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15
September 2019

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Markets

2,888.39 0.12%
Volume
98,508,409
Turnover
0.12%
Trades
2,109
16
Up
3
Flat
15
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Traded stocks 34
5,096.09 -0.20%
Volume
52,018,454
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-0.20%
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1,667
9
Up
5
Flat
10
Down
Traded stocks 24
Most active
Methaq
0.74
IHC
4.37
Dar Al Takaful
0.6
Ekttitab
0.21
ADSB
1.37
Arkan
0.48
ADCB
8.3
RAK Ceramics
1.54
DIB
5.4
Emirates NBD
13.4
FAB
15.1
Aldar Properties
2.24
GFH
0.91
Amanat
0.9
DIB
5.4
AAN
0.22

Arab News


15/09/2019

Ethiopia releases Lebanese businessman held since last week

BEIRUT: The Lebanese Foreign Ministry says Ethiopia has released a Lebanese businessman who had been detained in the African nation since last week.The ministry said Sunday that Hassan Jaber will head from Ethiopia to the African nation of Gabon and later will return to Lebanon.On Friday, the ministry had summoned Ethiopia's charge d'affaires demanding information about Jaber, whom it said was detained in Addis Ababa on Sept. 7.It informed the Ethiopian diplomat that Beirut wants "clear answers" by Monday, otherwise Lebanon would take countermeasures.Some Lebanese media outlets have speculated that Israel or the United States might have been behind Jaber's...
15/09/2019

36 people missing after boat sinks in Congo river: DRC police

KINSHASA, Congo: Thirty-six people are missing after a boat sank in the Congo river on the outskirts of Kinshasa, DR Congo police said on Sunday. The vessel, which was travelling to the capital, went down overnight in Maluku commune, about 100 kilometres (62 miles) from the centre of the city. Seventy-six people survived, police wrote on Twitter. "The cause of the accident is not yet known," police spokesperson Colonel Pierrot-Rombaut Mwanamputu told AFP. Lake and river transport is widely used in Democratic Republic of Congo as the highway system is poor, but accidents are common, often caused by overloading and...
15/09/2019

Malaysian fish farm aims to dip into $1.64bn global caviar market

KUALA LUMPUR: A Malaysian fish farming business is hoping to dip into the multibillion-dollar global market for caviar after accidentally stumbling into producing the gourmet delicacy. When Taiwanese entrepreneur Chien Wei Ho, one of the owners of the T’lur Caviar brand, first started harvesting sturgeon in Malaysia, he never expected to end up in the lucrative caviar trade. Wei Ho and his group of Malaysian sturgeon farmers were based in a country not best-suited for harvesting caviar, mainly due to a lack of technological support and unfavorable weather conditions. It was only after 10 years of sturgeon farming that the...

15/09/2019

Libya journalists caught in the crossfire

TRIPOLI: In a country splintered by conflict and propaganda wars, Libya’s journalists are caught in the crossfire between battle fronts and partisan employers, exposing them to risks on the ground. Fighting that erupted in early April when eastern strongman Khalifa Haftar launched an offensive on the capital Tripoli has only exacerbated the cleavages in the country’s already fragmented mediascape. The battle pits the forces of Tripoli’s UN-recognized Government of National Accord (GNA) against fighters loyal to Haftar, who backs a parallel administration in eastern Libya. The rival sides each run their own news agencies and official television channels. And Libya’s...
15/09/2019

OIC members call for action against Israel over Jordan Valley annexation

DUBAI: Members of the Organization of Islamic Cooperation (OIC) have condemned Israel for its continued plans to annex more parts of Palestine. Speaking at an emergency meeting in Jeddah, the Saudi Minister of Foreign Affairs, Ibrahim Al-Assaf called on the international community to “shoulder its responsibilities’ regarding the “ongoing Israeli violations against the Palestinian people.” “We condemn the dangerous escalation by the Israeli Prime Minister,” Al-Assaf added.                   And he said that any announcements or actions on the matter by Israel were “null and void.” The minister’s remarks came in response to the recent announcement on Sept. 8, by Israeli Prime...
15/09/2019

Israel approves new settlement 2 days before polls: official

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu’s government approved a new settlement in the occupied West Bank on Sunday, his office said, just two days ahead of closely fought general elections. Netanyahu’s cabinet agreed to turn the wildcat settlement of Mevoot Yericho in the Jordan Valley into an official settlement, the premier’s office said. All settlements are viewed as illegal under international law, but Israel distinguishes between those it has approved and those it has not. Sunday’s approval follows Netanyahu’s pledge last week to annex the Jordan Valley, which amounts to one-third of the West Bank, if he wins Tuesday’s elections....

