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Three sectors drag down ADX Wednesday - Dotemirates
1 week 1 day

Three sectors drag down ADX Wednesday

By: Bedour Al Raee Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 58.19 points, or 1.17%, to close at 4,934.44 points on Wednesday, dragged down by the real estate, banks, and telecommunication sectors. The ADX is still stable, supported by the latest decrees of the ruler of Abu Dhabi regarding the shareholding of Aldar Properties, along with the UAE cabinet’s decisions that incentivise the national economy, vice president of Investment Research at KAMCO Raed Diab told Mubasher. On Wednesday, market capitalisation reached AED 489.807 billion. The real estate sector went down 1.8%, as Eshraq Properties...


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26 minute 15 second

Pakistan invites Saudi to invest in China economic corridor

ISLAMABAD — Islamabad has invited Saudi Arabia to invest in the Beijing-funded, multi-billion dollar infrastructure corridor being constructed in Pakistan, its information minister said Thursday, as concerns grow over the country's debt levels. The China-Pakistan Economic Corridor (CPEC) is an ambitious plan to build energy and transport links connecting the western Chinese region of Xinjiang with the Arabian Sea via Pakistan, as part of Beijing's broader Belt and Road initiative. But the opaqueness of CPEC financing has led to concerns as Pakistan faces a looming balance-of-payments crisis, including fears about the country's ability to repay Chinese loans. "Saudi Arabia is...
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Dow, S&P close at record highs

A wave of buying sent U.S. stocks solidly higher on Wall Street Thursday, pushing the Dow Jones Industrial Average above the all-time high it closed at in January. The S&P 500, the benchmark for many index funds, was also above the peak it reached last month.A weaker dollar and a mix of mostly encouraging economic reports kept investors in a buying mood, despite the escalating trade tensions between the U.S. and China as each nation imposes new rounds of punitive tariffs on the other. Technology stocks, banks and health care companies accounted for much of the rally. Energy and industrial...
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Michael Cohen questioned by Mueller's team about Trump and Russia: ABC

Michael Cohen, President Donald Trump's former personal attorney, has participated in multiple interviews with Special Counsel Robert Mueller's team over the past month, ABC News reported. The questioning has focused on all aspects of Trump's dealings with Russia, the report said. Sources told ABC investigators were also interested in knowing whether Trump discussed the possibility of a pardon with Cohen. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

1 hour 22 minute

How VTEC Works

If you're a car enthusiast, you've probably heard the term "VTEC" before, but you might not know what it means. If you don't, here's an explainer.VTEC is a type of variable valve-timing system developed and used by Honda. It stands for Variable Valve Timing & Lift Electronic Control. Like most other variable-valve timing systems, VTEC varies oil pressure to shift between different cam profiles. At higher engine speeds, the cam profile allows greater valve lift, which allows more air into the cylinder. This helps generate more horsepower. Since its introduction in the late 1980s, VTEC has been used in many...
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Reasons why millionaires flock to the UAE

The UAE will remain a magnet for millionaires as the population of high net worth individuals (HNWIs) will grow faster in the coming years. The country will continue to attract expat millionaires as well as provide opportunities for home-grown ones.According to the Wealth-X estimates of regional private wealth, the number of millionaires in the UAE with assets between $1 million and $30 million reached 46,998 while ultra-high net worth individuals with assets of $30 million-plus reached 1,380 last year. The UAE houses the second largest wealthy population after Saudi Arabia in the GCC.The number of millionaires in the UAE with...
2 hour 56 minute

Why the Fourth Industrial Revolution will create plenty of opportunities

The Fourth Industrial Revolution will be creating a wealth of opportunities for businesses in the region to become more efficient, experts at the CIO Majlis highlighted. "The Fourth Industrial Revolution is all about using the power of IT today and the technologies that are available such as smart devices and analytics, and introducing them into the manufacturing process to make things more efficient and cost effective. In Dubai, there are a lot of industries, and so lots of opportunities to become more efficient using these technologies. Manufacturing, finance and banking, and the logistics industry in particular will be the ones...