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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.
  • Morocco sees room for ‘return to normal’ in German ties

    Berlin's foreign ministry called Morocco an "important link between North and South, politically, culturally and economically".It also said Morocco "plays...

    Rabat in March said it was suspending contacts with the German embassy in the North African kingdom over "deep misunderstandings" on "issues fundamental for Morocco"

    Germany's criticism of former US president Donald Trump's recognition of Moroccan sovereignty over the disputed Western Sahara was among the apparent points of friction

  • Morocco marks anniversary of renewed ties with Israel

    Morocco and Israel have marked the first anniversary of the US-sponsored resumption of diplomatic relations between them.

    The rapprochement was part of a string of normalization deals between Israel and several Arab countries

    It was brokered by the administration of then US president Donald Trump and known as the Abraham Accords

  • US top official confers with Israel, Iran on nuclear deal

    Israeli Prime Minister Naftali Bennett's government has called for a halt to international efforts to revive the Iran nuclear deal....

    Negotiations to restore the pact known as the Joint Collective Plan of Action resumed in November

    Washington was a party to the original agreement, but withdrew under president Donald Trump in 2018

  • Qatar and Iraq discuss cooperation in transportation sector

    Minister of Transport Jassim bin Saif Al Sulaiti, and Minister of Transport of the Republic of Iraq Nasser Hussein Bandar...

    The total number of passengers who used the Doha Metro during the FIFA Arab Cup 2021 exceeded 2.5mn with an average of 130,000 passengers daily.

    According to Qatar Rail, the Doha Metro operated 50,000 trips during the tournament, covering 885,000km, and the average time between trains was 2.5 minutes

  • Queues grow longer at Istanbul’s discount bread shops

    The queues are a worrying sight for Turkey's veteran President Recep Tayyip Erdogan, who is trying to fight inflation by...

    Countries usually raise borrowing rates to slow spending and bring down prices -- a policy mix the Turkish leader, a pious Muslim, rejects citing Islamic laws against usury.

    One newspaper claimed Istanbul mayor Ekrem Imamoglu was playing a "dirty game" by shutting down many of the discount bread shops, making the queues longer at existing ones.

  • Turkey authorizes use of domestically developed Turkovac vaccine

    President Recep Tayyip Erdogan on Wednesday announced the emergency use approval of Turkey's first domestically-developed coronavirus vaccine. In June, Turkovac...

    In June, Turkovac entered Phase III trials involving 40,800 participants in Turkey. No official data about its efficacy have been released.

    Developers said the Turkovac vaccine works along the same scientific principles as China's CoronaVac, which Turkey has been using since the start of the year.

  • Saudi-led coalition rejects Iran charges on Yemen envoy evacuation

    Iran's envoy to Yemen, Hassan Eyrlou, died on Tuesday despite being flown out from the Huthi rebel-held capital in a...

    Coalition spokesman Turki Al-Maliki on Wednesday condemned Iran's "defamatory" comments.

    Regional rivals Riyadh and Tehran support opposite sides in several conflict zones across the region, including in Yemen.

  • Saudi Ports Authority announces new direct shipping service to Djibouti

    The Saudi Ports Authority (MAWANI) has announced a new direct shipping service connecting Saudi Arabia to Djibouti, through the container...

    The service will connect Jeddah Islamic Port to Djibouti through the container transport company, Transmar.

    Jeddah Islamic Port is one of the three Saudi ports included in the 2021 edition of Lloyd's List of Top 100 Ports.

  • Libya vote ‘impossible’ Friday: parliament committee

    The vote was intended to mark a fresh start for war-torn Libya a year after more than a decade after...

    The vote was intended to mark a fresh start for war-torn Libya a year after more than a decade after its 2011 revolt that toppled and killed dictator Moamer Kadhafi

    But speculation had been mounting for weeks that the poll would not take place on time, given bitter disputes over its legal basis

  • UN agency says to cut food aid to Yemen for want of funds

    Yemen has been devastated by a civil war between the Saudi-backed government and Iran-backed Huthi rebels since 2014.

    Yemen has been devastated by a civil war between the Saudi-backed government and Iran-backed Huthi rebels since 2014

    The fighting has killed tens of thousands, displaced millions and left some 80 percent of Yemenis dependent on aid

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