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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.
  • Most Arab youth against normalization with Israel, more so Palestinians: survey

    Dubai, UAE - The majority of Arab youth are against the normalization of relations with Israel, with Palestinians and Iraqis...

    The normalization is opposed by the 98% of youth in Saudi Arabia, the biggest Arab power which is currently engaged in talks to normalize relations with Israel

    Other Arab countries with most opposition among youth to any normalization with Israel include Libya (98%) followed by Sudan (97%), Jordan (97%), Kuwait (86%) and others

  • Israel ‘at war’ with Palestinian fighters, after rocket attack

    Hamas militants fired barrages of rockets at Israel from multiple locations across the Palestinian territory, according to the accounts of...

    Hundreds of residents fled their homes in eastern Gaza to move away from the border with Israel.

    Hamas appealed to fighters in the West Bank and "our Arab and Islamic nations" to join the battle.

  • Iran denounces ‘political’ Nobel Peace Prize

    Slamming the Nobel Committee for what he called as "false claims", Iran's Foreign Ministry spokesman said the committee awarded the...

    The spokesperson said the prize was a "deviation from its initial objectives"

    Nobel committee chairwoman hailed Mohammadi for her "brave struggle"

  • UAE president and US senator discuss bilateral strategic alliance

    Abu Dhabi, UAE--UAE President Sheikh Mohamed bin Zayed discussed how to deepen strategic alliance with the US in a meeting...

    The meeting saw the two countries reiterating their commitment to promoting development and reinforcing stability across the Middle East and beyond

    The two leaders talked at length on regional and international developments and discussed efforts by the UAE and US to strengthen global peace and stability

  • Dubai’s weeklong real estate transactions exceed US$2.5bn

    DUBAI, UAE -  A total of 1,445 real estate transactions worth over US$2.5 billion (AED 9.5 billion) were conducted during...

    The Dubai Land Department report showed that 248 plots were sold for US$476 million.

    The DLS report said 1,197 apartments and villas were purchased for US$865 million.

  • ‘Act of cruelty’: 150 cats dumped in UAE desert, dozens die

    Dubai, United Arab Emirates - Some 150 cats have been found left for dead in the desert in the United Arab...

    Emirati authorities announced they had opened an "investigation into the incident of abandoned cats" in the Abu Dhabi desert.

    All "administrative and legal measures" would be used against the perpetrators of this "inhumane" act, the authorities said.

  • Russia to discuss revoking Comprehensive Nuclear Test Ban Treaty

    Moscow, Russia - Russia will soon discuss revoking the ratification of the Comprehensive Nuclear Test Ban Treaty, the speaker of the...

    Russian official Vyacheslav Volodin made the announcement a day after President Vladimir Putin evoked the possibility of such a move.

    "This is in line with the national interests of our state. And it will be a mirror response to the United States which has not yet ratified the treaty," he said.

  • Drought caused major global hydropower drop in early 2023

    BANGKOK, THAILAND - Dry conditions, particularly in China, caused a "historic" global drop in hydropower in the first half of 2023,...

    Wind and solar generation grew more slowly in the first half of this year than in the same period last year.

    The chief of this year's COP climate meeting has called for a global tripling of renewable energy capacity by 2030.

  • Aramco’s Luberef resumes bitumen exports after 20 years

    RIYADH, SAUDI ARABIA - King Fahad Industrial Port has successfully shipped 5,500 tons of bitumen to South Africa onboard bulk...

    King Fahad Industrial Port has successfully shipped 5,500 tons of bitumen to South Africa making it the first cargo of oil byproduct from Yanbu-based hub.

    This reflects Mawani’s step to position the ports sector as a vehicle to fulfil Vision 2030’s ambition of transforming the Kingdom into a logistics hub.

  • Saudi Arabia to enhance air connectivity to over 250 destinations by 2030

    RIO DE JANEIRO, BRAZIL - A delegation led by President of the General Authority of Civil Aviation (GACA) Abdulaziz bin...

    The Kingdom plans on carrying 330 million passengers annually and raising freight capacity to 4.5 million tons by 2030.

    Saudi Arabia and the Dominican Republic also signed agreements on air transport services between the two countries.