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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.
  • Global debt dominates as G20 finance chiefs meet in India

    Indian Finance Minister Nirmala Sitharaman, chair and host of the summit in Gandhinagar, began by telling finance leaders of "the...

    Key on the two-day agenda will be "facilitating consensus to intractable issues associated with rising indebtedness", Sitharaman said

    A top official from G20 chair India said there had been a "not so encouraging response" from Beijing on shared debt understanding

  • Libya border guards rescue migrants in desert near Tunisia

    Many journalists at the Libyan-Tunisian border saw migrants who were visibly exhausted and dehydrated, sitting or lying on the sand...

    Hundreds of migrants from sub-Saharan African countries were forcibly taken to desert and hostile areas bordering Libya and Algeria after racial unrest in early July in Sfax

    Hundreds of migrants fled or were forced out of Sfax after racial tensions flared following the July 3 killing of a Tunisian man in an altercation between locals and migrants

  • War-scarred Sudan refugees face soaring rent prices in Cairo

    As Egypt said more than 250,000 people crossed in from Sudan -- fleeing ceaseless air strikes, street battles, rampant looting...

    Purchasing power in the import-dependent economy has been slashed as families struggle to make ends meet

    New arrivals from Sudan face hardships, with realtors reporting a sharp increase in demand in Egypt's Cairo

  • Towards the next 50 years between Japan and UAE

    "In education, Japan is working to promote study exchanges and internships for Emirati students and young professionals. Japan continues to...

    Japan has contributed significantly to the development of the UAE's oil industries and infrastructure since the 1960s, writes Japanese Prime Minister Fumio Kishida

    Cooperation between Japan and the UAE spans sectors such as climate change, education, science and technology, space, and defense, the Japanese PM points out

  • Tunisia and EU sign ‘strategic’ deal on economy, migration

    The deal between the two countries will include partnership on irregular migration, economic development and renewable energy. Tunisia has been...

    European Commission President Ursula von der Leyen said Sunday's accord aims to "invest in shared prosperity"

    The International Organization for Migration has said 2,406 migrants died or disappeared in the Mediterranean in 2022

  • Israeli court orders government to release seized Palestinian boat

    GAZA CITY, PALESTINIAN TERRITORIES - Israel returned a boat to a Gaza fisherman it had seized for allegedly breaching the limits...

    Israeli authorities had called for the vessel, belonging to fisherman Mohammad al-Hissi, to be permanently confiscated.

    However, a Haifa court last month ordered that the boat be returned to Hissi even as legal proceedings continued.

  • Iraq, Syria pledge to enhance cooperation, counter terrorism

    They discussed "reinforcing cooperation between the two countries in various sectors... in addition to joint efforts to fight back against...

    Despite the conflict Iraq maintained diplomatic ties with its neighbor Syria and on Sunday Assad hosted Iraqi Prime Minister Mohamed Shia al-Sudani for talks in Damascus.

    They discussed "reinforcing cooperation between the two countries in various sectors... in addition to joint efforts to fight back against terrorism".

  • Production restarts at Libya oil fields after protests end

    Tripoli, Libya - Oil production has resumed at two major Libyan oil fields, the oil ministry said Sunday, after a brief...

    Demonstrators had been protesting against the arrest of a former minister Faraj Abderrahmane Boumtari.

    Members of his Zouaya tribe on Thursday threatened to block oil terminals in the east if he was not released. He was released Saturday.

  • Iraq detects first captagon producing lab near Saudi border: Ministry

    Baghdad, Iraq -- Iraq said Sunday it has found a site in a province bordering Saudi Arabia where captagon is produced,...

    Iraq has long been a transit country for captagon, the amphetamine-like stimulant plaguing the Middle East, but officials say it has also become a consumer market for the drug.

    The vast majority of the region's captagon, which derives its name from a once legal drug use to combat narcolepsy, is produced in Syria -- another Iraqi neighbor -- and Lebanon.

  • UNDP says over US$14bn needed to mitigate global surge in poverty

    NEW YORK, US – In the last three years, poverty rates in low-and lower-middle-income countries have surged, with the number...

    UNDP has called for adaptive social protection and a debt-poverty pause to redirect debt repayments toward critical social expenditures.

    Almost all of these financially hit people live in low - and lower-middle-income economies, with the poorest 20 percent in low-income countries