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Prayers

Fajr
04:59
Saturday
20
October 2018

Fajr
Fajr
04:59
Sunrise
Sunrise
06:18
Dhuhr
Dhuhr
12:07
Asr
Asr
15:25
Maghrib
Maghrib
17:55
Isha
Isha
19:25
Markets

2,757.73 0.59%
Volume
157,128,721
Turnover
0.59%
Trades
2,358
20
Up
4
Flat
11
Down
Traded stocks 35
4,988.74 0.64%
Volume
27,488,452
Turnover
0.64%
Trades
1,056
13
Up
6
Flat
5
Down
Traded stocks 24
Most active
Al Qudra
0.98
ADNH
3.55
Gulf Cement
0.92
KHCB
0.81
BNH
0.36
Ajman Bank
0
Sudatel
0.43
Deyaar
0.45
Etisalat
16.8
FAB
14.76
Air Arabia
0.95
DIB
5.25
Deyaar
0.45
Air Arabia
0.95
Drake & Scull
0.41
UPP
0.67

Business


15 minute 9 second

DEWA awards AED 382 million for power cables contract

DUBAI, 20th October, 2018 (WAM) -- Dubai Electricity and Water Authority (DEWA) has awarded contracts worth AED 382 million to supply 1,548 kilometres (km) of 11 kilovolt (kV) power cables. The contracts include the supply of cables across different regions in Dubai to meet the criteria for the electricity distribution network expansion, and to keep up with the continued growth in demand for electricity from various consumer sectors. It is expected that the manufacture and supply of these cables will be completed by September 2019. "Through these huge projects being carried out, we aim to support and raise the capacity...
15 minute 54 second

SAIF Zone to participate in World CEO Forum as Platinum Sponsor

SHARJAH, 20th October, 2018 (WAM) -- The Sharjah Airport International Free, SAIF, Zone has announced that it will participate in the World CEO Forum as a Platinum Sponsor for the event, which will take place from 21st to 24th October, 2018, aboard the world-famous Queen Elizabeth II cruise liner and will be attended by some of the greatest commercial minds in the Middle East. Saud Salim Al Mazrouei, Director of Sharjah Airport International Free Zone Authority and Hamriyah Free Zone Authority, will take part in the mega event as one of the UAE’s leading business and industry leaders. Al Mazrouei...
1 hour 21 minute

Can a hungry Mali turn rice technology into ‘white gold’?

BAGUINEDA: When rice farmers started producing yields nine times larger than normal in the Malian desert near the famed town of Timbuktu a decade ago, a passerby could have mistaken the crop for another desert mirage.Rather, it was the result of an engineering feat that has left experts in this impoverished nation in awe — but one that has yet to spread widely through Mali’s farming community.“We must redouble efforts to get political leaders on board,” said Djiguiba Kouyaté, a coordinator in Mali for German development agency GIZ.With hunger a constant menace, Malians are cautiously turning to a controversial farming...

2 hour 32 minute

‘Unthinkable... after Ethiopia’: Yemen faces globe’s worst famine in 100 years

MOHAMMED HUWAIS/AFP/Getty Images Slide 1 of 9 The United Nations humanitarian branch is warning that 13 million people in civil war-torn Yemen are facing starvation. UN advocates are calling on a military coalition led by U.S. ally Saudi Arabia to halt air strikes that are at times missing targets and killing civilians, while decimating villages. The action is contributing to what the UN says could become “the worst famine in the world in 100 years.” Disease, including the diptheria that this young Yemeni girl suffers from (eradicated by immunization in much of the West), is another challenge for humanitarian efforts....
2 hour 55 minute

Sharjah Islamic Bank net profits rise by 10.5% to AED397 million in 9 months

SHARJAH, 20th October, 2018 (WAM) -- Sharjah Islamic Bank (SIB) has announced robust financial results despite economic challenges for the first nine months of 2018 declaring net profits at AED397.7 million compared to AED360 million declared during the same period last year, showing a 10.5% increase. Total assets of the Shariah-compliant bank reached AED44 billion at the end of September 2018 compared to AED38.3 billion reported at the end of December 2017, representing an increase of 14.9%. The bank said customer financing reached AED22.9 billion at the end of September 2018 compared to AED21.7 billion at the end of December...
3 hour 18 minute

UAE ready for Islamic fintech's top echelon

The UAE is the fourth-largest hub globally for Islamic fintech with a total of 12 startups operating in this space. But the country's keen focus on startups and technologies will soon challenge the supremacy of the top three players. According to the Dubai Chamber of Commerce and Industry, crowdfunding constitutes over one-third - 35 per cent - of the global Islamic fintech market, banking software makes up another 17 per cent of the market, followed by payments/remittance, and foreign exchange with a share of 13 per cent. Other major segments include alternative/P2P finance (12 per cent) and trading and investment...

