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12:14
Sunday
23
September 2018

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Markets

2,764.38 0.86%
Volume
236,766,479
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0.86%
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2,880
26
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3
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6
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Traded stocks 35
4,883.42 -0.01%
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103,054,247
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1,501
9
Up
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Elaf
0.22
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7.25
Bithor
4.9
Tasweeq
8.5
Al Mansour Bank
0.62
Khaleeg
0.19
Credit
0.44
Ameen
0.33
Lohom
4.95
Pepsi
3.59
Bithor
4.9
Khaleeg
0.19
Khaleeg
0.19
Mousil
0.17
Capital
0.26
Al Mansour Bank
0.62
Apicorp posts three-fold rise in H1 profits - Dotemirates

Apicorp posts three-fold rise in H1 profits

DAMMAM / WAM The Arab Petroleum Investments Corporation (Apicorp) announced its half year results for the six months ended June 30. The company records total income of $169.9 million as compared to $60.0.Key drivers of this strong underlying performance were a 40 percent increase in net interest income to $45.9 million, evidence of an increase of the yield and size of the loan portfolio; dividend income of $33.4 million and a realised gain from the sale of its 29 percent equity investment in National Petroleum Services.Apicorp’s total assets stood at $6.6 billion as at June 30, a 6.3 percent increase...


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UAE News

1 hour 30 minute

Funeral services now in four languages in UAE

The group, Sharjah and Ajman Funeral Announcements and Support Services, said any nationality can access the service on social media platforms using the web-handle @Janaza_uae.  The service includes announcement of the death of a person, information about the funeral, burial procedures as well as repatriation of the body. The group said they would receive information about the deaths from various sources such as mosques, hospitals, corpse washers, police, among many others. Speaking to Khaleej Times, Abu Anas, one of the founders of Sharjah and Ajman Funeral Announcements and Support Services, said: "We use all kinds of social media platforms to...
1 hour 42 minute

Minister of Infrastructure Development meets Manager of Irish Maritime Development Office

DUBLIN, 22nd September, 2018 (WAM) -- Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Chairman of the Federal Transport Authority-Land and Maritime, FTA, has met Dr. Edel O'Connor,Business Development Manager for the Irish Maritime Development Office,who briefed him on researches and projects undertaken by the Office in partnerships with stakeholders. The meeting took place on the sidelines of the Irish maritime exhibition, which concluded today. Representatives of the FTA engaged in discussions with major Irish maritime industry leaders on opportunities for Irish companies in UAE maritime projects.
1 hour 44 minute

UAE Air Quality Index launched on MOCCAE app

DUBAI, 22nd September 2018 (WAM) - The Ministry of Climate Change and Environment (MOCCAE), in collaboration with Khalifa University of Science and Technology, launched the UAE Air Quality Index (UAE AQI) on MOCCAE’s smart application. The index displays real-time readings of the satellite-monitored air quality index (AQI) across the UAE. The UAE AQI employs cutting-edge technologies in live monitoring of air quality and, by using specific algorithms, it forecasts the AQI status for up to three days in advance, in addition to predicting the concentration of dust and particulate matters with a diameter of less than 2.5 microns (PM2.5). Dr....

1 hour 53 minute

VAT refund scheme: 4 conditions for UAE retailers to register in system

The Federal Tax Authority (FTA) on Saturday announced four conditions for retailers to register in the digital system of the Tax Refund Scheme for Tourists, which will come into effect as of the fourth quarter of this year. The FTA set condition that the retailer must be registered with the FTA and have a tax registration number (TRN); the supplier's sales of goods must not be excluded from the refund scheme; the retailer must submit a request to participate in the Scheme as determined by the FTA; and finally, the retailer must meet the financial credit requirements specified by the...
2 hour 50 minute

Good conduct certificate must for teachers in UAE

All teachers in the UAE will need to obtain a good conduct certificate from the police department of the country they last taught at in order to get their licence approved. The requirement also applies to those currently teaching in the UAE. A UAE teacher's licence is mandatory to teach in the country and a teaching permit may also be required, depending on each emirate. In Dubai, teachers have to get a permit from the Knowledge and Human Development Authority (KHDA) after they receive their teaching licence, which is issued by the Ministry of Education (MoE). The licence and permit...
2 hour 51 minute

How to get Dh3,000 discount when buying iPhone XS in Dubai

Over the weekend, Apple released new flagship smartphones in the UAE - the iPhone XS and XS Max. The company welcomed an overwhelming crowd at the Apple Store in The Dubai Mall during the launch on Friday. Fans queued up to grab the XS or XS Max models. The Apple Watch Series was also released the same day. The iPhone XS comes with price tags of Dh4,229 (64GB), Dh4,859 (256GB) and Dh5,709 (512GB). The iPhone XS Max phones, meanwhile, are worth Dh4,649, Dh5,279 and Dh6,129. Some may be holding back on the purchase because it apparently looks expensive, but if...