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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.
  • OPEC Fund announces $352m for global development operations

    The OPEC Fund for International Development has approved $352 million for sustainable development operations globally at the organization’s 178th Session...

    Members of the Governing Board also reviewed several milestones achieved as part of the OPEC Fund Strategic Framework 2030, including inaugural credit ratings.

    The Strategic Framework 2030 is designed to diversify the OPEC Fund’s financial resources and deliver greater development impact

  • Google celebrates Bahrain’s national day with a dedicated animated doodle

    The modern state of Bahrain was founded by Ahmed Al Fateh in 1783 and on 16 December 1971, Isa Bin...

    Bahrain was founded by Ahmed Al Fateh in 1783 and on 16 December 1971, Isa Bin Salman Al Khalifa became the first emir of the country, marking the national day.

    Traditionally, Bahrain’s historic achievements and culture are celebrated over two days with entertainment such as magic and laser shows.

  • Tunisia’s speaker Ghannouchi rejects extension of parliament freeze

    President Kais Saied recently announced the extension of a suspension until Tunisians vote for a replacement assembly in December 2022. Saied said...

    On December 13, President Saied said he would call a constitutional referendum next July and that parliamentary elections would follow.

    In September this year, Saied brushed aside most of the 2014 democratic constitution to say he could rule by decree.

  • Iran-linked hackers attack Israeli targets, says Tel Aviv firm

    An Iran-linked hacking group attacked seven Israeli targets over a 24-hour period this week, an Israeli cyber-security firm said, in...

    The targets of the attack by the group called "Charming Kitten" included the Israeli "government and business sector", the firm said.

    Israel has been blamed for a series of cyber-attacks on Iranian infrastructure, including the country's fuel distribution system in October.

  • Saudi Arabia sends humanitarian aid to Afghanistan, first after Taliban takeover

    Saudi Arabia sent two aircraft carrying humanitarian aid to Afghanistan Thursday, state media reported, its first such initiative since the...

    The kingdom's state-run King Salman Humanitarian Aid and Relief Center (KSRelief) sent more than 65 tons of aid, including 1,647 food baskets.

    More than half of Afghanistan's 38 million people face "acute" food shortages, according to the United Nations.

  • Nearly 14,000 Bahraini nationals invested in UAE companies in 2020

    A total of 13, 978 Bahraini nationals have invested in UAE public shareholding companies in 2020 and 331 licenses for...

    Trade between the UAE and Bahrain in 2020 was valued at AED20.1 billion and more Bahraini nationals were entering the Emirates real estate market.

    In 2020, the value of real estate deals signed by Bahraini citizens in the UAE reached AED228 million.

  • UNHCR, UNICEF hail Korea’s aid for refugee rehab programs in Iran

    South Korea's $2.5 million aid for programs supporting Afghan refugees in Iran has been hailed by the UN High Commissioner...

    South Korea's has announced $2.5 million in aid recently and its total aid in the past seven years for Afghan refugees totals $30 million.

    It is estimated that up to 300,000 Afghan asylum-seekers have fled to Iran this year alone in search of safety.

  • Turkey appoints envoy to normalize ties with Armenia

    Armenia and Turkey have never established formal diplomatic ties. The two countries' relations are particularly tense over World War I-era...

    Turkish and Armenian companies ask permission for charter flights between Istanbul and Yerevan

    The common border between Armenia and Turkey has been closed since the 1990s

  • UN chief says cross-border aid to Syria rebel bastion vital

    In July, the US and Russia allowed for a 6-month extension of activity at Bab al-Hawa, the only border crossing...

    In July, the US and Russia allowed for a 6-month extension of activity at Bab al-Hawa, the only border crossing through which aid reaches the rebel stronghold of Idlib province

    In an internal report, the UN chief Guterres refers to another project for humanitarian operations, this time across the front lines to reach Idlib

  • Queen Elizabeth II holds in-person meeting with Oman’s sultan

    Queen Elizabeth II on Wednesday made a rare public appearance, hosting Oman's Sultan Haitham bin Tareq and his wife, Sayyida...

    The 95-year-old monarch has cut back on her engagements since an overnight hospital stay in October that raised fears for her health and prompted doctors to advise rest.

    Sultan Haitham bin Tareq, who studied at Oxford University, came to power after the death of his cousin, Sultan Qaboos, last year.

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