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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.
  • More than one million Syrians return to their homes: United Nations

    Geneva, Switzerland -- More than one million people have returned to their homes in Syria after the overthrow of Bashar al-Assad,...

    The returnees include 280,000 Syrian refugees and more than 800,000 people displaced inside the country.

    Syria's war has killed more than half a million people and displaced millions from their homes.

  • Israel army pulls out of Lebanon border villages, holds five positions: source

    Israel's army has pulled out of southern Lebanese villages but remains in five positions as a deadline for the withdrawal...

    Authorities estimate reconstruction costs in Lebanon's South could reach more than US$10 billion

    More than 100,000 remain internally displaced

  • Netanyahu commits to Trump’s Gaza plan as Rubio seeks Arab backing in Saudi talks

    In a statement on Monday, Israeli Prime Minister Benjamin Netanyahu said he was "committed to US President Trump's plan for...

    Arriving in the kingdom after talks in Israel, Secretary of State Marco Rubio - on his first visit to the Middle East - met Crown Prince Mohammed bin Salman

    A Saudi source had earlier told AFP that Riyadh would host a regional summit later this week "to discuss Arab alternatives" to President Donald Trump's plan for Gaza

  • Saudi Arabia’s sports fund invests in DAZN streaming service

    Paris, France - Saudi Arabian sports investment fund SURJ, linked to the kingdom's sovereign wealth fund, has acquired a minority stake...

    SURJ, originally named SRJ, was established in August 2024 by Saudi Arabia's Public Investment Fund (PIF) "to invest in acquiring and creating new sports events

    SURJ and DAZN will work closely to establish DAZN MENA, a joint venture that will unlock new broadcasting opportunities for Saudi Arabia's growing sports sector

  • War-weary Gazans reel from ‘500 days of humiliation’

    Gaza City, Palestinian Territories -- For 500 days since an unprecedented Hamas attack on Israel triggered the Gaza Strip's deadliest war,...

    The United Nations has said more than $53 billion will be required to rebuild Gaza and end the "humanitarian catastrophe" that has gripped the territory.

    The Israeli military campaign by land, air and sea has killed at least 48,284 people in Gaza, the majority of them civilians.

  • Netanyahu and Rubio align on aggressive strategies toward Hamas and Iran in Jerusalem talks.

    US Secretary of State Marco Rubio and Israeli Prime Minister Benjamin Netanyahu have pledged to "open the gates of hell"...

    The pledges came during a joint address to reporters in Jerusalem, where Rubio began his first Middle East trip as secretary of state in President Donald Trump's new administration

    "Hamas cannot continue as a military or a government force... they must be eliminated," Rubio said of the Palestinian group that fought Israel for more than 15 months

  • Sisi discusses Middle East peace with World Jewish Congress chief

    Cairo, Egypt -- Egyptian President Abdel Fattah al-Sisi told the head of the World Jewish Congress Ronald Lauder on Sunday that...

    During his meeting with Lauder in Cairo on Sunday, Sisi called for starting the reconstruction of war-battered Gaza "without displacing its residents from their land".

    "The establishment of a Palestinian state... is the only guarantee to achieve lasting peace," Sisi told Lauder on Sunday.

  • BRICS summit planned for July in Rio, says current chair Brazil

    Rio de Janeiro, Brazil - Leaders of the countries known as BRICS will hold a summit in Rio de Janeiro in...

    Brazilian Foreign Minister Mauro Vieira said that the summit will be held July 6-7 and feature leaders of 20 countries with full or associate status in the bloc

    The BRICS group has expanded significantly since its inception in 2009, and now includes countries such as Iran, Egypt and the United Arab Emirates

  • Lavrov, Rubio pledge to restore dialogue and work on settling Ukraine conflict, says Moscow

    The call came ahead of an expected summit between Donald Trump and Vladimir Putin amid mounting concern from Ukraine and...

    The call came days after the US president's call to Putin ended almost three years of no contact between Moscow and Washington during the Ukraine conflict

    According to Moscow, Lavrov and Rubio pledged to "maintain a channel of communication to resolve the accumulated problems in US-Russian relations".

  • Al-Qassam Brigades members attend the funeral for the members of the Al-Qassam Brigades (the armed wing of the Palestinian group Hamas), in Khan Yunis, Gaza on February 13, 2025. AFP

    Three Gaza hostages set for release after ceasefire crisis abates

    Jerusalem, Undefined - Israel said Friday it had received the names of three hostages to be freed by militants in exchange...

    The hostages due for release Saturday are Israeli-American Sagui Dekel-Chen, Israeli-Russian Sasha Trupanov and Israeli-Argentinian Yair Horn

    The January 19 ceasefire has been under massive strain since US President Donald Trump proposed a takeover of the territory