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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 rejects US president’s comment on two-state solution

    A senior Hamas official dismissed comments by US President Joe Biden about the possibility of Israel agreeing to the establishment...

    "The illusion that Biden is preaching about a state of Palestine and its characteristics does not fool our people," a Hamas member said.

    The call between Biden and Netanyahu came a day after the Israeli leader said he opposes allowing Palestinian sovereignty.

  • Iran launches research satellite, says minister

    Iran's Revolutionary Guards launched a research satellite, a minister said, putting it into a higher orbit in a milestone for...

    "The Soraya satellite of the Iranian Space Organization... was successfully launched with the Ghaem-100 satellite carrier of the Islamic Revolutionary Guard Corps," a report said

    It cited Telecommunications Minister Issa Zarepour as saying that the satellite, which weighs about 50 kilograms (110 pounds), was put in orbit 750 kilometers above Earth

  • US carries out fresh strikes against Yemen’s Houthis

    Washington is seeking to reduce the Iran-backed Houthis' capabilities, but the Yemeni rebels are still able to attack despite a week...

    The air campaign against the Houthis began last week with American and British strikes on nearly 30 sites in Yemen using more than 150 munitions

    Washington is also seeking to put diplomatic and financial pressure on the Houthis, re-designating them as a "terrorist" entity

  • 5 dead in Israel strike on Syria targeting ‘Iran-aligned leaders’: monitor

    The mid-morning strike, which caused a large plume of smoke to billow into the sky, was also reported by Syrian...

    Targeted neighborhood is known to be a high-security zone home to leaders of Iran's IRGC and pro-Iran Palestinian factions

    "They were for sure targeting senior members" of those groups, said Observatory director Rami Abdel Rahman

  • Israel to allow flour shipments for Gaza through key port: US

    Three UN agencies -- the World Food Program (WFP), UNICEF and the World Health Organization (WHO) -- pushed for the...

    The move comes days after the UN called on Israel to allow access to the port for the urgent delivery of humanitarian aid for Gaza

    US teams would "separately work on options for more direct maritime delivery of assistance into Gaza," the Whit House statement said

  • Israel bombards Gaza’s south as leaders discuss post-war future

    Netanyahu has said Israel expects the war to continue for months, but his comments on Thursday rejecting a so-called two-state...

    Witnesses said the Israeli bombardment was again focused overnight on Khan Yunis, the largest city in Hamas-controlled Gaza's south

    Biden and Netanyahu held their first call since December 23 a day after the Israeli leader reiterated his rejection of any form of Palestinian sovereignty

  • US drone crashes in Iraq, Islamic resistance fighters claim hit

    US and allied forces in Iraq and Syria have been hit by some 140 attacks since mid-October, according to the...

    "A US UAV crashed near Balad airbase, Iraq" on Thursday night local time, a US defense official said, without identifying the type of drone that was lost

    The Islamic Resistance in Iraq said Friday that it fired on a US MQ-9 which was operating over Iraq the day before

  • EU’s Borrell accuses Israel of ‘creating’ and ‘financing’ Hamas

    Hamas was created in December 1987 shortly after the start of the first Palestinian intifada, or uprising, in the Israeli-occupied...

    Israeli PM has in recent days reaffirmed his opposition to the creation of a Palestinian state, drawing criticism from his US ally, which is still advocating a two-state solutions

    "Israel is reaffirming its refusal (of this solution), and to prevent it they have gone so far as to create Hamas themselves," the EU's top diplomat Josep Borrell said

  • WEF discusses politics, climate, but not Gaza crisis

    Khalid Janahi, CEO of Vision3, in an exclusive interview with TRENDS, delves into why this vital topic was overshadowed in...

    Khalid Janahi, CEO of Vision3, in an exclusive interview with TRENDS, delves into why this vital topic was overshadowed in global forums like the recenty concluded WEF.

    His insights reveal the complexities behind the limited discussion of the conflict on the world stage and its ramifications for international policy and humanitarian efforts.

  • Biden on Palestinian state: some states ‘don’t have their own militaries’

    US Secretary of State Antony Blinken told the World Economic Forum in Davos, Switzerland this week said Israel would not...

    Biden said it was not impossible Netanyahu might come round to some form of two-state solution, mooted for decades as a way to end Middle East tensions

    The Israeli premier said on Thursday that his country "must have security control over all the territory west of the Jordan (River)."