Commodity Prices

Brent Oil
62.02
Barrel
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52.48
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1,341.29
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801.00
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Silver
14.86
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Isha
20:46
Sunday
16
June 2019

Fajr
Fajr
03:56
Sunrise
Sunrise
05:29
Dhuhr
Dhuhr
12:23
Asr
Asr
15:43
Maghrib
Maghrib
19:16
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Isha
20:46
Markets

2,614.03 -0.72%
Volume
107,912,990
Turnover
-0.72%
Trades
1,494
14
Up
4
Flat
13
Down
Traded stocks 31
4,955.26 -0.17%
Volume
41,623,144
Turnover
-0.17%
Trades
606
7
Up
5
Flat
9
Down
Traded stocks 21
Most active
Taqa
0.87
IHC
1.05
Salama
0.57
RAK Ceramics
1.52
NMDC
3
Emaar
4.36
Arkan
0.45
Emaar Malls
1.91
DIB
5.04
Emaar
4.36
GFH
0.87
UPP
0.33
UPP
0.33
GFH
0.87
Salama
0.57
Damac
0.88

Khaleej Times


16/06/2019

Trade, travel spur Dubai business uptick

Dubai recorded strong growth in business activity in May with the wholesale and retail sector remaining the best-performing of the three key growth drivers. Retailers and wholesalers in Dubai reported the strongest overall rise in sales since data for the sector were first available in March 2015. The Business Activity Index hit a new high of 61.9 for the second time in three months, according to Emirates NBD Dubai Economy Tracker survey report. Travel and tourism registered the second-strongest overall improvement in business conditions on record (59.5) despite a slight fall in jobs, while construction (54.6) was in line with...
16/06/2019

US grants Iraq new Iran sanctions waiver

The United States has granted Iraq another 90-day waiver to continue with vital energy imports from neighbouring Iran despite re-imposed sanctions, a government source said on Saturday. The extension came after "long discussions" with Washington ahead of a looming deadline on a previous extension granted in December, the official, close to the negotiations, told AFP on condition of anonymity. The talks came amid spiking tensions between Iraq's two closest allies - the US and Iran - following a twin attack on tankers in the Gulf that US President Donald Trump has blamed on Tehran. Iranian energy imports are vital to...
16/06/2019

Gold is on a hot streak. When will it cool down?

Safe-haven assets are off to a hot start again in June, triggered by fast-moving changes in market sentiment after the US Federal Reserve unexpectedly signalled it may be heading towards an interest rate cut over the coming months. Lower US interest rates appear to be warranted, given concerns over the health of the global economy and the potential for another downturn in light of persistent external uncertainties and trade tensions between major economies across the world, all of which are consistently adding negativity into market sentiment. Anxiety over issues that have weighed on market sentiment for nearly one year has...

16/06/2019

Opec output cuts extension hopefully by early July

Saudi Energy Minister Khalid Al Falih said on Sunday that Opec would probably meet in the first week in July in Vienna and that he hoped it would reach consensus on extending its agreement to cut oil output. Al Falih said earlier this month that Opec was close to agreeing to extend the agreement beyond June, although more talks were still needed with non-Opec countries that were part of the production deal. The Organization of the Petroleum Exporting Countries plus Russia and other producers, an alliance known as Opec+, have a deal to cut output by 1.2 million bpd from...
16/06/2019

Fed leans toward rate cut, but don't expect it this week

As President Donald Trump's trade wars drag on, and the global economy weakens, the US Federal Reserve is inching closer to its first interest rate cut in more than a decade. But investors hoping to see the benchmark lending rate begin to drop this week are almost certain to be disappointed. After preaching patience and leaving rates untouched since December, financial markets will be watching closely for a change of tone from the central bank and its chairman, Jerome Powell, and a sign the Fed is ready to step in to boost the economy. Policymakers will hold two days of...
16/06/2019

London needs a new mayor, Khan is a disaster: Trump

US President Donald Trump launched a fresh attack Saturday on London Mayor Sadiq Khan, backing a right-wing British columnist who has been widely accused of Islamophobia and once called migrants "cockroaches." Trump attached his latest denunciation of the mayor to a retweet by Katie Hopkins about crime in "Khan's Londonistan" - using a term widely perceived as a pejorative reference to the British capital's Muslim population and Khan's Pakistan ancestry. "LONDON needs a new mayor ASAP. Khan is a disaster - will only get worse!" Trump wrote in response to Hopkins' tweet, later adding the mayor was "a national disgrace...

