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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.
  • COP28 chair Sultan Al Jaber urges energy firms to cut emissions

    Al-Jaber, head of the UAE national oil company ADNOC, told ministers from countries of the OPEC oil producers' grouping the...

    Jaber said the entire industry "should be aligned" to help the world meet the target of net-zero greenhouse gas emissions by 2050.

    This includes not only international oil companies but also national state-controlled ones, Jaber told an OPEC seminar in Vienna.

  • World saw hottest June on record, Tuesday hottest day ever

    Petteri Taalas, secretary-general of the UN's World Meteorological Organization, warned on Monday that El Nino "will greatly increase the likelihood...

    "The month was the warmest June globally at just over 0.5 degrees Celsius above the 1991-2020 average, said EU monitor Copernicus.

    The tumbling records reflect the impact of global warming driven by greenhouse gases released from human activity.

  • Iraq join Egmont Group of financial intelligence units

    BAGHDAD, IRAQ -   Iraq joined the Egmont Group of Financial Intelligence Units, the Supreme Judicial Council announced."The efforts made by...

    The membership, "concerns the exchange of information between the financial investigation units for combating money laundering and financing terrorism."

    Egmont Group provides support to member states by enhancing secure communication between financial investigation units

  • Operator of Titanic sub that imploded suspends all expeditions

    The Titan sub was reported missing on June 18 and the US Coast Guard said on June 22 that the...

    US-based OceanGate said on its website that it had "suspended all exploration and commercial operations" after the tragedy, in which company CEO Stockton Rush was among the dead.

    Also on board were British explorer Hamish Harding, French submarine expert Paul-Henri Nargeolet, and Pakistani-British tycoon Shahzada Dawood and his son Suleman.

  • France unrest: Macron’s waning popularity could enable far-right surge

    France could very well walk into the embrace of far-right politics, if Macron doesn’t hew his governance closer to what...

    France could very well walk into the embrace of far-right politics, if Macron doesn’t hew his governance closer to what French people had bargained for

    Le Pen's party is already in line to take over from Macron in 2027. if the latter fails his promise in his second term also

  • Turkish Foreign Minister, Blinken discuss NATO expansion, Black Sea grain initiative

    Ankara,Turkey - Turkish Minister of Foreign Affairs Hakan Fidan discussed, in a phone call on Wednesday with US Secretary of...

    Earlier last month, NATO chief Jens Stoltenberg called on Ankara to drop its opposition to Sweden's bid to join NATO, saying Stockholm has addressed Turkey's security concerns

    As for Black Sea grain deal, Russia has restated a demand for its state agricultural bank to be reconnected to the global SWIFT payments system to avert the collapse of the deal

  • Families of Israelis missing in Gaza seek UN, Red Cross help

    Israeli soldiers Oron Shaul and Hadar Goldin were killed during Israel's 2014 invasion of the Gaza Strip, and their remains...

    The Israeli authorities say both the missing citizens are mentally unstable, and both are presumed alive

    Various attempts to release them in exchange for Palestinian prisoners have failed in recent years

  • MSF suspends ‘vital’ medical aid from Iraq’s Mosul

    Mosul, Iraq -- Medical charity Doctors Without Borders announced Wednesday the suspension of "vital" medical activities in two hospitals in the...

    Doctors Without Borders blamed Iraq's bureaucracy of delaying the delivery of supplies to two health facilities.

    The group's activities are crucial for the major city in northern Iraq, where the healthcare sector is struggling to recover from years of war and neglect.

  • All voices must be heard in transition, sustainability debates: OPEC

    Secretary-General of OPEC Haitham Al Ghais, speaking at the 8th OPEC International Seminar in Vienna, reiterated the organization's keenness to...

    Ghaith said the concept of sustainability relates to how we fulfil the needs of current generations without compromising the needs of future generations.

    He asserted the importance of oil in the global energy mix and the industry's primary role in reducing carbon emissions.

  • Israeli army calls off operation that killed 12 Palestinians in Jenin

    The raid, Israel's biggest military operation in years in the West Bank, employed hundreds of troops as well as drone...

    The Israeli military launched the raid on the Jenin refugee camp early on Monday under the orders of Prime Minister Benjamin Netanyahu's hard-right government

    Israeli military said its forces had dismantled six explosives manufacturing facilities and three operational situation rooms in Jenin, and confiscated large quantities of weapons