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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.
  • Israel air strikes in Syria kill 3 pro-regime fighters: monitor

    The Britain-based Syrian Observatory for Human Rights said the strikes also targeted positions of the Syrian army's elite Fourth Division...

    Syrian state news agency SANA earlier reported two soldiers had been wounded in the overnight strikes

    The war monitor said the targets included warehouses used by Lebanon's Iran-backed Hezbollah militant group

  • Turkish President Erdogan concludes economy-driven Gulf tour in UAE

    The Comprehensive Economic Partnership Agreement (CEPA), signed in March, has further enhanced bilateral economic collaboration. The CEPA sets the stage...

    The UAE and Turkey have signed numerous strategic agreements and MoUs to boost bilateral cooperation across various sectors

    In 2022, non-oil trade between the UAE and Turkey reached nearly US$19 billion, reflecting a substantial increase from previous years

  • One dead, hundreds of migrants rescued off Morocco: media

    The Spanish islands have long been a draw for migrants seeking a better life in Europe, with many boats setting...

    Morocco in northwest Africa is a transit country for many migrants trying to get to Europe via Spain's mainland or its Canary Islands in the Atlantic

    Morocco's news agency citing a military source, said the kingdom's navy rescued 845 migrants, mostly from sub-Saharan Africa, between July 10 and Monday

  • Erdogan’s visit: Qatar and Turkey seek to deepen strategic partnership

    Qatar’s emir Sheikh Tamim bin Hamad Al-Thani praised Turkey's efforts to improve the country's financial situation and reduce inflation rates...

    Erdogan and Sheikh Tamim also discussed important regional and international developments and witnessed the signing of a joint statement

    Erdogan recognized Qatar's inherent economic potential and its balanced growth rates, saying it was one of the most robust economies in the region

  • Leaks, repairs, stress: how skeleton crew stopped Red Sea oil disaster

    The sinking of the vessel, or an on-board explosion, would have unleashed a thin slick of oil across the Red...

    "Any oil ship needs regular maintenance... to keep the ship safe," said Ebrahim al-Moshki, head of Hodeida's maritime affairs authority

    The UN has said half a million people work in the area's fishing industry, and that 200,000 livelihoods "would be instantly wiped out"

  • Chinese president vows solid ties with Algeria, eyes energy supply

    China's President Xi Jinping has pledged stronger ties with Algeria, highlighting the importance of their comprehensive strategic partnership. Algeria, Africa's...

    President Xi Jinping emphasized the readiness of China to work with Algeria in strengthening strategic communications and deepening exchanges and cooperation

    Algerian President Tebboune is on a five-day official visit to China, his inaugural trip to China since being elected as the premier of Algeria

  • Saudi Arabia’s exports to Turkey hit $13.93 billion in three years

    Riyadh, Saudi Arabia -- Saudi Arabia’s exports to Turkey during the past three years amounted to SAR 52.280 billion ($13.93 billion),...

    Saudi exports largely comprised plastics, metal products, organic chemical products, steel, precious metals and stones.

    A total of 1,140 companies Saudi companies have invested in several sectors in Turkey, with investments surpassing $18 billion.

  • Dubai issues law to regulate urban planning for sustainable development

    Dubai, UAE -- Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has issued a law (No. 16 of 2023) to...

    The law seeks to create an integrated and effective urban planning system that promotes investment, sustainable development, prosperity, and an improved quality of life.

    To oversee the implementation of this law, a 'Supreme Committee for Urban Planning' will be formed, comprising representatives from authorities responsible for urban planning.

  • Energy security and supplies dominate Qatar Emir-Japan PM talks

    Kishida and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani discussed "developments related to energy security and supplies," the Qatari leader said...

    The Doha visit comes as Japanese companies are negotiating new long-term LNG supply contracts with Qatar, according to Bloomberg.

    Japan's LNG importers have not signed a contract with Qatar since 2014, and that Qatari LNG deliveries to Tokyo dropped by more than 60 percent last year.

  • Israelis stage ‘day of resistance’ against judicial overhaul

    Demonstrators holding Israeli flags and chanting "democracy, democracy" also entered the stock exchange building in Tel Aviv and staged a...

    Weekly rallies across Israel have drawn tens of thousands of protesters aiming to prevent what they believe could open the way to more authoritarian government

    Crowds gathered in the coastal city of Tel Aviv, Israel's commercial hub, early on Tuesday after organisers had called for a "national day of resistance" ahead of a planned vote