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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.
  • Libya parliament sets date to replace PM

    Libya's parliament announced Monday it would meet next week to pick a replacement for interim Prime Minister Abdelhamid Dbeibah. The...

    The UN has been helping move the North African country past a decade of chaos following the 2011 NATO-backed uprising that toppled dictator Moamer Kadhafi

    Dbeibah's government had a mandate to lead the country to December 24 elections -- in which he was a candidate despite having committed to not running

  • Committed to two-state solution, US tells Palestine

    US Secretary of State Antony Blinken spoke with Palestinian Authority President Mahmoud Abbas on Monday, January 31.

    The two parties discussed the importance of strengthening the US relationship with the Palestinian Authority

    They also discussed the need to improve the quality of life for Palestinians in tangible ways

  • US condemns missile attack on the UAE

    The United States has condemned the Houthi missile attack on the UAE. On Monday morning, the UAE air defense forces...

    The Ministry of Defense said in a statement that "there were no casualties resulting from the attack, and the fragments of the ballistic missile fell outside of populated areas"

    "We condemn the latest Houthi missile attack on Abu Dhabi," tweeted Edward Price, the Spokesperson for the US Department of State

  • Emir of Qatar to meet US President in Washington

    US President Joe Biden will build on attempts to ensure energy back-up for European allies when he hosts Qatar's emir...

    Sheikh Tamim bin Hamad al-Thani will be the first Gulf state leader to visit Biden since he became president just over a year ago

    In addition to meeting Biden, the sheikh will meet with Defense Secretary Lloyd Austin, Secretary of State Antony Blinken, members of Congress and other officials

  • Lebanon busts 17 suspected Israeli ‘spy networks’ during crackdown

    Lebanon said Monday it had busted at least 17 suspected Israeli spy networks, in one of the largest nationwide crackdowns...

    Information minister Abbas Halabi said the rings operated both "locally and regionally, without elaborating.

    Between April 2009 and 2014, Lebanese authorities detained more than 100 people accused of spying for  Israel.

  • Bahrain first to receive newest Lockheed Martin F-16 simulators

    Bahrain will receive F-16 simulators produced by Lockheed Martin to train pilots for national defense missions under a new agreement,...

    Bahrain was the first country in the Gulf region to acquire the F-16 and the first in the world to procure the advanced F-16 Block 70.

    To date, more than 4,500 F-16s have been produced, with approximately 3,000 F-16s operating today in 25 countries.

  • High gas prices to hit demand in 2022: International Energy Agency

    IEA said the demand for natural gas is expected to fall sharply in Europe and slow in Asia. Gas demand...

    Consumption grew by 4.6 percent last year, more than double the decline experienced as the pandemic emerged in 2020, said the agency.

    How demand will fare in the short-term will depend on the weather during the northern hemisphere's heating season, the IEA said in a report.

  • Oman, Finland explore boosting trade, investment cooperation

    The meeting explored the available opportunities in the two countries, particularly in the fields of tourism, industry, research, mining and...

    The meeting explored the available opportunities in the two countries, particularly in the fields of tourism, industry, research, mining and economic diversification sectors

    An agreement of cooperation was signed by companies from both countries, which will contribute in the transfer of knowledge and grooming the skills of Omani youth

  • UAE intercepts, destroys ballistic missile launched by Houthis

    The UAE Ministry of Defence gas confirmed there were no casualties resulting from the attack and the fragments of the...

    The attack comes exactly a week after missiles launched by the Houthi in Yemen targeted the UAE and Saudi Arabia

    It also comes exactly two weeks after at least three people were killed in a Houthi attack on the UAE capital of Abu Dhabi

  • Bahrain foreign minister, Turkish counterpart discuss ties

    Dr. Al Zayani welcomed his Turkish counterpart, praising the friendly relations between the two countries.

    Dr. Al Zayani welcomed his Turkish counterpart, praising the friendly relations between the two countries

    Çavuşoğlu hailed the friendly relations between the two countries, stressing the keenness of Turkey to improve relations and cooperation

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