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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.
  • Arab states erupt in condemnation after US strikes on Iran

    Iran's former arch-rival in the region, Saudi Arabia, which has been engaged in a Chinese-brokered détente with Tehran since 2023, expressed "great concern" over the attacks. Gulf countries have been engaged in a diplomatic frenzy for solutions since Israel launched its air campaign on their neighbor Iran on June 13.