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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.
  • Saudi Crown Prince and Iran foreign minister discuss bilateral relations

    Iran's foreign minister met Saudi Arabia's Crown Prince Mohammed bin Salman during his first visit since the Middle East rivals...

    The Iranian foreign minister called the 90-minute meeting a "direct, frank, and productive conversation".

    The Iranian minister said the success of the region is possible by strengthening dialogue and cooperation.

  • EU well-prepared for winter as gas reserves hit 90% ahead of target

    The speedy filling of storage facilities means the bloc is "in a much more stable position than it was this...

    The crisis sparked by Russia's war led to the European Union adopting a law requiring the 90-percent gas storage by November 1 each year.

    Before Moscow launched its invasion in February 2022, Russia accounted for nearly half of the EU's natural gas imports.

  • Iran first Islamic country to have modern observatory, says official  

    TEHRAN, IRAN – Iran is the first Islamic country to possess a very modern observatory, the head of the Institute...

    The head of the Institute for Research in Fundamental Sciences said that Iran lacked the resources to build an observatory.

    He added that an observatory is like a living entity, and continuous work and progress are necessary for proper functioning.

  • China’s investment rises 23% in BRI countries in Jan-July 2023

    BEIJING, CHINA - Between January and July 2023, Chinese enterprises made non-financial direct investments totaling US$13.69 billion (RMB95.34 billion) in...

    This growth amounts to approximately US$13.69 billion, constituting nearly 20 percent of the overall investment in January-July 2023.

    The value of newly signed contracts amounted to US$103 billion, indicating a marginal 0.6 percent year-on-year increase.

  • Turkish officials discuss scenarios around stalled Russia grain deal

    Turkey’s top diplomat Hakan Fidan is planning to discuss the results of these discussions with Russian Foreign Minister Sergey Lavrov...

    Under another scenario, unilateral actions will be taken to set up alternative routes based on bilateral agreements, particularly for Ukrainian agricultural supplies via the Danube

    The third, an only 'viable option', envisages a revival of the grain deal "as soon as certain Russian concerns are removed".

  • Turkey ‘warned’ Russia after Black Sea ship attack: Ankara

    The Sukru Okan vessel was flying the flag of Palau when it was fired on by the Russian navy last...

    Turkey's president Recep Tayyip Erdogan's office came under criticism at home for saying nothing about the Russian attack

    Erdogan's office pushed back against its critics on Thursday, arguing that it was technically up to Palau to respond to the incident

  • Putin discusses possibility of Iran joining BRICS in call with Raisi

    Moscow, Russia - Russian President Vladimir Putin discussed Thursday, in a phone call with his Iranian counterpart Ebrahim Raisi, the...

    South Africa is scheduled to host a summit of the BRICS countries on August 23 and 24, which is expected to be attended by heads of all BRICS member states

    The two leaders also discussed ways to enhance bilateral relations between the two countries in all fields, especially in trade, transportation and logistics

  • Stocks dragged further by US rate worry, China gloom

    Expectations of another Fed hike have pushed 10-year Treasury yields -- a gauge of future rates -- close to their...

    All three main indexes on Wall Street sank for a third straight session on Thursday, while London, Paris and Frankfurt also suffered heavy losses

    Asian markets were well in the red, including Hong Kong, which was down for a sixth consecutive trading day, while European investors were also on the back foot

  • Parched Egypt struggles to contain water loss

    In a country already suffering from severe water scarcity, official figures show that more than a quarter of clean water...

    Nationwide, official figures show 26.5 percent of Egypt's clean water in the 2021-22 fiscal year was lost - a conservative estimate, according to experts

    The Suez Canal governorates of Port Said, Suez and Ismailia have the highest rates of water loss in the country, with over two thirds of clean water going down the drain

  • US concerned on hunger strike over Bahrain jail conditions

    With support from a military force from neighboring Saudi Arabia, Bahrain crushed the 2011 protests which had demanded a constitutional...

    Prisoners at the Jau prison, which holds dissidents detained when authorities crushed Shiite-led protests in 2011, have been subjected to 23-hour cell confinement

    Bahrain, whose Sunni monarchy has tense relations with Shiite cleric-led Iran, is home to the US Navy's Fifth Fleet, which is at the forefront of the Gulf standoff with Tehran