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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.
  • As thaw sets in, Qatar and Saudi Arabia review ties

    Qatar's emir Sheikh Tamim bin Hamad Al-Thani and visiting Saudi Crown Prince Mohammed bin Salman discuss ways to support and...

    This is Saudi Crown Prince's first visit to Qatar after relations were fully restored in January following a landmark summit in the Saudi desert city of Al-Ula.

    Saudi Arabia, the UAE and Bahrain cut all links with Qatar in June 2017, alleging it backed radical groups and was too close to Tehran -- allegations Doha denied.

  • Top French Diplomat visits Algeria to mend relations

    Addressing journalists after meeting President Abdelmadjid Tebboune, Jean-Yves Le Drian said the countries should move past "misunderstandings" and "wounds of...

    Macron, France's first leader born after the colonial era, has prioritized forging a modern relationship with former colonies.

    Earlier this year, he recognized that French officers tortured and killed Algerian lawyer Ali Boumendjel in 1957.

  • UAE biggest trading partner of Australia, relations between two growing

    The UAE is Australia’s largest trading partner and the second-largest source of investment in the Middle East, said Justin McGowan,...

    Annual trade between the two countries is valued approximately at AU$9.8 billion ($7.1 billion).

    More than 250 Australian companies are based in the UAE, said Justin McGowan, Commissioner General of Australia at Expo 2020 Dubai.

  • Dubai’s carbon emissions have fallen by 22 percent in 2019

    Dubai's carbon emissions have fallen by 22 percent in 2019, reflecting the efforts made by its strategic partners to support...

    Dubai Supreme Council of Energy discusses a resolution to achieve carbon neutrality by 2050.

    The meeting also discussed the implementation of a resolution to regulate district cooling services in Dubai.

  • UAE tops Bloomberg’s monthly Covid Resilience Ranking for Nov 2021

    UAE has risen to the top spot on Bloomberg's Covid Resilience Ranking, dethroning Europe that has been dominating the top...

    A Bloomberg report said UAE one of the only seven countries that never fell into the bottom half of the Ranking.

    Iraq jumps 21 spots after community mobility surged and domestic life normalized.

  • UAE signs air transport MoU with Colombia

    The UAE’s General Civil Aviation Authority represented the country in the signing of the deal.

    This MoU is expected to enhance the air connectivity between the two countries

    It will let the national carriers of both countries initiate the operation of scheduled passenger and all-cargo flights

  • Aramco taps L&T for Saudi facility

    Spread over 120,000 square meters of area, the facility which is to construed by L&T aims to create crucial equipment...

    L&T is to build the region’s first Heavy Wall Pressure Vessels facility at Jubail Industrial City

    More than 20 MoUs were signed under the Namaat program of Aramco in September 2021

  • ICJ orders Armenia and Azerbaijan to resolve dispute

    Tensions have simmered for years over Nagorno-Karabakh, an ethnic Armenian region of Azerbaijan that broke away from Baku's control in...

    International court of Justice tells Azerbaijan to treat all Armenian prisoners lawfully

    Azerbaijan welcomed the ruling of ICJ, which was first formed to resolve the disputes of World War II

  • US imposes sanctions on Iran

    The sanctions announced by the US Treasury and State Department targeted government officials and organizations.

    The US treasury hit sanctions on Iran, Uganda and Syria for increasing political repression and execution of its own citizens

    Iran agreed to sign nuclear accord in 2015 with the US, UK, France, China, Russia and Germany

  • Saudi Arabia, UAE discuss ways to boost relations

    UAE President Sheikh Khalifa bin Zayed Al Nahyan conferred the “Order of Zayed” on Saudi crown prince Mohammed bin Salman...

    Abu Dhabi crown prince Sheikh Mohamed welcomed and Saudi crown prince Mohammed bin Salman to the UAE

    Saudi crown prince is in Abu Dhabi as part of his tour of the GCC countries

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