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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.
  • Qatar Credit Bureau, Supreme Judicial Council to share data

    DOHA, QATAR - Qatar Credit Bureau signed a memorandum of understanding (MoU) with the Supreme Judicial Council (SJC) pertaining to...

    The primary objective of this cooperation is to regularize the electronic connection between the bureau and SJC.

    SJC will supply the bureau with the outcomes of the rulings related to its work in quest of achieving data accuracy.

  • Chinese diplomat, Arab Parliament speaker discuss Middle East

    BEIJING, CHINA – The director of China’s Office of the Central Commission for Foreign Affairs met with the speaker of...

    China said the future of the Middle East should be in the hands of regional countries and people.

    The diplomat said China supports an early, fair and reasonable settlement of the Palestinian issue.

  • Israeli soldier, Palestinian attacker killed in West Bank truck ramming

    Israel's defence ministry said its security personnel at the Hashmonaim checkpoint were informed by the army that the truck was...

    Thursday's attack comes a day after a 14-year-old Palestinian stabbed a civilian at a light rail station in Jerusalem

    The truck driver was a 41-year-old Palestinian from the West Bank with a work permit for Israel, Avi Biton, head of police central command

  • Turkey to ask Russia to resume grain deal in original form

    According to TASS, quoting a diplomatic source, Turkey's Foreign Minister Hakan Fidan will propose to Russia at the upcoming talks...

    The diplomatic sourced quoted by TASS said that Turkey views the grain corridor as the most efficient and safe

    He further said the deal if resumed in original format can prevent the expansion of the Ukranian conflcit into the Black Sea

  • US blocks Nvidia AI chip sales to Middle East citing China concerns: report

    London, Britain - The Biden administration has implemented restrictions on the sale of Nvidia's advanced microchips to certain Middle Eastern...

    Nvidia, a tech giant valued at $1.2 trillion, has been directed to obtain permission before exporting chips to specific nations in the region

    Nvidia's H100 and A100 chips play a vital role in training software like ChatGPT, contributing significantly to the global race for superior computing power

  • EU okays updated Pfizer and BioNTech’s anti-Covid vaccine

    Adults and children over five require a single shot "irrespective of their Covid-19 vaccination history" while younger children may get...

    The European Medicines Agency said it "has recommended authorizing an adapted Comirnaty vaccine targeting the Omicron XBB.1.5 subvariant".

    Known as Comirnaty Omicron XBB.1.5, the mRNA vaccine is to be used to prevent Covid-19 in adults and children from six months.

  • EU diplomat’s threat to Russia medical supplies smacks of neo-Nazism: Official

    Moscow, Russia -- Moscow considers threats by European Union High Representative for Foreign Affairs and Security Policy Josep Borrell to...

    Russian Foreign Ministry said that EU High Representative for Foreign Affairs and Security Policy Josep Borrell had threatened to take medical supplies away from the Russian people

    "EU restrictions are above all an instrument of intimidation and blackmail. We deem these new direct threats against Russians by Borrell unacceptable," a spokesperson said.

  • Kremlin not ruling out foul play in Wagner chief Prigozhin’s death

    Prigozhin, 62, was buried on Tuesday in a private ceremony in his native Saint Petersburg, more than two months after...

    Kremlin spokesman Dmitry Peskov on Wednesday told reporters that officials probing the incident have not ruled out any cause for the crash including foul play.

    The Kremlin has dismissed suggestions it orchestrated the crash in revenge for Wagner's march on Moscow in June.

  • Kyrgyzstan repatriates 95 from Syria rebel camps

    Kyrgyzstan has already twice taken back its citizens from Syria or Iraq. In March 2021, 79 children were repatriated while...

    Thirty-one women and 64 children who are Kyrgyz citizens were transferred from Syria to Kyrgyzstan," said the foreign ministry in a statement

    The ministry said it was "grateful" to the US for "full assistance and logistical support" in the operation, as well as thanking UNICEF and the Red Cross

  • BRICS, SCO membership to reduce West’s sanctions effect, says Iran

    "Given our numerous capabilities, we consider Iran’s membership in BRICS and the SCO as well as participation in other regional...

    The Iranian president noted that Iran’s economic potential will help bolster the position of both organizations on the international stage

    "The effect is reciprocal because all the participants of these unions, including ourselves, will benefit from Iran’s membership," he explained