the Arab League

    Israel had announced late Friday that it would not cooperate, effectively blocking the visit as it controls the territory's borders and airspace

  • Saudi top diplomat says ‘at vanguard’ of efforts to rebuild Syria after 14 years of civil war

    On a visit to Riyadh earlier this month, US President Donald Trump said he would lift US sanctions on Syria,...

    Prince Faisal had landed in the Syrian capital earlier, alongside an economic delegation on a visit to discuss ways to support Syria's war-ravaged economy, authorities said

    Saudi Arabia has been one of the most important regional supporters of Syria's new authorities, who took over after ousting longtime ruler Bashar al-Assad in December

  • Macron says abandoning Gaza ‘will kill’ West’s credibility

    French President Emmanuel Macron said on Friday that abandoning war-torn Gaza to its fate and giving Israel a "free pass"...

    "If we abandon Gaza, if we consider there is a free pass for Israel, even if we do condemn terrorist attacks, we will kill our credibility," Macron told defence forum in Singapore

    European Commission chief Ursula von der Leyen on Tuesday denounced attacks in the past days on civilian infrastructure in Gaza as "abhorrent" and "disproportionate."

  • UN declares Gaza the hungriest place on earth, says entire population risks famine

    Negotiations to end nearly 20 months of war have so far failed to achieve a breakthrough, with Israel resuming operations...

    Negotiations to end nearly 20 months of war have so far failed to achieve a breakthrough, with Israel resuming operations in Gaza in March, ending a six-week truce

    Thousands of Palestinians rushed into a Gaza Humanitarian Foundation centre on Tuesday, as Israel implemented a new distribution system that bypasses the UN

  • Saudi foreign minister Prince Faisal bin Farhan to make rare West Bank visit

    Prince Faisal will head a delegation to Ramallah, the first such trip since Israel first occupied the Palestinian territory in...

    Prince Faisal's trip was announced as Israel vowed to build a "Jewish Israeli state" in the West Bank, after doubling down on plans to expand settlements there.

    Saudi Arabia sent a lower-level delegation to Ramallah in September 2023, its first since 1967, not long before Hamas's October 7 attack triggered the Gaza war.

  • No permit, no hajj: Saudi intensifies crackdown after heat deaths

    Riyadh, Saudi Arabia -- Saudi Arabia is ramping up a crackdown on unregistered worshippers at next week's hajj pilgrimage, a...

    Regular raids, drone surveillance and a barrage of text alerts are aimed at rooting out unauthorized visitors hoping to mingle among the crowds in and around Makkah.

    The simple message, "No hajj without a permit", is being blared out in a relentless campaign promoted nationwide at shopping centers, on billboards and across media platforms.

  • UAE orders all companies to monitor emissions in new climate law

    Under the new law, companies are required to report and reduce their emissions of the greenhouse gases that are responsible...

    "By institutionalizing emissions monitoring and climate adaptation, the UAE is setting a compelling example for countries across the region," she said.

    Public and private companies now have to regularly monitor emissions and take steps to reduce them, or risk fines of up to two million dirhams ($545,000).

  • Turkey says Ukraine, Russia want ceasefire ahead of possible talks

    NATO member Turkey, which has strove to maintain relations with both Kyiv and Moscow, has become a key mediator amid...

    NATO member Turkey, which has strove to maintain relations with both Kyiv and Moscow, has become a key mediator amid US President Donald Trump's push for a deal

    At negotiations in Istanbul on May 16, Ukraine said Russia threatened to accelerate its ground offensive into new regions and made a host of hardline demands

  • Islamic State claims first attack on new Syria forces since Assad fall: monitors

    The Islamic State (IS) group on Thursday claimed its first attack on Syria's new government forces since the fall of...

    In a statement picked up by SITE Intelligence Group, IS said it had planted an "explosive device" on a Syrian forces' vehicle in the southern province of Sweida.

    Reported attacks by the group in areas controlled by the Islamist-led government, which took power after Assad's ouster in December, have been scarce

  • Generative AI’s most prominent skeptic doubles down

    Vancouver, Canada -- Two and a half years since ChatGPT rocked the world, scientist and writer Gary Marcus still remains...

    Marcus's criticism centers on a fundamental belief: generative AI, the predictive technology that churns out seemingly human-level content, is too flawed to be transformative.

    The large language models (LLMs) that power these capabilities are inherently broken, he argues, and will never deliver on Silicon Valley's grand promises.