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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 army opens fire at hospital wards: Gaza health ministry

    "The occupation (Israeli) forces have tightened the siege and the targeting of Kamal Adwan hospital, firing at patient rooms and...

    The head of the UN agency for Palestinian refugees Philippe Lazzarini warned that the people of Gaza were "running out of time and options".

    Israel's Foreign Minister Eli Cohen said that the war in the Gaza Strip would continue "with or without international support".

  • UNICEF exhorts donors for US$9.4bn in funding

    The agency said the funding would allow it to reach 17.3m children in need of measles vaccinations, 7.6m children with...

    Afghanistan was the most expensive project listed, with UNICEF calling for $1.4 billion for 2024

    The agency is aiming in 2024 to reach 48 million women, girls and young people across 58 countries

  • UAE renews call for Palestinian aid, two-state solution

    "The Gulf country aims to launch a concrete plan to achieve the two-state solution to the Palestinian crisis with a...

    The UAE's contribution to Gaza's reconstruction is conditional, tied to the development of a concrete plan for a two-state solution.

    During their visit to the Rafah Border, Nusseibeh and UN officials witnessed the devastation in Gaza, underscoring need for ceasefire.

  • Gaza journalists must be protected from harm: Blinken

    AFP and other international media groups had written to Blinken in late October urging his help in protecting journalists on...

    At least 63 journalists and media workers have been killed since the war began in October

    French lawmakers urged their PM to call for all efforts to secure the exit of journalists stranded in Gaza

  • Biden warns Netanyahu risks losing support for Gaza war

    Biden told a campaign event in Washington that Israel had "most of the world supporting it" after the Hamas attacks,...

    The US president told donors that Netanyahu needed to "change" his stance on a two-state solution for the Palestinians

    Netanyahu meanwhile said there was "disagreement" with Biden over how a post-conflict Gaza would be governed

  • UNGA strongly endorses ceasefire in Gaza conflict

    The UN General Assembly passes a resolution demanding an immediate ceasefire in Gaza, highlighting the Security Council's inaction and putting...

    The UN General Assembly passes a resolution demanding an immediate ceasefire in Gaza, highlighting the Security Council's inaction and putting pressure on Israel and the US.

    The resolution, supported by an overwhelming majority, underscores the growing global concern over the humanitarian crisis in Gaza and the need for urgent peace efforts.

  • Gaza war derails Palestinian economy, say World Bank

    Washington, US - The Israel-Hamas war in Gaza is having a severe impact on the Palestinian economy, according to the World...

    Gaza's contribution to the overall Palestinian economy had already shrunk from around 36 percent in 2005 to just 17 percent last year.

    Whereas the World Bank previously anticipated growth of 3.0 percent in 2024, it now expects an overall contraction of 6 percent.

  • Under fire Harvard University president to stay after anti-Semitism row

    CAMBRIDGE, US - Harvard University's president, under fire over testimony she gave about anti-Semitism on campus, will remain in her job...

    Claudine Gay has been facing criticism after she declined to unequivocally say whether calling for genocide of Jews violated Harvard's code of conduct.

    Over 70 lawmakers including two Democrats called for her resignation even as several high-profile Harvard alumni and donors have called for her departure.

  • US sanctions China, Turkey firms to curb Russia war efforts

    Washington, United States -- The United States unveiled sanctions Tuesday on individuals and companies based in China, Turkey, the United Arab...

    The latest actions take aim at people and entities accused of supplying Russia’s industry and furthering its ability to wage war against Ukraine.

    The Treasury Department imposed sanctions on more than 150 parties, while the State Department did so on over 100, including those engaged in sanctions invasion in third countries.

  • Digitalization has high environmental costs, says UNCTAD meet

    DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate...

    Data-driven technologies like the Internet of Things, robotics and artificial intelligence can enhance climate change monitoring.

    The digital transformation has left its mark on the planet through raw material depletion, energy and water use, pollution and waste.