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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.
  • UAE-Hungary Political Consultations Committee discusses boosting cooperation

    Budapest, Hungary--Senior officials from the UAE and Hungary met in Budapest on 22nd August for the inaugural round of the...

    Officials from the two countries reviewed the expanding relations and discussed ways to boost opportunities in order to ramp up economic and trade ties

    The UAE ambassador had a series of meetings with senior officials, intellectuals, and cultural figures intended to deepen relations between the two countries

  • Witness sur

    AI risks repeating social media mistakes, says Microsoft president

    NEW DELHI, INDIA - Breakneck development of artificial intelligence risked repeating mistakes made by the tech industry at the start of...

    AI tools have shown in recent months the ability to generate essays, create realistic images, mimic voices of famous singers and even pass medical exams

    But there are also worries that chatbots could flood the internet with disinformation, that biased algorithms will churn out racist material

  • All eyes on tech firms as strict EU digital rules come into effect

    The landmark Digital Services Act (DSA) compels tech companies to better police content to protect European users against disinformation and...

    The first phase of the regulation affects 19 "very large" digital platforms including social media networks, websites and online retailers with at least 45m monthly active users.

    They are: Alibaba AliExpress, Amazon Store, Apple AppStore, Booking.com, Meta-owned Facebook and Instagram, Google's Maps, Play, and Shopping, LinkedIn, Pinterest.

  • Kremlin denies rumors it had hand in Wagner chief’s death

    The Kremlin dismissed rumors it orchestrated the death of Wagner chief Yevgeny Prigozhin, presumed dead in a plane crash two...

    Russian officials have opened an investigation into air traffic violations but have so far not disclosed details of the probe or the incident.

    President Vladimir Putin broke his silence on the crash on Thursday, offering condolences to the families of the 10 people onboard.

  • Denmark to ban Quran burnings, national security ‘main motivation’

    Denmark stepped up security earlier this month following the backlash, as did neighboring Sweden which has also seen a spate...

    Hummelgaard said Quran burnings were a "fundamentally contemptuous and unsympathetic act" that "harm Denmark and its interests".

    The proposed Danish legislation would also apply to desecrations of the Bible, the Torah or, for example, a crucifix.

  • Algerian, South African ministers discuss ways to boost economic cooperation

    JOHANNESBURG, SOUTH AFRICA - Algerian Minister of Finance Laaziz Faid discussed with South African Finance Minister Enoch Godongwan, ways to...

    The two ministers discussed the available opportunities to enhance trade exchange between Algeria and South Africa.

    The aim of trade exchange and joint investment is achieving sustainable development in the region.

  • Sudan war ‘threatens to consume the entire country’: UN

    The conflict between the army under General Abdel Fattah al-Burhan and the paramilitary Rapid Support Forces (RSF) commanded by Mohamed...

    In the four months since fighting broke out, more than 4.6 million people in Sudan have been forced to flee their homes, according to the United Nations figures

    UN official said that in Kadugli, in South Kordofan state, "food stocks have been fully depleted, as clashes and road blockages prevent aid workers from reaching the hungry."

  • Trump arrested in election case, mug shot released

    Trump was given the inmate number "PO1135809" by the Fulton County Jail, which listed his height as six foot three...

    In the photograph released by the sheriff's office, he scowled at the camera while dressed in a dark blue suit, white shirt and red tie

    Speaking to reporters after his arrest, Trump, the frontrunner for the 2024 Republican presidential nomination, said it was a "very sad day for America."

  • At meeting in Canada, global fund launched to protect nature

    The fund's capitalization follows a global "peace pact" signed by more than 190 nations at the Montreal COP 15 summit...

    Canada and Britain announced they would provide a combined $160 million in seed money to get the Global Biodiversity Framework Fund off the ground

    The Global Environment Facility (GEF)'s assembly brought together 1,500 people from around the world including environmental activists and government officials

  • Iran’s BRICS membership to strengthen group, says XI

    TEHRAN/ JOHANNESBURG, IRAN/ SOUTH AFRICA - The Iranian and Chinese presidents stressed the need to bolster bilateral cooperation and the...

    The BRICS heads of state held their 15th annual summit in Johannesburg.

    The heads of state called for the use of local currencies to facilitate trade.