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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.
  • IMF approves $1.3bn for Morocco to help transition to a greener economy  

    WASHINGTON, US - The International Monetary Fund (IMF) Executive Board approved a Resilience and Sustainability Facility (RSF) for Morocco of...

    The arrangement will help Morocco strengthen its preparedness and resilience against natural disasters, including from climate change.

    The 18-months arrangement, "Will help Morocco address climate vulnerabilities, bolster its resilience against climate change,” the IMF said.

  • The many ways US government shutdown affects people

    WASHINGTON, US - The United States is heading toward a government shutdown this weekend with no foreseeable way out of a...

    Sharp disagreements in the Republican Party has prevented passage of the bills needed to keep the government funded and open.

    The credit ratings agency Moody's warned this week that a shutdown would be "credit negative" for US sovereign debt.

  • Iran proposes to Saudi Arabia to set up working group for visa cancellation

    Riyadh, Saudi Arabia--Iran has proposed to Saudi Arabia to set up a working group to look into the idea of...

    The idea of visa cancellation was put forward by Iranian deputy tourism minister while visiting Saudi Arabia

    Iran and Saudi Arabia in March agreed to a Chinese-brokered deal to revive relations after years of hostility

  • Israel, Saudi moving towards ‘framework’ for deal: US

    According to National Security Council spokesman John Kirby, a basic framework has been hammered out by all sides that could...

    The kingdom's Crown Prince Mohammed bin Salman recently said that the two sides were getting closer to a deal

    Saudi Arabia has been seeking security guarantees, including reportedly a treaty, with the United States in return

  • BRICS group poised to shape global economy’s future

    “This potential is further amplified by its vast human resources, and cutting-edge technological and industrial capabilities,” he adds, emphasizing that...

    BRICS, representing one-third of the world's total GDP, has immense potential to tackle global challenges like climate change and energy security

    The UAE prioritizes diplomatic efforts for regional and global stability, with initiatives such as the Abraham Accords and Human Fraternity Document

  • US to auction three new oil and gas leases in the Gulf of Mexico

    WASHINGTON, US - President Joe Biden's administration on Friday announced it would auction three new oil and gas leases in the...

    The move triggered a furious reaction from environmental groups who said the move would accelerate climate change.

    The action was denounced by advocates of the fossil fuel industry as it reduced the number of lease sales planned by previous US administration.

  • 1bn tons of food wasted every year while 783m people face hunger: FAO

    Rome, Italy - The UN Food and Agriculture Organization (FAO) and the UN Environment Program (UNEP) said one billion tons...

    The agencies said that stopping food loss and waste boosts food security, saves resources and helps reduce our carbon footprint.

    Both the bodies called for urgent action from the public and private sector as well as consumers to save and preserve food

  • India space chief unfazed by Moon mission’s apparent end

    New Delhi, India - As hopes dim of further contact with India's Moon rover, the country's space chief has said he...

    Rover Pragyan -- "Wisdom" in Sanskrit -- surveyed the vicinity of the Moon's south pole but was powered down before the start of lunar night

    "It is OK if it does not wake up because the rover has done what it was expected to do," ISRO chief S. Somanath told reporters late Wednesday

  • Four more officials held after Libya flood disaster

    Benghazi, Libya - Libya's prosecutor general has ordered the arrest of four more officials, bringing to 12 the number held as...

    The four additional suspects, including two members of the Derna municipal council, were arrested for suspected mismanagement

    Flooding caused by hurricane-strength Storm Daniel tore through eastern Libya on September 10, leaving at least 3,893 people dead

  • Women play ‘prominent’ role as hundreds protest in Syria

    Peaceful protests have swept Sweida province, the heartland of the country's Druze minority, since President Bashar al-Assad's government ended fuel...

    An activist and a witness told AFP that between 2,000 and 2,500 people took part in Friday's protests, some chanting anti-government slogans and waving Druze flags.

    Protests against deteriorating economic conditions have erupted sporadically in the province in recent years.