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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.
  • Saudi-led coalition intensifies anti-Huthi campaign, bombs camp

    The Saudi-led coalition fighting in Yemen said Sunday it struck a Huthi rebel camp in the capital Sanaa, as it...

    The coalition says it will show evidence of involvement by Lebanon's Iran-backed Hezbollah militia in the Yemeni conflict.

    Yemen has been wracked by civil war since 2014 pitting the government against the Huthis who control much of the north.

  • Afghanistan’s asset freeze hurts everyone

    To avoid giving the Taliban access to Afghanistan's reserves, Washington froze an estimated $10 billion held by the central bank...

    Ordinarily, the reserves could be dipped into to pay overdue government bills and development projects, but the freeze has trickled down to the rest of the economy.

    The United Nations Security Council on Wednesday unanimously adopted a US resolution to help humanitarian aid reach desperate Afghans.

  • Israel approves $317m plan to double settlers in occupied Golan Heights

    Around 25,000 Israeli settlers live in the Golan Heights, along with some 23,000 Druze, who remained on the land after...

    Prime Minister Naftali Bennett presented his one billion shekel ($317 million) program to improve housing, transportation, tourism and medical facilities in the area.

    Former US president Donald Trump, widely viewed as pro-Israeli, granted US recognition to Israeli sovereignty over the Golan in 2019.

  • UAE, Morocco discuss cooperation in investment and economy

    The two sides talked about Expo 2020 Dubai and the importance of the Arab countries' participation therein.

    The discussion took place in a meeting between UAE Deputy Prime Minister Sheikh Mansour bin Zayed Al Nahyan and Morocco Prime Minister Aziz Akhannouch

    They are also said to have reviewed the latest developments in the Arab region and exchanged views over a number of regional and international issues of common interest

  • Tunisia rescues 48 illegal migrants at sea

    Tunisian coastguards have rescued 48 illegal migrants trying to reach Europe from neighboring Libya in a makeshift boat.

    The migrants —15 from Mali, 15 Syrians and four Egyptians — were intercepted and rescued off Zarzis when their boat broke down

    The rescued migrants were taken to El Ketef port before being transferred to International Organization for Migration premises

  • Iran won’t enrich uranium beyond 60% if talks fail, says official

    Atomic Energy Organization of Iran director Mohammad Eslami said the enrichment levels were related to the needs of the country.

    The 2015 nuclear deal offered Iran relief from sanctions in return for curbs on its nuclear program

    It was derailed in 2018 when the US unilaterally withdrew under then president Donald Trump

  • Tear gas fired on anti-coup rallies in Sudan

    Sudan anti-coup protesters faced tear gas at a democracy rally while General Abdel Fattah al-Burhan defended October's military takeover.

    Safety forces dispersed the thousands of protesters with truncheons and firing tear gas canisters

    Activists condemns sexual assaults throughout these protests, with the UN stating that at least 13 women and girls were raped

  • Iranian envoys get Saudi visas for diplomatic posts

    Saudi Arabia has granted visas to Iranian diplomats as part of a routine procedure for representatives of a member state...

    Three diplomates from Iran receives Saudi visa for OIC posts in Jeddah

    Iran and Saudi Arabia held several rounds of talks since April to improve diplomatic relationships

  • Residents in frustration and unease over Libya poll delay

    The poll was meant to take place just over a year after a landmark east-west ceasefire. The delay will be...

    Libya’s electoral board has suggested pushing the vote back by a month to January 24

    However, given political animosity between different stakeholders, agreeing a new date may not be easy

  • Arab League chief urges cooperation to achieve successful Libya elections

    Aboul Ghaith pointed to the dangerous juncture that Libya is going through, and said that everyone should join hands and...

    In a statement, Aboul Gheit urged the concerned parties to adopt dialogue as the only means to resolve the dispute

    Gheit stressed on the importance of a national consensus on the legal and procedural rules for the elections

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