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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, Jerusalem Palestinians go on strike over Gaza onslaught

    Activists had called for a strike in solidarity with the besieged territory covering businesses, public workers and education. Many Palestinians...

    He described the protest as part of a global effort to put pressure on Israel to stop the war, reporting strikes taking place in parts of Jordan and Lebanon.

    In Lebanon, public institutions, banks, schools and universities closed after the government decided on a nationwide strike in solidarity with Gaza.

  • COP28 draft deal calls for ‘reducing’ fossil fuel production, consumption

    The draft no longer mentioned a "phase-out". The text prepared under COP28 president Sultan Al Jaber, the head of the...

    The document calls for reducing the consumption and production of fossil fuels in "a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050".

    A previous draft on Friday included the word "phase-out" which climate campaigners, low-lying island states and the European Union have been pushing for.

  • Israel hits targets near Damascus with air strikes

    According to the Syrian Observatory for Human Rights, a Britain-based war monitor, the strikes had targeted "Hizbollah sites" in the...

    A security official said that anti-aircraft defences shot down some missiles

    Israel has launched hundreds of air strikes on Syria since civil war began in 2011

  • Mideast ministers met with Joly, Trudeau in Ottawa to discuss Israel-Hamas war

    OTTAWA, CANADA  — A group of foreign ministers from the Palestinian Authority, Saudi Arabia and Turkey met Canadian Foreign Affairs...

    The quietly planned meeting focused on ways countries could help efforts to secure peace for Palestinians and Israelis.

    The group is not a joint peace project with Israel, and says its leaders aim to speak on behalf of Arab and Muslim people people.

  • Israel must be held accountable for its actions, says Palestinian PM

    DOHA, QATAR - Prime Minister of Palestine Mohammad Shtayyeh called for holding Israel accountable, imposing sanctions and not allowing it...

    The Palestinian PM denounced Washington’s use of veto against a UN draft resolution calling for a ceasefire in Gaza.

    He said that there is an urgent need for a comprehensive political solution that would end the suffering of the Palestinians.

  • Saudis, Iraq stand firm as COP28 mulls phase-out of fossil fuels

    With less than 48 hours left before the conference's official end, COP28 president Sultan Al Jaber invited ministers to give...

    The European Union and members of Pacific islands states threatened by rising seas reiterated their calls for a phase-out of fossil fuels.

    A Saudi official told the COP28 majlis that Riyadh's "perspectives and concerns" must be taken into account.

  • Russia’s Putin offers assistance in Gaza Strip de-escalation

    MOSCOW, RUSSIA - Russian President Vladimir Putin has offered assistance in helping to deescalate the tense situation in the Gaza...

    This offer was made during a telephonic conversation between Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu.

    The two leaders discussed continued cooperation regarding the evacuation of Russian nationals and family members from the region.

  • UN agency chief says Israel trying to force Gazans into Egypt

    "The United Nations and several member states, including the US, have firmly rejected forcibly displacing Gazans out of the Gaza...

    The widespread destruction in the Palestinian territory's north and the resulting displacements were "the first stage of such a scenario", he added

    "If this path continues, leading to what many are already calling a second Nakba, Gaza will not be a land for Palestinians anymore," Lazzarini said.

  • Efforts ongoing to renew Israel-Hamas truce, says Qatar

    DOHA, QATAR - Mediation efforts are continuing to secure a new Gaza ceasefire despite ongoing Israeli bombardment that is "narrowing the...

    Qatar was a key mediator in negotiations that resulted in a seven-day truce, which saw scores of Israeli hostages exchanged for Palestinian civilians.

    The United Nations Secretary-General had convened an emergency meeting of the UN Security Council after two months of fighting in Gaza.

  • COP28 President Sultan Al Jaber warns ‘failure is not an option’

    With the conference in Dubai due to officially end on Tuesday, COP28 president Sultan Al Jaber urged the nearly 200...

    What we are after is the common good. What we're after is what is in the best interest of everyone, everywhere," he said.

    Jaber spoke ahead of a "majlis", a traditional Emirati assembly where people sit in a circle and try to resolve differences, which he organized in an effort to find a deal.