16/06/2019

Israeli PM Netanyahu's wife sentenced for misusing state funds

The wife of Israeli Prime Minister Benjamin Netanyahu asked a court Sunday to approve a plea bargain convicting her of fraudulently using state funds for meals, an AFP reporter said. Under the charges in an amended indictment, Sara Netanyahu would plead guilty to exploiting the mistake of another person and pay a fine along with compensation, but graft charges against her would be dropped. In a small room at the Jerusalem magistrates' court, packed with journalists, Netanyahu told the judge she was aware of the charges. Her lawyer and a prosecutor asked justice Avital Chen to accept the deal. "As...
16/06/2019

Patrols to catch litterbugs in Ras Al Khaimah residential areas

Beware, litterbugs: The department of public works in Ras Al Khaimah is now taking its Rakib patrols to residential areas to catch polluters and violators of the emirate's environment laws. Ahmad Al Shehi, an advisor to the department, said that since the patrols started monitoring parks, beaches and other public areas in 2013, it has significantly reduced environment violations - the most common of which is littering. "It has raised and developed public awareness on how to preserve the environment, keep it clean, and dump waste at designated places," Al Shehi said.Now that Rakib will be covering residential neighbourhoods, the...
16/06/2019

Now, feel free to take aerial videos, photos with drones in UAE

Drone enthusiasts can now use their devices to create videos and images at regulated flying zones, authorities have announced on Sunday. The UAE General Civil Aviation Authority (GCAA), in coordination with the Ministry of Interior (MoI), has issued a new regulation allowing drone owners to take photos and videos in permitted flying zones of the country. Initially, individuals were allowed to use drones after getting permits from the GCAA but were not allowed to use any video or image capturing devices or be equipped with release and drop devices. Only registered firms were being allowed to use drones for creating...

16/06/2019

New patrol system to catch traffic violators in UAE; up to Dh1,000 fine

UAE has once again issued a warning against obstructing movement of emergency vehicles.       View this post on Instagram ???? ???? .. #????_?????? ??? ???????? ??? ????? ?????? ?????? ??????? ??????? ???????? ??????? ???????? ??????? . . ???? ???? ?????? ??? ????? ??? ????? ????? ?????? ?????? ??????? ??????? ??????? ?? ????? ?????? ?????? ????? ??????? ??????? ????? ???? ???? ?????? ???????? . ????? ??? ????? ????? ?????? ??????? ??????? ???????? ??????? ?????? ??? ???? ????????? ??????? ????? ?? ????? ???? ?????? ??????? ???????? ??? ????? ??? ?????? ?????? ????? ?? ????? ?????? ??? ????? ??????? ?????? ????? ??????? ???????? ?...
16/06/2019

Employer in UAE can't force you to sign up for telecom plan

Q: I work in the Ajman branch of an Abu Dhabi-based company. Our firm is issuing postpaid mobile plans to employees, even if they are not requesting them. The fee for the connection is deducted from the monthly salary. If anyone refuses, however, the company still obliges the person to sign the contract and take it. Is this legal? Can we be forced to take up a service we don't want? A: An employer cannot force an employee to purchase commodities from third parties. This is in accordance with Article 59 of Federal Law No. 8 of 1980 regulating employment...
16/06/2019

Dubai boosts advantages as global investment hub

Dubai Investment Development Agency (Dubai FDI) has announced its participation as event sponsor at the upcoming World Forum for FDI 2019, which will discuss future trends over the next 25 years, while site selection experts set to tackle the issues impacting foreign direct investments (FDI). The event will take place on June 17-19, 2019 in Sydney, New South Wales. Dubai FDI, which won the bid to host the next forum in 2021, will be showcasing Dubai's investment opportunities as the world's most preferred investment destination, featuring some of its highly invested sectors such as technology, healthcare, aviation and logistics. The...