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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.
  • Morocco reopens airspace after two-month virus shutdown

    Morocco reopened its airspace on Monday in a bid to breathe life into its crisis-hit tourism sector, two months after...

    The move was welcomed by tourism businesses who have suffered two lost years due to the pandemic, as well as by Moroccans stranded abroad.

    Passengers heading to the kingdom will still need to show proof of vaccination against the Covid-19 illness and a negative PCR test within the past 48 hours.

  • UAE delegation makes first visit to Israel’s parliament

    Three members of the United Arab Emirates' Federal National Council visited Israel's parliament Monday, becoming the first Emirati delegation there...

    Prior to the visit to the Knesset, the Emirati delegation visited Yad Vashem, Israel's Holocaust memorial

    The UAE became the third Arab nation to normalize ties with Israel after Egypt and Jordan, a move that angered the Palestinians as it recognized the Jewish state

  • Turkey orders arrest of Olympic swimmer for mocking Erdogan

    Turkish prosecutors on Monday issued an arrest warrant for a former Olympic swimmer over tweets appearing to express relief that...

    Erdogan, 67, said he had a "mild" infection on Saturday and was working from home

    The crime of insulting the Turkish president is punishable by up to four years in jail

  • Saudi Arabia, Norway discuss relations and joint cooperation

    The discussion took place in Riyadh between the Saudi-Norwegian Parliamentary Friendship Committee of the Shura Council and Norway’s Ambassador to...

    The two countries discussed aspects of bilateral cooperation between them

    The focus was on the level of parliamentary relations between the Shura Council and the Norwegian Parliament

  • Talks to revive 2015 Iran nuclear deal to resume in Vienna

    Parties to the deal have been negotiating in Vienna since last year with indirect US participation. Talks were most recently...

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

    Iran said the answers "the United States brings tomorrow to Vienna will determine when we can reach an agreement".

  • Lebanon returns 337 artifacts from different eras to Iraq

    The items returned have been characterized as ‘witnesses to the childhood of human history.’

    The artifacts had been on display in a Lebanese museum for several years

    The items are said to have included clay tablets and pieces of pottery

  • Australia to reopen borders to tourists on February 21

    Every month of border closures has cost businesses an estimated US$2.6 billion, according to the Australian Chamber of Commerce and...

    Every month of border closures has cost businesses an estimated US$2.6 billion, according to the Australian Chamber of Commerce and Industry

    In recent months, rules have been gradually relaxed for Australians, long-term residents and students

  • Embargoed: Countries left out in the cold

    Embargoes have become a weapon of choice in response to war, the fight against terrorism, or human rights breaches.

    Embargoes have become a weapon of choice in response to war, the fight against terrorism, or human rights breaches

    Cuba is one of several countries to have been targeted by sanctions since the end of World War II

  • African Union condemns military coups

    Burkina Faso became the fourth country to be suspended by the African Union after Guinea, Mali and Sudan to punish...

    African Union has closed its annual summit by condemning a recent "wave" of military coups in the neighboring countries

    AU leaders has also agreed to suspend debate on Faki's controversial decision to accept the accreditation of Israel

  • World leaders look to avert Russia-NATO clash over Ukraine

    With war clouds gathering over Ukraine, international diplomacy goes into overdrive on Monday with the French and Russian presidents to...

    US officials have said the Kremlin has assembled 110,000 troops along the border with its pro-Western neighbor

    However, intelligence assessments have not determined whether President Vladimir Putin has actually decided to invade

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