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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.
  • East Libya strongman Haftar says to run for president

    Haftar's announcement comes two days after the candidacy of Seif al-Islam Kadhafi -- the son of slain dictator Moamer Kadhafi...

    In his speech Tuesday, Haftar affirmed that the December election is "the only way to pull Libya out of chaos".

    Backed by Russia, Egypt and the United Arab Emirates, Haftar is a controversial figure, despised by many in western Libya.

  • Hundreds of migrants assisted off coast, says Morocco

    Moroccan coast guards have assisted more than 300 migrants in difficulty aboard various craft since Friday.

    Despite stepped-up controls, migrant departures from Morocco's coasts have increased lately

    Mainland Spain is only about 20 kilometers (12 miles) from Morocco

  • Biden urges ‘guardrails’ against conflict in virtual Xi summit

    Biden emphasized the need for settling a relationship rocked by high-stakes disputes, including on trade and Taiwan.

    Biden emphasized the need for settling a relationship rocked by high-stakes disputes, including on trade and Taiwan

    Xi, speaking from Beijing, called Biden "my old friend," but said the rivals must work more closely

  • Aviation emerging out of Covid crisis, outlook brightening: Airbus CEO

    The global aviation sector has begun to emerge from the Covid pandemic, its worst-ever crisis, and the "outlook is starting...

    A large order of 255 of Airbus' planes at the Dubai Airshow "completely justifies" a shift to ramping up manufacturing, the CEO said.

    The United States has largely resumed, Europe is also resuming. Asia will probably take a little longer, Guilluame Faury said.

  • Expo opportunity to boost UAE-Monaco cooperation: Prince Albert II

    Prince of Monaco, Albert II has called Expo 2020 Dubai a "great opportunity" to enhance the cooperation between his country...

    The UAE and Monaco are centers of global exchanges, the prince said on the sidelines of Monaco's National Day celebration at Expo.

    Monaco’s pavilion at Expo 2020 is located in the Opportunities District and is inspired by the legendary Rock of Monaco.

  • Middle East’s first waste-to-sustainable aviation fuel plant to come up in Abu Dhabi

    Abu Dhabi Waste Management Centre (Tadweer) has signed an agreement with Etihad Airways to facilitate the development of the first...

    The plant can convert 4 million tons of municipal waste every year into 140 million gallons of fuel.

    The plant will help Abu Dhabi to divert 75 percent of municipal waste away from landfills.

  • UAE says COP26 a ‘success’ but world still needs to invest billions in oil, gas

    The UAE, one of the world’s top crude exporters, said a recent UN climate summit in Glasgow was a “success”...

    Nearly 200 countries at the COP26 summit pledged Saturday to speed up the fight against rising temperatures, after two weeks of negotiations.

    UAE minister of industry Sultan al-Jaber said oil and gas industry would have to invest “over $600 billion every year until 2030 just to keep up with the expected demand".

  • Iran invites UN nuclear watchdog chief to Tehran for talks

    Iran has invited the head of the International Atomic Energy Agency for talks after the UN official expressed concern over...

    Rafael Grossi is expected to meet with Iran's foreign minister and the country's atomic energy chief.

    Grossi last visited Tehran in September, where he clinched a deal over access to surveillance equipment at Iran's nuclear facilities.

  • Iraq to start repatriating citizens in Belarus Thursday: ministry

    Thousands of migrants from the Middle East, including many from Iraq's autonomous Kurdistan region, are camped out on the EU-Belarus...

    Thousands of migrants from the Middle East, including many from Iraq's autonomous Kurdistan region, are camped out on the EU-Belarus border

    Western countries accuse Belarusian President Alexander Lukashenko's government of engineering the crisis by encouraging migrants to come to Belarus

  • UAE, Greece, Cyprus foreign ministers hold tripartite meeting

    The three leaders also reviewed issues of common interest, the situation in the region, along with regional and international developments.

    The three leaders also reviewed issues of common interest, the situation in the region, along with regional and international developments.

    The foreign ministers of Cyprus and Greece highlighted the importance of this tripartite meeting and its role in promoting frameworks of joint cooperation with the UAE

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