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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.
  • Israel’s regional ties strained amid Gaza conflict

    Escalating Middle East tensions and Netanyahu's policies affect Israel's ties with Egypt and Jordan amid Arab concerns over civilian casualties...

    Escalating Gaza tensions and Netanyahu's policies strain Israel's ties with Egypt and Jordan amid Arab concerns over civilian casualties and Palestinian displacement.

    UAE's stable relations with Israel contrast Saudi Arabia's demand for significant Israeli peace concessions, casting uncertainty on regional resolution prospects.

  • Iran urges UN to deliver aid quickly in desperate Gaza

    "The amount of humanitarian aid sent to Gaza is very small and almost zero, and it is necessary for the...

    The Iranian foreign minister said the amount of humanitarian aid sent to Gaza is very small and almost zero.

    Trucks carrying the first delivery of fuel to Gaza since the Israel-Hamas war began on October 7 crossed from Egypt Wednesday.

  • Biden, Xi set for high-stakes summit

    San Francisco, US - US President Joe Biden and Chinese President Xi Jinping will try to prevent the superpowers' rivalry spilling...

    With tensions soaring over issues including Taiwan, sanctions and trade, the leaders of the world's largest economies are expected to hold at least three hours

    The 80-year-old Biden held out an olive branch to Xi, 70, on the eve of the talks, insisting that the United States was "not trying to decouple from China"

  • Erdogan calls Israel a ‘terror state’ before his Germany visit

    ANKARA, TURKEY - Turkish President Recep Tayyip Erdogan on Wednesday called Israel a "terror state", stepping up his condemnation of the...

    The Turkish leader took a more nuanced line immediately after Hamas's October 7 cross-border attacks.

    Health officials in the Hamas-run territory say more than 11,300 people, also mostly civilians, have been killed in Gaza.

  • UN appalled by Israeli military raid on Gaza’s Al Shifa hospital

    UNICEF's executive director Catherine Russell, on a rare visit to the Palestinian territory by a top UN official, said she...

    Just hours after receiving its first wartime delivery of fuel from outside Gaza, the UN warned Wednesday its operations in the territory were facing collapse.

    Canadian Prime Minister Justin Trudeau has said the killing "of women, of children, of babies" in the Israel-Hamas war must stop.

  • US renews waiver allowing Iraq to buy Iranian gas

    Due to US sanctions against Iran, Baghdad cannot pay Tehran directly for its gas. Baghdad's unpaid bills to Tehran for...

    A US official said Iraq can use its own funds to "render payment for Iranian electricity imports into restricted Iranian accounts in Iraq"

    In order to force Baghdad to pay its arrears, Tehran regularly suspends its gas supplies, which are essential for Iraq's power stations

  • US wants war between Israel and Hamas contained: Pentagon official

    Washington, United States - United States wants to see the war between Israel and Hamas contained to Gaza and not...

    As of today, "we have not seen this war spill over into other neighboring countries and into the region," Sabrina Singh said

    However, Iranian-backed groups in Syria and Iraq have continued attacks on US troops engaged in the defeat-ISIS mission, she added

  • Israeli troops storm Gaza City’s Al-Shifa hospital

    Israel has repeatedly claimed that Hamas uses the hospital as cover for a command post and weapons stores, a claim...

    Israel said its troops were carrying out "a precise and targeted operation against Hamas"

    Hamas has accused US President Joe Biden of being responsible for the Israeli assault on Al-Shifa

  • Israeli army kills eight Palestinians in occupied West Bank

    The Israeli army said its forces conducted "counterterrorism activities" in the city, during which "engineering vehicles uncovered explosive devices planted...

    Seven Palestinians were killed during an Israeli military raid on the northern city of Tulkarem, the health ministry and a local hospital said

    In a separate incident near the southern West Bank city Hebron, a 20-year-old Palestinian was killed by "occupation bullets", the Palestinian health ministry said

  • 179 Palestinians buried in ‘mass grave’ at Gaza hospital complex

    A journalist inside the hospital who is collaborating with AFP said the stench of decomposing bodies was everywhere in the...

    "We were forced to bury them in a mass grave," said Al-Shifa hospital director Mohammad Abu Salmiyah

    "There are bodies littered in the hospital complex and there is no longer electricity at the morgues," he said.