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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.
  • Webb Telescope’s images contain new insights

    The James Webb Space Telescope's first images aren't just breathtaking they contain a wealth of scientific insights and clues that...

    Webb captured the signature of water, along with previously undetected evidence of clouds, haze and regions of star formation

    Astronomers will use Webb to delve deeper into specifics about "planetary nebulae" like these, which spew out clouds of gas and dust

  • James Webb Space Telescope opens its eyes on the universe

    Distant galaxies, bright nebulae, and a faraway giant gas planet are among the observatory's first targets.

    Distant galaxies, bright nebulae, and a faraway giant gas planet are among the observatory's first targets

    NASA chief Bill Nelson has promised the "deepest image of our Universe that has ever been taken."

  • AI set to play key role in fight against climate change

    Most of the public and private sector leaders believe that Artificial Intelligence is a valuable asset in fight against climate...

    Most of the public and private sector leaders believe that Artificial Intelligence is valuable asset in fight against climate change but insufficient expertize remains a challenge

    A latest Boston Consulting Group report cited the limited availability of AI solutions as a roadblock. It also pointed to lack of confidence in AI-related data

  • Horseshoe crab vital for vaccine safety

    Their bright blue blood has been essential for testing the safety of biomedical products since the 1970s, when it replaced...

    Around 10 percent of the population is lost each year  as their exposed undersides bake in the Sun.

    Every year around 500,000 horseshoe crabs are harvested and bled for a chemical called Limulus Amebocyte Lysate, vital for testing against a type of bacteria.

  • Metaverse can contribute $4bn to UAE economy

    The Dubai Metaverse Strategy anticipates that 42,000 jobs will be virtualized through the metaverse by 2030 while also improving resident...

    The Dubai Metaverse Strategy, which was recently announced, aims to raise the metaverse sector's contribution to the UAE's economy to $4b by 2030

    Dubai companies like Emirates, Damac and others are already betting big on this world, and many more are expected to join the pack

  • Saudi-Italian space agencies ink pact on cooperation

    The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field...

    Saudi Space Commission, Italian Space Agency sign an MoU to enhance cooperation in space-related activities for peaceful purpose

    Federation of Saudi Chambers and General Confederation of Italian Industry ink an MoU to establish a joint Italian-Saudi business council

  • Iraq’s summer of ‘hell’ has just begun

    Umm Mohammed, 74, waves a fan back and forth to cool down, but in the blistering heat of Iraq's southern...

    While Basra is used to scorching summers, this year it has started sooner than expected, bringing misery to residents in a city also plagued by chronic electricity shortages

    Chronic power cuts are exacerbated in the summer, and only those who can afford private generators are able to keep their fridges or air conditioning units running

  • Saudi first in Arab world on Nature index for quality scientific research

    Saudi Arabia ranked first in the Arab world and 30th globally in the British “Nature” index for evaluating countries, universities...

    The kingdom ranked 30th globally on the index that evaluates universities for the quality of scientific research.

    “Nature” included 26 Saudi universities in its tables for this year, compared to only 16 universities in 2018.

  • High taxes on tobacco in MENA weans users off habit

    The use of tobacco by people across the world has gone down, and the Middle East has been no exception,...

    The World Health Organization (WHO) said tobacco users have decreased from 1.32 billion 2015 to 1.30 billion in 2021

    In the UAE, the trade in tobacco went down from Dh410 million to Dh62.4 million

  • Flood of net zero vows suffer ‘credibility gap’: report

    While countries, cities and companies have massively ramped up net-zero emissions promises in recent months there remain "major flaws" in...

    Most rich countries have announced they will be net zero by 2050, while China and India have vowed to reach that point by 2060 and 2070, respectively

    The report draws on a database of over 4,000 governments, cities, states and major companies and comes as climate negotiators are meeting in Germany

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