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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.
  • US sanctions Hong Kong, UAE firms over Houthi support

    The move comes hours after US and UK forces launched strikes against the Houthi rebels, seeking to halt their repeated...

    The two companies designated on Friday by the US Treasury Department were Hong Kong-based Cielo Maritime and UAE-based Global Tech Marine Services

    They were said to have shipped Iranian commodities on behalf of the network of Houthi financial facilitator Sa'id al-Jamal, said the Treasury

  • Egypt denies suspending navigation through Suez Canal

    Cairo, Egypt - Egypt Saturday said that navigation movement in the canal is regular from both directions, Chairman of the...

    Dollar revenues from Egypt's Suez Canal have experienced a 40 percent decline since the beginning of the year compared to 2023

    The Suez Canal is a crucial source of foreign currency for Egypt, and efforts have been made to boost revenues, including the ongoing expansion of the canal

  • Yemen rebels: US, UK interests ‘legitimate targets’ after strikes

    Britain, the United States and eight allies said the strikes aimed to "de-escalate tensions". But Iran and other governments condemned...

    The barrage of strikes early on Friday against the Houthis, who say they are acting in solidarity with Gaza, stoked fears of the Israel-Hamas war spreading across the region.

    Violence involving Iran-aligned groups in Yemen, Lebanon, Iraq and Syria has surged since the war in Gaza began in early October

  • India finds apparent wreckage from 2016 military plane crash

    New Delhi, India - India said on Friday it had likely found wreckage from an Indian Air Force transport plane that...

    Russian-built Antonov An-32 was carrying service personnel and six crew members during a routine courier service to Andaman and Nicobar Islands in 2016.

    An IAF source told AFP in 2016 that radar data from the missing aircraft showed it making a sharp left turn before rapidly losing altitude.

  • UNSC to meet on US-UK strikes against Houthi rebels

    The UN Security Council will hold an emergency meeting over the strikes carried out by the United States and Britain...

    Earlier the Security Council had adopted a resolution demanding the "immediate" halt to the Houthi's attacks.

    The US, Britain and eight other nations referred to the Security Council resolution in a joint statement issued after the overnight strikes on Yemen.

  • Yemen’s Houthi rebels have built a significant arsenal  

    DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military...

    Iran-backed Houthis have carried out a spate of attacks in the Red Sea, claiming to be targeting ships with Israeli links.

    The Houthis have been steadily developing their military capabilities since 2014, when they seized the Yemeni capital Sanaa.

  • Global crises, AI key focuses of World Economic Forum

    The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts...

    The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts in Gaza and Ukraine, and the rapid rise of AI.

    With leaders like President Volodymyr Zelensky attending, the forum promises intense dialogues on geopolitical challenges and opportunities for rebuilding trust.

  • Saudi Arabia launches documentary Horizon on wildlife  

    RIYADH, SAUDI ARABIA - Konoz, an initiative of the Ministry of Media's Center for Government Communication (CGC), has released a...

    The documentary is currently being shown on the Netflix platform.

    The film gives a look at the ecological diversity of the Kingdom,

  • India flexes maritime muscles by boosting Arabian Sea force

    New Delhi, India - Dramatic drone footage showing Indian commandos hunting pirates after an attack in the Arabian Sea illustrates New...

    Defense Minister Rajnath Singh -- speaking at the launch of India's latest own-built warship, vowed shipping would be protected "from the sea to the heights of the sky"

    India was taking "very proactive action" to ensure pirates "don't venture out into the India Ocean region", Admiral Hari Kumar, chief of naval staff said

  • Israel ‘systematically’ blocking aid to north Gaza hospitals: UN

    Andrea De Domenico, head of the UN aid agency OCHA's office in the occupied Palestinian territories, described how detailed coordination...

    Lucia Elmi, special representative for the UN children's agency UNICEF in the Palestinian territories, also lamented that "we can't get sufficient aid in".

    "Children in Gaza are running out of time, while most of the lifesaving humanitarian aid they desperately need remains stranded," said Elmi.