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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.

World needs $1bn right now to vaccinate stragglers: WHO chief

WHO chief Tedros Ghebreyesus also urged wealthy countries to suspend plans to provide booster shots.
  • Global efforts to slow the delta variant of Covid-19 have been hampered by its virulent nature
  • This has led to hotspots of hospitalizations and deaths in regions with low vaccination levels

US sanctions hamper medicine purchase, says Iran

Iran is currently experiencing its worst wave of new Covid-19 infections, in what is the third wave of the pandemic...
  • According to official figures, the seven-day average of new cases in the country was almost 40,000 on Tuesday
  • Till date, Iran has seen more than 4.5 million cases of Covid-19 infections, with more than 99,000 deaths so far

Probiotics can save corals from effects of climate change

A new study by King Abdullah University of Science and Technology and the Federal University of Rio de Janeiro shows...
  • The scientists created a probiotic using microbes derived from the coral itself, selecting strains with traits deemed likeliest to boost resilience
  • Probiotics increased the stability and survivorship in the algae-coral host relationship by more than 40%

US to announce Covid vaccine booster campaign

US officials are considering whether a third dose should be the same type of vaccine as a person's first two
  • The move could be announced as early as this week, The New York Times reported
  • US officials are considering whether a third dose should be the same type of vaccine as a person's first two

Green drive: Middle East bets big on renewables

To forestall the crippling effects of climate change, Saudi Arabia and the UAE have put on track projects worth billions...
  • Saudi Green Initiative aims to plant 10 billion trees in the coming years
  • RENA says the MENA region will save 354 million barrels of oil through the deployment of renewables

‘July was world’s hottest month on record’

The month was 0.02 degrees Fahrenheit higher than the previous record set in July 2016, which was equaled in 2019...
  • The month was 0.02 degrees Fahrenheit higher than the previous record set in July 2016, which was equaled in 2019 and 2020
  • Asia had its hottest July ever, surpassing 2010, it said, while Europe had its second-hottest July, trailing only 2018

10 die from Covid in Saudi Arabia

Covid shows no signs of relenting as ten people died in Saudi Arabia on Friday, and 681 were infected with...
  • The total number of recoveries in the Kingdom has increased to 520,358
  • A total of 8,388 people have succumbed to the virus in the Kingdom so far

Private investors set to inject $7.3bn in Saudi health

Saudi Arabia is aiming to lure private investors into the health sector of the kingdom with its plan to take...
  • The Saudi Ministry of Health aspires to increase the private sector’s participation from 25 percent to 35 percent by 2030
  • It is seeking to operate medical cities, hospitals and primary care centers

Speed up Covid-19 origin studies: WHO

Locating origins of the pandemic began important for establishing the origins of all future animal-human spillover events, WHO said.
  • Locating origins of the pandemic began important for establishing the origins of all future animal-human spillover events, WHO said.
  • Advises against blame game or politicizing the pandemic situation.

China approves first mixed-vaccine trial as Delta spread

The trial will test the efficacy of combining an "inactivated" vaccine made by China's Sinovac with a DNA-based one developed...
  • The trial will test the efficacy of combining an "inactivated" vaccine made by China's Sinovac with a DNA-based one developed by US pharmaceutical company Inovio
  • Preclinical work has found that "two different vaccine applications... produce an even stronger and more balanced immune response"

‘Game changer’: Gene therapy offers hope for children born deaf

Paris, France - A gene therapy that has allowed several children born deaf to hear for the first time is being...

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Pacific solar eclipse dazzles stargazers

Parts of Australia, Indonesia and East Timor were plunged into daytime darkness, delighting curious onlookers. On Australia's northwest tip, the...

67mn children missed out on vaccines because of Covid: UNICEF

A grim UNICEF report warns of a potential outbreaks of polio and measles in children who didn't get vaccinated because...

Special glasses can slow down myopia in children

Developed by Japan's Hoya Corporation, the Miyosmart lenses, which also function as normal glasses to help the children see clearly,...

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New tech taps oceans to tackle global warming

Scientists from University of California Los Angeles are working on a project aimed at using the oceans as a big...
  • The oceans, covering most of the Earth, are already the planet's main carbon sinks, acting as a critical buffer in the climate crisis.
  • They absorb a quarter of all CO2 emissions, as well as 90 percent of the warming that has occurred in recent decades due to increasing greenhouse gases.

Saudi Crown Prince meets astronauts prior to their space trip

Jeddah, Saudi Arabia - Saudi Crown Prince Mohammed bin Salman bin Abdulaziz on Monday  met the Saudi astronauts: Rayana Bernawi,...
  • The Crown Prince noted that the Saudi people see Rayana Bernawi and Ali Al-Qarni as ambassadors of the kingdom at the ISS
  • He also underlined the importance of the space sector as a major pillar in enhancing the kingdom’s global competitiveness

UAE launches its second nanosatellite DEWA SAT-2

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) successfully launched its second nanosatellite, DEWA SAT-2, aboard SpaceX’s Falcon 9...
  • The launch of DEWA SAT-2 underlines the firm's commitment in using space technologies to improve the operations and maintenance of electricity and water networks.
  • The nanosatellite was designed and developed by Emiratis at DEWA’s Research and Development Center, in collaboration with NanoAvionics in Lithuania.