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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.
  • Israel strikes on Syria kill two soldiers: state media

    During more than a decade of war in Syria, Israel has launched hundreds of air strikes on its territory, targeting Iran-backed forces...

    Syrian Observatory for Human Rights war monitor said strikes also targeted a weapons depot belonging to Hezbollah

    Observatory with a network of sources inside Syria confirmed the death of the two soldiers and a fighter

  • UN Chief to hold meetings with Lavrov, Zelensky, Erdogan to discuss grain deal

    New York, UN - The United Nations Secretary General Antonio Guterres will discuss the revival of the grain deal with...

    Antonio Guterres noted that he will hold separate contacts with the representatives of the Russian Federation, Ukraine and Turkey

    Russia on July 17 pulled out of grain deal, which was reached a year ago to ensure safe exports of Ukrainian grain across the Black Sea

  • UAE and Iraq to deepen economic, cultural, energy cooperation

    Baghdad, Iraq-- The UAE and Iraq have held discussions to boost economic, investment, educational, cultural, agricultural, food, technological, and energy...

    The officials from both countries discussed deepening economic, investment, educational, cultural, agricultural, food, technological, and energy cooperation

    Khalifa Shaheen Al Marar, UAE Minister of State, noted the importance of utilizing the joint committee meetings to explore new opportunities for reinforcing economic growth

  • GCC looks to deepen international ties to resolve conflicts, achieve security

    Riyadh, Saudi Arabia-- The Gulf Cooperation Council (GCC) intends to deepen the process of dialogue with the international community in...

    The GCC secretary general made the remarks in a meeting of the North Atlantic Council of NATO and representatives of the partners in the Istanbul Cooperation Initiative

    He said that the potential cooperation between the GCC General Secretariat and NATO, which is considered the largest military alliance in the world, is of paramount importance

  • COP28 to boost climate resilience and agri innovation

    Chaired by UAE Envoy for Climate Change Sultan Al Jaber, the global climate summit will focus on a four-pillar strategy...

    Chaired by UAE Envoy for Climate Change Sultan Al Jaber, the global climate summit will focus on a four-pillar strategy for a sustainable future

    Serco CEO Phil Malem calls for private sector involvement, as the UAE pledges significant investments in global renewable energy projects

  • EU chief wants global experts panel to confront AI challenges

    Von der Leyen said the proposed AI group should be similar to the UN's IPCC panel, whose reports establish scientific...

    Von der Leyen said the proposed AI group should be similar to the UN's IPCC panel, whose reports establish scientific consensus on climate change.

    The EU is leading the charge on regulating AI, and aims to green light what would be the world's first law covering the technology by the end of the year.

  • Kim Jong Un says Russia will win ‘great victory’ over enemies

    "We are confident that the Russian army and people will win a great victory in the just fight to punish...

    Putin meanwhile praised "the future strengthening of cooperation and friendship between our countries," while hosting Kim at a Far East spaceport.

    Experts say Russia may seek artillery shells and antitank missiles from North Korea, which wants advanced satellite and nuclear-powered submarine technology in return.

  • Iraq court sends 18 police officers to jail for Sweden embassy fire

    Supporters of the powerful Shiite Muslim cleric Moqtada Sadr set the Swedish embassy in Baghdad alight on the night of...

    Eight police received three-year jail terms, seven got two years and three months and three others were sentenced to 18 months in prison

    Some of the Iraqi police involved in the case were permanently disbarred from the force, according to the court's verdict

  • No India-Middle East trade corridor without Turkey: Erdogan

    Ankara, Turkey - Turkish president Recep Tayyip Erdogan has said that India-Middle East trade corridor proposed during the G20 summit...

    Turkish president highlighted Turkey's significance as a strategic location bridging the gap between the Middle East and Europe

    Turkey already supports another proposed corridor that connects the Gulf region to Turkey and Europe through a comprehensive transportation network

  • Bahrain prison inmates suspend strike after 36 days

    According to some activists at least 800 inmates joined the strike, the biggest in Bahrain's history. But Bahraini authorities said...

    The strike was suspended on Monday, after a meeting between jail officials and a group of prisoners

    The prisoners can now have extra family visits and some inmates have been released from solitary confinement