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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.

UN reports to lay bare harrowing scale of climate impact

The IPCC report will include a crucial 40-page summary for policymakers, expected to show that devastating scale of climate change...
  • The UN report on climate change will show that global warming already threatens billions of people and crucial ecosystems
  • Climate change affects entire planet, but its impacts are often the hardest on the poorest and most vulnerable

Covid tears through Iraq as vaccinations lag

In the stores and buses of Iraq masks are rare even as Covid-19 spreads widely, vaccines are viewed with suspicion...
  • "More than 95 percent of those sick with Covid-19 in intensive care are unvaccinated," said Ali Abdel Hussein Kazem, assistant director of the facility
  • Since January, Iraq's 40 million people have been confronted with a fourth coronavirus wave but -- unlike other countries -- the government has not imposed any restrictions

UN slams ‘aggressive’ marketing by formula-milk makers

The failure of countries to crack down on the marketing of breast milk substitutes means far too many children are...
  • The $55-billion formula milk industry is said to systematically deploy aggressive marketing strategies
  • It is said to spend up to $5 billion a year to sway the decisions of parents on how to feed their infants

Strong protection for babies born to Covid-vaccinated moms: study

The CDC carried out a study involving 379 babies aged up to six months, who were hospitalized in 20 pediatric...
  • Babies born to mothers vaccinated during pregnancy were less likely to be hospitalized with severe Covid
  • A baby who died because of Covid during the research was born to a mother who was not vaccinated

Plastic, chemical waste exceeded planet’s safe limit: study

The European Union’s REACH inventory has covered only 150,000 out of 350,000 different substances and only a third of those...
  • There are an estimated 350,000 different manufactured chemicals on the market and large volumes of them end up in the environment
  • Since 2020 plastic production has increased to 367 million tones but less than 10 percent of the world’s plastic is currently recycled

Israel, UAE invite joint research proposals from varsities, research institutes

The UAE and Israel are inviting universities and research institutes in both countries to submit joint research proposals based on...
  • Successful proposals will be selected by a joint UAE-Israel committee, which will choose one project to be funded.
  • The selected research project will receive $200,000 of funding from the UAE Space Agency and Israel Space Agency.

UAE to train 10,000 female students in various fields

The UAE has launched the "building future talents" to build 10,000 UAE public school female students’ skills in the fields...
  • The initiative is based on introducing an interactive smart application that includes more than 450 activities on 21st century skills
  • The smart application presents three innovative reward categories for students participating in the initiative, based on the points they accumulate for every step they complete

An implant that puts life back into immobile legs

In 2017, Michel Roccati was in a motorbike accident that left his lower body completely paralyzed. In 2020, he walked...
  • The implant sends electrical pulses to his muscles, mimicking the action of the brain, and could one day help people with severe spinal injuries stand, walk and exercise
  • The idea of using electrical pulses to address paralysis stemmed from technology used to regulate pain, and the researchers said they see scope for further applications

Air pollution costs MENA $141bn per year: World Bank

Air pollution costs the Middle East and North Africa $141 billion per year, or around 2% of GDP on average,...
  • Environmental pollution will cost some nations in the region including Egypt, Lebanon and Yemen more than 3% of their GDP
  • The report singled out "low environmental standards" in the transportation and industry sectors, the use of low quality fuel

Lockheed Martin nets NASA deal

The company will make a rocket to bring back rocks from Mars.
  • According to the US space agency's statement, Lockheed Martin has won a NASA contract to build the rocket which will bring the first Mars rock samples to Earth in the 2030s
  • NASA will launch a plan in 2026 to send the mini-rocket to Mars, carrying another rover responsible for collecting the rock samples

NYUAD and Dolphin Energy sign agreement to boost research into climate change

Abu Dhabi, UAE--A unique national capacity-building fellowship model offering outstanding Emirati graduates the opportunity to gain experience in a cutting-edge...

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UAE focuses on developing a national astronaut team

"Astronaut Sultan Al Neyadi is currently on the longest space mission in Arab history ... This mission has elevated the...

UAE and UN to boost climate action cooperation in run up to COP28

New York, US--The UAE and the UN have discussed joint cooperation and partnership on government experience exchange, global climate action...

UAE and Egypt to boost cooperation in higher education, scientific research

Cairo, Egypt-- The UAE and Egypt are looking to ramp up cooperation in the fields of higher education and scientific...

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Almost the entire world is experiencing record heatwaves

Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures,...
  • Authorities in many countries have been sounding the alarm, advising people to avoid outdoor activities in the daytime and to be wary of dehydration.
  • Scientists insist global warming - linked to dependence on fossil fuels - is behind the intensification of heat waves in the world.

India launches an unmanned spacecraft to land on Moon

India launched a rocket carrying an unmanned spacecraft to land on the Moon, its second attempt to do so as...
  • "Chandrayaan-3... has begun its journey to the Moon. Health of the spacecraft is normal," the Indian Space Research Organization said on Twitter.
  • The world's most populous nation has a comparatively low-budget aerospace program that is rapidly closing in on the milestones set by global space powers.

Yahsat to invest US$100m

It is for capital expenditure of T4-NGS satellite program.
  • The program, the next-generation telecommunications system for Thuraya, is scheduled to begin operational service in H1 2025.
  • The total cost of the program is up to $550 million, including manufacturing, launch, insurance and new ground infrastructure.