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04:27
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23
April 2019

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Markets

2,811.09 -0.35%
Volume
165,562,360
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-0.35%
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2,928
14
Up
3
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18
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Traded stocks 35
5,404.53 0.34%
Volume
55,104,649
Turnover
0.34%
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1,222
7
Up
4
Flat
13
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Al Salam
0.49
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1.55
Taqa
0.88
Ajman Bank
0.91
AXA Green Crescent
0.45
Al Salam Bank
1.12
Aman
0.48
Agthia
3.85
DIB
5.21
FAB
16.8
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4.91
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1.03
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1.03
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1.05
DIB
5.21
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0.41
China says trade war will hurt US workers and farmers - Dotemirates
21/06/2018

China says trade war will hurt US workers and farmers

China's commerce ministry on Thursday accused the United States of being "capricious" over bilateral trade issues, and warned that the interests of US workers and farmers ultimately will be hurt by Washington's penchant for brandishing "big sticks". Previous trade negotiations with the United States had been constructive, but because the US government is being unpredictable and challenging, Beijing has had to respond in a strong manner, commerce ministry spokesman Gao Feng said in a regular briefing in Beijing. President Donald Trump threatened on Monday to hit $200 billion of Chinese imports with 10 per cent tariffs if Beijing retaliates against...


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Business News

17/04/2019

Gold slips to 1-week low

Gold prices fell on Monday to a more than one-week low as progress in US-China trade talks lifted risk sentiment, taking the sheen off safe-haven bullion even as the dollar retreated. Spot gold dipped 0.2 per cent to $1,287.34 per ounce by 1502GMT, having hit $1,281.96, its lowest since April 4. US gold futures fell 0.4 per cent to $1,290.60 an ounce. "Gold has clearly lost the upward trajectory that it was on, trying to find new supportive catalysts. We've seen continued positive murmuring on the trade negotiations in recent days. That's obviously a headwind for safe-haven gold," Capital Economics...
17/04/2019

Sharjah is thriving despite slowdown

Sharjah market is thriving despite a slowdown in market due to low property prices and stable demand-supply ratio, a senior executive says.  Real estate developer Arada's vice-chairman Prince Khaled bin Alwaleed bin Talal, who has tested the UAE market for 10 years now, said Sharjah realty market hasn't been affected like other emirates. "Prices in Sharjah didn't increase as fast and dramatically as Dubai did. So there is a bigger slowdown and curve heading down for Dubai. Percentage wise it is not high but still it's going down. And this positions us perfectly for Arada," Khaled said on the sidelines...
17/04/2019

Sheikh Khalifa amends Abu Dhabi real estate law

In his capacity as Ruler of Abu Dhabi, President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued a law amending provisions of Law No. 19 of 2005 concerning real estate sector in Abu Dhabi. The new law stipulates amendments to Articles 3 and 4 of the 'Real Property Law'. Article 3 (i) stipulates the rights to own property are limited to three categories the first being Emirati citizens, natural or legal persons, the second includes public holding companies with ownership not exceeding 49 per cent non-nationals, or the third as any person to whom a decision is issued...

17/04/2019

High turnout for Huawei P30 pre-order in Saudi Arabia

OVERWHELMING anticipation for Huawei P30 Series has resulted in its pre-orders recording high turnout. Much-anticipated demand for the series has contributed to its success before it reaches stores and has cemented the popularity of the P Series among users in Saudi Arabia, who seek first-hand experience of the phone’s superior features, namely the professional-grade photography and videography experience.The Huawei P30 Series is available in Huawei’s flagship store in Riyadh Park starting April 11. All KSA consumers can have a hands-on experience of its innovative features including a camera with cutting-edge Huawei SuperSpectrum Sensor and SuperZoom Lens which delivers extraordinary photography...
17/04/2019

Gold holds near four-month low as China data lifts riskier assets

Gold prices on Wednesday held near 4-1/2-month lows touched in the previous session as economic data from China tempered concerns about global growth, boosting risk appetite. Spot gold was broadly steady at $1,275.77 per ounce at 1237 GMT, having fallen as much as 1.2 per cent to $1,272.70, its lowest since December 27, on Tuesday. U.S. gold futures were up 0.1 per cent at $1,277.80 an ounce. "Investors are betting on the recovery of markets and that's mostly what's pulling gold down. The main market driver is moving from central banks to what is happening in the stock markets," said...
17/04/2019

Aldar Properties' Lea has sold out

Aldar Properties' latest development, Lea, located on the northern shores of Yas Island has sold out during Cityscape Abu Dhabi generating over Dh400 million in sales. Offering land plots starting at Dh990,000 and sizes ranging from 405sqm - 1,800sqm, and available for purchase by all nationalities, Lea features 238 residential plots in a prime location adjacent to Aldar's flagship Yas Acres project. Lea boasts parks, promenades, and waterside walkways. In addition to this, residents benefit from all of the amenities within Yas Acres - parks, swimming pools, play areas, bbq and picnic areas, schools, mosques and the Yas Acres full...