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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.

Saudi-Italian space agencies ink pact on cooperation

The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field...
  • Saudi Space Commission, Italian Space Agency sign an MoU to enhance cooperation in space-related activities for peaceful purpose
  • Federation of Saudi Chambers and General Confederation of Italian Industry ink an MoU to establish a joint Italian-Saudi business council

Iraq’s summer of ‘hell’ has just begun

Umm Mohammed, 74, waves a fan back and forth to cool down, but in the blistering heat of Iraq's southern...
  • While Basra is used to scorching summers, this year it has started sooner than expected, bringing misery to residents in a city also plagued by chronic electricity shortages
  • Chronic power cuts are exacerbated in the summer, and only those who can afford private generators are able to keep their fridges or air conditioning units running

Saudi first in Arab world on Nature index for quality scientific research

Saudi Arabia ranked first in the Arab world and 30th globally in the British “Nature” index for evaluating countries, universities...
  • The kingdom ranked 30th globally on the index that evaluates universities for the quality of scientific research.
  • “Nature” included 26 Saudi universities in its tables for this year, compared to only 16 universities in 2018.

High taxes on tobacco in MENA weans users off habit

The use of tobacco by people across the world has gone down, and the Middle East has been no exception,...
  • The World Health Organization (WHO) said tobacco users have decreased from 1.32 billion 2015 to 1.30 billion in 2021
  • In the UAE, the trade in tobacco went down from Dh410 million to Dh62.4 million

Flood of net zero vows suffer ‘credibility gap’: report

While countries, cities and companies have massively ramped up net-zero emissions promises in recent months there remain "major flaws" in...
  • Most rich countries have announced they will be net zero by 2050, while China and India have vowed to reach that point by 2060 and 2070, respectively
  • The report draws on a database of over 4,000 governments, cities, states and major companies and comes as climate negotiators are meeting in Germany

Cut airline emissions to meet Paris targets: report

The world needs "early, aggressive and sustained" government intervention to cut aviation emissions if Paris Agreement temperature goals are to...
  • Airlines must start to slash emissions before the end of the decade and by 2025 if possible, said the International Council on Clean Transportation (ICCT) in a new report
  • Earth's average surface temperature has already risen 1.2C above preindustrial levels

UAE blazes a trail with AI, leads Europe and MENA

The Gulf country leads EMEA in the leverage of data, data science, and AI for the purposes of decision making...
  • The UAE has established itself as a world leader in AI, having been the first nation to appoint a minister of state for AI
  • Data science and AI are advancing, yet managers and non-managers in the UAE have different perceptions about data utility and AI's role

Saudi Space Commission to launch ‘Madar’ training program for students, workers

Saudi Space Commission will help and train 1,000 students and workers about space to national capabilities, cadres and skills in...
  • Saudi Space Commission will teach 1,000 male and female trainees from various scientific specialties about the space sector
  • The program aims at raising the level of knowledge by providing theoretical and practical courses in the space sector

UAE to chair Committee on Peaceful Uses of Outer Space

The UAE has been chosen to lead the Committee on The Peaceful Uses of Outer Space (COPOUS) out of 100...
  • COPOUS is one of the largest UN committees playing a major role in governing the exploration and use of space
  • The Committee is part of The United Nations Office for Outer Space Affairs (UNOOSA), and reports to the Fourth Committee of the General Assembly

Iraq battles with outbreak of deadly nose-bleed fever

Spraying a cow with pesticides, health workers target blood-sucking ticks at the heart of Iraq's worst detected outbreak of a...
  • The sight of the health workers, dressed in full protective kit, is one that has become common in the Iraqi countryside, as the Crimean-Congo haemorrhagic fever spreads
  • Transmitted by ticks, hosts of the virus include both wild and farmed animals such as buffalo, cattle, goats and sheep

Saudi Space Agency launches ‘Space Futures Centre’

Riyadh, Saudi Arabia - The Saudi Space Agency (SSA) announced Sunday the launch of the Centre for Space Futures, the...

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ChatGPT diagnoses ER patients ‘like a doctor’

During a study in Netherlands, the chatbot outperformed doctors in some cases. At the same time, it showed some limitations.

Iran and Russia sign deal to build research spacecraft in two years

Tehran, Iran-- Iran and Russia are looking to build a research spacecraft within two years and in this connection top...

Lab-grown human ’embryos’ offer new research hope

The research and other recent work shows "that models of human embryos are getting more sophisticated and closer to events...

Most Read

Research finds link in the brain to explain obesity

Washington, US - A new scientific research has identified the link between memory and appetite in the human brain to...
  • The research shows that individuals with obesity have poor connections between the dorsolateral hippocampus (dlHPC) and the lateral hypothalamus (LH)
  • The dlHPC is located in the 'memory process' region of the brain, and the LH is in the region of the brain called 'homeostasis'

Global space economy is worth billions, say experts

ABU DHABI, UAE - The global space economy has great potential in terms of economic prospects, with the sector going...
  • Several studies by specialised global institutions indicate that the global space sector will be worth over US$1 trillion in the next few years.
  • The space economy grew 8 percent in 2022, with its value totalling US$546 billion, and is projected to grow by 41 percent in the next five years.

AlNeyadi conducts over 200 research experiments on board ISS

ABU DHABI, UAE - Over the course of a six-month space mission on board the International Space Station (ISS), UAE...
  • These research experiments were held in collaboration with 10 international space agencies and 25 esteemed UAE and global universities.
  • The experiments covered a range of topics including the cardiovascular system, back pain, protein crystallisation growth, epigenetics, immune system,