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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.
  • Hamas says ‘some faults happened’ during Oct 7 attacks due to ‘chaos’

    The group admitted in a 16-page report justifying the attack that "some faults happened... due to the rapid collapse of...

    "If there was any case of targeting civilians it happened accidently and in the course of the confrontation with the occupation forces," Hamas said in the report.

    The group said it wanted to "hold the Israeli occupation legally accountable" for the suffering it had inflicted on the Palestinian people.

  • Hamas says Gaza deaths top 25,000 as Israel pushes offensive

    "Dozens are still under the rubble," the Hamas government's media office said, adding that the dead and injured "could not...

    The UN agency for Palestinian refugees says about 1.7 million people have been displaced in Gaza, with about one million crowded into the Rafah area.

    Rising tensions and violence across the Middle East have also stoked fears of a wider conflagration involving Iran-backed groups in Lebanon, Iraq, Syria and Yemen.

  • Hamas chief holds talks with Turkish FM: sources

    Istanbul served as a base for Hamas political leaders before the October 7 attacks. Turkey asked the Hamas chiefs to...

    The two sides discussed increasing humanitarian aid, and a two-state solution

    The Turkey's foreign minister and Hamas's chief last had official contact in a phone call in October

  • Turkey’s central bank chief denies nepotism allegations

    In a statement posted Friday on X, formerly Twitter, Erkan denounced the reports as "unfounded allegations" designed to undermine confidence...

    Hafize Gaye Erkan, 44, the first woman to be appointed president of the bank, granted her father Erol Erkan special favors, according to recent press reports

    He enjoyed an office, an official car and bodyguards, former bank employee turned whistle-blower Busra Bozkurt told the daily newspaper Sozcu, which is close to the opposition

  • Denial of Palestinian statehood ‘unacceptable’, says UN chief

    In its final summit communique, the Non-Aligned Movement on Saturday "strongly condemned the illegal Israeli military aggression against the Gaza...

    Guterres said Israel's stance would indefinitely prolong the conflict

    The WHO has deplored the "inhuman living conditions" in the Gaza Strip

  • Years after civil war, security wall holds back Iraqi city

    Built more than a decade ago at the height of Iraq's civil war which tore apart the multi-faith, multi-ethnic country,...

    The wall around Samarra has become a burden on daily life in the city that has expanded from 300,000 to 400,000 residents since 2008, pushing up property and land costs

    Authorities has planned to extend wall perimeter by three to seven kilometres, increase the number of entry points to six, and add watchtowers and surveillance cameras

  • ‘Multilateral cooperation remains crucial for peace’

    "The UAE’s priority (amid the ongoing Gaza conflict) is to work towards reaching a ceasefire, safeguarding the lives of civilians,...

    UAE Minister Khalifa Shaheen Almarar emphasizes on multilateralism, cooperation, and adherence to international law and UN Charter.

    Almarar also highlight of the UAE's relief efforts in Gaza and contributions as a non-permanent UN Security Council member.

  • Israeli protesters demand return of hostages, elections

    Demonstrators marched through the city's Habima Square, a frequent protest site, with some carrying signs calling Netanyahu "the face of...

    Netanyahu is under intense pressure to secure the return of the hostages seized by Hamas

    A father of one of the hostages said Netanyahu's war cabinet was heading for disaster

  • Iran vows revenge after Guards die in Israeli strike

    Iran's President Ebrahim Raisi vowed not to let the "cowardly assassination" go unanswered. Israel has been blamed for intensifying strikes...

    Tehran said it lost five members in the strike that it blamed on Israel

    Media reports from Iran say that one of the dead was General Sadegh Omidzadeh,

  • US-led coalition base in Iraq hit by missiles

    Al-Asad airbase was targeted by 15 rockets" fired from Anbar province, which is home to the military base, an Iraqi...

    A US defense official confirmed that "missiles impacted Al-Asad airbase", adding that a joint damage assessment was under way with coalition and Iraqi forces.

    The attack on the air base comes amid soaring tensions in the Middle East following the outbreak of the Israel-Hamas war on October 7.