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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.
  • Ukraine grain deal failed to achieve objective, says Putin

    Russian President Vladimir Putin said the main objective of the deal that allowed Ukrainian grain exports to resume was not...

    A memorandum on unhindered Russian food and fertilizer exports had been signed in parallel to the grain deal.

    "The main goal of the deal, namely the supply of grain to countries in need, including on the African continent, has not been implemented," Putin said.

  • UAE-India trade rose to US$384bn in 2013-22

    ABU DHABI, UAE - The significant growth in the volume of non-oil trade between the UAE and India signifies the...

    CEPA will help deliver the target of reaching US$100 billion in non-oil trade annually over the next five years.

    During 2020-2022, non-oil trade between the UAE and India has grown from US$27.9 billion to US$51.4 billion last year.

  • With Putin arriving in Aug, Erdogan confident of Ukraine grain deal extension

    The Black Sea grain deal was first signed in July 2022, five months after the Russian invasion of Ukraine, and...

    Erdogan said he had spoken with Russian President Vladimir Putin about the crucial deal, set to expire on Monday, though he did not say when the conversation had taken place

    Earlier Friday, speaking in Jakarta, US Secretary of State Antony Blinken called on Russia to extend the deal, warning that the most vulnerable countries would suffer without it

  • Tunisia rights groups urge aid, shelter for stranded migrants

    Hundreds of migrants fled or were forced out of Tunisia's second-largest city after racial tensions flared following the July 3...

    Around 100 protesters demonstrated Friday evening in Tunis at the call of an anti-fascist coalition, expressing their "solidarity with undocumented migrants"

    HRW has said the migrants had been left to fend for themselves without water or shelter in the border regions, where temperatures surpass 40 degrees Celsius

  • Indian PM Modi arrives in UAE after his France visit

    Dubai, UAE - India’s Prime Minister Narendra Modi arrived in Abu Dhabi today for the final leg of his two-nation...

    Indian PM is scheduled to meet with UAE President Sheikh Mohamed bin Zayed Al Nahyan and conduct a comprehensive review of the progress in bilateral relations

    The visit comes after his two-day visit to Paris, where Modi participated in the Bastille Day parade as the Guest of Honour alongside French President Emmanuel Macron

  • Damascus conditions for cross-border aid ‘unacceptable’: UN

    A letter this week from Syrian authorities allowing use of the border crossing between Turkey and Syria "contains two unacceptable...

    OCHA said it was concerned that the Syrian government had "stressed that the United Nations should not communicate with entities designated as 'terrorist'

    The second condition it bridled at was that ICRC and Syrian Arab Red Crescent should "supervise and facilitate the distribution of humanitarian aid" in northwest Syria

  • India launches an unmanned spacecraft to land on Moon

    India launched a rocket carrying an unmanned spacecraft to land on the Moon, its second attempt to do so as...

    "Chandrayaan-3... has begun its journey to the Moon. Health of the spacecraft is normal," the Indian Space Research Organization said on Twitter.

    The world's most populous nation has a comparatively low-budget aerospace program that is rapidly closing in on the milestones set by global space powers.

  • UN says over 165m people fell into poverty in 3 years of crisis

    UNITED NATIONS - The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into...

    The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the UN said.

    Because of these shocks, the United Nations has called for a pause in debt repayments for developing countries.

  • Sudan summit pleads for peace as UN reports mass grave in Darfur

    Amid reports of a mass grave having been found in the country's Darfur region, the African leaders summit exhorted an...

    The war between rival generals in Sudan has left nearly 3,000 people dead and millions homeless

    Many of Sudan's neighbors fear a spillover of the conflict into their countries, escalating the crisis

  • Egypt, Ethiopia to finalize deal on Nile dam in four months

    The two countries resolved to finalize a deal over Ethiopia's big dam on the Blue Nile in four months, a...

    The two leaders, according to a joint statement, "discussed ways of overcoming the current stalemate in negotiations"

    Egypt sees the dam as an existential threat as it depends on the Nile for 97 percent of its water requirements