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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.
  • 41 migrants missing after new Mediterranean shipwreck

    The metal boat overturned in bad weather during the night of Thursday to Friday after setting off from the Tunisian...

    A Frontex plane on Tuesday morning spotted "a metal boat with four people on board" in waters covered by Libyan search and rescue, the agency said

    IOM press officer said the migrants' boat would have been ill-equipped for the kind of bad weather seen in the Central Mediterranean in the past week

  • Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise

    Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality...

    Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare

    Experts stress the urgent need for regulation and careful consideration of the risks and benefits associated with PMCs in an increasingly complex and conflict-prone world

  • Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise

    Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality...

    Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare

    Experts stress the urgent need for regulation and careful consideration of the risks and benefits associated with PMCs in an increasingly complex and conflict-prone world

  • Lebanon to ban Barbie film for allegedly promoting homosexuality

    BEIRUT, LEBANON - Lebanon's culture minister said on Wednesday he had asked authorities to ban hit movie "Barbie" for purportedly "promoting...

    The film, which has topped $1 billion in global revenues, was due to be screened in Lebanese cinemas from August 31.

    Though it was widely anticipated by LGBTQ communities worldwide, the film does not contain any overt references to same-sex relationships.

  • Russia blames Poland, Finland for ‘threats’ on western border

    Moscow, Russia - Moscow accused Poland and Finland of threatening its security on Wednesday and vowed a response to multiplying "threats"...

    Threats to security of Russia have multiplied in west and northwest, Russian defense minister said.

    He singled out Poland, which he said was being "militarized" and used by the United States "as the main instrument of anti-Russian politics".

  • BRICS will benefit greatly with UAE, Saudi Arabia as members: Expert

    Dubai, UAE --  Granting the United Arab Emirates the status of a member of BRICS group (Brazil, Russia, India, China,...

    Mohamed Badine El Yattioui, an IR expert at the American University in UAE, said strong economies make UAE, Saudi Arabia ideal BRICS candidates.

    He said their entry into the grouping will push the western countries towards accepting a new world order.

  • Oman fostering international cooperation with Iran’s participation: Minister

    Tehran, Iran -- Oman has said it has been making efforts to facilitate regional and international cooperation by with the...

    Omani Foreign Minister Sayyid Badr Albusaidi referred to the recent talks between Iranian President Ebrahim Raisi and the Omani Sultan Haitham bin Tarik.

    Iran had said that it had been engaged in indirect negotiations with the United States through Oman, with nuclear issues, US sanctions and detainees on the agenda.

  • ADFD finances $105.4m energy security project in Tanzania

    ABU DHABI, UAE -  The Abu Dhabi Fund for Development (ADFD) has signed a loan agreement with the Government of...

    The project’s objective is to fully connect the Kagera administrative region with the national electricity grid.

    It will reduce dependency on energy imports from Uganda and provide sustainable electricity source.

  • Saudi embassy in Iran resumes work after seven years

    Iran and Saudi Arabia agreed to resume diplomatic relations and reopen their respective embassies following a China-brokered deal announced in...

    Iranian media had previously attributed the delay in reopening the Saudi embassy to the poor condition of the building which was damaged during the 2016 protests.

    The reports said Saudi diplomats would work from a luxury hotel in the Iranian capital pending the completion of the works.

  • UK strikes deal with Turkey to tackle illegal migration

    London announced the plan late Tuesday as part of its attempts to reduce illegal migration to the UK, a key...

    The United Kingdom will deploy more officers in Turkey to disrupt the criminal gangs who run the illegal migration routes

    The new plan will feature heavily at the upcoming UK-Turkey Migration Dialogue meeting, due to take place in London later this year