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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.
  • WHO tells China to provide ‘full access’ to Covid investigators

    GENEVA, SWITZERLAND - The head of the World Health Organization told the Financial Times he was ready to send a new...

    WHO chief said he had already written to China asking "to give us information " and for the organization to send a team "if they allow us to do so".

    He said WHO would not abandon its investigation and has called on China for transparency in sharing data and carrying out investigations.

  • Saudi Arabia participates in global meet to bridge digital divide

    RIYADH, SAUDI ARABIA – The Kingdom’s Governor of the Communications, Space and Technology Commission (CST) Dr. Mohammed Saud Al-Tamimi participated...

    The meeting aims to enhance the contribution of the communications, space and technology sectors for attaining sustainable development objectives.

    The meeting also aims to propose policies and recommendations to bridge the digital divide and promote and develop the digital economy.

  • Jordan’s interconnection projects to serve as hub for energy exchange

    AMMAN, JORDAN -The Kingdom’s Ministry of Energy and Mineral Resources has emphasized the significance of current and upcoming electrical interconnection...

    Jordanian authorities are working on a project to connect the Kingdom’s Risha electrical station to Iraq's Rutba station.

    The interconnection line will allow the Iraqis to power the Rutba area's loads, using the Jordanian grid.

  • Desperate Sudanese face endless wait for passports so they can flee

    A million people have crossed Sudan's borders since April, fleeing the devastating war between the Sudanese army and the paramilitary...

    Since the authorities inaugurated a new passport office in the eastern city of Port Sudan in late August, hundreds of people have lined up all day, every day

    Sudan was already one of the world's poorest countries even before the war broke out, but now it has plunged into a horrific humanitarian crisis

  • Water-starved Saudi Arabia confronts desalination’s heavy toll

    The Jazlah plant in Jubail city applies the latest technological advances in a country that first turned to desalination more...

    Lacking lakes, rivers and regular rainfall, Saudi Arabia relies instead on dozens of facilities that transform water from the Red Sea into something potable

    The national Saline Water Conversion Corporation reports production capacity of 11.5 million cubic meters per day at 30 facilities

  • 14 killed in plane crash in Brazilian Amazon

    News site G1 said the plane was an 18-passenger EMB-110, a twin-engine turboprop manufactured by Brazilian aircraft-maker Embraer. It was...

    Twelve passengers and two crew were killed in the accident, Governor Wilson Lima wrote on X, formerly known as Twitter

    Media said the passengers were Brazilians traveling to the region for sport fishing, citing state security secretary Vinicius Almeida

  • Aid pours into flood-hit Libya as Derna death toll touches 11,300

    According to a United Nations report released on Sunday, the toll from Derna alone has risen to 11,300. Citing the...

    At least 40,000 people have been displaced across northeastern Libya due to flood

    International aid is arriving from all over the world, offering some relief to the survivors

  • IAEA denounces Iran over latest inspector exclusion

    Iran's foreign ministry said that the move to withdraw accreditation from several of the UN's nuclear watchdog inspectors was in...

    Grossi condemned Iran's "disproportionate and unprecedented unilateral measure" which affects verification activities

    He added that Iran has effectively removed about one third of the core group of the IAEA's most experienced inspectors

  • California sues oil giants, alleges environment, climate-risks deception

    The US state of California sued five of the world's largest oil companies, alleging the firms caused billions of dollars...

    The suit follows numerous other cases brought by US cities, counties and states against fossil fuel interests over the impact of climate change.

    The suit seeks the creation of an abatement fund to pay for future damages caused by climate disasters in California.

  • Turkey accuses Brussels of disinterest in its EU membership

    Istanbul, Turkey - President Recep Tayyip Erdogan on Saturday accused the European Union of pulling away from Turkey, whose efforts to...

    "The European Union is trying to distance itself from us," Turkish President Recep Tayyip Erdogan told reporters at Istanbul airport.

    Erdogan has made mending torn ties with Western allies a priority after winning a difficult election in May following years of tensions.