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September 2018

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Markets

2,742.98 -0.33%
Volume
267,909,318
Turnover
-0.33%
Trades
3,232
11
Up
2
Flat
23
Down
Traded stocks 36
4,876.39 -0.13%
Volume
60,054,605
Turnover
-0.13%
Trades
1,416
8
Up
10
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12
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Traded stocks 30
Most active
Julphar
2.15
Deyaar
0.45
KHCB
0.81
IHC
1.18
National Marine Dredging
2.85
Sharjah Cement & Industrial Development
0.93
Aramex
4.07
Gulf Navigation
0.86
Emaar
4.71
FAB
14.2
Drake & Scull
0.41
Deyaar
0.45
Drake & Scull
0.41
Deyaar
0.45
Salama
0.63
Aldar Properties
1.79

International Business Times


Financial crisis 2008: Five biggest risks of a new crash

Iconic image of staff standing in a meeting room at Lehman Brothers offices in the financial district of Canary Wharf in London September 11, 2008, shortly before its collapse. Kevin Coombs Wall Street giant Lehman Brothers filed for bankruptcy on September 15, 2008, triggering the most significant global financial crisis since the great depression. Lehman's collapse was not triggered in a day but over a much longer period, with assets of US$680 billion (£518 billion) supported by only US$22.5 billion of capital by the time it went under. As the subprime mortgage crisis began to eat up financial institutions, this...

Beyond fake news? Facebook to fact check photos, videos

Close Infowars' Alex Jones Banned From YouTube, Facebook, Apple And Spotify Twitter, Getty Images NEW YORK — Facebook says it is expanding its fact-checking program to include photos and videos as it fights fake news and misinformation on its service.Malicious groups seeking to sow political discord in the U.S. and elsewhere have been embracing images and video to spread misinformation.The company has been testing the image fact-checks since the spring, beginning with France and the news agency AFP. Now, it will send all of its 27 third-party fact-checkers disputed photos and videos to verify. Fact-checkers can also find them on...

'High priest of Project Fear': Mark Carney slammed over dire Brexit warnings

The Governor of the Bank of England, Mark Carney, speaks at event in St George's Hall, Liverpool, Britain November 16, 2017. Phil Noble LONDON — Bank of England Governor Mark Carney warned Friday that developments surrounding Brexit are "the most significant influences" on the economic outlook for Britain.A day after he reportedly told Cabinet members that a disorderly Brexit could lead to economic problems akin to the 2008 global financial crisis, Carney said the bank was ready for any eventuality."The Bank of England is well-prepared for whatever path the economy takes, including a wide range of potential Brexit outcomes," he...

VW to squash the Beetle: End of the road for iconic 'People's Car'

A man checks his Volkswagen Beetle during the celebrations of the National day of the Beetle in Sao Bernardo do Campo January 23, 2011. Owners of Volkswagen Beetles come together during this annual event which celebrates the car's history in Brazil's automobile industry. Reuters/Fernando Donasci DETROIT — After nearly seven decades of production, Volkswagen has decided to squash its iconic Beetle.The company's American unit announced that it would end global production of the third-generation bulbous bug in July of next year after offering two special editions for sale.The originating concept behind the first Volkswagen, the company, and its name, is...

The Apple Watch Series 4: From niche product to must-have medical device

Close iPhone XS And XS Max: 7 Things You Need To Know About Apple's Updated Premium Phone Apple Inc. CUPERTINO, Calif. — Apple is trying to turn its smartwatch from a niche gadget into a lifeline to better health by slowly evolving it into a medical device.In its fourth incarnation, called Series 4 and due out later this month, the Apple Watch will add features that allow it to take high-quality heart readings and detect falls. It's part of Apple's long-in-the-making strategy to give people a distinct reason to buy a wrist gadget that largely does things smartphones already do.Since...

Turkish central bank defies Erdogan and hikes interest rates to stem lira crisis

Close Turkey's Currency Crisis 2018 Explained Reuters, Getty Images ANKARA, Turkey — Turkey's central bank raised its key interest rate sharply, from 17.75 percent to 24 percent, to contain inflation and stem the currency crisis that has been destabilizing the country this summer.The bank's move is long overdue, many independent economists say, and suggests it is re-asserting its independence after President Recep Tayyip Erdogan repeatedly and publicly pushed it to keep rates low.The Turkish lira began to recover shortly after the rate hike, strengthening by 3.4 percent to 6.18 against the dollar.The currency has plunged in recent months and even...

