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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.
  • Israel ‘formalizing’ defense ties with Morocco on minister’s visit

    The trip comes less than a year after Morocco normalized ties with Israel in a deal brokered by former US...

    Morocco normalized ties with Israel in December last year

    It came soon after similar announcements by the UAE and Bahrain

  • GCC Unified Military Command’s headquarters opens in Riyadh

    The opening was also attended by GCC defense ministers, and GCC Secretary General Dr. Nayef Falah Mubarak Al-Hajraf.

    The opening was also attended by GCC defense ministers, and GCC Secretary General Dr. Nayef Falah Mubarak Al-Hajraf

    Al-Hajraf said the opening of the UMC comes as a message of peace and determination to protect the GCC security and stability

  • Morocco says it rescued 147 African, Asian migrants

    In May, around 8,000 North African migrants swam to Spanish from Morocco which resulted diplomatic crisis between these two countries.

    Morocco became a transit country for African migrants trying to reach Spain

    Migrants were traveling in inflatable boats to cross the Strait of Gibraltar

  • Israel Bill to limit PM’s term passes first reading

    "Continuous power in the hands of a single person is bad for democracy," Justice Minister Gideon Saar said.

    "Continuous power in the hands of a single person is bad for democracy," Justice Minister Gideon Saar said

    The vote on the Bill which was passed by 66 deputies in the 120-member Knesset would need three readings to become law

  • Israel, Jordan agree US-brokered solar power for water deal

    Ministers from the neighbouring countries inked the US-brokered agreement at a Dubai Expo event joined by John Kerry, the US...

    Jordan is one of the world's most water-deficient nations and its cooperation on water with Israel dates back to before the two established formal relations

    Israel is also a hot, dry country, but its advanced desalination technology has opened opportunities for selling fresh water

  • Bahrain claims arrest of Iran-linked armed gang of terrorists

    Bahrain has been hit by waves of unrest since 2011, when security forces crushed protests demanding a constitutional monarchy and...

    The ministry gave no further details, including on how many people were arrested or their nationalities.

    Bahrain accuses Iran of provoking unrest in the Gulf kingdom, an allegation Tehran denies.

  • Iran says hopes for ‘constructive’ visit by chief of UN’s nuclear watchdog

    Rafael Grossi, head of the International Atomic Energy Agency was expected to meet Foreign Minister Hossein Amir-Abdollahian and Atomic Energy...

    On Friday, the IAEA said Iran's stockpile of highly enriched uranium was above the limit laid down in the 2015 agreement.

    Grossi was last in Tehran on Sept.12, where he clinched a deal on access to monitoring equipment at Iran's nuclear facilities.

  • Sudan PM Hamdok reinstated after coup; allies cheer

    Sudan's deposed prime minister Abdalla Hamdok and General Abdel Fattah al-Burhan, who ousted him a month ago, signed a breakthrough...

    The UAE, welcoming the move, said in an official statement that it “wished full success for all Sudanese parties in their next endeavors”

    The OIC also welcomed the agreement, with its Secretary-General Hussein Ibrahim Taha praising the country’s “return to the constitutional path”

  • Dbeibah: Businessman thrust into turmoil of Libya politics

    Dbeibah is a Canadian-educated business tycoon who has used his post to build a solid popular base. He was elected...

    It was a surprise victory for a man who was once a member of the inner circle of dictator Moamer Kadhafi.

    Dbeibah is seen as close to Ankara and to the Muslim Brotherhood, and he heads a company with subsidiaries across the world.

  • Nokia, UNICEF and Organge Foundation to empower Morocco youth

    As part of UNICEF’s UPSHIFT program, Nokia has agreed to a partnership with Orange Foundation and UNICEF to empower marginalized...

    The three will partner under UNICEF's UPSHIFT program featured as part of the World Bank's Solutions for Youth Employment.

    At least 1400 young people, in which 60 percent are likely to be girls, will receive training in teamwork, self-esteem, creativity and communication.

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