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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.
  • Iran says Russia will invest $83.58m in Sirik power plant

    Iran has confirmed that Russia will invest $83.58 million in Sirik power plant based in southern Iran.

    After discussions, the Russian Ministry of Finance agreed to invest in the 1400-megawatt (MW) gas-powered plant

    Some seven Iranian companies are working in the project, employing 250 manpower directly and indirectly

  • Iran terms US sanctions relief ‘good but not enough’

    US steps on lifting sanctions are "good but not enough", Iran said Saturday, following Washington's announcement it was waiving sanctions...

    The US action came as talks to restore a 2015 deal between Tehran and world powers over its nuclear program reached an advanced stage

    The secretary of Iran's Supreme National Security Council also reflected Tehran's view that the US move falls short

  • UAE and China resolve to bolster economic ties

    Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces,...

    President Xi Jinping thanked Sheikh Mohammed bin Zayed for attending the opening ceremony of the Olympic Winter Games

    Sheikh Mohammed attended a grand banquet hosted by the Chinese president to welcome the dignitaries from across the world

  • Iraq keen to benefit from Egypt: Central Bank Governor

    Iraq is keen to benefit from the Egyptian Investment Authority, the Governor of Iraq’s Central Bank Mustafa Ghaleb said on...

    Iraq’s Central Bank Governor Mustafa Ghaleb met Mohamed Abdel Wahab, CEO of the Egyptian General Authority for Investment and Free Zones

    Mustafa Ghaleb praised "the development witnessed by the Arab Republic of Egypt in all sectors, especially the business and investment sector"

  • Palestinian PM calls for Israel’s exclusion from African Union

    Palestinian prime minister Mohammed Shtayyeh has urged the African Union to withdraw Israel's observer status as heads of state from...

    The relationship with Israel is a rare point of contention for a body that values consensus and is expected to dominate the Addis Ababa summit

    The dispute erupted last July when Moussa Faki Mahamat, chair of the African Union Commission, accepted Israel's accreditation to the bloc

  • Saudi Crown Prince, Egypt’s al-Sisi attend Xi Jinping’s banquet

    Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi attend the banquet hosted by Chinese President...

    Dozens of dignitaries were treated to musical performances and a traditional handicrafts display alongside the meal at the Great Hall of the People

    This week's meetings are a striking change for Xi, who has avoided traveling abroad or meeting foreign visitors face-to-face since the start of the Covid-19 pandemic in 2020

  • Amman, Doha discuss creating job opportunities for Jordanians

    The meeting was participated by the ministers of education, higher education, tourism, interior, health, digital economy, investment etc.

    The meeting was participated by the ministers of education, higher education, tourism, interior, health, digital economy, investment etc

    It covered the linking of the Qatar platform with the Sajil platform in Jordan to hire thousands of Jordanians on the initiative of Emir of Qatar Sheikh Tamim bin Hamad Al Thani

  • Task Force explores options to ban trade with illegal Israeli settlements

    The Brussels-based European Coordination of Committees and Associations for Palestine (ECCP) is an “Inter-Parliamentary Task Force to Promote Palestinian Human...

    The Task Force heard from several speakers who have been leaders in pushing for legislative initiatives to limit or prohibit trade with illegal colonial settlements

    The international community opposes annexation and considers illegal settlements to be an obstacle to international peace and stability

  • US waives sanctions for Iran civil nuclear program

    The resumption of the waiver, ended by the Donald Trump administration in 2020, ‘would be essential to ensuring Iran's swift...

    The step came as talks to restore the 2015 Joint Comprehensive Plan of Action, or JCPOA, were at an advanced stage

    The talks, being held in Vienna, include Iran, the United States, Britain, China, France, Germany and Russia

  • GCC leaders witness KSA’s debut in Winter Olympics

    Key regional leaders were present as Saudi Arabia on Friday made its first appearance at the Winter Olympics after alpine...

    Saudi Arabia makes its first appearance at the Winter Olympics after alpine skier Fayik Abdi qualified to compete in Beijing 2022

    Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed attended the event

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