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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.
  • Algeria names new prime minister one year from elections

    Algerian news website TSA said the change came after Tebboune publicly criticised "the management of tensions connected to the availability...

    Tebboune named Ennadir Larbaoui, currently serving as director of the presidential cabinet, to replace PM Aimene Benabderrahmane

    The nomination of Larbaoui, 74, came just over a year before presidential elections due to be held in December 2024

  • Concern grows for thousands trapped in Gaza hospital

    Crowds of people have crammed into the corridors of Al-Shifa to escape the fighting in Gaza between Israel and Hamas,...

    OCHA said Israeli bombardments around hospitals in Gaza City intensified on Friday

    MSF denounced the intense battles as the "death warrant of civilians currently trapped in Al-Shifa hospital"

  • Ukraine officer had key role in Nord Stream sabotage: reports

    Mystery has surrounded who was behind the blasts that damaged the pipelines, cutting off a major route for Russian gas...

    A joint investigation by The Washington Post newspaper and German outlet Der Spiegel singles out Roman Chervinsky who served in Ukraine's Special Operations Forces

    He oversaw logistics and support for a six-person team, which rented sailing boat using false identities and diving equipment to place explosive charges on pipelines, said reports

  • Gaza’s post-war governance uncertain as war rages

    Israeli Prime Minister Benjamin Netanyahu, who has long sought to sideline the PA, on Wednesday told Fox News his country does...

    Antony Blinken said late last month that the Palestinian Authority should retake control of the Gaza Strip from Hamas

    Hamas leader Osama Hamdan said the group will not accept a puppet government in Gaza and will remain in the territory

  • US military plane crashes in Mediterranean training ‘mishap’

    US EUCOM did not specify the type of plane or where it was flying from, but the US has deployed...

    The statement said that the aircraft sortie was purely related to training and "there are no indications of hostile activity"

    Israel's military responded with a relentless air, land and naval assault on Gaza, leaving more than 11,000 people dead

  • France rallies for Gaza, demanding ceasefire

    Pleading for an end to Israel's war on the Gaza Strip, thousands of pro-Palestine supporters took to streets in Paris...

    Similar ceasefire rallies also took place in other French towns including Marseille, Toulouse, Rennes and Bordeaux

    Manuel Bompard, one of the coordinators in Marseille, said the mobilization is essential in the face of massacres

  • Arab, Islamic leaders seek end to Israeli aggression

    The Joint Arab Islamic Extraordinary Summit, held in Riyadh calls for an immediate ceasefire and the establishment of a just...

    The Joint Arab Islamic Extraordinary Summit, held in Riyadh calls for an immediate ceasefire and the establishment of a just and lasting peace based on a two-state solution.

    Leaders from the Arab and Islamic world jointly call for the protection of Palestinian civilians, emphasizing the centrality of the Palestinian cause in regional stability.

  • Arab, Muslim leaders summit condemns Israel over Gaza offensive

    Arab and Muslim leaders condemned Israeli forces' "barbaric" actions in Gaza but declined to approve punitive economic and political steps...

    The summit took place against a backdrop of widespread anger in the Middle East and beyond over Israel's aerial and ground offensive in Gaza.

    Israel's offensive in Gaza killed over 11,000 people, mostly civilians and many of them children, according to the Hamas-run health ministry.

  • Russia spreading disinformation on Middle East situation, says Microsoft

    Paris, France - Russia has been spreading "disinformation" about the situation in the Middle East, the president of Microsoft said on...

    Brad Smith, Microsoft vice chair and president, was asked about the role of the US tech giant in promoting peace at an international peace forum in Paris.

    The president of tech giant said that Microsoft and its competitors were fighting against disinformation, in particular by using Artificial Intelligence (AI).

  • Saudi to host joint Arab-Islamic summit on Gaza crisis

    Riyadh, Saudi Arabia - Saudi Foreign Ministry said on Saturday that the Kingdom will hold a joint Arab Islamic extraordinary...

    Saudi ministry said It was decided to hold a ‘Joint Arab Islamic Extraordinary Summit’ in an exceptional manner on November 11.

    Earlier, ‘extraordinary session of the Arab Summit’ and the ‘Extraordinary Islamic Summit’ were scheduled to be held on the same date.