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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.
  • Qatar to host gas exporters summit as Ukraine crisis simmers

    The US has sought the help of its close ally Qatar in providing emergency supplies if pipelines to Western Europe...

    Russia, Iran and Qatar are key members of the forum. Two other exporters, the US and Australia, are not part of the group.

    The GECF says its 11 members and seven associate countries account for 70 percent of proven gas reserves and 51 percent of global liquefied natural gas exports.

  • Israel says Syria fired anti-aircraft missile during reported Israeli strike

    Syrian state television reported an Israeli strike around Damascus.

    Syrian state television reported an Israeli strike around Damascus

    Israel has not confirmed it carried out any missile strike against Syria

  • DEWA first in the world to win 8 stars in EFQM Innovation Lens

    Dubai Electricity and Water Authority (DEWA) has achieved 8 stars level in the European Foundation for Quality Management (EFQM) Innovation...

    DEWA achieved a score of 800 on this award that measures innovation culture and its role in achieving results in leading organizations worldwide.

    DEWA made many achievements in the field of excellence in 2021, including winning the Sheikh Khalifa Excellence Award (SKEA) in the Elite Category.

  • UAE and Belgium look to boost security ties

    The UAE and Belgium have signed a memorandum of understanding (MoU) in order to strengthen cooperation in the fields of...

    The UAE was represented by Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior

    The memorandum is aimed at stepping up joint cooperation between the two countries, developing bilateral relations in the security and police fields

  • Israel PM vows action as police Pegasus spying scandal widens

    The latest bombshell from business daily Calcalist alleged that Pegasus was used against a son of former premier Benjamin Netanyahu...

    Calcalist had previously reported that the controversial malware was used by police against leaders of an anti-Netanyahu protest movement.

    Pegasus is at the center of a months-long international scandal following revelations that it was used by governments worldwide to spy on activists, politicians, journalists.

  • Libya searches for a candidate to replace interim PM

    Libya's parliament on Monday began hearings of hopefuls to replace interim prime minister Abdulhamid Dbeibah, a process that could spark...

    Dbeibah's government took power a year ago with a mandate to lead Libya to December elections aimed at dragging the country out of a decade of conflict

    Libya has seen a decade of conflict since the 2011 revolt that toppled dictator Moamer Kadhafi, leaving a patchwork of militias vying for control over an oil-rich country

  • US to help UAE stop drone attacks

    This comes amid recent attacks on the UAE by Houthi rebels from Yemen, which have prompted global condemnation.

    General Kenneth F McKenzie, head of the US Central Command is on an official visit to the UAE

    He said the US was working with the UAE to develop more effective solutions to stop drone attacks

  • US says Iran nuclear deal ‘in sight’ but urgent need to finalize

    Former US president Donald Trump unilaterally withdrew from the Iran nuclear deal in 2018, and reimposed tough economic sanctions on...

    The negotiations for the nuclear deal are resuming in Vienna after being halted at the end of last month

    They will be attended by China, France, Germany, Russia, United Kingdom, Iran, and the United States

  • Abbas loyalists win top leadership post at PLO

    According to analyst, PLO is loosing its popularity among Palestinian people as many are frustrated over its failures to hold...

    Rawhi Fattouh was elected to chair the PLO's parliament, while Hussein al-Sheikh and Mohamed Mustafa take executive committee seats

    New PLO secretary general and chief negotiator with Israel, the two key posts held by Saeb Erekat who died in 2020 of Covid-19 remain vacant

  • WIPO and Qatar sign pact to promote Intellectual Property education

    The World Intellectual Property Organization (WIPO) in collaboration with Hamad Bin Khalifa University (HBKU) will now promote education in intellectual...

    The World Intellectual Property Organization and Hamad Bin Khalifa University will collaborate for IP law teaching.

    The WIPO will provide expertise under the terms of the agreement.

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