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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.
  • Gaza situation approaching humanity’s ‘darkest hour’, says WHO

    Richard Peeperkorn, the WHO's representative in the occupied Palestinian territories, said that since the start of the war, there had...

    Eighteen of the Gaza Strip's 36 hospitals are still functioning in any capacity: three are providing basic first aid only, while the rest are delivering partial services

    UNICEF spokesman James Elder said that with the population on the move, in two hours "there are 5,000 people where there was no-one previously".

  • COP28 draft agreement includes option to do nothing on fossil fuels

    The fate of oil, gas and coal is the thorniest issue being thrashed out at the COP28 UN climate talks...

    The draft of global climate agreement forms the basis of negotiations that will unfold in coming days, with a final text expected in theory by December 12

    It is a formal response to the "global stocktake", a damning report card published in September that highlighted how little the world had done to confront the climate crisis

  • US envoy to promote Yemen peace despite Houthi attacks

    Since the Gaza war, the Houthi rebels have seized an Israeli-linked cargo vessel and fired ballistic missiles at various targets....

    Houthi rebels, who have ties to Iran and control much of Yemen, have targeted Israeli-linked vessels in avowed solidarity with Palestinians during the Gaza war

    State Department spokesman told reporters that the "provocative and dangerous attacks" by the rebels have "threatened almost two years of progress to end Yemen war

  • ‘Unintended consequences’: friction at COP28 over green trade

    Inside the negotiating rooms and on the sidelines of the COP28 climate talks, simmering tensions over wealthy countries' "green trade"...

    WTO has received about 18,000 complaints over green policies yet trade was still often overlooked by climate policymakers, director general Ngozi Okonjo-Iweala said

    Concerns have also been raised that these kind of climate policies may make it harder for another nation to sell their goods or access clean energy technology

  • Saudi Arabia spurns fossil fuel phaseout push at COP28

    A tentative "phasedown/out" was included in a first draft of an agreement on climate action that delegates are haggling over...

    UN chief called for a total phaseout of fossil fuels, warning "complete disaster" awaits mankind

    Saudi Arabia has revamped its energy sources, invested in renewables and improved energy-efficiency

  • Hamas refutes accusations of sexual violence in Israel attacks

    Hamas statement comes days after UN Women said it was "alarmed by the numerous accounts of gender-based atrocities" during the...

    Israeli police say they have gathered evidence of sexual violence by Hamas fighters

    Hamas rejected claims by women and advocacy groups as part of "a series" of Israeli "lies"

  • UN warns of ‘hellish scenario’ as aid to Gaza stalls

    According to Lynn Hastings, UN humanitarian coordinator for the Palestinian territories, the conditions required to deliver aid to "the people...

    Expressing his regret, the UN official said "nowhere is safe in Gaza and there is nowhere left to go"

    Hastings rejected the idea of "safe zones" urged upon Israel by the US government

  • Masdar City to construct region’s first net-zero energy mosque

    Abu Dhabi, UAE - Masdar City, an Abu Dhabi, UAE-based sustainability and innovation hub dedicated to making all cities a...

    The mosque’s total energy requirements were reduced by 35 percent compared to international baselines using passive design

    Low-flow water fixtures, drought-resistant landscaping, and the use of recycled water for irrigation will reduce water use by 55 percent

  • Saudi, Turkish firms ink 8 deals to boost Riyadh-Ankara business

    Istanbul, Turkey - Saudi and Turkish companies, part of the Saudi-Turkish Business Council, signed eight trade agreements to strengthen trade...

    The firms discussed investment opportunities in the two countries, especially those envisaged in the Saudi Vision 2030 and Turkish economy.

    The volume of trade between Saudi Arabia and Türkiye reached SAR22 billion ($5,864,813,240) in 2022, recording a growth rate of 32.6 percent.

  • We respect climate science, says COP28 head

    DUBAI, UAE - The Emirati president of the UN's COP28 talks said on Monday he respects climate science, after a leaked...

    Sultan Al Jaber also repeated his past statements that a phase out of fossil fuels was "inevitable".

    He acknowledged that global greenhouse gas emissions must be cut by 43 percent by 2030.