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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.

Saudi launches Damascus area reconstruction project

Damascus, Syria -- Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus,...
  • Saudi Arabia's KSrelief has announced the project to clear over 75,000 cubic meters of rubble from the capital and its surrounding areas.
  • In late July, Riyadh pledged $6.4 billion in investment and partnership deals with Syria.

Drone attack from Yemen injures man at Israeli airport: army, medics

A drone launched from Yemen injured a man when it fell on Ramon airport in southern Israel on Sunday, Israel's...
  • "Paramedics are providing medical treatment... to a 63-year-old male in mild condition, with shrapnel injuries to his limbs," the emergency service said in a statement
  • Israel assassinated the head of the Iran-backed Huthi government together with 11 other senior officials in air strikes two weeks ago

Israel warns recognizing Palestinian state could trigger ‘unilateral’ action

Several countries, including France and Britain, have pledged to recognize a Palestinian state during the UN General Assembly later this...
  • French President Emmanuel Macron co-hosted a conference in July with Saudi Arabia to call for a two-state solution to the Israeli-Palestinian conflict.
  • Britain said it would recognize a Palestinian state if Israel failed to agree to a truce in the Gaza war, triggered by Palestinian group Hamas's October 2023 attack.

First India-Pakistan match since conflict fires up Asia Cup

New Delhi, India -- A blockbuster between India and Pakistan headlines the Asia Cup starting on Tuesday as they face...
  • Arch-rivals India and Pakistan clash in Dubai on September 14, with Pakistan bowling great Wasim Akram saying players and fans should "remain disciplined and not cross the line".
  • The neighbors have not met on either side's soil in a bilateral series since 2012 and only play each other in international tournaments on neutral ground.

Catholic teen set to become first millennial saint

Vatican City, Holy See -- Tens of thousands of pilgrims are expected at the Vatican Sunday for the canonization of...
  • Carlo Acutis, who died of leukemia in 2006 aged 15, will be made the first millennial saint by Pope Leo XIV in a solemn ceremony in St Peter's Square.
  • The teenager's body, dressed in jeans and a pair of Nike trainers, lies in a glass-walled tomb in Assisi, visited by hundreds of thousands of people a year.

AI-powered meet-up apps fight ‘epidemic of’ loneliness

San Francisco, United States -- On a summer evening in San Francisco, JT Mason went to dinner with five complete...
  • The growing difficulties individuals face in forming meaningful connections have alarmed health professionals.
  • In 2017, then US surgeon general Vivek Murthy described a "loneliness epidemic."

Key OPEC+ members to boost oil production again

Oil ministers in the V8 grouping -- comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and...
  • Those countries had already increased production by 2.2 million bpd in recent months.
  • They said that the new incoming cycle could see up to an extra 1.65 million bpd eventually coming onto the market.

AI giant Anthropic to pay $1.5 bn over pirated books

San Francisco, United States - Anthropic will pay at least $1.5 billion to settle a US class action lawsuit over...
  • "This landmark settlement far surpasses any other known copyright recovery," said plaintiffs' attorney Justin Nelson. "It is the first of its kind in the AI era."
  • San Francisco-based Anthropic announced this week that it raised $13 billion in a funding round valuing the AI startup at $183 billion

Turkey opposition calls extraordinary congress for Sept 21

Turkey's main opposition party has announced it will hold an extraordinary congress on September 21 after a court ousted its...
  • The decision comes amid growing political pressure on the Republican People's Party (CHP) after a court annulled the outcome of its Istanbul provincial congress in October 2023
  • More than 900 CHP delegates on Friday submitted a petition to a local election board in the capital Ankara to authorise the congress, the source told AFP

Israel flattens high-rise as it tells Gaza City residents to flee

An Israeli strike flattened a high-rise in Gaza City on Saturday -- the second in as many days -- after...
  • Israel has stepped up air strikes and ground operations on the city's outskirts, sparking fears it could worsen already dire conditions
  • On Saturday, Israeli aircraft dropped thousands of leaflets on western neighbourhoods calling on residents to evacuate, witnesses and an AFP journalist said

Palestinians flee Gaza City under Israeli bombardment

Gaza City, Palestinian Territories -- Palestinian families streamed out of Gaza City on Sunday, some crammed into pick-up trucks, others...

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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...

At major settlement project ceremony in West Bank, Israel PM vows ‘there will be no Palestinian state’

"We are going to fulfil our promise that there will be no Palestinian state, this place belongs to us," Netanyahu...

Global oil supply hit record high in August: IEA

Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production,...

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Robot dogs, flying cars: five takeaways from the Munich auto show

Companies including Germany's Holon and Estonia's Auve Tech displayed small self-driving buses, designed for routes where larger buses with drivers...
  • Chinese brands showcased their efforts to create "flying cars", small electric aircraft powered by multiple rotors designed for short journeys.
  • Austrian Wolfgang Podleiszek is working on a funky two-wheeled electric car that steers like a segway and needs the driver to lean into corners.

EU lawmakers back push for action against Israel over Gaza

The EU chief said Wednesday in her keynote annual address to the European Parliament that she would propose those steps...
  • The European Parliament said it had voted a non-binding resolution that "endorses the Commission president's decision to suspend EU bilateral support to Israel.
  • It said it also "calls for sanctions" on Israeli Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben Gvir.

UK’s Starmer hosts Israeli president for tense visit

UK Prime Minister Keir Starmer hosted Israeli President Isaac Herzog for a contentious meeting Wednesday, with the visiting head of...
  • Herzog's visit comes after Starmer's government has in recent months toughened its criticism of how Israel is waging its war in Gaza, triggering pushback from Israeli leaders
  • The pair shook hands in front of photographers and TV cameras in Downing Street, with few smiles on display, as the meeting got underway Wednesday afternoon