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Maghrib
17:40
Thursday
15
November 2018

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05:12
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Markets

2,778.76 0.09%
Volume
78,038,369
Turnover
0.09%
Trades
1,457
11
Up
6
Flat
15
Down
Traded stocks 32
5,055.46 0.68%
Volume
45,827,592
Turnover
0.68%
Trades
2,005
12
Up
5
Flat
11
Down
Traded stocks 28
Most active
ADA
3.3
EIC
6.9
Al Salam Bank
1.46
BILDCO
0.48
National Marine Dredging
3
ADNH
2.9
GGICO
0.21
DXB Entertainments
0.33
FAB
14.8
Etisalat
17.1
ADIB
4.05
Emaar
4.9
UPP
0.62
FAB
14.8
Salama
0.69
ADIB
4.05

Business


4 minute 18 second

Cost of imported goods climb 0.5% in October

WASHINGTON (MarketWatch) - The import price index in October rose by 0.5%. Rising gas prices was a big contributor. Excluding fuel, prices of imported goods rose a smaller 0.2%, the government said Thursday. The increase in import prices over the past 12 months moved up to 3.5% from 3.1%. If fuel is omitted, the increase in import prices over the past year was a milder 0.7%. Earlier this week the government said the U.S. consumer price index climbed 0.3% in October, with higher gas prices accounting for more than one-third of the increase. Yet oil prices have tumbled globally, likely...
6 minute 55 second

Saudi’s flyadeal aims to decide on 30-jet order by month-end

Saudi’s flyadeal aims to decide on 30-jet order by month-end Reuters Wednesday 14 November 2018 Saudi Arabian budget airline flyadeal aims to decide whether to order Airbus or Boeing narrow-body jets by the end of this month, its chief executive said on Wednesday. Flyadeal, a subsidiary of state-owned Saudi Arabian Airlines, had been due to decide on the order for 30 Airbus A320neos or Boeing 737 MAXs in the second quarter but held off to further assess the performance of the revamped models. “We want some evidence because we’re committing a huge chunk of capital,” Con Korfiatis told Reuters at...
7 minute 17 second

U.S. retail sales surge in October after first back-to-back declines in five years

The numbers: Sales at U.S. retailers surged in October after the first back-to-back declines in more than five years, though most of the money was spent on gas and new cars and trucks. Retail sales leaped 0.8% last month, the government said Thursday. Economists polled by MarketWatch had predicted a 0.6% increase. The increase follows small declines in September and August. The government initially said sales rose slightly in both of those months, but it revised the figures lower in its latest update. That could also result in the government trimming the initially estimated 3.5% growth in gross domestic product...

8 minute 8 second

Abu Dhabi’s Etihad, Bahrain’s Gulf Air sign cooperation deal

Abu Dhabi’s Etihad, Bahrain’s Gulf Air sign cooperation deal Robert Anderson Wednesday 14 November 2018 Bahrain’s Gulf Air and Abu Dhabi’s Etihad Airways said on Wednesday they would explore greater cooperation after signing an initial memorandum of understanding. The deal, signed at the Bahrain International Airshow covers codeshare flights between Abu Dhabi and Manama and other routes in both airlines’ global networks. Further cooperation could come in cargo traffic, maintenance, repair and engineering operations, guest experience and pilot training, the airlines said. While reciprocal frequent flier benefits are also being explored. “We look forward to the Etihad and Gulf Air...
8 minute 14 second

Mixed directions for Empire State, Philly Fed manufacturing indexes in November

The Empire State manufacturing index in November rose 2.2 points to 23.3 -- above the Econoday-compiled consensus for a 20 reading-- with sizable gains in the indexes for inventories and average workweek. The Philadelphia Fed manufacturing index however declined to a reading of 12.9 vs. 22.2. Economists polled by MarketWatch expected a reading of 20 for the Philly Fed index. Any reading above zero for these indices indicates improving conditions. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
9 minute 30 second

Tata Sons board may meet on Friday to decide on Jet Airways takeover

Mumbai: The board of Tata Sons is likely to meet on Friday to discuss a proposal to take over the Naresh Goyal-controlled Jet Airways, which is looking for investors to tide over liquidity crunch that it has been saddled with, according to people familiar with the development. Airline's deputy chief executive and chief financial officer Amit Agarwal earlier this week had admitted that the company was in talks with "multiple interested parties" for fund infusion as well as selling six of its Boeing 777 planes and a stake in its loyalty progarmme Jet Privilege. "Tata Sons board is meeting tomorrow...

