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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.
  • Finland provides $2.27m to fund Palestinians’ hospital referrals

    Finland will give €2 million ($2.27 million) to the Palestinian Authority to support the payment of medical referrals to East...

    This contribution will be channeled through the EU Program of Direct Financial Support to the Palestinian Authority’s PEGASE mechanism

    The aid will help the Palestinian Authority meet its obligations towards East Jerusalem hospitals

  • WHO says Omicron risk ‘very high’ after Covid cases rise by 11 percent

    Omicron is behind rapid virus spikes in several countries, including those where it has already overtaken the previously-dominant Delta variant,...

    Further data was needed to understand Omicron's severity in terms of clinical markers, including the use of oxygen, mechanical ventilation and death, WHO said.

    The highest numbers of new cases were reported from the United States, Britain, France and Italy.

  • Israel strikes suspected Hamas military sites in Gaza, injuring 2

    Israel shelled suspected Hamas military sites in Gaza Wednesday after gunfire from the Palestinian enclave wounded an Israeli civilian, security...

    The incident coincides with the final day of military drills by armed factions in Gaza.

    Since a fragile ceasefire came into force in late May, only five rockets or mortar rounds have been fired from Gaza towards Israeli territory.

  • Arab Parliament reiterates call for a free Palestinian nation

    The Arab Parliament has praised the results of the trilateral summit which was held on September 2 in Cairo between...

    The Parliament praised the outcomes of a trilateral meeting held in Cairo on September 2, 2021

    Arab parliament has called global community and the Quartet of the Middle East to offer real support and assistance for Palestine and its people.

  • US condemns Houthis’ attacks on Saudi, calls group a threat

    The United States has condemned the Houthis' continuous attacks on the Kingdom of Saudi Arabia, stressing that the group is...

    US State Department Spokesman Ned Price said that Saudi Arabia was able to eliminate about 90 percent of Houthi attacks.

    Houthis launched a military projectile that hit a commercial store in the Samtah governorate in the southern Jazan region on 24 December.

  • Palestinian president Abbas visits Israel’s Gantz in rare trip

    Excerpt Palestinian leader Mahmud Abbas made a rare visit to Israel Tuesday for talks with Defence Minister Benny Gantz, that...

    Israeli media reported that the meeting took place at Gantz's home in the central town of Rosh HaAyin

    In late August, Gantz visited the Palestinian Authority's headquarters in the West Bank city of Ramallah for talks with Abbas

  • Saudi Fund invests in education, road projects in Lanka

    The Saudi Fund for Development is investing USD60 million to develop the infrastructure of the transport sector to reduce death...

    The Saudi Fund for Development is investing USD60 million to develop the infrastructure of the transport sector to reduce death and injury rates resulting from traffic accidents

    The Fund will also invest USD28 million to support education opportunities for more than 5,000 students each year and increase the quality of education

  • Kuwait forms new Sheikh Sabah-led govt

    Prime Minister Sheikh Sabah Al Khaled Al Hamad Al Sabah’s new cabinet represents Kuwait’s fourth government over the last year...

    The new government announcement came after an Emiri order assigning Sheikh Sabah Al-Khaled as Prime Minister on November 23

    The cabinet has a new finance minister and includes three opposition legislators following a standoff between previous govts and parliament.

  • Turkey, Qatar await Taliban green light to run Afghan airports

    Private Turkish and Qatari companies have agreed to jointly operate five airports in Afghanistan, although they are still waiting to...

    Afghan civil aviation ministry spokesman Imamuddin Ahmadi told AFP that "no deal has been signed yet".

    The Taliban have already rejected Turkey's offer to provide security for Kabul airport, which offers an escape route for civilians seeking to flee.

  • Here are some significant records of 2021

    From sizzling temperatures and the longest blockage of Suez and pensioners in space, a look at some of the most...

    Nepal's Kami Rita Sherpa beat his own record for climbing Everest, claiming a 25th successful ascent to the roof of the world in May.

    The United States carried out its biggest ever airlift in the wake of the Taliban takeover of Afghanistan in August.

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