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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.
  • 8 dead, 3 injured in Yemen after lightning, floods

    Sanaa, Yemen - Flooding and lightning strikes in Yemen have killed eight civilians, an official and a doctor told AFP on...

    The lightning strikes occurred on Friday in the Al-Layha and Al-Zahra districts of Hodeida governorate on the Red Sea coast.

    Also on Friday, flooding killed one woman and destroyed dozens of homes in the nearby town of Hais, according to an official.

  • Sharjah Social Security Fund offers service period purchase option

    SHARJAH, UAE - The Sharjah Social Security Fund (SSSF) has allowed the possibility of acquiring the service period for insured...

    This move aligns with the fund's strategies aimed at enhancing the well-being of employees and providing them with opportunities to boost their pensions.

    The fund said it is allowed to procure the service period for insured employees after they have completed a minimum of 20 years of actual service.

  • Saudi-China Entrepreneurs Association and HKTDC sign MoU

    Hong Kong - The Saudi Arabia-China Entrepreneurs Association (SCEA) has signed a Memorandum of Understanding (MoU) with the Hong Kong...

    The MoU between SCEA and HKTDC aims to fortify commercial ties, particularly aiding startups and service providers eyeing global expansion.

    The agreement was signed during the eighth Belt and Road Summit, a two-day event themed "Ten Years of Cooperation for Mutual Benefit".

  • Egypt jails opposition activist ahead of next year’s presidential polls

    CAIRO, EGYPT - An Egyptian court has sentenced prominent dissident Hisham Kassem to six months in prison, his lawyer and political...

    Hisham Kassem was also slapped with about $650 fine after being found guilty of defaming a former minister.

    Kassem’s lawyer Nasser Amin wrote on Facebook that the verdict would be appealed in a court hearing on October 7.

  • Israel accounts for 46 percent of global Jewish population

    TEL AVIV, ISRAEL – The total global Jewish population rose to 15.7 million over the last year, while the number...

    Data showed that the global Jewish population grew by some 100,000 over the past year.

    The US has the second-largest Jewish population in the world, after Israel, - at 6.3 million.

  • Iran denounces new Western sanctions on Amini death anniversary

    Slamming the new sanctions imposed by the Western countries on the Islamic republic, Iran's foreign ministry spokesman Nasser Kanani termed...

    US sanctions targeted 25 Iranian officials, three media outlets and an internet censorship firm onto their sanctions blacklist

    Last year's Amini protests saw hundreds of people killed, including dozens of security forces, and thousands arrested

  • UAE and Russia look to boost ties in education, space, scientific research

    Moscow, Russia--The UAE and Russia are looking to strengthen the bilateral cooperation in higher education, scientific research, space, and engineering...

    Ahmad Belhoul Al Falasi, Minister of Education, and Valery Falkov, Minister of Science and Higher Education of Russia, held discussions to boost cooperation in many sectors

    The UAE minister visited the Moscow State Technical University, where he saw its research centres and learnt about the latest scientific and engineering tech solutions

  • Remove sanctions to restore Black Sea Grain Initiative: Russian Ambassador to US

    Washington, United States - Russian Ambassador to Washington, Anatoly Antonov, on Friday asked the United States to remove sanctions barriers...

    Antonov's statement comes in response to comments by US National Security Adviser Jake Sullivan, who expressed skepticism about a swift return to the initiative

    Ambassador Antonov stressed that Russia has consistently expressed its willingness to reopen the doors to the initiative provided its concerns were addressed

  • Blinken likely to visit Saudi, Israel, West Bank in October to discuss normalization

    Tel Aviv, Israel - US Secretary of State Antony Blinken is considering a trip to the Middle East in October...

    The US State Department has also issued a statement marking the third anniversary of the historic Abraham Accords

    US National Security Adviser Jake Sullivan and Middle East czar Brett Mcgurk have also made visits to Riyadh in July and last week

  • UAE to launch digital-response platform to aid disaster-hit countries

    New York, US--The UAE has announced the launch of a new digital response platform that will support disaster-affected countries to...

    The digital-response platform will let disaster-hit countries to communicate what aid is needed, allowing partners to accelerate aid delivery

    The UAE private sector during the last five years has made contributions to the tune of US$ 250 million to humanitarian efforts globally