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Maghrib
18:06
Thursday
24
January 2019

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Markets

2,514.36 -0.10%
Volume
78,940,399
Turnover
-0.10%
Trades
2,222
11
Up
2
Flat
20
Down
Traded stocks 33
5,019.16 0.97%
Volume
28,956,813
Turnover
0.97%
Trades
1,308
11
Up
9
Flat
8
Down
Traded stocks 28
Most active
Methaq
0.72
ADCB
9.15
GMPC
1.77
ADNOC Distribution
2.29
OIC
1.62
Al Qudra
0.72
National Cement
2.28
Al Salam Bank
1.2
FAB
14.7
Emaar
4.11
Etisalat
16.88
ADCB
9.15
Emaar
4.11
Salama
0.48
Emaar Malls
1.57
Deyaar
0.36

#Donald Trump


1 month 2 week

US director gets political at Marrakech film fest

MARRAKECH: US director James Gray, chairman of this year’s Marrakech film festival, on Monday lambasted his country’s President Donald Trump as an “imbecile.” “It’s embarrassing, I feel very awkward and I feel I have to apologize every two minutes, because... I’m trying to represent the better part of my country not that one that is represented by an imbecile.” US actor Robert De Niro, an outspoken critic of Trump, received a tribute award at the festival on Saturday. He used the occasion to launch a fresh tirade against the president and his “America First” mantra. “Sadly, in my country we...
1 month 2 week

Trump's AmericaDonald Trump flags trade truce extension but reminds China's Xi Jinping 'I'm a Tariff Man'

US President Donald Trump has held out the possibility of an extension of the 90-day trade truce with China but made clear he would revert to tariffs if the two sides could not resolve their differences.Mr Trump said his team of trade advisers, led by China trade hawk and US trade representative Robert Lighthizer, would determine whether a "REAL deal" with China was possible."If it is, we will get it done," Mr Trump said in a Twitter post. "But if not remember, I am a Tariff Man."The Republican president indicated he would not be opposed to extending the 90-day truce...
1 month 2 week

‘Premature’ to confirm OPEC+ cuts: Saudi minister

LONDON: Saudi Energy Minister Khalid Al-Falih has dismissed suggestions that OPEC and its partner producers such as Russia will cut output at the next meeting as “premature.”The oil producers are scheduled to meet in Vienna on Dec. 6 to discuss production policy for the next year.Speaking in an interview with Bloomberg TV on Tuesday, the minister said that talks between producers were needed to “hear about their views about supply, demand and projections of their own country’s production,” before deciding on the best course of action for the market.“We just need to figure out what needs to be done and...

1 month 2 week

Wall St plunges on fears of economic slowdown and US-China trade uncertainty

By business reporter David Chau, wires Wall Street suffered its biggest plunge since the October sell-off — over lingering concerns about the trade war, and the bond market signalling a potential economic slowdown.Investors have doubts about what was actually agreed between the United States and China when they struck a 90-day truce at the G20 summit over the weekend.While US President Donald Trump boasted about "an incredible deal", China has said very little.A lack of detail from Beijing left investors wondering if Mr Trump's exuberance was warranted.The White House said China would start buying farm products from US farmers "immediately",...
1 month 2 week

Timing of auto tariffs depends on talks: US official

WASHINGTON: US Commerce Secretary Wilbur Ross said on Tuesday that possible tariffs on automakers are aimed at pushing companies to make more cars and other vehicles in the United States and the timing of any duties would depend on the success of ongoing negotiations.“It’s a very, very important component of the European situation,” Ross told CNBC in an interview. “If we don’t fix the auto and auto part trade deficit and the Chinese trade deficit, we’re not going to get anywhere.” “The timing of this whole thing will largely be driven by what happens in negotiations,” Ross said. “China, we...
1 month 2 week

Stocks retreat as trade truce doubts return

London: Deflating hopes of a swift resolution to the Sino-US trade war knocked world stocks off a three-week high on Tuesday, while recession warning lights in US bond markets weighed on the dollar.Optimism over a rapprochement between US President Donald Trump and China’s Xi Jinping at the weekend G20 meeting was replaced by scepticism and left Wall Street braced for another day in the red.Adding to market jitters was an inversion of the short end of the US yield curve in bond markets, which historically has signalled a US recession.Asian markets had seen Japan’s Nikkei close 2.4 per cent lower...

