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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.
  • No science that oil phase-out will fix climate: COP28 chief

    Sultan Al Jaber -- who also heads state oil giant ADNOC -- made the comments during a testy exchange with...

    Jaber has repeated that phasing out hydrocarbons is inevitable, but that it cannot happen before viable alternatives are in place -- and that developed nations must lead the way.

    Specifying a "phase-out" or "phase-down" of fossil fuels is one of the main battles facing negotiators at COP28, where they will try to reach new a pact on fighting global warming.

  • ICC pledges to intensify war crime investigations in Israel and Gaza

    ICC Chief Prosecutor Karim Khan has vowed to ramp up efforts in investigating war crimes in the Israeli-Palestinian conflict, highlighting...

    ICC stresses the need for adherence to international humanitarian law despite conflict complexities.

    Both Hamas and Israel face the possibility of war crime charges, according to legal experts.

  • Pope deplores end to Gaza truce, urges new ceasefire

    "There is so much suffering in Gaza," the pontiff said in comments from his private residence, which were read by...

    In the comments, Francis said the end of the ceasefire meant "death, destruction, misery", stressing that the besieged Palestinian territory lacked even essential supplies.

    He said the situation in Israel and the occupied Palestinian territories was "serious". "Many hostages have been freed but so many others are still in Gaza," he said.

  • MENA region can create 10m jobs by 2050 via climate action, says ILO

    DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...

    The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.

    The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.

  • Freed Israeli hostages speak out for remaining captives’ release

    The hostages, most of whom were freed during a seven-day truce between Israel and Hamas, spoke in a video broadcast...

    The freed hostages urged the government to take all action necessary to secure the remaining captives' release

    Israeli army spokesman Daniel Hagari said Saturday that 137 Israelis and foreign nationals remained captive in the Gaza Strip

  • World Bank offers to host Lost and Damage Fund: Official

    Dubai, UAE -- "World Bank has offered to host the Lost and Damage Fund, so we'll work very closely with...

    Axel van Trotsenburg, Senior Managing Director, said, "“COP28 started with great announcements on the Loss and Damage Fund. I think it has been an extremely important decision."

    "We need to be global. We need all countries to participate in this global challenge," he noted, adding, "We need to make sure that we can keep the 1.5 degrees."

  • Israel and Hamas trade strikes as Palestinian toll mounts

    Smoke again clouded the sky over the north of the Palestinian territory, whose Hamas government said 240 people had been...

    According to the UN, an estimated 1.7m people in Gaza have been displaced by eight weeks of war

    Fadel Naim, chief doctor at Al-Ahli Arab hospital in Gaza, said his morgue had received 30 bodies on Saturday

  • US defense chief urges Israel to shield civilians to win in Gaza

    Austin told the Reagan National Defense Forum that he had "learned a thing or two about urban warfare" while fighting...

    Fighting between Israel and Hamas resumed the day before after a week-long truce

    Israel's war on Gaza began after Hamas carried out a shock cross-border attack on October 7

  • US Commerce chief warns against China ‘threat’

    Gina Raimondo unveiled a series of  restrictions on the export of advanced chips to China, including those used in the...

    Gina Raimondo called Beijing "the biggest threat we've ever had" and stressed "China is not our friend

    The world's top two economies are locked in a fierce commercial and geopolitical rivalry

  • Israel’s goal to destroy Hamas risks decade of war: Macron

    Speaking at a press conference on the sidelines of the UN's COP28 climate talks in Dubai, French President Emmanuel Macron...

    Macron wondered if total destruction of Hamas was possible, and if it is, the war will last 10 years

    He traveled to Doha on Saturday to meet with Qatar's Emir Tamim bin Hamad Al-Thani