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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.
  • UN calls for release of UAE-flagged ship seized by Yemen rebels

    The Saudi-led military coalition backing Yemen's internationally-backed government against the rebels said the Rwabee was returning from a mission to...

    The Saudi-led military coalition backing Yemen's internationally-backed government against the rebels said the Rwabee was returning from a mission to set up a field hospital

    The Iran-backed Huthis released images of what they said were military jeeps and weapons on board the vessel, which was captured off the key rebel-held Red Sea port of Hodeida

  • Tunisians defy ban on gatherings to protest against president in capital

    As the country marks 11 years since the late dictator Zine El Abidine Ben Ali fled into exile, police deployed...

    President Kais has since virtually ruled by decree, to the outrage of his opponents, including the powerful Islamist-inspired Ennahdha party

    Ennahdha supporters have compared Saied to Egyptian President Abdel Fattah al-Sisi, whose crackdown on Islamist demonstrators in 2013 left hundreds dead

  • EU foreign policy chief says renewed nuclear deal with Iran ‘possible’

    EU foreign policy chief Josep Borrell said Friday that a renewed deal with Iran on curtailing its nuclear program remained...

    The 2015 deal -- agreed by Iran, the US, China, Russia, Britain, France and Germany -- offered Tehran sanctions relief in exchange for curbs on its nuclear program.

    US president Donald Trump withdrew the US in 2018 and reimposed biting sanctions, prompting Tehran to begin rolling back on its commitments.

  • 10 injured in fire at Kuwait’s largest refinery, operations unaffected

    A fire at a gas liquefaction unit in Kuwait's largest refinery Friday left 10 people injured before it was put...

    The blaze "erupted during maintenance work" on the unit at Mina al-Ahmadi refinery, 40 kilometers south of Kuwait City.

    Five of the injured were hospitalized with severe burns. Firefighters were mobilized and had extinguished the blaze.

  • UAE and Brazil aim to boost strategic alliance

    The UAE and Brazil have reiterated their resolve to boost bilateral relations in the light of the strategic partnership between...

    Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Brazil's Minister of Foreign Affairs Carlos Franca reviewed the relations

    The two discussed the situation in the region in addition to issues of interest, including ways of supporting the international efforts to address the impact of COVID-19 pandemic

  • Morocco backs UN talks on Western Sahara as new envoy visits

    Staffan de Mistura, a former UN envoy to Syria, met the North African kingdom's top diplomat Nasser Bourita in Rabat,...

    Staffan de Mistura, a former UN envoy to Syria, met the North African kingdom's top diplomat Nasser Bourita in Rabat, the foreign ministry said

    De Mistura is later expected to visit Morocco's arch-rival Algeria, which backs the Polisario Front seeking independence in Western Sahara

  • US says only ‘a few weeks left’ to save Iran nuclear deal

    Talks to restore the 2015 accord between Tehran and world powers -- United States, France, Britain, Russia, China, and Germany...

    According to Secretary of State Antony Blinken, Tehran has made nuclear advances that "will become increasingly hard to reverse

    The 2015 deal offered Iran much-needed relief from sanctions that have crippled its economy, in return for curbs on its nuclear program

  • China wants greater GCC role in global, regional affairs

    GCC Secretary-General Naif Falah Al-Hajraf and Chinese State Advisor and Minister of Foreign Affairs, Wang Yi, also agreed on a...

    In a joint statement, the Chinese side is said to have praised the GCC’s achievements since its inception 40 years ago

    The two sides concurred on the completing negotiations on the free trade agreement between the GCC and China as soon as possible

  • DEWA invites people to live coverage of its nanosatellite launch

    The U3 nanosatellite was designed and developed at DEWA’s R&D Centre

    The satellite will be launched by SpaceX Falcon 9 rocket from Cape Canaveral Space Launch Complex (SLC-40) in Florida, USA.

    MD & CEO of DEWA Saeed Mohammed Al Tayer will attend the launch along with officials from DEWA, SpaceX, and NanoAvionics.

  • EU expects more GCC investors for its special program: Official

    On 12th October 2021, the European Commission issued its first-ever NextGenerationEU green bond

    The program is a temporary recovery instrument to help Europe repair the immediate economic and social damage brought about by COVID-19.

    Since June 2021, the European Commission has rolled out five issuances and raised around €71 billion in long-term EU-Bonds, and short-term EU-Bills

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