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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.
  • Israel govt seeks ‘compromise’ as Bedouin protest Negev ‘land grab’

    Bedouin, who are part of Israel's 20 percent Arab minority, have long opposed tree-planting initiatives in the Negev, blasting them...

    The latest unrest in the decades-long dispute has attracted fresh attention given the make-up of Israel's coalition government, led by right-wing Prime Minister Naftali Bennett. 

    Bennett's government counts on backing from the leader of the Raam party, Mansour Abbas, whose core political support comes from Bedouin in the Negev. 

  • Saudi Arabia and Tunisia sign energy agreement

    The MoU encourages holding joint seminars and training courses on renewable energy, energy efficiency and conservation.

    The MoU covers the fields of renewable energy, energy efficiency and conservation, and includes cooperation on management of renewable energy

    The MoU aims at exchanging information and expertise between the two countries in these areas through related research and studies as well

  • DEWA officials visit US to strengthen ‘joint relations’

    Led by Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), a group of DEWA...

    Al Tayer’s delegation included Waleed bin Salman, Executive Vice President of Business Development and Excellence, Marwan bin Haidar, Executive Vice President of Innovation

    The delegation visited the Kennedy Space Center, which is operated by the National Aeronautics and Space Administration (NASA)

  • Iran proposes ‘Joint Economic Union’ with Latin American countries

    Iran has said there is a possibility of establishing a 'Joint Economic Union' with Latin American countries, particularly with Cuba,...

    Iranian Vice President for Economic Affairs Mohsen Rezaei put forward the proposal in his meeting with the Cuban President Miguel Mario Diaz-Canel Bermudez.

    President Diaz emphasized the need for expansion of comprehensive cooperation with Iran.

  • UAE and Nepal to boost ties in areas of common interest

    Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, has discussed with Krishna Prasad Dhakal, Ambassador of Nepal to...

    During the meeting held at the ministry in Abu Dhabi, Al Awar stressed the importance of strengthening relations between the UAE and Nepal in areas of common interest

    The Nepalese ambassador, in turn, lauded the measures and initiatives implemented by the UAE government to confront the repercussions of the COVID-19 pandemic

  • Abbas meets al-Sisi, discusses bilateral cooperation

    The two met on the sidelines of the 4th edition of the World Youth Forum being held in Egypt's Red...

    The two met on the sidelines of the 4th edition of the World Youth Forum being held in Egypt's Red Sea resort city of Sharm El-Sheikh

    Abbas briefed Al-Sisi on the latest developments in the Palestine-Israel conflict and human rights violations against the Palestinian people in the occupied territories

  • Jordan-US discuss bilateral cooperation, strategic partnership

    Jordan Foreign Minister Ayman Safadi held talks with state department officials on the new MoU on the strategic partnership between...

    Jordan Foreign Minister Ayman Safadi held talks with state department officials on the new MoU on the strategic partnership between the two countries

    Safadi is scheduled to meet with US Secretary of State Anthony Blinken, a number of senior US administration officials from the State Department

  • Iran nuclear talks proceeding too slowly, says France

    On Monday Iran's foreign ministry spokesman had said that efforts to revive 2015 nuclear agreement had made "good progress."

    On Monday Iran's foreign ministry spokesman had said that efforts to revive 2015 nuclear agreement had made "good progress"

    The 2015 deal offered Tehran sanctions relief in exchange for curbs on its nuclear programme

  • Sharaka and UK Abraham Accords Group sign agreement

    Leaders of the UK Abraham Accords Group and Sharaka will sign a cooperation agreement at a private event at the...

    Dr. Fox is leading a delegation of British MPs to see first-hand the impact Abraham Accords is making on trade and industry, religious and cultural cooperation

    The UK Abraham Accords Group and Sharaka will work to identify influencers from the Abraham Accords countries in the media, society, academia, business, and other fields

  • Covid and its effects continue to pose threat to world: WEF risks report

    The Global Risks Report 2022 released by the World Economic Forum said vaccine inequality and a resultant uneven economic recovery...

    In the poorest 52 countries—home to 20 percent of the world’s people—only 6 percent of the population had been vaccinated so far.

    By 2024, developing economies (excluding China) will have fallen 5.5 percent below their pre-pandemic expected GDP growth,

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