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Fajr
04:45
Monday
16
September 2019

Fajr
Fajr
04:45
Sunrise
Sunrise
06:05
Dhuhr
Dhuhr
12:17
Asr
Asr
15:44
Maghrib
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18:29
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19:59
Markets

2,888.39 0.12%
Volume
98,508,409
Turnover
0.12%
Trades
2,109
16
Up
3
Flat
15
Down
Traded stocks 34
5,096.09 -0.20%
Volume
52,018,454
Turnover
-0.20%
Trades
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

Saudi Gazette


15/09/2019

Gabon's sole train a lifeline for its people and economy

FRANCEVILLE, Gabon — The sky turns from indigo to ebony as the tropical night falls, and the train patiently thrusts through the jungle towards its destination, still hundreds of kilometres (miles) away.The trek has the hallmarks of one of the world's Great Forgotten Train Journeys – a voyage through 648 kilometres (just over 400 miles) of lush equatorial forest.The train is the brainchild of Gabon's former president, Omar Bongo, who ruled for 42 years until his death in 2009.In the 1970s, he dreamed of linking the central African state's resource-rich interior to the Atlantic coast – and he saw it...
15/09/2019

Harris Pye undertakes strategic transformation

DUBAI – Joulon, the global company offering lifecycle asset management (LCAM) services to asset owners and operators in the broader energy industry, has announced a bold and radical strategy to reposition the global business of Harris Pye.Abhishek Kumar, Chairman of Harris Pye and Vice Chairman and CEO of Joulon, explained, “Joulon has identified an opportunity for Joulon-Harris Pye to more efficiently capitalize on the success of completed projects executed globally. By implementing a step change process over the coming weeks, both existing and new customers will be offered the opportunity to engage Harris Pye as a lifecycle asset management contractor...
15/09/2019

EY launches GigNow platform

RIYADH – EY announced the launch of GigNow in the MENA region, an online platform that connects people seeking short-term contracts (gigs) with opportunities at EY.Advancements in workplace technology enables freelancers to access job opportunities that allow them to work remotely, giving them more flexibility and freedom in their professional careers as they support on-demand work.The launch of the GigNow platform is in line with the increasing global trend of organizations leveraging contingent workers, also known as freelancers who are employed on short-term contracts, to respond to growing work demands during peak seasons.As an online talent marketplace, GigNow will offer...

15/09/2019

M Hotel Makkah rewards its guests during the Saudi National Day

MAKKAH — M Hotel Makkah by Millennium, a 5-star hotel located at the heart of the holy city of Makkah, offers its guests a generous discount of 50% on suites during the Saudi National Day. This offer comes to conclude a successful Haj and Umrah season and starts a new Hijri year with a mesmerizing experience.M Hotel Makkah by Millennium has witnessed a very successful Hijri year in terms of occupancy and performance during the last Haj and Umrah season. With its 785 spacious rooms and suites elegantly designed and equipped with the latest technologies and amenities, the hotel continues...
15/09/2019

Hong Kong police fire tear gas, blue water jets at petrol-bomb throwing protesters

HONG KONG - Hong Kong police fired water cannon and volleys of tear gas to break up protesters throwing petrol bombs and bricks near the Legislative Council building and central government offices on Sunday, the latest in weeks of sometimes violent unrest.Some protesters threw bricks at police outside the nearby Chinese People's Liberation Army base in the city and tore down and set fire to a red banner proclaiming the 70th anniversary on Oct. 1 of the founding of the People's Republic of China.One water cannon caught fire after being hit by a petrol bomb. The water cannon fired blue...
14/09/2019

ADX distributes over AED25 billion in cash dividends to investors

ABU DHABI — Abu Dhabi Securities Exchange (ADX) announced that it has distributed more than AED 25 billion in cash dividends to 572,774 eligible investors on behalf of its listed companies. In comparison to the 2018 dividends, the 6.95% increase demonstrates the attractiveness of the investment environment in the Emirates and especially in Abu Dhabi.The numbers speak for themselves: 398,220 UAE investors received their profits compared to 155,589 investors from other GCC nations, and 18,965 foreign investors, while cash dividends were distributed to 7442 institutional investors.Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, said: “The increase in the size...

