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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.
  • Egypt vows to look after stranded Russians, Ukrainians

    The decision followed a flurry of flight cancellations after Russia early Thursday sent troops across the border into Ukraine.

    The decision followed a flurry of flight cancellations after Russia early Thursday sent troops across the border into Ukraine

    Flights from 11 airports in southern Russia and one airport in Moscow-annexed Crimea have been canceled, Russia's main aviation authority has said

  • North Africa-Europe migrant deaths at sea up 155%: UN

    The surge in deaths came alongside evidence of both increased arrivals in at least one key destination and rising interceptions.

    The central Mediterranean route, running from Tunisia and Libya to Italy and Malta, has claimed more than 18,000 migrant lives since 2014

    The Western Africa-Atlantic crossing to Spain's Canary Islands was the second most deadly during the first half of last year, with 250 fatalities

  • Russia invasion kills dozens on first day in Ukraine

    US President Joe Biden announced export controls against Russia to cut off more than half of the country's high-tech imports,...

    Across Ukraine, at least 137 "heroes" were killed after the first day of fighting, said President Volodymyr Zelensky

    He also called up conscripts and reservists nationwide to fight in a general mobilization, even as 100,000 people were displaced

  • Ukraine-Russia war may affect Gulf food supply

    The ongoing conflict will directly impact the Gulf and Arab countries since they import vast food items from the two...

    The Gulf states will be directly affected by the conflict as they depend on the two countries to meet a large proportion of their food requirements.

    Experts, however, believe a severe food shortage crisis in the Gulf countries is unlikely to happen in the short term as they can absorb rising import costs

  • With Spanish funds, Lebanon plans to revive railway out of service since ’70s

    Lebanon's transport minister has said that Spain will finance a plan to revive the railway network that has been out...

    Lebanon had a railway network since the end of the 19th century which connected Beirut to the Syrian capital Damascus.

    It was built during Ottoman rule and inaugurated in 1895, operating until the devastating civil war begun 47 years ago.

  • Iran says decisions needed from West to seal nuclear deal

    "No matter how close we are to the finish line, there is not necessarily a guarantee to cross it," Ali...

    "No matter how close we are to the finish line, there is not necessarily a guarantee to cross it," Ali Bagheri tweeted after flying back to Tehran

    "To finish the job, there are certain decisions that Western parties must make," Bagheri said, without spelling out what they were

  • Russia attack on Ukraine turns Europe eyes to Saudi Arabia, Qatar

    Qatar and Saudi Arabia host American troops, but their economic and political relations with Russia have grown over the years.

    Russian gas accounts for about 40 percent of the European market, leaving it highly exposed to supply disruptions due to the conflict

    A similar logic applies to the 2.3 million barrels of Russian crude that heads west each day through a network of pipelines

  • Israel president heads to Greece to calm ally ahead of Turkey visit

    Relations between majority-Muslim Turkey and the Jewish state froze over after the death of 10 civilians in an Israeli raid...

    Israeli will revive its diplomatic relations with Turkey that were frozen since 2010 when 10 civilians died in an Israeli raid on a Turkish flotilla

    Turkey aired objections in 2020 as Israel, Greece and Cyprus signed the EastMed deal for a huge pipeline to ship gas

  • UAE, EU discuss measures to boost regional economic cooperation

    Speaker of the UAE Federal National Council (FNC) Saqr Ghobash discussed the ongoing cooperation between the UAE and European Union...

    Ghobash and White strongly condemned the Houthi attacks on civilian facilities in the UAE and stressed the need to find peaceful solutions to conflicts

    They also highlighted the importance of continuing their coordination on matters of mutual concern, and addressing terrorism and helping establish security, stability and peace

  • Russia launches full-scale invasion of Ukraine as US vows ‘support’

    Russian air strikes hit military facilities across the country and ground forces moved in from the north, south and east,...

    Weeks of intense diplomacy to avert war failed to deter Putin, who had massed more than 150,000 troops along the borders of Ukraine.

    Ukraine has around 200,000 military personnel, and could boost that with up to 250,000 reservists. But Moscow's forces are much larger.

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