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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.
  • Green drive: Middle East bets big on renewables

    To forestall the crippling effects of climate change, Saudi Arabia and the UAE have put on track projects worth billions...

    Saudi Green Initiative aims to plant 10 billion trees in the coming years

    RENA says the MENA region will save 354 million barrels of oil through the deployment of renewables

  • ‘July was world’s hottest month on record’

    The month was 0.02 degrees Fahrenheit higher than the previous record set in July 2016, which was equaled in 2019...

    The month was 0.02 degrees Fahrenheit higher than the previous record set in July 2016, which was equaled in 2019 and 2020

    Asia had its hottest July ever, surpassing 2010, it said, while Europe had its second-hottest July, trailing only 2018

  • 10 die from Covid in Saudi Arabia

    Covid shows no signs of relenting as ten people died in Saudi Arabia on Friday, and 681 were infected with...

    The total number of recoveries in the Kingdom has increased to 520,358

    A total of 8,388 people have succumbed to the virus in the Kingdom so far

  • Private investors set to inject $7.3bn in Saudi health

    Saudi Arabia is aiming to lure private investors into the health sector of the kingdom with its plan to take...

    The Saudi Ministry of Health aspires to increase the private sector’s participation from 25 percent to 35 percent by 2030

    It is seeking to operate medical cities, hospitals and primary care centers

  • Speed up Covid-19 origin studies: WHO

    Locating origins of the pandemic began important for establishing the origins of all future animal-human spillover events, WHO said.

    Locating origins of the pandemic began important for establishing the origins of all future animal-human spillover events, WHO said.

    Advises against blame game or politicizing the pandemic situation.

  • China approves first mixed-vaccine trial as Delta spread

    The trial will test the efficacy of combining an "inactivated" vaccine made by China's Sinovac with a DNA-based one developed...

    The trial will test the efficacy of combining an "inactivated" vaccine made by China's Sinovac with a DNA-based one developed by US pharmaceutical company Inovio

    Preclinical work has found that "two different vaccine applications... produce an even stronger and more balanced immune response"

  • UAE sends 300,000 COVID-19 vaccine doses to Comoros

    An aircraft loaded with the supplies, which also included 600,000 injection needles, left the UAE for Comoros on Tuesday.

    With a population of nearly 890,000, Comoros has seen 4,031 cases of Covid-19 infection

    A total of 147 of these infections resulted in death, most of them in January-February this year

  • Egypt receives first shipment of J&J vaccine

    Egypt has received its first shipment of J&J vaccine to inoculate Egyptians against Covid. The Ministry of Health stated that...

    Monday’s doses to be distributed to 126 centers designated to vaccinate people wanting to travel abroad

    The shipment consisted of 261,600 doses of the vaccine

  • Bombshell UN climate change report shows global warming accelerating

    Years in the making, the sobering United Nations report approved by 195 nations shines a harsh spotlight on governments dithering...

    The report shines a harsh spotlight on governments dithering in the face of mounting evidence that climate change is an existential threat

    Scientists are observing changes in the Earth’s climate in every region & across the whole climate system

  • Covid infects unvaxxed Saudis galore

    Saudi Arabia’s health officials are warning people that Covid-19 was spreading rapidly among unvaccinated in the kingdom.

    Transmission among unvaccinated people increases the possibility of new versions or variants, which have prolonged the pandemic

    The kingdom announced 14 deaths from COVID-19 on Friday bringing the national death toll to 8,311

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