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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.
  • Arab-Japan ties to see expansion to cultural, environmental, energy fields

    Cairo, Egypt-- Vowing to expand their relations to cultural, educational, environmental, and energy fields, Arab states and Japan have expressed...

    Bahrain's foreign minister said dialogue reflects the strong ties and joint commitment between the Arab and Asian regions to further enhance cooperation

    The minister emphasized the importance of both sides' commitment to supporting pluralism, international law, peace, stability, and prosperity for all

  • Israel suspension of Gaza exports risks ‘catastrophe’: businesses

    Osama Nofal, of the Gaza economic ministry, put the value of Gaza exports to Israel and the occupied West Bank...

    Israel's army chief on Monday ordered a halt to commercial deliveries from Gaza to Israel after an alleged attempt to smuggle explosives

    The Gaza Strip has been under a crippling Israeli blockade since the Islamist group Hamas seized power in the Palestinian territory in 2007

  • ‘Multilateralism only option to tackle global crises’

    Stressing that “we are in a race against time” on issues from climate change and biodiversity loss to education and...

    Outgoing UN General Assembly President Csaba Kőrösi emphasizes the importance of international cooperation

    Kőrösi also calls for urgent action on climate change, education, gender equality, and sustainable development

  • Saudi, Iran exchange ambassadors after years-long rupture

    Saudi Arabia's embassy in Tehran resumed operations last month. In June, Iran marked the reopening of its embassy in Riyadh...

    Two countries agreed to resume diplomatic relations and reopen their respective embassies following a China-brokered deal announced in March

    Riyadh and Tehran severed ties in 2016 after Saudi diplomatic missions in Iran were attacked during protests over Riyadh's execution of the cleric Nimr al-Nimr

  • Egypt president calls for measures to slow birthrate

    Cairo, Egypt -- Egyptian President Abdel Fattah al-Sisi called Tuesday for measures to slow the birthrate in the Arab world's most...

    "We need 400,000 births per year," said the leader of the country of 105 million inhabitants which recorded nearly 2.2 million births in 2022.

    Sisi intervened when his minister of health and population, Khaled Abdel Ghaffar, told a conference that "having children is a matter of complete freedom".

  • World inches step closer towards plastic pollution deal: UN

    Some 175 nations are working to reach a landmark agreement by end-2024 that will curb plastic pollution, which ends up...

    Global plastic production has more than doubled since the start of the century to reach 460 million tons and could triple by 2060 if nothing is done. Only 9% is currently recycled.

    The draft deal, published by the Intergovernmental Negotiating Committee, will form the basis of fresh talks in the Kenyan capital, Nairobi, on November 13-19.

  • Xi’s G20 no-show hints at China’s shifting diplomatic priorities

    Beijing, China - President Xi Jinping's unexplained decision to snub the G20 summit underlines Beijing's frayed ties with other major powers...

    Beijing's foreign ministry said Monday that Premier Li Qiang would join the leaders of the world's biggest economies in New Delhi this weekend, effectively confirming Xi's absence

    No reason was given why Xi will not attend the summit, which he has not skipped since coming to power, except Rome in 2021 when he participated by video link owing to pandemic

  • Israel’s sports team makes landmark visit to Saudi Arabia

    Riyadh, Saudi Arabia - An Israeli sports delegation arrived in Saudi Arabia on Monday to participate in the World Weightlifting...

    Three Israeli weightlifters are set to compete in different weight classes during the World Weightlifting Championships

    Israeli athletes are expected to participate in a competition in Qatar in December, even though neither Saudi Arabia nor Qatar maintains diplomatic ties

  • UN ‘alarmed’ by clashes at Eritrean protests in Israel

    Trouble erupted on Saturday when a demonstration against an Eritrean government event turned violent, injuring nearly 140 people, including a...

    The clashes between police and demonstrators began outside a south Tel Aviv venue that was set to host a pro-regime event organised by the Eritrean embassy in Israel

    Hundreds of anti-government Eritreans came to prevent the event from taking place, Israeli police ordered the street to be emptied calling the gathering an illegal demonstration

  • UN envoy arrives in Western Sahara for talks on disputed territory

    A statement said he was "looking forward to conducting visits in the region and meetings, engaging all concerned ahead of the...

    UN said de Mistura's trip would focus on the prospects of constructively advancing the political process on Western Sahara in the course of these regional engagement

    The Security Council called in October last year for all parties to the dispute to engage in talks to come up with a "lasting and mutually acceptable political solution"