Search Site

Trends banner

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.
  • Israeli settler violence wreaks havoc on Palestinian economic growth and internal trade

    Clothing stores, restaurants, tourism establishments and hotels are experiencing a sixty percent drop in business due to intensified violence, an...

    “The biggest impact is on internal trade,” says Rabeh Morrar, research director of MAS, the Palestine Economic Policy Research Institute in Ramallah

    The surge of settler attacks increases the challenges of an already weak and vulnerable economy that is already hit by Israeli strictures on movement

  • RAKEZ inks MoU with ICFA to foster trade in food, agriculture

    RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Chamber of Food and Agriculture (ICFA)...

    This alliance seeks to create opportunities for knowledge exchange, trade promotion, investment, and research and development collaboration.

    The agreement is set to facilitate promotional activities for trade, market access, and business matchmaking opportunities between UAE and India.

  • Kuwait calls for border talks with Iran over gas field

    KUWAIT CITY, KUWAIT -  Kuwait reinvited Iran on Monday to talks on their sea borders after Tehran said it was ready...

    Iran and Kuwait have held unsuccessful talks for many years over their disputed maritime border area, which is rich in natural gas.

    Saudi Arabia is also a part of the dispute since it shares with Kuwait maritime gas and oil resources in the area.

  • Climate change spells ‘truly terrifying’ future of hunger, suffering: UN

    On current policy trends, the planet will be 2.8C warmer by the end of the century, according to the UN's...

    UN human rights chief Volker Turk told a debate on the right to food that extreme weather events were wiping out crops, herds and ecosystems.

    "Our environment is burning. It's melting. It's flooding. It's depleting. It's drying. It's dying," he said, evoking a "dystopian future".

  • PIF, ADQ show highest improvement in GSWF sustainability rankings

    PIF ranked seventh with a score of 92 (on the GSR score of 100), followed by Mubadala (88), among the...

    Global SWF said it observed a very significant increase in the overall score across funds from 59 percent in 2022 to 63 percent this year.

    PIF, Abu Dhabi’s Mubadala and ADQ, Qatar’s QIA, and Bahrain’s Mumtalakat have embraced the rating tool and taken the opportunity to improve practices.

  • Saudi Arabia summons Swedish ambassador over Quran burning

    The kingdom had already condemned Wednesday's incident in which an Iraqi citizen living in Sweden stomped on the Muslim holy...

    Momika's Quran burning triggered widespread anger among masses and strong reactions from Arab countries

    The Organization of Islamic Cooperation has called for collective measures to avoid such incidents in future

  • PwC culls a raft of senior execs after Australian tax scandal

    PwC Australia has been mired in controversy since January this year, when it emerged that staff had leaked information from...

    Accounting giant PwC named eight partners who had "enabled poor behaviours to persist with no accountability" -- including former Australian chief executive Tom Seymour

    Australian police have been investigating the leak since late May, while the parliament's powerful finance committee is gearing up to grill executives at a series of public hearing

  • Yellen to visit China, raising need to ‘responsibly manage’ ties

    In Beijing, Yellen will discuss how the United States views its economic relationship with China, a senior Treasury official said...

    Yellen is expected to discuss with her counterparts the importance for both countries to responsibly manage our relationship, communicate directly about areas of concern

    Yellen's planned July 6-9 trip comes just weeks after Secretary of State Antony Blinken met China's top leader President Xi Jinping and Foreign Minister Qin Gang in Beijing

  • British lawmakers call for ‘fresh approaches” to seek Egyptian dissident’s release

    London, United Kingdom--Over 100 British lawmakers on Monday expressed concern at the lack of progress in the case of a jailed...

    Alaa Abdel Fattah, the rights campaigner, is serving a five-year prison sentence for "spreading false news" by sharing a Facebook post about police brutality

    The lawmakers call for fresh "approaches" as in their opinion private lobbying of the Egyptian government even at the higest levels is yet to deliver results

  • Israeli army kills one Palestinian in West Bank: Palestinian health ministry

    The city of Jenin and its adjacent refugee camp are a regular site of confrontations between Israeli forces and Palestinian...

    Israeli army said its forces had struck a joint operations center, which it claimed served as a command post for the "Jenin Brigade", a local militant group

    The army said the early Monday operation had targeted an "observation and reconnaissance" site, as well as a weapons storage facility