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53.69
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1,281.42
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794.99
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Prayers

Fajr
05:41
Sunday
20
January 2019

Fajr
Fajr
05:41
Sunrise
Sunrise
07:03
Dhuhr
Dhuhr
12:33
Asr
Asr
03:37
Maghrib
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06:03
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07:33
Markets

2,512.83 -0.16%
Volume
63,917,446
Turnover
-0.16%
Trades
1,359
8
Up
3
Flat
16
Down
Traded stocks 27
4,975.31 -0.20%
Volume
25,090,290
Turnover
-0.20%
Trades
932
9
Up
5
Flat
10
Down
Traded stocks 24
Most active
Al Madina Takaful
0.09
ADA
3.32
Gulf Cement
0.75
Al Madina
0.3
Al Qudra
0.71
ADNIC
3.6
ADNH
2.8
AAN
0.23
Etisalat
16.86
DIB
5.07
Emaar
4.02
Aldar Properties
1.53
DXB Entertainments
0.25
Aldar Properties
1.53
Salama
0.48
Eshraq
0.47

Business


1 month 2 week

Here’s what’s closed for former President George H.W. Bush’s funeral on Wednesday

Last Updated Dec 4, 2018 5:04 PM EST Wednesday will be an effective federal holiday as the nation mourns the death of former President George H.W. Bush. President Donald Trump declared it a National Day of Mourning, meaning that nearly all federal workers would be excused from work and their agencies would be closed.The former president will be given a state funeral Wednesday at the National Cathedral in Washington, D.C. After the ceremony, his body will be moved to Texas, where he will be buried at his presidential library. Mr. Bush died on Friday evening at the age of 94.National...
1 month 2 week

Uber announces new minibus service in traffic-mad Egypt

CAIRO: Uber launched a new minibus service on Tuesday in traffic-mad Cairo, Egypt’s capital and one of the US ride-sharing giant’s fastest-growing markets.A part of an aggressive push into emerging countries, the company hopes to draw millions of Egyptians into ride-sharing from chronically congested, pollution-filled urban landscapes and replace personal automobiles. It is already investing $100 million into a Mideast and North Africa customer support center in Cairo.At a news conference with the famed Pyramids at Giza in the background, CEO Dara Khosrowshahi said the company wants to grow its global number of users from 100 million to 1 billion,...
1 month 2 week

Trump's AmericaDonald Trump flags trade truce extension but reminds China's Xi Jinping 'I'm a Tariff Man'

US President Donald Trump has held out the possibility of an extension of the 90-day trade truce with China but made clear he would revert to tariffs if the two sides could not resolve their differences.Mr Trump said his team of trade advisers, led by China trade hawk and US trade representative Robert Lighthizer, would determine whether a "REAL deal" with China was possible."If it is, we will get it done," Mr Trump said in a Twitter post. "But if not remember, I am a Tariff Man."The Republican president indicated he would not be opposed to extending the 90-day truce...

1 month 2 week

‘Premature’ to confirm OPEC+ cuts: Saudi minister

LONDON: Saudi Energy Minister Khalid Al-Falih has dismissed suggestions that OPEC and its partner producers such as Russia will cut output at the next meeting as “premature.”The oil producers are scheduled to meet in Vienna on Dec. 6 to discuss production policy for the next year.Speaking in an interview with Bloomberg TV on Tuesday, the minister said that talks between producers were needed to “hear about their views about supply, demand and projections of their own country’s production,” before deciding on the best course of action for the market.“We just need to figure out what needs to be done and...
1 month 2 week

Marriott breach sparks multibillion-dollar suits, with more to come

Two class-action lawsuits already have been filed against Marriott after the hotel chain revealed a massive breach of its systems that compromised 500 million customers. One of the suits is seeking billions in damages. And many more are on the way, according to industry experts.Lawyers in Oregon filed a class-action lawsuit Friday on behalf of David Johnson, a lawyer, and Chris Harris, a business owner. Johnson had noticed unauthorized purchases on his credit card recently and believes it was due to the hack, according to Michael Fuller, an attorney for the plaintiffs. (Harris reportedly had to replace a credit card...
1 month 2 week

Wall St plunges on fears of economic slowdown and US-China trade uncertainty

By business reporter David Chau, wires Wall Street suffered its biggest plunge since the October sell-off — over lingering concerns about the trade war, and the bond market signalling a potential economic slowdown.Investors have doubts about what was actually agreed between the United States and China when they struck a 90-day truce at the G20 summit over the weekend.While US President Donald Trump boasted about "an incredible deal", China has said very little.A lack of detail from Beijing left investors wondering if Mr Trump's exuberance was warranted.The White House said China would start buying farm products from US farmers "immediately",...

