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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.
  • Germany voices opposition to postponing Iran nuclear deal

    Israel has said that regardless of any agreement that may be reached in Vienna, it would maintain full freedom to...

    The latest round of negotiations to salvage Iran's 2015 nuclear deal started in late November

    The deal, known as the Joint Comprehensive Plan of Action (JCPOA), secured sanctions relief for Iran

  • Two years into the pandemic, is the end in sight?

    Scientists warn that potential new variants and unequal vaccination rates threaten any long-awaited return to normality.

    Under the "reasonable best-case" scenario, there will be smaller regional or seasonal outbreaks, as the higher Covid numbers lead to fewer flu cases.

    In the meantime, the WHO emphasizes that the best way to end the acute phase of the pandemic is for rich countries to share their doses rather than boost their populations again.

  • On land and sea, climate change causing ‘irreversible’ losses: UN

    Climate change has already caused "irreversible losses" for Nature, UN experts have said, warning that if emissions are not cut...

    Many natural systems have already reached or are close to the limit of their ability to cope with the effects of a warming planet.

    The Earth is already believed to be entering its sixth mass extinction, driven by humanity's overconsumption and comprehensive destruction of species and habitats.

  • UAE makes $5m donation to UN’s Humanitarian Plan for Ukraine

    The United Arab Emirates has offered $5 million in assistance to Ukraine to tide over problems suffered by civilians in...

    The contribution is made to the United Nations’ Humanitarian Flash Appeal and the Regional Refugee Response Plan for Ukraine

    The UAE has underscored the importance of focusing on the deteriorating humanitarian situation for civilians

  • Lebanese long for IS-linked relatives stuck in Syria camps

    Lebanese families are lobbying authorities to return their relatives held in Syria.

    Hundreds of Lebanese joined IS since the war began in 2011 for 'financial motives'

    UN has warned of deteriorating security conditions in Al-Hol shelters in Syria which shelters around 56,000 displaced people

  • World Bank preparing $3 bn emergency aid package for Ukraine

    The IMF and the World Bank have promised to provide financial support to Ukraine, saying that they are saddened by...

    The World Bank will provide $350 million immediately to alleviate Ukraine's humanitarian crisis

    The IMF has said it will consider Ukraine's latest request for emergency financing 'as early as next week'

  • Israelis, Arabs, Iranians in harrowing exodus from Ukraine

    More than 10,000 Arab students have also attended university in Ukraine, drawn to the former Soviet republic by its low...

    The evacuees had been forced to make harrowing escapes through the war zone to board flights in neighboring countries

    They had to do this after Ukraine closed its airspace to civilian traffic at the start of the invasion by Russia last week

  • World Bank announces more than $1bn in aid for Afghanistan

    The objective of the new aid provided by World Bank is to "protect vulnerable Afghans and help preserve human capital...

    The World Bank has redirected the funds to UN and UNICEF in response to the humanitarian crisis in Afghanistan

    Multi-donor fund ARTF has coordinated international aid to improve the lives of millions of Afghans until the Taliban took over

  • Biden slams ‘dictator’ Putin and his war in Ukraine

    US President Joe Biden on Tuesday branded his Russian counterpart Vladimir Putin a "dictator" facing withering economic and diplomatic isolation...

    Biden made clear there would be no US boots on the ground in the week-old war on Europe's doorstep

    "A Russian dictator, invading a foreign country, has costs around the world," Biden said

  • Egypt’s Suez Canal Authority announces hike in passage tolls

    Egypt's Suez Canal Authority announced Tuesday additional tolls for transiting vessels including fuel tankers, as oil prices soar in the...

    Petroleum gas tankers will see a 10 percent hike on passage fees while liquefied natural gas carriers and general cargo ships will incur a seven percent increase.

    Ships carrying petroleum products will be hit with a five percent rise under the new tolls, which are effective immediately.

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