3 hour 58 minute

The party’s far from over for the economy, as GDP will show

The U.S. economy put on it’s party hat in the spring and it’s still tooting its horn loudly. Later in the week the government is expected to report the economy grew 3% or more in the three-month period stretching from July to September. Another vigorous gain following a 4.2% burst of growth in the second quarter would position the economy for its best performance in 13 years. The last time the U.S. posted 3% growth for a full year was in 2005. See Also Migrant Caravan Heads Toward Mexico's Southern Border × The official scorecard for the economy, known as...
4 hour 25 minute

Dubai means business: DED issues 13,825 new licences in the first 9 months of 2018

Unfazed by slowdown in global economy, Dubai stays on growth path and retains its appeal for business destination in the region as more investors preferred to renew their trade licences in the first 9 months of this year. The latest report issued by the Business Registration and Licensing (BRL) sector of the Department of Economic Development (DED), showed 0.47 per cent year-on-year growth in renew-modify trade licences during January-September 2018 as the department issued 23,963 licences in the category compared to 23,850 in the same period last year. During the period, the department also issued 13,825 new trade licences.   The...
4 hour 27 minute

Here’s Nancy Pelosi’s to-do list if Democrats win back the House

With the midterm elections just under three weeks away, Nancy Pelosi is detailing the Democratic Party’s to-do list if it manages to win back control of the House of Representatives. House Democrats plan to introduce a package for campaign finance reform as their first bill of the 116th Congress, said the minority leader, according to a Politico report. After that, Democrats will pursue reducing drug prices, the veteran California congresswoman said, in talking about a move that would affect pharmaceutical makers PJP, -0.99%  . Then, they will make an effort to work with Republicans on a bill on background checks...

4 hour 31 minute

Etisalat launches innovative business solutions

DUBAI — Etisalat successfully concluded its participation at GITEX Technology Week 2018 taking visitors on a journey of the future with a showcase of digital innovations and solutions for consumers and businesses across zones focusing on 5G, retail, healthcare, education, smart living, IoT and a unique 3D showcase of the upcoming ‘Expo 2020 Dubai’.The event also witnessed strategic partnerships of Etisalat with government entities like Ajman Municipality, Fujairah Department of Public Works, Sharjah Municipality, Ras Al Khaimah Municipality, Umm Al Quwain municipality and Shurooq.Dr Ahmed Bin Ali, Senior Vice President, Corporate Communication, Etisalat Group said: “Etisalat has always enthralled visitors...
4 hour 32 minute

THE SHE FACTOR: Marching with the flora general

Shalini Bhatnagar was drawn towards landscape designing because of her admiration for plants and flowers, something which she feels she inherited from her botanist mother. "I was interested in art from an early age and then, attracted by architecture. I found that landscape architecture allowed me to have fun with my work and satisfy my creative impulses," Shalini, founder and CEO of Fiona Environs, says. "Landscape designing as a subject has always been close to my heart, thanks to my mom who is a botanist. The experience of heading the landscape department for one of the premier hotel chains in...
4 hour 33 minute

Saudi Customs reforms boost KSA’s Global Competitiveness Index

JEDDAH — The World Economic Forum’s 2018 Global Competitiveness Report published last Oct. 17 revealed that Saudi Arabia’s Global Competitiveness Index (GCI) improved by two rankings compared to last year, placing the Kingdom in the 39th position among 140 countries included in the report.Driven by its commitments to achieve the ambitious goals set out in Saudi Arabia’s Vision 2030, Saudi Customs has launched and implemented various initiatives that adopts and implements groundbreaking technologies and innovative practices that aim at enhancing the business environment, increase the competitiveness of the Saudi market, and attract international investment in cooperation with its partners.Ahmed Alhakbani,...