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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.
  • Palestinians recount ‘torture’ in Israeli army custody

    In recent weeks, the army has faced international criticism after viral footage of detainees stripped down to their underwear and...

    About 20 men released from Israeli custody "have bruises on their bodies", hospital official in Rafah

    The Israeli army rejected the claims, saying detainees are "treated in accordance with international law"

  • Moroccans protest against Gaza war, Israel ties

    The protesters were called to the streets by a disparate group of organizations backing the Palestinian cause, including left-wingers and...

    The protestors in Rabat denounced what protest leaders called a "war of extermination"

    In 2020, the north African country established diplomatic and trade relations with Israel

  • Tunisia records low turnout in vote for new chamber

    More than 260 prominent Tunisian figures had signed a petition against what they called a "useless" election, saying Saied's government...

    Just 11.66 percent of the nine million strong electorate turned out on Sunday for the vote to choose more than 2,000 councilors from around 7,000 candidates

    The electoral authority is scheduled to give preliminary results on December 27. A second round is scheduled for February, with no set date as of now

  • Gaza war exacting ‘heavy price’ on Israel army: Netanyahu

    Israeli prime minister said that in spite of the high toll in Gaza, the country had no choice but to...

    Netanyahu said the war will go on until Hamas is eliminated and "we restore security"

    The army said 14 soldiers had been killed in the Palestinian territory since Friday

  • Saudi Arabia, UAE lead MENA’s smart city development

    In 2023, the region advanced in smart city initiatives, with Saudi Arabia and the UAE leading the transformation, with Frost...

    In 2023, the region advanced in smart city initiatives, with Saudi Arabia and the UAE leading the transformation, with Frost & Sullivan projected $50bn investment by 2025.

    Saudi Arabia, leading with Riyadh, targets 17 cities for smart development, while the UAE's Masdar City, Oman's Sultan Haitham, and Qatar's Lusail City follow suit.

  • FTA issues guide to determine natural persons subject to corporate tax

    ABU DHABI, UAE - The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural...

    The guide provides a comprehensive and simplified explanation and instructions for natural persons earning in the UAE.

    The FTA emphasized the importance of understanding the comprehensive content and definitions outlined in the guide.

  • Sheikh Hamdan approves $41m worth bonus for civilian employees of Dubai govt entities

    DUBAI  UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of The Executive Council of...

    The bonuses will be granted to eligible civilian employees based on the criteria set by the DGHR.

    The Dubai Government remains committed to acknowledging excellence and holds in high regard those who make significant contributions

  • 136 UN employees killed in Gaza War, says UN chief   

    NEW YORK, US - UN Secretary-General Antonio Guterres said on Sunday that 136 United Nations employees in Gaza Strip had...

    The UN chief said that the Israeli military offensive was creating 'massive obstacles' to the distribution of humanitarian aid inside Gaza.

    The United Nations Security Council had adopted a resolution calling for boosting humanitarian assistance for Gaza Strip.

  • Israeli forces detain 4,695 Palestinians in West Bank since Oct 7

    The Palestinian Prisoners Society (PPS) and the Detainees and Ex-Detainees Affairs Authority say the tally includes the Palestinians detained at...

    The statement said Israeli forces continue to carry out widespread acts of abuse, brutal assaults, on-field interrogations, and threats against detainees and their families.

    Since Oct 7, West Bank Palestinians have witnessed growing settler violence and the displacement of small herding villages on land coveted by Israel.

  • SFD-financed Arkiz Agricultural Project in Mauritania inaugurated

    Dubai, UAE -- The Arkiz Agricultural Project in Mauritania, which has been financed by the Saudi Fund for Development (SFD)...

    The project will improve the efficiency of Mauritania's water, irrigation and drainage facilities, while delivering agricultural equipment and potable water to farmers.

    Since 1979, the fund has contributed toward 20 development projects in Mauritania, at a value of over $665 million.