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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.
  • First India-Pakistan match since conflict fires up Asia Cup

    New Delhi, India -- A blockbuster between India and Pakistan headlines the Asia Cup starting on Tuesday as they face off for the first time in cricket since the military conflict in May. Along with regional bragging rights, the Twenty20 competition will serve as a build-up towards the T20 World...
  • ADNOC Distribution H1 dividend $350m

    The total dividend for 2024 is expected to be $700 million.
  • Israel army tells Lebanese to ‘move away’ from Hezbollah sites

    The Israeli military on Monday told people in Lebanon to move away from Hezbollah targets and vowed to carry out more "extensive and precise" strikes against the group."We advise civilians from Lebanese villages located in and next to buildings and areas used by Hezbollah for military purposes, such as those...
  • United by innovation and progress: The enduring US-UAE partnership

    ‘’In close partnership, we are working to advance multilateral diplomatic solutions and provide urgently needed humanitarian assistance in Gaza and Sudan. Our ongoing defense and counterterrorism cooperation makes our countries and the world more secure. U.S. and UAE troops have stood shoulder to shoulder in six conflicts over the last...
  • Kuwaiti Foreign Minister Abdullah Al Yahya, right, and Iranian Foreign Minister Abbas Araqchi at the United Nations. (UN)

    Iran arrests 12 accused of collaborating with Israel

    Iranian authorities have announced the arrest of 12 people accused of "collaborating" with the country's arch-foe Israel, local media reported on Sunday. Meanwhile, Iran has enhanced efforts to build relations with its Arab neighbors by holding talks with Arab leaders at the United Nations.
  • Egyptian Foreign Minister Badr Abdelatty

    Egypt fears ‘all out’ regional war, says foreign minister

    Egypt's foreign minister Sunday warned of the risk of an all-out regional war in light of intensified fighting between Israel and Lebanon's Hezbollah, saying the escalation "negatively impacted" a Gaza truce deal. Meanwhile, the world powers on Sunday implored Israel and Lebanon's Iran-backed Hezbollah movement to refrain from escalating their...
  • UN Secretary-General Antonio Guterres speaks during "Summit of the Future" on the sidelines of the UN General Assembly at the United Nations Headquarters in New York, September 22, 2024. (AFP)

    UN adopts pact to tackle volatile future for mankind

    UN members adopted a blueprint for the future Sunday to tackle the myriad wars, environmental threats, and technological challenges facing humanity that were hailed by the organization as "groundbreaking" but panned by critics as unambitious. Secretary-General Antonio Guterres billed them as "landmark agreements - a step-change towards more effective, inclusive,...
  • Researchers decode oldest human DNA

    The genetic sequences were from a man and a woman whose remains were found at a rock shelter near the southern coastal town of George, South Africa.
  • A woman takes a photograph of an Israeli flag deployed on the wall of a damaged building in Kiryat Bialik in the Haifa district of Israel, following a reported strike by Lebanon's Hezbollah on September 22, 2024. (AFP)

    Netanyahu says Israel has ‘landed a series of blows on Hezbollah’

    Israeli Prime Minister Benjamin Netanyahu said Sunday that Israel has dealt serious blows to the Lebanese group Hezbollah, as rapidly escalating cross-border exchanges raised fears of an all-out war. Netanyahu's remarks follow a night of intense rocket fire at northern Israel that had sent hundreds of thousands of people to...
  • Mourners and colleagues holding 'press' signs surround the body of Al-Jazeera Arabic journalist Ismail al-Ghoul, killed along with his cameraman Rami al-Refee in an Israeli strike during their coverage of Gaza's Al-Shati refugee camp, on July 31, 2024. (File photo/AFP)

    Al Jazeera TV raided in West Bank; ordered to close for 45 days

    Global news channel Al Jazeera said armed and masked Israeli forces raided its office in Ramallah in the occupied West Bank on Sunday and issued a 45-day closure order. It was the latest salvo in a long-running feud between the Arab broadcaster and Prime Minister Benjamin Netanyahu's government which has...
  • A handout picture provided by the Iranian Red Crescent (RCS) shows security forces gathered at the scene of a blast at a coal mine in Tabas in Iran's Khorasan province on September 22, 2024. (Photo by Iranian Red Crescent / AFP)

