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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.
  • Islamic leaders bash West at UN over Koran burnings

    Sweden has seen a series of burnings of the Islamic holy book, with the government voicing condemnation but saying it...

    Turkish President Recep Tayyip Erdogan said that Western countries were seeing "a plague" of racism including Islamophobia

    The emir of Qatar in his speech said that "compromising the sanctity of others deliberately" should not be seen as freedom of expression

  • Yemen rebels return from ‘positive’ Saudi peace talks: official

    The Riyadh trip, five months after the rebels hosted a Saudi team in Sanaa, is the latest hopeful sign for...

    The Houthi representatives had arrived in Riyadh on Thursday for their first public visit since a Saudi-led coalition in 2015 launched a military intervention in Yemen

    The delegation along with an Omani mediator "returned to the capital Sanaa after five days of negotiations in Riyadh", the Houthis' TV channel Al-Masirah reported

  • Canada-India row over homicide: White House ‘deeply concerned’

    Media reports said that Canada worked closely with the US government and CIA before Prime Minister Justine Trudeau made public...

    "It is critical that Canada’s investigation proceed and the perpetrators be brought to justice," said National Security Council spokeswoman Adrienne Watson.

    British Foreign Secretary James Cleverly, who was at the United Nations, said his nation wants India's "full cooperation" with Canada in the probe.

  • Indian MPs shift to new parliament, bid adieu to British-era building

    "Today India has awakened with a new consciousness," Modi said in the central hall of the old parliament building before...

    The triangular building that will now seat nearly 800 representatives from across India is the centerpiece of a remodeling of the heart of New Delhi.

    Modi's government has worked to rid the Indian capital of the vestiges of the colonial era, which itself saw a wholesale transformation of the megacity by British.

  • Drone which killed three Kurdish officers came from Turkey: Iraq

    Turkish military action has principally targeted the Kurdistan Worker's Party (PKK) and its Syrian Kurdish ally, the People's Defence Units...

    Three members of the counterterrorism forces of Iraq's autonomous Kurdish region were killed and three wounded in Monday's drone strike on Arbat airfield

    Turkey has stepped up its drone strikes on Kurdish targets in both Iraq and Syria in recent months, although deaths among the Iraqi Kurdish security forces remain rare

  • Canada and India expel diplomats as row over killing heats up

    The diplomatic spat has grown fierce in the hours since Canada blamed India for being behind the killing of a...

    Trudeau called on the Indian government to cooperate in clearing up the matter

    Relations between India and Canada have been tense over the unsolved slaying

  • UAE, Egypt presidents meet, discuss ties, regional issues

    Abu Dhabi, UAE - The UAE President Sheikh Mohamed bin Zayed Al Nahyan of the UAE and President Abdel Fattah...

    The two presidents deliberated on economic, investment, and development collaborations between the two countries

    They exchanged views on regional and global developments, emphasizing the importance of peaceful resolutions to regional conflicts

  • Biden pledges to extract ‘costs’ from Iran despite prisoner swap

    NEW YORK, US- President Joe Biden said the United States would keep piling "costs" on Iran despite a prisoner swap deal...

    Biden confirmed that he was imposing new sanctions on Iran's intelligence ministry and former president Mahmoud Ahmadinejad.

    His statement did not mention the granting of clemency to five Iranians jailed or awaiting trial for non-violent crimes.

  • $15m paid in compensation to passengers in 2021-22 in Saudi Arabia, says GACA

    RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) said that national airlines in the Kingdom have issued...

    These compensations were given primarily to deal with issues such as delays, loss of luggage, flight cancellations.

    GACA aims to ensure that passengers are well-informed about their rights and can easily obtain refunds as per the regulations.

  • 14 pro-Turkish fighters killed in Syria attack by Kurdish group

    Beirut, Lebanon - A Syrian Kurdish armed group attacked an area controlled by pro-Turkish fighters in rebel-held northern Syria on Monday,...

    The Kurdish Afrin Liberation Forces took advantage of factional fighting that broke out after midnight on the outskirts of Al-Bab in Aleppo province.

    With artillery support, the Kurdish group infiltrated the area, leaving "at least 14 dead" and others wounded in the attack, all pro-Turkish fighters.