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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.
  • Israel making Gaza unlivable, expands control over half of the territory

    Jerusalem, Undefined -- By seizing large swathes of the Gaza Strip, Israel is redrawing the map of the Palestinian territory,...

    Nearly all Gazans have been displaced at least once, and many now live in schools turned shelters, under tents and in other makeshift shelters.

    Some Israeli figures who advocate for the return of settlements in the Gaza Strip -- which were evacuated in 2005 -- claim to have concrete plans and make regular visits.

  • Chinese vent anger at Trump’s trade war with memes, mockery

    Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...

    Defiant posts have shot to the top of most-searched lists on social media, flooding platforms with patronizing comments and jokes.

    In one video, a Chinese internet user opens his hands to reveal what goods he buys from the United States -- nothing.

  • Deadly US strikes hit Yemen fuel port used by Huthis

    The US military said it had destroyed a key Yemeni fuel port as it targets the country's Huthi rebels, who...

    The attack on the Ras Issa fuel port aimed to cut off a source of supplies and funds for the Iran-backed Huthis, the US military said

    Washington has hammered the Huthis with near-daily air strikes since March 15 in a bid to end their attacks on civilian shipping and military vessels

  • Hamas rejects Israel’s truce plan, demands full withdrawal and end of war in Gaza

    The Palestinian militants' chief negotiator spoke out after civil defence rescuers in Gaza said new Israeli air strikes killed at...

    A Hamas source told AFP that the group sent a written response Thursday to mediators on Israel's latest proposal for a 45-day ceasefire

    It also called for the freeing of 1,231 Palestinian prisoners from Israeli jails and the entry of humanitarian aid into Gaza

  • 40 mostly displaced Gazans killed in Israeli strikes

    Civil defense spokesman Mahmud Bassal said two Israeli missiles hit several tents in the Al-Mawasi area of the southern city...

    Bassal said that Israeli strikes on two other encampments killed a further nine people -- seven in the northern town of Beit Lahia, and a father and son near Al-Mawasi.

    Two more attacks in Jabalia -- one that killed at least seven members of the Asaliya family, and another that killed six people at a school being used as a shelter.

  • Qatar renews $60 mn grant for Lebanon army salaries

    Qatar is to renew a $60 million grant to pay the salaries of Lebanon's army and provide 162 military vehicles,...

    The Lebanese President arrived in Qatar on Tuesday accompanied by foreign minister Youssef Raggi, and departed Doha on Wednesday afternoon

    The gas-rich Gulf state in February pledged support for reconstruction in Lebanon and was already a provider of financial and in-kind support to the Lebanon

  • UN watchdog chief says Iran ‘not far’ from nuclear bomb

    The United Nations nuclear watchdog chief Rafael Grossi warned on Wednesday that Iran was "not far" from possessing a nuclear...

    Western countries including the United States have long accused Iran of seeking to acquire nuclear weapons, an allegation Tehran has consistently denied

    The UN watchdog was tasked with overseeing Iran's nuclear programme and its compliance with a 2015 nuclear deal which collapsed three years later

  • Israel says 30% of Gaza now buffer zone, escalates offensive and maintains aid blockade

    Prime Minister Benjamin Netanyahu also ordered security chiefs and negotiators to keep pressing for the release of hostages held by...

    Prime Minister Netanyahu also ordered security chiefs and negotiators to keep pressing for the release of hostages held by Hamas in Gaza

    The Israeli military said that it had "achieved full operational control over several key areas and routes throughout the Gaza Strip."

  • WHO countries strike landmark agreement on tackling future pandemics

    Geneva, Switzerland -- Years of negotiations culminated early Wednesday with countries agreeing the text of a landmark accord on how...

    Negotiators stumbled over the agreement's Article 11, which deals with transferring technology for pandemic health products towards developing nations.

    During the Covid-19 pandemic, poorer states accused rich nations of hoarding vaccines and tests.

  • US approves $825 mn Stinger missile sale to Morocco

    The United States on Tuesday announced the approval of an $825 million sale of up to 600 Stinger anti-air missiles...

    The proposed sale will improve Morocco's capability to meet current and future threats, the US Defense Security Cooperation Agency (DSCA) said in a statement

    This will contribute to the Moroccan Army's goals of updating capability and further enhancing interoperability with the US and other allies, the statement added