Did Trump just blink in China trade war? Washington asks to resume talks on tariff fight

Close 'Trump 2020' Flags Are Made In China Amid Trade War With Beijing Reuters BEIJING — Washington has invited Beijing to hold new talks on their escalating tariff dispute, the Chinese foreign ministry said Thursday, ahead of a decision by President Donald Trump on whether to raise duties on $200 billion of Chinese imports.The announcement followed reports by American and European chambers of commerce that foreign companies in China have been hurt by earlier tariff hikes by both sides in the fight over Beijing's technology policy."We have indeed received an invitation from the U.S. side. We welcome it," said a...

Brexit boss Tim Martin bans Jagermeister, French brandy at 880 JD Wetherspoon pubs

JD Wetherspoon chairman Tim Martin feels the UK has nothing to fear in a post-Brexit world Photo: JD Wetherspoon A pub chain founded by a prominent Brexit supporter said it will stop selling French brandy and German Jagermeister liqueur and replace them with products from countries that aren't European Union members.JD Wetherspoon said that starting September 26, its 880 pubs will stock English herbal liqueur Strika instead of Jagermeister. Courvoisier and Hennessy cognac will be replaced with brands from Britain and Australia.The change means the pub chain will no longer serve Jagerbombs — a student favourite that combines a shot...

Tory Brexit rebels in retreat? Plot to topple Theresa May denied

Britain's Prime Minister Theresa May arrives at Downing Street in London, September 10, Hannah McKay LONDON — Leading Brexit-supporting lawmakers insisted that they aren't about to topple Prime Minister Theresa May, despite strong opposition to her plan for taking Britain out of the European Union.A faction of May's Conservative Party opposes her proposal to keep the U.K. aligned to EU rules after Brexit in return for free trade in goods. They say that would keep Britain tethered to the bloc and unable to strike new trade deals around the world.Several dozen rebel lawmakers have discussed attempting to trigger a no-confidence...

If Trump were a CEO, his board would have fired him by now

Close Donald Trump Lashes Out At 'Gutless' Anonymous NYT Op-Ed White House YouTube Channel Donald Trump Lashes Out At 'Gutless' Anonymous NYT Op-EdWhite House YouTube ChannelDonald Trump Lashes Out At 'Gutless' Anonymous NYT Op-EdWhite House YouTube ChannelThe Trump White House has endured a lot of bad publicity in its short lifespan, but recent disclosures may be among the worst.On Sept. 4, an early account of Bob Woodward's new book revealed the "nervous breakdown" unfolding within the Trump administration. Then, the next afternoon, a "senior official" went public – albeit anonymously – with an op-ed piece in The New York Times.What...

Apple expected to unveil its biggest and most expensive iPhone yet

Workers prepare for the opening of an Apple store in Hangzhou, Zhejiang province, China January 23, 2015. Reuters/Chance Chan SAN FRANCISCO — Apple is expected to showcase three new iPhones, including its biggest and most expensive model yet, as the company seeks to widen the product's appeal amid slowing sales growth.Most of the buzz is swirling around a rumoured iPhone that is supposed to boast a 6.5-inch OLED screen, up from 5.8 inches on the existing iPhone X. OLED is a step up from traditional LCD technology in offering a display without a backlight, so black is truly black rather...

Argentina, Turkey, Indonesia – why it's too early to speak of contagion in emerging markets

Close Turkey's Currency Crisis 2018 Explained Reuters, Getty Images Turkey, Indonesia and Argentina have all seen their currencies experience huge drops in recent months. Similarly, stocks in India, South Africa, Mexico and others have taken a hit.Emerging markets across the board have been under pressure since the US Federal Reserve raised interest rates in June. Governments and companies had borrowed in dollars when interest rates were low and the dollar was weak. Now the dollar is strong and interest rates are rising. And research by economists Michael Bordo, Chris Meissner and David Stuckler has shown that countries with higher foreign...