1 month 2 week

Parents of US journalist missing in Syria appeal to US, Syria

BEIRUT: The parents of an American journalist kidnapped in Syria six years ago appealed on Tuesday for the United States and Syria to work together to find their son and said they had applied for Syrian visas to lobby there for his release.Austin Tice was 31 years old when he was detained in August 2012 at a checkpoint while reporting in Damascus on the uprising against Syrian President Bashar Al Assad.He has not been heard from publicly since a video posted online weeks after he disappeared showed him in the custody of armed men, though both Washington and his parents...
1 month 2 week

Several automakers report fall in US sales

WASHINGTON: Several carmakers reported a drop in new car sales in the United States in November, hurt by rising car prices and higher interest rates as well as further declines in sales of sedans.Ford Motor, Honda Motor and Toyota Motor Corporation all reported declines in sales, likely pulling down overall sales for the month.Top US carmaker General Motors, however, posted a roughly 1 per cent sales increase for the month, according to a source familiar with the company, with fleet sales offsetting a slight decline in sales to consumers.Ford, the No.2 US auto maker, said its sales fell about 6.9...
1 month 2 week

China grain traders await lower tariffs as US returns

BEIJING: China will need to drop steep tariffs it imposed on a range of American farm products earlier this year before it can fulfill its pledge to buy substantial volumes of US goods, said Chinese traders.China and the United States agreed on Saturday to a ceasefire in a months-long trade war that has roiled global markets and halted sales of US soyabeans to the world’s top buyer.The United States agreed to put on hold a scheduled increase in tariffs on $200 billion of Chinese goods due to come into effect on Jan.1, following talks between US President Donald Trump and...

1 month 2 week

Qualcomm not to revive $44b deal for NXP Semiconductors

NEW YORK: US chipmaker Qualcomm said it was not looking to revive its abandoned $44 billion acquisition of Dutch peer NXP Semiconductors, a day after the White House said China would reconsider clearing a deal if it was attempted again.Qualcomm, the world’s biggest smartphone-chip maker, walked away from its agreement to buy NXP in July, after failing to secure Chinese regulatory approval. The planned deal was first agreed between the two companies in October 2016.Qualcomm, headquartered in San Diego, California, and NXP, based in Eindhoven, the Netherlands, needed China’s blessing for their deal because of their presence in that country.After...
1 month 2 week

Iran wants to expand missile range – Tehran threat on oil

GENEVA, Dec 4, (Agencies): Iran wants to increase its missiles’ range, a senior military official was quoted as saying on Tuesday, a move that would irk the United States which views Tehran’s weapons programme as a regional security threat. US President Donald Trump pulled out of an international nuclear agreement in May and reimposed sanctions on the Islamic Republic, criticising the deal for not including curbs on Iran’s development of ballistic missiles. “One of our most important programmes is increasing the range of missiles and ammunition,” said the head of the Iranian air force, Brigadier General Aziz Nasirzadeh, according to...
1 month 2 week

Media coverage contrasts George H.W. Bush’s era with Donald Trump

NEW YORK, Dec 4, (AP): With a week commemorating the death of former President George H.W. Bush due to climax with a memorial service Wednesday at the Washington National Cathedral, the national media has almost inevitably focused on the contrast between his era and the present day. Even without President Donald Trump giving fresh fuel to those comparisons, they led to at least one angry television confrontation Monday on ABC’s “The View.” TV networks marked Bush’s passing late Friday with reminiscences and coverage of Bush’s body being fl own Monday from Texas to Washington, DC. The top broadcasters and cable...