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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.

Unesco recognizes Saudi marine sanctuary

The UN body has registered the Farasan Island Marine Sanctuary in its Man and Biosphere Program.
  • The Farasan Islands are said to support the largest population of idmi gazelle in Saudi Arabia
  • They also have high concentrations of greater flamingo, pink-backed pelican, Eurasian spoonbill, and osprey

SpaceX sends all-civilian crew into orbit

Unlike previous missions, there will be no experienced or officially trained astronaut onboard. The SpaceX launch is the first of...
  • The Falcon 9 rocket blasted off on Wednesday night from the Kennedy Space Center in Florida.
  • The four space tourists will orbit the Earth for three days in a fully automated Crew Dragon capsule that has been specially designed for this journey.

Bioscience firm to bring back extinct woolly mammoth

New company Colossal, capitalizing on a partnership with a Harvard geneticist, said its species "de-extinction" effort has the potential to...
  • Woolly mammoths roamed much of the Arctic, and co-existed with early humans
  • For decades, scientists have been trying to sequence the mammoth's DNA

UAE launches competition to promote space-related careers

The competition, called Planet X, has been launched by Emirates Mars Mission in partnership with the Dubai Airshow 2021.
  • The multidisciplinary contest is expected to help young Emiratis interested in science, technology, engineering, and mathematics
  • As part of the two-month contest, they will have to build, code, and design robots for deep-space exploration

Saudi mega power plant still seeking takers

The Ras Al Khair plant produces 1.05 million cu m of desalinated water per day and generates 2.65 GW of...
  • Saudi Arabia was planning to sell 60 percent stake in the Ras Al Khair plant and raise $2 billion
  • However, bidders backed out after considering several factors, including the plant’s age and its waning technology

Mars rocks boost case for ancient life

The six-wheeled robot collected its first sample, dubbed "Montdenier" on September 6, and its second, "Montagnac" from the same rock...
  • The six-wheeled robot collected its first sample, dubbed "Montdenier" on September 6, and its second, "Montagnac" from the same rock on September 8
  • Both samples, slightly wider than a pencil in diameter and about six centimeters long, are now stored in sealed tubes in the rover's interior.

GCC in hot pursuit of 2050 emission goals

The GCC nations are looking at the $500-billion market for Green Hydrogen by 2050, but will it be enough?
  • IRENA says GCC countries need to invest up to $148 billion each year until 2050 to meet the goals of the Paris agreement
  • DNV expects clean-energy expenditure to increase by around 70 percent between 2019 and 2030 to $1.9tn

Saudi institute invests $500,000 to research farming in space

The equity investment was reportedly a part of Interstellar Lab's latest $3-million seed round.
  • The non-profit FII Institute has made the investment in the French firm Interstellar Lab
  • The Paris-based firm designs closed-loop bio domes for sustaining life on Earth, the moon, and Mars

AstraZeneca: Nerve disorder a rare side effect

The European Medicines Agency has listed the neurological disorder Guillain-Barre syndrome, which can cause temporary paralysis, as a "very rare"...
  • Guillain-Barre Syndrome was a "very rare" side effect, occurring in under one in 10,000 people
  • The disorder is a nerve inflammation that may cause temporary paralysis and difficulty breathing

Aramco to partner with Aveva for sustainability

Aramco, with this partnership, will focus on driving sustainability in the region through digital transformation.
  • The partnership will help Aveva establish its largest digital hub, with R&D capability, in the Middle East
  • It will also enrich Saudi Arabia’s knowledge economy by incorporating research from prominent universities across the kingdom

World’s biggest flying lab comes to Asia on air pollution mission

Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in...

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UAE stays hopeful even as Rashid Rover, other payloads miss chance to explore moon

Despite the unsuccessful lunar landing of HAKUTO-R Mission 1, the Mohammed Bin Rashid Space Centre (MBRSC) remains optimistic about future...

Tokyo firm loses contact with lander carrying UAE’s moon explorer

The UAE-made Rashid Rover aboard the Hakuto Mission 1 Lunar lander was nearing its destination on the Moon when the...

UAE Spacecraft captures close-up images of Mars’ little moon

The findings were presented Monday at the European Geosciences Union's general assembly in Vienna. They challenge the leading theory that...

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SpaceX rocket leaves trail of debris, craters at Texas base

During takeoff, SpaceX video showed a hail of debris being blasted as far as the Gulf of Mexico, over 1,400...
  • After Thursday's test, Musk said that SpaceX had begun building "a massive water-cooled steel plate to go under the launch mount"
  • The US agency, which is leading an investigation into the explosion, has confirmed that no injuries resulted from Thursday's test

Air pollution causes more than 1,200 deaths a year: EU agency

The EU environmental agency said that air pollution is responsible for causing more than 1,200 premature deaths a year in...
  • The overall death tolls for the continent could be higher as the report did not cover the major industrial nations of Russia, Ukraine and the United Kingdom
  • According to figures released on Monday, ninety-seven percent of the urban population were in 2021 exposed to air that did not meet WHO recommendations

UK to test new alert system on mobile phones

LONDON, UK - The UK will conduct its first test of a new emergency alert service on Sunday, with millions of...
  • The alert system, modeled on schemes in Canada, Japan, and the US aims to warn the public if there is a danger to life nearby.
  • Emergency services and the government hope to use the system to alert people to issues such as severe flooding and fires.