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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.
  • WHO renews ties with Saudi drug authority for global cooperation

    The approval is expected to transform the regional center into a global center covering the eastern Mediterranean and Africa.

    The move aims to contribute to the SFDA in assisting emerging countries in monitoring and regulating medical devices and supplies

    It also looks to benefit from the WHO’s expertise in various regulatory and supervisory areas in medical devices and supplies

  • China pulls no punches to beat Covid

    Leaving a fine mist of disinfectant in their wake, China's hazmat-clad health workers are cleaning homes, roads, parcels and even...

    China is tied to a zero-Covid strategy, wielding snap lockdowns, mass testing and lengthy quarantines as part of unrelenting efforts to quash virus outbreaks

    The sight has become one of the most visual expressions of China's zero-Covid policy

  • US nears 1m Covid dead, as New York seeks to move on

    America recorded its first coronavirus death, on the West Coast, in early February 2020. By the next month, the virus...

    The US has recorded a rise in the number of daily virus cases in recent weeks due to the new Omicron subvariant and the lifting of mask mandates

    Ideological clashes in public over curfews, mask mandate, and vaccine mandates resulted in the country hitting the highest death toll in the world

  • Saudi Space Commission looks to explore cooperation with NASA

    Saudi Space Commission Board of Directors Chairman Abdullah Amer Alswaha is on a tour of the US to develop the...

    The two countries discussed opportunities for strategic cooperation to develop the space sector

    They also mulled investment in future joint projects to achieve mutual economic and strategic goals

  • UAE’s Covid-19 response gets global plaudits

    Earlier this year, the UAE rose to the top of Bloomberg’s Covid Resilience Ranking, outperforming European countries in terms of...

    For one, smart-technology platforms were effectively used in the UAE to combat Covid-19

    The UAE also adopted the mandatory use of face masks in March 2020, well ahead of the WHO recommendation

  • Astronaut crew returns to Earth after six months

    Crew-3 carried out hundreds of scientific experiments, including growing chilies in space to add to the knowledge of cultivating crops...

    Crew-3's expedition came at an increasingly busy time for commercial space.

    The ISS now awaits docking with an uncrewed Boeing Starliner capsule, which is set to launch from Florida on May 19.

  • Can pee help feed the world?

    In the past, urban excrement was transported to agricultural fields to be used as fertilizer along with animal manure, before...

    Chemical fertilizers create emissions of the potent greenhouse gas nitrous oxide, contributing to climate change.

    Urine is not normally a major carrier of disease, so the World Health Organization recommends leaving it for a period of time, although it is also possible to pasteurize it.

  • UAE to send astronaut on six-month International Space Station mission

    The United Arab Emirates announced Friday it will send an astronaut on a six-month mission to space, as it seeks...

    The country signed "a new agreement to send the first Arab astronaut on a long 180-day mission to the International Space Station", tweeted UAE's vice president Sheikh Mohammed.

    The astronaut will be part of the SpaceX Crew-6 mission, scheduled for launch in 2023.

  • Videoconferencing hinders creativity, study finds

    The pandemic has changed the nature of office work, propelling a massive rise in videoconferencing that looks unlikely to abate...

    Seeking to find out how this huge change affects creativity, US researchers studied 1,500 employees of a telecommunications company in Finland, Hungary, India, Israel and Portugal.

    The pairs who spoke in person came up with around 15 percent more, according to the study published in the Nature journal.

  • Saudi Arabia lifts ban on poultry and eggs from Denmark

    Saudi Arabia had stopped the imports as reports of avian influenza, or bird flu, emerged from across the world.

    Food products have a significant role in Denmark’s economy

    Two-thirds of his country’s exports are mainly food products

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