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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.

UAE to relax COVID-19 restrictions from Sept. 28

The UAE will be relaxing COVID-19 restrictions nationwide which will come into effect starting September 28. Dr. Saif Al Dhaheri,...
  • Official websites of the Ministry of Health and Prevention, the Federal Competitiveness and Statistics Centre and NCEMA will continue to issue updated data.
  • COVID-19 daily cases announcement will be discontinued.

Joe Biden says Covid pandemic in US “is over”

Although people are still testing positive for Covid in the country, US President in an interview declared that pandemic in...
  • With Covid restrictions largely eliminated and travel having rebounded to pre-pandemic levels in the US, the comments were reflective of the current status of much of US society
  • Biden's remarks come only a few weeks after his administration asked Congress for billions of dollars in funding to maintain its testing and vaccine programs

UAE health ministry inks pact with Mediclinic Middle East

UAE Ministry of Health and Prevention (MoHAP) has signed a memorandum of cooperation (MoC) with Mediclinic Middle East to strengthen...
  • UAE Ministry of Health and Mediclinic Middle East will cooperate in exchange of expertise and enhancing health research.
  • Both entities will cooperate in organizing scientific conferences, training programs related to health research in the country.

Response Plus enters Indian market

The company will establish its Indian headquarters in Kerala state.
  • RPM India will work as a healthcare partner for onsite medical service solutions with oil and gas companies and other major industries.
  • It will provide services to Airports, Seaports, Educational Institutions, malls and global events to meet the emergency healthcare needs.

Covid pandemic end in sight, seize this opportunity: WHO

Newly reported cases of the disease, which has killed millions since being identified in late 2019, last week fell to...
  • WHO is urging countries to invest in vaccinating 100 percent of the most at-risk groups, and to keep up testing and sequencing for the virus.
  • A WHO study based on excess mortality seen in various countries during the pandemic estimated that up to 17 million people may have died in 2020 and 2021.

UAE ranks 1st regionally in UNDP Human Development Report

The UAE has ranked 26th globally and first in the Arab world in the 2021/2022 Human Development Report, which is...
  • The Human Development Index (HDI) is a summary measure for assessing long-term progress in three basic dimensions of human development.
  • The three basic dimensions are a long and healthy life, access to knowledge and a decent standard of living.

UN says human progress set back five years by Covid

Depicting a gloomy picture of the state of human progress, a United Nations report argues that an unprecedented array of...
  • The Human Development Index has steadily risen for decades, but began sliding in 2020 and continued its fall in 2021, erasing the gains of the preceding five years
  • A large contributor to the Human Development Index's recent decline is a global drop in life expectancy, down from 73 years in 2019 to 71.4 years in 2021

Juul to pay US$438m in US over marketing vapes to youth

Under the agreement, Juul would provide payments over the next 6-10 years to individual US states and pledge to not...
  • Juul has been blamed for a surge in youth vaping over its marketing of fruit and candy flavored e-cigarettes, which it stopped selling in 2019
  • On June 23, the FDA said it was ordering all products made by Juul Labs off the market after finding the vaping giant had failed to address certain safety concerns

Pure Health to invest US$500m

It will buy stake in a US healthcare firm Ardent.
  • Ardent Health Services is the fourth largest private hospital operator in the United States with operations across six states.
  • Pure Health would receive board observer rights but would not have a seat on Ardent’s board of directors.

S Korean Netflix hit ‘Extraordinary Attorney Woo’ sparks autism debate

The endearing "Extraordinary Attorney Woo", featuring a neurodivergent attorney, has been Netflix's most-watched non-English show for over a month, following...
  • The 16-episode series follows a rookie lawyer whose condition helps her find brilliant solutions to legal conundrums but often leaves her socially isolated
  • In South Korea, some families of autistic people have described the show as pure "fantasy", saying her character is unrealistic

The future is already here

Humanity is on a tech-fueled trajectory. Data and informed predictions are inspiring, showing how AI is reshaping economies, smart cities...

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Saudi Arabia to produce 80-90% insulin domestically

"More than 200 essential medications have been identified, making up about 40 percent of the total purchases by government health...

Positive trial for Pfizer-BioNTech Covid-flu jab

Berlin, Germany - Germany's BioNTech and US pharmaceutical giant Pfizer on Thursday announced "positive" results from initial trials of their combined...

Saudi Arabia’s Ministry of Investment inks 3 MoUs at FII7

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Investment signed three memoranda of understanding (MoU) in the fields of biotechnology,...

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Markets fall as Biden set for Middle East diplomacy drive

US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...
  • Wall Street opened in the red, with the tech-heavy Nasdaq shedding more than one percent, while Frankfurt and Paris fell 0.6 percent afternoon deal.
  • "Understandably, not many people are in the mood to put their hard-earned cash at risk in these uncertain economic times," said an expert.

WHO transports Gaza aid to Egypt, waits for humanitarian access

Geneva, Switzerland - The World Health Organization said on Saturday enough basic health supplies to serve 300,000 people in the Gaza...
  • The WHO supplies include enough medicines to treat 1,200 wounded patients and 1,500 patients suffering from various diseases.
  • The supplies were ready to go in once humanitarian access could be established through the Rafah crossing from Egypt into the southern Gaza Strip.

SFD to provide US$20m loan to Central African Republic for development projects

MARRAKESH, MOROCCO - The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, signed an additional US$20...
  • The agreement was signed on the sidelines of the 2023 World Bank and International Monetary Fund Annual Meetings in Morocco.
  • The US$20 million loan agreement aims to finance development projects in CAR, including the establishment of a 250-bed hospital.