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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 urges Israel, Hamas to seize ‘window of opportunity’ for Gaza truce

    US President Donald Trump voiced optimism on Friday about a new ceasefire in Gaza saying an agreement involving Israel and...

    US President Donald Trump voiced optimism on Friday about a new ceasefire in Gaza saying an agreement involving Israel and Hamas could come as early as next week

    Mediators have been engaged in months of back-and-forth negotiations with the warring parties aimed at ending 20 months of war in Gaza

  • Putin says Russia, Ukraine peace proposals “absolute contradictory”

    Russian President Vladimir Putin said Friday that Russia and Ukraine's demands for peace were "absolutely contradictory", after two rounds of...

    Russian and Ukrainian negotiators swapped memorandums outlining their visions for how to end the three-year conflict at peace talks in Istanbul this month

    But other than large-scale prisoner exchanges, the talks have failed to result in any progress toward ending the fighting, triggered by Russian military offensive in February 2022

  • Doctors’ aid group slams US-backed Gaza relief scheme over deadly roll-out

    The Gaza Humanitarian Foundation, which began operating last month and has largely replaced established humanitarian organisations, "is degrading Palestinians by...

    The Gaza Humanitarian Foundation, which began operating last month and has largely replaced established humanitarian organisations

    Starting in March, Israel blocked deliveries of food and other crucial supplies into Gaza for more than two months, leading to warnings of famine across a territory

  • Israel FM says world has ‘obligation’ to stop Iran getting nuclear bomb

    Israel's foreign minister said Friday the world was obliged to stop Iran developing an atomic bomb, days after Israel claimed...

    "Israel acted at the last possible moment against an imminent threat against it, the region and the international community," Gideon Saar wrote on X

    The conflict erupted on June 13 when Israel launched a bombing campaign that it said aimed to stop Iran from developing a nuclear weapon - an ambition Iran has consistently denied

  • Iran says IAEA chief request to visit bombed sites suggests ‘malign intent’

    Iran on Friday rejected a request by UN nuclear watchdog chief Rafael Grossi to visit facilities bombed by Israel and...

    IAEA director general "Grossi's insistence on visiting the bombed sites under the pretext of safeguards is meaningless, Iranian foreign minister said

    Araghchi again hit out at Grossi personally for not speaking out against the Israeli and US strikes on Iran's nuclear facilities, describing it as " betrayal of his duties."

  • Conflicts and related fatalities triple since 2000, fueling extreme poverty: WB

    Washington, United States -- Conflicts and related fatalities have more than tripled since the early 2000s, fueling extreme poverty, the...

    This year, 421m people get by on less than $3 a day in places hit by conflict or instability -- a situation of extreme poverty -- and the number is poised to hit 435m by 2030.

    Global attention has been focused on conflicts in Ukraine and the Middle East for the past three years, said World Bank Group chief economist Indermit Gill.

  • US Supreme Court curbs power of individual judges to block Trump

    In a 6-3 ruling stemming from Trump's bid to end birthright citizenship, the court said nationwide injunctions issued by district...

    But the broader decision on the scope of judicial rulings will remove a big roadblock to Trump's often highly controversial orders and reaffirm the White House's power.

    rump's birthright citizenship order has been deemed unconstitutional by courts in Maryland, Massachusetts and Washington state, leading him to make an emergency appeal to the SC.

  • UAE top court upholds life terms for 24 convicted in mass trial

    Dubai, United Arab Emirates -- The UAE supreme court has jailed 24 people for life after upholding their convictions for...

    The 24 were originally convicted in a mass trial of 84 people in July last year, most of whom had been behind bars since a similar mass trial of 94 people in 2013.

    "Following yesterday's ruling... the total number of convicted individuals in this case has risen to 83 out of 84 referred to trial," WAM said.

  • Spain PM Sanchez says Gaza in ‘catastrophic situation of genocide’

    Spanish Prime Minister Pedro Sanchez on Thursday said Gaza was in a "catastrophic situation of genocide" and urged the European...

    The comments represent the strongest condemnation to date by the Socialist leader, an outspoken critic of the Israeli offensive in Gaza sparked by Hamas's 2023 attack on Israel

    Sanchez mentioned a recent human rights review by the bloc's diplomatic service which, he said, addressed "the catastrophic situation of genocide unfolding in Gaza".

  • WHO delivers its first medical aid to Gaza since March 2

    The shipment of supplies, plasma and blood will be distributed among hospitals in the Palestinian territory in the coming days,...

    Israel imposed a total blockade on the Gaza Strip on March 2. More than two months later, it began allowing some food in, but no other aid items until now.

    Last week the WHO said only 17 of Gaza's 36 hospitals were minimally to partially functional, with the rest unable to function at all.