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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.
  • Turkish Cypriots head to polls amid economic crisis

    The self-proclaimed Turkish Republic of Northern Cyprus (TRNC) has been hit hard by the Covid pandemic and the plummeting value...

    The self-proclaimed Turkish Republic of Northern Cyprus (TRNC) has been hit hard by the Covid pandemic and the plummeting value of the Turkish lira

    Analysts said there has been a lack of interest in the poll among some 204,000 voters who were "concerned primarily with their health, safety and economic welfare"

  • Fighting erupts in Syria between IS and Kurdish forces

    Fighting raged for a third day Saturday between the Islamic State group and Kurdish forces in Syria after IS attacked...

    The assault on the Ghwayran prison in the northern city of Hasakeh is one of IS's most significant since its "caliphate" was declared defeated in Syria

    IS launched the attack on Thursday night against the prison housing some 3,500 suspected members of the jihadist group

  • Germany to offer €100m loan to reform Tunisian banking sector

    This disbursement is part of a loan agreement signed in 2020 between Tunisia and the German Development Bank to improve...

    This disbursement is part of a loan agreement signed in 2020 between Tunisia and the German Development Bank to improve access to financing for SMEs

    German Ambassador to Tunisia Peter Prüge said that the decision to give loan was taken in view of the roadmap for restoration of democracy prepared by Tunisian President Kais Saied

  • Saudi Arabia denies targeting Yemen prison

    The spokesman of Saudi led coalition also said the facility was not on the OCHA no-target list.

    The Saudi-led coalition has denied the allegations of Iran-backed Houthi rebels on the coalition targeting a detention center in Yemen

    The coalition will share the facts and details of strike with OCHA and ICRC, as well as the media misinformation exhibited by Houthi military

  • GCC, EU hold 4th Trade and Investment Dialogue

    The dialogue discusses the new developments in trade and investment exchange.

    The dialogue discusses the new developments in trade and investment exchange

    The two sides also discussed the cooperation in regulatory aspects and commercial laws

  • US sanctions Hezbollah-affiliated international network

    The US State Department announced in a statement that "Adnan Ayad, Jihad Adnan Ayad, Ali Adel Diab, and 10 companies...

    The US State Department announced in a statement that "Adnan Ayad, Jihad Adnan Ayad, Ali Adel Diab, and 10 companies are designated under Executive Order 13224.”

    The statement added that “these financial facilitators have helped terrorist Hezbollah obtain funds through networks of companies that disguise themselves as legitimate businesses”

  • Islamic State launches twin attacks in Syria and Iraq

    The Islamic State group on Friday attacked a Syria prison housing fellow jihadists and a military base in Iraq in...

    In Syria, an ongoing IS attack on a northeast Syria detention facility holding the largest number of IS suspects killed at least 20 Kurdish security forces

    The attack marked the jihadists' deadliest operation in Iraq this year

  • UAE, Turkey to ink new agreements during Erdogan’s visit: official

    The UAE and Turkey are expected to sign new agreements and "renew previous commitments" during the upcoming visit of the...

    In the first ten months of 2021, bilateral trade between the two countries reached US$6.4 billion

    The UAE is also an important investor in Turkey and ranks second among the GCC countries

  • Tunisia president Saied says freedoms ‘guaranteed’

    Saied said he "affirms that freedoms are guaranteed in Tunisia,” recalling his commitment to equality before the law and his...

    Saied said he "affirms that freedoms are guaranteed in Tunisia,” recalling his commitment to equality before the law and his rejection of violence"

    Civil society groups have expressed fears of a return to authoritarianism in the only democracy to have emerged from the Arab Spring protests

  • ILO selects Qatar as member of fair recruitment panel

    Qatar is one of the five countries the ILO has as a member of the Advisory Committee of its Fair...

    The selection of Qatar as a member of the committee reflected its progress in promoting fair employment, said official sources

    It also demonstrated Qatar’s commitment to labor migration and fair recruitment through a human rights-based approach, they added

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