Commodity Prices

Brent Oil
60.98
Barrel
Crude Oil
51.90
Barrel
Gold
1,339.87
Ounce
Platinum
794.79
Ounce
Silver
14.84
Ounce
Currency Converter
UAE Dirham
UAE Dirham
US Dollar
US Dollar
Saudi Riyal
Saudi Riyal
Egyptian Pound
Egyptian Pound
Euro
Euro
Prayers

Fajr
03:57
Tuesday
18
June 2019

Fajr
Fajr
03:57
Sunrise
Sunrise
05:29
Dhuhr
Dhuhr
12:23
Asr
Asr
15:43
Maghrib
Maghrib
19:17
Isha
Isha
20:47
Markets

2,628.83 0.56%
Volume
75,297,756
Turnover
0.56%
Trades
2,502
14
Up
1
Flat
19
Down
Traded stocks 34
4,912.33 0.23%
Volume
30,613,063
Turnover
0.23%
Trades
1,715
7
Up
5
Flat
10
Down
Traded stocks 22
Most active
Taqa
0.87
IHC
1.13
Emaar Malls
1.93
RAKBANK
4.55
Watania
0.6
Al Madina
0.22
Ekttitab
0.17
Arkan
0.44
ADCB
8.3
FAB
14.68
Emaar
4.34
DIB
5.07
Salama
0.59
GFH
0.86
Damac
0.88
Manazel
0.32
EDF, Masdar consortium wins tender to build 800MW solar plant in Morocco - Dotemirates

EDF, Masdar consortium wins tender to build 800MW solar plant in Morocco

A consortium led by French EDF Renewables won a tender to build an 800-megawatt solar plant near the Moroccan city of Midelt. The winning consortium for Noor Midelt I is led by French company EDF Renouvelables in collaboration with UAE renewables developer and operator Masdar, as well as Moroccan company Green of Africa. The plant will be built with an investment of 7.57 billion dirham (781.5 million U.S. dollars) funded by several international institutions, namely the European Investment Bank, the German bank of KfW, the French Development Agency, the European Commission, the World Bank, the African Development Bank and the...


More about

Business News

India home to world's second largest internet user base, thanks to Jio: Report

New Delhi: Helmed by Reliance Jio, India is home to the world's second largest internet user base, accounting for 12 per cent of all internet users globally, the 2019 Mary Meeker report on Internet Trends said. Jio is one of the most innovative internet companies based outside the US, it added. "At 3.8 billion, the number of Internet users comprises more than half the world's population," it said, adding China has the largest base, accounting for 21 per cent of all internet users globally. The US has 8 per cent of global internet users. Global internet user growth is solid...
12/06/2019

10 Copywriting Tips to Boost Your Website’s Conversions

Copy is everywhere. It’s the text on your landing page, the content of your promotional emails, and the words on your introductory brochure. If you produce something with the goal of driving sales, the words you use are copy. It’s meant to draw in readers, and it’s how most businesses today talk to their customers.   And when it comes to reeling in users and converting them, it’s all about the copy. The following are 10 tips for making your copy more effective in driving conversions on your website. 1. Figure out who your audience is Sales happen when you identify...

Insurers witness a bumper start

Mumbai: The financial year has begun on a high note for the life insurance sector which registered a 41 per cent growth in new business premium for April and May to Rs 28,396 crore. Public sector behemoth Life Insurance Corporation of India (LIC) has registered 38 per cent in first year premium to Rs 18764 crore led by a strong growth in less profitable and risky group business. On the other hand, private life insurance companies grew their new business premium by 46 per cent growth to Rs 9,631 crore during the period led by growth in both individual and...

Oil hovers around $50s as global demand weakens

Oil demand is shriveling as the trade war between the US and China trips up the global economy. Estimates for March and April are pointing to year-on-year declines in regions that account for almost half of global oil demand, according to Morgan Stanley. Indicators including the profit from making plastics have been sinking while refining margins in Europe recently hit multiyear lows. Even support from one of the tightest physical markets in years is starting to weaken -- premiums refineries pay to procure immediate supplies are slumping. That’s despite output being hit by a combination of OPEC+ production cuts, US...

Inflation hits 7-month high in May; experts hope for rate cut

New Delhi: India’s retail inflation rate hit a seven-month high in May due to higher food prices, government data showed on Wednesday, but stayed below the central bank’s target and potentially gives it room for more interest rate cuts to help a sluggish economy. Annual retail inflation in May was 3.05 per cent, up from the revised 2.99 per cent in the previous month, and above forecasts by analysts. A Reuters poll had predicted a retail inflation rate of 3.01 per cent for May. Core consumer inflation, which strips out food and fuel prices, was estimated at 4.1-4.2 per cent...
12/06/2019

American farmers suffering amid trade war with China and record rainfall

Many U.S. farmers are seeing their livelihoods hurt, due to the combination of trade disputes with countries like China and recent record rainfalls.Illinois farmer Dave Kestle on Tuesday planted the last of his corn crop on his 1,000 acre farm, and he just started planting his soybeans. That's unusual: Kestle planted both crops about six weeks after his target date — because his farm, like so many others, had been waterlogged by record rainfall. "We fought rain and mother nature all the time," he said, "and mother nature is the boss."Last month, the U.S. suffered its second rainiest month on...