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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.

Iraq to cut out carbon emissions in full by 2025

In order to cut out carbon emissions completely, Iraq will stop burning associated gas permanently in 2025.
  • He said that Iraq will stop burning associated gas permanently in 2025
  • "At this summit, we seek to start developing plans to transform the future of our countries and all their economies to a green future free of emissions”

Greenhouse gas levels reach new record high: UN

The UN's blunt report comes as British Prime Minister Boris Johnson, the COP26 host, said he was "very worried" that...
  • The World Meteorological Organization said that continued rising greenhouse gas emissions would result in more extreme weather.
  • Concentrations of all three major greenhouses gases --CO2, methane and nitrous oxide--have risen alarmingly.

China aims to cut fossil energy use to below 20% by 2060

China is targeting an ambitious clean energy goal of reducing fossil fuel use to under 20 percent by 2060, according...
  • The document follows a pledge by President Xi Jinping to wean the world's biggest polluter off coal
  • But the country has been criticized for pushing ahead with opening dozens of new coal power plants

Aramco sets 2050 net-zero target

The company acknowledged that this would have its challenges.
  • Saudi Aramco chief Amin Nasser has said the company will achieve net-zero emissions by 2050
  • He was speaking at the Saudi Green Initiative forum, where Saudi Arabia pledged to become net-zero by 2060

Saudi Arabia eyes zero carbon emissions by 2060

At the Saudi Green Initiative forum, the Gulf country has also vowed to join a global effort to reduce methane...
  • Saudi Arabia has announced plans to reduce carbon emissions by 278 million tons annually by 2030
  • The country is also taking the Global Methane Pledge to reduce methane emission

New leaks rock Facebook

Internal documents seem to support the accusations.
  • Facebook held back from doing all it could to stop users from being radicalized, say recent leaks
  • It is also accused of not doing enough to stop US election misinformation from flooding the social network

Egypt looks to raise renewable energies share to 42% by 2035

Egypt is looking to increase the share of renewable energies to over 42 percent by 2035, after the country reached...
  • Mohamed Shaker, the minister of electricity and renewable energy, noted that Egypt has allocated 7,650 square kilometers of unused lands to new and renewable energy projects
  • He said that Egypt is the largest holder of electrical capacities in the MENA region and has the capacity to produce up to 90 gigawatts of wind and solar capacity

US climate envoy to take part in Middle East Green Summit

John Kerry, the US climate envoy, will be in Saudi Arabia on Sunday to participate in the Middle East Green...
  • Kerry will “engage with government counterparts and private sector leaders on efforts to address the climate crisis”
  • Saudi Arabia will host the inaugural Saudi Green Initiative Forum and Middle East Green Initiative Summit in Riyadh on Oct. 23-25

Animal kidney works in human patient in ‘potential miracle’

The donor animal belonged to a herd that had undergone a genetic editing procedure to knock out a gene that...
  • Critically, the organ was able to reduce the level of the molecule creatinine, a key indicator of kidney health
  • Montgomery carried out the surgery with several colleagues over the course of around two hours.

Rio Tinto to ‘halve’ emissions

Mining releases 4-7% of global greenhouse gas emissions.
  • Rio Tinto said it would spend around $7.5 billion from now until the end of the decade to reduce emission
  • The cut would be to so-called scope one and two emissions — from mining operations and power consumption

US lunar landing a ‘historic achievement’, says Biden

Washington, US - President Joe Biden on Saturday hailed the landing of a US spacecraft on the Moon as a historic...

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Saudi astronauts to conduct 11 experiments at Space Station

Riyadh, Saudi Arabia -– Two Saudi astronauts will conduct 14 scientific and research experiments during their ongoing space mission.The Kingdom’s...

Barnawi’s voyage: First Saudi female astronaut carries dreams of Arab women to space

Two astronauts, Barnawi and Ali Al-Qarni, said that they are fully prepared for their upcoming scientific mission to the International...

UAE sees 20 percent decrease in nitrogen oxide emissions: study

Dubai, UAE-- The UAE has witnessed a 20 percent drop in nitrogen oxide emissions from power generation activities, according to...

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Rise of ChatGPT: GCC might lose 10 million jobs in 5 years

Its transformative power to reshape life has left people awestruck across the world, but the technology that powers ChatGPT might...
  • According to a Goldman Sachs economist, more than 65 percent of occupations will be partially or fully automated in the coming years
  • Critics of generative artificial intelligence that powers chatbots argue that it can never be able to replace the genius of human mind

‘US needs $30bn to seal 14,000 unplugged offshore oil, gas wells’

The cost to secure thousands of inactive oil and gas wells in the US Gulf of Mexico could top $30...
  • The authors of the study said both taxpayers and fossil fuel giants would likely be liable for the costs of plugging and abandoning the wells.
  • The process includes encasing the opening in concrete to stop oil and the potent greenhouse gas methane from leaking out.

Natural capital, conservation should be priority for private sector in region

DUBAI, UAE -  The private sector and financial institutions in the Middle East should enhance reporting by including information about how...
  • The report indicates that almost half of the Middle East's GDP is either highly or moderately dependent on the environment.
  • Middle East faces a number of environmental challenges specific to the region, including scarce water resources and desertification.