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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.
  • Lebanon looks to import gas from Egypt

    Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday.

    Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday

    Dr. Madboulyr informed Mikati that Egypt was preparing a shipment of medical and food aid to be sent to Lebanon by sea

  • Lebanon residents join migrant flow to EU as economy spirals

    Lebanon, a country of around 6 million people, is grappling with an unprecedented financial crisis that the World Bank says...

    Lebanon, in the throes of a brutal economic crisis, is no longer just a launchpad for Syrian refugees and other foreign migrants

    Its own desperate citizens now also risk drowning in the Mediterranean in their quest for a better life

  • Cross-border Syria aid gets 6-month extension without new UN vote

    For the West, the renewal to July had been interpreted as automatic, while Russia had raised the possibility of requesting...

    The text provided for "an extension of an additional six months, that is, until 10 July 2022," subject to a report by the UN Secretary-General

    The Security Council had previously renewed the authorization allowing aid into rebel-held areas in the country's northwest until 10 January 2022

  • Yemen pro-government troops capture oil-rich Shabwa

    The pro-government Giants Brigade, who are backed by the Saudis and the United Arab Emirates, announced in a statement the...

    The pro-government Giants Brigade, who are backed by the Saudis and the United Arab Emirates, announced in a statement the "liberation of the district of Ain"

    Yemen's civil war began in 2014 when the Huthis seized the capital Sanaa, prompting Saudi-led forces to intervene

  • GCC must heed IMF take on emerging economies

    The IMF's warning that developing nations are about to face what it called “economic turbulence” is bad news for the...

    GCC countries are depending on emerging nations to diversify their own economies

    With those economies now under a cloud, the GCC nations should choose their next steps carefully

  • UAE-Israel free trade deal likely by March: Envoy

    The two countries are on track to finish negotiations on a Free Trade Agreement by March or April, Israel's first...

    The success of relations with the UAE is pivotal to attract other countries to normalize ties with Israel, says Amir Hayek, Israel's first ambassador to the UAE

    Trade between the two countries increased nearly tenfold during the first 11 months of 2021

  • UAE warns public against flouting Covid-19 measures, spreading rumors

    The Federal Agency said that irresponsible behavior which derails UAE's anti-COVID steps will be punishable by law.

    The Federal Emergency Crisis and Disasters Prosecution says such actions are punishable under law.

    The prosecution urged community members and social media users to act responsibly when sharing or circulating COVID-19-related news.

  • Dubai provides more safeguards for people with special needs or disabilities

    Dubai has issued a law that seeks to include the people with special needs or disabilities---known as the people of...

    Dubai ruler Sheikh Mohammed issues new law that sets forth the rights of people with disabilities and the services that relevant entities should provide them.

    The law also outlines the tasks and responsibilities of government entities in implementing the law.

  • European Union says last seven years warmest on record globally

    The last seven years have been the hottest on record globally "by a clear margin", the European Union's climate monitoring...

    In its latest annual assessment, the Copernicus Climate Change Service (C3S) confirmed that 2021 had joined the unbroken warm streak since 2015.

    The annual average temperature was 1.1 to 1.2 degrees Celsius above pre-industrial levels, measured between 1850 and 1900, C3S said.

  • Iraq’s new parliament holds first session amid chaos

    Sunday saw the swearing-in of 329 members of the unicameral parliament and the re-election of influential Sunni MP Mohammed al-Halbussi...

    Sadr who once led an anti-US militia is expected to have the key say in who will serve as the next prime minister

    Iraq's post-election period has been marred by high tensions, violence, and allegations of vote fraud

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