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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.
  • Iraqi PM planning to visit Moscow in coming weeks: Foreign Minister

    Baghdad, Iraq -- Iraq is working to complete the necessary preparations for the visit of Prime Minister Muhammad Shiaa Al-Sudani...

    Foreign Minister Fuad Hussein met with his Russian counterpart Sergey Lavrov on the sidelines of UN General Assembly.

    "The two sides discussed prospects for joint cooperation and developing bilateral relations between the two countries," Iraqi foreign ministry said.

  • World must understand AI, curb its risk, says UK Deputy PM

    NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can...

    UK Deputy PM said that a summit, set for November, will aim to preempt the risks posed by frontier AI and explore how it can be used for public good.

    One of the concerns highlighted by the Deputy Prime Minister is the unprecedented speed at which AI is evolving having far-reaching implications.

  • UAE, Armenia ink 4 MoUs at joint business forum

    YEREVAN, ARMENIA  - Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI) Abdullah Mohamed Al Mazrouei and...

    A UAE delegation of around 100 representatives of government and private entities took part in the forum.

    In the first seven months of 2023, trade between UAE and Armenia was valued at US$870 million.

  • Six or seven more Muslim nations to make peace with Israel after Saudis: minister

    New York, United States - Following the historic normalization deal with Saudi Arabia, six or seven additional Muslim nations are...

    The revelation comes on the heels of Prime Minister Benjamin Netanyahu's address to the UN General Assembly, in which he hailed the emergence of a "new Middle East."

    Cohen stressed the significance of the peace agreement with Saudi Arabia, saying peace with Saudi Arabia is also peace between Jews and the Muslim world

  • GCC and UK foreign ministers exhort Iraq to uphold international agreements

    New York, US-- The GCC foreign ministers and the UK foreign minister have exhorted Iraq to uphold international agreements and...

    The ministers in a joint statement issued from New York on Friday called on Iraq to recognize and respect Kuwait's sovereignty and territorial integrity

    The Iraqi government was urged to address the domestic legal situation and continue upholding the 2012 agreement between Kuwait and Iraq

  • Netanyahu optimistic about Israel-Saudi relations

    This comes after Saudi Crown Prince Mohammed bin Salman hinted at the ongoing efforts to establish ties between the two...

    He told Fox News in an interview that he was delighted to hear what Saudi Arabia's Crown Prince Mohammed bin Salman had to say on peace with Israel

    He praised Mohammed bin Salman as "quite a visionary" and expressed confidence in the combined efforts of the U.S., Saudi Arabia, and Israel to achieve peace

  • Kuwait and China sign raft of agreements to bolster ties

    Looking to shore up ties between the two countries, Kuwait and China have signed cooperation agreements across a range of...

    The two leaders also discussed avenues to further strengthen ties for the mutual prosperity of the two nations

    They deliberated on regional and international developments and expressed desire to solidify strategic partnership

  • Iran criticizes US statement on islands dispute with UAE

    Iran said it had called in the Swiss envoy to deliver a protest over a “provocative” US statement on its...

    The islands of Abu Musa and Greater and Lesser Tunb lie near the Strait of Hormuz.

    Iran gained control of the islands under the rule of the Western-backed shah in 1971.

  • UAE-Saudi non-oil trade reaches US$159bn in 2018-22

    ABU DHABI, UAE - The volume of trade exchange between the UAE and the Kingdom of Saudi Arabia grew by...

    The volume of trade between the UAE and the Kingdom of Saudi Arabia grew by 28 percent in 2022.

    The year 2021 saw growth, reaching $33.9 billion (AED 124.65 billion), compared to $28 billion (AED 103.91 billion) in 2020.

  • US and China seek improved ties via new working groups

    Chinese state broadcaster CCTV also announced the launch of an "Economic Working Group" and "Financial Working Group," saying both will...

    The formation of the groups was agreed during talks in July between US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng in Beijing.

    The Economic Working Group will discuss macroeconomic issues, while the Financial Working Group will focus on regulatory and financial stability issues.