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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.
  • Museum pulls Arafat caricatures after outrage

    The 35-piece exhibit at the museum in the Israeli-occupied West Bank, faced immediate backlash after it was installed on Sunday....

    Activists from Fatah, the Palestinian movement Arafat founded, demanded an investigation into how the images came to be displayed.

    In a statement, the museum insisted the images were merely artistic impressions of a revered Palestinian leader.

  • Ras Al Khaimah to allow ‘gaming’ at upcoming resort in Marjan

    The emirate of Ras al-Khaimah on Tuesday announced a multibillion-dollar deal with casino giant Wynn Resorts and said it will...

    The emirate announced a multibillion-dollar deal with casino giant Wynn Resorts, but did not elaborate on 'gaming', a euphemism for gambling in the US.

    Ras Al Khaimah Tourism Development Authority said a new gaming division would require “compliance with all applicable laws and regulations".

  • Houthi rebels lose a key district days after UAE attack

    Yemen's Houthi rebels were driven out of a key district by the United Arab Emirates-trained Giants Brigade, the militia said...

    The Iran-backed Houthis lost Harib district south of Marib, the strategically vital northern city they have been fighting to topple for months

    The Giants Brigade said "hundreds were killed and wounded on both sides" in battles that lasted for more than two weeks

  • Iran ready for ‘direct’ nuclear talks with US

    The US said multiple times it was ready to hold direct talks, and now Iran's foreign minister has also said...

    Iran open to direct nuclear negotiations with the US, which declared itself ready to hold talks "urgently" on 2015 nuclear accord

    Iran's supreme leader Ayatollah Ali Khamenei said earlier that negotiating with the 'enemy' does not mean surrendering

  • Saudi finance minister calls for GCC cooperation

    Saudi Arabia's finance minister, Mohammed bin Abdullah Al-Jadaan, has stressed the need for the promotion of the joint Gulf action,...

    During the meeting, the ministers reviewed the progress made on issues related to strengthening the financial and economic cooperation among the GCC states

    The meeting was chaired by the Minister of Finance, Chairman of the current session, Mohammed bin Abdullah Al-Jadaan

  • Saad Hariri, former PM of Lebanon, quits politics

    Former Lebanese prime minister Saad Hariri announced Monday he would not run in upcoming parliamentary elections and was withdrawing from...

    The Sunni Muslim leader said he was "suspending his work in political life" and urged fellow members of his Future party to leave the political arena

    A tearful Hariri, who was first elected to parliament in 2005, also announced he would not run in the legislative polls due in May

  • WHO chief says how World can end Covid emergency this year

    The countries need to work harder to ensure equitable access to vaccines and treatment, track the virus and its emerging...

    Since the Omicron strain was first detected in southern Africa nine weeks ago, Tedros said 80m cases had been reported to the WHO -- more than in all of 2020.

    Half of the WHO's 194 member states missed the previous target of vaccinating 40 percent of their people by end-2021.

  • Taliban, Western envoys meet for Oslo talks

    A Taliban delegation headed by Foreign Minister Amir Khan Muttaqi is meeting representatives of the US, France, Britain, Germany, Italy,...

    The closed-door discussions, facilitated by Norway, are being held at the Soria Moria Hotel, on a snowy hilltop outside Oslo

    The Taliban met with Afghan civil society members, including women activists and journalists during the first day of the Norway visit

  • Houthi militia launch missile attacks on UAE and Saudi Arabia

    The UAE air defense forces have intercepted and destroyed two ballistic missiles targeting the country, the Ministry of Defense announced...

    The UAE Ministry of Defense confirmed that there were no casualties resulting from the attack

    However, the attack in Saudi Arabia led to two expatriates sustaining minor injuries

  • Palestine minister holds first meet with Israel foreign minister

    This was the first such encounter between the Jewish state's current foreign minister and a Palestinian official. The Israeli foreign...

    In late December, Israeli Defense Minister Benny Gantz hosted talks with Mahmud Abbas on the latter’s first visit to Israel since 2010

    At that time, Israel's defense ministry announced ‘confidence-building measures’ with the Palestinian Authority

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