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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.
  • US envoy blames Iran, Hizbollah for aiding Houthi attacks

    The US special envoy for Yemen, Tim Lenderking, told a Senate subcommittee that Iran was "equipping and facilitating" the Huthi...

    He believes the Yemeni people don't want the Iranians in their country

    The US envoy acknowledged that the rebels have not been deterred

  • Tunisian president emphasizes need to bolster security in Arab societies

    Tunis, Tunisia--Tunisian President Kais Saied on Monday stressed the need to reach an approach that contributes to enhancing the security...

    The president spoke at the the 41st session of the Arab Interior Ministers Council launched in Tunis, calling for efforts to deal effectively with all security challenges

    Saudi interior minister said the regularly scheduled council meetings "reflects the common awareness of the importance of coordination to confront all the challenges

  • Israel’s triple crisis: War, politics and economy

    Israel grapples with escalating uncertainty as the Gaza conflict persists, stirring military, political, and economic turmoil alongside rising fears of...

    Israel grapples with escalating uncertainty as the Gaza conflict persists, stirring military, political, and economic turmoil alongside rising fears of financial instability.

    Israel's vital high-tech sector risks losing international investments, while Moody's historic downgrade reflects heightened political risk and eroding state institutions.

  • Qatar says hopeful for Gaza truce before month of Ramadan

    Doha, Qatar - Qatar is "hopeful" of a Gaza war ceasefire and is pushing for an agreement before Ramadan, its foreign...

    Egyptian, Qatari and US mediators met in Doha for talks also attended by Israeli and Hamas representatives.

    Qatar has been a key mediator in negotiations involving the Palestinian fighters, Israel, the United States and Egypt.

  • Israeli troops kill 3 Palestinians in West Bank’s refugee camp

    Tubas, Palestinian Territories - Israeli troops killed three Palestinians in an overnight raid in a refugee camp in the occupied West...

    The Palestinian health ministry in Ramallah said the three men were killed "by Israeli occupation bullets" during clashes in the Faraa refugee camp.

    One of the three men killed was a fighter, a Palestinian official said, while the other two were civilians "in their homes and were killed by snipers deployed in the camp".

  • Zelenskyy in Saudi Arabia to discuss war; meets Mohammed bin Salman

    RIYADH, SAUDI ARABIA - President of Ukraine Volodymyr Zelenskyy and his accompanying delegation arrived here on Tuesday.The Ukrainian President was...

    At the Royal Terminal in King Khalid International Airport, Zelenskyy was received by the Deputy Governor of Riyadh Region and other senior officials.

    The 10th Saudi relief plane operated by King Salman Humanitarian Aid and Relief Center (KSrelief) reached a Polish airport, close to the Ukrainian border.

  • UAE announces US$2,722 penalty for late corporate tax registration

    ABU DHABI, UAE – The Ministry of Finance on Tuesday announced the issuance of Cabinet Decision No. 10 of 2024...

    A penalty of US$2,722 (AED10,000) will be imposed on businesses that do not submit their Corporate Tax registration applications on time.

    The penalty was implemented to prompt taxpayer compliance with laws through timely corporate tax registration.

  • France says ‘nothing ruled out’ to thwart Russia in Ukraine

    French Prime Minister Gabriel Attal told the RTL broadcaster that there was "no consensus" on any "official" deployment of ground...

    Speaking a day after President Emmanuel Macron said that sending Western ground troops was not excluded, prime minister Attal said that "you can't rule anything out in a war."

    Macron, after hosting a meeting of two dozen European leaders to discuss Ukraine, on Monday painted a grim picture of a Russia whose positions he said were "hardening."

  • Hizbollah fires new barrage of rockets at Israeli air base

    Beirut, Lebanon--Lebanon's Hizbollah said it launched a salvo of rockets at an Israeli air control base on Tuesday in retaliation for...

    The Lebanese armed group said it targeted the "Meron air control base... with a large salvo of rockets from several launchers"

    Hizbollah's rocket assault was sparked off after Israel struck Hizbollah targets near the city of Baalbek, killing two of its fighters

  • US welcomes Palestinian Authority reform after PM quits

    The Palestinian leadership has been divided since 2007, with the Palestinian Authority exercising limited power in the West Bank. Blinken...

    "We do welcome steps for the PA to reform and revitalize itself," State Department spokesman Matthew Miller told reporters, using the Palestinian Authority's initials

    State Department spokesman declined to comment directly on the resignation of prime minister Mohammad Shtayyeh, saying it was an internal matter for Palestinians