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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.
  • Kuwaitis told to avoid European travel over Omicron surge

    Kuwait has called on its citizens to avoid travel to several European countries hit hard by the Omicron coronavirus variant....

    The oil-rich Gulf state also urged Kuwaitis already there to return home because of the surge in cases on the continent.

    Europe has in the past few months again become the pandemic's epicentre and is battling an upsurge of cases spurred on by the highly transmissible Omicron strain.

  • Sudan PM resigns as deadly crackdown on protests continue

    Abdalla Hamdok, a former UN official and Prime minister of Sudan, resigned just six weeks after being reinstated.

    Sudan’s PM resigned two months after a coup following another deadly crackdown on pro democratic protestors

    57 people demanding a civilian government have been killed in protests which were become regular since the coup

  • Several Gulf countries renew weather advisories after heavy rains

    Authorities in several Gulf countries renewed weather warnings on Sunday as several days of heavy rains batter the usually arid...

    In Sharjah, pedestrians and vehicles were caught up in brown-colored water.

    The Saudi civil defense warned that moderate to heavy rain was expected to continue in several regions. 

  • UAE bans travel for unvaccinated citizens from Jan 10

    Travel is permitted for non-vaccinated citizens, if the cases include medical exemption from taking the vaccine, humanitarian cases, and individuals...

    The announcement follows the UAE’s vision in the recovery phase of the pandemic and enhancing national efforts in all sectors

    This is being done to ensure that health and safety are prioritized by the leadership and the country's proactive efforts to confront COVID-19

  • Grave violations surge against children in conflict: Unicef

    Unicef Director Henrietta Fore said “parties to conflict” have continued to “demonstrate a dreadful disregard for the rights and wellbeing...

    In October, Unicef said around 10,000 children had been killed or maimed in Yemen since fighting escalated in March 2015

    Meanwhile, the Middle East and North Africa, in the first 6 months of 2021, saw the highest number of verified attacks on schools and hospitals

  • Thousands rally in Iraq to mark 2020 killing of Iran general

    Iranian general Qasem Soleimani and Hashed commander Abu Mahdi al-Muhandis were killed in a US drone strike outside Baghdad airport...

    Iraq marks the second anniversary of General and his Iraqi lieutenant death in a US drone strike, rallied against US

    Former US president Donald Trump ordered the strike that killed Soleimani, saying it was for attacks on US interests in Iraq

  • Turkish-Armenian writer to be deported after arrest in Greece

    The writer was jailed in Turkey in 2014 on charges of illegal construction, which he claims were punishment for his...

    A prominent Turkish-Armenian writer living with temporary permit in Greece after fleeing a Turkish prison faces deportation

    The blogger had been convicted in Turkey of blasphemy over a 2012 blog defending an anti-Islam film

  • Russia, Iran eye trade and economic collaboration

    Russian President Vladimir Putin has invited Iran’s President Ebrahim Raisi in Moscow for discussion over expanding strategic cooperation.

    A treaty on mutual relations and principles of cooperation between Iran and Russia turned 20 on March 12, 2021

    The diplomatic apparatus of Russia and Iran described the treaty as a turning point in both countries’ relationship

  • US pledges $99 million to cash-strapped UNRWA

    Last week, a top UNRWA official said long-running budget shortfalls had forced the agency to introduce austerity measures.

    The UN agency is suffering an unprecedented financial shortfall

    It has already called on donors for long-term funding to continue working

  • UN asks Yemen govt to add new equipment to Sanaa airport

    Flights into the rebel-held capital Sanaa have been largely halted by a blockade since August 2016, but there have been...

    Yemen has been wracked by civil war since 2014, with the government supported by the Saudi-led coalition

    On the other side are the Iran-backed Houthi rebels, who control much of the north, and reopened the airport on December 27

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