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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.
  • US Navy rescues Iran seamen from Gulf of Oman

    A US Navy arrived also helped the Iranian seamen with food, water, and medical care.

    The two men were transported to an Omani coastguard vessel near the capital Muscat

    The mariners were in good health and spirits at the time of the transfer, said the US Navy

  • Israel closes borders to all foreigners over Omicron

    It was only four weeks ago that Israel reopened its borders to foreign tourists after a prolonged closure due to...

    Israeli citizens will be required to present a negative PCR test and quarantine themselves for three days if they have been vaccinated

    The number of days of quarantine goes up to seven if they have not been vaccinated

  • Netherlands to help Unesco fund Lebanon media to cover polls

    The Netherlands will provide support to the Lebanese media to ensure access to and delivery of reliable information for voters.

    The project is expected to support “free, plural, and fair elections in Lebanon”

    The funds are expected to be allocated by Unesco over the next few months

  • Algeria election another test for president Tebboune

    Tebboune has vowed to reform state institutions inherited from Bouteflika, who died in September at the age of 84.

    Tebboune launched a 17-member committee in January 2020 to draft a new constitution for Algeria

    After a contentious election denounced by the country’s protest movement, Tabboune became the president of Algeria

  • Iraq, Turkey discuss financial and banking relations

    Governor of Central Bank of Iraq called on his Turkish counterpart, to "provide facilities to Iraqi banks in a way...

    Governor of Central Bank of Iraq called on his Turkish counterpart to facilitate the settlement of the trade balance between the two countries

    His Turkish counterpart said that the Central Bank of Turkey was "ready to open the doors of cooperation and facilitate banking operations between the two countries."

  • Arab countries ban travel from African nations

    The United States and several European countries have taken similar steps, banning travel from at least seven southern African countries....

    MENA countries have blocked travel from seven southern African nations as a precautionary measure

    The countries are South Africa, Namibia, Botswana, Zimbabwe, Mozambique, Lesotho, and Eswatini

  • Dubai introduces ‘electronic notary public’ after amending the law

    Dubai has introduced an automated system that performs the duties of the notary public without human interference and does away...

    The automated notary public has been introduced as part of Dubai’s smart government transformation.

    Companies providing notary public services are now required to inform Dubai Courts about licensed individual notaries public working in the company.

  • Saudi Arabia to allow expats of six countries direct entry from Dec. 1

    Saudi Arabia will allow direct entry of fully vaccinated expatriates from Indonesia, Pakistan, Brazil, Vietnam, India and Egypt from December...

    People from Indonesia, Pakistan, Brazil, Vietnam, India and Egypt need not spend 14 days in transit outside their countries before entering the kingdom.

    They will have to spend a five-day quarantine regardless of their vaccination status.

  • Iran official visits Kuwait and UAE ahead of Monday’s nuclear talks

    The visit by Ali Bagheri, Tehran's chief nuclear negotiator, is the first to Gulf Arab states by an official of...

    Talks to restore the 2015 nuclear deal between Iran and world powers are due to resume in Vienna on Monday.

    The deal has been gradually disintegrating since former US president Donald Trump unilaterally withdrew from it in 2018.

  • UAE general wins Interpol presidency for a 4-year term

    Major General Ahmed Nasser al-Raisi of the United Arab Emirates has been elected as the new President of Interpol, according...

    He was elected by Interpol representatives (from its 140 member states) at a meeting in Turkey on Thursday

    The appointment makes him the first candidate from the Middle Eastern region to be elected into the position since the founding of Interpol

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