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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.
  • Big tech firms have been fined billions, but not paid them

    PARIS, FRANCE - Rarely a month goes by without big tech companies getting fined for price fixing, squashing competitors or misusing...

    Ireland's data regulator confirmed that Meta has not paid any of the US$2.2 billion in fines issued since last September.

    Amazon is still appealing against a US$812 million fine from 2021, Luxembourg's data regulator said.

  • Opposition parties stage rare rally in South Sudan

    Two years after attaining statehood, the world's newest nation collapsed into a civil war that claimed 400,000 lives before a...

    The coalition of 12 opposition parties gathered in Juba to demand unimpeded access to participate in the country's first national elections since 2011

    President Salva Kiir, South Sudan's only ruler since independence, has vowed to hold elections in 2024 -- nine years behind the original schedule

  • Foreign firms race to open offices in Saudi Arabia before deadline

    Announced in February 2021, Saudi Arabia's regional headquarters (RHQ) program is widely seen as a bid to compete with Dubai...

    So far, 162 regional headquarters licenses have been granted in sectors including pharmaceuticals, IT and construction, "with many others being processed", the ministry said.

    The program is "an early litmus test of the degree to which foreign businesses are prepared or willing to comply with and buy into Saudi initiatives", an analyst said.

  • Turkey FM warns of escalation in nuclear arms race

    Tehran, Iran-- Expressing deep concern over Israel's possession of nuclear weapons, Turkish Foreign Minister Hakan Fidan has warned of a...

    Fidan said the failure to denuclearize the region will ramp up the nuclear arms race in the region and the wider world, leading to increased nuclearization in the area

    The foreign minister said the Arab League and the Organization of Islamic Cooperation were playing crucial roles in addressing the Gaza crisis on the international stage

  • No deal between Israel and Hamas on hostages: US

    The Washington Post, citing unnamed sources, said all parties would halt combat operations for at least five days while some...

    A White House official said they were continuing to work hard to get to a deal

    Times of Israel quoted PM Benjamin Netanyahu as saying that "as of now there is no deal"

  • Gaza, West Bank should be ‘reunited’ under Palestinian Authority: Biden

    Israel's top ally Washington has given its full backing to the country's response to the October 7 shock attack by...

    "A two-state solution is the only way to ensure the long-term security of both the Israeli and Palestinian people", Joe Biden wrote

    Netanyahu did not reject Biden's plan, but said the Palestinian Authority "in its current form is not capable of receiving responsibility for Gaza

  • ‘Significant’ pause in Gaza war if hostages freed: US official

    The White House said Biden and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani discussed "the urgent need for all hostages...

    Brett McGurk said there will be a surge in humanitarian relief once hostages are released

    Jordan's FM said it was "unacceptable" to link humanitarian pauses to release of hostages

  • War in Gaza represents serious setback for efforts to reduce tension: Gargash

    Manama, Bahrain-- The ongoing war in Gaza represents a serious setback for the efforts to reduce tension in the region...

    The diplomatic adviser to the UAE president expressed concern that the violence in the Gaza Strip will only fuel further extremism and instability in the region

    He said a two-state solution is the only "viable path" to peace for both the Palestinian and Israeli peoples, and it demands strong and sustained international participation

  • WHO calls Gaza’s Al-Shifa hospital death zone

    The UN health agency said that it led an assessment mission to the hospital and determined it was a "death...

    The team could only spend an hour inside the hospital due to the security situation

    WHO said that there were 32 babies in the hospital "in extremely critical condition"

  • GCC leads in climate action despite fossil fuel reliance

    The UAE, Saudi Arabia, and Qatar outperform 17 other countries in key areas of green investment, sustainable infrastructure, and energy...

    The UAE, Saudi Arabia, and Qatar outperform 17 other countries in key areas of green investment, sustainable infrastructure, and energy transition, says a report.

    Leading the green transformation is the UAE, which has been proactively funding a variety of clean energy projects, including solar, wind, and nuclear energy.