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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.
  • Iran minister says nuclear talks nearing ‘good agreement’

    "The initiatives of the Iranian side and the negotiations that have taken place have put us on the right track,"...

    "The initiatives of the Iranian side and the negotiations that have taken place have put us on the right track," Hossein Amir-Abdollahian said

    Negotiations to restore the nuclear deal resumed in late November after they were suspended in June as Iran elected a new, ultraconservative government

  • Gulf ministers visit China amid energy fears

    The officials from Saudi Arabia, Kuwait, Oman and Bahrain, as well as secretary general of the Gulf Cooperation Council (GCC)...

    The officials from Saudi Arabia, Kuwait, Oman and Bahrain, as well as secretary general of the GCC Nayef bin Falah al-Hajrah, will be in China until Friday

    Recent unrest in oil and gas-rich Kazakhstan has raised concerns in China, which has long invested heavily in its central Asian neighbour's energy industry

  • 23 acts from Sydney Festival withdrawn over Israeli funding

    A letter titled with 'Do Better on Palestine' called out the Sydney festival organizers to undo its partnership with the...

    At least 23 performers confirmed to have withdrawn from Sydney Festival over Israeli sponsorship of the event

    Israel embassy in Australia made a $20,000 donation to support an Israeli choreographer

  • UAE, Norway discuss cooperation, eye better relations

    The UAE and Norway have discussed cooperation in relations between the two countries, said local media reports. The UAE Minister...

    The two sides reviewed a number of issues related to the work program of the UN Security Council, which is chaired by the Kingdom of Norway this month.

    The UAE Foreign Minister and the Norwegian counterpart also discussed the developments of the COVID-19 pandemic and the efforts to contain the virus.

  • UAE launches Joint Emirates Shield exercise to boost defense capabilities

    Abu Dhabi, UAE - The UAE Ministry of Defense announced today the launch of the 'Joint Emirates Shield / 50'...

    The exercise is part of a series of operational drills slated for 2022 and aims to boost the combat readiness of the UAE Armed Forces' major units.

    The organization of the "Joint Emirates Shield / 50" aim to consolidate the combat readiness of the UAE Armed Forces to defend the land, naval and air borders of the UAE

  • Saudi, UAE, US, UK welcome efforts to resolve Sudan crisis

    Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States of America have welcomed the announcement that...

    The four countries hailed the UN Interim Transition Assistance Mission's facilitation of discussions.

    The Quad said they look forward to this being a results-oriented process that will guide the country towards democratic elections.

  • Concern grows for Palestinian teenager held by Israel

    Palestinian teenager Amal Nakhleh's first name means "hope" in Arabic, but his parents are in despair because he is chronically...

    Israeli authorities accuse Nakhleh Amal of throwing stones at soldiers and have held him for a year in administrative detention.

    Administrative detention has been criticized by the Palestinians, human rights groups and foreign governments, who charge that Israel abuses it.

  • Iran allegedly smuggling weapons to Yemen: UN

    The deputy information minister of Yemeni rebel group denied smuggling of weapons from Iran.

    UN found seized thousands of weapons in the Arabian Sea likely came from Iran

    Teheran has dismissed the accusation saying that the weapons were not sold or transported to Yemen

  • Saudi coalition accuses Yemen rebels of militarizing sea ports

    The coalition said the rebels are using two Red Sea ports for military purposes, after the Huthis seized an Emirati-flagged...

    The coalition has been fighting for nearly seven years in support of Yemen's internationally-backed government against the Huthis

    The alliance has lately stepped up its accusations against the rebels and Iran, alongside an escalation in fighting

  • Turkey urges restraint before US-Russia talks to quell tension

    Turkey Saturday warned against "provocative acts" ahead of talks between Russia and the United States next week to quell tensions...

    NATO, of which Turkey is a member, has warned of real risks that Russia will invade Ukraine after Moscow amassed tens of thousands of troops on the Ukrainian border

    High-ranking American and Russian diplomats will meet on Monday in Geneva after Moscow laid down a list of demands for Washington and NATO

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