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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.
  • Germany, Turkey leaders hold divergent views on Israel-Hamas war

    BERLIN, GERMANY - Germany and Turkey's leaders traded barbs on Friday over Israel's war on Hamas, with Frank-Walter Steinmeier stressing the...

    Turkey’s President Erdogan is on a controversial visit to staunch Israel defender Germany, made more tricky by his accusations directed at Tel Aviv.

    Erdogan has been increasingly critical of Israel's war against Hamas, triggered by the group's attack that Israel said killed around 1,200 people.

  • Blinken calls on Israel to stop settler violence in West Bank: Report

    Israeli settler violence has increased significantly since the outbreak of the ongoing Israeli genocide campaign in Gaza, rising from an...

    Blinken said there is urgent need for affirmative steps to de-escalate tensions in West Bank, which includes curbing settler violence

    Blinken’s comments came as Israeli occupation forces carried out raids in the occupied West Bank and continued its raids of several of Gaza’s major hospitals

  • Gaza faces shortage of flour due to Israel-Hamas war

    KHAN YUNIS, PALESTINIAN TERRITORIES - One of the last grain warehouses in the Gaza Strip has been damaged by Israeli strikes...

    Of the five flour mills in the densely populated Palestinian territory, at least two have been hit since the war began on October 7.

    Humanitarian aid arriving via Egypt has done little to remedy the shortages, made worse by power cuts and a lack of fuel for generators.

  • 24 die at Gaza hospital due to power outages caused by Israeli siege

    The announcement came shortly after Israel agreed to a US request to allow two fuel trucks a day into Gaza,...

    The UNRWA earlier said its aid trucks were unable to enter Gaza from Egypt for a second straight day due to the lack of fuel and a near-total communications blackout.

    More than half of Gaza's hospitals are no longer functional, and Israel's raid on Al-Shifa left extensive damage to the radiology, burns and dialysis units.

  • $5.8bn worth deals signed in first four days of Dubai Airshow 2023

    DUBAI, UAE – Tawazun Council signed 16 deals, worth US$1.3 billion (AED 4.87 billion), with local and international companies on...

    The first day saw announcement of contracts worth US$1.2 billion and the second day US$1.8 billion

    The total value of contracts announced on third day stood at US$1.3 billion

  • Sudan armed conflict expanding to other regions, warns UN

    Despite the difficulties, some 4.1 million people have received humanitarian aid in the last seven months -- but that amounts...

    The deadly unrest in Sudan includes outbreaks of interethnic violence and attacks against women, according to the global body

    UN assistant secretary-general for Africa expressed alarm over the deteriorating crisis in a Security Council meeting

  • US concerned over hospital strikes after Jordan’s Gaza facility hit

    Washington, which provides significant military aid to Israel, has given unwavering support to its top Middle East ally since the...

    Blinken spoke by telephone with Jordanian Foreign Minister "to share his deep concern for the Jordanian medical personnel injured outside Jordanian field hospital in Gaza"

    Antony Blinken, who was attending an Asia-Pacific summit in San Francisco, "reiterated that civilians and medical personnel at hospitals must be protected," a statement said

  • Gaza and Ukraine: Two sides of the Western bias

    The US President Joe Biden's recent statements on the ongoing Gaza conflict, especially his assertions about Hamas' headquarters and the...

    US President Joe Biden's recent press conference highlights differing narratives on conflicts in Ukraine and Gaza, writes Shakir Husain.

    Western support for Israel's actions in Gaza underscores a shift from observers to participants in Middle Eastern conflicts, he adds.

  • Israel strikes hit near Damascus: Syrian state media

    Israel has targeted Syria several times in the past weeks as regional tensions simmer over the Israel-Hamas war in the...

    Syrian Observatory for Human Rights group said the strikes targeted sites belonging to the powerful Lebanese Hezbollah group

    Israeli strikes last month put Syria's two main airports in Damascus and Aleppo out of service several times over two weeks

  • UN chiefs reject unilateral proposals to create ‘safe zones’ in Gaza

    Geneva, Switzerland - The heads of numerous United Nations agencies and other humanitarian organizations said on Thursday they would not take...

    The officials said they "will not participate in the establishment of any 'safe zone' in Gaza that is set up without the agreement of all the parties".

    They added that proposals to unilaterally create 'safe zones' in Gaza risk creating harm for civilians, including large-scale loss of life.