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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.
  • Both sides in Sudan must be made accountable, says UN official

    BRUSSELS, BELGIUM -  Sudan's warring sides must face "accountability" for the "crimes" committed in their conflict, which risks spiraling into a...

    The fighting, which began in mid-April, risks morphing into a tribalized and ideologized conflict, head of UN mission in Sudan said.

    Around 3,000 people have been killed, and the UN has warned of possible crimes against humanity in the western region of Darfur.

  • UAE first Arab country to get observer status at money laundering group

    Vancouver, Canada -  The United Arab Emirates has become the first Aarb country to be granted observer status at the...

    A part of the global network of similar Financial Action Task Force-style Regional Bodies (FSRBs), the APG is the largest in terms of membership numbers and geographical size

    The APG plenary is also attended by key international organisations such as the International Monetary Fund, World Bank, OECD, United Nations Office on Drugs and Crime, etc

  • Abbas to make landmark Jenin visit after deadly Israeli raid

    Twelve Palestinians and one Israeli soldier were killed in the two-day raid on Jenin and its adjacent refugee camp, a...

    Soon after the raid, several top officials of Abbas's Fatah party, including deputy chairman Mahmoud Aloul, had visited the camp only to be heckled by crowds of angry residents

    On Wednesday, Abbas was expected to visit the city as well as the camp to review "progress of work in the reconstruction of the camp and the city", his office said in a statement

  • Iran president Ebrahim Raisi holds talks with Kenya’s president

    Iranian foreign ministry spokesman Nasser Kanani has described the three-day trip as "a new turning point" which could bolster economic...

    The visit comes as the Islamic republic tries to shore up diplomatic support to ease its international isolation, with Raisi also due to travel to Uganda and Zimbabwe

    In addition to meeting Williams Ruto, Raisi will hold talks with his Ugandan counterpart Yoweri Museveni and Zimbabwean President Emmerson Mnangagwa

  • Israel’s thorny judicial overhaul: What are the proposed changes?

    Opponents have accused Netanyahu, who is on trial on corruption charge he denies, of trying to use the reforms to...

    Parliament voted overnight Monday-Tuesday on the so-called "reasonability" clause, which will be put through second and third readings at a later stage.

    Netanyahu's coalition also wants to change the system through which judges are appointed, giving the government a de facto majority in the nomination process.

  • United Nations fails to agree on extending vital Syria aid lifeline

    Russia vetoed a nine-month extension of the agreement allowing for the conduit during a vote at the UN headquarters in...

    Many council members including the US, the UK and France have called for a full-year extension, but they backed a nine-month compromise proposed by Switzerland and Brazil.

    The proposal was vetoed by Russia, however, whose six-month offer only secured China's support. US Ambassador Linda Thomas-Greenfield called the veto "an act of utter cruelty".

  • Cash-strapped Pakistan gets $2 billion deposit from Saudi Arabia

    The economy has been stricken by a balance-of-payments crisis as it attempts to service crippling external debt, while months of...

    It brings state foreign reserves to a total of $6.5 billion, an almost 50 percent increase compared to last week's account balance.

    Years of financial mismanagement have pushed Pakistan's economy to the limit, exacerbated by the Covid pandemic, a global energy crisis and record floods.

  • NATO to discuss Ukraine bid to join at summit

    German Patriot missile systems and French fighter jets were guarding the skies as NATO leaders gathered in Lithuania, on NATO's...

    Volodymyr Zelensky is expected to head to Vilnius for the two-day summit to make the case that Kyiv has earned the right to join when the Kremlin's invasion ends

    The alliance will draw up a path of reforms that Ukraine will need to undertake in order to eventually join, but without giving a "timetable", White House official said

  • Libya court sentences 37 traffickers to prison over migrant deaths

    A statement from the prosecution said that the appeals court pronounced the verdict against a "criminal gang" whose members organized...

    According to the prosecutor's office, five of the guilty were sentenced to life in jail and nine other to 15 years

    A United Nations report in March said that some migrants had been subjected to sexual slavery

  • Migrants stranded on Tunisia-Libya border moved: NGO

    Racial tensions flared into violence against migrants from sub-Saharan African countries in Tunisia's port city of Sfax last week, with...

    Refugees International said foreign nations should “suspend security assistance to Tunisia until further expulsions cease and the abuses are investigated"

    Tunisia has seen a rise in racially motivated attacks after President Kais Saied in February accused "hordes" of undocumented migrants of bringing violence