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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.
  • North Korea’s Kim travels to Russia for talks with Putin

    A Russian news agency said that Kim's had crossed the border into the Primorsky region, with images showing a train...

    The two leaders will meet on the sidelines of the Eastern Economic Forum in Vladivostok

    US has warned that Pyongyang would "pay a price" if it supplies Moscow with weaponry

  • US endorses transfer of funds to Iran in prisoner deal

    President Joe Biden's administration has insisted that Iran will only be allowed to use the money to buy food, medicine...

    The money transfer is "a critical step in securing the release of these five US citizens," a State Department spokesperson said

    Iran's foreign ministry spokesman insisted that the money will allow the Islamic republic to "purchase all non-sanctioned goods"

  • Sudan army chief visits Eritrea on latest trip abroad

    Burhan, the northeast African country's de facto leader since a 2021 coup, has been fighting the paramilitary Rapid Support Forces...

    Burhan's visit for talks with Eritrea's President was his fourth trip abroad in two weeks

    Experts say his recent travels aim to burnish his credentials in the event of talks to end the conflict

  • UAE president discusses boosting ties with president of Nigeria

    Abu Dhabi, UAE-- UAE President Sheikh Mohamed bin Zayed and Nigerian President Bola Ahmed Tinubu discussed opportunities for further bilateral...

    UAE president hoped the two leaders would work together to deepen ties that benefit both the UAE and Nigeria

    Sheikh Mohamed renewed the UAE's goal to foster ties with countries that share the same aspiration for growth

  • 150 dead in Libya after storm Daniel results in floods

    "At least 150 people were killed as a result of flooding and torrential rains left by storm Daniel in Derna,...

    The storm struck eastern Libya on Sunday afternoon, notably the coastal town of Jabal al-Akhdar but also Benghazi, where a curfew was declared.

    Images filmed by residents of the disaster area showed massive mudslides, collapsed buildings and entire neighborhoods submerged under water.

  • ENEC inks MoU with OSGE

    Aim is to help in decarbonization of the Polish power sector.

    One of the aims of the agreement is exploring opportunities to invest in Small Modular Reactors.

    Nuclear energy is recognised by both the UAE and Poland as an essential clean energy resource.

  • Saudi EXIM, India EXIM ink MoU

    Pact was signed on the sidelines of G20 Summit in New Delhi.

    The primary objective of this agreement is to facilitate the export of products and services between Saudi Arabia and India.

    The key areas of cooperation encompass exporting products and services, the exchange of information and expertise.

  • Second pilot of helicopter that crashed off UAE coast found dead

    Dubai, United Arab Emirates - The second pilot of a helicopter that crashed off the coast of the United Arab Emirates...

    "Search teams have found the body of the second pilot of the AeroGulf helicopter that crashed off the coast of Umm Al Qaiwain," reports said.

    The pilots -- an Egyptian and a South African -- had been on a training flight for AeroGulf, the UAE's leading commercial helicopter operator.

  • Five-member Israeli delegation makes first open visit to Saudi Arabia

    An Israeli delegation attended a UNESCO meeting in Riyadh, marking the country's first publicly announced visit to Saudi Arabia as...

    The team travelled through Dubai, the official said, as there are no direct flights between Israel and Saudi Arabia.

    They received their visas via UNESCO, the United Nations' educational, scientific and cultural organization.

  • Iran-US non-oil trade reaches US$31m in January-July 2023

    TEHRAN, IRAN - The US Bureau of Statistics in its latest report said the trade between Iran and the United...

    Trade between Iran and the US in January- July 2023 registered a 26 percent growth compared to the same period last year.

    Iran and the United States had traded US$24.7 million worth of non-oil products from January to July 2022.