    Coal mine blast in Iran kills more than 50 mine workers

    A blast caused by a gas leak at an Iranian coal mine has killed at least 51 people, state media said Sunday, in one of the country's deadliest work accidents in years. "The number of dead workers increased to 51" in the explosion at the Tabas mine in eastern Iran,...
  • Saudi Arabia achieves 73 percent increase in international tourist arrivals: UN report

    The kingdom welcomed 17.5 million international tourists in the first seven months of 2024, leading G20 nations in tourism growth for the period.
  • Top Hezbollah commander killed in Israeli strike on Beirut

    The killing of Aqil was the second of a senior Hizbollah commander since the start of the war in Gaza, following another Israeli strike in Beirut that killed Fuad Shukr in July. It also came after two waves of explosions, on Tuesday and Wednesday, of communication devices used by Hizbollah...
  • GACA report: Riyadh’s King Khalid Airport ranked best for 15M+ passengers

    Riyadh, Saudi Arabia - King Khalid International Airport in Riyadh secured the top spot in the category of airports with more than 15 million passengers annually, with an 82% compliance rate. Following closely behind was King Abdulaziz International Airport in Jeddah at 82%.This was revealed in the report issued by...
  • Israel pounds Lebanon as Hezbollah vows revenge for device blasts

    Israel said it struck hundreds of targets in Lebanon, hours after Hezbollah's leader vowed to retaliate for two "unprecedented" rounds of attacks targeting its operatives' communication devices.Israel has not commented on the explosion of thousands of Hezbollah pagers and radios, which killed 37 people and wounded nearly 3,000 over two...
  • Hizbollah chief admits ‘unprecedented’ blow in device blasts

    Israel has not commented on the attacks in which Hizbollah operatives' pagers and walkie-talkies exploded in supermarkets, on streets and at funerals, plunging the country into panic. But Defence Minister Yoav Gallant said on Wednesday, in reference to Israel's border with Lebanon: "The centre of gravity is moving northward."
  • World Bank boosts climate financing by 10 percent

    Washington, United States - The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in the last financial year, up 10 percent from a year earlier.The development lender has looked to boost its climate financing commitment under new president Ajay Banga, who took over last...
  • Global tourism nears full recovery, led by Middle East’s 26% growth in 2024

    While Europe and Americas have nearly returned to pre-pandemic levels, the Middle East's growth outpaces all other regions, UN World Tourism Organization says.
  • Elon Musk’s Starlink internet launches in war-scarred Yemen

    Dubai, United Arab Emirates -- Tech billionaire Elon Musk's satellite internet service Starlink has launched in Yemen, provoking the anger of Iran-backed Houthi rebels in the country shattered by civil war.The company -- run by the world's richest person -- announced its arrival in Yemen, one of the world's least developed...
  • A man holds an Icom walkie talkie device after he removed the battery during the funeral of persons killed when hundreds of paging devices exploded in a deadly wave across Lebanon on September 17 and 18 blamed on Israel. (AFP)

    Lebanon device blasts: what we know about deadly attacks

    Hundreds of pagers and walkie-talkies used by Hezbollah exploded across Lebanon in unprecedented attacks this week, killing 37 people and wounding more than 2,900. The blasts spanning two days have dealt a major blow to the Iran-backed resistance group
  • Latest batch of device explosions in Lebanon stoking fears of a full-blown war with Israel

    A second deadly wave of unprecedented explosions in the strongholds of Lebanon's Hezbollah left it in disarray on Thursday, hours before a major speech by its leader Hassan Nasrallah.The latest batch of device explosions killed 20 people and wounded more than 450 others on Wednesday, officials said, stoking fears of...
  • ‘Saudi Arabia’s tourism sector to achieve 150 million visitors by 2030’

    Saudi Arabia isn't aiming to be the next Dubai but is forging its own unique path in tourism," Aradhana Khowala tells TRENDS in an exclusive interview.
  • People and first responders gather at the scene of a reported device explosion in Saida in southern Lebanon on September 18, 2024. A second wave of device explosions hit Lebanon after Tuesday's terror attack blamed on Israel. (AFP)

    Lebanon under attack. Fears of all-out war. 20 killed, 450 injured. Israel blamed and flayed.

