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66.93
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56.97
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1,221.34
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843.00
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14.39
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Prayers

Fajr
05:14
Monday
19
November 2018

Fajr
Fajr
05:14
Sunrise
Sunrise
06:36
Dhuhr
Dhuhr
12:07
Asr
Asr
15:13
Maghrib
Maghrib
17:38
Isha
Isha
19:08
Markets

2,783.90 0.18%
Volume
146,303,640
Turnover
0.18%
Trades
2,923
14
Up
5
Flat
13
Down
Traded stocks 32
5,079.75 0.48%
Volume
60,357,207
Turnover
0.48%
Trades
2,487
14
Up
2
Flat
11
Down
Traded stocks 27
Most active
Palestine Islamic Bank
1.82
PALTEL
4.33
CBI
0.8
ADNH
3.15
Union Insurance
1.08
Salama
0.63
Methaq
0.75
Arkan
0.48
FAB
14.8
ADIB
4.25
Etisalat
17.3
Air Arabia
1.05
Air Arabia
1.05
Salama
0.63
ADIB
4.25
Dubai Investments
1.45
2 month 1 week

Abu Dhabi launches electronic service for court fine payment

People convicted over minor criminal offences that only involve fines and not a jail sentence, can now pay the court fines electronically and get clearance without visiting the Abu Dhabi courts. The Abu Dhabi Public Prosecution has launched the new online payment service that enables defendants convicted in minor criminal offences to pay their fines electronically through the Abu Dhabi Judicial Department (ADJD) website. And after making the payment, the person will receive an SMS showing that they have been cleared by courts. The move is part of the judicial department's strategy to improve customer services. It is also intended...


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UAE News

9 minute 11 second

Telecom Italia’s new boss deepens activist shareholder’s clout

Bloomberg Telecom Italia SpA’s decision to name Luigi Gubitosi as its new chief executive officer marks another victory for Elliott Management Corp in its push for a radical overhaul of the embattled phone company.The board, stacked with directors representing billionaire Paul Singer’s fund, chose the former Merrill Lynch banker at a meeting. Gubitosi succeeds Amos Genish, who was ousted last week for resisting the activist’s call for a spinoff of the landline network. Bloomberg reported that Gubitosi was set to become CEO.The appointment entrenches Elliott’s influence and deals a blow to Telecom Italia’s largest shareholder, Vivendi SA, which is against...
13 minute 17 second

Former Intel chief accepts $15mn package to join CDK

Bloomberg The former chief executive officer of Intel Corp who was ousted over an inappropriate relationship with an employee has accepted a marginal pay cut to join CDK Global Inc, a much smaller company that provides software to the auto industry.Brian Krzanich was named CEO and a member of the board. He’ll succeed Brian MacDonald, who had been leading CDK since 2016 and will leave company after assisting with transition.While CDK is far smaller than Intel — its latest fiscal year revenue of about $2 billion was less than 4 percent of the chipmaker’s 2017 total — Krzanich’s compensation won’t...
14 minute 13 second

Post-Carillion, UK recasts outsourcing approach

Bloomberg The UK government has drawn up a package of reforms to improve the way public services are outsourced, after construction firm Carillion Plc became one of the biggest corporate casualties in British history this year.Outsourcing firms, including Serco Group Plc and Capita Plc, will issue “living wills” over the coming weeks, Cabinet Office Minister David Lidington plans to say in a speech on Monday, according to an advance copy of his remarks. Living wills are plans to help with the dissolution of a company in the event of its collapse. Banks were also forced to create them in the...

17 minute 38 second

California wildfires: PG&E reports second failure in power-line

Bloomberg PG&E Corp may be poised for further volatility on Monday after disclosing a second power-line failure on the morning that California’s deadliest fire began.A circuit in Concow, Butte County, failed at about 6:45 am on November 8, the utility said in a filing to the state’s Public Utilities Commission. The California Department of Forestry and Fire Protection, known as Cal Fire, collected equipment on that circuit and “has secured a location near PG&E facilities,” the company said.“The information provided in the report is preliminary, and there has been no determination on the cause,” PG&E said in a statement. At...
18 minute 50 second

Corporate America’s debt boom looks like a bust for economy

Bloomberg Despite strong incentives in the Republican tax plan for American executives to expand, invest and ultimately boost the US economy’s growth potential, a lot of the debt companies are issuing appears to be motivated by something else.Non-financial corporate debt stands at 45.6 percent of gross domestic product, near the highest in post-war record keeping. Despite that, non-residential investment — a broad category in the national accounts that includes everything from office buildings to software — has only been bouncing around the 13 percent of GDP range since 2012.“You would think that companies want to add to productivity capacity but...
1 hour 13 minute

UNICEF Regional Director praises Sheikha Fatima’s international efforts to support children, women

ABU DHABI, 19th November, 2018 (WAM) -- Geert Cappelaere, Regional Director of the United Nations International Children's Emergency Fund, UNICEF, in the Middle East and North Africa, praised the efforts of H.H. Sheikha Fatima bint Mubarak, Chairwoman of the General Women's Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), to support children and women in the UAE and around the world. During his visit today to the headquarters of the Sheikh Zayed Private Academy for Boys in Abu Dhabi, Cappelaere highlighted the UAE’s leading role in implementing local...