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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.
  • Gas prices soar to record highs as Ukraine crisis stokes supply fears

    Europe and UK gas prices hit record highs Friday and crude oil rallied, as Ukraine's invasion by key producer Russia...

    Europe reference Dutch TTF gas price struck 213.895 euros per megawatt hour in afternoon deals and UK gas hit 508.80 pence per therm.

    Europe's London Brent North Sea crude leapt 4.7 percent to $115.63 per barrel, having surged to a 2012 peak close to $120 on Thursday.

  • Iran FM willing to travel to Vienna if nuclear deal reached

    Iran's foreign minister said Friday he was ready to travel to Vienna if a deal is reached to revive the...

    "I am ready to go to Vienna when the Western sides accept our remaining red lines," Hossein Amir-Abdollahian said in a phone call with EU foreign policy chief Josep Borrell

    The 2015 deal began unraveling when former US president Donald Trump withdrew from it in 2018 and re-imposed sanctions

  • UN offers mediation to put Libya back on path to election

    Stephanie Williams, UN chief Antonio Guterres' Special Advisor on Libya, warned in a series of tweets that "the solution to...

    The country endured two rival governments from 2014 to early 2021, when Dbeibah's administration was approved by key factions after a ceasefire late the previous year.

    She also urged the country's politicians to "engage constructively together to move towards elections, for the sake of the 2.8 million Libyans who registered to vote" last year.

  • Money-laundering, terror financing penalties fetch UAE $1bn

    UAE authorities have collected AED3.848 billion ($1 billion) in penalties from anti-money laundering and terrorism financing offenders in 2021. The...

    UAE is currently amending the anti-money laundering law’s executive regulation.

    The Office for Anti-Money Laundering and Counter-Terrorist Financing was established in Feb 2021.

  • SFD postpones Pakistan debts for development projects

    The projects that the SFD contributes to financing through loans and grants in Pakistan amount to around SAR5 billion ($1.33...

    The fund signed an agreement with Pakistan’s Undersecretary of the Ministry of Economic Affairs Mian Asad Hayauddin in this regard

    The signing took place in the presence of Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Maliki and senior officials from both sides

  • 800 Iraqi refugees return home from Syria, more to follow

    Eight hundred Iraqi refugees returned home from northeast Syria on Thursday and hundreds more are to follow, a Syrian official...

    The Syrian Observatory for Human Rights said the first group left on buses via the Al-Yarubiyah border crossing.

    Relatives of IS militants, including children, are held in Kurdish-controlled camps in Syria's northeast, the largest of which is Al-Hol with around 56,000 displaced people.

  • Jordanian-German corporate partnership program launched

    Jordan Ministry's Secretary-General Dana Zoubi stressed the deep-rooted relations between Jordan and Germany.

    Jordan Ministry's Secretary-General Dana Zoubi stressed the deep-rooted relations between Jordan and Germany

    The program is an opportunity to exchange expertise to promote exports to German counterparts, she added

  • Saudi Crown Prince opens up on every little thing

    Saudi Arabia’s Crown Prince Mohammed bin Salman has created quite a few ripples with his views on all things important...

    The crown prince said he was leaning towards taking Saudi Arabia towards the ‘real teachings’ of Islam

    He also said the country was working towards codifying Islamic law as had been handed down directly by the Prophet

  • UAE sends 46 tons of food supplies to Malawi

    Over the past 10 years, the UAE has reportedly sent relief supplies to Malawi amounting to AED85.3 million ($23.23 million).

    The aid is expected to support efforts to meet children's needs for food and nutritional supplements in several villages and regions

    The UAE has reiterated its commitment to a humanitarian approach that supports emergency relief for countries in need

  • US lawmakers seek to halt Russian oil imports

    US president Joe Biden on Wednesday said he had not ruled out halting imports of Russian oil.

    US president Joe Biden on Wednesday said he had not ruled out halting imports of Russian oil

    But the White House later warned that such a step could cause further jumps in oil prices

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