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64.18
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57.09
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1,416.34
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854.75
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16.33
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Dhuhr
12:29
Wednesday
24
July 2019

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04:13
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05:43
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12:29
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15:53
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Markets

2,832.53 2.08%
Volume
273,671,030
Turnover
2.08%
Trades
4,148
21
Up
6
Flat
7
Down
Traded stocks 34
5,343.86 0.85%
Volume
106,890,373
Turnover
0.85%
Trades
2,814
12
Up
6
Flat
8
Down
Traded stocks 26
Most active
IHC
1.8
Aldar Properties
2.31
Al Salam
0.49
Air Arabia
1.12
Taqa
0.74
Methaq
0.64
Sudatel
0.38
Ekttitab
0.19
ADCB
8.95
Emaar
5.15
DIB
5.25
Aldar Properties
2.31
UPP
0.36
Aldar Properties
2.31
DXB Entertainments
0.21
Air Arabia
1.12
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

18/07/2019

UAE's bank assets total AED1.68 trillion in H1 2019

ABU DHABI, 18th July 2019 (WAM) -- Total assets of the UAE’s six national banks totalled AED1.68 trillion in the first half of 2019, an increase of AED170 billion, or 11.2 percent, compared to AED1.51 trillion in the same period of 2018. The sector’s activity is highlighted by the profitability of the banks, which rose to around AED18 billion in the first half of 2019 while deposits rose to AED1.08 trillion from January to June, compared to AED1 trillion in the same period of 2018. Loans also witnessed growth, rising from AED886 billion in the first half of 2018 to...
18/07/2019

DIB H1 net profit rises 13% to Dh2.75 billion

Dubai Islamic Bank, the first Shariah-compliant lender, on Wednesday said its first-half net profit jumped 13 per cent to Dh2.75 billion from Dh2.44 billion in the same period last year on the back of higher operating revenues and total income. Its total income grew 25 per cent to Dh7 billion while net operating income rose 16 per cent to Dh4.7 billion, the bank said in its first-half results. Net operating profit before impairment charges grew by 23 per cent to Dh3.498 billion. Operating expenses remained stable at Dh1.201 billion as against Dh1.187 million in H1 2018. While Cost-to-income ratio continues...
18/07/2019

CBD on pace for record profit

Commercial Bank of Dubai on Wednesday said its net profit in the first half of 2019 jumped 25 per cent to Dh701 million due to higher operating income and is on track to achieve a record profit for the full year. The lender said in a statement sent to the Dubai Financial Market that operating income grew 13.7 per cent year-on-year to Dh1.51 billion, driven by higher net interest income and other operating income. Operating profit before impairment allowances was up 19.7 per cent to Dh1.08 billion. Its net impairment allowances reached Dh380 million, an increase of 10.9 per cent....

18/07/2019

Australians who said taxes were 'against God's will' ordered pay up

A pair of Australian Christian siblings who refused to pay income tax because it was "against God's will" have been ordered to pay more than AU$2.3 million (US$1.6 million, €1.4 million) after a Tasmanian Supreme Court judge ruled the Bible does not specifically say "thou shalt not pay tax." Fanny Alida Beerepoot and her brother Rembertus Cornelis Beerepoot had refused to pay income tax since 2011 because they believe taxation is a form of ownership, a power they say the Australian government does not have, local media reported. They owed almost AU$930,000 in income tax. "Ownership is vested in almighty...

Gold rises by Rs 170 on jewellers' buying, silver jumps Rs 910

New Delhi: Gold prices on Thursday rose by Rs 170 to Rs 35,670 per 10 gram in the national capital, while silver zoomed Rs 910 to Rs 41,100 per kg on positive overseas trend and fresh buying by industrial units and coin makers, according to the All India Sarafa Association. Despite gold losing steam overseas, the precious metal saw upward trend due to rise in domestic demand, traders said. Globally, spot gold was trading lower at USD 1,422 an ounce in New York, while silver was up at USD 16.17 an ounce. In the national capital, gold of 99.9 per...
18/07/2019

Nasdaq Dubai welcomes listings by DP World of US$1 billion Sukuk, $300 million bond

DUBAI, 18th July, 2019 (WAM) -- Nasdaq Dubai today welcomed the listing of a US$1 billion Sukuk and a $300 million conventional bond issued by global trade enabler DP World. DP World is the largest UAE debt issuer by value on the region’s international exchange, with Sukuk and conventional bond listings now totaling $8.09 billion. The $300 million conventional bond that listed today was a tap issuance on a $1 billion bond that DP World issued in September 2018. DP World operates a geographically diverse network of trade enabling businesses including ports and terminals, industrial parks, logistics and economic zones,...