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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.
  • Taliban declare day of Soviet exit from Afghanistan as holiday

    The Taliban on Tuesday declared February 15 a national holiday to mark the anniversary of the Soviet withdrawal from Afghanistan...

    Forty years of conflict has left Afghanistan one of the world's most impoverished nations, and the Taliban's return on August 15 plunged the country deeper into a crisis

    Thousands marched through Afghan cities on Tuesday to protest against President Joe Biden's decision last week to seize almost half the country's overseas assets -- about $3.5bn

  • Israel President to visit Turkey to improve strained relations

    Israeli President Isaac Herzog is preparing to visit Turkey, his office said Tuesday, in a rare trip following years of...

    A presidency statement said that a senior Turkish delegation, including a top aide to Turkish President Recep Tayyip Erdogan, was due in Israel this week

    Herzog's office had declined to comment on the prospective visit until Tuesday's statement, which gave no indication of a possible date

  • US considers $1 bn loan guarantees for Ukraine

    Europe's poorest country Ukraine's corruption-plagued economy has suffered from increased tensions over the possibility of an invasion by Russia.

    US could offer $1 billion in credit guarantees to support Ukraine, says White House official

    US National Security Advisor Jake Sullivan repeated on Sunday that Russia could attack Ukraine "any day now"

  • UAE, Turkey sign 13 agreements, MoUs in key areas

    The signing of cooperation agreements and MoUs ‘mark the beginning of a new era in relations’ between the two countries...

    Erdogan visits UAE for first time in nearly a decade to revive relations that were long strained by regional disputes

    The two countries vow 'to confront a number of common challenges" through dialogue and diplomatic resolve

  • Israeli PM starts first-ever Bahrain visit

    The visit is the latest such initiative following the US-brokered 2020 Abraham Accords.

    Bahrain and the United Arab Emirates became only the third and fourth Arab states to establish ties with Israel

    Following Egypt and Jordan, they signed on to the pacts negotiated under former US president Donald Trump

  • GCC states stress women’s rights to Taliban

    Amir Khan Muttaqi, a key member of the Taliban leadership, met in Doha with ambassadors from the six-nation GCC on...

    The Taliban have been struggling to unfreeze billions of dollars of assets abroad and get sanctions lifted.

    Arab envoys emphasized the need to help Afghanistan's "urgent humanitarian needs" as the country confronts widespread hunger caused by drought.

  • Islamic Development Bank sets up fund for providing aid to Afghanistan

    The Islamic Development Bank (IsDB) approved the establishment of the Afghanistan Humanitarian Trust Fund (AHTF), which will channel humanitarian and...

    The Afghanistan Humanitarian Trust Fund will be administered by the bank and receive contributions from member states.

    For project financing, it approved $337.63 million for transport, agriculture, and human capital development projects in Guinea, Cote d’Ivoire, and Senegal.

  • Erdogan arrives in UAE after a decade to revive bilateral relations

    Turkish President Recep Tayyip Erdogan reached Abu Dhabi on Monday for his first visit to the UAE in nearly a...

    Turkey and the UAE have backed opposing sides in the Libyan civil war and in a Gulf diplomatic crisis

    But those tensions eased after Abu Dhabi Crown Prince Mohammed bin Zayed traveled to Ankara in November

  • US discusses transfer deal with Afghans in UAE

    US officials in the United Arab Emirates met with Afghans after a protest in Abu Dhabi this week and discussed...

    The UAE was one of several Arab Gulf countries that assisted with the evacuation of Afghans fleeing the Taliban after the group seized power in August last year

    The US embassy said that it was aware of the "peaceful demonstration" to express "concerns about future resettlement and processing for onward travel"

  • Iran says Vienna nuclear deal talks ‘complicated’ but ‘no impasse’

    Iran is engaged in negotiations with Britain, China, France, Germany and Russia directly and with the United States indirectly to...

    But the US unilaterally withdrew from deal in 2018 under then-president Donald Trump and reimposed economic sanctions.

    Sanctions prompted Tehran to begin rolling back on its commitments. The drive to salvage the 2015 nuclear deal resumed in late November.

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