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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.
  • UAE plans to issue bonds, Sukuk valued at $1.3bn in Q1 2024, says official

    HONG KONG - UAE Ministry of Finance Undersecretary Younis Haji Al Khoori announced that the ministry's issuance of bonds and...

    The Islamic Treasury Sukuk launched in 2023 and valued at US$299 million experienced robust demand, with bids received worth US$2.2 billion.

    The UAE is Hong Kong's largest trading partner in Middle East, with non-oil trade reaching $6 billion (AED22.2 billion) in the first half of 2022.

  • Israel far-right minister slams Qatar over Hamas attack

    Finance Minister Bezalel Smotrich commented after Prime Minister Benjamin Netanyahu was caught on tape allegedly telling hostages' families this week...

    Qatar is the "patron of Hamas and is largely responsible for the massacre committed by Hamas of Israeli citizens", Finance Minister Bezalel Smotrich said on X

    Smotrich's remarks come as Biden's Middle East envoy was in the region for talks aimed at brokering a new deal to free the remaining captives in exchange for a pause in fighting

  • ECB to urge patience on rate cuts in battle against inflation

    The central bank is tipped to leave rates unchanged for a third consecutive meeting, keeping the benchmark deposit rate at...

    Frankfurt institute launched an unprecedented rate hiking cycle in mid-2022

    ECB watchers will be more interested in president Christine Lagarde's press conference

  • Clean energy largest driver of Chinese GDP growth in 2023: report

    China is the world's biggest emitter of greenhouse gases driving climate change, but it is also the top producer of...

    Investment in "clean-energy" sectors accounted for 40 percent of China's GDP expansion last year, researchers at the Finland-based CREA said

    The researchers examined investment in solar power, electric vehicles, energy efficiency, railways, energy storage, electricity grids, wind, nuclear and hydropower

  • Fighting focuses on Gaza’s Khan Yunis after deadly shelling hits UN shelter

    The deadly incident came after the Israeli army said it had encircled the city, where footage released by the military...

    Wednesday's attack on the UN shelter for displaced people saw the site hit by two tank rounds, killing nine and injuring 75, said Thomas White, the Gaza head of UNRWA

    US condemned the attack, with State Department spokesman Vedant Patel saying "civilians must be protected and the protected nature of UN facilities must be respected

  • Bahrain and South Korea seek to bolster economic, parliamentary ties

    Manama, Bahrain--Bahrain and South Korea have reviewed ways to enhance diplomatic, economic and parliamentary cooperation and partnership to benefit the...

    The two sides looked to boost partnership in order to benefit the two countries and contribute to consolidating security, stability, economic growth in the MENA region

    The South Korean official underscored the deep friendship between the two countries, noting the steady growth of bilateral ties at the political, economic, and parliamentary level

  • WEF24: Unified approach key to resolve challenges

    Unified global solutions are crucial to tackle issues like climate change, AI norms, and economic fragmentation, Khalfan Belhoul of Dubai...

    Unified global solutions are crucial to tackle issues like climate change, AI norms, and economic fragmentation, Khalfan Belhoul of Dubai Future Foundation tells TRENDS.

    During interview, Belhoul emphasizes the role of technology as a unifying force and discusses the Foundation's plans for research, development, and international partnerships.

  • Qatar ‘appalled’ at alleged criticism by Netanyahu

    Israeli prime minister accused Qatar of financing Hamas at a meeting this week with the families of hostages held in...

    Qatar was one of the mediators of a truce deal in November that led to the release of 105 hostages

    Its foreign ministry spokesman said his country was "appalled by the alleged remarks"

  • US to discuss troop withdrawal with Iraq soon: report

    New York, United States - The United States will begin talks with Iraq on the withdrawal of US troops from...

    The report said that Washington wants the troop schedule to reflect the current situation in Iraq and the stability of its government and law enforcement agencies

    But the Iraqi leadership believes that the timeframe of the withdrawal should not be affected by any circumstances

  • Israeli shelling on UN shelter in Gaza kills nine Palestinians

    Palestinian Territories - Tank shelling on a UN shelter on Wednesday killed nine people in Gaza's main southern city of...

    "Two tank rounds hit building that shelters 800 people - reports now 9 dead and 75 injured," Thomas White, UNRWA's Gaza director, said on X.

    Teams from UNRWA and the World Health Organization were trying to reach the shelter, which has been blocked for two days, White said.