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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.
  • UAE to receive help from France to secure its airspace

    France said Friday it will help its ally the United Arab Emirates secure its airspace following drone and missile attacks...

    The UAE announced the interception and destruction on Wednesday of three "hostile drones", which follows three previous drone and missile attacks claimed by Yemen's Houthi rebels

    The UAE's staunch ally the United States has deployed a warship and fighter planes to help protect the Middle East financial and leisure hub

  • Beijing Olympics opens amidst rights concerns, Covid, diplomatic boycotts

    China's President Xi Jinping declared the Beijing Winter Olympics open Friday as China tried to turn the page on a...

    The US, Britain, Canada and Australia are among countries staging a diplomatic boycott of the Games over China's rights record, particularly the fate of the Uyghurs.

    There are also environmental concerns about holding a Winter Games in one of the driest places in China and on almost entirely man-made snow.

  • Denmark court convicts Iranians of spying for Saudi Arabia

    A Danish court on Friday convicted three leaders of an Iranian Arab separatist group based in the Scandinavian country of...

    The three, aged 40 to 51 and one of whom is a Danish citizen, are members of the separatist organization ASMLA (Arab Struggle Movement for the Liberation of Ahvaz)

    Their sentencing will be announced in March. They face up to 12 years in prison

  • Bahrain makes second booster jab available for people aged 60 and above

    Bahrain has made a second Covid-19 booster shot available by choice for adults aged 60 years and above and frontline...

    Health authorities say an individual may receive any vaccine as a second booster shot, three months after receiving the first booster shot.

    Eligible individuals need not book an appointment but can head straight to designated vaccine centers.

  • Iran FM hopes Iran-Saudi cooperation will solve Islamic world issues

    Iran's Foreign Minister Hossein Amirabdollahian expressed hope that interaction between Iran and Saudi Arabia will help solve regional and Islamic...

    He made the remarks during a phone conversation on Thursday with the Secretary General of the OIC Hussein Ibrahim Taha

    Taha welcomed reopening of Iran's office in Jeddah and Tehran's active participation in the OIC

  • Shadowy militant group claims latest UAE drone attack

    Alwiyat al-Waad al-Haq (True Pledge Brigades), which is believed to have ties with pro-Iran armed factions in Iraq, said it...

    Alwiyat al-Waad al-Haq (True Pledge Brigades), which is believed to have ties with pro-Iran armed factions in Iraq, said it launched four drones at dawn on Wednesday

    The UAE announced the interception and destruction on Wednesday of three "hostile drones", which follows three previous drone and missile attacks

  • UAE-trained Giants put brakes on Yemen’s Houthi rebels

    The Giants Brigades was established in 2015 on Yemen's western coast after the Saudi-led coalition's intervention that same year.

    The UAE, a member of the coalition with strong influence in southern Yemen, began funding, training, and arming the Giants

    This made them a critical component of the Emirati-backed Security Belt force tasked with protecting the south

  • UAE-Bahraini Light-1 CubeSat launched into orbit from ISS

    The UAE-Bahraini Light-1 CubeSat was successfully launched into orbit from the International Space Station, in cooperation with the Japan Aerospace...

    Light-1 CubeSat is a collaborative initiative of the UAE Space Agency, Bahrain’s National Space Science Agency, Khalifa University of Science and Technology, and NYU Abu Dhabi.

    The Light-1 CubeSat represents the region’s first scientific mission to monitor and study Terrestrial Gamma-ray Flashes (TGFs) from thunderstorms and lightning.

  • Israel signs defense agreement with Bahrain in Gulf first

    Defense Minister Benny Gantz, making his first visit to Bahrain, said the memorandum of understanding, that covers intelligence, procurement and...

    Gantz toured the guided missile destroyer USS Cole, which is set to make its way to Abu Dhabi to help defend the UAE.

    The US base in Bahrain lies just across the Gulf from Iran. The waters are crossed by hundreds of oil and cargo vessels every day.

  • South Africa tax authority uncovers $1.8 bn gold scam: report

    South Africa's tax authority has uncovered a 1.8-billion-dollar gold scam, in which coins and jewelry were illegally smelted into gold...

    Coins and jewelry were illegally smelted into gold bars for sale overseas, the amaBhungane Centre for Investigative Journalism said.

    Sale of gold within South Africa carries a tax, but gold exports do not. So the companies created fake invoices to claim that they had paid tax.

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