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Maghrib
18:59
Saturday
17
August 2019

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Markets

2,795.76 -1.27%
Volume
217,264,858
Turnover
-1.27%
Trades
3,456
5
Up
1
Flat
28
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Traded stocks 34
5,054.66 0.02%
Volume
66,706,981
Turnover
0.02%
Trades
1,738
10
Up
5
Flat
13
Down
Traded stocks 28
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Hilal
0.51
Draja
1.7
Ameen
0.44
Tomoor
1.17
BalBank
0.09
Esfanj
0.67
Dasalamm
0.49
Bagtel
8.9
Hilal
0.51
Babel
60.05
Al Khatem
2.6
Tomoor
1.17
Hilal
0.51
BalBank
0.09
Athmar
0.23
Tomoor
1.17
Bank lending for ‘real economy’ key to boost China growth: central bank official - Dotemirates
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,”...


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Business News

Nirmala Sitharaman silent on higher taxes for foreign investors: sources

New Delhi: Finance Minister Nirmala Sitharaman gave no indication at a meeting with foreign portfolio investors on Friday that she would withdraw a proposal to raise their taxes, some of the investors said. Finance Minister Nirmala Sitharaman unnerved many foreign investors with the tax increases in her proposed budget, which parliament ratified last month. Investors in turn pulled USD 1.8 billion out of Indian equities in July alone. The government was considering an exemption for foreign investors from the tax increase, which would be imposed on those on those earning more than 20 million rupees (USD 282,925.45) a year, sources...
10/08/2019

Oil demand growth at decade low

LONDON: Mounting signs of an economic slowdown and a ratcheting up of the US-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis of 2008, the International Energy Agency (IEA) said. The IEA said global oil demand in the first half of 2019 grew at its slowest pace since 2008 hurt by mounting signs of an economic slowdown and a ramping up of the US-China trade war. Rystad Energy said the oil market was going “from gloomy to gloomier,” calling into question the consultancy’s own bullish view for the first part of...
10/08/2019

Brexit turmoil drives UK economy toward recession

LONDON: Britain’s economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed on Friday, placing the country on the verge of a recession. Gross domestic product (GDP) fell 0.2 percent in the April-June period, the first time the economy has contracted in almost seven years, the Office for National Statistics (ONS) said. The data, which was worse than market expectations for zero growth, sent the pound sliding against the euro and dollar. The latest reading contrasted with a 0.5 percent expansion in the first quarter, when activity was boosted by companies stockpiling ahead of...

10/08/2019

Are you able to switch off when on holiday?

Not everyone will share Louise Greenleaf's feelings about holidays."I get bored really easily and keeping an eye on work keeps my brain active," says the head of marketing at City College Plymouth."I'm also a bit of a control freak and will worry about what's going on back at the office."Given a free choice, most people would prefer not to keep in touch with the office while on holiday, but many people feel obliged to.Recent research conducted by UK cyber-security firm Tessian, which spoke to 1,000 employees in companies that employ at least 100 staff, found that more than half of...
10/08/2019

Real pay cut for millions since 2010, TUC study suggests

Pay rates have effectively fallen for the UK's lower and middle income earners since 2010, research suggests.Workers in jobs paying between £9.56 and £12.73 an hour have seen their "real" wage fall 1% since 2010 after inflation is accounted for, analysis by the Trades Union Congress (TUC) found.However, the lowest-paid workers have seen average real pay rates increase 5%, thanks to minimum wage rises.Ministers say all workers saw income tax cuts and real pay was now rising. Real wage rates adjust the hourly rate for the effect of inflation, the average increase in the cost of goods and services, which...
10/08/2019

How to Effectively Manage Remote Employees: Lessons Learned From Apple and Google

Although the world of large corporations may be different from the world of small business, there are still many lessons smaller companies can learn from organizations like Apple and Google. One of these valuable insights concerns remote teams and how to organize and manage them. Remote teams are more than “the same office workers, except far away”—they are a unique subset of professionals. Apple: Reinforcing excellence Apple took an important part of its customer service model—customer support teams—and made it 100% remote. “At Home Advisors,” as the name suggests, offer customer support from the comfort of their homes. And despite...