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Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

Covid cases up 80 percent globally as new subvariant rises

The number of new COVID-19 cases reported worldwide rose by 80 percent in the last month, the World Health Organization...
  • The UN agency said that nations reported nearly 1.5 million new cases from July 10 to August 6.
  • Many of the new cases came in the Western Pacific region, which saw infections jump by 137 percent.

Iran appoints West-sanctioned official as supreme court chief

TEHRAN, IRAN - Iran on Sunday appointed Mohammed Jafar Montazeri, who is under US and British sanctions, to head the Islamic...
  • Mohammed Jafar Montazeri was placed under US sanctions in December, with Washington identifying him as having a role in the prosecution of protesters.
  • Britain followed suit in January and imposed punitive measures against Montazeri following the execution of British-Iranian Alireza Akbari for spying.

Interest rate raise ‘likely’ to curb inflation, says Fed official

A US central bank official said that more interest rate hikes "will likely be needed" to bring inflation down further,...
  • Federal Reserve governor Michelle Bowman's prepared remarks to an event in Colorado also came after a mixed employment report.
  • She would be seeking "consistent evidence" that inflation is on a meaningful path down toward the Fed's two percent target.

Nearly 14m children in Sudan need aid, says UNICEF

NEW YORK, US - Two senior UN humanitarian officials have called for more funding and fewer bureaucratic impediments to support...
  • The crisis in Sudan recently passed the 100-day mark and overall, 24 million people across the country require aid.
  • Chad is one of several neighboring nations hosting some 900,000 people who fled the violence in Sudan.

DUBAL, Oriental Copper ink MoU

JV will manufacture high-quality copper products in UAE.
  • As per the agreement, DUBAL Holding will assist with local resources and be a co-investor.
  • Oriental Copper will contribute its extensive technical, operational, and market expertise.

Saudi league’s transfer window can affect Europe’s clubs, says Liverpool

Singapore, Singapore - Liverpool manager Jurgen Klopp on Tuesday urged football authorities to address the late closure of the transfer window...
  • Since the start of the year, clubs in the oil-rich Middle Eastern kingdom have spent generously to sign some of the world’s leading players.
  • Brazilian midfielder Fabinho on Monday became the third Liverpool player to move to a Saudi club in this close season when he joined Al-Ittihad.

Migrants suffer between life and death in Tunisia-Libya desert

In the midday heat, a Libyan patrol near the border with Tunisia comes across a black African man collapsed on...
  • By the time they reach Libya, the migrants from sub-Saharan Africa are ready to drop from exhaustion, in temperatures above 40 degrees Celsius.
  • Libyan border guards said that, over the past two weeks, they have rescued hundreds of migrants who said they were left by Tunisian authorities.

Quran set alight at protest outside Sweden parliament

Two men set the Quran alight outside parliament in Stockholm at a protest similar to previous ones that have sparked...
  • Sweden has already seen its diplomatic relations with several Middle Eastern nations strained over previous protests involving Quran desecrations.
  • Swedish police have previously stressed they only grant permits for people to hold public gatherings and not for the activities conducted during the events.

Egypt energy-saving measures evoke satirical reaction among citizens

Sweltering without air conditioning during the day and plunged into darkness at night, many Egyptians have responded with anger and...
  • After 11 days of daily blackouts, Prime Minister Mostafa Madbouli ordered civil servants to work from home once a week.
  • He announced scheduled power outages at least through August, and proposed other solutions to Egypt's energy crisis.

UAE urges collective action for sustainable development at G20 ministers meeting in India

DUBAI, UAE – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri highlighted the importance of collective...
  • The UAE minister called upon G20 countries to fulfil their commitment to providing the pledged financial support for global climate initiatives.
  • She said that is only by collective action that the global community can achieve the worldwide emission reduction target.

Global football stars choose Red Sea destination for holiday

TABUK, SAUDI ARABIA – A few days ago, the Red Sea destination hosted several international football stars from Saudi Pro...

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Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities

RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...

Energy transition led Saudi Arabia to halt oil expansion, says official

RIYADH, SAUDI ARABIA – The Kingdom's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to...

Red Sea issue puts Yemen peace process on hold

DUBAI, UAE- As Houthi attacks roil the Red Sea and Western air raids target the rebels, moves to end Yemen's long-running...

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Saudi Arabia sends $250m to bolster Yemeni government

Saudi Arabia said it had disbursed $250 million in aid to the internationally-recognized government in Yemen. The money follows an...
  • The Yemeni government relocated to Aden, a port city on the southern coast, after the Iran-backed Houthis seized the capital Sanaa in 2014.
  • In 2015 Saudi Arabia mobilized an international coalition intended to oust the Houthis.

US teens make efforts for Jewish-Muslim dialogue in New Jersey suburb

TEANECK, US - They are only teenagers, but a pair of New Jersey high school students -- one Jewish and one...
  • The unexpected success of that first meeting led to a second, larger one, and the girls since have enjoyed support.
  • Despite the strong turnout, the girls were not overly optimistic about the outcome of the meeting.

Hamas, Saudi warn of calamity if Israeli troops attack Rafah

Prime Minister Benjamin Netanyahu this week said he had ordered troops to prepare to go in to the city, crowded...
  • Hamas said any military action would have catastrophic repercussion that "may lead to tens of thousands of martyrs and injured if Rafah... is invaded".
  • Saudi Arabia said that Israel's planned army operation in overcrowded Rafah would cause a "humanitarian catastrophe".