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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 mega power plant still seeking takers

    The Ras Al Khair plant produces 1.05 million cu m of desalinated water per day and generates 2.65 GW of...

    Saudi Arabia was planning to sell 60 percent stake in the Ras Al Khair plant and raise $2 billion

    However, bidders backed out after considering several factors, including the plant’s age and its waning technology

  • Mars rocks boost case for ancient life

    The six-wheeled robot collected its first sample, dubbed "Montdenier" on September 6, and its second, "Montagnac" from the same rock...

    The six-wheeled robot collected its first sample, dubbed "Montdenier" on September 6, and its second, "Montagnac" from the same rock on September 8

    Both samples, slightly wider than a pencil in diameter and about six centimeters long, are now stored in sealed tubes in the rover's interior.

  • GCC in hot pursuit of 2050 emission goals

    The GCC nations are looking at the $500-billion market for Green Hydrogen by 2050, but will it be enough?

    IRENA says GCC countries need to invest up to $148 billion each year until 2050 to meet the goals of the Paris agreement

    DNV expects clean-energy expenditure to increase by around 70 percent between 2019 and 2030 to $1.9tn

  • Saudi institute invests $500,000 to research farming in space

    The equity investment was reportedly a part of Interstellar Lab's latest $3-million seed round.

    The non-profit FII Institute has made the investment in the French firm Interstellar Lab

    The Paris-based firm designs closed-loop bio domes for sustaining life on Earth, the moon, and Mars

  • AstraZeneca: Nerve disorder a rare side effect

    The European Medicines Agency has listed the neurological disorder Guillain-Barre syndrome, which can cause temporary paralysis, as a "very rare"...

    Guillain-Barre Syndrome was a "very rare" side effect, occurring in under one in 10,000 people

    The disorder is a nerve inflammation that may cause temporary paralysis and difficulty breathing

  • Aramco to partner with Aveva for sustainability

    Aramco, with this partnership, will focus on driving sustainability in the region through digital transformation.

    The partnership will help Aveva establish its largest digital hub, with R&D capability, in the Middle East

    It will also enrich Saudi Arabia’s knowledge economy by incorporating research from prominent universities across the kingdom

  • Boursa Kuwait launches ESG reporting guide

    Through it, the bourse aims to drive the embrace of Corporate Sustainability in the Kuwaiti capital market.

    The guide will introduce the ESG universe to companies listed on the stock exchange

    It will also highlight the benefits of ESG disclosure and best practices

  • UAE, Brazil discuss cooperation in space field

    UAE’s Ambassador to Brazil, Saleh Ahmed Al Suwaidi, discussed the ties with Brazilian space agency AEB’s President Carlos Moura. He...

    The two countries discussed various possible areas for cooperation in the space sector

    Brazil also thanked the UAE for its inclusion of space-science topics in Expo 2020 Dubai

  • Success rocks: NASA’s US$2.75bn Perseverance ‘pays’

    The rover succeeds in its second attempt to scoop up a piece of Martian rock for future analysis by scientists...

    The rover succeeds in its second attempt to scoop up a piece of Martian rock for future analysis by scientists on Earth

    Perseverance, NASA's latest Mars rover, had landed on the planet's Jezero crater in February

  • Global cost of dementia to cross $1.7trn by 2030

    The disease, which robs people of their "memories, independence and dignity", is on the rise worldwide but few countries are...

    Figure is set to rise to 78 million by 2030 and 139 million by 2050 as the population grows older

    Yet only a quarter of countries worldwide have a national strategy for supporting people with dementia and their families

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