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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.
  • Roadmap out for environmental education, sustainable development at WEEC2024

    ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...
  • Lebanon judge charges Nissan employees for allegedly stealing Ghosn documents

    BEIRUT, LEBANON - A Lebanese judge has charged four Nissan employees with the theft of documents and devices from the Beirut...

    A lawyer for the company said that the legal action was "unlawful" and that they would seek to have the charges thrown out.

    The Beirut judge has decided to prosecute "four senior Nissan officials" of Japanese, Spanish, French and British nationalities.

  • Iran unveils air defense systems amid rise in Middle East tensions

    Tehran, Iran - Iran unveiled two new air defense systems on Saturday, state media reported, with tensions high in the Middle...

    "The Arman anti-ballistic missile system and the Azarakhsh low-altitude air defense system, built by the ministry of defense, were unveiled this morning," local reports said.

    The unveiling of the new weapons comes at a time of heightened regional tensions with the war between Israel and Tehran-backed Hamas raging into a fifth month.

  • Hamas chief says group seeks complete truce in Gaza

    Palestinian Territories - Hamas chief Ismail Haniyeh on Saturday reiterated the group's demand of a complete ceasefire in Gaza, a...

    In a statement issued on Saturday, Qatar-based Haniyeh reiterated the group's several demands, including an end to fighting in Gaza.

    Haniyeh insisted that those displaced from the north be returned to their areas in the territory and also called for the release of Hamas prisoners.

  • UNRWA chief says Israel wants to destroy agency

    Geneva, Switzerland - Israel is waging a concerted campaign aimed at destroying UNRWA, the head of the UN agency for Palestinian...

    "Right now we are dealing with an expanded, concerted campaign by Israel aimed at destroying UNRWA," he told the Swiss newspaper group Tamedia

    Israel has called for Lazzarini to step down following claims that a Hamas tunnel had been discovered under its evacuated Gaza City headquarters.

  • Pakistan official admits being part of election rigging

    Islamabad, Pakistan - A senior bureaucrat said on Saturday he helped rig Pakistan's elections, a week after polls marred by allegations...

    Liaqat Ali Chattha, commissioner of the garrison city of Rawalpindi, said he would hand himself over to police.

    "We converted the losers into winners, reversing margins of 70,000 votes in 13 national assembly seats," he said.

  • Fear pervades West Bank hospital after deadly Israeli raid

    Jenin, Palestinian Territories - A climate of fear pervades a hospital in the occupied West Bank city of Jenin, where patients...

    At the rehabilitation ward at Jenin's Ibn Sina hospital, two patients recalled hearing the screams of a nurse as Israeli forces reached the third floor.

    Such an attack "creates fear and is dangerous for health workers and patients", said Rik Peeperkorn, the UN agency's envoy for the Palestinian territories.

  • WTO chief insists global trade body still counts

    WTO members' trade ministers have their biennial meeting in Abu Dhabi from February 26-29, at which they could put the...

    World Trade Organization is hoping for results from its 13th ministerial meeting in Abu Dhabi, particularly on fishing, agriculture and electronic commerce

    WTO chief said the meeting to be tough due to the "economic and political headwinds", from Ukraine war, the attacks in the Red Sea and economic difficulties in Europe and China

  • Coups, conflicts and crises confront African summit

    Ahead of the gathering in the Ethiopian capital Addis Ababa, African Union Commission head Moussa Faki Mahamat voiced alarm at...

    Gabon and Niger will be absent from the summit following their suspension over coups last year -- joining Mali, Guinea, Sudan and Burkina Faso, which are also barred

    Beyond Africa, the Israel-Hamas conflict in Gaza is a hot topic, with African Union Commission head Moussa Faki Mahamat describing it as a "war of extermination."

  • Missile attack targets ship off Yemen: security agencies

    Friday's strike came as a US decision in January to redesignate the Houthis as "terrorists" formally came into force. The...

    US State Department spokesperson said a missile fired from Yemen "struck the port side of the India-bound, Panamanian-flagged MT Pollux, which was carrying crude oil

    Security firm Ambrey said the Panama-flagged tanker "sustained minor damage" in the missile strike northwest of the Yemeni coastal city of Mokha