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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.
  • Libya’s east-based government threatens to block oil exports

    Libya's internal turmoil may worsen with the head of the country's east-based administration threatening to block oil and gas exports...

    Hamad also said that he had "frozen" 2022 oil revenues "equivalent to more than 130 billion dinars" (around $27 billion) as a first step

    He accused the government in Tripoli of squandering energy revenues by making "extravagant spending", without elaborating

  • Kuwait, UN sign MoU to enhance cooperation in counter terrorism

    NEW YORK, US - Kuwait Ministry of Foreign Affairs and the United Nations signed a Memorandum of Understanding (MoU) aimed...

    A training program for Kuwaitis and the establishment of special workshops in the field of combating terrorism was discussed.

    The country has tried to strengthen global partnerships in combating terrorism, Kuwait's assistant minister said.

  • Rebels seize military base, pose serious challenge to Putin’s rule

    Rebel mercenaries have seized a crucial military base and are making their way north towards Moscow, presenting a serious security...

    Counter-terrorist operation initiated to halt their advance towards Moscow

    Wagner force moves through Lipetsk region; civilians urged to stay home

  • Putin slams ‘treason’ as forces tackle Wagner revolt

    After Putin's speech accusing him of treason, Prigozhin launched a second broadside. "On treason of the motherland: the president is...

    The rapidly escalating events mark the most serious challenge to the Kremlin chief's long rule, and Russia's most serious security crisis since the strongman came to power in l999

    Wagner chief Yevgeny Prigozhin, once a close Putin ally, said his troops had taken control of the military command centre and bases in the southern city of Rostov-on-Don

  • Iran dismisses US claims on Russia’s use of Shahed drones in Ukraine war

    Tehran, Iran--Iran’s permanent mission to the United Nations has rejected the claim by the United States and its allies about...

    Iran's mission to the UN said that claims are made to influene the UN head's report on the implementation of Security Council Resolution 2231

    US ambassador to the UN Linda Thomas Greenfiled claimed in a joint statement at the Security Council Stakeout that Iran and Russia were boosting military ties

  • Israel acknowledges failure to prevent attack on Palestinians

    In a rare acknowledgment, the Israeli army said that it "failed" to prevent an attack by Jewish settlers on a...

    The Israeli army spokesman said troops sought to stop Israelis from attacking Turmus Ayya but they were stretched too thin

    Taking a strong note of the attack, the EU's top representative to the Palestinians said Israel had failed to meet its obligations to protect Palestinians

  • Morocco puts off meeting of Arab allies of Israel due to West Bank violence

    With violence escalating between Palestinians and Israelis, Morocco has postponed a meeting of Arab allies of Israel it was due...

    Top diplomats from Bahrain, Egypt and the UAE as well as Morocco joined last year's meeting with the Israeli foreign minister

    The country normalized its relations with Israel more than two years back as part of a deal with the US to recognize its annexation of Western Sahara

  • UN convoy crosses from Syria regime areas to rebel-held Idlib

    The 10-truck convoy reach rebel-held Al-Nayrab in Idlib province from the direction of regime-held Saraqib, headed for storage facilities near...

    A February 6 earthquake devastated parts of Turkey and Syria, including areas of the war-torn country's Idlib region that are controlled by Hayat Tahrir al-Sham.

    The UN largely delivers relief to Syria's northwest via neighboring Turkey through the Bab al-Hawa crossing -- the only way for aid to enter without Damascus's involvement.

  • Oman seizes 6 million captagon pills, arrests members of smuggling network

    MUSCAT, OMAN - Oman announced the seizure of over six million captagon pills during a bust aided by Saudi Arabia that...

    Omani authorities did not specify the intended destination of the drug shipment, but neighboring Saudi Arabia is believed to be the largest market for the drug.

    The vast majority of the region's captagon is produced in Syria and Lebanon and smuggled to its main consumer market in the Gulf.

  • French envoy meets key Lebanese players on ‘consultative’ mission

    Mired in a crippling economic crisis since 2019, Lebanon has been governed by a caretaker cabinet for more than a...

    "This is a consultative mission... to ensure the country moves on from the political impasse," French special envoy Jean-Yves Le Drian told reporters.

    He said he was holding "the necessary talks with all players in order to immediately end the political deadlock".