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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.
  • Saudis near Yemen border learn to live with Houthi fire

    Houthi fire from Yemen this month on the UAE, traditionally a haven of security in a turbulent Middle East, stirred...

    Saudi defences have intercepted most of the Houthi missiles and drones targeting airports and oil infrastructure in retaliation for air strikes

    Two people were killed and seven wounded in late December in the first deadly Houthi-claimed strike in more than three years on Jizan

  • Iran nuclear talks requires ‘political decisions’

    Diplomats meet in the Austrian capital to revive the 2015 deal involving Iran, the United States, Britain, China, France, Germany...

    Restarting the latest round of talks to salvage the Iran nuclear deal apparently requires 'political decisions'

    The talks to rescue the faltering accord began in April 2021 and, after a five-month suspension, resumed in November

  • 5G fears: US airports land into trouble

    In the United States, the 5G usage near airports have been opposed by many airlines, which claim that it may...

    Canada adopts C-band technology, same as the US, but typically restricts hazardous signals near airports.

    Several Arab countries have already embraced 5G, and others will follow once they reap the financial benefits of selling licenses to telecom companies.

  • Iran protestors attack Afghan trucks over water rights

    Protesters in Iran's southeast attacked trucks belonging to Afghan drivers during a demonstration on Friday over water rights for a...

    Demonstrators from Sistan-Baluchestan province, which shares a frontier with Afghanistan, rallied at a border crossing to protest the issue concerning the Helmand River

    The Helmand flows from the Afghan province of the same name into Lake Hamoun, which straddles the Afghanistan-Iran border

  • Rockets target Baghdad airport, state-owned airways’ plane damaged

    Six rockets were fired Friday at the Iraqi capital's airport, causing damage but no casualties, security sources said, the latest...

    Recent months have seen rocket and drone attacks target the US embassy in Baghdad's high-security Green Zone.

    The US-led coalition ended its combat mission in Iraq in December, four years after the Baghdad government declared victory over ISIS.

  • IATA urges governments to accelerate lifting of travel restrictions

    The International Air Transport Association (IATA) urges urged governments to accelerate the relaxation of travel restrictions, saying evidence suggests a...

    IATA cites a study that says there is minimal impact of travel restrictions on controlling the spread of Omicron.

    The billions spent testing travelers would be far more effective if allocated to vaccine distribution or strengthening healthcare systems, says IATA director.

  • Italy, UAE discuss the digital revolution in healthcare sector

    With a medical devices industry turnover of Euro 17 billion, 4,400 companies and nearly 94,000 professionals, Italy is at the...

    With a medical devices industry turnover of Euro 17 billion, 4,400 companies and nearly 94,000 professionals, Italy is at the forefront of telemedicine

    The Innovation Talks are a platform to foster the dialogue between Italy and UAE initiated by the Embassy of Italy to the UAE last year

  • Rare Mideast snow brings joy and misery

    Snow carpeted Jerusalem and the eastern Mediterranean as a rare storm turned the Holy City into a winter wonderland but...

    The cold snap, which has already caused major disruption in Athens and Istanbul, saw heavy snowfall in areas better known for their summer heat.

    In crisis-hit Lebanon, refugees and Lebanese alike struggled to secure fuel for heating as severe weather blocked mountain roads and left Syrian refugees shivering in flimsy tents.

  • Kuwait Red Crescent Society, ICRC to support relief program for Rohingyas

    Kuwait Red Crescent Society and International Committee of the Red Cross will support and implement a relief medical program for...

    The agreement with ICRC supports the health, water and sanitation sectors, said Dr. Hilal Al-Sayer, chairman Kuwait Red Crescent Society.

    Through these joint efforts, thousands of people will receive vital humanitarian assistance, including health care.

  • US values the role Kuwait plays as advancer of peace: Antony Blinken

    US Secretary of State Antony Blinken affirmed that his country places "tremendous value" on the role that Kuwait plays as...

    Kuwait has been an indispensable bridge to try to resolve challenges in the region and even beyond, Blinken said.

    He said Kuwait has developed relationships with both Lebanon and Iraq, which is something US places tremendous value in.

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