Commodity Prices

Brent Oil
66.94
Barrel
Crude Oil
56.76
Barrel
Gold
1,323.30
Ounce
Platinum
821.50
Ounce
Silver
15.78
Ounce
Currency Converter
UAE Dirham
UAE Dirham
US Dollar
US Dollar
Saudi Riyal
Saudi Riyal
Egyptian Pound
Egyptian Pound
Euro
Euro
Prayers

Asr
15:53
Friday
22
February 2019

Fajr
Fajr
05:28
Sunrise
Sunrise
06:47
Dhuhr
Dhuhr
12:36
Asr
Asr
15:53
Maghrib
Maghrib
18:24
Isha
Isha
19:54
Markets

2,633.69 0.06%
Volume
201,539,267
Turnover
0.06%
Trades
3,667
15
Up
1
Flat
18
Down
Traded stocks 34
5,098.12 0.74%
Volume
87,420,806
Turnover
0.74%
Trades
2,589
14
Up
3
Flat
6
Down
Traded stocks 23
Most active
KHCB
0.65
Al Madina
0.29
IHC
1.05
UPP
0.38
GGICO
0.13
IFA
0.32
Takaful Emarat
1.48
RAK Cement
0.69
Emaar
4.66
GFH
0.97
ADCB
9.79
UNB
5.45
GFH
0.97
UPP
0.38
IHC
1.05
Emaar Malls
1.75
Carney to head BoE until 2020 - Dotemirates
12/09/2018

Carney to head BoE until 2020

Mubasher: Bank of England (BoE) Governor Mark Carney, who was due to step down in June next year, extended his term for further seven months. The Canadian economist will stay now until January 2020, the Treasury announced on Tuesday, confirming widespread speculations that the governor would extend his stay. "I'm delighted that the Governor has agreed to stay in his role for a further seven months to support a smooth exit from the European Union [EU] and provide vital stability for our economy," Chancellor Philip Hammond said in a statement. Carney stated last week that he was willing to serve...


More about

Business News

16/02/2019

Samsung cuts prices for Galaxy A7 and A9

JEDDAH — Samsung Electronics Co., Ltd. has announced new prices and complimentary accessories for its Galaxy A7 / A9 smartphones to provide its customers with the latest technology at affordable prices, starting last Feb.14.The company said these new prices are carefully catered to meet the needs of their loyal customers and provide a convenient variety of the latest smartphones. The Samsung Galaxy A7, which was originally priced at SR1,299, will now cost SR999. The Galaxy A7 will also be sold with a complimentary Samsung Care Card worth SR600. As for the Samsung Galaxy A9, which was originally priced at SR1,999,...
16/02/2019

ECI to secure $3 billion exports, re-exports of UAE-based nonoil firms

DUBAI —By setting a target to support$3 billion worth of non-oil exports and re-exports, Etihad Credit Insurance (ECI) has set a visionary strategy and growth plan aligned with the country’s economic agenda based on the diversification objectives of the UAE Vision 2021, during the recently concluded ECI 2019 Kick-Off Meeting at the Jumeirah Emirates Towers Hotel, Dubai, UAE.The event further highlighted ECI’s goal to support UAE-based companies with over $1.1 billion in exposure and revolving credit limits in 2019. With this, ECI remains committed to its role of assisting UAE businesses which are aiming to enhance their presence regionally and...

How to Pick the Right Motor Oil for Your Car

Given all the motor oil options out there, choosing the right oil for your car might seem like an impossibly daunting task. While there is a mountain of info to learn about the various oil choices, the first step is honestly quite simple: Look in the manual. Your car's owner's manual will list the recommended oil weight, whether that's a standard like 10W-30 or something more unusual. Later on, we'll explain what that weight means and how you should adjust it based on the seasons. But for now, choose an oil with the recommended weight from a brand that displays...

16/02/2019

March 14 – 21: Save the Dates!

Less than 26 days to go for the Special Olympics World Games to be hosted in Abu Dhabi and Dubai. It’s the first time that the event is coming to the Middle East and it’s generating quite the buzz. Close to 7,500 athletes from more than 190 nations will participate in the weeklong event from March 14 to 21. The event will feature 24 sports across 11 venues, including Zayed Sports City, the Yas Marina Circuit, the Dubai Police Academy, the Abu Dhabi Yacht and Sailing Club, among others. The event is expected to draw close to 20,000 volunteers and...
16/02/2019

Chancellor Philip Hammond's visit to China not going ahead

A visit to China by Chancellor Phillip Hammond has been called off amid reports a speech by the UK's defence secretary angered Beijing. There were plans for trade talks between Mr Hammond and senior Chinese government figures during the brief visit next week.But a Treasury spokesperson said: "No trip was ever announced or confirmed."Earlier this week, Gavin Williamson had indicated the UK's intention to send an aircraft carrier to the Pacific.Unconfirmed newspaper reports claimed the Chinese government was unhappy about Mr Williamson's speech on Monday. In it he announced the HMS Queen Elizabeth would be deployed to the region, as...
16/02/2019

Bank lending for ‘real economy’ key to boost China growth: central bank official

SHANGHAI: China should encourage its banks to support smaller, private firms in the real economy, rather than forced lending or policies such as quantitative easing, a state newspaper quoted a central bank official as saying on Saturday.“The central bank doesn’t wish to use administrative methods to require banks (to lend),” Sun Guofeng, head of the monetary policy department at the People’s Bank of China (PBOC), told the Financial News, a bank publication.“It wants to establish positive encouragement mechanisms though monetary policy tools to encourage banks to actively increase their support for the real economy, especially toward smaller and privately-owned firms,”...