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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.
  • Morocco to keep Algeria-Spain gas pipeline open

    The operating contract for the Moroccan section of the Maghreb-Europe Gas Pipeline, which links fields in Algeria with Spain, runs out in October
  • Dubai Chamber launches online tool to fill $10b export gaps

    The launch of the tool is in line with the emirate’s new target to boost its foreign trade from around $380 billion to around $545 billion over the next five years.
  • Saudis set sights on space, seek partners for their program

    Saudi Arabia has decided to put its space program high on the list of its agenda, and in this regard a team of the kingdom’s officials is traveling around Europe seeking partnerships with leading companies.
  • 57 Europe-bound migrants drown as boat sinks off Libya

    The ship sank off the Libyan port of Khoms, some 120 kilometres east of the capital Tripoli, a key gateway for Europe-bound migrants
  • US Covid-19 performance worst: Think Tank

    The US has over 34 million confirmed cases and over 600,000 deaths, the highest in the world, and the number of days with less than 5,000 daily new cases is only 62, which is the worst in the world
  • Assad starts new term after re-election described ‘neither free nor fair’

    The vote extending Assad's grip on power was the second since the start of a decade-long civil war that has killed more than half a million people, displaced millions and battered the country's infrastructure
  • DP World makes offer to buy all outstanding shares of Imperial Logistics

    DP World expects the deal to build supply chains especially in Africa Imperial Logistics has operations in 25 countries Dubai-based port operator DP World said on Thursday it has made an offer of $890 million to acquire all the outstanding shares of the Johannesburg Stock Exchange-listed Imperial Logistics, allowing it...
  • Bahrain clinical trials unit beckons pharma manufacturers

    Manufacturers can carry out trials at a fraction of cost in Europe, US National Health Regulatory Authority responsive to safe, quality research trials A clinical trials unit in Bahrain has said it can enable pharmaceutical manufacturers across the world to carry out clinical trials faster than in Europe and America...
  • Volkswagen to stop sale of combustion engines in EU by 2035

    The EU will unveil tougher 2030 CO2 emissions targets and regulatory proposals on July 14 The firm says it will take a little longer in South America and Africa due to the lack of infrastructure, political framework Volkswagen has said it plans to stop producing cars with internal combustion engines...
  • Europe-Gulf parliament talks soon, says top Kuwait lawmaker

    The talks expected to address 'matters of mutual concern'   The Palestinian cause is one of the key issues  Lawmakers from countries from the Gulf and Europe are slated to come together soon for talks in Kuwait that will address "matters of mutual concern," said local reports recently, quoting Kuwait’s National...
  • Insect pest eats into Lebanon’s ‘white gold’ pine nut trade

    Western conifer seed bug is believed to have reached Turkey from Europe in 2010 before entering Lebanon
  • Birla Carbon to raise rates in Europe, Middle East markets

    Hike to compensate additional costs in freight, logistics The company plans more measures to address CO2 emission costs Birla Carbon, a supplier of carbon black, is set to increase the price for all its products made in Europe, Middle East and Africa (EMEA) region by euro 97/MT starting from June...
  • GDPR: Europe entering a new era of data protection

    For weeks now, inboxes have been flooded with bizarre ensemble of companies and organizations reminding people of personal data and asking them to agree new terms of services. Enter the new year of data protection: the European Union’s General Data Protection Regulation (GDPR) is now here and will revolutionize how...
  • Competitiveness: UAE tops leading economies including Canada, Norway

    The UAE has outperformed various advanced economies such as Sweden, Norway and Canada when its comes to competitiveness and has jumped 21 ranks between the years 2011 and 2018, according to a latest report. According to the latest edition of the World Competitiveness Yearbook 2018, published by the Swiss-based Insatiate...