Commodity Prices

Brent Oil
78.84
Barrel
Crude Oil
69.73
Barrel
Gold
1,198.70
Ounce
Platinum
814.22
Ounce
Silver
14.17
Ounce
Currency Converter
UAE Dirham
UAE Dirham
US Dollar
US Dollar
Saudi Riyal
Saudi Riyal
Egyptian Pound
Egyptian Pound
Euro
Euro
Prayers

Dhuhr
12:16
Wednesday
19
September 2018

Fajr
Fajr
04:47
Sunrise
Sunrise
06:06
Dhuhr
Dhuhr
12:16
Asr
Asr
15:43
Maghrib
Maghrib
18:26
Isha
Isha
19:56
Markets

2,742.98 -0.33%
Volume
267,909,318
Turnover
-0.33%
Trades
3,232
11
Up
2
Flat
23
Down
Traded stocks 36
4,876.39 -0.13%
Volume
60,054,605
Turnover
-0.13%
Trades
1,416
8
Up
10
Flat
12
Down
Traded stocks 30
Most active
Julphar
2.15
Deyaar
0.45
KHCB
0.81
IHC
1.18
National Marine Dredging
2.85
Sharjah Cement & Industrial Development
0.93
Aramex
4.07
Gulf Navigation
0.86
Emaar
4.71
FAB
14.2
Drake & Scull
0.41
Deyaar
0.45
Drake & Scull
0.41
Deyaar
0.45
Salama
0.63
Aldar Properties
1.79
OPEC basket price falls $1 MoM in August - Dotemirates
6 day 15 hour

OPEC basket price falls $1 MoM in August

Mubasher: The average price for a basket of crudes from OPEC producers declined by $1.01 month-on-month to $72.26 per barrel (pb) in August. Last month, ICE Brent went down $1.11 to $73.84 pb, compared to the previous month, while NYMEX WTI sank $2.74 month-on-month to $67.85 pb and DME Oman decreased by $0.24 to $72.67 pb versus the month before, according to OPEC monthly oil market report. “Crude oil futures were also down for the month. Price declines were mainly due to worries that the ongoing global trade disputes would lower oil demand, strengthening US dollar, US stock builds and...


More about

Business News

20 minute 39 second

Rupee recovers 28 paise against US dollar in early trade

Mumbai: The rupee on Wednesday rebounded from its all-time low by rising 28 paise to 72.70 against the US dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters and banks. Besides, dollar-selling by exporters and banks, easing crude prices in the global market and weakness in the dollar against other currencies overseas, helped the domestic currency rebound, forex dealers said. A higher opening in the equity market also supported the recovery in the rupee, they said. The rupee on Tuesday slid further by 47 paise to settle at a record...
22 minute 49 second

Sensex recovers over 100 points on value-buying, global cues

Mumbai: The BSE Sensex rebounded over 100 points in opening trade on Wednesday on value-buying in recently battered stocks amid strength in the rupee and positive global cues. The 30-share BSE index recovered by 142.26 points, or 0.38 per cent, to 37,432.93 in opening trade. The index had lost almost 800 points in the previous two sessions as rupee woes and trade war worries spooked investors. The NSE Nifty was up 50.55 points, or 0.44 per cent, at 11,329.45. Sectoral indices, including metal, healthcare, oil and gas, FMCG, auto, capital goods, realty, and banking were trading in the positive terrain...
29 minute 10 second

Report: ME economies starting to recover after a slow start to 2018

According to ICAEW’s latest  report, macroeconomic conditions seem more promising for Middle East economies after a relatively slow start to 2018. Overall, the Middle East’s GDP is expected to grow from 0.9% in 2017 to 2.4% in 2018, but downside risks remain. Report: ME economies starting to recover after a slow start to 2018 , produced by Oxford Economics, says higher crude production and recovering oil prices will aid growth in an otherwise sluggish oil sector and strengthen fiscal and external balances for the GCC economies. The global crude oil price is forecast to average at $78 per barrel in...

48 minute 50 second

Banking royal commission: Youi insurance left storm victims exposed to lead dust, mould and elements

By business reporter Stephanie Chalmers A young family was left without a proper roof, exposing three children and their pregnant mother to lead dust, after insurer Youi failed to repair their roof for a year and half after a hailstorm. Sacha Murphy was one of two Youi customers to give evidence at the banking royal commission about her struggles with the insurer following natural catastrophes.Ms Murphy told the hearing she made a claim after a hail storm hit Broken Hill in far west New South Wales in November 2016, which left her car looking "like a golf ball" and caused...
50 minute 5 second

Daggers drawn at Infosys as Bansal wins arbitration

Bangaluru: In a serious setback to Infosys, known for its ethical way of conducting business, an arbitration tribunal has directed the tech major to pay an outstanding exit allowance of Rs 12.17 crore with interest to its former CFO Rajiv Bansal. The verdict of the tribunal turns the spotlight again on the old street battle over why Bansal was given such a huge pay out completely out of proportion with Infosys policies. But the more Infosys fights this case, the longer it would stay in news for wrong reasons. The charges of “excessive” and “hush money” given to cover up...
1 hour 5 minute

NAB executives to get a 15pc pay cut in response to community anger over misbehaviour

By business reporter Stephen Letts NAB has reacted to growing community anger by giving its senior executives a 15 per cent haircut to their handsome remuneration packages.Chairman Ken Henry said the new remuneration structure for the executive leadership team was more customer and shareholder focussed."Where NAB falls short of customer, shareholder and community expectations, the new framework provides the board with the ability to hold leaders accountable," Dr Henry said.For chief executive Andrew Thorburn that means the "at target" remuneration is now $7.94 million, down $1 million — or 11 per cent — on last year.The "at target" pay is...