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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Curbs, vaccination drive help GCC minimize COVID-19 impact

Strict restrictions and intensive vaccination drive help the region deal with the pandemic Massive drop in global oil demand and...

2024 set to see new era of digital transformation

The GCC region is on the brink of a major tech revolution, led by advancements in AI, fintech, and sustainable...

Company News

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UAE, Saudi firms eye global acquisitions worth $20bn

Companies like ADNOC, Saudi sovereign fund, and Niu are making significant strides as the two Gulf countries seek to diversify...

Tech-driven sustainability focus of banks

Financial institutions in the Gulf region are also focusing on sustainable practices like renewable energy investments, reducing their carbon footprint,...

Resumption of Saudi-Iran relations: A step towards regional, economic stability or a strategic play?

The peace deal has ignited debates on its potential to transform Middle East from a region hit by conflicts to...

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Expo 2030: All eyes on Riyadh as it makes a big pitch

With ongoing mega-projects and economic diversification, Riyadh's strong Expo 2030 candidacy has already garnered support from 90 of 170 member...
  • With ongoing mega-projects and economic diversification, Riyadh's strong Expo 2030 candidacy has already garnered support from 90 of 170 member states
  • Aiming to surpass Expo 2020 Dubai's visitor count, the Kingdom anticipates more than 40 million on-site and a billion virtual Metaverse visits during the event

Saudi healthcare needs 175,000 professionals by 2030

The Kingdom is modernizing healthcare with national e-health initiatives, integrated plans for virtual and remote healthcare, and the implementation of...
  • The Kingdom is modernizing healthcare with national e-health initiatives, integrated plans for virtual and remote healthcare, and implementation of AI at service provider levels
  • The Saudi government is also investing in training and recruiting healthcare professionals, encouraging Saudi students to pursue medical and healthcare-related education

Gulf telecom shows robust growth, eyes new avenues

Driven by expats and national development programs, the UAE and Saudi Arabia are expected to experience growth in consumer and...
  • Driven by expats and national development programs, the UAE and Saudi Arabia are expected to experience growth in consumer and enterprise segments, say experts
  • Telecom operators in the region are diversifying into fintech, gaming, healthcare, cybersecurity, cloud, IoT, and emerging tech, driving digital transformations across sectors