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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.

GCC pharma industry: Leaders and innovators

GCC countries have a highly dynamic environment characterized by growing populations, a broad diversity of patient demands and increasing healthcare...
  • The number of drug factories in the UAE has risen from four in 2010 to 23 in 2021, while its drug market is expected to grow up to $4.7 bn in 2025.
  • More than $400m worth of Saudi pharmaceuticals are exported each year. The kingdom aims to double the percentage of local pharma manufacturers.

‘Hybrid immunity’ is best Covid protection

Two new studies have highlighted the importance of getting jabbed for those who have natural immunity after recovering from the...
  • For people who have already had Covid, Pfizer and AstraZeneca's vaccines offered 90 percent effectiveness against hospitalization and death
  • Meanwhile, China's CoronaVac had 81 percent and Johnson & Johnson's one-shot jab had 58 percent effectiveness against these occurrences

Nairobi to host next biodiversity meeting in June to save nature

Countries have proposed to hold an extra biodiversity meeting in Nairobi in June as talks in Geneva tasked with saving...
  • The meeting could take place between June 21 and 26 later this year in Nairobi, the Kenyan capital
  • Holding the meeting is subject to official approval by the Geneva meeting before it wraps up later Tuesday

Saudi Arabia eases rules for US, UK, and Schengen visa holders

The move comes two weeks after the country lifted all Covid-19-related entry restrictions.
  • Citizens of any country can now receive a 12-month tourism visa on arrival in Saudi Arabia without needing to apply in advance
  • However, they will have to hold one of the three visas, and travel on one of the country’s national carriers: Saudia, Flynas, or Flyadeal

UN Population Fund hails Jordan’s health sector achievements

UNFPA reviewed key areas of cooperation with Jordan in the health sector, particularly during the COVID-19 pandemic.
  • Jordan’s Minister of Health Feras Hawwari has discussed areas of cooperation with UN Assistant Secretary-General and UNFPA Deputy Executive Director/Programs, Diene Keita.
  • The UNFPA agreed to maintain coordination and collaboration with the ministry on specified objectives.

Jordan ends all forms of distancing in mosques

Worshipers have been asked to wear masks when entering mosques and performing prayers.
  • Worshipers have been asked to wear masks when entering mosques and performing prayers
  • Earlier, the Awqaf Ministry, based on recommendations of the Governmental Epidemiology Committee, decided to enforce social distancing

On International Day of Happiness, UAE aims for best quality of life

The UAE is celebrating the International Day of Happiness, observed on March 20, with achievements and gains that enhance the...
  • The minister was speaking on International Day of Happiness, which is to be held on March 20
  • He said the UAE aspires to maintain its leading position among the happiest countries in the world

One in five Saudi citizens have a food allergy

The SFDA said that food allergy can be best treated by avoiding the ingredients that cause it.
  • The SFDA said that food allergy can be best treated by avoiding the ingredients that cause it
  • Food allergy is defined as a reaction of the immune system to a certain type of food

COVID cases increasing once again, especially in parts of Asia: WHO

After several weeks of declines, reported cases of COVID-19 are once again increasing globally, especially in parts of Asia, WHO...
  •  In the past week, the agency has seen an 8 per cent increase in detection of COVID-19 cases, with more than 11 million positive test results.
  • In the last 30 days of more than 400,000 sequences sampled, 99.9 percent are Omicron, and 75 percent correspond to the BA.2 variant..

WTO chief hails Covid vaccines IP compromise

Ngozi Okonjo-Iweala said the compromise was a big step forward in a bid to end the logjam at the global...
  • Ngozi Okonjo-Iweala said the compromise was a big step forward in a bid to end the logjam at the global trade body
  • However, she cautioned that some of the details on waiving WTO rules on Trade-Related Aspects of Intellectual Property Rights (TRIPS) still needed to be fleshed out

Saudi king treated for lung infection: statement

Riyadh, Saudi Arabia - Saudi Arabia's King Salman has a lung infection and is undergoing a treatment programme involving antibiotics, the...

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Iran vows to respond if Iraq fails to disarm Kurdish rebels

Tehran, Iran - Iran on Monday warned Iraq that it would take action if Baghdad does not honor its commitment by...

Years of coal plant expansion torment Turkey’s villagers

Villagers and environmental activists have been locked in clashes with the police in the southwestern Mugla province since their plant...

UAE astronaut Sultan AlNeyadi studies cardiorespiratory impact in space

Dubai, UAE -  The UAE astronaut Sultan AlNeyadi on Wednesday participated in a cardiovascular study to examine cardiorespiratory impact in...

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UAE takes part in G20 joint health-finance ministers meeting   

GANDHINAGAR, INDIA - Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini and Assistant Minister of Foreign Affairs...
  • The meeting discussed the progress made by the Joint Finance and Health Task Force (JFHTF) this year.
  • The UAE participated in the three meetings that the Task Force held this year under the G20 Finance Track.

WHO launches global initiative on digital health supported by G20 Presidency

GANDHINAGAR, INDIA - The World Health Organization (WHO) and the G20 India presidency announced a new Global Initiative on Digital...
  • WHO serves as the secretariat for strategy implementation to fast-track digital health system transformation.
  • The new Global Initiative on Digital Health is one of the key deliverables of India’s G20 Presidency.

WHO’s maiden traditional medicine summit opens in India

"WHO is working to build the evidence and data to inform policies, standards and regulations for the safe, cost-effective and...
  • Traditional medicines are a "first port of call for millions of people worldwide", the World Health Organization said.
  • The two-day WHO Traditional Medicine Global Summit takes place alongside a meeting of G20 health ministers in India.