1 month 2 week

Lion Air ponders cancelling Boeing jets in row over crash

PARIS/JAKARTA: Indonesia’s Lion Air is reviewing airplane purchases from Boeing Co and has not ruled out cancelling orders as relations worsen in a spat over responsibility for a 737 jetliner crash that killed 189 people in late October, sources told Reuters.Group co-founder Rusdi Kirana is furious over what he sees as attempts by Boeing to deflect attention from recent design changes and blame Lion Air for the crash, while the airline faces scrutiny over its maintenance record and pilots’ actions, said the people, who have knowledge of the matter.Kirana is examining the possibility of cancelling remaining orders of Boeing jets...
1 month 2 week

Timing of auto tariffs depends on talks: US official

WASHINGTON: US Commerce Secretary Wilbur Ross said on Tuesday that possible tariffs on automakers are aimed at pushing companies to make more cars and other vehicles in the United States and the timing of any duties would depend on the success of ongoing negotiations.“It’s a very, very important component of the European situation,” Ross told CNBC in an interview. “If we don’t fix the auto and auto part trade deficit and the Chinese trade deficit, we’re not going to get anywhere.” “The timing of this whole thing will largely be driven by what happens in negotiations,” Ross said. “China, we...
1 month 2 week

SEDD issues 7th annual report for 2017

SHARJAH: The Sharjah Economic Development Department, SEDD, has issued its seventh annual report for 2017, which highlighted its efforts throughout the year.The report included the services, activities, initiatives and policies implemented by the department in the context of its economic vision to achieve economic well-being in the emirate at the local and federal levels.This edition is a development version of previous publications, during which the department was keen to provide details of the economic planning and strategic performance for 2017 at the level of the department and the emirate.Sultan Abdullah bin Hadda Al Suwaidi, SEDD Chairman, stated that the report...

1 month 2 week

Sharjah Chamber discusses trade ties with Italian delegation

SHARJAH: The Sharjah Chamber of Commerce and Industry, SCCI, held discussions with a delegation from Lombardy in Italy on opportunities to enhance economic and trade relations between the investment companies and institutions that operate in Sharjah and their counterparts in Italy, and reviewed ways to support partnerships between the two sides in various economic sectors and fields.The meeting, recently held at the chamber’s headquarters, was attended by Mohamed Ahmed Amin, Acting Director-General of the SCCI; Pietro Sala, Director of Institutional Affairs and External and International Relations at Assolombarda; and Alessandra Salina Amorini, Head of International Relations and Expo Dubai 2020...
1 month 2 week

Kuwait’s ALAFCO, Airline SAS clinch aircraft lease deal

KUWAIT CITY, Dec 4, (KUNA): Kuwait’s Aviation Lease and Finance Company (ALAFCO) has signed a 10-year deal with the Scandinavian region’s national carrier SAS to lease a quintet of aircraft from the Airbus A320 family. ALAFCO expects to receive the first airliner out of five by April of next year, the aircraft-leasing company’s deputy chairman and CEO Ahmad Al-Zaben said in a statement. The deal will prove instrumental in propelling the local aviation sector to new heights, he said. The Kuwait-based company engages in aircraft leasing and provides management, marketing and consultancy services to the aviation industry.
1 month 2 week

Stocks retreat as trade truce doubts return

London: Deflating hopes of a swift resolution to the Sino-US trade war knocked world stocks off a three-week high on Tuesday, while recession warning lights in US bond markets weighed on the dollar.Optimism over a rapprochement between US President Donald Trump and China’s Xi Jinping at the weekend G20 meeting was replaced by scepticism and left Wall Street braced for another day in the red.Adding to market jitters was an inversion of the short end of the US yield curve in bond markets, which historically has signalled a US recession.Asian markets had seen Japan’s Nikkei close 2.4 per cent lower...