Commodity Prices

Brent Oil
63.62
Barrel
Crude Oil
58.20
Barrel
Gold
1,493.71
Ounce
Platinum
930.82
Ounce
Silver
17.76
Ounce
Currency Converter
UAE Dirham
UAE Dirham
US Dollar
US Dollar
Saudi Riyal
Saudi Riyal
Egyptian Pound
Egyptian Pound
Euro
Euro
Prayers

Maghrib
18:24
Saturday
21
September 2019

Fajr
Fajr
04:47
Sunrise
Sunrise
06:06
Dhuhr
Dhuhr
12:15
Asr
Asr
15:42
Maghrib
Maghrib
18:24
Isha
Isha
19:54
Markets

2,819.69 -0.14%
Volume
310,667,500
Turnover
-0.14%
Trades
3,580
9
Up
3
Flat
22
Down
Traded stocks 34
5,124.72 -0.61%
Volume
111,231,083
Turnover
-0.61%
Trades
2,475
6
Up
7
Flat
15
Down
Traded stocks 28
Most active
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
ADNOC Distribution
2.62
Emirates NBD
13.1
GFH
0.89
ADNOC Distribution
2.62
Deyaar
0.32
Emaar
4.85
Adani stocks cheer incumbency wave in India, Australia - Dotemirates

Adani stocks cheer incumbency wave in India, Australia

NEW DELHI/BENGALURU: Shares in various Adani Group companies, including those of flagship Adani Enterprises Ltd, surged on Monday after exit polls predicted Prime Minister Narendra Modi would return to power, even as Australian poll results also spelled good news for the conglomerate. Adani Enterprises rose as much as 29 per cent in afternoon trade, its sharpest intraday gain in over two years. Other Adani Group stocks such as Adani Power, Adani Gas and Adani Green Energy Ltd were all up more than 15 per cent in afternoon trading. The rally in Adani stocks outshone a broader market rally, which saw...


More about

Business News

15/09/2019

INTERVIEW: ‘Aramco IPO is going to change markets in the region,’ says strategist Yazan Abdeed

Seasoned regional investor Yazan Abdeen has developed a simple formula for successful investing in the Arabian Gulf: “Buy when people cry. Sell when they yell.” His maxim implies that investors should appreciate the buying opportunities in falling markets, as well as the chances of realizing a healthy profit in periods of market enthusiasm. It has served him well in a career of nearly two decades in the UAE and Saudi Arabia. Abdeen is chief executive officer of Abu Dhabi Investment Management, managing a portfolio on behalf of InvestAD, one of the UAE’s big investment vehicles owned ultimately by the giant...

FPIs turn net buyers, infuse Rs 1,841 cr in first half of September

New Delhi: Foreign portfolio investors turned net buyers in the first half of September, pumping in Rs 1,841 crore into the capital markets, after remaining sellers for the previous two months. The latest inflows have been triggered by improving investor sentiment on the back of easing US China trade war and supporting macroeconomic data, experts said. According to the latest depositories data, foreign portfolio investors (FPIs) withdrew a net amount of Rs 2,031.02 crore from equities but put in Rs 3,872.19 crore in the debt segment during September 3-13, translating into a total net inflow of Rs 1,841.17 crore into...
15/09/2019

Saudi Aramco is said to pick BofA, Goldman, JPMorgan for top IPO roles

Saudi Aramco has picked banks including Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co. for top roles on its planned initial public offering following intense lobbying by some of the world’s top dealmakers, people with knowledge of the matter said.Aramco started telling some banks of their selection Tuesday, the people said, asking not to be identified because the information is private. It plans to add more joint global coordinators to the deal, according to the people.The energy giant is considering first selling around a 1 per cent stake through a listing on the Saudi stock...

15/09/2019

‘Investing in camping sites to curb subletting’ – ‘Plan to rent out to public’

KUWAIT CITY, Sept 14: Director General of Kuwait Municipality Eng Ahmad Al-Manfouhi disclosed that he has been contemplating the idea of investing some parts of the spring camping locations by renting them out to the public through companies, which will be presented at the Municipality’s higher committee meeting next week, reports Al- Rai daily. Al-Manfouhi said the meeting will review the idea holistically, especially to overcome the issue of subletting the spring camps that has been ongoing. He stated that the possibility of investing it will be contained in the agenda for that meeting. He emphasized that the parts to...
15/09/2019

Crude oil markets weak – But anything could happen!

It seems the prospect of oil price going beyond $60 a barrel will not happen this year and the next. It is so weak that a major incident must happen to wipe out more than five million crude production to have any impact on oil prices. Many factors affect oil markets in terms of surplus availability from all over or almost every part of the world. USA shale oil plus Canadian oil that some owners are selling at a loss must get rid of the current surplus blocking the future imports of OPEC countries Saudi Arabia and Iraq. Canadian suppliers...
14/09/2019

3 Digital Security Threats Your Business May Be Overlooking

You’ve may have heard that cybercriminals keep one step ahead of the “good guys” tasked to catch them or thwart their schemes. The picture gets even more bleak when you think about the implications of that statement. Crime fighters are always a step behind—and they are supposed to be the pros, the experts whose job it is to control cyber crime. What does that say about the rest of us, the folks who depend on the internet and our digital devices to power our businesses? Let’s face it, we’re even further than merely one step behind, and lately, I’ve noticed...