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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.

Five billion could struggle to access water in 2050: UN

Already in 2018, 3.6 billion people had inadequate access to water for at least one month per year, and only...
  • Over the last 20 years, the levels of water stored on land had dropped at a rate of 1 cm per year
  • This includes water on the surface, in the subsurface, in snow and ice

UAE spacecraft to explore asteroid belt beyond Mars

The United Arab Emirates will launch a spacecraft to explore a major asteroid belt between Mars and Jupiter, officials said...
  • In September 2019, the oil-rich country sent the first Emirati into space
  • The UAE also has plans to send an unmanned rover to the moon by 2024

Nobel Prize in Physics rewards climate research

The Nobel Physics Prize has been awarded for ‘groundbreaking contributions to our understanding of complex physical systems.’
  • Syukuro Manabe demonstrated how increased levels of carbon dioxide in the atmosphere lead to increased temperatures
  • Klaus Hasselmann created a model that linked together weather and climate, thus explaining why climate models can be reliable

UAE, Saudi Arabia lead regional innovations

The Arab countries have their own share in terms of investment in innovations with the UAE and Saudi Arabia leading...
  • Despite human and economic toll of the COVID-19 pandemic, investments in innovation have increased in parts of the world
  • The UAE ranks first among the top 12 most innovative Arab countries in 2021 and 33rd in the world, according to the Global Innovation Index

World airlines commit to ‘net zero’ CO2 emissions by 2050

The world's airlines made a joint pledge Monday to reach "net zero" CO2 by 2050, as the aviation industry ramps...
  • "The important decision that we must make today will secure the freedom to fly for future generations"
  • IATA represents 290 member airlines comprising 82 percent of pre-pandemic global air traffic

TRSDC of Saudi Arabia partners with an Austrian biotech firm to produce seafood

The Red Sea Development Company (TRSDC) of Saudi Arabia has partnered with an Austrian biotechnology firm, Blue Planet Ecosystems (BPE),...
  • "The initiative is in response to “growing consumer demand for sustainable protein”
  • BPE will specifically provide the Land-based Automated Recirculating Aquaculture (LARA) system, which mimics a natural aquatic ecosystem

American scientist duo wins Nobel in medicine

They will share the Nobel Prize cheque for 10 million Swedish kronor ($1.1 million, €1 million).
  • The scientists had won the prize for discoveries on receptors for temperature and touch
  • In essence they discovered how humans, for instance, feal the warmth of the sun or when they touch something hot

‘Mad’ Israeli quest to revive ancient dates bears fruit

A project has managed to grow date palm trees from 2,000-year-old seeds found near the Dead Sea.
  • Samples of the dates from the trees will be available for sale soon, said the team that grew the trees
  • They used an enzyme-based fertilizer to grow the plants, ruling out the use of any man-made chemicals

R&D in Arab world: Challenges and successes

Raging political crises across the region have negatively impacted the economies of several countries. Consequently, spending on research has barely...
  • Jordan's ratio of researchers to its citizens was 150 percent of that of its closest competitors.
  • Saudi Arabia spared the highest--$12.5 billion--funds for research and development in the Middle East and Africa Region,

Saudi Arabia announces vaccine mandate for public

Saudi authorities will require people to have double immunization starting at 6 am on October 10 if they are to...
  • Saudi residents will need double immunization to enter any economic, commercial, cultural, recreational, sports, or tourism activity
  • They will also require it to enter any cultural, scientific, social, or recreational event

Musk says patient moves cursor with brain implant

The Neuralink startup, cofounded by Musk in 2016, aims to build direct communication channels between the brain and computers. The...

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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...

NASA sends two small satellites into orbit to track hurricanes

A second Rocket Lab-built vessel is due to launch in about two weeks carrying two more satellites to complete a...

UAE astronaut, others relocate SpaceX Dragon on ISS

The relocation of the spacecraft was supported by the Mission Control Centre at NASA’s Johnson Space Centre in Houston, SpaceX...

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UAE astronaut AlNeyadi to join docking port relocation mission

This will be the third port relocation of a Dragon crew spacecraft, following previous relocations during the Crew-1 and Crew-2...
  • AlNeyadi will take part in the mission along with NASA astronauts Stephen Bowen and Woody Hoburg and Roscosmos cosmonaut Andrey Fedyaev.
  • The relocation is supported by the Mission Control Centre at NASA’s Johnson Space Centre in Houston and SpaceX in Hawthorne, California.

Sharjah okays Genetic Coding Program to classify emirate’s biodiversity

Sharjah, UAE - The Sharjah Executive Council (SEC) approved Tuesday the "Genetic Coding Programme" project to classify biodiversity in Sharjah,...
  • The project aims to create a unified database of genetic coding for the types of living organisms, harness labs to determine the identity of living organisms at the DNA level.
  • Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the SEC approved the program.

MoHAP inks deal with Coursera to upgrade skills of employees

The agreement also provides for the creation of a cohesive relationship between the ministry's strategic priorities and training needs, as...
  • Under the agreement, MoHAP’s teams will gain the requisite skills to expedite innovation and digital transformation within the Ministry.
  • The agreement sets a training plan that prioritizes the development of employees' capabilities in leadership, technical and behavioral skills.