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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.
  • Dubai RTA awards US$95m contract to upgrade ticketing system   

    DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...

    The aim is upgrade the existing card-based ticketing system to an account based ticketing system, aligning with the top global practices.

    It seeks to develop a flexible and 100 percent scalable digital infrastructure, ensuring 100 percent fintech integration in mobility solutions.

  • US, Egypt, Qatar and Israel officials in Paris talks for Gaza ceasefire

    French authorities were also in touch with these four countries with the aim of negotiating a halt to hostilities between...

    Negotiators were getting closer to an agreement under which Israel would suspend its war in Gaza for about two months in return for the release of more than 100 hostages.

    Qatar is playing a key role in the latest talks after brokering a hostage release deal in November.

  • UN chief calls for continuity in aid as battle rages in Gaza

    Heavy fighting raged in Gaza amid a row over the UN agency for Palestinian refugees that has called its future...

    The Israeli army said special forces were continuing to engage in "intensive battles" in Gaza's main southern city of Khan Yunis.

    UNRWA said it had fired several employees over Israel's accusations of its staff

  • Turkey earthquake survivors seek justice one year on

    The disaster, which killed more than 50,000 people in all, was Turkey's deadliest in many centuries. President Recep Tayyip Erdogan...

    More than 200 contractors and developers were arrested in the immediate aftermath of the quake, some tried to flee abroad and were detained at Istanbul airports

    But lawyers representing victims' families fear that numerous contractors may escape blame because much of incriminating evidence disappeared when bulldozers cleared the debris

  • Trump stokes opposition to Biden border plan

    With immigration one of the hottest electoral issues in what increasingly looks like a Trump-Biden rematch for the White House,...

    Joe Biden threw his weight behind the proposed bill on Saturday

    Donald Trump has instead continued to castigate Biden over "open borders"

  • Iran puts three satellites simultaneously into orbit

    Western governments including the United States have repeatedly warned Iran against such launches, saying the same technology can be used...

    The Mahda satellite, which weighs around 32 kilograms and was developed by Iran's Space Agency, is designed to test advanced satellite subsystems

    The other two, Kayhan 2 and Hatef, weigh under 10 kilograms each and are aimed to test space-based positioning technology and narrowband communication

  • UN chief asks donors for ‘continuity’ in Gaza agency operations

    The row between Israel and UNRWA follows the UN's ICJ ruling that Israel must prevent possible acts of genocide in...

    UN agency has fired several staff over Israel's accusations

    Several key donor countries have said they will temporarily suspend their funding

  • Israel to stop UN agency’s activities in Gaza after war

    Israeli Foreign Minister Israel Katz called on UNRWA Commissioner-General to quit his post. Katz said in a statement that the...

    UNRWA said Friday it had fired several employees over Israel's accusations

    Donors including Germany, Britain and others suspended additional funding to the agency

  • Thousands march in Spain against Gaza ‘genocide’

    Waving Palestinian flags and shouting slogans denouncing Israel, protestors expressed gratitude to South Africa for having brought the case against...

    The ICJ in its ruling said Israel must prevent genocide in its war with Hamas

    Many protestors carried banners calling for sanctions to be levied against Israel

  • US troops destroy Houthi’s anti-ship missile in Yemen

    US forces struck an anti-ship missile in Houthi-held Yemen that they said was ready to fire, hours after the Iran-backed...

    The US has also carried out a series of unilateral air raids, but the Houthis have vowed to continue their attacks.

    The Houthis' Al-Masirah television said the US and the UK launched two air strikes on the port of Ras Issa in Yemen's Hodeida province.