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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.
  • Europe should move faster on energy transition, say IEA, ECB

    PARIS, FRANCE - Europe must invest more quickly and massively in its energy transition if it wants to remain a global...

    Europe must invest more quickly in its energy transition if it wants to remain a global industrial power, top policymakers said.

    Private sector investment faces barriers including policy uncertainty, bureaucratic red tape and higher energy costs, they said.

  • Qatar calls for subjecting Israel’s nuclear facilities to IAEA safeguards

    Vienna, Austria -- Qatar Friday called for intensifying international efforts to subject all Israeli nuclear facilities to International Atomic Energy...

    Qatar said this demand was confirmed by international legitimacy resolutions half a century ago, including the resolutions of the United Nations General Assembly since 1974.

    Qatar said AEA's subjecting Israel to comprehensive safeguards regime is a prerequisite for establishing a nuclear-weapon-free zone in the Middle East.

  • GCC, Pakistan ink preliminary free trade agreement

    RIYADH, SAUDI ARABIA - Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed AlBudaiwi said that preliminary free trade agreement...

    The agreement was signed by GCC Secretary-General Jasem Mohamed AlBudaiwi and Pakistani Commerce Minister Dr. Gohar Ejaz.

    The Secretary-General stressed that the GCC countries are proceeding with free-trade negotiations with other countries.

  • Jailed Tunisia opposition chief Rached Ghanouchi begins hunger strike

    The 82-year-old leader of Ennahdha was sentenced to one year in prison on terrorism-related charges in May following his arrest...

    He is the most prominent of roughly two dozen opponents of President Kais Saied arrested since February, including former ministers and business figures.

    Ghannouchi "decided to begin a three-day hunger strike to denounce the arbitrary and unfounded prosecution of the opposition", said Imed Khemiri, Ennahdha spokesman.

  • Politicians fail to understand scientific facts of climate, says expert

    PARIS, FRANCE - Wavering ambition by governments and a growing belief that science is politically subjective are great causes for concern...

    Several extreme weather events have occurred in 2023, which the European Union's climate monitor says is likely to be the hottest in human history.

    These underscores the urgency of slashing planet-heating greenhouse gas emissions to avert the catastrophic impacts of greater global warming.

  • US State Department says 60,000 emails taken in alleged Chinese hack

    State Department spokesman Matthew Miller said that the State Department has not formally assigned blame but had no reason to...

    Microsoft revealed in July that a Chinese hacking group had breached its email platform and accessed messages from around 25 organizations including US government agencies

    "It was approximately 60,000 unclassified emails that were exfiltrated as a part of that breach," State Department spokesman Matthew Miller told reporters

  • US and India discuss India-Middle East-Europe Economic Corridor

    Washington, United States - US Secretary of State Antony Blinken and India’s External Affairs Minister S Jaishankar held discussions in...

    The corridor comprises two separate routes: the East corridor connecting India to West Asia/Middle East and the Northern corridor connecting West Asia/Middle East to Europe

    A critical component of this initiative is a rail line that, upon completion, will establish a reliable and cost-effective cross-border ship-to-rail transit network

  • East Libya strongman in Moscow talks with Putin

    Haftar, who sponsors a rival administration to Libya's UN-backed government in Tripoli, has long cultivated close relations with Moscow and relies...

    Kremlin spokesman Dmitry Peskov confirmed Haftar's meeting with Putin, saying the two discussed the situation in Libya and the region as a whole

    The eastern strongman, who arrived in Moscow on Tuesday, had already held talks with Deputy Defense Minister Yunus-Bek Yevkurov during his visit

  • China wants to be world’s strongest nation, says Blinken

    WASHINGTON, US  - China is seeking to surpass the United States as the top power in the world, US Secretary of...

    Asked at a forum about China's intentions, Blinken said, "I think that what it seeks is to be the dominant power in the world -- militarily, economically, diplomatically".

    President Joe Biden's administration, while saying it is clear-eyed on China and stepping up pressure, has also been increasing dialogue in hopes of managing tensions.

  • UAE Council review cybersecurity in Jordan summit

    Amman, Jordan - The UAE Cyber Security Council discussed cybersecurity in the inaugural Jordan Cyber Security Summit 2023, known as...

    The DOT Cyber Summit 2023 explored issues related to cyber policies and strategies, international issues related to cyber risks and threats faced by countries.

    This includes mechanisms for addressing and combating their spread, and reviewing the experiences of countries and their progress in the field of cyber security.