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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 seizes Gaza territory as Macron signals imminent French recognition of Palestinian statehood

    French President Emmanuel Macron meanwhile said that France plans to recognise a Palestinian state in the "coming months", a move...

    Israel's Defence Minister Katz said that "large areas are being seized and added to Israel's security zones, leaving Gaza smaller and more isolated."

    Katz emphasised that Israel would keep increasing pressure on Gaza "until the hostages are freed and Hamas is defeated."

  • Saudi foreign minister in US to prepare for Trump visit

    Riyadh, Saudi Arabia -- Saudi Arabia's top diplomat is in Washington to lay the groundwork for US President Donald Trump's...

    Last month, Trump said he may visit Saudi Arabia as early as April in a reprisal of 2017, when the kingdom was the first destination of his first term in office.

    Foreign Minister Prince Faisal bin Farhan arrived in Washington on Tuesday, aiming to "prepare for Trump's visit to Riyadh", the source close to the Saudi government said.

  • Iraq signs deal with US firm to produce 24,000 MW of electricity

    Prime Minister Mohammed Shia al-Sudani oversaw "the signing of a Memorandum of Understanding as part of a strategic cooperation framework...

    The signing comes at the conclusion of a visit to Iraq by a high-level US delegation comprising of representatives from 60 private firms.

    Despite sitting on large reserves of petrol and natural gas, decades of conflict and instability have ravaged Iraq's energy infrastructure.

  • Hamas official says ‘necessary to reach a ceasefire’ in Gaza

    A Hamas official told AFP on Tuesday that it was "necessary to reach a ceasefire" in the Gaza Strip, three...

    "This war cannot continue indefinitely, and it is therefore necessary to reach a ceasefire," Hossam Badran, a member of Hamas's political bureau, told AFP

    US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu a day earlier said that new negotiations were in the works aimed at getting more hostages freed

  • Amid Israeli warning of military action, Iran says deal can be reached if US shows goodwill

    Trump made the surprise announcement that his administration would open talks with Iran during a White House meeting on Monday...

    Foreign Minister Abbas Araghchi said Iran's principal aim remained the lifting of sweeping US sanctions

    Their reimposition by President Donald Trump in 2018 has dealt a heavy blow to the Iranian economy

  • After Instagram restrictions, Meta to introduce teen accounts for Facebook

    Paris, France -- Meta on Tuesday announced that it was extending its teen accounts to its social network Facebook, after...

    The accounts were brought in for 13- to 15-year-old Instagram users last September as part of moves to shield underage internet users from online harms.

    Teens are immediately placed in such accounts, with those under 16 unable to change settings without parental permission.

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    The Iran-backed group carried out a military operation targeting an Israeli military target in the occupied area of Yaffa (Tel Aviv)

    The Huthis also claimed to have targeted "two US destroyers with several cruise missiles and drones" in the Red Sea

  • Yemen rebels say targeted Israel army site, US warships in Red sea: statement

    Yemen's Huthis said they targeted a military site in Israel and attacked two US destroyers in the Red Sea Monday,...

    The Iran-backed group carried out a military operation targeting an Israeli military target in the occupied area of Yaffa (Tel Aviv)

    The Huthis also claimed to have targeted "two US destroyers with several cruise missiles and drones" in the Red Sea

  • Netanyahu meets Trump for tariff and Gaza talks

    Israeli Prime Minister Benjamin Netanyahu met Donald Trump at the White House on Monday, becoming the first foreign leader to...

    Netanyahu and Trump are also set to discuss Gaza, where a short-lived US-brokered truce between Israel and Hamas has collapsed, and growing tensions with Iran

    Trump greeted Netanyahu outside the West Wing and pumped his fist, before the two leaders went inside for a meeting in the Oval Office.

  • PA alone must be in charge of post-war Gaza, say France, Egypt and Jordan

    Cairo, Egypt -- The leaders of France, Egypt and Jordan on Monday said the Palestinian Authority alone must be in...

    French President Emmanuel Macron earlier said that Palestinian group Hamas should have no role in governing the Gaza Strip once its war with Israel is over.

    King Abdullah stressed the need for "a just and comprehensive peace based on the two-state solution", a Palestinian state alongside Israel.