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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.
  • Expelled from France, imam vows to challenge decision in court

    Soliman, Tunisia - A Tunisian imam expelled from France for alleged hate speech said on Friday he would take legal action...

    Mahjoub Mahjoubi, from the town of Bagnols-sur-Ceze in the south of France, denounced his removal as "arbitrary"

    He was expelled on the charges of giving a sermon that had "retrograde, intolerant and violent" image of Islam

  • American spaceship lands on moon, images expected soon

    The first American spaceship on the Moon since Apollo is "alive and well" following a drama-packed touchdown, the firm that...

    The Houston-based company's stock price soared by 40 percent in early trading before paring back to 24 percent.

    Intuitive Machines said Odysseus, which is the size of a large golf cart, is upright.

  • Price of natural gas in Europe falls to a 3-year low

    LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...

    Gas reserves, which are usually drawn down during winter for heating, are at 64.7 percent of storage capacity on average in the European Union.

    Gas prices soared in 2022 and into 2023 as Russia's invasion of Ukraine made EU countries limit consumption and diversify their sources of supply.

  • ADGM’s Registration Authority fines two firms for audit failings

    ABU DHABI, UAE – The Registration Authority (RA) of Abu Dhabi Global Market has fined Baker Tilly Middle East Limited...

    The RA fined Baker Tilly US$50,000 and Sturgeon US$12,500 for serious failings and gaps in the financial audit

    The RA expects ADGM firms to conduct and prepare audit reports in accordance with professional standards.

  • Shipping insurance rates soar on Red Sea missile attacks

    Maritime container transport has sunk by almost one third so far in 2024 compared with a year earlier, according to...

    The Houthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes

    Premiums for ships have "increased significantly" following the Houthi attacks, according to Frederic Denefle, head of Garex, a French firm specialized in marine risk insurance

  • Jordan, Oman sign agreements to ramp up investments

    Amman, Jordan--Jordan and Oman have signed a raft of agreements to boost direct investment in both the countries.The first memorandum...

    In 2022, Jordan exported $70.2 million worth of goods to Oman, while Jordan imported $57.4 million worth of goods from Oman

    The agreements between the two countries aim to establish partnerships for investment and trade between the two business sectors

  • Israel kills two Hizbollah fighters in drone strike

    A security source said that an Israeli drone shot two guided missiles at the building in Kfar Rumman, near the...

    Hizbollah confirmed that two of its fighters had been killed by Israeli fire

    The Lebanese armed group said it had fired rockets at Israel in response

  • Houthi missile attack damages British-owned ship off Yemen

    Dubai, United Arab Emirates - Yemen's Iran-backed Houthi rebels fired two missiles at a British-owned cargo ship passing through the Gulf...

    The rebels, who control much of Yemen, have carried out months of attacks on merchant vessels in the Red Sea and the Gulf of Aden

    The Houthis said they had also "fired a number of ballistic missiles and drones at various targets of the Zionist enemy" in the Israeli Red Sea resort of Eilat

  • Islamophobia rises threefold in UK after Israel-Hamas conflict

    "We are deeply concerned about the impacts that the Israel and Gaza war are having on hate crimes and on...

    Tell MAMA recorded 2,010 such cases in the four months since Hamas's deadly attack against Israel on October 7 sparked the conflict

    Some 901 cases occurred offline while 1,109 were online and most of the offline incidents took place in the British capital London

  • Palestinian gunmen kill 1 Israeli, injure 8 others in occupied West Bank

    The shooters were "neutralized", police said, and an AFP photographer later saw two bodies at the scene of the attack...

    Israel's internal security service Shin Bet identified the gunmen as Mohammed Zawahrah, 26, his brother Kathim Zawahrah, 31, and Ahmed al-Wahsh, also 31

    The attack near Maale Adumim came after two people were shot dead last Friday at a bus stop in southern Israel near the town of Kiryat Malakhi