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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.
  • EU chief says union against ‘forced displacement’ of Palestinians

    Cairo, Egypt - European Commission President Ursula von der Leyen on Saturday said she was opposed to the "forced displacement of...

    Visiting Egypt, Von der Leyen "thanked Egypt for its key role in providing and facilitating humanitarian aid to vulnerable Palestinians"

    She discussed with Egyptian president "the ongoing humanitarian crisis in Gaza" and a "political horizon based on a two-state solution"

  • Manama Dialogue helps in addressing political, security challenges, says GCC

    MANAMA, BAHRAIN – Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi has said that the hosting of...

    The conference brings together global senior officials and experts to exchange ideas and theories about common challenges.

    It will help in understanding and analyzing issues, promoting security, peace, prosperity and supporting sustainable development.

  • Palestinian refugees in Lebanon fear for their families in Gaza

    Beirut, Lebanon - In a ramshackle Palestinian refugee camp here, Hayat Shehadeh wrings her hands as she watches the Israel-Hamas war....

    In her Lebanon's refugee camp, Palestinian Fatima al-Ashwah, 61, is glued to television, praying her family members in Gaza are not among those being pulled dead from the rubble.

    Fighting back tears, she recounted how she had visited Gaza in July, and how the family greeted her and another relative with drums and dancing in celebration at the Rafah crossing

  • Hundreds flee as Gaza’s main hospital evacuated

    Hundreds of people fled after Israel's army ordered the evacuation of Gaza's main hospital where over 2,000 people were trapped...

    Israel has been pressing military operations inside the hospital, searching for the Hamas operations center it says lies under the sprawling complex.

    Israel has vowed to destroy Hamas in response to the October 7 attacks which Israeli officials say killed about 1,200 people, most of them civilians.

  • UAE receives first batch of patients from Gaza to undergo medical treatment

    Dubai, UAE-- At least 15 patients from Gaza arrived in the UAE to receive medical treatment in the UAE's hospitals.The...

    The initiative is part of the UAE government's resolve to provide medical treatment for 1,000 children from the Gaza Strip who are in urgent need of medical care

    The UAE has sent dozens of planes with 1,400 tonnes of food, medical, and relief supplies, to support endeavors aiming at providing relief in the Gaza Strip

  • Sudan asks UN to ‘immediately’ end political mission

    The UN chief was informed about the decision by the country's ambassador to the UN, saying Sudan was terminating the...

    Sudan, however, said it would continue to work "constructively" with the UN

    More than 10,000 people have died in the civil war, which started on April 15

  • Bahrain and Thailand seek to boost economic cooperation

    Manama, Bahrain-- Bahrain and Thailand have held discussions to enhance economic cooperation in a meeting between top officials of the...

    The two officials took a review of the progress made in the political and economic cooperation between the two kingdoms

    They underscored the resolve of the two countries to consolidate security and peace, and also support sustainable development goals

  • First fuel consignment enters Gaza as Israel bows to pressure

    As UN warns of an increasingly desperate situation for 2.4m Palestinians and pleaded for a ceasefire, the first delivery of...

    Israel enforced a siege on the territory, allowing just a trickle of aid in from Egypt

    More than half of Gaza's hospitals are no longer functional due to combat, damage or shortages

  • Palestinian issue has only two-state solution: Erdogan

    Ahead of his trip to Germany, Erdogan ramped up his verbal attacks against Israel, calling it a "terror state" and...

    Erdogan was speaking about the recognition of the sovereignty of the states of Israel and Palestine, with the latter having East Jerusalem as its capital

    Erdogan is on a highly controversial visit to staunch Israel defender Germany, made more tricky by his recent accusations directed at Israel

  • US chip curbs disturb Chinese firms AI projects

    Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts...

    E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions

    The curbs now target cloud computing to prevent Chinese companies from accessing powerful AI chips hosted elsewhere