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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.

Gaza ‘genocide’ exposes Europe’s failure to act: top EU official

"The genocide in Gaza exposes Europe's failure to act and speak with one voice," European Commission vice president Teresa Ribera...
  • The EU has struggled to take steps over the war in Gaza due to deep divisions between member states pushing for action against Israel and those backing the country.
  • The splits are also present inside the EU's executive, where Spanish commissioner Ribera has expressed frustration over the failure to push on the issue.

Italian fashion icon Giorgio Armani dead at 91

Rome, Italy -- Italian fashion legend Giorgio Armani, king of a high-end lifestyle empire, has died at the age of...
  • The Italian icon was credited with inventing red-carpet fashion, but also moved into a younger and less expensive range through Emporio Armani.
  • His death came just weeks ahead of celebrations marking 50 years of his eponymous label.

Turkey bans concert by French singer over support for Israel

Istanbul, Turkey - Turkish authorities Wednesday said they have banned a planned concert Friday in Istanbul by Enrico Macias after...
  • The Istanbul governorate said in a statement that it had wanted to prevent any demonstrations on the sidelines of the concert "against the genocide of the terrorist state Israel."
  • The 86-year-old singer told AFP that he has performed in Turkey for 60 years and is "deeply surprised and saddened not to be able to see my audience."

Israel security agency says foiled Hamas plot to kill far-right minister

srael's internal security service said on Wednesday it had foiled a plot by Palestinian militant group Hamas to kill far-right...
  • In a statement, the Shin Bet security service said the planned attack would have involved "explosive drones."
  • It said that members of a Hamas cell operating in the area of Hebron, in the occupied West Bank, had been arrested

With Kim, Putin at his side, Xi says world “faced with a choice of peace or war”

North Korean leader Kim Jong Un and Russia's Vladimir Putin flanked Xi Jinping at a massive parade of military might...
  • In unprecedented scenes, Xi shook hands with both leaders as they walked down a red carpet by Tiananmen Square, with Putin to his right and Kim to his left
  • The event, ostensibly to mark 80 years since the end of World War II, was a chance for Xi to showcase China's military prowess and bring together friendly leaders

Qatar ready to invest $21 bn in DR Congo: Kinshasa

Kinshasa, DR Congo -- Qatari investment firm Al Mansour Holding hopes to invest $21 billion in the Democratic Republic of...
  • Group founder and royal family member Sheikh Mansour bin Jabor bin Jassim Al Thani visited the DRC capital Kinshasa on Tuesday as part of an African tour.
  • The investment would be in various sectors, including agriculture, finance, mining, pharmaceuticals and hydrocarbons.

Global bond selloff spreads to Japan, gold hits record high

Wall Street stocks opened mostly higher, with shares in Google parent-company Alphabet shooting up nearly seven percent after winning a...
  • Yields on 30-year Japanese government bonds rose to an all-time high of 3.29 percent on Wednesday, while 20-year yields reached their highest since 1999.
  • The selloff in Japanese debt mirrors widespread moves in the United States and Europe, with investors spooked over substantial piles of government debt globally.

Israel expecting one million Gazans to flee new offensive, planning “humanitarian area” for them

The Israeli military has been gearing up to seize Gaza City, the Palestinian territory's largest urban centre, with the United...
  • Last month, Israel approved a major settlement project just east of Jerusalem that the international community has warned threatens the viability of future Palestinian statehood.
  • And on Wednesday, Israel's Finance Minister Bezalel Smotrich called for annexation of swathes of the West Bank, after Belgium said it would recognize a Palestine as a state.

Lost for 50 years, Nobel patents found in Swedish summer home

Stockholm, Sweden -- A dozen patents belonging to Swedish inventor and philanthropist Alfred Nobel and lost for almost 50 years...
  • Nobel -- who discovered dynamite in 1867 and created the Nobel Prizes in his 1895 will -- had hundreds of patents in several countries.
  • Nobel was known as a globetrotter -- he was nicknamed "the richest vagabond in the world" -- who at various times in his life lived in Sweden, Russia, Germany, France.

Turkey court ousts leadership of opposition’s Istanbul branch

Turkey's main opposition CHP party on Tuesday vowed to fight after a court dismissed the leadership of its Istanbul branch...
  • The Republican People's Party (CHP) won a huge victory over President Recep Tayyip Erdogan's AKP party in the 2024 local elections and has been rising in the polls
  • The cases began in earnest in March with the jailing of Istanbul's popular mayor Ekrem Imamoglu, who was seen as the sole candidate with a realistic chance at beating Erdogan

Japan political party to install AI leader

The Path to Rebirth party, which was launched in January by Shinji Ishimaru, a former mayor of a small city...

Latest News

Market value of camels at Crown Prince Festival reaches $66 million

Taif, Saudi Arabia -- The market value of the camels competing in the final rounds of the 2025 Crown Prince...

China urges ‘dialogue’ with US over TikTok: ministry

Beijing, China -- China urged the United States on Friday to address their TikTok dispute through dialogue, as top leaders...

UN General Assembly votes for Hamas-free Palestinian state

The text was adopted by 142 votes in favor, 10 against -- including Israel and key ally the United States...

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Iran says enriched nuclear material ‘under rubble’ of facilities hit during Israel war

Tehran, Iran - Iranian Foreign Minister Abbas Araghchi said Thursday that enriched nuclear material remained "under the rubble" of facilities...
  • "All of our material is... under the rubble of the bombed facilities," said Araghchi in an interview, adding that Iran's Atomic Energy Organization was assessing the condition
  • The remarks came after Iran and the International Atomic Energy Agency (IAEA) agreed a new cooperation framework on Tuesday

Turkey cuts interest rate again as inflation eases

Turkey's central bank on Thursday cut its policy interest rate for a second meeting in a row as the country's...
  • Turkey's central bank had raised its key interest rate to 46 percent in April after protests over the jailing of Istanbul's powerful opposition mayor
  • The bank decided to reduce it again on Thursday to 40.5 percent -- a bigger cut than the two-percentage-point reduction expected by analysts

UN Security Council to meet over drone raid in Poland blamed on Russia

The UN Security Council announced it would hold an emergency meeting Friday to discuss discuss violations of Poland's airspace, a...
  • Poland said the incident was not accidental, branding it an "unprecedented" attack on Poland, NATO and the European Union
  • Stray Russian drones and missiles have entered the airspace of NATO members including Poland several times since Moscow launched its invasion of Ukraine in 2022