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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.
  • New Iraq project to reduce flaring at oilfields, consolidate gas production

    The new project, signed in 2017 with oil services company Baker Hughes, will eventually allow 200 million cubic feet of...

    The implementation of the project and the gas exploitation may have to wait 30 months for the completion of infrastructure works

    The amount of gas torched in Iraq annually reached 17.37 million cubic metres last year, says the World Bank

  • SpaceX all-civilian orbital crew completes mission

    Jared Isaacman, who financed the trip with a goal of making space a bit more accessible, said it was heck...

    Jared Isaacman, who financed the trip with a goal of making space a bit more accessible, said it was heck of a ride

    The stated goal of the mission, called Inspiration4, was to encourage the democratization of space

  • Scientist makes whitest paint; it might reduce AC bill!

    Its inventor said this paint was used to cover a roof area of about 1,000 square feet, it could give...

    The paint has a reflectivity of 98.1 percent, as compared to most white paints that have a reflectivity of 80-90 percent

    This means it can reflect heat and light better, which will continue to cool whatever it is coating

  • Dubai Police to use AI to secure Expo 2020

    This would include monitoring visitors for safety from the moment of their arrival to the UAE until they reach the...

    The Dubai authorities have already taken several other steps to secure Expo 2020

    This is especially after it has already been delayed by a year due to the Covid-19 pandemic

  • UN needs another $100trn for SDGs

    The Force for Good initiative has said the UN has funding gap of $84-101 trillion in achieving the SDGs.

    The 17 SDGs are goals that the UN set forward in 2015, which would be accepted by all its members states, to build a better planet

    They include, but are not limited to goals like No Poverty, Zero Hunger, Good Health and Well Being, Quality Education, and Gender Equality

  • World on path to 2.7C warming, warns UN chief

    Instead of the reductions needed to avoid the worst effects of climate change, global emission are likely to see "a...

    The figure would shatter the temperature targets of the Paris climate agreement

    Under the landmark 2015 Paris deal, nations have committed to slash emissions

  • Unesco recognizes Saudi marine sanctuary

    The UN body has registered the Farasan Island Marine Sanctuary in its Man and Biosphere Program.

    The Farasan Islands are said to support the largest population of idmi gazelle in Saudi Arabia

    They also have high concentrations of greater flamingo, pink-backed pelican, Eurasian spoonbill, and osprey

  • SpaceX sends all-civilian crew into orbit

    Unlike previous missions, there will be no experienced or officially trained astronaut onboard. The SpaceX launch is the first of...

    The Falcon 9 rocket blasted off on Wednesday night from the Kennedy Space Center in Florida.

    The four space tourists will orbit the Earth for three days in a fully automated Crew Dragon capsule that has been specially designed for this journey.

  • Bioscience firm to bring back extinct woolly mammoth

    New company Colossal, capitalizing on a partnership with a Harvard geneticist, said its species "de-extinction" effort has the potential to...

    Woolly mammoths roamed much of the Arctic, and co-existed with early humans

    For decades, scientists have been trying to sequence the mammoth's DNA

  • UAE launches competition to promote space-related careers

    The competition, called Planet X, has been launched by Emirates Mars Mission in partnership with the Dubai Airshow 2021.

    The multidisciplinary contest is expected to help young Emiratis interested in science, technology, engineering, and mathematics

    As part of the two-month contest, they will have to build, code, and design robots for deep-space exploration

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