Search Site

Trends banner

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.
  • Egypt, Ethiopia restart talks over dam construction

    Cairo, Egypt - Egypt announced on Sunday that negotiations had resumed over Ethiopia's controversial mega-dam, after agreeing last month to reach...

    The massive $4.2-billion Grand Ethiopian Renaissance Dam (GERD) has been at the center of a regional dispute ever since Ethiopia broke ground on the project in 2011

    For years at loggerheads over the issue, Egyptian President al-Sisi and Ethiopian Prime Minister Abiy Ahmed had agreed in July to finalize a deal within four months

  • Iran says European countries willing to buy our drones

    TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the...

    A spokesperson for the Iranian Defense Ministry said Tehran is prepared to export military drones after fulfilling its domestic needs,

    Political and security considerations will be taken into consideration before finalizing such deals, the spokesperson added.

  • Tehran exports goods worth $7.2bn to West Asia in 4 months from March 2023

    TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of...

    Comprehensive strategic five-year plans have been defined for the West Asian countries with a focus on trade infrastructure.

    The plans include organizing and development of transportation platforms, banking exchanges, customs and standards.

  • The fight over a ‘dangerous’ ideology shaping AI debate

    Paris, France - Silicon Valley's favorite philosophy, longtermism, has helped to frame the debate on artificial intelligence around the idea of...

    Silicon Valley's favorite philosophy, longtermism, has helped to frame the debate on artificial intelligence around the idea of human extinction.

    But increasingly vocal critics are warning that the philosophy is dangerous, and the obsession with extinction distracts from real problems associated with AI like data theft.

  • Years of coal plant expansion torment Turkey’s villagers

    Villagers and environmental activists have been locked in clashes with the police in the southwestern Mugla province since their plant...

    An AFP tour of five Turkish coal-fired power plant villages witnessed the high human cost of relying on the outdated, highly polluting energy source.

    Turkey was the last among the G20 economies to ratify the Paris Climate Accords, doing so only after the environment became a top issue in the wake of deadly wildfires.

  • BRICS to coordinate approaches with new members within UN, G20: Lavrov

    The BRICS summit, which held in Johannesburg from Aug 22-24 agreed to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and...

    Lavrov said BRICS leaders deal with real issues while Western politicians and reporters "tend to mostly wag their tongues".

    The expanded BRICS’ positions in the Group of Twenty will strengthen because both Saudi Arabia and Argentina are its members, he said.

  • Iran readies to finalize document on wider cooperation with Oman

    Tehran, Iran -- Iran has expressed its readiness to finalize the provisions of a strategic document on comprehensive cooperation with...

    Iran's foreign minister Amir Abdollahian also appreciated the efforts by the Sultan of Oman and talked about Iran’s stances on the trend of talks aimed at lifting the sanctions.

    Abdollahian appreciated Qatar for its role in the release of Iranian assets blocked in foreign countries.

  • Sheikha Fatima launches national plan for empowerment of Emirati women

    ABU DHABI, UAE – Chairwoman of the General Women's Union (GWU) Sheikha Fatima bint Mubarak launched the National Strategy for...

    This strategy comes in line with Sheikha Fatima’s vision to achieve fair and comprehensive women's participation in all fields.

    The plan provides a general framework and guidance for decision makers in federal, local government institutions, private sector and civil society.

  • Key Johnson ally resigns with scathing attack on British PM

    Former culture minister Nadine Dorries announced her intention to resign 11 weeks ago but had remained as member of parliament...

    In her resignation letter, Dorries accused PM Rishi Sunak of abandoning the fundamental principles of Conservatism and said "history will not judge you kindly"

    Former culture minister Nadine Dorries was unexpectedly not awarded a seat in the upper chamber of parliament, the House of Lords, in Johnson's resignation honors list

  • 3 US Marines dead after aircraft crashes during drills in Australia

    Rescue efforts were complicated by the location of the crash -- the remote and sparsely populated Melville Island about 60...

    Five Marines had been rescued from the crash site and flown to a hospital in Darwin in a "serious condition", the United States officials said

    PM Anthony Albanese described the incident as "tragic" and "regrettable" but stressed that authorities were still trying to piece together what happened