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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.
  • Nuclear states spent $100 billion on atomic arsenals in 2024, say ICAN

    ICAN said Britain, China, France, India, Israel, North Korea, Pakistan, Russia and the United States together spent nearly $10 billion...

    ICAN said Britain, China, France, India, Israel, North Korea, Pakistan, Russia and the United States together spent nearly $10 billion more than in 2023

    The United States spent $56.8 billion in 2024, followed by China at $12.5 billion and Britain at $10.4 billion, ICAN said in its flagship annual report

  • US still wants talks with Iran on Sunday: US official

    Washington, United States - The United States still hopes to hold talks Sunday with Iran, even after Israel launched a...

    The official had no further information on whether Iran had agreed to the talks

    Oman had earlier planned talks Sunday involving Steve Witkoff, President Donald Trump's friend

  • MENA brief Jun 13: Prince Salman to skip G7 meet, OpenAI in funds talks with PIF

    In the financial sector, Fitch Ratings has projected a notable uptick in mergers and acquisitions within Saudi Arabia’s insurance industry....

    Qatar’s real estate sector recorded transactions exceeding QAR 1 billion in the first five days of June, driven by strong demand for residential and commercial assets.

    Morocco emerged as North Africa’s financial leader, with six of the region’s top 20 listed firms based in the country.

  • Israel says Hamas ‘weaponising suffering in Gaza’ as aid workers killed

    Israel charged on Thursday that Hamas was "weaponising suffering in Gaza" after a US and Israeli-backed charity accused the Palestinian...

    The distribution of food and basic supplies in the blockaded and war-ravaged Gaza has become increasingly fraught and perilous

    Asked to respond to the GHF accusation, the Hamas government media office in Gaza said GHF was a "filthy tool" of Israeli forces

  • Israel strikes Iran’s nuclear sites, kills top generals; Tehran, Iraq shut airspace, casualties reported

    Israel's operation struck at the "heart of Iran's nuclear enrichment programme", taking aim at the atomic facility in Natanz and...

    Israel's operation struck at the "heart of Iran's nuclear enrichment programme", taking aim at the atomic facility in Natanz and nuclear scientists

    Iranian state media said residential buildings in Tehran were also hit, killing a number of civilians including women and children

  • Flames and smoke in aftermath of crashed India passenger jet

    While officials initially said everyone aboard was feared dead, state health official Dhananjay Dwivedi told AFP later that one passenger...

    Air India's flight 171 -- a Boeing 787-8 Dreamliner bound for London's Gatwick Airport -- crashed shortly after takeoff around 0810 GMT.

    The passengers included 169 Indian nationals, 53 British, seven Portuguese, and a Canadian. Two pilots and 10 cabin crew were also aboard.

  • UN to vote on calling for unconditional Gaza ceasefire

    Like the text blocked by Washington to protect its Israeli allies, the draft resolution before the General Assembly calls for...
  • The most eye-catching products at Vivatech fair

    For humans, spotting the difference between a Lacoste polo shirt and a fake sporting the brand's crocodile logo can be...

    olumn-shaped robots from Hong Kong firm Robocore can serve as mobile ad billboards -- but for now are mostly deployed for medical purposes in hospitals and retirement homes.

    French startup Aemotion's four-wheeled electric vehicle is designed to weave through traffic, saving commuters time spent in jams.

  • Israel urges Egypt to block Gaza-bound activist convoys

    Israel's defence minister on Wednesday called on Egypt to block two pro-Palestinian activist convoys planning to head to Egypt's Rafah...

    Katz added that such actions "would endanger the safety of (Israeli) soldiers and will not be allowed."

    Egypt said on Wednesday that it backs efforts to put "pressure on Israel" to lift its blockade on Gaza

  • Gaza rescuers say Israel fire near aid centre kills 31

    The Gaza civil defence agency said Israeli forces opened fire on people waiting to enter a US-backed food distribution centre...

    There have been a series of deadly shootings since the Gaza Humanitarian Foundation (GHF) first opened aid distribution points in the Palestinian territory on May 27

    The UN Office for the Coordination of Humanitarian Affairs said on Tuesday that "Israeli military operations have intensified in recent days, with mass casualties reported."