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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.
  • Lebanese minister who sparked Gulf row to resign

    The expected breakthrough coincided with a visit to the Gulf by French President Emmanuel Macron, who has spearheaded international efforts...

    A senior official told AFP that Kordahi "called President Michel Aoun last night to inform him of his decision to resign" on Friday

    His resignation has been on the table for weeks and is expected to help unlock a political and diplomatic crisis that has crippled Lebanon's fledgling cabinet since October

  • Ankara urges Europe rights body to avoid any decision against Turkey

    Turkey on Thursday called on the Council of Europe to avoid punishing Turkey ahead of a decision this week on...

    Osman Kavala, a 64-year-old civil society leader and businessman, has languished in jail without being convicted for more than four years

    An Istanbul court ordered Kavala to stay in jail on November 26, even after his case led to a diplomatic standoff between Turkey and 10 Western embassies including the US

  • Iran says nuclear deal ‘within reach’ if West shows goodwill

    Iran's top diplomat said Thursday that an agreement to revive his country's nuclear deal with world powers was "within reach"...

    The talks resumed on Monday after Iran paused them in June after the election of ultraconservative President Ebrahim Raisi.

    European diplomats had warned that they would assess the "seriousness" of Iran's position in the next 48 hours.

  • Pakistan’s national carrier to start flights from Karachi to Mashad in Iran

    Chief Executive of Pakistan International Airlines (PIA) Air Marshal Arshad Malik announced that the PIA will start direct flights from...

    Currently, Iran Air operates a flight a week from Tehran to Karachi and vice versa.

    There are reports that Mahan Iran Airlines will resume flights from Tehran and Mashad to Lahore.

  • Central Bank of Jordan joins network of 100 central banks in green finance pursuit

    The Central Bank of Jordan (CBJ) has joined the Network for Greening the Financial System (NGFS), a network of 100...

    The network is pursuing a better global response and delivery of the Paris and Glasgow climate agreements, said the bank.

    Qatar has the highest GDP per capita in the Arab world due to its small population.

  • Kuwait Theater Festival to develop cultural movement, foster talent: Minister

    Kuwait Theater Festival is a civilizational platform that contributes to the development of the cultural and theatrical movement in Kuwait,...

    The 21st edition of the festival opened on Wednesday under the patronage of Kuwait's Minister of Information and Culture Abdulrahman Al-Mutairi.

    The festival features eight performances and a symposium dealing with the experimentalism in Kuwaiti theater and ethics in the festival.

  • Bahrain stresses need for Middle East free of nuclear weapons

    Bahrain has stressed the importance of establishing a Middle East zone free of nuclear weapons and other weapons of mass...

    Bahrain signed Treaty on the Non-Proliferation of Nuclear Weapons and the Convention on the Prohibition of Biological Weapons in 1988.

    Bahrain's representative to the UN says every country has a right to pursue nuclear programs for peaceful means.

  • Saudi Arabia and United Nations sign agreement to combat land degradation

    Saudi Arabia's Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley has signed a cooperation agreement with the United Nations Convention...

    A Global Initiative targets reducing land degradation by 50 percent by 2040.

    The initiative also aims increased storing of carbon in soil and to realize food security.

  • Qatar signs MoU with Italy for FIFA World Cup security

    The MoU was part of joint cooperation for securing the FIFA World Cup Qatar 2022, between the Qatari Ministry of...

    The MoU was part of cooperation for securing the FIFA World Cup Qatar 2022, between the Qatari Ministry of Defense and the ministries of defense of the participatingcountries

    It aims to define the controls for the participation of liaison officers from the Italian Ministry of Defense and to define the roles and responsibilities assigned to them

  • Libya sends first passenger ferry to Turkey in decades

    Travel links with and within Libya were severely disrupted by the 2011 revolt that overthrew dictator Moamer Gadhafi.

    The ferry left the Libyan port of Misrata and was headed to Turkey's coastal city of Izmir

    Libya has not been serviced by any international ferries for 25 years

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