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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.
  • UN urges Israel to call off northern Gaza evacuation order

    Israel's army said it has called for all Gaza City residents to evacuate their homes and head south of the...

    Stephane Dujarric said the army's evacuation order applies to all UN staff and those sheltering in UN facilities - including schools, health centers and clinics

    The UN agency for Palestinian refugees (UNRWA) is sheltering more than 60 percent of the 423,000 people displaced in recent days in the Gaza Strip

  • UN calls for $294m for ‘urgent needs’ in Gaza, occupied West Bank

    Nearly 60 percent of households in Gaza were considered food insecure before the start of the new hostilities. As of...

    The funds would be used to help more than 1.2 million people, the UN Office for the Coordination of Humanitarian Affairs (OCHA) said

    UN has previously estimated it would need $502 to fund operations to aid 2.1 million Palestinians in 2023, a goal that is less than 50-percent financed

  • Gulf Common Market aims for economic unity by 2025

    The bloc's initiative aims for a customs union by 2024, fostering competition and ensuring the smooth flow of goods between...

    The bloc's initiative aims for a customs union by 2024, fostering competition and ensuring the smooth flow of goods between Gulf countries through joint economic action

    Additionally, the Gulf Common Market will also contribute to regional political stability, bolstering military cooperation and enhance tourism and investments in the region

  • A ‘new front’ in Hamas war depends on Israel’s actions, says Iran

    Speaking from Beirut's airport, the top diplomat said that Iran's regional allies, known as the "axis of resistance", could respond...

    Although Tehran has been a long-term backer of Hamas, Iranian officials have been adamant that the country had no involvement in the Hamas attack

    Nevertheless, the United States fears the opening of a second front on Israel's northern border with Lebanon if Hezbollah were to intervene

  • Egypt receives humanitarian aid bound for Gaza

    Cairo, Egypt- The first shipment of humanitarian aid arrived in Egypt's Sinai on Thursday from Jordan, state-affiliated media reported, to be...

    El-Arish airport, 30 miles away from the Rafah border crossing into Gaza, "has been designated by Egyptian authorities to receive international humanitarian aid.

    It was not immediately clear when the aid would arrive in Gaza, after three Israeli air strikes on the Rafah border crossing resulted in its closure.

  • Israel-Hamas war a ‘new cloud’ over world economy, says IMF

    Marrakesh, Morocco-- The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with...

    IMF Managing Director Kristalina Georgieva said the International Monetary Fund was "very closely monitoring how the situation evolves" and how it is affecting oil markets

    She said it was "too early" to assess the impact of the conflict, but "this is a new cloud on not the sunniest horizon for the world economy -- new cloud, darkening this horizon

  • Countries evacuate citizens as Israel-Hamas war rages

    Thousands of foreigners are stuck in Israel and across the Palestinian territories, where a full-blown war has erupted since Hamas...

    Argentina, the Latin American country with the largest Jewish population, on Tuesday started evacuating over 1,200 of its citizens from Israel.

    "Around 4,500 German citizens" have registered on a list seeking help to return, a foreign ministry source said.

  • Blinken to visit Saudi Arabia, Egypt and UAE on Israel war

    The three countries are additional stops on his visit that included meetings with King of Jordan and Mahmud Abbas. Blinken...

    Israeli strikes knocked Syria's airports in Damascus and Aleppo, both controlled by the Syrian government, out of service.

    Gaza is being pounded every 30 seconds by Israeli strikes; a total of 4,000 tons of explosives has rained on the besieged territory.

  • Risk of oil supply disruptions due to Hamas-Israel conflict limited: IEA

    The Paris-based agency, in addition to its analysis and advisory roles, coordinates the release of emergency stocks held by its...

    Oil prices jumped at the start of the conflict but have since eased as there was no immediate disruption to supply flows and other nations have not intervened.

    Yet prices remain relatively high thanks to supply cuts by Saudi Arabia and Russia, with the IEA also warning it was beginning to see signs of demand destruction.

  • X rebuffs EU disinformation claims on Israel-Hamas violence

    EU internal market commissioner Thierry Breton raised the alarm in letters sent to Musk and Mark Zuckerberg, whose Meta group...

    The firm's CEO wrote in a letter dated Wednesday that the platform had "taken action to remove or label tens of thousands of pieces of content" related to Israel and Hamas war.

    The letter was addressed to EU internal market commissioner Thierry Breton, who had personally criticized Musk on social media on Tuesday, sparking a public clash between the two.