    A second wave of device explosions killed 20 people and wounded more than 450 in Lebanon on Wednesday, officials said, stoking fears of an all-out war in the region. On Tuesday, pager explosions killed 12 and injured more than 2,800 people in Lebanon blamed on Israel.
  • UN rights chief demands accountability for Lebanon pager blasts

    The explosions that killed 12 people, including two children, and wounded up to 2,800 others
  • What a Fed rate cut could mean for the world

    The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the COVID-19 pandemic — and despite the move being widely forecast, global investors are braced for impact, CNBC reportedThe Fed is behind a swathe of its central bank peers, including those in...
  • What are the needs and challenges of an ageing workforce?

    Age bias in the world of work is real. But it is more complex and nuanced than the common narrative around ageism. Individuals struggle to return to work for many reasons. There are five interrelated dimensions we are seeing, all of which will require ecosystem-based solutions.
  • UAE banks’ Q2 investments in Islamic certificates, cash bills surge to $61.81bn

    The banking sector in the country maintained strong capital adequacy, exceeding Basel 3 requirements, according to the Central Bank.
  • An ambulance rushes wounded people to the American University of Beirut Medical Center, on September 17, 2024, after explosions hit locations in several areas around Lebanon amid ongoing cross-border tensions between Israel and Hezbollah fighters. Hundreds of people were wounded when Hezbollah members' paging devices exploded simultaneously across Lebanon on September 17, in what a source close to the militant movement said was an "Israeli breach" of its communications. (AFP)

    Israel infiltration in Hezbollah supply chain likely behind pager explosions; 9 dead, 2,800 injured

    Lebanon's health minister said nine people were killed and some 2,800 wounded Tuesday when pagers used by Hezbollah members exploded across the country. The blasts "killed nine people, including a girl", minister Firass Abiad said in a casualty update.
  • Middle East renewable energy projects investments reach $75bn

    London, UK -- The Middle East is moving towards investing $75.63 billion in renewable energy projects until 2030, according to a new report.The report, released today by the Energy Industry Council, showed that these investments include 116 renewable energy projects, which are expected to be operational between 2025 and 2030.These...
  • Israel PM adds war goal of allowing northern residents to return home

    Israel's Prime Minister Benjamin Netanyahu on Tuesday expanded the country's goals for the war in Gaza, vowing to allow Israelis who fled areas near the Lebanon border to return to their homes.Nearly a year after Hamas's October 7 attack sparked war in the Gaza Strip, cross-border fire has been traded...
  • Residential, hospitality sectors drive Saudi Arabia’s real estate market in H1 2024

    The Kingdom’s tourism and entertainment investments, including a new star rating system, support growth in hospitality, positioning Saudi Arabia as a global leisure destination by 2030.
  • A demonstrator wearing a mask representing Israel's Prime Minister Benjamin Netanyahu lifts a placard during a recent anti-government protest by Israeli activists in Tel Aviv. (AFP)

    Israel faces risks of global isolation and losing UN membership over Gaza genocide, say UN experts

    Experts from the United Nations have warned that Israel might become a pariah state, and its UN membership is under question as Tel Aviv continues to commit genocide in Gaza killing more than 40,000 people since October 7, 2023. Experts also reprimanded the Western countries for double standards on Netanyahu’s...
  • First Palestinian ambassador to Spain submits credentials

    The head of state welcomed Housni Abdel Wahed to the royal palace in Madrid for the traditional ceremony for newly appointed foreign ambassadors to Spain
  • Europe’s Electric Vehicle troubles bubble up at Brussels Audi factory

    Brussels, Belgium -- Outside an Audi factory in Brussels described by the German carmaker as the "cradle" of its electric drive, around 200 picketing workers huddled around a bonfire in the morning drizzle.The firm is considering closing the plant, a move that analysts say is symptomatic of the troubles afflicting Europe's...
  • TAQA launches new corporate identity

    Abu Dhabi Energy Services will be renamed as TAQA Services.
  • Stocks firm, dollar subdued as market flirts with outsized Fed cut

    Asian stocks dithered and the dollar slipped on Monday in a week that is almost certain to see the start of an easing cycle in the United States with investors flirting with the chance of an outsized move, Reuters reported.Central banks in Japan and the UK also meet this week, with both...
  • Yemeni rebel missile hits central Israel in rare attack

    Jerusalem, Undefined - A missile launched by Yemen's Hamas-aligned Houthi rebels hit central Israel on Sunday, a rare incident which caused no casualties but added to regional tensions nearly a year into the Gaza war.Prime Minister Benjamin Netanyahu said the Iran-backed Houthis will pay a "heavy price" for the attack, which...
  • Trump safe after apparent assassination attempt, person in custody

