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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.
  • Gaza health ministry: 5 die in Israeli-raided hospital after oxygen cut

    Five patients from the intensive care unit had died "as a result of the stopping of generators that caused a...

    The Israeli army said Thursday it had launched a "precise" operation in the hospital after receiving "credible intelligence" to suggest hostages had been held inside

    Medical charity Doctors Without Borders said on Thursday that shelling of the Nasser hospital had forced its staff to flee, leaving patients behind

  • Hizbollah chief says Israel to pay ‘with blood’ for Lebanon civilians killed

    Nasrallah said the killing of civilians was aimed at "putting pressure" on Hizbollah to stop attacks on Israel, but stressed...

    He warned that his movement has "precision-guided missiles that can reach... Eilat", on Israel's Red Sea coast, beyond the northern towns it usually targets in retaliatory strike

    Hamas ally Hizbollah and its arch-foe Israel have been exchanging near-daily fire across the border since the Israel-Hamas war broke out on October 7

  • Recognizing Palestine state not a taboo for France, says Macron

    "The recognition of a Palestinian state is not a taboo for France," he said at a joint press conference in...

    His comments come after Benjamin Netanyahu rejected a plan for international recognition of such a state, following reports of such an initiative in The Washington Post.

    Macron also repeated a warning against Israel attacking the city of Rafah, the southernmost point in the besieged and bombarded Palestinian territory of Gaza.

  • A royal decree dissolves Kuwait parliament as political wrangling persists

    Kuwait City, Kuwait--Kuwait dissolved parliament on Thursday after a protracted stalemate between cabinet ministers and lawmakers dragged on despite the accession...

    According to KUNA, the official news agency, a "royal decree was issued to dissolve the national assembly" elected in June of 2023

    The royal decree came after ministers boycotted a parliamentary session on Wednesday, objecting to a speech delivered by a lawmaker

  • Iran, Armenia eye $3 billion bilateral trade volume

    Tehran, Iran – Deputy Prime Minister of Armenia Mher Grigoryan on Thursday said that Iran and Armenia have the potential...

    Grigoryan made the remarks during the 18th meeting of the Iran-Armenia Joint Economic Commission where he also described Iran as “a very important partner.”

    The 18th meeting of the Iran-Armenia Joint Economic Commission was held on February 14-15 in Tehran to further foster economic ties between the two countries

  • Israel faces fresh US calls against attack on Rafah

    Palestinian Territories - Israel faced renewed calls from key ally the United States on Friday against launching a large-scale attack...

    Israeli Prime Minister Benjamin Netanyahu has insisted he would push ahead with a "powerful" operation in the overcrowded city to achieve "complete victory" over the Hamas

    The White House said US President Joe Biden had spoken by phone with Netanyahu late Thursday, urging him not to carry out an attack on Rafah without a plan to keep civilians safe

  • In Egypt, Brazil’s president denounces Israel’s Gaza war

    Speaking before an Arab League meeting in Cairo, President Luiz Inacio Lula da Silva, on his second trip to Egypt...

    The Brazilian leader said in the speech "stop the collective punishment"

    Lula, in November, accused Israel of committing the "equivalent of terrorism" in Gaza

  • Israel PM spurns global recognition of a Palestinian state

    In a post in Hebrew on social media platform X, Israel's Prime Minister Benjamin Netanyahu said that the Jewish country...

    His comments follow a similar rejection by far-right ministers Itamar Ben-Gvir

    The Washington Post reported that the US and Arab diplomats were working on a plan for peace

  • Record number of West Bank outposts set up in 2023, says Israel NGO

    Jerusalem - Israeli settlers established a record number of wildcat outposts in the occupied West Bank in 2023, a watchdog...

    Twenty-six settlements not recognized by the Israeli government were established last year, including around 10 since the war in the Gaza Strip broke out.

    Peace Now said 2023 saw the highest number of wildcat outposts -- those established without the approval of the Israeli authorities -- since it began in 1996.

  • Indian PM Modi seeks enhancing of ties in Qatar visit

    Doha, Qatar - Indian Prime Minister Narendra Modi on Thursday committed to strengthening ties with Qatar during his first visit to...

    The visit follows the release earlier this month of eight Indian ex-navy personnel arrested by Qatar and sentenced to death, according to India's foreign ministry.

    The premier also thanked Sheikh Tamim bin Hamad Al-Thani for hosting the 800,000-strong Indian community in the tiny Gulf state.