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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.
  • UAE and US aim to speed up cooperation in clean energy, technology

    Abu Dhabi, UAE-- The UAE and US have reviewed ways to accelerate cooperation in priority sectors such as clean energy,...

    The talks between the two countries coincide with a jump in non-oil trade between the two nations, which reached US$21.63 billion in the first half of 2023, a 37% rise

    Al Zeyoudi emphasized that the US, apart from being a UAE trade partner, remains a key ally in advancing socioeconomic progress through global economic cooperation

  • Arab League denounces Israel siege of Gaza Strip

    Demanding that aid be immediately allowed to go into the besieged enclave, Arab foreign minister condemned Israel's siege of Gaza...

    Arab League called for the dispatch of food, fuel and humanitarian aid to the impoverished enclave

    On Wednesday, the enclave's authority said the only power plant in Gaza had shut down due to lack of fuel

  • Saudi prince, Iran president hold call on Israel-Hamas war

    Analysts say the war has dealt a heavy blow to a possible landmark normalisation deal between Saudi Arabia, home to...

    Prince Mohammed told Raisi that Riyadh is "communicating with all international and regional parties to stop the ongoing escalation", SPA said

    Iranian state news agency IRNA also reported on the call, saying the two men discussed the "need to end war crimes against Palestine"

  • Reports of Hamas murdering 40 babies unconfirmed: Israel

    Reports about "40 babies murdered" have been reposted massively on social media sites since Tuesday, and used to condemn Hamas's...

    Reports about "40 babies murdered" by Hamas have been reposted massively on social media sites since Tuesday and used to condemn Hamas attack.

    But asked about the number of babies killed, an Israeli official said, "We cannot confirm any number at this stage."

  • Netanyahu announces wartime ’emergency government’ with Gantz

    The three-member "war cabinet" would include Netanyahu, Gantz and Defence Minister Yoav Gallant, according to the statement. It said Gadi...

    Opposition leader Yair Lapid has not joined his former ally Gantz, but the statement said a seat would be "reserved" for him in the war cabinet.

    Israel's firebrand National Security Minister Itamar Ben-Gvir said on X, formerly Twitter, that he "welcomes the unity, now we must win".

  • Israel fires artillery after munitions launched from Syria

    "Soldiers are responding with artillery and mortar shells toward the origin of the launching in Syria," an Israeli military statement...

    This was the first exchange of fire between Israel and Syria since Hamas carried out an unprecedented assault on Israeli territory from the blockaded Gaza Strip on Saturday

    According to the Syrian Observatory for Human Rights, the shells were fired by "Palestinian factions working with the Lebanese Hezbollah"

  • More than 260,000 people displaced in Gaza: UN

    Fierce fighting has left thousands dead on both sides since Hamas launched a surprise assault on Saturday, spurring Israel's reprisal...

    The bombing campaign has destroyed more than 1,000 housing units, and 560 have been rendered uninhabitable

    Nearly 175,500 people sought shelter in 88 schools run by the UN agency supporting Palestinian refugees

  • Hamas strike stuns, yet it’s important to remember backstory

    Since 2008, Israel has conducted four major military operations in Gaza, resulting in significant casualties and widespread destruction.

    Since 2008, Israel has conducted four major military operations in Gaza, resulting in significant casualties and widespread destruction

    The 2008 assault raised international alarm as Israel was accused of using internationally banned weaponry, including phosphorus gas

  • ‘Spirit of resistance’: Arab support for Palestinians swells

    Beirut, Lebanon -- In mosques, football stadiums and towns across the Arab world, pro-Palestinian sentiment has surged after a shock...

    From Ramallah to Beirut, Damascus, Baghdad and Cairo, people have distributed sweets, danced and chanted prayers in support of the "resistance" to Israel's long-standing occupation

    In the Tunisian capital, schools raised Palestinian flags and a coalition of organizations and political parties have called for massive solidarity rallies.

  • World economy resilient, says IMF; keeps growth forecast unchanged

    The IMF kept its 2023 global growth forecast unchanged but warned that the economy is "limping along" as inflation remains...

    Inflation, which has fallen sharply since last year, is predicted to remain elevated at 6.9 percent this year.

    Central banks across the globe have raised interest rates sharply in efforts to contain inflation.