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27
March 2019

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Markets

2,615.17 -0.73%
Volume
193,303,428
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-0.73%
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2,560
14
Up
5
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15
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Traded stocks 34
5,126.86 0.17%
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76,415,114
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0.17%
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1,585
9
Up
5
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Ekttitab
0.22
Dubai Insurance
3.6
Ithmaar Holding
0.22
Dar Al Takaful
0.55
Ooredoo
58
CBI
0.66
RAK Ceramics
1.65
National Marine Dredging
3.41
DIB
4.79
FAB
15.22
ADNOC Distribution
2.21
Emaar
4.68
UPP
0.38
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0.79
Eshraq
0.45
Salama
0.47
Stocks retreat as trade truce doubts return - Dotemirates
04/12/2018

Stocks retreat as trade truce doubts return

London: Deflating hopes of a swift resolution to the Sino-US trade war knocked world stocks off a three-week high on Tuesday, while recession warning lights in US bond markets weighed on the dollar.Optimism over a rapprochement between US President Donald Trump and China’s Xi Jinping at the weekend G20 meeting was replaced by scepticism and left Wall Street braced for another day in the red.Adding to market jitters was an inversion of the short end of the US yield curve in bond markets, which historically has signalled a US recession.Asian markets had seen Japan’s Nikkei close 2.4 per cent lower...


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Business News

20/03/2019

House price falls could spill over into small business, financial regulators warn

By business reporter Stephen Letts Falling house prices could spill over into small business lending, squeezing already tight credit conditions and their ability to raise much needed cash, according to Australia's top financial regulators.In its second quarterly statement, the Council of Financial Regulators said it would closely monitor lending to small business and urged banks to maintain the supply of credit to the sector.New lending to small business has slowed noticeably over the past year, and the situation was being complicated by the dependence of small business owners on residential property as collateral for loans, the council noted.Roughly half the...
20/03/2019

Egypt’s aviation ministry to increase departure fee for travelers in November: Reports 

CAIRO: Egypt’s Ministry of Civil Aviation has reportedly announced a $5 increase in the travelers’ departure fee starting from next November, local newspapers reported on Tuesday. Media said the increase to the passenger departure fee will raise the amount to $25, to be obtained indirectly for each passenger flying on regular or charter flights — both internationally and domestically — from Egyptian airports. The rate has not changed since 2013, the ministry said in a statement quoted by Al-Ahram Newspaper. The proposed increase was adopted by the Supreme Council for Pricing after "careful consideration" and according to normal practice in...
20/03/2019

Global exchange funds eye Saudi Arabian equities

LONDON: Global exchange-traded funds are building cash piles to place in Saudi Arabian equities, according to a ranking compiled by Bloomberg.It comes as the country joins the FTSE Russell emerging markets index, which is expected to attract billions of dollars in foreign fund inflows.“We believe Saudi’s inclusion in the FTSE Russell EM Index will have a significantly positive impact on stock markets, Salah Shamma, the regional head of investment at Franklin Templeton Emerging Markets Equity, told Arab News.“With an estimated $115 billion benchmarked against the FTSE Russell EM Index, the Kingdom could constitute approximately 2.5 percent of the gauge, resulting...

20/03/2019

Brexit food stockpiling loan ad banned

A financial services company has been ordered not to reuse an advert in which it tried to persuade people to take out a loan, in case they wanted to stockpile food because of Brexit.Cash On Go, trading as Peachy.co.uk, sent out an email saying, "it's a good idea to have a little stockpile ready."The Advertising Standards Authority (ASA) upheld a complaint from a reader who said the advert was irresponsible.Peachy said it referred to Brexit light-heartedly and to make it topical.It added that it wanted to reflect some situations where people may find it hard to prepare fully for unexpected...
20/03/2019

Watchdogs 'need to prove they protect consumers' says NAO

Four major UK regulators need to do more to prove they are offering enough protection to those who need it, spending watchdog the NAO has said.Ofwat, Ofgem, Ofcom and the FCA understand the "significant difficulties" facing consumers.But they can't prove they are effectively responding to them, the National Audit Office (NAO) said.The most common problem facing consumers in these sectors was how to handle debt, the NAO added.The watchdog recommended that regulators do more to measure their performance "so that they can understand what is working well for consumers and what isn't". Consumer issuesThe most common consumer problem across all...
20/03/2019

Juncker criticised over 'freeports'

Jean-Claude Juncker has come under attack for dismissing concerns that controversial art storage facilities may be enabling money laundering. MEPs have criticised the response of the European Commission president to allegations about "freeports" - tax-exempt warehouses for high-value goods close to ports and airports. They include one in Luxembourg which was authorised when Mr Juncker was prime minister of Luxembourg. A spokesman for Mr Juncker said he had "personally and tirelessly" pursued an agenda against money laundering and tax evasion.The owner of the Luxembourg Freeport, called Le Freeport, said it makes sure the tenants who rent its space conform to...