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78.67
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70.69
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1,206.90
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833.30
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Silver
14.31
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Prayers

Dhuhr
12:15
Saturday
22
September 2018

Fajr
Fajr
04:48
Sunrise
Sunrise
06:07
Dhuhr
Dhuhr
12:15
Asr
Asr
15:41
Maghrib
Maghrib
18:23
Isha
Isha
19:53
Markets

2,764.38 0.86%
Volume
236,766,479
Turnover
0.86%
Trades
2,880
26
Up
3
Flat
6
Down
Traded stocks 35
4,883.42 -0.01%
Volume
103,054,247
Turnover
-0.01%
Trades
1,501
9
Up
4
Flat
12
Down
Traded stocks 25
Most active
Elaf
0.22
Siyaha
7.25
Bithor
4.9
Tasweeq
8.5
Al Mansour Bank
0.62
Khaleeg
0.19
Credit
0.44
Ameen
0.33
Lohom
4.95
Pepsi
3.59
Bithor
4.9
Khaleeg
0.19
Khaleeg
0.19
Mousil
0.17
Capital
0.26
Al Mansour Bank
0.62

Business


1 hour 12 minute

DEWA discusses cooperation with SAP

DUBAI, 21st September, 2018 (WAM) -- Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority, DEWA, and a delegation from SAP, a multinational software corporation, have discussed means of expanding the cooperation through DEWA’s initiatives, programmes, projects, and investment opportunities. They also discussed ways to enhance cooperation and the sharing of best practices and global experiences in the areas of data centres, cloud networks, hosting services, and information technology systems. The delegation included Robert Enslin, SAP Board Member and Global President for SAP Cloud; Gergi Abboud, Senior VP at SAP for Middle East South; Mohammed Samy,...
1 hour 12 minute

Skoda Rapid Onyx Edition launched at Rs 9.75 lakh

Skoda has launched a special edition model of the Rapid for the festive season. Called the Skoda Rapid Onyx Edition, it is a limited-run model, priced from Rs 9.75 lakh to Rs 12.73 lakh (ex-showroom Delhi). This makes it upto Rs 1.57 lakh more expensive than the mid-spec Ambition variant and Rs 1 lakh cheaper than the top-spec Style variant. Here are the prices: Rapid Ambition* Rapid Onyx Rapid Style Petrol MT Rs 8.99 lakh Rs 9.75 lakh (+Rs 76k) Rs 10.75 lakh (+Rs 1 lakh) Petrol AT Rs 9.99 lakh Rs 10.99 lakh (+Rs 1 lakh) Rs 11.99 lakh...
1 hour 21 minute

Govt likely to announce lower borrowing programme next week: sources

New Delhi: The Indian government plans next week to announce lower than expected borrowing needs for the second half of the fiscal year ending in March, said four people briefed on the matter, in a move that could remove some nervousness in the bond market. Senior Indian government officials met with a select group of market participants earlier this week and assured them that the bond market borrowing programme for October to March would be lower than expected, said the sources directly aware of the matter, who asked not to be named as the discussions were private. The meeting, chaired...

2 hour 42 minute

Fitch raises India's 201-19 growth forecast to 7.8 per cent: report

Fitch Ratings has upwardly revised its forecast for India’s economic growth to 7.8 per cent from 7.4 per cent for the current financial year ending in March 2019, it said in a statement on Friday. “The economic outlook is subject to several headwinds including tightening of financial conditions, a rising oil bill and weak bank balance sheets,” the statement added. Indian economy grew 8.2 per cent in April-June quarter and the Reserve Bank of India (RBI) expects Asia’s third-largest economy to grow 7.4 per cent in the 2018-19 fiscal year. end-of
3 hour 9 minute

Google tweaks privacy policy for Indian payment app after Paytm complaint

New Delhi: Google has tweaked the privacy policy of its Indian digital payments mobile application, days after local rival Paytm complained that the US tech giant’s platform allowed disclosure of customer data for advertising and other purposes. Google Pay’s new privacy policy stated that UPI transaction data could be used for monetisation purposes only by the platform itself. But the company said it did not do so now. end-of
3 hour 22 minute

Jumping warning as 500 trolleys found submerged off Port Augusta wharf

By Eugene Boisvert and Isabel Dayman So many shopping trolleys have been dumped off a wharf in a regional South Australian city that the local council has warned of a "significant risk of injury" from jumping off it and into the sea.Divers employed by the Port Augusta City Council in conjunction with Coles, Woolworths and Big W have found about 500 submerged trolleys off the town wharf.Mayor Sam Johnson said the trolleys belonged to supermarkets positioned near the water's edge and have been building up in the water for at least the past few years.He said people should take care...

