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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.
  • West Bank crisis escalates while focus stays on Gaza

    With the world's eyes on the Gaza Strip, the escalating violence in the West Bank represents an underreported yet critical...

    With the world's eyes on the Gaza Strip, the escalating violence in the West Bank represents an underreported yet critical dimension of the Israeli-Palestinian conflict.

    Since the Oct 7 Hamas attack, the region has seen a sharp rise in settler violence, military operations, and Palestinian radicalization, a further setback in the quest for peace.

  • New Kuwaiti emir rebukes parliament and cabinet in inaugural speech

    Officially taking over from his half-brother Sheikh Nawaf, who passed away on Saturday, Sheikh Meshal is faced with the task...

    "I have stressed in my previous speeches that there are national obligations that must be fulfilled," the 83-year-old ruler told lawmakers after he took the oath of office

    Sheikh Meshal further pointed to public appointments and promotions that "don't meet the simplest standards of justice and fairness"

  • World Food Program transfers Gaza aid from Jordan via Israeli border

    "Delivering food from Jordan, to Gaza through Kerem Shalom crossing, will increase the volume and speed of food reaching the...

    The arrival of the 46-truck convoy, carrying more than 750 tons of goods, came after "weeks of coordination with all parties," WFP said

    "Establishing a corridor through Jordan will increase the flow of aid and remove some of the pressure and congestion we are currently facing," said an official

  • Israeli strikes kill 12 in Rafah amid truce, hostage deal efforts

    "Twelve martyrs and dozens of wounded, including women and children, were recovered from under the rubble when a house and...

    The Qatar-based Hamas chief, Ismail Haniyeh, arrived in Cairo for discussions on the "aggression in the Gaza Strip and other matters", the group said in a statement.

    Haniyeh -- who earlier met Iranian Foreign Minister Hossein Amir-Abdollahian -- was heading a "high-level delegation" to Egypt, a frequent mediator between Israel and Palestine.

  • EU reaches agreement on reforming bloc’s migration laws

    Spain, which chaired the lengthy negotiations in its role holding the EU presidency, said on X, formerly Twitter: "A political...

    The reform includes speedier vetting of irregular arrivals, creating border detention centres, and accelerated deportation for rejected asylum applicants

    The accord still needs to be formally approved by the European Council, representing the 27 EU member countries, and the European Parliament before it enters the bloc's lawbooks

  • Malaysia bans Israeli-flagged ships over Gaza war

    Prime Minister Anwar Ibrahim in a statement said that ships bound for Israel will also be barred from loading cargo...

    The Prime Minister said Malaysia was confident its trade would not be affected by the decision

    Pressure is mounting on Israel to agree to a new truce that could ramp up aid to the Gaza Strip

  • Strong Russia ties a strategic choice, says Xi Jinping

    The Chinese president called for deeper bilateral cooperation during a meeting with Russia's Prime Minister Mikhail Mishustin in Beijing. The...

    Xi said developing China-Russia relations is a strategic choice made by both sides

    Russian PM said that ties between Moscow and Beijing had reached an "all-time high"

  • UN Security Council due to vote on delayed Gaza resolution

    This week's back and forth comes after an impasse earlier this month, when the United States, despite unprecedented pressure from...

    The humanitarian situation in Gaza was rapidly deteriorating, with a senior UN official saying Israel's steps to allow in aid were "far short" of mounting need

    Members of the council had grappled for days to find common ground on the resolution, a vote on which was pushed back throughout Tuesday, after being postponed Monday

  • Hamas chief to visit Egypt for Gaza ceasefire talks

    According to a source close to the Palestinian Islamist group, Hamas chief Ismail Haniyeh is set to visit Egypt on...

    The talks will focus on ending "aggression and the war" and the release of prisoners

    Haniyeh's visit will be his second to Egypt since the start of the war on October 7

  • ‘Qatar plays crucial role in enhancing transparency’

    "Uzbekistan is eager to strengthen its cooperative relationship with Qatar, particularly in anti-corruption efforts. Qatar has achieved advanced rankings and...

    Uzbekistan's Deputy Minister Ilkhom Norkulov commends Qatar's leadership in anti-corruption, applauding its efforts to enhance transparency and uphold the rule of law.

    The Sheikh Tamim Bin Hamad Al-Thani ACE Award, hosted by Uzbekistan in its 7th edition, symbolizes Qatar's dedication to combating corruption globally, Norkulov adds.