14/09/2019

Siemens, Orascom to rebuild 1.6 GW power plant in Iraq

BAGHDAD — Siemens and Orascom Construction signed an agreement with Iraq’s Ministry of Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq. The plants will have a combined generation capacity of 1.6 gigawatts when completed and are a major step in Siemens roadmap for rebuilding Iraq's power sector that has already added more than 700 megawatts to Iraq’s grid.Work at Baiji, which is about 250 km north of Baghdad, will begin once the contracts are approved by Iraq’s Council of Ministers and a financial agreement is reached with the Ministry of Finance. The projects are expected...
14/09/2019

Interpack 2020 to be held at Düsseldorf Exhibition Centre

RIYADH — The German-Saudi Arabian Liaison Office for Economic Affairs (GESALO) hosted, in cooperation with the Messe Düsseldorf, a presentation and official press conference in Riyadh to promote the Interpack 2020.Bernd Jablonowski, Global Portfolio Director Processing & Packaging form the Messe Düsseldorf GmbH, Christian Traumann, President of Interpack 2020 as well as representatives of GESALO welcomed the professional audience last Sept. 10 at 8 AM in the Moevenpick Hotel Riyadh.The avid interest taken by exhibitors in the run-up to interpack 2017 that brought the world’s biggest and most important trade fair of the packaging sector and related process industries record...
14/09/2019

Indonesia says some forest fires started on Malaysian-controlled land

JAKARTA — Indonesia's environment minister said on Friday some forest fires in its territory had started on land used by subsidiaries of Malaysian companies, as the neighbors traded blame for blazes that have spread haze across the region.Malaysia has said smoke from fires on Indonesia's Sumatra and Borneo islands over the past month has drifted over the border, forcing it to close schools and issue public health alerts.Indonesia has dismissed those accusations saying fires have broken out in other countries - and Environment Minister Siti Nurbaya Bakar told Reuters some of the fires in Indonesia had been spotted in palm...

14/09/2019

Malaysian opposition groups join forces to win Muslim votes

KUALA LUMPUR — Two leading Malaysian opposition parties formed an alliance Saturday aiming to win major support from the country's Muslim majority and threaten the young reformist government.Prime Minister Mahathir Mohamad led an alliance to a historic victory at the polls last year, ousting a corruption-plagued coalition which had been in power over six decades.The main party in the former ruling coalition, the United Malays National Organization (UMNO), has since sought to bolster its position by forging closer ties with one-time rival, the Pan-Malaysian Islamic Party (PAS).On Saturday the parties signed a pact to cooperate in what analysts said is...
14/09/2019

Thailand's northeast inundated after tropical storm

BANGKOK — Floods in northeastern Thailand have submerged homes, roads and bridges, leaving more than 23,000 people in evacuation shelters as anger grows over the government's "slow" emergency response.Torrential rain has lashed the country for the last two weeks, causing flash floods and mudslides in almost half its provinces, with families evacuated from their homes in boats or makeshift rafts.Since Aug. 29, 32 people have been killed in the deluge, said a statement from the disaster department on Saturday that also gave the number of people staying in emergency shelters.Two weather events are behind the widespread floods, the department said...
14/09/2019

Spooked by Facebook's Libra, euro zone to step up work on public cryptocurrency

HELSINKI — Euro zone governments and central banks are working on a long-term plan to launch a public digital currency that they hope would make redundant projects like Facebook's Libra, which is seen as a risk to financial stability, officials said on Friday.The 19-country bloc is also united in pursuing a tough regulatory approach should Libra seek authorizations to operate in Europe. It is also considering a common set of rules for virtual currencies, which are currently largely unregulated.The currency union has worked in past years on several plans to make digital payments cheaper and faster, but none of them...