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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.
  • Syria war killed 3,700 in 2021, lowest annual toll

    According to figures compiled by the Syrian Observatory for Human Rights, 1,505 of them were civilians and among those 360...

    According to figures compiled by the Syrian Observatory for Human Rights, 1,505 of them were civilians and among those 360 were children

    The figure is by far the lowest tally since the start of the war in Syria and confirms a downward trend that saw 6,800 people killed last year and just over 10,000 in 2019

  • Sharjah Council okays measures for boosting safety of agri products

    The Sharjah Executive Council (SEC) has approved a draft Emiri decree on organizing the Sharjah Classic Cars Club, and a...

    The Council approved draft Emiri decrees on organizing the Sharjah Classic Cars Club and the Sharjah Self-Defense Sports Club.

    The council directs the authorities concerned to equip cadres with the necessary inspection and control skills.

  • The UAE joins SESAME as a member with observer status

    Minister Al Kaabi indicated that the achievement will enhance the nation’s scientific capabilities and enable its scientific and industrial organizations...

    The move will enable scientists, researchers and industrial entities in the UAE to use the center’s specialized laboratories to conduct research and develop local industries.

    SESAME was conceived as an international facility for the benefit of the MENA region to help the region retain and attract scientific and engineering talent.

  • Saudi media says the kingdom supports Yemen’s legitimate government

    The General Authority for Statistics (GASTAT) released the Labor Market Publication, confirming that the unemployment rate of Saudis remained stable...

    Al-Bilad newspaper reported in its editorial that the Kingdom of Saudi Arabia exerts unprecedented efforts in supporting the legitimate government in Yemen.

    Al-Riyadh newspaper reported in its editorial that the addressing of unemployment rate is among the key goals of the Kingdom of Saudi Arabia's vision 2030.

  • Natural gas prices hit fresh record peaks on strong winter demand

    European and UK gas prices rocketed Tuesday to all-time highs on strong winter demand and simmering geopolitical tensions between key...

    European and UK markets beat previous records from October. They are currently about eight times greater than at the start of 2021.

    Runaway spot gas prices, alongside other buoyant commodities including crude oil, have fueled mounting concern about spiking inflation worldwide.

  • Qatar seizes rainbow-colored toys it deems ‘un-Islamic’

    Authorities in Qatar, host of next year's football World Cup, have confiscated a line of children's toys from stores deeming...

    The ministry of commerce and industry "carried out inspection campaigns on several retail outlets in different regions across Qatar.

    Qatar hosted the Arab Cup recently and has started preparations for hosting the World Cup next year.

  • Is GCC inflation out of control?

    The main reason for high inflation rates in the GCC countries is a rebound in prices in the sectors that...

    Food and beverages in Kuwait accounted for a whopping increase in prices, while education costs decreased 15.46 percent

    Saudi Arabia’s annual inflation increase is due to a 6.4 percent growth in transportation costs and a 1.4 percent rise in food and beverage prices

  • WEF says ‘will defer’ Davos meeting over Omicron fears

    The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be...

    Swiss authorities have recently stepped up health restrictions sharply to control a fifth coronavirus wave.

    Forum chief Klaus Schwab promised "continued digital convening of leaders from business, government and civil society".

  • Dubai airport fully operational for first time since pandemic

    Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic...

    Travel via Dubai increases at the end the year, with foreigners -- who make up the majority of the emirate's population -- heading home for the holidays.

    Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.

  • Above 2.5 million passengers used Doha Metro during Arab Cup in Qatar

    More than 2.5 million passengers used Doha Metro during that Arab Cup hosted by Qatar from Nov 30 to Dec...

    Qatari media reports said Doha Metro operated 50,000 trips during the tournament.

    Except on Friday, Doha Metro ran for 21 hours a day throughout the week.

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