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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.
  • Got to have faith: religion finds its moment at COP28

    Organizers say the Faith pavilion is supporting progress toward an ambitious pact to limit global warming, that also ensures financial...

    Organizers say more than 300 faith leaders from all major religions and traditional beliefs are expected to participate in the pavilion during the two-week-long conference

    Faith leaders issued an interfaith statement in support of reducing and eventually exiting fossil fuels - a flashpoint issue at the conference overseen by an Emirati oil executive

  • EU seeks agreement on world’s first AI law

    European Commission, the EU's executive arm, first proposed an AI law in 2021 that would regulate systems based on the...

    Negotiators from EU Parliament and EU member states will meet on Wednesday from 1400 GMT, with talks expected to last into the evening

    Although there is no real deadline, senior European Union figures have repeatedly said the bloc must finalize the law before the end of 2023

  • Israeli attack on Lebanon kills soldier, wounds three

    The Lebanese army in a statement said that its position was targeted by the "Israeli enemy" on the southern border....

    Acknowledging the attack on Lebanon, Israel said that it had targeted a Hizbollah position

    At least 110 have been killed on the Lebanese side since October, mostly Hizbollah fighters

  • Putin senses reviving fortunes as front holds, West frays

    Warsaw, Poland - As Vladimir Putin touches down in the Middle East later on Wednesday for visits to the UAE...

    A much-touted Ukrainian counteroffensive that was once expected to carve through Russian lines has stalled, oil revenue is rebounding

    Russia's front line has largely repelled Ukraine's counter-offensive, launched with billions of dollars worth of Western arms

  • Investments strengthen Türkiye-GCC economic ties

    The strategic partnerships, including substantial financial support from UAE and Qatar, mark a new era in Türkiye-GCC ties, promising to...

    The strategic partnerships, including substantial financial support from UAE and Qatar, mark a new era in Türkiye-GCC ties, promising to significantly boost bilateral trade.

    Türkiye-GCC relations are revitalized through billion-dollar deals and support for Turkey's post-earthquake recovery, aiming to triple trade with the Gulf by 2030.

  • Russian oil price cap partially successful

    LONDON, UK - A Western price cap imposed a year ago on Russia's oil has had limited success with Moscow increasingly...

    The cap was jointly imposed on December 5, 2022 by the European Union, Australia and the Group of Seven rich countries.

    Initially successful, it lost its impact once President Vladimir Putin's Russia found new buyers for its oil and new tankers to deliver it.

  • Qatari emir denounces ‘shameful’ global inaction in Israel-Hamas war

    Doha, Qatar - Qatar's ruler hit out at "shameful" international inaction over the Israel-Hamas war in Gaza as he opened a...

    Qatar emir called for a global probe into Israeli massacres in Gaza, and urged a just solution to Palestinian issue

    Qatar, a US ally which hosts a large US military base, hosts a Hamas office which doubles as the residence of its self-exiled leader, Ismail Haniyeh

  • Released Palestinians allege mistreatment in Israeli prisons

    Ramallah, Palestinian Territories -- Released under an exchange between Israel and Hamas, former Palestinian civilians held in various jails have described...

    There are around 7,800 Palestinians civilians in Israeli jails. Some 3,580 Palestinians have been held by Israeli forces since Oct 7.

    "Testimonies and video evidence also point to numerous incidents of torture and other ill-treatment by Israeli forces," Amnesty International has said.

  • Gaza safe zones declared by Israel neither safe, nor humanitarian: UN

    "The so-called safe zones... are not scientific, they are not rational, they are not possible, and I think the authorities...

    Gaza health ministry put the latest death toll of civilians killed in Israeli bombardment and ground attacks at 16,248, around 70 percent of them women and children.

    As Israel's offensive pushes deeper into Gaza, international aid organizations have warned that civilians in the de territory are running out of places to flee to.

  • Asian countries score high in keenly watched PISA education survey

    Paris, France - Asian countries dominated the top spots in a keenly watched survey of education capabilities published Tuesday, while levels...

    Singapore took top ranking in the latest assessment, which was carried out in 2022 and involved 690,000 students in 81 participating countries and economies

    Five other Asian education systems -- in Macao, Taiwan, Hong Kong, Japan and South Korea -- came next in mathematics, and also scored near the top in reading and science