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04:48
Sunday
22
September 2019

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Markets

2,819.69 -0.14%
Volume
310,667,500
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-0.14%
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3,580
9
Up
3
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22
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Traded stocks 34
5,124.72 -0.61%
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111,231,083
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-0.61%
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2,475
6
Up
7
Flat
15
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ADSB
2.05
Gulf Cement
0.74
RAKBANK
4.69
Al Salam
0.45
AXA Green Crescent
0.41
Wahat Al Zaweya
2.43
Al Madina
0.2
ADNIC
2.8
FAB
15.26
Emaar
4.85
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2.62
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13.1
GFH
0.89
ADNOC Distribution
2.62
Deyaar
0.32
Emaar
4.85
USD continues to be main reserve currency - Dotemirates
12/09/2018

USD continues to be main reserve currency

Mubasher: The US dollar will remain the dominant global reserve currency for the foreseeable future, despite gradual progress of alternatives. Major shifts are expected not to happen before many years to come, Moody's Investors Service said in a report on Tuesday. "The transparency of the US financial markets as well as the stability and predictability of US monetary policy reinforce the safe-haven legacy that the US dollar holds," according to Moody's. Reserve currencies need to be stable and are expected to hold relative value through business cycles and asset price volatility. Governments that issue reserve currencies enjoy greater liquidity which...


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Business News

15/09/2019

Pearl Initiative launches online platform for SMEs

DUBAI, 14th September, 2019 (WAM) -- The Pearl Initiative, a business-led non-profit organisation promoting corporate accountability in the Gulf Region’s private sector, has taken the next big step in fortifying the governance atmosphere for one of the Gulf’s most prolific economic sectors – micro, small and medium-sized enterprises (MSMEs) – by launching a unique digital platform in the Gulf region at a recent roundtable event. Titled Corporate Governance Fundamentals, the platform is a dedicated centre designed to help MSMEs build and improve their corporate governance practices. Powered by the leading expertise of the Pearl Initiative, the Corporate Governance Fundamentals platform...
15/09/2019

Dubai Startup Hub launches 4th networking series

DUBAI, 15th September, 2019 -- Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry, in cooperation with Area 2071, recently kicked off the fourth edition of its weekly networking series, bringing together stakeholders from the Dubai start-up ecosystem. The 10-week series, hosted at Emirates Towers, will run until 13th November, placing the spotlight on a wide range of sectors, timely topics, trends and technologies that are central to Dubai’s economic development, such as talent, artificial intelligence, data science, education, travel, hospitality, logistics and social impact. The series will devote special attention to the subject of start-up...
15/09/2019

Sharjah, Tajikistan Chambers explore investment cooperation

SHARJAH, 15th September, 2019 (WAM) -- The Sharjah Chamber of Commerce and Industry, SCCI, has received a high-level delegation from the Republic of Tajikistan to discuss the prospects for joint cooperation and increased trade exchange, and opportunities for economic partnerships with the business communities in Sharjah and Tajikistan. Discussion took place during a meeting hosted by the SCCI recently, in the presence of Waleed Abdul Rahman Bu Khatir, SCCI’s Second Vice Chairman; Dzumakhonzoda Dzamshed Dzurakhon, Chairman of the Chamber of Commerce and Industry of the Republic of Tajikistan, along with Mohammad Ahmed Amin Al Awadi, SCCI’s Director-General; Bahodur Sharifi Mahmudzoda,...

15/09/2019

Harris Pye undertakes strategic transformation

DUBAI – Joulon, the global company offering lifecycle asset management (LCAM) services to asset owners and operators in the broader energy industry, has announced a bold and radical strategy to reposition the global business of Harris Pye.Abhishek Kumar, Chairman of Harris Pye and Vice Chairman and CEO of Joulon, explained, “Joulon has identified an opportunity for Joulon-Harris Pye to more efficiently capitalize on the success of completed projects executed globally. By implementing a step change process over the coming weeks, both existing and new customers will be offered the opportunity to engage Harris Pye as a lifecycle asset management contractor...
15/09/2019

EY launches GigNow platform

RIYADH – EY announced the launch of GigNow in the MENA region, an online platform that connects people seeking short-term contracts (gigs) with opportunities at EY.Advancements in workplace technology enables freelancers to access job opportunities that allow them to work remotely, giving them more flexibility and freedom in their professional careers as they support on-demand work.The launch of the GigNow platform is in line with the increasing global trend of organizations leveraging contingent workers, also known as freelancers who are employed on short-term contracts, to respond to growing work demands during peak seasons.As an online talent marketplace, GigNow will offer...
15/09/2019

M Hotel Makkah rewards its guests during the Saudi National Day

MAKKAH — M Hotel Makkah by Millennium, a 5-star hotel located at the heart of the holy city of Makkah, offers its guests a generous discount of 50% on suites during the Saudi National Day. This offer comes to conclude a successful Haj and Umrah season and starts a new Hijri year with a mesmerizing experience.M Hotel Makkah by Millennium has witnessed a very successful Hijri year in terms of occupancy and performance during the last Haj and Umrah season. With its 785 spacious rooms and suites elegantly designed and equipped with the latest technologies and amenities, the hotel continues...