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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 fund, FAO join hands for climate action in Somalia

    The fund will collaborate with the UN agency to build climate-resilience and take shock-informed anticipatory action.

    Somalia is said to be highly vulnerable to recurrent shocks, with colliding and cumulative effects

    It has been recurrently affected by droughts, flash and riverine flooding, cyclones, locusts, disease outbreaks, and conflict

  • Iran accused of stalling redress for downed Ukraine flight

    The Islamic republic shot down Ukraine International Airlines flight PS752 shortly after take-off from its capital Tehran on January 8,...

    The Islamic republic shot down Ukraine International Airlines flight PS752 shortly after take-off from its capital Tehran on January 8, 2020

    Three days later, it admitted that its forces had mistakenly targeted the Kiev-bound Boeing 737-800 plane

  • UAE announces $10 billion fund for investments in Turkey

    Erdogan greeted Sheikh Mohammed on the ceremonial blue carpet at the presidential palace in Ankara on Wednesday before they went...

    The fund's aim was "to support the Turkish economy and boost bilateral cooperation between the two countries," the official Emirati news agency WAM said

    The main focus of the fund will be on "strategic investments", especially in sectors including energy, health and food, WAM reported

  • Libya poll panel rejects Gaddafi son’s presidential bid

    The election commission said presidential candidates should have a clean criminal record, with the country’s election law saying that hopefuls...

    Saif al-Islam Gaddafi had been sentenced to death by a Tripoli court for crimes committed during the revolt that toppled his father

    He was later pardoned by a rival administration in eastern Libya

  • ‘No progress’ on eve of Iran nuclear talks: UN Atomic Agency

    Rafael Grossi, director general of the International Atomic Energy Agency (IAEA) said the talks he held in Tehran on Tuesday...

    Rafael Grossi, director general of the International Atomic Energy Agency (IAEA) said the talks he held in Tehran on Tuesday were "inconclusive" despite being "constructive".

    "In terms of the substance... we were not able to make progress," Grossi told reporters, saying that the lack of agreement had come "in spite of my best efforts".

  • Israel, Morocco sign security deal as minister visits

    The Morocco deal came as Gantz made the first visit by an Israeli defence minister to the North African kingdom....

    Israel has several security MoUs with allied nations, but the Morocco deal marks the first-of-its-kind agreement with a majority Arab nation

    Tel Aviv has now full diplomatic relations with only four Arab countries: Egypt, Jordan, the United Arab Emirates and Bahrain

  • Abu Dhabi crown prince makes first Turkey visit in decade

    Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed held talks with Turkish President Recep Tayyip Erdogan in Ankara on Wednesday,...

    Erdogan greeted Sheikh Mohammed on the ceremonial blue carpet at the presidential palace

    The groundwork was laid for the rapprochement with a visit in August by a UAE delegation

  • Five killed in Israel strikes on Syria: monitor

    Israeli strikes targeting a part of Syria where fighters loyal to Lebanon's Hezbollah are based killed five people Wednesday, a...

    The Israeli missiles struck an area near three villages in the west of Homs province

    Three Syrian soldiers as well as two Syrian militiamen were killed in the early morning strikes

  • No progress in talks with Iran, says IAEA chief after Tehran visit

    Rafael Grossi told a quarterly meeting of the agency's board that his talks in Tehran were "inconclusive", despite being "constructive"....

    Iran and the IAEA have a temporary pact which gives the IAEA access to monitoring equipment at Iran's nuclear facilities.

    In 2019, Iran began moving away from its commitments after the US pulled out unilaterally and reimposed sanctions.

  • UAE energy ministry intensifies monitoring of liquefied natural gas shipments

    The UAE's Ministry of Energy and Infrastructure said on Wednesday that it is intensifying inspections of liquefied natural gas (LNG)...

    LNG cargoes that fall short of the standards pose a threat to the community safety and impinge on the profitability of national companies, a ministry official said.

    The ministry is keen to enhance corporate awareness about the procedures adopted by the UAE to regulate the transportation of oil derivatives.

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