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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.
  • Israel parliament rejects unilateral recognition of Palestinian state

    On Wednesday, Israel's parliament backed Netanyahu's proposal of opposing any unilateral recognition of a Palestinian state, with 99 out of...

    The vote came days after media reported that US and a small group of Arab nations were working out a comprehensive plan for long-term peace between Israel and the Palestinians

    Media reported that the plan would begin with a ceasefire expected to last at least six weeks, with officials hoping that an agreement could be reached before the start of Ramadan

  • Saudi foreign minister seeks G20 action on Gaza

    Rio de Janeiro, Brazil - Saudi Foreign Minister Prince Faisal bin Farhan called on G20 nations to apply pressure for...

    Prince Faisal voiced these sentiments during the inaugural session of the G20 Foreign Ministers' Meeting in Rio de Janeiro, Brazil

    The Saudi minister underlined the imperative for international institutions to uphold their commitments globally and adopt clearer stances

  • New Palestinian leaders needed after Gaza war: opposition figure

    Talks are aiming to secure a ceasefire of about six weeks starting between now and Ramadan, which is expected to...

    Kidwa, nephew of late Palestinian leader Yasser Arafat, said talks are seeking not just a pause in fighting but also addressing day-after scenarios

    Behind the scenes they are touching on wider post-war issues such as security, leadership reform, the creation of an independent Palestinian state, he said

  • Israeli strike on MSF shelter in Gaza kills two

    According to MSF, the attack killed the daughter-in-law and wife of one of their colleagues, and wounded six people, including...

    Israeli troops fired at the building, which was clearly marked with the MSF logo

    The charity said Israeli forces had been informed of the precise location" of the MSF shelter

  • Israeli air attack kills two in Damascus, says state media

    An Israeli strike on a residential area of Damascus killed at least two people, Syrian state media reported, the latest...

    The Syrian Observatory for Human Rights, a Britain-based war monitor, said that "a Syrian civilian" was killed as well as two foreign nationals.

    An AFP photographer said the strike hit a nine-storey building, with damage centered around the fourth floor and the exterior of building partially blackened.

  • Israelis unsure of ‘absolute victory’ in Gaza, finds poll

    Jerusalem - Despite Prime Minister Benjamin Netanyahu's insistence the Gaza war will end with Israel achieving "absolute victory", a majority...

    The Israel Democracy Institute think tank said only 38.3 percent of Israelis polled believed there was a "very high" or "fairly high" likelihood of an "absolute victory" in war.

    Some 55.3 percent of respondents conversely said there was a "fairly low" or "very low likelihood" of such an outcome. Just over six percent of the 612 respondents were undecided.

  • As truce talks resume in Cairo, people in Gaza suffer from hunger

    Heavy fighting rocked besieged Gaza as aid agencies warned of looming famine and new talks were held in Cairo towards...

    Combat and chaos again stalled the sporadic aid deliveries for desperate civilians in Gaza.

    The UN World Food Program said it was forced to halt aid deliveries in north Gaza because of "complete chaos and violence".

  • US urges UN court not to order Israel out of Palestinian lands

    The International Court of Justice is holding a week of hearings after a request from the UN, with an unprecedented...

    "The court should not find that Israel is legally obligated to immediately and unconditionally withdraw from occupied territory," said Richard Visek, US State Department advisor.

    "Any movement towards Israel withdrawal from the West Bank and Gaza requires consideration of Israel's very real security needs," he argued

  • Europe’s gas demand at 10-year low, to peak in 2025: report

    The invasion of Ukraine by Russia triggered a massive shift by European nations away from Russian natural gas delivered by...

    IEEFA said that European gas demand has declined by 20% since the start of the Russian invasion

    IEEFA noted that rush to build LNG terminals was continuing despite imports holding steady

  • Iran oil minister blames Israel for gas pipeline sabotage

    Tehran, Iran--Iran said Wednesday that Israel was behind twin sabotage attacks against gas pipelines that disrupted supplies in at least...

    The explosions on February 14 hit pipelines in the cities of Safashahr in the southern province of Fars and Borujen in the southwestern province of Chaharmahal and Bakhtiari.

    The Islamic republic's oil minister Javad Owji told reporters after a cabinet meeting in Tehran that "the explosion of the country's gas lines was the work of Israel"