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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.
  • Israel approves new settlement in east Jerusalem: NGO

    The Palestinian foreign ministry said on Tuesday that Israel was "taking advantage of international concern over the war in Gaza...

    Half the "new neighborhood" comprising 1,738 housing units will be in the city's annexed east, the Israeli NGO Peace Now said

    According to the Ir Amin anti-settlement NGO, around 300,000 Palestinians and 200,000 Israelis live in east Jerusalem

  • China slams ‘smearing’ of Belt and Road project after Italy withdraws

    Proponents of the BRI praise it for bringing resources and economic growth to the Global South. But critics have long...

    The foreign ministry did not directly comment on Italy's decision to withdraw from Beijing's vast BRI project

    But Wang pointed to the more than 150 participating countries as evidence of it being the "most popular international public product

  • US finds war crimes and ethnic cleansing in Sudan war

    After months of rising concern and frustration at the failure of talks, Secretary of State Antony Blinken presented findings following...

    Blinken said that both the Sudanese army and the RSF have committed war crimes

    More than 10,000 people have been killed, as per the Armed Conflict Location and Event Data Project

  • UK defence minister to visit Middle East to discuss ways to boost Gaza aid

    Shapps will also visit Kibbutz Kfar Aza in southern Israel which was attacked by Hamas on October 7 which killed...

    Shapps will also discuss how the UK can support the Palestinian Authority, the recovery of hostages, as well as efforts to prevent further escalation in the Middle East

    Earlier this week Shapps said Britain was considering sending military support vessel RFA Lyme Bay to provide medical and humanitarian aid in the Middle East

  • Israel approves ‘minimal’ increase in fuel supply to Gaza

    Israeli Prime Minister Benjamin Netanyahu's office wrote on X that a "minimal supplement of fuel necessary to prevent a humanitarian...

    Israel said the fuel supply increase was "necessary to avoid a humanitarian collapse"

    UN chief said he feared that public order would "completely break down soon" in Gaza

  • Ambitious agreements mark Saudi Crown Prince’s Qatar visit

    Doha, Qatar – Following a landmark visit by Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud to Qatar,...

    The two countries expressed deep concern about the humanitarian situation in Gaza and the need for a comprehensive and just resolution to the Palestinian question.

    Economic and trade discussions focused on enhancing economic partnerships, diversifying trade, and investing in opportunities within the framework of their transformative visions.

  • KSA, Russia plan fertilizer JV, deepen OPEC+ ties

    Russian President Vladimir Putin's visit to Riyadh underscores the deepening economic and diplomatic relations between the two countries.

    Russian President Vladimir Putin's visit to Riyadh underscores the deepening economic and diplomatic relations between the two countries.

    Putin's extended one-on-one dialogue with the Saudi Crown Prince Mohammed bin Salman covers bilateral and regional topics.

  • Palestinians in Gaza living in utter, deepening horror: UN rights chief

    "Civilians in Gaza continue to be relentlessly bombarded by Israel and collectively punished -- suffering death, siege, destruction and deprivation...

    The UN official said 1.9 million of the Palestinian enclave's 2.2 million people had been displaced and were being pushed into overcrowded and unhealthy conditions of South Gaza

    The official added he was gravely concerned by "dehumanizing and inciteful statements" made by current and former Israeli officials, as well as Hamas figures

  • Russia, UAE boost energy relations, explore new JVs

    The two countries strengthen their partnership, discussing the use of Russian equipment in UAE's energy projects during Putin's significant visit...

    Russia and UAE strengthen their partnership, discussing the use of Russian equipment in UAE's energy projects during Putin's significant visit to Abu Dhabi.

    The Russian President praises the UAE's successful hosting of COP28 and the strengthening of cultural and humanitarian connections.

  • Blinken, Wang discuss Gaza war in phone call

    Beijing, China - The US Secretary of State Antony Blinken and China's Foreign Minister Wang Yi on Wednesday spoke over the...

    Blinken discussed his recent travel in the Middle East and US diplomatic efforts in the region with Wang

    He also underscored that the recent Houthi attacks against commercial vessels in the Red Sea