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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.
  • Israeli envoy to UK rules out two-state solution with Palestinians

    Tzipi Hotovely told Sky News that she did not believe in the long-standing position of the UK government and the...

    The Israeli envoy Tzipi Hotovely said she did not believe that an independent Palestinian state should be established

    "Why are you obsessed with a formula (the two-state solution) that never worked, that created this radical people on the other side," Hotovely added

  • Israeli forces kill 11 Palestinians in West Bank: Health ministry

    The latest death was a 17-year-old boy who the ministry said was shot in the chest by the Israeli army...

    Israel has occupied the West Bank since the 1967 Arab-Israeli war, and in recent months troops have carried out repeated deadly raids on Jenin.

    More than 280 Palestinians have been killed by Israeli forces or settlers in the West Bank since the war in Gaza erupted on October 7, health officials say.

  • 115 soldiers have been killed in Gaza war, says Israeli army

    According to the military's official list of casualties, nine of those killed on Tuesday belonged to units that a military...

    The 10 deaths recorded on Tuesday made it the single deadliest day for the military since its ground assault on the Palestinian territory began on October 27

    The Israeli military campaign has so far killed more than 18,600 people in Gaza, also mostly civilians, according to the territory's Hamas-run health ministry

  • OPEC+ cartel’s grip on oil market loosening as demand slows: IEA

    Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up...

    The Paris-based IEA, which advises oil-consuming nations, noted that prices had fallen by around $25 per barrel since September highs.

    Efficiency improvements and a booming electric vehicle fleet have also been lowering oil demand, it added.

  • Saudi, Iran top diplomats discuss bilateral ties, Gaza ceasefire

    Tehran, Iran-- Saudi Arabia and Iran's foreign ministers have stressed the need for an immediate ceasefire in Gaza and sending...

    The two foreign ministers met in Geneva, discussed bilateral ties between the two countries, and the latest developments in Gaza

    The Saudi foreign minister said there is a positive trend in bilateral relations and "we welcome the development of relations"

  • US shows signs of strained patience with ally Israel

    President Joe Biden while expressing his frustration with rightwing Israeli Prime Minister Benjamin Netanyahu referred this week to "indiscriminate bombing"...

    However Washington has been careful not to openly criticize its ally

    US diplomats have expressed dissatisfaction with Israel's conduct of the war

  • Tunisian villages grapple with severe water scarcity

    Ouled Omar, Tunisia - Tunisian villager Ounissa Mazhoud ties two empty jerry cans to a donkey and cautiously descends a stony...

    The World Bank predicts that by 2030 the Middle East and North Africa region will fall below the "absolute water scarcity" threshold of 500 cubic meters yearly per person.

    Tunisia, already the 33rd most water-stressed country according to the World Resources Institute, has dropped to 450 cubic meters per inhabitant

  • Gaza government runs out of children’s vaccines, warns of ‘catastrophe’

    The announcement came more than two months into the Israel-Hamas war in Gaza as international aid organizations have warned about...

    The Gaza health ministry called on international institutions to deliver urgently needed vaccines "to prevent disaster"

    The UN Humanitarian Coordinator for the Palestinian territories, Lynn Hastings, said that UNICEF was looking into the issue

  • World Bank to expand climate funding in MENA by $10 billion

    Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to...

    The funding supports both reducing net emissions and resilience projects, said Meskerem Brhane, the bank's Regional Director for Sustainable Development, MENA.

    She added that by embracing green growth strategies, the region's GDP could potentially grow to over $13 trillion by 2050.

  • UNICEF warns of terrible results on children due to Lebanon crises

    Beirut, Lebanon - Lebanon's compounding crises are having a "devastating" impact on children and their education, a United Nations agency said...

    UN children's agency UNICEF said more than a quarter of households surveyed last month reported children not attending school, compared to 18 percent in April.

    For four years, Lebanon has been gripped by a crushing economic crisis that has pushed most of the population into poverty