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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.
  • Crisis escalates in Gaza as medical supplies dwindle

    The humanitarian situation in Gaza reaches a critical point as medical supplies run low and the Al-Awda Hospital faces closure...

    The humanitarian situation in Gaza reaches a critical point as medical supplies run low and the Al-Awda Hospital faces closure due to a severe fuel shortage.

    With the international community's eyes upon them, urgent calls for aid and intervention are being made amidst the ongoing Israeli-Palestinian conflict.

  • Israeli destruction of Gaza housing a war crime: UN expert

    A month of Israeli strikes on targets within the Gaza Strip have destroyed or damaged 45 percent of all housing...

    The UN official said bombardment of housing, civilian objects and infrastructure are strictly prohibited under international law.

    "Apartment buildings are not military objects. Hospitals and ambulances are not military objects. Refugee camps are not military objects," he said.

  • Higher global temperatures culprit El Nino could stay till Apr 2024

    Geneva, Switzerland - The El Nino weather phenomenon, which triggers higher global temperatures, is expected to last until at least April...

    El Nino is a naturally occurring climate pattern typically associated with increased heat worldwide, as well as drought in some parts of the world and heavy rains elsewhere

    The UN's World Meteorological Organization said the current El Nino, which developed rapidly during July-August this year, was likely to peak between now and January

  • Israel not to attend Macron’s humanitarian event for Gaza in France

    Macron had spoken on Tuesday to Israeli Prime Minister Benjamin Netanyahu and the pair will talk again once the aid...

    Thursday's aid conference has been put together in a hurry on the sidelines of the Paris Peace Forum on November 10-11, an annual event launched by Macron

    Recent weeks have seen growing calls for humanitarian "pauses" or a full ceasefire to allow aid to enter Gaza and keep hopes alive of freeing the hostages

  • EU expansion: who’s in and who wants to join?

    Founded in 1957, the European Economic Community (later renamed the EU) started out with six members Belgium, France, Italy, Luxembourg,  the Netherlands and West...

    In 1973, Britain, Denmark and Ireland joined, followed by Greece, Portugal and Spain in the 1980s.

    In 1995, the bloc began expanding eastwards, admitting Austria, Finland and Sweden in a leap that gave it a shared border with Russia for the first time.

  • G7 supports ‘pause’ in Gaza war but stops short of calling for ceasefire

    "We stress the need for urgent action to address the deteriorating humanitarian crisis in Gaza... we support humanitarian pauses and...

    Israeli PM Netanyahu said Monday there would be no fuel delivered to Gaza and no ceasefire unless more than 240 hostages seized by Hamas were freed

    He also said Israel would assume "overall security" in Gaza after the war ended, while allowing for possible "tactical pauses" before then to free captives

  • Ahead of likely Xi-Biden summit, China says ready to improve ties with US

    Both sides appear willing to patch things up, with Washington sending a number of top officials to Beijing this year...

    Chinese Vice President Han Zheng said recent high-level meetings between Beijing and Washington were sending "positive signals" that relations were improving

    Relations between Washington and Beijing sunk to some of their deepest lows in recent years over a host of issues including export controls, human rights and national security

  • Blinken says Israel should not ‘reoccupy’ Gaza

    "The United States believes key elements should include: no forcible displacement of Palestinians from Gaza, not now, not after the...

    Speaking to reporters after G7 foreign ministers held talks in Japan, Blinken listed what he said were "key elements" in order to create "durable peace and security."

    The United States believes key elements should include: no forcible displacement of Palestinians from Gaza, not now, not after the war, Blinken added

  • Turkey sidelined as EU prepares to open door to others

    As when the European Union published its annual reports on candidate countries' progress towards EU norms on Wednesday, all eyes...

    Turkey's ambassador to the EU reaffirmed Turkey's commitment to accession, but acknowledged it was not going to be easy

    "Turkish government is committed to EU membership," said Faruk Kaymakci adding they expect equal treatment among candidate countries

  • IS claims Kabul bus bombing that killed at least 7

    Kabul police spokesman Khalid Zadran said the explosion occurred in the capital's Dasht-e-Barchi neighborhood -- an enclave of the historically...

    The IS-affiliated news outlet Amaq later announced its fighters had "detonated an explosive device" on a bus carrying Shiites in west Kabul

    The number of bomb blasts and suicide attacks has reduced dramatically since the Taliban ended their insurgency after seizing power in August 2021