Commodity Prices

Brent Oil
64.32
Barrel
Crude Oil
57.52
Barrel
Gold
1,406.13
Ounce
Platinum
839.50
Ounce
Silver
15.56
Ounce
Currency Converter
UAE Dirham
UAE Dirham
US Dollar
US Dollar
Saudi Riyal
Saudi Riyal
Egyptian Pound
Egyptian Pound
Euro
Euro
Prayers

Fajr
04:09
Wednesday
17
July 2019

Fajr
Fajr
04:09
Sunrise
Sunrise
05:39
Dhuhr
Dhuhr
12:28
Asr
Asr
15:51
Maghrib
Maghrib
19:17
Isha
Isha
20:47
Markets

Most active
Esfanj
0.73
Hilal
0.5
Misk
5.97
Siyaha
8.8
Draja
1.63
Lohom
4.34
Pepsi
3.28
IFA
0.2
Al Mansour Bank
0.69
Hilal
0.5
Kindfit
1.45
Ahli
0.47
Al Mansour Bank
0.69
Hilal
0.5
Kindfit
1.45
Ahli
0.47
Alibaba head’s remarks spark debate over China working hours - Dotemirates
19/04/2019

Alibaba head’s remarks spark debate over China working hours

BEIJING: Remarks by the head of Chinese online business giant Alibaba that young people should work 12-hour days, six days a week if they want financial success have prompted a public debate over work-life balance in the country.Jack Ma is one of China’s richest men and his comments last week brought both condemnation and support as China’s more mature economy enters a period of slower growth.Newspaper People’s Daily, the ruling Communist Party’s mouthpiece, issued an editorial, saying mandatory overtime reflects managerial arrogance and was also impractical and unfair to workers. Online complaints included blaming long work hours for a lower...


More about

Business News

12/07/2019

Lebanon hopes for best season in years as Saudis return

BEIRUT: Ibrahim Zeeb is visiting Lebanon for the first time in years and says it’s the food he has missed most. “The best breakfast we’ll find anywhere is here,” said Zeeb as he waited with his children at Beirut airport for a relative flying in to join them from Saudi Arabia. Lebanon is hoping for its best tourist season since 2010, thanks to a rise in European visitors and a return of Saudis, whose government lifted a travel warning this year. Once a mainstay of Lebanon’s economy, tourism has been in the doldrums since 2011, when conflict erupted in neighboring...
11/07/2019

Air Canada flight bound for Sydney lands in Hawaii after turbulence injures 35 passengers

By Kevin Nguyen and Nick Sas Nine people suffered serious injuries on a Sydney-bound flight from Vancouver after the plane encountered turbulence at 36,000 feet.The Boeing 777-200, which had 269 passengers and 15 crew on board, was diverted to the Hawaiian capital of Honolulu.Flight tracking data showed the plane was about five-and-a-half hours into its journey before it suddenly decelerated about 500 kilometres out from the coast of Hawaii.An hour later the aircraft turned around over the Pacific Ocean and covered about 2,000km to return to the nearest airport.Thirty-seven people sustained injuries during the incident.Social media footage taken by Newcastle...
11/07/2019

Why Hong Kong's 'dead' extradition bill is still bad for business

The leader of Hong Kong, Carrie Lam, said this week that a controversial extradition bill was "dead".The comments provided much relief for businesses concerned about the fall-out from proposed changes to allow for extraditions to mainland China.They had worried these changes would hurt the very autonomy that has made Hong Kong into one of Asia's most important financial hubs.But protesters remain unconvinced and want to see the extradition bill formally withdrawn.A stand-off between the government and protestors is thus likely to continue, posing a fresh risk to Hong Kong's international reputation as an attractive place to do business. "There's an...

11/07/2019

Japan-South Korea tech spat

SEOUL: A simmering diplomatic row with Japan is threatening South Korea’s output of components that drive smartphones and computer displays, which analysts say could batter the global tech market and hike prices for consumers. Tokyo last week said that it would restrict exports of three chemicals vital to South Korea’s world-leading chip and smartphone industry in an escalation of a decades-long dispute over Japanese forced labor during World War II.And with the issue showing no sign of ending any time soon, there are worries it could also delay the rollout of 5G technology and futuristic folding screens.“If this situation persists,...
11/07/2019

Warning over Whirlpool danger dryers being sold online

A charity has warned that fire-prone tumble dryers, which are now being recalled, are being sold by third-party vendors on online marketplaces.Electrical Safety First is alerting consumers to the risk of buying these products and urging websites to do more to prevent them being listed.It wants model and serial numbers to be mandatory on listings, to allow cross-checking with recalls.Whirlpool will recall some dangerous dryers, it was confirmed on Wednesday.The company has spent nearly four years telling owners of these products - under the Hotpoint, Indesit, Creda, Swan and Proline brands - that they require a modification to rule out...
11/07/2019

Sir Kim Darroch's cable leaks appear to be a calculated sting. Who or what was behind it?

By Jack Hawke in London The leaking of Sir Kim Darroch's confidential memos labelling the Trump White House as "inept" and "incompetent" saw the highly-experienced United Kingdom ambassador to the United States lose his job, as US-UK diplomatic relations reach a low point.But the fallout could be more wide-ranging, with police asked to join the investigation into who gave the documents to UK newspaper the Mail on Sunday.Political tensions in the UK are already at breaking point as the country navigates Brexit and seeks a new Prime Minister to replace Theresa May.While all sides were quick to condemn the leak,...