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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 imposes sanctions to curb Iran oil despite talks

    The United States said Wednesday it was imposing sanctions on seven companies involved in selling Iranian oil, tightening pressure despite...

    The United States said it was targeting five trading companies -- four based in the United Arab Emirates and one in Turkey

    The move comes just after Iran announced a fourth round of talks with President Donald Trump's administration to take place Saturday in Rome

  • UAE says foils bid to transfer weapons to Sudan army

    "The security services succeeded in preventing the transfer of a quantity of military equipment to the Sudanese Armed Forces following...

    The UAE statement said members of the cell included former Sudanese intelligence chief Salah Gosh an ex-adviser to the finance minister and political figure close to army chief.

    It said the arrests were made "during an inspection of ammunition in a private aircraft" loaded with around five million machine gun rounds.

  • Syria FM says wants to ‘strengthen relations’ with China

    Syrian Foreign Minister Asaad al-Shaibani expressed on Monday his government's willingness to build a "strategic partnership" with China, a key...

    A foreign ministry statement said that Shaibani met with the Chinese ambassador to the United Nations, Fu Cong, at UN headquarters in New York

    In the meeting with Beijing's envoy, Shaibani said the two countries "will work together to build a long-term strategic partnership in the near future

  • Abu Dhabi launches $500mn maternal health fund for Africa

    Nairobi, Kenya -- A $500-million fund aimed at improving maternal and neonatal health in sub-Saharan Africa was launched Tuesday in...

    The Beginnings Fund brings together philanthropists including the Gates Foundation and the Mohamed bin Zayed Foundation for Humanity, run by the UAE president.

    It set a deadline of 2030 to reach the $500-million target and has already reached $450 million in pledges, organizers said in a statement.

  • UN rights chief demands world act to stop Israel’s Gaza ‘catastrophe’

    "As the complete blockade of assistance essential for survival enters its ninth week, there must be concerted international efforts to...

    It halted aid deliveries to Gaza on March 2, days before the collapse of a ceasefire that had significantly reduced hostilities after 15 months of war.

    Supplies are dwindling and the UN's World Food Programme last Friday said it had sent out its "last remaining food stocks".

  • UN ‘alarmed’ by US strikes in Yemen that Huthis say killed 68 migrants

    The United Nations expressed deep alarm on Monday at reports that US strikes on Yemen killed scores of people at...

    The US military has hammered the Iran-backed Huthis with near-daily strikes since March 15 in an operation dubbed "Rough Rider."

    Huthi-controlled media said the latest strikes on the movement's stronghold of Saada killed at least 68 people, all Africans

  • Amnesty accuses Israel of ‘live-streamed genocide’ against Gaza Palestinians

    Paris, France - Amnesty International on Tuesday accused Israel of committing a "live-streamed genocide" against Palestinians in Gaza by forcibly...

    In its annual report, Amnesty charged that Israel had acted with "specific intent to destroy Palestinians in Gaza, thus committing genocide."

    Israel has rejected accusations of "genocide" from Amnesty, other rights groups and some states in its war in Gaza

  • Putin orders three-day ceasefire; Zelensky slams it as manipulative ahead of Victory Day

    Before Putin's announcement, US Secretary of State Marco Rubio held new talks with Russian counterpart Sergei Lavrov, having declared that...

    Before Putin’s announcement, US Secretary of State Rubio told Lavrov this week is critical for peace efforts

    The Kremlin said Putin had ordered a "ceasefire" for the 80th anniversary of Victory Day from May 8 to May 10

  • Brazil calls for Israeli withdrawal from Gaza at BRICS ministers’ meet

    The meeting comes at a critical moment for the world economy after the International Monetary Fund this week slashed growth...

    "The resumption of Israeli bombardments and the continued obstruction of humanitarian aid are unacceptable," Brazilian Foreign Minister Mauro Vieira said.

    The BRICS grouping has expanded significantly since its 2009 inception, and now includes Iran, Egypt, Indonesia, Ethiopia and the United Arab Emirates.

  • China says on ‘right side of history’ in trade standoff with US

    Since returning to the presidency in January, US President Donald Trump has imposed 10 percent tariffs on most US trading...

    The US, China said, "play cards out of thin air, bully and go back on their word", condemning Washington's "unilateralism and bullying."

    Beijing, however, has vowed to fight a trade war "to the end" and denied US claims it is in talks with Washington