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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.
  • Iranian President Raisi accuses US of disrupting Middle East security

    "The presence of US forces in our region has no justification," Raisi said in a Tehran ceremony ahead of the...

    Raisi said the US presence "in Iraq, Syria, Afghanistan and the region is in no way creating security. It disrupts the security in the region"

    Raisi's remarks to foreign diplomats came while US Secretary of State Antony Blinken was on a regional tour for talks on the Gaza ceasefire deal

  • Israeli strikes kill 10 including six civilians in Syrian city of Homs

    "Ten people, including six civilians and two Hizbollah fighters, were killed in Israeli strikes on a building in the Hamra...

    Three students and a woman were among the dead, two of whom have yet to be identified, an official said

    Two Hizbollah fighters were also among the dead, a source to the Iran-backed Lebanese group confirmed to AFP

  • Blinken in Israel voices hope for Gaza truce deal to free hostages

    "There's a lot of work to be done, but we are very much focused on doing that work and hopefully...

    UN Secretary-General Antonio Guterres warned that if Israel presses into Gaza's far-southern Rafah, it "would exponentially increase what is already a humanitarian nightmare".

    AFPTV footage showed frantic scenes of Palestinians running for their lives, many screaming, as gunfire rang out from advancing Israeli forces in a Gaza City neighborhood.

  • New round of Gaza negotiations to start in Cairo: Egypt source

    Cairo, Egypt -- Egypt and Qatar are sponsoring a new round of negotiations to start Thursday in Cairo aimed at achieving...

    A Hamas source with knowledge of the matter confirmed the Palestinian group had agreed to the talks, with the goal of "a ceasefire, an end to the war and a prisoner exchange deal".

    The Egyptian official said Cairo was urging "both parties to show the necessary flexibility" to achieve a truce in Hamas-run Gaza.

  • Gaza solidarity boycott hits global food chains

    As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.

    Starbucks sales grew at their slowest pace in a year, and profits fell short of Wall Street estimates as a spending slowdown took its toll.

    McDonald's shares declined for the second day after the company failed to achieve targeted sales for the first time since 2020 due to the war in the Middle East.

  • US lawmakers reject US$17.6 billion Israel aid bill

    Republicans in the House of Representatives scheduled the vote after the Democratic-led Senate released a bipartisan bill Sunday pairing billions of dollars for...

    The standalone Israel bill would have provided $17.6bn in military aid for the country

    167 Democrats voted no after Biden had threatened to wield his veto

  • Canada announces sanctions against Hamas leaders

    The move comes two weeks after Britain and the United States unveiled new coordinated asset freezes and travel bans on...

    The 11 individuals targeted by the Canadian measures include Hamas leader Yahya Sinwar and its military chief Mohammed Deif

    All the sanctioned individuals were said in a statement to be "integral to the planning, funding and execution of the October 7 attacks

  • Israel says studying Hamas response to truce deal

    Last week, a Hamas source said the truce deal calls for a six-week pause to fighting as Hamas frees hostages...

    US Secretary of State Antony Blinken, on his fifth tour of the region since the war broke out, arrived in Israel to discuss an "essential" agreement

    Hamas confirmed it delivered its response to proposals hammered out a week ago in Paris between Qatar and other mediators

  • Israeli air strikes on Syria’s Homs kill five people

    The Syrian Observatory for Human Rights said that five people have been killed including three civilians, and seven others were...

    The monitor said the identities of the two non-civilian casualties were unknown

    Israeli strikes last Monday near Damascus killed eight people, including pro-Iran fighters

  • Saudi Arabia to US: No Israel ties until Palestinian statehood within 1967 borders

    Riyadh, Saudi Arabia - Saudi Arabia on Tuesday explicitly conveyed to the United States its stance on diplomatic relations with...

    The announcement comes amidst ongoing discussions between Saudi Arabia and the US regarding the Arab-Israeli peace process

    The spokesperson for the US National Security Council had recently commented on these discussions, further emphasizing their significance