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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.
  • Afghan embassy in India suspends operations

    Most foreign nations -- including India -- do not officially recognize Afghanistan's Taliban government but acknowledge them as the de...

    India will take control of the Afghanistan embassy in a caretaker capacity, said an embassy statement posted on social media

    The unsigned statement said it had been "increasingly challenging" to continue operations due to cuts in staff and resources

  • UAE and Barbados look to deepen trade, energy ties

    Bridgetown, Barbados-- The UAE and Barbados have discussed prospects for bolstering bilateral cooperation, particularly in climate action and renewable energy,...

    The UAE foreign minister and Barbados PM discussed mechanisms of joint cooperation across various sectors of economy, tourism and trade

    Sheikh Abdullah bin Zayed's tour looks to show UAE’s keenness to strengthen friendly relations with the countries of Latin America and the Caribbean,

  • Israeli forces kill Palestinian in West Bank: ministry

    Palestinian official news agency Wafa reported that Israeli forces had fired "live bullets and tear gas canisters at several young...

    The ministry identified the teenager as 16-year-old Milad Munther al-Raee who was killed at the entrance to Al-Arroub refugee camp

    The Israeli military said "terrorists hurled molotov cocktails" at soldiers who were at a military post adjacent to the camp

  • China rejects US disinformation accusations, calls Washington ’empire of lies’

    Beijing, China - China on Saturday accused the United States of being an "empire of lies", hitting back after a State...

    The report, released Thursday by the US State Department's Global Engagement Center, accused China of financing propaganda, disinformation.

    "It is the U.S. that invented the weaponizing of the global information space," a Chinese foreign ministry spokesperson said in a statement.

  • UN conference adopts plan to reduce harmful chemicals

    PARIS, FRANCE - A new roadmap to reduce the environmental risks from chemicals and waste was adopted at a United Nations...

    The plan sets out 28 concrete targets and guidelines for key sectors across the entire lifecycle of chemicals, from production to waste.

    It calls for a transition to more sustainable chemical alternatives, responsible management of chemicals in industry, agriculture and healthcare.

  • Libya resumes flights to Italy after nearly 10 years of EU ban

    Tripoli, Libya - A Rome-bound aircraft departed on Saturday from Libya's capital, restarting flights to Italy after a nearly decade-long suspension...

    The European Union in 2014 halted flights operated by Libyan airlines and banned them from entering member states' airspace

    Restarting flights is "part of intensive government efforts to lift the European ban on Libyan civil aviation", said Libya's UN-recognized government

  • ADB capital reforms unlock $100bn to support Asia and the Pacific region

    MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity...

    The expansion of available funds will be further leveraged by mobilizing private and domestic capital required to tackle the climate crisis.

    The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries facing unexpected crises.

  • At $75bn, Saudi defense budget beats several European countries in 2022

    Last year, Saudi Arabia led the Middle East in military investments, ranking fifth globally with a defense budget of $75...

    Qatar's military expenditure reaches $15.4 billion, ranking close to the Netherlands

    The United States remains the global leader with $877 billion in military spending

  • Rights group urges justice an year after Iran’s ‘Bloody Friday’

    Paris, France - Campaign groups on Saturday demanded the perpetrators of the killing of dozens of protesters in southeast Iran one...

    Reportedly, Iranian forces used live fire to suppress a protest on 30 September. 2022 which resulted in death of 104 people.

    Also known as "Bloody Friday", the day is considered the single deadliest day of months-long protests that erupted in Iran last year.

  • Fourth soldier dead due to Houthi attack, says Bahrain

    Manama, Bahrain - A fourth Bahraini soldier has died after an attack this week on his country's contingent in the Saudi-led...

    First Lieutenant Hamad Khalifa al-Kubaisi had on Friday "succumbed to serious injuries as a result of the treacherous Houthi attack", Bahrain said.

    Bahrain had previously announced the deaths of three of its soldiers in Monday's attack near the Saudi border with Yemen.