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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.
  • Extended reality: XR tech transforms GCC businesses

    XR technologies -- encompassing AR, VR, and MR -- are rapidly gaining traction across diverse sectors in the Gulf region,...

    XR technologies -- encompassing AR, VR, and MR -- are rapidly gaining traction across diverse sectors in the Gulf region, including academic, entertainment, and gaming

    The new XR technologies are also reshaping retail and remote work, blurring the lines between the virtual and physical realms, says Raed Mikail, Founder and CEO of AVR Labs

  • China supported Russia to counter Wagner mutiny, says Moscow

    MOSCOW, RUSSIA - Russia's foreign ministry said on Sunday that Beijing had backed Moscow's efforts to counter a short-lived armed uprising...

    Russia said China expressed for the efforts of the leadership of the Russian Federation to stabilize the situation in the country.

    It came after a meeting in Beijing between China's deputy foreign minister Ma Zhaoxu and Russian deputy foreign minister Andrey Rudenko.

  • India’s Modi, Egypt’s Sisi pledge to deepen strategic partnership

    Indian Prime Minister Narendra Modi met Egypt's President Abdel Fattah al-Sisi in Cairo on a rare visit during which both...

    New Delhi and Cairo have pledged to boost bilateral trade as India is also stepping up investment in Egypt, particularly in renewable energy.

    India is already Egypt's seventh-largest trading partner, according to data from Cairo's central bank, with trade reaching $7 billion last year.

  • Lebanon’s main Druze party choses Taymur Jumblatt as new leader

    Almost 2,000 supporters gathered in Ain Zhalta, in the Druze heartland of the Chouf mountains, where members of the Progressive...

    He takes up the mantle at a time when Lebanon has been reeling from three years of gruelling economic crisis, widely blamed on the governing elite.

    The Druze are a secretive offshoot of Islam that make up around five percent of Lebanon's population but who have wielded political clout under Taymur's father.

  • Mitsotakis’s conservatives set for landslide Greece election win

    Mitsotakis's New Democracy party obtained over 40 percent of the vote, well ahead of the leftist Syriza party led by...

    Mitsotakis, 55, who steered Greece from the coronavirus pandemic back to two consecutive years of strong growth, had already a scored a thumping win in an election just a month ago

    But having fallen short by five seats in parliament of being able to form a single-party government, he declined to form a coalition, forcing voters back to ballot boxes.

  • UAE discusses tourism with India, UK, Indonesia and Japan

    NEW DELHI, INDIA - UAE Minister of Economy and Head of the Emirates Tourism Council Abdullah bin Touq Al Marri...

    The UAE is keen on developing tourism ties with countries and building partnerships in fields that supports economic, social growth and prosperity.

    The UAE had adopted a forward-looking vision to develop a distinguished tourism sector at the regional and global levels.

  • Protesters demand ‘justice’ on anniversary of Spain-Morocco border crush

    Activist Quinndy Akeju said many families "had not yet identified or buried their dead" after some 2,000 migrants -- many...

    The "marches for justice", organised by rights groups, denounced what they said was the authorities' refusal to investigate the causes of the incident

    Amnesty international and other rights groups say at least 37 people were killed on 24 June, 2022, with another 76 migrants still missing

  • Russian security crisis eases as Wagner forces leave Russia

    Wagner fighters, who had launched a mutiny to overthrow Russia's military leadership, are reported to be leaving the Voronezh region...

    Kremlin announces the end of the mutiny after Wagner chief agrees to exile in Belarus

    The deal averts immediate assault on Moscow but highlights vulnerabilities in Putin's rule

  • US spy agencies detected early signs of Russia revolt, say media reports

    According to the US media reports, intelligence officials conducted briefings at the White House, the Pentagon and on Capitol Hill...

    Spy agencies first began tracking indications that Prigozhin and his Wagner mercenary force intended to move against the Russian military leadership in mid-June

    As US intelligence officials pinned down information that Prigozhin was preparing military action, they grew concerned about chaos in a country with a powerful nuclear arsenal

  • Greeks head to polls with conservative premier favorite to win

    The 55-year-old Harvard graduate, who steered Greece from the coronavirus pandemic back to two consecutive years of strong growth, had...

    Polling stations opened for the second round of general elections in five weeks at 7:00 am (0400 GMT) while the first exit polls are expected at 7:00 pm when polls close

    As election rules this time round would accord up to 50 bonus seats to the winner of the vote, Mitsotakis's New Democracy party is widely projected to emerge victorious