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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.
  • Iranian company SAIPA to export cars to Russia

    TEHRAN, IRAN – The CEO of SAIPA Auto Making Company, Iran’s second-largest car manufacturing company, said a contract has been...

    SAIPA is planning to supply 90,000 units of the QUIK sedan model to Russian customers in the next three years.

    Exports can start within a month and after the required permits are issued by Russian authorities.

  • Iran’s non-oil exports reach US$19.3bn in March to July 2023

    TEHRAN, IRAN - Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five...

    Also 14.4 million tons of non-oil goods, valued at US$24.2 billion were imported into the country from March 21, 2023 to July 22, 2023.

    In this period, China, Iraq, the United Arab Emirates (UAE), Turkey and India were Iran’s main export markets respectively.

  • There are no frozen assets abroad, says Iranian President

    TEHRAN, IRAN   – Iran President Ebrahim Raisi on Tuesday said that the country’s money is only blocked in South Korea...

    Iran has forged strong relations with Islamic and other like-minded countries.

    The country is keen on membership in regional and extra-regional alliances.

  • West has failed to isolate Iran, says President Ebrahim Raisi

    Raisi was referring to sanctions imposed on Iran since the United States torpedoed the nuclear deal in 2018, as well...

    "The enemy tried to follow two strategies: one was to isolate Iran from the world and the other was to discourage the Iranian nation," Raisi said.

    The president said Iran was continuing to seek "the lifting of sanctions" through negotiations to revive the 2015 nuclear accord.

  • Israeli PM thanks Saudi after emergency aircraft landing in Jeddah

    The Air Seychelles flight laden with Israeli passengers was heading from the Seychelles to Tel Aviv. Saudi airspace had been...

    The Air Seychelles flight made an emergency landing Monday in the Saudi coastal city of Jeddah due to technical difficulties.

    Israeli media said 128 passengers aboard the flight were welcomed and given overnight accommodation in the Red Sea city.

  • Renewables helped save $520bn fuel costs globally in 2022: Report

    In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up...

    In addition to these direct cost savings, there would be substantial economic benefits from reducing CO2 emissions and local air pollutants.

    IRENA’s Director-General Francesco La Camera said the world must add 1,000 GW of renewable power annually on average every year until 2030 to keep 1.5°C within reach.

  • Erdogan may meet Putin before UNGA kicks off: TASS

    Ankara, Turkey - Turkish President Recep Tayyip Erdogan is expected to talk to Russian President Vladimir Putin in September, ahead...

    The primary objective of the two leaders is to find potential pathways toward achieving resolution to the conflict in Ukraine

    They are also set to deliberate on various aspects of the original grain agreement and explore potential alternative options

  • India and Iran reach agreement on Chabahar Port development

    Tehran, Iran -  India and Iran have reportedly reached an agreement on the legal terms for the development of the...

    The strategic Chabahar Port has been a focal point of cooperation between India and Iran for several years

    The two countries have been working on a comprehensive agreement that would grant India the rights to develop the Shahid Beheshti Terminal

  • Egyptians, Zambians in court over gold on mystery plane

    The Drug Enforcement Commission said the chartered aircraft was transporting "dangerous goods". Judge Davies Chimbwili said that they were accused...

    Drug and law enforcement authorities said 11 suspects, including a senior Zambian police officer, had been arrested and charged with "espionage"

    Court papers seen by AFP list a former Egyptian military person and businessman as well as a Zambian police officer among the suspects

  • Hezbollah seeks restriction on UN’s Lebanon peacekeepers

    The mandate of the UN Interim Force in Lebanon, which expires Thursday, was extended last year with a slight modification...

    Under the modified mandate the peacekeeping force "is allowed to conduct its operations independently", the UN resolution said

    On Monday, Lebanon's Foreign Minister Abdallah Bouhabib met in New York with UN chief to convey Lebanon's position