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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.
  • US suspends student visa processing in fresh swipe at foreign applicants

    President Donald Trump's administration is seeking unprecedented control over leading US universities, including revoking foreign student visas and deporting some...

    The government plans to ramp up vetting of the social media profiles of international applicants to US universities, the cable said.

    Rubio earlier rescinded hundreds of visas and the Trump administration has moved to bar Harvard University from admitting non-Americans.

  • Iran president in Oman as nuclear talks progress

    Iranian President Masoud Pezeshkian on Tuesday began a two-day visit to Oman, which is mediating ongoing nuclear talks between Tehran...

    Pezeshkian travelled to Muscat looking to promote "peace and stability", he said, two days after US President Donald Trump described the latest negotiations as "very, very good".

    "We hope to engage in dialogue to reach a shared perspective and a common voice on promoting peace and stability in the region," Pezeshkian said in a televised speech

  • South East Asia, Gulf and China three-way talks ‘response to call of times’

    The trade-dependent economies are looking to insulate themselves after US President Donald Trump blew up global trade norms by announcing...

    Though he subsequently instigated a 90-day pause for most, the experience has spurred ASEAN and others to accelerate efforts to diversify their trading networks.

    China is only Southeast Asia's fourth largest source of foreign direct investment, after the United States, Japan and the European Union, noted NUS' Chong.

  • US-backed group says it has begun aid distribution in Gaza

    A controversial US-backed aid group for Gaza announced Monday that it had begun distributing food in the war-ravaged Palestinian territory,...

    The Gaza Humanitarian foundation (GHF) said in a statement that it commenced operations in Gaza today, delivering truckloads of food to its Secure Distribution Sites

    The United Nations and international aid agencies have meanwhile said they will not cooperate with the GHF, amid accusations it is working with Israel

  • Israel strikes Gaza, kills 53 people as Witkoff says Hamas didn’t accept 70-day temporary ceasefire

    Hamas said Monday it had accepted a new ceasefire proposal by US envoy Steve Witkoff, presented by mediators, but a...

    Israel has in recent weeks expanded its offensive in the Gaza Strip, drawing international condemnation as aid trickles in following a monthslong blockade

    European and Arab leaders meeting in Spain over the weekend called for an end to the "inhumane" war, while humanitarian groups said the trickle of aid was not enough

  • Iran rejects push to suspend uranium enrichment to reach nuclear deal with US

    The issue has come into focus in recent weeks, with Iran staunchly defending its right to enrich uranium as part...

    The issue has come into focus in recent weeks, with Iran staunchly defending its right to enrich uranium as part of what it says is a civilian nuclear programme

    The negotiations, which began in April, are the highest-level contact between the two sides since the United States quit a landmark 2015 nuclear accord

  • Hamas accepts mediators’ latest Gaza ceasefire proposal

    The outline of the new potential deal was revealed as Israel ramped up its offensive in the Palestinian territory, and...

    "Hamas has agreed to the new proposal by US envoy Steve Witkoff, which the movement received from mediators," the Hamas source told AFP.

    The deal included "a 70-day truce in exchange for the release of 10 hostages in two batches, and during the truce, negotiations would begin on a permanent ceasefire.

  • Due to war, under 5 percent of Gaza cropland useable for farming: UN

    Paris, France -- Under five percent of Gaza's farmland is useable due to war, further exacerbating the risk of famine...

    By the end of April, more than 80 percent of the farmland was damaged and 77.8 percent was no longer accessible, leaving barely 4.6 percent of potentially arable land.

    Some 688 hectares (1,700 acres) is all that remains for cultivation, according to the assessment.

  • Trump slams ‘crazy’ Putin as Russia pummels Ukraine with massive drone attack

    US President Donald Trump called his Russian counterpart Vladimir Putin "crazy" on Sunday after Moscow launched a deadly barrage of...

    At least 13 people were killed when Russia launched a record number of drones against Ukraine overnight to Sunday

    Those killed in the latest Russian strikes included victims aged eight, 12 and 17 in the northwestern region of Zhytomyr, officials said

  • Turkey, PKK must both change for peace: former militant

    "When you try and explain peace to people, there is a very serious lack of trust," said Yuksel Genc, a...

    "The guerillas are sincere, but they don't think the state is," said Genc, her words briefly interrupted by the roar of a fighter jet flying overhead.

    For years, she was a fighter with the Kurdish rebel group, which on May 12 said it would disarm and disband, ending a four-decade armed struggle against the Turkish state