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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.
  • Anti-Money Laundering Permanent Committee hosts meeting with Saudi Committees

    Riyadh, Saudi Arabia - The Anti-Money Laundering Permanent Committee (AMLPC) hosted a coordination meeting with relevant Saudi permanent committees on...

    The meeting was chaired by Ayman Al-Sayari, governor of the Saudi Central Bank (SAMA) and AMLPC chairman

    It also discussed mechanisms of cooperation and coordination between the permanent committees in the Kingdom

  • Man shoots multiple times in Lebanon’s US embassy, no casualty

    Beirut, Lebanon - A gunman fired more than a dozen bullets at the US embassy in Beirut, Lebanese officials said on...

    "At 10:37 pm local time (1937 GMT), small arms fire was reported in the vicinity of the entrance to the US Embassy," said embassy spokesman Jake Nelson

    Lebanese forces have cordoned off the area of the highly-secured embassy complex in the northern Beirut suburb of Awkar, a security official told AFP.

  • ITFC collaborates with Turk Eximbank for providing joint loan of US$277m

    JEDDAH, SAUDI ARABIA - The International Islamic Trade Finance Corporation (ITFC), which is a member of the Islamic Development Bank,...

    This collaboration aims to enhance trade volume among the member states of the Organization of Islamic Cooperation.

    The loan aims to support the development of small and medium enterprises' exports as well as private sector companies in Turkey.

  • Devastating Libya floods displace more than 43,000 people

    "An estimated 43,059 individuals have been displaced by the floods in northeastern Libya," the IOM said, adding that a "lack...

    A tsunami-sized flash flood broke through two ageing river dams upstream from the city after heavy rains lashed the area on September 10.

    Earlier this week, the United Nations warned that disease outbreaks could bring "a second devastating crisis" to the flood-hit areas.

  • King Charles urges joint French-English effort on climate change

    "Just as we stand together against military aggression, so must we strive together to protect the world from our most...

    He suggested that France and Britain should team up to tackle the climate and biodiversity emergencies with a new version of the 1904 Entente Cordiale pact

    Charles' latest call on the environment came a day after Britain's PM Rishi Sunak softened green policies aimed at achieving net zero carbon emissions by mid century

  • Houthis display military strength two days after Saudi talk

    Armored cars, missiles and thousands of uniformed fighters filed past Houthi dignitaries in a show of strength from the Iran-backed group,...

    The northern fighters took Sanaa in September 2014 and threatened to overrun the country, prompting a Saudi-led international military intervention from March 2015.

    The war has left hundreds of thousands dead, through direct and indirect causes, and displaced millions of people in what the UN calls one of the world's worst humanitarian crises.

  • Ajman’s exports rise 19 percent in H1 2023

    AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the...

    Ajman’s total exports reached US$1.2 billion in H1 2023, compared to US$1.1 billion during the same period in 2022.

    Ships and boats topped the list of exported products, followed by mineral oils, fish and steel products.

  • First Ukraine grain ship since Russian blockade reaches Istanbul

    Ukrainian officials said the Palau-flagged Resilient Africa vessel was carrying 3,000 tons of wheat when it left Ukraine's Chornomorsk port...

    Ukraine is testing a new sea route that avoids international waters and follows those controlled by NATO members Bulgaria and Romania.

    It had earlier successfully sent several cargo ships along that route that were not carrying Ukrainian grain.

  • RAKEZ team wraps up roadshow to boost trade in China’s Guangdong province

    RAS AL KHAIMAH, UAE - A delegation from Ras Al Khaimah Economic Zone (RAKEZ), led by Group CEO Ramy Jallad,...

    The RAKEZ delegation aims to foster deeper ties with local enterprises, prominent trade associations and key government entities.

    The delegation hosted business forums across Guangzhou, Shenzhen and Dongguan cities, highlighting the prospects of the Middle East market.

  • US commander ‘concerned’ over Iran-Russia drone tech sharing

    Modified Iranian drones used by Moscow in its war in Ukraine could feed back to Iran, which in turn may...

    Tehran and Moscow have both provided economic, political and military support to Syria, helping Damascus claw back most of the territory it had lost in the early stages of the war

    US commander also assured oil-rich Gulf allies Saudi Arabia and the United Arab Emirates that Washington was committed to their security despite the lack of a formal treaty