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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.
  • Funding key challenge for Middle East innovators

    Deep-tech companies in the Middle East are facing challenges due to limited funding and inadequate R&D centers, leaving entrepreneurs seeking...

    Deep-tech companies in the Middle East are facing challenges due to limited funding and inadequate R&D centers, leaving entrepreneurs seeking a more supportive ecosystem

    Startups struggle to monetize intellectual property, and despite universities' support to develop IPs, the main challenge for them is achieving sustainability and profitability

  • Putin calls for ‘unhindered access’ for humanitarian aid into Gaza

    MOSCOW, RUSSIA - Russian President Vladimir Putin called on Monday for "unhindered access" for humanitarian aid to enter Gaza, in a...

    The United Nations says Gaza needs about 100 aid trucks a day to meet the needs of its 2.4 million people, nearly half of whom have been displaced.

    The US has vowed to ensure a "continued flow" of relief items into Gaza, where Israel has cut off most water as well as food, power and fuel supplies.

  • Erdogan submits Sweden’s NATO bid to Turkish parliament

    Turkey and Hungary are the only NATO members yet to ratify Sweden's membership request, which came after Stockholm dropped its...

    NATO chief Jens Stoltenberg on Monday urged a quick vote by Turkey's parliament to approve Sweden's membership.

    Erdogan has put pressure on Sweden to take measures over Quran burnings at protests in the country that have angered many in Muslim countries.

  • Total of 52 MoUs signed in Saudi-Korean Investment Forum

    RIYADH, SAUDI ARABIA – A total of 52 memorandums of understanding (MoUs) were signed at the Saudi-Korean Investment Forum here....

    The private sector inked 48 MoUs in sectors ranging from transportation, tourism, energy, technology, infrastructure and cybersecurity.

    The pacts aim to enhance investments between Saudi Arabia and South Korea which reflect the efforts towards collaboration between the two nations.

  • Over 5,000 Palestinians killed in relentless Israeli bombardments

    There have also been increasing cross-border exchanges of fire along Israel's northern border with Lebanon, between Israeli troops and Hezbollah,...

    Gaza's Hamas government said Israeli strikes overnight killed more than 60 people, including 17 in a single strike on a house in Jabaliya, in northern Gaza.

    The United States has vowed to ensure a "continued flow" of relief goods into Gaza, where Israel has cut off most water as well as food, power and fuel.

  • GCC unified tourist visa to be introduced within 2 years, says UAE minister

    ABU DHABI, UAE – Emirati Minister of Economy Abdullah bin Touq Al Marri has announced that the Gulf Cooperation Council...

    The new visa will open doors to travelers, granting them access to six countries under a single, unified tourist visa.

    The minister said the UAE is getting ready to welcome the new flow of international tourists with the new unified visa.

  • China’s Middle East envoy to arrive in UAE for talks: foreign ministry

    Washington has said it hopes China's friendship with Hamas-backer Iran could help calm the conflict, particularly after Beijing brokered a...

    Zhai Jun began his tour of the Middle East last week, first visiting Qatar and meeting with the Gulf Nation's foreign minister as well as his Russian counterpart on Thursday

    China's Middle East envoy will land in the UAE on Monday and will take part in a symposium on China-UAE relations, Beijing's foreign ministry spokesperson Mao Ning said

  • Biden discusses Mideast war with Western allies: White House

    The White House statement the Western leaders voiced commitment to coordinate "to ensure sustained and safe access to food, water,...

    Biden spoke with the leaders of Britain, Canada, France, Germany and Italy, the White House said in a statement

    The leaders discussed their own citizens trapped in the Israel-Hamas war, "in particular those wishing to leave Gaza"

  • EU to debate Gaza truce call as top diplomat urges more aid

    Describing the entry of a few dozens trucks of humanitarian aid into Gaza from Egypt as "not enough", EU foreign...

    Borrell said the bloc was debating calling for a "humanitarian pause" in Israel's conflict with Hamas

    The 27-nation EU bloc has long been split over its policy on Israel and the Palestinians

  • Paris crowd calls for end of ‘massacre’ in Gaza

    Around 40 organizations joined the rally, including Heilbronn's as well as the Jewish French Union for Peace and an association...

    "Israel assassin, Macron complicit" and "No peace without decolonisation" were among the slogans at the demonstration in the Place de la Republique square in eastern Paris

    Police said they made ten arrests at what was the first pro-Palestinian rally in the capital that had not been banned by the police because of security fears