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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.
  • Saudi Arabia to begin housing and population census on 9 May

    Saudi Arabia will begin housing and population census on 9 May 2022, according to Minister of Economy and Planning Faisal...

    The census is conducted by General Authority for Statistics every 10 years.

    This will be the first census to make use of satellite imagery to ensure more comprehensive coverage of the country’s regions.

  • Jordan PM Al-Khasawneh meets the CEO of NEOM

    Al-Khasawneh stressed the establishment of investments and joint projects in a way that contributes to addressing and responding to the...

    Al-Khasawneh stressed the establishment of investments and joint projects in a way that contributes to addressing and responding to the challenges of climate change

    The CEO of the Saudi "NEOM" company stressed pursuit of serious and real cooperation with Jordan to move forward with the implementation of economically feasible projects

  • More than 200 new species found in Mekong region: WWF

    Scientists discovered more than 200 new species across the greater Mekong region in 2020, according to a WWF report, despite...

    The finds include a new primate, a colorless cavefish and an iridescent snake with an unusual non-overlapping pattern of scales.

    The greater Mekong region, with landscapes ranging from jungles to mountains and karst formations, is a hugely important biodiversity hotspot.

  • Federation of Saudi Chambers calls for better Arab-Russia trade relations

    Chairman of the Federation of Saudi Chambers (FSC) Ajlan Al-Ajlan has called for preparing a roadmap to enhance economic relations...

    Chairman of the Federation of Saudi Chambers Ajlan Al-Ajlan recommends establishment of joint companies and an e-platform to promote Russian and Arab products.

    Al-Ajlan also stressed the importance of overcoming financial and banking obstacles and stimulating Russian banks to open branches in Saudi Arabia.

  • Israeli president to visit Turkey in February: Erdogan

    Israeli President Isaac Herzog will pay an official visit to Turkey in February, Turkish leader Recep Tayyip Erdogan announced on...

    In recent months, however, the two countries have been working on a rapprochement, with Erdogan holding telephone talks with Herzog

    Relations between Turkey and Israel froze over after the death of 10 civilians in an Israeli raid on a Turkish flotilla in 2010

  • Iran arrests 17 for filming candid camera horror pranks

    Iranian police have arrested 17 university graduates on suspicion of filming candid camera horror pranks that boosted their social media...

    Gags included mock murders and a suicide as well as throwing cakes in the faces of passengers on the escalators of the Tehran metro

    The author of the gag filmed on the Tehran metro was open about his motives

  • Riyadh, Bangkok restore ties years after gem theft

    Riyadh and Bangkok restored their diplomatic relation broken over jewel theft by a Thai-born janitor who stole $20 million worth...

    Saudi Arabia and Thailand have announced they re-established their diplomatic relations, decades after a jewel theft from a Saudi palace

    The move is the result of long-standing efforts at different levels to re-establish mutual confidence and friendly relations, they said in a joint statement

  • Qatar emir to meet with Biden in Washington Jan 31: W.House

    Qatar, a close US ally, has huge gas reserves and is the world's biggest exporter of liquefied natural gas. Biden...

    Biden and the Gulf state leader will discuss security in the Middle East and "ensuring the stability of global energy supplies."

    The meeting comes as Washington and its European allies are seeking to shore up energy contingency plans should Russia squeeze supplies due to tensions with the West over Ukraine

  • Saudi Arabia, Romania sign wide-ranging defense agreement

    Saudi Arabia and Romania signed on Tuesday a defense cooperation agreement that covers training, exchange of expertise, technologies, developing communications...

    The pact includes training, exchange of expertise, technologies and developing communications systems.

    The agreement is in line with the two sides’ commitment to promote and encourage international peace, media reports said.

  • American companies willing to invest in Tunisia: Ambassador Blome

    A number of US companies are willing to invest in basic infrastructure and logistics to support Tunisia's efforts in this...

    Tunisian Transport Minister Rabii Majidi expressed the will to further strengthen cooperation with the United States.

    Both parties exchanged views on the draft bilateral agreement in the field of air transport. The US ambassador urged stepping up talks to materialize this agreement.

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