9 minute 38 second

ETIHAD AVIATION GROUP ANNOUNCES COLLABORATION WITH LEADING AVIATION COMPONENT MANUFACTURER MOOG INC

Abu Dhabi - MENA Herald: Abu Dhabi based Etihad Aviation Group announced a strategic 15-year collaboration with Moog Inc. at the Bahrain International Airshow. The partnership will provide Etihad Airways with global access to the Moog Inc. component pool as well as complete repair support from Moog Inc. on a range of part numbers fitted to the airline’s fleet. Moog Inc. will support Etihad Airways Engineering, a division of the Etihad Aviation Group and the largest commercial MRO service provider in the Middle East. The support will expand the company’s component capability onsite to become a centre of excellence for...
10 minute 44 second

Off-duty Emirati pilot given jail sentence after threatening to blow up Emirates plane

Off-duty Emirati pilot given jail sentence after threatening to blow up Emirates plane Staff Writer Thursday 15 November 2018 An Emirati pilot has been sentenced to a year in prison after assaulting a flight attendant and threatening to blow up a plane while off duty, according to reports. The incident took place on June 2 when the 27-year-old was travelling as a passenger on a flight from Madrid to Dubai. A Romanian stewardess previously told Dubai Criminal Court in August that the man first asked whether smoking was allowed on the plane. Read: Off-duty Emirati ‘pilot’ threatened to blow up...
12 minute 4 second

Asda revival continues as sales rise again

Asda sales jumped 2% in the three months to September as the recovery of the Walmart-owned supermarket continued.The result marked the sixth consecutive quarter of rising like-for-like sales, which strip out the effect of new stores.The retailer attributed the rise to the strength of its own-label brands.Asda has a 15.3% share of the UK grocery market, just short of Sainsbury on 15.8%.The two supermarkets plan a merger that will form the country's biggest chain if the competition watchdog approves the deal. The Competition and Markets Authority is considering whether the deal will mean less consumer choice, higher prices or poorer...

12 minute 8 second

Etihad Airways celebrates 15 years of successful flying

 Etihad Airways, the national airline of the UAE, marked 15 years since its inaugural commercial flight to Beirut on 12 November 2003. In a fitting tribute to the first flight, guests travelling on flight EY535 to the Lebanese capital enjoyed a cake-cutting ceremony at the departure gate this morning.   Click/tap here to subscribe to Khaleej Times news alerts on WhatsApp. Make sure you save the phone number under Contacts on your phone for uninterrupted service. ERROR: Macro /ads/dfp-ad-article-new is missing!
54 minute 39 second

5 key retirement planning decisions for baby boomers

The vast majority of baby boomers haven't accumulated enough savings to fully retire at age 65 with their preretirement standard of living. That's the sobering conclusion of recent studies from both the Stanford Center on Longevity and HR consulting firm Aon.As a result, boomers will need to either work longer, reduce their standard of living in retirement or do some combination of the two. In addition, it's critical that they squeeze the most from their modest financial resources. That means baby boomers have to make some choices. Following are the top five retirement planning decisions that will have the biggest...
1 hour 1 minute

Abu Dhabi Chamber supports ADNOC's drive to encourage suppliers to work with more local SMEs

ABU DHABI, 15th November, 2018 (WAM) -- Muhammad Al Rumaithi, Chairman of Abu Dhabi Chamber of Commerce and Industry, has said that the Chamber supports the drive of the Abu Dhabi National Oil Company (ADNOC) to encourage suppliers to work with more local SMEs. Speaking today, on the sidelines of the ADNOC’s 3rd annual Business Partnership Forum, Al Rumaithi added, "As we all know, SMEs are the driver for economic development and prosperity for a country."