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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.
  • Macron hosts leaders to keep Libya polls on track

    The hydrocarbon-rich North African country has been mired in civil war since the overthrow of dictator Moamer Kadhafi in a...

    The presidential vote on December 24, and legislative elections, are the core parts of a UN plan to help restore stability

    There are also fears over whether the various factions will recognise the results of the polls

  • Elon Musk’s SpaceX launches four astronauts to International Space Station

    After a series of delays, Elon Musk's private company SpaceX launched four astronauts to the International Space Station on Wednesday...

    The station is currently operating with just one NASA astronaut in the US segment to welcome the incoming crew.

    The flight was initially postponed from October 31 first for weather, then a "minor medical issue" affecting one of the crew.

  • Saudi Arabia grants citizenship to foreigners with ‘distinguished talents’

    Saudi Arabia has granted citizenship to an unspecified number of people with "distinguished talents, unique expertise and specializations". ‏Saudi Press...

    Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has approved the citizenship.

    The government said granting citizenship to such people will contribute to the development of various sectors throughout the kingdom.

  • Kuwait to limit visas for Lebanese over Gulf row

    Kuwait is to limit the number of visas it issues for Lebanese nationals as a diplomatic row festers between Beirut...

    “A verbal decision has been taken to be stricter in granting tourist and business visas to Lebanese,” the source told AFP

    The source stressed that no official decision had been made and that visas for visitors from Lebanon have not been suspended

  • Incoming CEO of Israeli spyware firm NSO steps down

    The designated chief executive of NSO, the Israeli firm infamous for phone hacking, is resigning less than two weeks after...

    Isaac Benbenisti was tapped last week to succeed founder and CEO Shalev Hulio

    NSO's Pegasus software can switch on a phone's camera or microphone and harvest its data

  • Scientists appeal for immediate climate action at COP26

    More than 200 scientists told the COP26 summit Thursday to take immediate action to halt global warming, warning in an...

    The scientists warned in an open letter that some climate change impacts were "irreversible" for generations.

    Commitments made so far could still lead to "catastrophic" warming of as much as 2.7C by 2100, according to the UN.

  • UAE and Bahrain hold first joint naval exercise with Israel: US

    The five-day maneuvers in the Red Sea, which is linked to the Mediterranean through the Suez Canal, are intended to...

    The exercises include boarding, search and seizure training on the USS Portland, an amphibious transport dock ship.

    The Red Sea borders Yemen where a Saudi-led coalition has been fighting alongside government forces against Iran-backed rebels since 2015.

  • At Raqa ’roundabout of hell’, Syria lovers find new meeting spot

    Only a few years ago, Al-Naim square was the grim stage for Raqa's public executions. Today, Nader al-Hussein sits in...

    Jihadists flaunted their implementation of Islamic sharia law in the square, carrying out flagellation, crucifixions and even decapitations

    Their marauding morality police made it impossible for lovers to meet, even in private, without risking death

  • Syria reservoir dries up for the first time in 27 years

    The reservoir formed by Al-Duwaysat Dam in Idlib province, a key irrigation source for thousands of farmers, is littered with...

    The reservoir has a capacity of 3.6 million cubic meters (38.8 million square feet) and is mainly used for irrigation and water supply.

    Around 800 families depended on the reservoir to irrigate 150 hectares (370 acres) of farmland.

  • President Xi Jinping warns of Cold War in Indo-Pacific region

    Xi's call came hours after China and the United States announced a surprise pact to accelerate climate action at a...

    Xi's call came hours after China and the United States announced a surprise pact to accelerate climate action at a summit in Glasgow

    The US, Britain and Australia announced in September that they had formed a new alliance, AUKUS, under which Australia will acquire nuclear-powered submarines using US technology

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