    The incident came amid heightened tensions in the knife-edge presidential race, and concern for the safety of both candidates. "There is no place for political violence or for any violence ever in our country," President Joe Biden said in a statement.
  • Russia-Ukraine: A tragic comedy of errors

    As the Russia-Ukraine conflict grinds on, the West's financial commitment grows, while neither Zelenskyy nor Putin shows interest in peace talks. Zelenskyy, backed by Western support, has postponed elections, and the war allows him to stay in power as well as avoid focusing on Ukraine’s struggling economy.
  • Gaza rescuers say Israeli strike on house kills 11, including children

    "We have recovered the bodies of 11 martyrs, including four children and three women, after an Israeli warplane hit a three-story house of the Bustan family," Mahmud Bassal, spokesman for the civil defense agency said. He said that the house was located near the Shujaiya school in the Al-Tuffah neighborhood...
  • GACA and Volar to build UAE’s first Green Aviation Technology Center

    Montreal, Canada -- The General Civil Aviation Authority (GACA) and Volar Air Mobility have signed a Memorandum of Understanding (MoU) to develop the UAE's first Green Aviation Technology Hub, marking an important step in the country's efforts towards environmental sustainability and aviation innovation."The signing of the MoU took place on...
  • Standard & Poor’s affirms Saudi Arabia’s ‘A/A-1’ credit rating

    Riyadh, Saudi Arabia – Standard & Poor's (S&P) affirmed the Kingdom's credit rating in local and foreign currency at "A/A-1" with an improvement in outlook from "stable" to "positive," according to its recently issued report.In its report, S&P explained that its affirmation of the Kingdom's strong credit rating results from...
  • Stock markets rise, gold hits record high as US rate cut nears

    More data this week suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for global equities after recent drops caused by worries of a possible US recession. Wall Street shares were up near midday deals while European markets closed in the green, a day after...
  • Aramco Digital, Groq to build world’s largest AI inferencing data center

    Riyadh, Saudi Arabia -- Aramco Digital Company and Groq, a leader in artificial-intelligence (AI) inference, have announced their partnership to establish the world's largest inferencing data center in Saudi Arabia. The announcement was made on the sidelines of the Global AI Summit (GAIN Summit), which concluded in Riyadh on Thursday.The...
  • Raided West Bank city holds funerals after Israeli army withdraws

    On Friday morning, hundreds of people walked through the streets of Tubas alongside the four bodies hoisted on stretchers and wrapped in white cloth
  • North Korea shows first photos of banned uranium enrichment site

    North Korea for the first time showed images of the centrifuges that produce fuel for its nuclear bombs on Friday, as leader Kim Jong Un visited a uranium enrichment facility and called for more weapons-grade material to boost the arsenal, Reuters reported.The state media report on Kim's visit to the...
  • Microsoft cutting more jobs from its gaming unit amid industry layoffs

    San Francisco, United States- Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its belt following the blockbuster buyout of "Call of Duty" maker Activision Blizzard.The elimination of mostly corporate and support roles across Microsoft Gaming is intended to "organize our business for long-term...
  • US releases $1.3 billion in military aid to Egypt

    The United States, Egypt and Qatar are parties to the negotiations for the release of the hostages held by Hamas since its attack on Israel on October 7, and on the cessation of a subsequent Israeli military operation in Gaza that has killed tens of thousands.
  • Dubai tourism shines: 25 percent repeat visitors, rising AI use

    Dubai, UAE -- Dubai Corporation for Tourism and Commerce Marketing (DCTCM) has confirmed that 25 percent of visitors to Dubai are repeat visitors, reflecting their satisfaction with the experience the city has to offer.Speaking at a keynote session on the second day of the Dubai AI and Web 3 Festival,...
  • EU’s top diplomat urges de-escalation at Lebanon-Israel border

    As war has raged in the Gaza Strip following Hamas's October 7 attack on Israel, Lebanon's Hezbollah has traded near-daily fire with Israeli forces in support of the Palestinian group
  • UN chief says six colleagues killed in Israel strike on Gaza school

    United Nations Secretary-General Antonio Guterres said late Wednesday that Israeli air strikes on a school-turned-shelter in Gaza killed six staffers from the UN Palestinian refugee agency (UNRWA)."What's happening in Gaza is totally unacceptable," Guterres said in a post on social media platform X. "Six of our @UNRWA colleagues are among...