Commodity Prices

Brent Oil
61.92
Barrel
Crude Oil
53.12
Barrel
Gold
1,230.26
Ounce
Platinum
804.29
Ounce
Silver
14.35
Ounce
Currency Converter
UAE Dirham
UAE Dirham
US Dollar
US Dollar
Saudi Riyal
Saudi Riyal
Egyptian Pound
Egyptian Pound
Euro
Euro
Prayers

Dhuhr
12:15
Tuesday
11
December 2018

Fajr
Fajr
05:28
Sunrise
Sunrise
06:51
Dhuhr
Dhuhr
12:15
Asr
Asr
15:15
Maghrib
Maghrib
17:39
Isha
Isha
19:09
Markets

2,675.87 0.27%
Volume
142,188,944
Turnover
0.27%
Trades
3,520
16
Up
7
Flat
11
Down
Traded stocks 34
4,898.15 2.68%
Volume
101,628,473
Turnover
2.68%
Trades
2,829
16
Up
3
Flat
10
Down
Traded stocks 29
Most active
BBK
0.44
NBF
3.91
BILDCO
0.47
RAK Cement
0.65
CBI
0.66
Amlak Finance
0.38
Dubai Investments
1.29
IHC
1.09
FAB
14.1
Etisalat
17.18
Emaar
4.58
Dubai Investments
1.29
FAB
14.1
Dubai Investments
1.29
Gulf Navigation
1.08
Emaar
4.58

#Jobs


6 day 10 hour

Faraday Future is reportedly putting at least 250 employees on unpaid leave

Faraday Future's planned FF91 electric SUV. The electric vehicle startup Faraday Future has put at least 250 employees on furlough, The Verge reports. The automaker has reportedly decreased its US workforce from around 1,000 employees as of October to under 350. Faraday confirmed that it has put additional employees on furlough in a statement to Business Insider, but the automaker did not disclose the number of employees that were affected.  The automaker has struggled to build its planned FF91 electric SUV amid financial concerns. The electric vehicle startup Faraday Future has put at least 250 employees on furlough, The Verge...
6 day 10 hour

Instacart shoppers say that customers' orders are likely delayed because of frustration with the company's new payment system

Instacart relies on "shoppers" to deliver orders. Instacart, a grocery delivery company that relies on contract workers called "shoppers" to pick out and transport items to customers, announced at the beginning of November that it would be rolling out a new payment structure for those shoppers.  Hundreds of shoppers are complaining online that the changes have resulted in cuts to their earnings. Many are also calling for a boycott of the company. Shoppers say the new payment system is causing some delays for customers as workers reject more jobs and encourage others to boycott the company. An executive at Instacart...

Want to Be A Hacker? Go to Dallas.

A man named Tinker clutches an HDMI cable as he bumps through the crowd milling in front of the stage at Family Karaoke, a joint on Dallas’s east side. A former Marine, Tinker has a solid but not overly muscled frame. Less weight lifter than baseball infielder. He has a voice that belongs on a live-fire exercise. It booms, even over the thrump of the techno blasting from two speaker towers on the stage.“Okay, what’s the first rule of this place?” he asks the crowd before answering his own question: “Don’t hack the venue!” This is the monthly meeting of...

6 day 11 hour

Amazon's fleet of 767s is bad news for FedEx and UPS, Morgan Stanley says

Amazon's cargo planes are poised to take market share from UPS and FedEx, Morgan Stanley said. The online retailer had leased 40 Boeing 767 cargo planes and invested aggressively in its first air-cargo hub. Amazon's air-delivery system could lead to as much as a combined 10% drop in revenue for UPS and FedEx. Watch UPS, FedEx, and Amazon trade live. Amazon's cargo planes are poised to take market share from the logistics giants UPS and FedEx, Morgan Stanley says. "The market is missing the risk Amazon Air poses to UPS/FDX growth," a group of Morgan Stanley analysts led by Ravi...

