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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.

Starvation in war-torn Yemen likely to increase five times : UN

The number of people in war-torn Yemen starving in famine conditions is projected to increase five-fold this year to 161,000,...
  • Over 30,000 people are already struggling in famine conditions, a joint statement by the UN and other global bodies said
  • The joint UN statement on Yemen comes two days ahead of a high-level conference to raise aid for the war hit nation

Chinese cities and factories lock down as outbreak spreads

China cannot relax its zero-Covid policy just yet despite the low fatality rate of Omicron, say medical experts.
  • Authorities in China have reported 2,300 new covid cases across the country on Monday
  • China cannot relax its zero-Covid policy just yet despite the low fatality rate of Omicron, say medical experts

UN dismisses Russia claim of Ukraine-US bioweapons

Russia called a meeting of the 15-member Security Council to repeat its previously made, unsubstantiated claims that Ukraine, with US...
  • Washington and Kyiv have denied the existence of laboratories intended to produce biological weapons in Ukraine
  • Linda Thomas-Greenfield, the US' envoy to the UN, accused Russia of requesting the meeting jut so it could spread disinformation’

Why is WHO peeved over Mar 11 Covid anniversary?

The organization says the real alarm came six years earlier March 11, 2020 but "few people bothered to sit up...
  • The once-in-a-century pandemic has turned the world upside down, claiming more than six million lives.
  • The WHO declared a public health emergency of international concern (PHEIC) -- the highest level of alarm in the global health regulations -- on January 30, 2020.

First pig heart transplant patients dies

Following surgery, the transplanted heart had performed very well for several weeks without any signs of rejection.
  • The medical team behind the heart transplant said it was 'optimistic' about the future success of cross-species organ donation
  • Official data shows that more than 100,000 Americans are waiting for an organ transplant; over 6,000 die each year before getting one

F&B sector in GCC eyes greater sustainability

Tetra Pak Arabia Managing Director Niels Hougaard explains what lies ahead for F&B companies — bith regionally and globally —...
  • Pollution and plastic litter in the ocean are the joint top environmental worry, while global warming is a close second
  • GCC countries have launched several initiatives to educate consumers about recycling and sustainable consumption

Saudi Arabia lifts most Covid-19 restrictions

The decision includes suspending ‘social distancing measures in all open and closed places’ including mosques.
  • The Covid-19 pandemic hugely disrupted Muslim pilgrimages, which are usually key revenue earners for the kingdom, bringing in some $12 billion annually
  • In 2021, the pandemic forced Saudi Arabia to downsize the hajj for a second year, and just 60,000 fully vaccinated citizens and residents taking part

UAE sends 46 tons of food supplies to Malawi

Over the past 10 years, the UAE has reportedly sent relief supplies to Malawi amounting to AED85.3 million ($23.23 million).
  • The aid is expected to support efforts to meet children's needs for food and nutritional supplements in several villages and regions
  • The UAE has reiterated its commitment to a humanitarian approach that supports emergency relief for countries in need

Dubai Derma 2022 registers $540m in business deals, attracts 21,000 visitors

The Dubai World Dermatology and Laser Conference and Exhibition (Dubai Derma 2022) concluded its 21st edition on Wednesday, and registered...
  • It focused on various developments related to cosmetic surgery, lasers, cosmetic dermatology and anti-ageing, among others.
  • The conference featured 326 scientific lectures, 79 workshops, and more than 90 scientific poster presentations.

Two years into the pandemic, is the end in sight?

Scientists warn that potential new variants and unequal vaccination rates threaten any long-awaited return to normality.
  • Under the "reasonable best-case" scenario, there will be smaller regional or seasonal outbreaks, as the higher Covid numbers lead to fewer flu cases.
  • In the meantime, the WHO emphasizes that the best way to end the acute phase of the pandemic is for rich countries to share their doses rather than boost their populations again.

Iraq father begins legal action against BP over son’s cancer death

Rumaylah, Iraq - Hussein Julood is taking legal action against British energy giant BP after he lost his son to...

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Kuwait looks to boost cooperation with WHO in ‘all health services’

Kuwait City, Kuwait-- Kuwait is looking to strengthen cooperation with the World Health Organization in all health services, according to...

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...

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...

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Ma’aden, BADC ink agreement

Firm to supply 600,000 tons of fertilizers to BADC.
  • The renewal is further proof of the company’s commitment to meet global market demand for phosphate fertilizers.
  • Ma’aden supplies approximately 42 percent of Bangladesh’s estimated requirement of diammonium phosphate.

WHO’s first global summit on traditional medicine begins Aug 17

Geneva, Switzerland -- The World Health Organization (WHO) is convening the Traditional Medicine Global Summit on 17-18 Aug 2023​ in...
  • Co-hosted by the Government of India, the Summit will explore the role of traditional, complementary, and integrative medicine in addressing pressing health challenges.
  • Scientists and other experts will lead technical discussions on research, evidence and learning; policy, data and regulation;

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.