15/09/2019

12 dead, 35 missing in boat accident on southern India river

HYDERABAD, India: An official says a sightseeing boat has capsized on a swollen river in southern India, killing 12 people and leaving 35 others missing. Andra Pradesh state’s home minister, M. Sucharita, says there were 61 people — 50 passengers and 11 crew members, all of them Indian nationals — on board the boat when it capsized on the Godavari river on Sunday. A search operation is underway to try to find the missing people. Sucharita says 14 people who were wearing life jackets were rescued by local fishermen. The accident occurred near Kachuluru village in East Godavari district, 380...
15/09/2019

UAE regulator not optimistic on Boeing 737 MAX return this year

DUBAI: The head of the United Arab Emirates’ General Civil Aviation Authority said on Sunday he was not optimistic that the Boeing 737 MAX would return to operations this year and that the first quarter of 2020 was more likely.The 737 MAX has been grounded since March while Boeing updates flight control software at the center of two fatal crashes in Indonesia and Ethiopia that together killed 346 people within a span of five months.Boeing is targeting regulatory approval for the fixes in October, though the US Federal Aviation Administration has said it does not have a firm time for...
15/09/2019

General Motors and workers union contract expires, increases risk of strike

DETROIT: The four-year contract between General Motors and the United Auto Workers has expired as negotiations on a new deal continue.Union officials told GM they would let the contract lapse just before midnight Saturday, increasing the risk of a strike as early as Sunday night. Union members working Sunday were to report as scheduled.But there was a wrinkle. About 850 UAW-represented janitors who work for Aramark, a separate company, went on strike Sunday after working under an extended contract since March of 2018, the union said.The strike covered eight GM facilities in Ohio and Michigan. Although UAW workers at GM...

15/09/2019

Protests mount in Indian Kashmir clampdown

SRINAGAR, India: Kashmir has seen an average of nearly 20 protests per day against Indian rule over the last six weeks despite a security lockdown to quell unrest, a senior government source said.Tensions remain high in the disputed Himalayan region after New Delhi’s controversial decision last month to revoke the territory’s decades old semi-autonomous status.Despite a curfew, movement restrictions and the severe curtailment of Internet and mobile phone services, public demonstrations against India — mostly in the largest city Srinagar — have been constant, the source said late Saturday.Altogether there have been 722 protests since August 5, with Baramulla district...
15/09/2019

Raptors launch team-branded hijabs in fan outreach

TORONTO: The Toronto Raptors say a new line of team-branded hijabs is part of an effort to be more inclusive to fans of all cultures. The team’s parent company, Maple Leaf Sports and Entertainment, unveiled the Nike Pro hijabs emblazoned with the team logo in a social media post Friday. The Raptors say they are the first NBA team to offer an athletic hijab for Muslim women. MLSE senior marketing director Jerry Ferguson says the organization was inspired to create the hijabs by a local Muslim women’s organization known as the Hijabi Ballers. The women regularly play basketball at a...
15/09/2019

INTERVIEW: ‘Aramco IPO is going to change markets in the region,’ says strategist Yazan Abdeed

Seasoned regional investor Yazan Abdeen has developed a simple formula for successful investing in the Arabian Gulf: “Buy when people cry. Sell when they yell.” His maxim implies that investors should appreciate the buying opportunities in falling markets, as well as the chances of realizing a healthy profit in periods of market enthusiasm. It has served him well in a career of nearly two decades in the UAE and Saudi Arabia. Abdeen is chief executive officer of Abu Dhabi Investment Management, managing a portfolio on behalf of InvestAD, one of the UAE’s big investment vehicles owned ultimately by the giant...