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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.
  • SFD launches $135m infra projects

    The projects have been inaugurated in Djibouti.

    The projects include two new development initiatives in the water and housing sector

    The fund has also laid the foundation stone for a project in the transportation sector

  • US reaffirms Russia could attack Ukraine ‘at any time’

    US Press Secretary Jen Psaki said President Joe Biden was due to hold a rare Sunday National Security Council meeting...

    Western officials in Munich continued to raise the alarm about Moscow's intentions towards Ukraine

    However, Ukrainian President Volodymyr Zelensky pushed back against Washington's dire predictions for an invasion

  • UAE and Hungary to collaborate in energy sector

    UAE Energy Strategy 2050 aims to increase the contribution of clean energy in the total energy mix from 25 per...

    The two sides also discussed an exchange of expertize and best practices in infrastructure, housing and transport

    The ministers of UAE and Hungary met on the sidelines of Dubai Expo 2020 and discussed cooperation in energy

  • The chances of reviving Iran nuclear accord are dwindling: Scholz

    The chances of reviving the Iran nuclear accord are dwindling and the "moment of truth" has arrived for Tehran's leadership,...

    The 2015 Iran nuclear agreement had offered Tehran sanctions relief in exchange for curbs on its nuclear program

    The Iranian foreign minister is due to address the Munich Security Conference later on Saturday

  • Ukraine blames Russia-backed rebels of killing a soldier

    Ukraine's army on Saturday reported the first death of a soldier in weeks and accused Moscow-backed rebels of sharply escalating...

    The joint military command for east Ukraine said a soldier received a fatal shrapnel wound in the conflict zone running across two separatist regions near the Russian border

    Moscow formally denies being involved in the conflict and calls it a Ukrainian internal affair

  • Qatar wins presidency of Arab Association of Secretaries General of Parliaments

    The country is represented by Secretary-General of the Shura Council Dr. Ahmed bin Nasser Al Fadhala.

    The country is represented by Secretary-General of the Shura Council Dr. Ahmed bin Nasser Al Fadhala

    The Secretary-General of the Egyptian House of Representatives was elected vice-chairman of AASGP

  • Amid troop buildup, Biden says Putin has decided to invade Ukraine

    There were growing fears that only a spark — which Washington warns could be a deliberate "false flag" incident created...

    The Kremlin insists it has no plans to attack its neighbor, which has angered Russia by seeking long-term integration with NATO and the EU

    However, the US says that with an estimated 149,000 Russian troops, as well as separatists, on Ukraine's borders, it's only a matter of when

  • Concerts and fireworks for Libya revolt anniversary

    Thousands of vehicles converged on the centre of Tripoli Friday, creating huge traffic jams, as motorists honked their car horns...

    Thousands of vehicles converged on the centre of Tripoli Friday, creating huge traffic jams, as motorists honked their car horns in celebration

    The anniversary comes as the country finds itself with two rival prime ministers based in the capital Tripoli

  • Europe’s Investment in Palestinian economy touches $1.61bn

    Around 60% of $1.61 billion were committed only in the last two years showing remarkable growth in mobilization of finance...

    A high-level policy meeting on Friday in Ramallah revealed this data of European Investments in Palestine

    A big bulk of investments is for boosting access to finance for SMEs, the backbone of the Palestinian economy

  • Qatar to distribute cash assistance for February to Gaza needy

    Cash assistance will be provided at a rate of USD 100 per family.

    Cash assistance will be provided to about 100,000 needy families in the governorates of Gaza Strip, at a rate of $100 per family.

    The aid will be distributed through the United Nations, and nearly 300 distribution centers in the governorates of Gaza Strip.

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