Commodity Prices

Brent Oil
62.02
Barrel
Crude Oil
52.48
Barrel
Gold
1,341.29
Ounce
Platinum
801.00
Ounce
Silver
14.86
Ounce
Currency Converter
UAE Dirham
UAE Dirham
US Dollar
US Dollar
Saudi Riyal
Saudi Riyal
Egyptian Pound
Egyptian Pound
Euro
Euro
Prayers

Isha
20:46
Sunday
16
June 2019

Fajr
Fajr
03:56
Sunrise
Sunrise
05:29
Dhuhr
Dhuhr
12:23
Asr
Asr
15:43
Maghrib
Maghrib
19:16
Isha
Isha
20:46
Markets

2,614.03 -0.72%
Volume
107,912,990
Turnover
-0.72%
Trades
1,494
14
Up
4
Flat
13
Down
Traded stocks 31
4,955.26 -0.17%
Volume
41,623,144
Turnover
-0.17%
Trades
606
7
Up
5
Flat
9
Down
Traded stocks 21
Most active
Taqa
0.87
IHC
1.05
Salama
0.57
RAK Ceramics
1.52
NMDC
3
Emaar
4.36
Arkan
0.45
Emaar Malls
1.91
DIB
5.04
Emaar
4.36
GFH
0.87
UPP
0.33
UPP
0.33
GFH
0.87
Salama
0.57
Damac
0.88
N-Sea Holding appoints new chief executive - Dotemirates

N-Sea Holding appoints new chief executive

N-Sea Holding has announced the appointment of Arno van Poppel as Chief Executive of the subsea IMR services provider. Van Poppel succeeds Gerard Keser, who steps down from his current role after eight years with the company to take up a position on the company’s advisory board. With a solid track record in the marine contracting environment, Mr van Poppel has contributed to the growth and transformation of companies such as Fabricom and Boskalis Subsea Cables & Flexibles (formally VBMS), creating market leaders renowned for their innovative solutions and focus upon both customer service and delivery. "My experience aligns with...


More about

Business News

10/06/2019

Bahrain wealth fund Mumtalakat’s 2018 profit falls 73.5%

Bahrain’s sovereign wealth fund Mumtalakat’s 2018 net profit tumbled 73.5 per cent, it said in a statement on Sunday. The fund which holds stakes in Bahraini companies including Aluminium Bahrain (Alba) and telecoms company Batelco made a net profit of $148.4m in 2018 compared to $560.1m in the previous year.“Net profit in 2017 included fair value gain on de-recognition of associates of $667m while a higher cost of raw materials in 2018 led to a fall in Alba’s profits,” the statement said, without giving further details.Mumtalakat’s revenue totalled $5.5bn in 2018, up 38 per cent over the previous year due...
10/06/2019

Japan’s Q1 GDP grows at faster pace, but trade war blunts outlook

TOKYO: Japan’s economy grew slightly faster than initially estimated in the first quarter, thanks to stronger capital spending, but analysts say global trade tensions remain a drag on growth and raise risks to the outlook for the export-reliant nation.The world’s third-largest economy is facing growing downward pressure as the US-China trade war intensifies and global demand wanes, while at home consumers are reluctant to spend.“Although capital spending was revised up, it is expected to deteriorate as foreign demand continues to weaken due to the US-China trade tensions,” said Hiroaki Mutou, chief economist at Tokai Tokyo Research Institute.“Consumer spending remains weak...
10/06/2019

Falih: Only Russia is undecided on OPEC deal extension

MOSCOW — Saudi Energy Minister Khalid Al-Falih said Russia was the only oil exporter still undecided on the need to extend an output deal between OPEC and its allies until the end of the year, TASS news agency reported on Monday.Falih, in Moscow for talks with his Russian counterpart Alexander Novak, said there was clearly disagreement in Russia about whether to prolong the pact at a policy meeting in Vienna in coming weeks."So, I think the remaining country to jump onboard now is Russia. I will wait for the Russian dynamics to work themselves out," Falih told TASS in an...

10/06/2019

Fire breaks out at oil product storage facility in Iran

A fire broke out at a facility used for storing oil products at the Shahid Rajaee port on Iran’s Gulf coast on Wednesday, the Islamic Republic News Agency (IRNA) reported.Firefighters were on the scene trying to control the blaze, which was accompanied by explosions, according to IRNA, which gave no more details.IRNA did not provide any information on possible casualties.A picture posted by IRNA showed a cloud of black smoke forming above palm trees.
10/06/2019

Moscovici says G20 puts onus on US and China to solve trade row

TOKYO — The Group of 20 finance ministers' statement that trade tensions have "intensified" puts the onus on the United States and China to solve their trade dispute, European Union Commissioner for Economic Affairs Pierre Moscovici said on Monday.Moscovici, who spoke in Tokyo after attending the G20 finance ministers' meeting in Fukuoka over the weekend, expressed hope that the United States and China could reach an agreement at a G20 leaders' summit in Osaka later this month.The G20 finance ministers' statement issued on Sunday said trade and geopolitical tensions have "intensified", raising risks to improving global growth."The road map is...
10/06/2019

Sharjah-bound Air India flight turned back due to medical emergency

Sharjah-bound Air India flight turned back due to medical emergency Staff writer Wednesday 05 June 2019An Air India flight flying to Sharjah from Trivandrum in the Indian state of Kerala was diverted back to the airport following an onboard medical emergency on Tuesday, local media reported.Flight AI967 landed back at Trivandrum International Airport to attend to an ailing passenger onboard.