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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.
  • Qatar, Turkey sign 11 new agreements

    The signing is to take place at the 7th session of the Supreme Strategic Committee between the two countries.

    The signing is to take place at the 7th session of the Supreme Strategic Committee between the two countries

    Qatar is also working alongside Turkey and the interim government of Afghanistan to reach an agreement to restart the normal operation of Kabul Airport

  • Israeli air strike hits Syrian port of Latakia

    An Israeli air strike hit a shipment of Iranian weapons in the Syrian port of Latakia Tuesday, in the first...

    The Israeli raid "directly targeted an Iranian weapons shipment in the container yard," the Syrian Observatory for Human Rights said

    Syrian state media reported the strike on the container yard at Latakia port without specifying what was targeted

  • Algeria pledges $100m aid to Palestine as Mahmud Abbas visits

    The announcement came as Palestinian leader Mahmud Abbas visited Algiers on Monday.

    Algeria's President Abdelmadjid Tebboune said the funding was in line with his people's commitment to support the Palestinian cause

    He said he would also put the Palestinian cause at the center of the Arab League summit, which Algeria is hosting in March next year

  • Iran says hopes to turn page in ties with UAE

    Iran expressed hopes Monday to turn the page in its ties with the United Arab Emirates during a rare visit...

    The trip was the first of its kind since relations between the two countries were downgraded in 2016.

    His visit also included a meeting with ultraconservative Iranian President Ebrahim Raisi, state media said

  • Turkey, Qatar vow joint push to reopen Kabul airport

    Turkey and Qatar on Monday raised the possibility of jointly operating Afghanistan's Taliban-controlled airport, as President Recep Tayyip Erdogan set...

    Afghans and foreign nationals fled the country through the facility as the hardline Islamist movement took power in August following two decades of war

    "We are going to act together," Turkish Foreign Minister Mevlut Cavusoglu told a joint press briefing with his Qatari counterpart

  • Time to decrypt internet speed in Arab world

    This week's TRENDS infographic tries to find out where do Arab countries stand in terms of the speed of broadband...

    The internet connectivity is a cornerstone to business, education, financial literacy, access to employment and health care through telemedicine

    This TRENDS infographic tries to find out where do Arab countries stand in the latest Speedtest index.

  • Iran says ready to continue nuclear talks, rejects ‘blame game’

    The landmark 2015 nuclear accord was initially agreed between Iran and Britain, China, France, Germany, Russia and the United States....

    Last Wednesday, Iran submitted two draft resolutions on the lifting of US sanctions and nuclear-related measures.

    But at the weekend the United States, as well as European participants at the Vienna talks, accused Iran of backtracking

  • Iraq fishermen in fear of arrest from Iran and Kuwait

    Iraqi fishermen live in constant fear of arrest by Iran or Kuwait for mistakenly straying across frontiers.

    Iraqi fishermen at Al-Faw complain of ‘being harassed’ by both Iran and Kuwait

    When their boats head for the open seas of the Gulf, currents often take them to Kuwaiti and Iranian waters

  • Iran president says working to lift sanctions

    Ebrahim Raisi, who took office in August, listed inflation, high prices, and tax evasion as among the top challenges facing...

    Negotiations on the Iran nuclear deal resumed in Vienna last Monday, after Iran had paused talks following Raisi's election in June

    In 2018, then US president Donald Trump unilaterally pulled out and reimposed sanctions

  • UAE Railways Program: Country’s largest integrated transportation system launched

    The UAE government on Sunday announced the launch of the UAE Railways Programme, the largest integrated system for transporting goods...

    The first phase of the Etihad Rail has been fully operational since 2016

    The investments of the UAE Railways Programme amount to AED50 billion, 70 percent of which target the local market.

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