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Fajr
04:45
Sunday
15
September 2019

Fajr
Fajr
04:45
Sunrise
Sunrise
06:04
Dhuhr
Dhuhr
12:17
Asr
Asr
15:45
Maghrib
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18:30
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20:00
Markets

2,888.39 0.12%
Volume
98,508,409
Turnover
0.12%
Trades
2,109
16
Up
3
Flat
15
Down
Traded stocks 34
5,096.09 -0.20%
Volume
52,018,454
Turnover
-0.20%
Trades
1,667
9
Up
5
Flat
10
Down
Traded stocks 24
Most active
Methaq
0.74
IHC
4.37
Dar Al Takaful
0.6
Ekttitab
0.21
ADSB
1.37
Arkan
0.48
ADCB
8.3
RAK Ceramics
1.54
DIB
5.4
Emirates NBD
13.4
FAB
15.1
Aldar Properties
2.24
GFH
0.91
Amanat
0.9
DIB
5.4
AAN
0.22

Business


Value buying to drive market up

Mumbai: Equity market is likely to continue its positive momentum as the easing US-Sino trade war tensions and hope of RBI cutting interest rate as well as stimulus measures announced by the government may trigger buying interest. With retail inflation inched up marginally to 3.21 per cent in August, and industrial production growth slowing to 4.3 per cent in July, investors are expecting a rate cut by the RBI next month. "The short term trend of Nifty is positive, next upside levels to be watched around 11100-150 levels (crucial overhead resistance) in the next few sessions. A decisive/sustainable move above...
15/09/2019

Salam Air launches four weekly flights from Abu Dhabi to Muscat

Abu Dhabi Airports has announced the commencement of four weekly flights between Abu Dhabi and Muscat in Oman with Salam Air. The inaugural flight, which is operated by Oman's first low cost airline, Salam Air, arrived from Muscat to Abu Dhabi International Airport (AUH) on September 10. The flights will take-off from Muscat International Airport (MCT) at 9:00 am every Tuesday, Wednesday, Thursday and Saturday, and will arrive at Abu Dhabi International Airport at 10:20 am. The return flights will take-off from Abu Dhabi at 11:05 am, arriving in Muscat at 12:05 pm local time. The new flights allow both...
15/09/2019

UAE pledges to sustain aviation sector

The UAE's aviation sector continues to soar and the government pledges to keep it that way, a top official of the industry's regulator said. "A whopping Dh85 billion worth of airport development projects are in progress in the UAE, that would see a combined capacity of handling more than 300 million passengers every year," said Saif Mohammed Al Suwaidi, director-general of the UAE General Civil Aviation Authority (GCAA). He said the aviation sector has contributed significantly to the UAE's GDP by up to 15 per cent. The UAE now accounts for around 45 per cent of the Arab aviation sector,...

15/09/2019

Another inversion could help support equities

A decline in interest rates on long-term US government bonds below the average stock dividend yield has received less attention than an inverted Treasury yield curve, but it could be a reason stocks find support after a bruising August. After the S&P 500 suffered its first monthly drop since May, in part because the Treasury curve inversion is seen by many as a harbinger of recession, equities have gotten off to a solid start in September, historically their worst month of the year. The uncommon Treasury bond/dividend yield inversion is providing a level of support. US Treasury yields have fallen...
15/09/2019

One Za'abeel reaches key sliding phase of The Link

Ithra Dubai, a leading developer of community-oriented real estate projects fully-owned by the Investment Corporation of Dubai, has announced the start of the first sliding phase of the world's largest cantilever, or 'The Link', on its landmark One Za'abeel development. The commencement of the sliding works took place last week in the presence of Issam Galadari, chief executive officer and board member of Ithra Dubai, as well as members from the development and construction teams. "We are excited to have reached this critical stage on One Za'abeel's construction. The Link is an incredible feat of engineering that showcases Dubai's ingenuity...
15/09/2019

Sharjah Chamber enhances cooperation with Tajikistan Chamber

The Sharjah Chamber of Commerce & Industry (SCCI) recently met with a high-level delegation from the Republic of Tajikistan and discussed prospects for joint cooperation and increased trade exchange, as well as opportunities for economic partnerships with the business communities in Sharjah and Tajikistan in a number of important sectors. This came during a meeting hosted by the SCCI recently, in the presence of Waleed Abdul Rahman Bu Khatir, SCCI's second vice chairman; Dzumakhonzoda Dzamshed Dzurakhon, chairman of the Chamber of Commerce and Industry of the Republic of Tajikistan; Mohammad Ahmed Amin Al Awadi, SCCI's director general; Bahodur Sharifi Mahmudzoda,...