Aramco awards key well services contract to BHGE

Dammam / Emirates Business Saudi Aramco has awarded a major simulation and well-testing contract to Baker Hughes — a GE company — to be a partner in optimising production from new and existing wells across conventional fields in Saudi Arabia.Demonstrating the strength and breadth of its expertise and portfolio of oilfield services, BHGE will deliver a comprehensive well services solutions including all cased-hole wireline logging, perforation, well testing, stimulation, fracturing and associated intervention services. By integrating discrete products, services and capabilities into a single offering, BHGE will help Saudi Aramco reduce time, costs and complexity while increasing efficiency.The three-year contract...
6 day 12 hour

Thomson Reuters media group to nix thousands of jobs

Canadian media firm Thomson Reuters said on Tuesday that it was slashing 3,200 jobs in the next two years. The move was announced as part of a raft of cost-cutting measures, which includes a new focus on its tax and legal businesses. The company also plans to close 30 percent of its global locations, reducing the number to 133 offices by 2020. The information and news provider recently completed the sale of a 55-percent stake in its Financial & Risk unit to private equity firm Blackstone Group. Thomson Reuters has not confirmed which parts of the company will be up...

6 day 12 hour

Why Mexico's new President Andres Manuel Lopez Obrador is getting rid of his $200m presidential jet

By Michael Vincent With the hashtag #austeridad (austerity), the new Mexican President's administration tweeted that the nation's version of Air Force One was going up for sale.It will come complete with a double-bed bedroom, plush leather seating for personal staff and what appears to be a marble bathroom.The $US200 million-plus Dreamliner 787-8 is now jetting off to California to be prepped for a new purchaser.Mexico's new President Andres Manuel Lopez Obrador, or simply AMLO, is a populist on the left. He was elected with the biggest support (53 per cent) in modern Mexican history.Mr Lopez Obrador even founded his own...
6 day 13 hour

With UAE support, 100 Yemeni women benefit from revamping, furnishing of vocational workshop

HODEIDAH, 4th December, 2018 (WAM) -- The Emirates Red Crescent, ERC, has begun the revamping and furnishing of a vocational workshop in New Khokha, Hodeidah and providing it with the necessary tools as part of its development initiatives in Yemen. It is also aimed at supporting small and medium-sized enterprises while enhancing their capacities in the liberated areas of Yemen's Red Sea Coast to serve the people who suffer from dire humanitarian conditions. The first phase of this vital project includes training of more than 100 women from five districts so as to upgrade the economic conditions of families of...
6 day 14 hour

South Africa Names First Female Top Prosecutor

Johannesburg: President Cyril Ramaphosa named a respected female lawyer on Tuesday to head South Africa's prosecuting authority which had been accused of improperly protecting former president Jacob Zuma.His appointment of Shamila Batohi further distances him from Zuma's scandal-tainted rule during which several top jobs, including head of the National Prosecuting Authority (NPA), were filled with loyalists."I am confident that the advocate possesses all the attributes of a capable National Director of Public Prosecutions... she has shown herself to be a fit and proper person," Ramaphosa told reporters in Pretoria.Batohi's predecessor Shaun Abrahams was dubbed "Shaun the sheep" for his slavish...

6 day 16 hour

Tetra Pak: At the forefront of food safety, improved output

JEDDAH — Tetra Pak, the world leader in food and beverages packaging and processing solutions, has undergone its own digital transformation over the past few years and is now working with its customers to help them navigate the complex systems and technology and create new opportunities as digitalization transforms the industry.In an interview, Niels Hougaard, MD Tetra Pak Arabia Area, said the company is playing a crucial role in protecting manufacturers from errors which could jeopardize food safety and, ultimately, the relationship with the end consumer “whether it’s leveraging global data from thousands of lines, connecting our field force with...
6 day 16 hour

Saxo Bank reveals 10 outrageous predictions for 2019

JEDDAH — Saxo Bank, the leading Fintech specialist focused on multi-asset trading and investment, has released Tuesday its 10 ‘Outrageous Predictions’ for 2019. The predictions focus on a series of unlikely but underappreciated events which, if they were to occur, could send shockwaves across financial markets. While these predictions do not constitute Saxo’s official market forecasts for 2019, they represent a warning of a potential misallocation of risk among investors who typically see just a one percent likelihood to these events materializing. Commenting on the Outrageous Predictions, Chief Economist at Saxo Bank, Steen Jakobsen said: “We have been publishing Outrageous...
6 day 16 hour

France halts fuel tax hikes in bid to calm fiery protests

Paris(France): The French government announced on Tuesday that it would suspend planned increases in fuel taxes for six months in a bid to quell fierce protests that have ballooned into the deepest crisis of Emmanuel Macron's presidency.The concession was one of several made by Prime Minister Edouard Philippe in a rare televised address, after the country was rocked by intense street clashes and vandalism in Paris over the weekend."This anger, you would have to be deaf and blind not to see it, nor hear it," Philippe said after more than a fortnight of demonstrations by so-called "yellow vest" protesters."No tax...