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12:21
Saturday
20
April 2019

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2,813.91 0.02%
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233,964,117
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0.02%
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3,266
16
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6
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5,292.00 1.05%
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14
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1.87
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0.59
Aldar Properties
1.87
Indian rupee touches fresh new low against the dollar, UAE dirham - Dotemirates

Indian rupee touches fresh new low against the dollar, UAE dirham

The Indian rupee has continued to drop and hit a new record low of 72.58 against the US dollar on Monday although it has since recovered to 72.49. The Indian currency opened at record low of 72.15 a dollar on Monday, compared to its close of 71.73. It is currently trading at 19.76 rupees to one UAE dirham (11.30am UAE time). The dirham is pegged to the US dollar. The rupee is now one of Asia’s worst performers, losing 13 per cent this year. It has fallen due to strong demand for the US currency from importers, while a surge...


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15/04/2019

Under-18s face 'like' and 'streaks' bans on social media

Facebook and Instagram face a ban on letting under-18s "like" posts on their platforms while Snapchat could be prevented from allowing the age group to build up "streaks", under new rules proposed by the UK's data watchdog.The Information Commissioner's Office (ICO) said these techniques exploit "human susceptibility to reward".This, it said, encouraged users to share more personal data and spend more time on apps than desired.The proposal is part of a 16-rule code.To ensure its success, the watchdog says that online services must also adopt "robust" age-verification systems. Location trackingIn addition to calling for an end to children being exposed...

China first-quarter GDP growth seen cooling to 6.3 per cent: Report

Beijing: China’s first-quarter economic growth likely cooled to the weakest pace in at least 27 years, a Reuters poll showed, but a flurry of measures to boost domestic demand may have put a floor under slowing activity in March. Signs of improvement in the world’s second-largest economy would add to growing optimism that Washington and Beijing are nearing a trade deal, reviving business confidence and easing worries of a significant slowdown in global growth. But analysts do not expect a sharp rebound in China’s economy like recoveries in the past, which created a strong reflationary pulse worldwide, noting its latest...

KVIC created over 20 lakh new jobs in last five years: Vinai Kumar Saxena

New Delhi: The Khadi and Village Industries Commission has created over 20 lakh new jobs in the last five fiscals under the ambitious Prime Minister Employment Generation Programme (PMEGP), the commission's top official has said. KVIC chairman Vinai Kumar Saxena said the Commission has always achieved more than 100 per cent success rate in the execution of the PMEGP. He said that prior to 2014-15, the achievement rate was never over the stipulated target. But in the last five fiscals, due to the push given by Prime Minister Narendra Modi, to digital India, the KVIC succeeded in surpassing the targets....

15/04/2019

Women Leaders | “Exciting time to be a working woman in the GCC”

Companies, government bodies, and non-governmental organizations in the Middle East have witnessed women rising to senior leadership positions over the last two decades. Sheikha Lubna bint Khalid Al Qasimi set precedence by becoming the first woman ever to hold a cabinet position in UAE’s history. Lubna Olayan also broke the glass ceiling by becoming the first woman to deliver a keynote address in Saudi Arabia, with a strong speech at the Jeddah Economic Forum. In Kuwait, Sarah Akbar led the way by becoming the first female to head a GCC-based oil and gas company, when she took the helm at...
15/04/2019

Dubai Metro services between DMCC, Ibn Battuta stations to resume next week

Dubai Metro services between DMCC, Ibn Battuta stations to resume next week Staff writer Thursday 11 April 2019Dubai’s Roads and Transport Authority (RTA) has announced that metro services between the DMCC and Ibn Battuta stations will be resumed after more than a year on Friday, April 19.The metro Red line route between two stations was closed on January 5, 2018 as part of of Route 2020 project requirements.Route 2020 – which connects the metro to the Expo 2020 site, required constructing a new metro station and linking it with the existing station.Accordingly, the Nakheel Harbour and Tower station and the...
15/04/2019

Worldwide PC shipments declined 4.6% in Q1 2019

Worldwide PC shipments totalled 58.5 million units in the first quarter of 2019, a 4.6% decline from the first quarter of 2018, according to preliminary results by Gartner, Inc. “We saw the start of a rebound in PC shipments in mid-2018, but anticipation of a disruption by CPU shortages impacted all PC markets as vendors allocated to the higher-margin business and Chromebook segment,” said Mikako Kitagawa, senior principal analyst at Gartner. “While the consumer market remained weak, the mix of product availability may have also hindered demand. In contrast, Chromebook shipments increased by double digits compared with the first quarter...