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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.
  • Saudi Arabia offers to mediate between Russia and Ukraine

    Prince Mohammed bin Salman called for a "political solution" after the Russian invasion and also reiterated his support for the...

    Arab countries in the Gulf, including Saudi Arabia, have mostly refrained from criticizing the invasion by Russia

    On Wednesday, however, they voted for a UN General Assembly resolution urging Russia to withdraw from Ukraine

  • US says Iran nuclear deal ‘close’ but not certain

    Negotiators meeting in Vienna to try and salvage the 2015 nuclear deal, which is meant to prevent Tehran from acquiring...

    The agreement was between Iran on one side and Germany, China, the United States, France, Britain, and Russia on the other

    It unraveled when former US president Donald Trump, with Israeli encouragement, unilaterally withdrew from it in 2018

  • Fire at Ukrainian nuclear plant after Russian forces attack

    Russian troops attacked Europe's largest nuclear plant on Friday, starting a fire at the Ukrainian facility, with the country's leader...

    President Volodymr Zelensky accused Moscow of trying to "repeat" the Chernobyl nuclear disaster

    Images on a live feed from the site earlier showed blasts lighting up the night sky and sending up plumes of smoke

  • Israel could be ‘potential ally’ for Saudi Arabia: Crown Prince

    Saudi Crown Prince Mohammed bin Salman has said Israel could be a "potential ally" of Riyadh, in remarks published Thursday....

    Saudi Arabia does not have diplomatic relations with Israel.

    But in 2020 two of its main Gulf allies -- Bahrain and the UAE -- normalized ties with Israel, becoming the third and fourth Arab states to do so after Egypt and Jordan.

  • France says worst yet to come in Russia-Ukraine conflict

    France on Thursday expressed fear that the worst phase of Russia's war on Ukraine could be yet to start, with...

    France Foreign Minister said that Ukraine's resistance against Russian invasion could lead to cities being targeted

    The minister warned Kharkiv in the east, Mariupol in the south and Kyiv itself were at risk of encirclement by Russia

  • Libya PM-in-waiting accuses rival of blocking swearing-in

    The Libyan parliament's pick for prime minister has accused his rival in Tripoli of blocking ministers-in-waiting from traveling to the...

    Former interior minister Fathi Bashagha was appointed last month by the war-torn country's parliament in the eastern city of Tobruk

    Libya's parliament has been based in the eastern city of Tobruk, hundreds of miles (kilometers) east of Tripoli, since an east-west schism in 2014

  • UAE and US are facing a stress test: Ambassador Yousef al-Otaiba

    The UAE and the US are facing a "stress test" in their relationship, a senior Emirati diplomat said Thursday, as...

    Yousef al-Otaiba, the UAE ambassador to the US, was speaking days after it abstained in a UN Security Council vote on a resolution demanding a Russian withdrawal from Ukraine

    The UAE, which currently holds the UN Security Council presidency, on Friday abstained from voting on a US-Albanian draft resolution condemning Russia's invasion of Ukraine

  • Biden to hold virtual summit with Japan, Australia, India leaders Thursday: Delhi

    The statement from India's foreign ministry came a day after Indian Prime Minister Narendra Modi spoke to Russian President Vladimir...

    The statement from India's foreign ministry came a day after Indian Prime Minister Narendra Modi spoke to Russian President Vladimir Putin

    The grouping is seen as a bulwark against China, and there have been concerns in India and elsewhere that the Ukraine crisis would distract Washington from the region

  • Russian forces capture Ukrainian city of Kherson

    "The (Russian) occupiers are in all parts of the city and are very dangerous," Gennady Lakhuta, head of the regional...

    "The (Russian) occupiers are in all parts of the city and are very dangerous," Gennady Lakhuta, head of the regional administration, wrote on messaging service Telegram

    The strategic port city of 290,000 people near the Black Sea came under siege as Russian forces pressed ahead with their offensive across other urban centres

  • UN General Assembly demands Russia withdraw from Ukraine

    The UN General Assembly on Wednesday overwhelmingly adopted a resolution that "demands" Russia "immediately" withdraw from Ukraine, in a powerful...

    "The world is rejecting Russia’s lies," US President Joe Biden said in a statement later Wednesday

    China was among the 35 countries which abstained, while just five -- Eritrea, North Korea, Syria, Belarus and of course Russia -- voted against it

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