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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.
  • DEWA, Azerbaijan discuss bilateral ties, energy, business prospects

    DEWA and Azerbaijan discuss investment in oil exploration and production projects, crude oil trading and reviewed issues of mutual interest...

    DEWA , Azerbaijan discussed investment in oil exploration and production projects, crude oil trading

    The two sides reviewed issues of mutual interest in the energy sector and long-term investment opportunities

  • Gulf countries take first steps to bank on metaverse

    Payment on metaverse will take place through cryptocurrencies. NFTs and virtual goods will become popular once metaverse becomes mainstream. Therefore,...

    There is no doubt that Metaverse is interesting for banks because modern virtual worlds are built on blockchains, cryptocurrencies, and decentralized finance

    Many questions regarding the impact of the Metaverse on banking rose after JPMorgan announced plans to open an office in the metaverse

  • Saudi Arabia to invest $3bn in vaccines, vital medicines industry

    Saudi Minister Bandar bin Ibrahim Alkhorayef said that the targeted pharmaceutical sectors whose value exceeds US$5 billion will be implemented...

    Saudi Minister Bandar bin Ibrahim Alkhorayef said that the targeted pharmaceutical sectors whose value exceeds US$5 billion will be implemented in several stages

    The second phase, the minster said, will focus on localising immunological and cancer treatments technologies

  • NFTs: Digital way to own art, music, videos

    Everything is open-sourced, permission less and on-chain, Holaplex CEO Alex Kehaya tells TRENDS on the rising popularity of NFTs.

    Holaplex’s Social NFT Network is a new platform for NFT enthusiasts

    Kehaya believes that the NFT industry is seeing an adoption curve that is greater than that of the internet

  • Material prices hurt as GCC cities turn green, smart

    As the complexity of the pandemic and supply chain challenges have affected building material prices, the region should look for...

    As the complexity of the pandemic and supply chain challenges have affected building material prices, the region should look for alternatives, says Nizam Abdul Baki of Purity

    Green building materials improve the buildings' structures' sustainability and efficiency in terms of design, construction, maintenance, and renovation, he points out

  • Abu Dhabi officials in Canada to discuss clean energy solutions

    A delegation from the Abu Dhabi Department of Energy (DoE) is visiting Canada to meet senior government officials and stakeholders...

    Department of Energy officials in Canada showcase Abu Dhabi’s experience in promoting energy efficiency and sustainability

    The officials discuss opportunities for collaboration in energy efficiency and advanced clean energy solutions

  • European Union seeks to prepare arrival of ‘zero-emission’ aircraft

    The European Commission called Friday on the members of the aviation sector to join an alliance to prepare for the...

    The decarbonization of aviation is one of the major challenges toward the carbon neutrality goal the EU seeks to achieve by 2050.

    Manufacturers are also working on new generations of regional aircraft using hybrid or electric propulsion, with a range of several hundred kilometers.

  • Saudi Arabia, Djibouti sign agreement on maritime transport

    The Kingdom of Saudi Arabia has signed a joint cooperation agreement in maritime transport with the Republic of Djibouti which...

    The maritime transport pact between Saudi Arabia and Djibouti aim to strengthen relations at the strategic level

    The agreement aims to open new horizons for cooperation in various fields between the two countries

  • Careem acquires MUNCH: ON

    MUNCH: ON offering will be rebuilt on the Careem app.

    MUNCH: ON, a subscription-based food delivery platform which connects customers to meals at a discount by tapping into underutilized kitchen capacity.

    Careem said the two firms will work together to deliver even greater value by introducing low-cost meal segments.

  • ‘Make it in the Emirates’ helps in growth of industries

    The two-day 'Make it in the Emirates' event hosted by Abu Dhabi, highlight the UAE's capacity to ensure the growth...

    The two-day ‘Make it in the Emirates' event highlight the UAE's capacity to ensure the growth of national industry

    The event helps in identifying a number of products the country will depend on in the coming years