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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.
  • Saudi Space Agency launches ‘Space Futures Centre’

    Riyadh, Saudi Arabia - The Saudi Space Agency (SSA) announced Sunday the launch of the Centre for Space Futures, the...

    The Centre for Space Futures aims to enhance space research, innovation, and international collaboration, boosting Saudi Arabia's role in the global space industry

    The Centre positions Saudi Arabia as a key player in advancing space exploration and technological innovation worldwide

  • How public-private partnerships can ensure ethical, sustainable and inclusive AI development

    Public-private partnerships (PPPs) address AI bias by combining ethical guidelines with technological auditing tools. Governments set accountability frameworks, and companies...

    The rapid pace of AI development, growing awareness of its societal impact and the need to harness AI for good makes bridging the 'AI divide' essential

    By collaborating, stakeholders can ensure AI advances responsibly, equitably and for the greater good, helping to build a more just and sustainable future for all

  • Nobel-winning physicist ‘unnerved’ by AI technology he helped create

    Washington, United States - A US scientist who won the 2024 Nobel physics prize for his pioneering work on artificial intelligence...

    John Hopfield, a professor emeritus at Princeton, joined co-winner Geoffrey Hinton in calling for a deeper understanding of the inner workings of deep-learning systems

    With the meteoric rise of AI - and the fierce race it has sparked among companies - the technology has faced criticism for evolving faster than scientists can fully comprehend

  • Imam Turki bin Abdullah Royal Reserve: A hub for over 40,000 beehives

    The reserve is a sanctuary for plant life, home to over 180 recorded species, making up 7.5 percent of the...

    Imam Turki bin Abdullah Royal Reserve hosts more than 40,000 beehives across 400 sites

    The beekeepers expressed their appreciation to the reserve authorities for the vital support provided

  • After AI, quantum computing eyes its ‘Sputnik’ moment

    Cambridge, United Kingdom - Quantum computing promises society-changing breakthroughs in drug development and tackling climate change, and on an unassuming English...

    The founder of Cambridge-based Riverlane, Steve Brierley, predicts that the technology will have its "Sputnik" breakthrough within years

    "Quantum computing is not going to be just slightly better than the previous computer, it's going to be a huge step forward," he said

  • Dubai-based rowers brave Arctic this July to highlight plastics pollution

    At an indoor pool in Dubai, three rowers battle artificial rain and simulated waves as they train for an Arctic...

    They plan to row for three weeks aboard an eight-meter boat flying the UAE flag, with no sail or engine

    The United Nations says plastics account for 85 percent of all marine trash

  • US, Russian, Belarusian astronauts return to earth after 14 days in space

    Moscow, Russia - A NASA astronaut, a Russian cosmonaut and Belarus's first ever space traveler on Saturday returned to Earth safely...

    "Today, at 10:17am Moscow time (0717 GMT), the descent vehicle of Sozuz MS-24 manned spacecraft landed near the Kazakh city of Jezkazgan," Roscosmos reported.

    The spacecraft took off from the Baikonur space port in Kazakhstan on March 23 after a two-day delay following a hitch in pre-launch preparations.

  • NYUAD and Dolphin Energy sign agreement to boost research into climate change

    Abu Dhabi, UAE--A unique national capacity-building fellowship model offering outstanding Emirati graduates the opportunity to gain experience in a cutting-edge...

    A research assistant at NYU Abu Dhabi, Maryam Al-Memari, has been named the inaugural Dolphin Energy Fellow

    The fellowship is a three-year, individually tailored, intensive programme designed for Emirati early career researchers

  • Gemini’s inaccurate AI racial images warn of tech titans’ power

    AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...

    Gaffes such as the images of ethnically diverse Nazi troops forced Google to temporarily stop users from creating pictures of people.

    Social media users mocked and criticized Google for historically inaccurate images, like those showing a female black US senator from the 1800s.

  • SpaceX poised for third launch test of Starship megarocket

    Two previous attempts have ended in spectacular explosions, though that's not necessarily a bad thing: the company has adopted a...

    Blastoff from the company's launch site in southeast Texas can occur beginning at 7:00 am local time (1200 GMT), after the Federal Aviation Administration

    When the two stages of Starship are combined, the rocket stands 397 feet (121 meters) tall -- beating the Statue of Liberty by a comfortable 90 feet

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