3 hour 28 minute

Top UAE banks step up lending as confidence rises

The 10 largest listed banks in the UAE maintained increasing levels of confidence in the second quarter by recording increased lending activity and a higher return on credit, according to data compiled by a leading global professional services firm. Comparing the data of the 10 banks, Alvarez & Marsal said in its latest analysis that UAE banks' profitability continued to increase, with operating income and net interest margins significantly higher than in the previous quarter. In the second quarter, deposits grew faster (2.18 per cent) than loans and advances (1.75 per cent), resulting in a slightly reduced average loan-to-deposit (LDR)...
8 hour 5 minute

Minimum wage: Workers underpaid by record £15.6m

A record £15.6m worth of underpayment to UK workers has been discovered by the government in the past year. In total, 200,000 workers missed out on being paid at least the minimum wage rate - the highest number since the statutory rate was introduced in 1999.Social care, commercial warehousing and the gig economy were the sectors most likely to underpay staff, HMRC said. It had prioritised checking these areas alongside apprentices, migrant workers and employment agencies, it said.In total, the firms found to have underpaid workers were fined £14m as well as having to reimburse their staff. Earlier this year,...
8 hour 47 minute

Dow Jones settles at new record high

Mubasher: The New York Stock Exchange (NYSE) showed a mixed performance on Friday, affected by the losses of the technology sector as trade war concerns. Meanwhile, the Dow Jones Industrial Average rose by 0.3% or 86 points and closed at the level of 26,736.1, a new all-time high for the main index, achieving its best weekly performance since July by adding more than 2.2% On the other hand, the S&P 500 index settled at the level of 2,929.7 points, recording weekly gains of 0.8%. The Nasdaq Composite Index lost 0.5% at 7,987 points, to close down 0.3% for the week.

9 hour 35 minute

Less than 340,000 have flood insurance in North and South Carolina combined

CONWAY, S.C. — Floodwaters from Hurricane Florence are raising fears as rivers continue to spread beyond their banks. On Friday afternoon, a dam was breached at a North Carolina Duke Energy plant. Environmentalists worry the toxic coal ash stored there could spill into the Cape Fear River.A week after the storm hit, thousands in South Carolina are under new evacuation orders and some of the stranded in Mullins, had to be rescued by helicopter. Downstream in Conway, the only way to reach Tim Landrum's neighborhood is by boat. He said it's the third time in the last four years the...
9 hour 52 minute

PayPal bans Alex Jones, InfoWars website from processing payments

Alex Jones has been banned by a slew of technology companies -- from Facebook to Twitter -- but now PayPal is hitting the man who runs the conspiracy theory website InfoWars where it could hurt the most: His pocketbook. The online payment service on Friday said it was ending its business relationship with Infowars and related websites, saying an extensive review of their controversial content "found instances that promoted hate and discriminatory intolerance against certain communities and religions that run counter to our core value of inclusion."The move was dismissed by Infowars as "nothing less than a political ploy designed...
9 hour 54 minute

Companies aren't rushing to bring home overseas cash

When Congress passed the sweeping tax cut legislation late last year, one of its promised benefits was what would surely be a massive amount of repatriation of U.S. corporate profits held overseas for years to avoid the U.S. taxes on those gains. And in the three months ended in June, U.S. companies brought back roughly $170 billion in overseas profits, according to government report released this week. That may sound like a lot, but it's far less than the $295 billion firms repatriated in the first quarter. The figure is about 17 percent of the the estimated $2.7 trillion held...