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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.
  • Rubio sees more Arab states normalizing with Israel this year

    US Secretary of State Marco Rubio suggested Wednesday that more Arab nations could forge ties with Israel this year, as...

    Saudi Arabia was in advanced talks on normalization, backed by then-president Joe Biden's administration, before the October 7, 2023 attack by Hamas on Israel

    Saudi Arabia is considered the ultimate prize by Israel considering the kingdom's role as the guardian of Islam's two holiest shrines and its influence within the Arab and Islamic

  • US accepts Boeing jet from Qatar for use as Air Force One

    US Defense Secretary Pete Hegseth has accepted the Boeing 747 that the Gulf emirate of Qatar offered to President Donald...

    "The Secretary of Defense has accepted a Boeing 747 from Qatar in accordance with all federal rules and regulations," Pentagon spokesman Sean Parnell said in a statement

    The US Constitution prohibits government officials from accepting gifts "from any King, Prince or foreign State," in a section known as the Emoluments Clause

  • Israeli ‘warning’ fire at diplomats sparks outcry amid Gaza pressure

    EU foreign policy chief Kaja Kallas urged Israel to hold to account those responsible for the shooting near Jenin, a...

    The Palestinian foreign ministry accused Israel of having "deliberately targeted by live fire an accredited diplomatic delegation".

    The incident came as international pressure intensified over the war in Gaza, where Palestinians were desperate for supplies after a two-month aid blockade was eased.

  • An output cut of one million barrels per day (bpd) was being discussed at OPEC+, sources said before the announcement. Credit: Pixabay

    Oil prices jump on report of Israel prepping Iran strike

    Both main crude contracts jumped around one percent after CNN reported multiple US officials as saying the government had received...

    There are fears that such a sharp escalation could tip the Middle East into a war, with tensions already high over Israel's strikes on Gaza.

    While safe haven gold pushed higher, the news from CNN appeared to be having little detrimental effect on Asian equities, with most extending the previous day's rally.

  • Iran says talks with US unlikely to ‘lead to any outcome’

    US Secretary of State Marco Rubio said that Iran could have civilian nuclear power while importing enriched uranium but that...

    "We don't think it will lead to any outcome. We don't know what will happen," said Khamenei during a speech, adding that denying Iran's right to enrich uranium was "a big mistake".

    Iran currently enriches uranium to 60 percent, far above the 3.67-percent limit set in the 2015 deal and close though still short of the 90 percent needed for a nuclear warhead

  • EU to lift all economic sanctions on Syria to help the war-torn country

    EU countries agreed Tuesday to lift all their remaining economic sanctions on Syria in a bid to help the war-torn...

    The move from the European Union comes after US President Donald Trump announced last week that Washington was lifting its sanctions against Syria.

    The country's new rulers have been clamouring for relief from the crushing international punishment imposed after Assad's crackdown on opponents

  • US asking countries for ‘voluntary’ Palestinian relocation: Rubio

    Israel has again warned the population of Gaza -- nearly entirely displaced since the war broke out over the October...

    President Donald Trump has repeatedly mused about displacing Gaza's two million people to make way for reconstruction.

    Responding to a question in testimony to the Senate Foreign Relations Committee, Rubio said: "There's no deportation."

  • UK halts trade talks with Israel, summons envoy over Gaza

    Foreign Secretary David Lammy accused Israeli Prime Minister Benjamin Netanyahu's government of "egregious actions and rhetoric" over its expansion of...

    Lammy said Britain "cannot stand by in the face of this new deterioration" in Gaza and was pausing negotiations with Israel on a new free-trade agreement.

    Israel was the country's 44th-largest trading partner last year, with the two countries exchanging 5.8 billion pounds ($7.8 billion) in goods and services.

  • Israel will ‘take control of all’ of Gaza, says Netanyahu as WHO warns of famine risk

    After more than two months of a total blockade, the World Health Organization issued a stark warning on the humanitarian...

    In southern Gaza, the Israeli military issued an evacuation call to Palestinians in and around Khan Yunis city ahead of what it described as an "unprecedented attack".

    Two million people are "starving" in the Gaza Strip, with the deliberate blocking of aid driving up the risk of famine, the World Health Organization chief warned.

  • Joe Biden diagnosed with aggressive prostate cancer

    Former US president Joe Biden has been diagnosed with an "aggressive" form of prostate cancer that has spread to his...

    US President Donald Trump, who has long derided political rival Biden over his cognitive abilities, said he was "saddened" by the news

    Prostate cancer is the most common form of cancer in men, with the American Cancer Society reporting one in eight men in the US are diagnosed with it