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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.
  • Saudi energy minister calls Western climate pledges ‘small change’

    "Unlike the small change offered for loss and damage from our partners in developed countries, the Kingdom through its South-South...

    The loss and damage fund for vulnerable nations, a major win at COP28, has attracted about $655m so far, a sum criticized as insufficient by campaigners.

    The prince's remarks were the latest sign of sharp differences around tackling the climate crisis as negotiators from around the world attempt to hammer out an agreement in Dubai.

  • Rights organizations sue Netherlands over F-35 parts to Israel

    The case concerns US-owned F-35 parts stored at a warehouse in the Netherlands and then shipped to several partners, including...

    A rights group said the export "made the Netherlands complicit in violations of the laws of war and the collective punishment of Gazans

    "By supplying weapons parts, the Netherlands runs the risk of becoming complicit in violations of international humanitarian law," said Dagmar Oudshoorn, director Amnesty

  • Saudi Arabia, Turkiye strengthen collaboration in agriculture, water management

    RIYADH, SAUDI ARABIA – The Kingdom's Minister of Environment, Water and Agriculture Eng. Abdurrahman bin Abdul Mohsen Al-Fadhli signed a...

    Saudi Arabia and Turkiye expressed their commitment to prepare the agricultural sector in both the countries for climate change.

    The MoU aims to strengthen cooperation and enhance production capabilities in the domains of agriculture, livestock and water management.

  • ENEC, Kazatomprom ink pact

    The move will ensure a secure supply of nuclear fuel.

    ENEC's global partnerships will support the continued rapid decarbonisation of the country's heavy and energy-intensive industries.

    This will create further clean energy sources while using the latest technologies and helping to deliver Net Zero by 2050.

  • Israel launches offensive in southern Gaza amid mounting civilian deaths

    Armored personnel carriers and bulldozers were also seen as Israel expanded its operations against Hamas in response to the Palestinian...

    "Despite what has been assured, attacks in the south of Gaza are every bit as vicious as what the north endured," said UNICEF spokesman James Elder.

    Israel's ally US intensifies calls for the protection of Gaza's civilians, with Vice President Kamala Harris saying that "too many innocent Palestinians have been killed".

  • UAE’s ENEC signs MoU with TerraPower for nuclear-technology development

    Dubai, UAE--The Emirates Nuclear Energy Corporation (ENEC) has signed a memorandum of understanding with TerraPower, an American nuclear innovation company,...

    ENEC and TerraPower will collaborate across various areas, including technical design and commercial viability of the TerraPower Natrium technology development

    The MoU will look to jointly accelerate the commercialisation and global deployment of Natrium technology under licensing agreements with TerraPower

  • White House says Israel ‘making effort’ to protect Gaza civilians

    According to Hamas, more than 15,500 people have been killed in Gaza since the beginning of the war, but Kirby...

    John Kirby insisted that US intelligence was unaware of any secret, advance Hamas blueprint for its October 7 attack on Israel that triggered the conflict

    The New York Times reported last week that Israeli authorities had obtained such a document a year before the attack occurred

  • Yemeni rebels attack British ship in Bab el-Mandeb Strait: report

    Dubai, UAE - Rebels from the Yemeni Ansar Allah movement (the Houthi) have staged a drone attack on a British...

    The United Kingdom Maritime Trade Operations said earlier that it had received information about increased drone activity and, presumably, an explosion in Ban el-Mandeb

    Yemen’s Houthi movement said on Sunday targeted two Israeli ships with an armed drone and a naval missile, a spokesperson for the group’s military said

  • UAE president and UN chief discuss ‘collective action’ to address climate challenges

    Dubai, UAE-- UAE President Sheikh Mohamed bin Zayed and UN Secretary General António Guterres discussed the importance of the conference...

    The UN chief applauded the initiative of UAE president in establishing a US$30 billion fund for global climate solutions

    They also talked on cooperation between the UAE and UN agencies, particularly in supporting world peace and climate action

  • Is 2030 the finish line for the Gulf Railway Project?

    The Gulf Railway aiming for completion by 2030, will link GCC nations with a comprehensive rail network, marking a new...

    The Gulf Railway aiming for completion by 2030, is set to link GCC nations with a comprehensive rail network, marking a new era in regional transportation and economic integration.

    Saudi Arabia's railway expansion, an integral part of the Gulf Railway Project, boosts GCC connectivity and trade, with parallel progress in the UAE, Qatar, Oman, and Kuwait.