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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.
  • UN Security Council ‘paralyzed’ over Gaza: UN chief

    Antonio Guterres had convened an emergency meeting of the UN Security Council after two months of fighting in Gaza. He...

    Guterres said the council was "paralyzed by geostrategic divisions"

    He said the body's authority and credibility were undermined by its delayed response to conflict

  • Syria strikes kill 6 civilians in rebel bastion: monitor

    On Friday, it said 11 pro-government forces and five HTS fighters had been killed after the jihadists launched an attack...

    Six civilians, "including two children and a woman", were killed in Idlib and Sarmin, while 25 others were wounded in the strikes in various areas of Idlib province

    Government forces fired "more than 35 missiles" during the bombardment, said the Syrian Observatory for Human Rights, a Britain based war monitor

  • Protestors demand end of fossil fuels, Gaza war at COP28

    The demonstrators chanted "Climate justice!" and "Ceasefire now!" as they held pro-environment banners painted in the colors of the Palestinian...

    The 'Blue Zone' where the COP28 talks are taking place is currently under UN control.

    At least 17,490 people, mostly women and children, have been killed in Israeli attacks

  • Yemen’s Houthi rebels threaten Israel-bound Red Sea ships

    The latest warning comes amid heightened tensions in the Red Sea and surrounding waters following a series of maritime attacks...

    Yemen's Houthis have recently attacked ships they claim have direct links to Israel, but their latest threat expands the scope of their targets

    Israel's national security adviser said his country would not accept the "naval siege noting Benjamin Netanyahu had asked Joe Biden to address the situation

  • Egypt election offers more of the same despite crisis

    In a country gripped by the most severe financial crisis in its recent history-- inflation has hovered near 40% after...

    Voting will take place from Sunday until Tuesday, between 9:00 am and 09:00 pm each day

    Some 67 million people are eligible to vote, and all eyes will be on turnout

  • Israelis demand release of hostages held by Hamas

    Carrying placards with messages like "bring them home now", hundreds of Israelis took to streets in Tel Aviv on Saturday...

    At least 105 hostages were set free by Hamas in exchange for the freedom of 240 Palestinian civilians

    According to Israeli authorities, at least 137 hostages are believed to still be in Hamas captivity

  • Joint ministerial committee meets US secretary of state

    Washington, US – A committee of the Joint Arab-Islamic Extraordinary Summit under the chairmanship of Prince Faisal bin Farhan bin...

    A ministerial committee led by Saudi foreign minister holds discussions with US Secretary of State.

    The committee asked the US to influence Israel and called for an immediate ceasefire in Gaza.

  • Turkish President Erdogan slams UNSC over failed Gaza truce bid

    Istanbul, Turkey - Turkish President Recep Tayyip Erdogan on Saturday denounced the UN Security Council after the United States vetoed a...

    "Is this justice?" asked Erdogan, adding that "the world is bigger than five," a reference to the five veto-wielding nations in the UN Security Council.

    "The United States stands by Israel with its money and military equipment. Hey, America! How much are you going to pay for that?" he added.

  • IMF, UAE, other countries meet on anti-money laundering, counter terrorism financing

    ABU DHABI, UAE - International Monetary Fund (IMF), in collaboration with the UAE Executive Office of Anti-Money Laundering and Counter...

    Participants from 15 countries and organizations took part in the meeting.

    They agreed on strong collaboration among AML/CFT supervisory agencies.

  • Nadia Calvino is now European Investment Bank head

    BRUSSELS, BELGIUM - Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a...

    After the EU selected Nadia Calvino, Margrethe Vestager, 55, said she would "resume" her duties at the European Commission, the Eu's executive arm.

    Vestager's star has waned in recent years following a series of setbacks in EU courts against some of the world's biggest companies, including Apple.