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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.

  • Emirates Islamic net profit $218m

    Higher non-funded income, reduction in the cost of risk push profits up.

    The total income rose 14 percent year on year and 43 percent on the same quarter in 2020 by higher non-funded income.

    The customer financing stood at AED 42.4 billion, an increae of 4 percent from 2020.

  • Netflix subscribers numbers jump

    Streaming giant's profit grew 16 percent to $7.5 billion

    Its profit grew 16 percent to $7.5 billion

    Streaming giant ended the quarter with 214 million subscribers.

  • Google debuts new Pixel

    Smartphone sales are dominated by Apple, Samsung

    Smartphone sales are dominated by Apple and Samsung

    Google touted the phones as completely "reimagined" during a presentation

  • Emirates Integrated Telecommunications Company profit rises to AED283 million in Q3

    According to financial results, mobile customer base reached 6.5 million. The postpaid segment remains resilient with net-adds of 13,000. The...

    The revenues have grown 6.9% to AED 2,874 million on sustained demand for broadband services

    EBITDA amounted to AED 1,100 million due to cost optimization which helped contain margin pressure

  • Bahrain to open up ‘.bh’ domain name registry

    A domain name is a name in English or Arabic letters chosen to be the address and the identity of...

    So far, mostly government entities have had permission to use this domain name

    Now, the TRA has launched a campaign to introduce the mechanisms for registering new websites with the .bh domain name

  • UAE, Iraq agree to promote and protect investments

    The agreement is part of the UAE’s endeavors to strengthen and activate means of economic and investment cooperation globally.

    The agreement aims to encourage foreign investment by improving the investment environment and enhancing economic cooperation

    It will also look to secure a balance between rights and obligations between investors and the host country

  • UN report says global FDI rebounds to $852bn in H1

    A United Nations report has depicted a positive picture of global foreign direct investment during the first half of 2021....

    Countries around the world recorded a total of $852 billion in FDI flows, showing a “rapid recovery” from the 2020 lows

    Developed economies recorded the biggest increase in new investments, with FDI reaching an estimated $424 billion in the first half of the year

  • Gulf Islamic Investment of UAE to invest $500m in India

    Gulf Islamic Investment of UAE will invest $500 million in India over the next three years as it takes steps...

    The shariah-compliant firm said its current investment plan is sector-agnostic and is now keen to partner with Indian start-ups and growth companies

    This follows its Indian investment debut in 2020 with India Growth Portfolio (IGP-I)

  • Zoomcar enters Egypt market

    Zoomcar targets 5,000 cars in Egypt by March 2022.

    Zoomcar to launch their functioning in Egypt

    The target of Zoomcar is to have 20,000 cars in market by 2022 end

  • Tasi, the Tadawul All Share Index, vaults 0.4% to go past 11,800

    The Tadawul All Share Index, TASI, vaulted 0.4 percent to surge past the 11,800 point level in early trade today.

    Al Rajhi Bank rose more than 1 percent

    Etihad Etisalat (Mobily) gained 2 percent to SR30.85

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