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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.
  • UAE, Canada discuss cooperation for women’s empowerment

    During the meeting, the Canadian ambassador was briefed about the initiatives launched by the UAE to strengthen women's rights.

    The meeting discussed the UAE's experience in empowering women since the country was established and the key role women played to support the country

    Grossman emphasized Canada’s keenness to boost cooperation in women’s empowerment and take advantage of the country’s experience in Gender balance

  • Dutch police arrest man over Saudi embassy shooting

    The 40-year-old suspect was detained in Zoetermeer, 16 kilometres (10 miles) from the Hague, about eight hours after the shooting...

    The 40-year-old suspect was detained in Zoetermeer, 16 kilometres (10 miles) from the Hague, about eight hours after the shooting at 6am (0500 GMT)

    The incident comes a day after a bomb blast struck a World War I commemoration attended by foreign diplomats in the Saudi city of Jeddah

  • Governor of Iraq’s Najaf resigns after protests

    Louai al-Yasseri resigned from his leadership in Najaf, in central Iraq, a day after the governor of Nasiriyah province in...

    Louai al-Yasseri resigned from his leadership in Najaf, a day after the governor of Nasiriyah province in the south quit following the violent suppression of protests

    Their departures underline the challenges facing war-scarred Iraq and how little has changed despite protests that swept Baghdad and the South two years ago

  • World powers urge Libya to reschedule presidential vote ‘swiftly’

    The authorities overseeing Libya's first presidential election said earlier this week holding it on Friday as scheduled would be "impossible"....

    Speculation of a delay had been mounting for weeks, with bitter disputes over the vote's legal basis

    Disputes also raged over the powers the winner would have, and the candidacies of several divisive figures

  • IMF extends Covid emergency funding by 18 months

    The emergency funding was set up to help nations that have been severely impacted by the Covid-19 pandemic.

    The IMF in April 2020 eased access to such aid, including raising the level of funding that countries could obtain

    The programs have already been extended twice, in September 2020 and again in March this year

  • Talks to revive Iran nuclear deal will resume next week: EU chair

    Officials have said the deal would become obsolete within weeks if Iran continued to step up its nuclear activities as...

    Negotiations restarted in November after a five-month hiatus to try to restore the deal, which was to offer Iran sanctions relief in exchange for curbs on its nuclear program.

    Diplomats from parties to the deal -- China, Britain, France, Germany and Russia -- are in talks in Vienna with Iran and the US, with the two sides refusing direct contact.

  • World Bank pledges $37 million to help Lebanon teachers

    The World Bank on Thursday said it agreed with its partners to repurpose $37 million in funds to help Lebanon's...

    The "exceptional" financing, which is valid only for the 2021-2022 academic year, came at the request of Lebanon's government, the bank said.

    Public school teachers who were already underpaid before the onset of the economic crisis two years ago have since been pushed deeper into poverty.

  • UN will support Iraq’s efforts for development, prosperity: Official

    The head of the United Nations Assistance Mission for Iraq (UNAMI), Jeanine Hennis-Plasschaert, has said the UN will continue supporting...

    Head of the United Nations Assistance Mission for Iraq (UNAMI), Jeanine Hennis-Plasschaert, says 2021 was an important year for Iraq.

    Hennis-Plasschaert said many challenges remain although there have been achievements too.

  • Libya delays long-awaited election seen as key to peace

    The election, intended to go hand-in-hand with parliamentary polls, was part of a United Nations-led peace process.

    The election, intended to go hand-in-hand with parliamentary polls, was part of a United Nations-led peace process.

    The political uncertainty has raised tensions on the ground across Libya, which is controlled by an array of armed groups

  • Iran announces anti-missile system for its tanks

    On Tuesday, Iran's military fired several missiles from land and sea as part of the five-day exercise.

    On Tuesday, Iran's military fired several missiles from land and sea as part of the five-day exercise

    The United States said it was preparing "alternatives" in case negotiations to revive a deal to curb Iran's nuclear programme collapse in Vienna

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