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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.

UAE begins pipeline project to ease Gaza water shortage

Jerusalem, Undefined -- The United Arab Emirates has begun construction on a major pipeline to carry desalinated water from Egypt...
  • Technical teams sent by the UAE have started transporting equipment needed for the project, the Emirati state news agency WAM reported.
  • The project would link a desalination plant in Egypt to the Al-Mawasi area along Gaza's coast and could supply about 600,000 people daily, COGAT said.

Saudi Arabia, UAE rank among top 20 nations globally for AI talent density

With the goal of becoming one of the world’s top 10 countries in AI research and application by 2030, Saudi...
  • King Abdullah University of Science and Technology (KAUST) enters top 150 universities globally for producing AI talent, becoming the highest-ranked university in Middle East
  • Saudi Arabia offers some of the most competitive compensation packages for AI talent globally, with top scientists earning a median annual salary of USD 420,000, tax-free

BRICS call for ‘unconditional’ Gaza ceasefire, condemn air strikes on Iran

The BRICS also called for a "full withdrawal of Israeli forces from the Gaza Strip and all other parts of...
  • The bloc's statement came as Gaza truce talks between Israel and Hamas resumed in Doha, and as pressure mounted to end the war.
  • The BRICS gathering includes Israel's arch foe Iran, but also nations like Russia, which have close ties with the country.

Gaza truce talks: Netanyahu says sending a team to Qatar after Hamas nod

But Netanyahu, who is due to meet with President Donald Trump in Washington on Monday, said the Palestinian group's proposals...
  • Trump has been making a renewed push to end nearly 21 months of war in Gaza, where the civil defense agency said 42 people were killed in Israeli military operations on Saturday.
  • Hamas said Friday it was ready "to engage immediately and seriously" in negotiations, and was sending its responses to the truce proposal.

Musk creates America Party to challenge US’s ‘one-party system’

The world's richest person -- and Trump's biggest political donor in the 2024 election -- had a bitter falling out...
  • Musk has clashed with Trump over the president's massive domestic spending plan, saying it would explode the US debt, and vowed to defeat lawmakers who voted for it.
  • Musk also shared a meme depicting a two-headed snake and the caption "End the Uniparty."

Iran says no plan for new US nuclear talks, plays down impact of strikes

Iran's Foreign Minister Abbas Araghchi shut down what he said was "speculation" that Tehran would come to the table and...
  • Iran's Foreign Minister Abbas Araghchi shut down what he said was "speculation" that Tehran would come to the table and said it "should not be taken seriously."
  • "I would like to state clearly that no agreement, arrangement or conversation has been made to start new negotiations," he said on state television

US hits back at accounts Iran moved enriched uranium before bombing

Trump, seeking credit for ordering military action and then quickly announcing a ceasefire between Israel and Iran, has lashed out...
  • Trump has lashed out angrily at media accounts of a classified report that doubted the extent of damage to Iranian nuclear sites
  • Vice President JD Vance, asked about the uranium on Sunday, had sounded less definitive and said the United States would discuss the issue with Iran

Arab states erupt in condemnation after US strikes on Iran

Iran's former arch-rival in the region, Saudi Arabia, which has been engaged in a Chinese-brokered détente with Tehran since 2023,...
  • Many of the oil-rich countries host major US assets and bases and fear that a spillover from the war could threaten their security and economy.
  • Qatar, host of the biggest US military base in the Middle East, said it feared "catastrophic consequences" for the region and the entire world.

Turkey to export 48 fighter jets to Indonesia, deal valued at 10 billion dollars

Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues.
  • Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues
  • The contract, valued at 10 billion dollars, includes the production and delivery of the Kaan fighter jets to Indonesia over a ten-year period

EU tells Israel to reverse move to cut off Palestinian banks

Brussels, Belgium -- The EU on Wednesday urged Israel to undo a move by a far-right minister that threatens to...
  • Israeli finance minister Bezalel Smotrich announced Tuesday that Israel had cancelled a waiver allowing its banks to work with Palestinian ones.
  • The Palestinian financial and banking system is dependent on the regular renewal of the Israeli waiver.

ChatGPT to get parental controls after teen’s death

Paris, France -- American artificial intelligence firm OpenAI said Tuesday it would add parental controls to its chatbot ChatGPT, a...

Latest News

BRICS call for ‘unconditional’ Gaza ceasefire, condemn air strikes on Iran

The BRICS also called for a "full withdrawal of Israeli forces from the Gaza Strip and all other parts of...

Gaza truce talks: Netanyahu says sending a team to Qatar after Hamas nod

But Netanyahu, who is due to meet with President Donald Trump in Washington on Monday, said the Palestinian group's proposals...

Musk creates America Party to challenge US’s ‘one-party system’

The world's richest person -- and Trump's biggest political donor in the 2024 election -- had a bitter falling out...

Most Read

US hits back at accounts Iran moved enriched uranium before bombing

Trump, seeking credit for ordering military action and then quickly announcing a ceasefire between Israel and Iran, has lashed out...
  • Trump has lashed out angrily at media accounts of a classified report that doubted the extent of damage to Iranian nuclear sites
  • Vice President JD Vance, asked about the uranium on Sunday, had sounded less definitive and said the United States would discuss the issue with Iran

Arab states erupt in condemnation after US strikes on Iran

Iran's former arch-rival in the region, Saudi Arabia, which has been engaged in a Chinese-brokered détente with Tehran since 2023,...
  • Many of the oil-rich countries host major US assets and bases and fear that a spillover from the war could threaten their security and economy.
  • Qatar, host of the biggest US military base in the Middle East, said it feared "catastrophic consequences" for the region and the entire world.

Turkey to export 48 fighter jets to Indonesia, deal valued at 10 billion dollars

Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues.
  • Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues
  • The contract, valued at 10 billion dollars, includes the production and delivery of the Kaan fighter jets to Indonesia over a ten-year period