15/09/2019

We can't let global giants take over our market: Alabbar

Mohamed Alabbar, founder of e-commerce platform Noon.com, on Sunday stressed that global giants should not be allowed to take over rising regional markets. "In the region, we have a duty. We need to protect our region; we cannot let giant entities internationally to take over our market. the Middle East market of 400-million plus people without a big technology e-commerce company is not fair," Alabbar, who is also chairman of Emaar Properties, said. Recently, Dubai has seen some of its rising giants acquired by global players, such as Uber buying Careem for Dh11 billion deal; Dubai Media City-based technology firm...
15/09/2019

Saudi Arabia set to host largest gathering of events industry professionals

RIYADH — Saudi Arabia is poised to become the central destination for events in the Middle East by 2020. This is the prediction of events and entertainment industry experts who are gathering at the upcoming Saudi Event Show that will be held on Sep. 25-26, 2019 at Riyadh International Convention and Exhibition Center, Saudi Arabia.“The Kingdom’s exhibition and events industry is on the rise, and the Saudi Event Show is an ideal platform for events and entertainment industry professionals to learn about the advancements and how to overcome any challenges they are experiencing in the market,” said Amar Daginawala, Exhibition...
15/09/2019

Gabon's sole train a lifeline for its people and economy

FRANCEVILLE, Gabon — The sky turns from indigo to ebony as the tropical night falls, and the train patiently thrusts through the jungle towards its destination, still hundreds of kilometres (miles) away.The trek has the hallmarks of one of the world's Great Forgotten Train Journeys – a voyage through 648 kilometres (just over 400 miles) of lush equatorial forest.The train is the brainchild of Gabon's former president, Omar Bongo, who ruled for 42 years until his death in 2009.In the 1970s, he dreamed of linking the central African state's resource-rich interior to the Atlantic coast – and he saw it...

15/09/2019

Flydubai to move more flights to DXB's Terminal 3

Dubai-based carrier flydubai announced on Sunday that flights to seven destinations will move from their current operating base of Terminal 2 and relocate to Terminal 3 at Dubai International (DXB). Other flydubai services will continue to operate from Terminal 2.From October 27, 2019, flights to Almaty, Basra, Dar es Salaam, Kilimanjaro, Nur-Sultan, Sofia, and Zanzibar will operate from Terminal 3. Flights to these destinations before October 27 will continue to operate from Terminal 2. These destinations have been chosen to help improve connections between Emirates and flydubai with smooth and quick transit times.The additional seven flights will bring the number...
15/09/2019

Dubai Startup Hub launches 4th edition of networking series

Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, in cooperation with Area 2071, recently kicked off the fourth edition of its weekly networking series which brings together stakeholders from the Dubai startup ecosystem and features inspirational talks led by successful entrepreneurs and industry innovators. The 10-week series, hosted at Emirates Towers, will run until November 13, 2019, putting the spotlight on a wide range of sectors, timely topics, trends and technologies that are central to Dubai's economic development, such as talent, artificial intelligence, data science, education, travel, hospitality, logistics and social impact. The series will also...
15/09/2019

Etihad Credit Insurance partners with Dubai Exports

Etihad Credit Insurance (ECI), the UAE Federal Export Credit Company has signed a Memorandum of Understanding (MoU) with Dubai Export Development Corporation, the export promotion agency of Dubai to develop and promote trade linkages and investment opportunities for Dubai-based businesses in high growth markets. The MoU was signed by Saed Alawadi, CEO of Dubai Export Development Corporation and Massimo Falcioni, CEO of ECI, at the fourth Future Manufacturing & Trade Summit 2019, in the presence of senior officials from both the institutions. The association will enable Dubai-based businesses to enter overseas markets and maximise their global reach by providing them...