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Dhuhr
12:19
Thursday
23
May 2019

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Markets

2,559.65 -0.96%
Volume
36,890,868
Turnover
-0.96%
Trades
792
0
Up
5
Flat
22
Down
Traded stocks 27
4,768.94 0.40%
Volume
52,825,841
Turnover
0.40%
Trades
490
7
Up
4
Flat
7
Down
Traded stocks 18
Most active
GFH
0.24
Al Salam Bank
0.08
Batelco
0.33
BBK
0.44
Seef
0.2
AUB
0.8
IFA
0.28
Foodco
3.2
DIB
4.93
Emirates NBD
10.9
Emaar
4.31
Dana Gas
0.94
UPP
0.31
Dana Gas
0.94
GFH
0.9
Damac
0.88

Saudi Gazette


22/05/2019

Britain's Hinduja brothers consider bid for India's Jet Airways

MUMBAI — The billionaire Hinduja brothers — Britain's wealthiest people — are considering a bid for India's grounded Jet Airways, a spokesperson said Wednesday, sending shares in the firm soaring almost seven percent.Saddled with debts of more than $1 billion, Mumbai-based Jet has been in a tailspin for months, defaulting on loans and failing to pay many staff and aircraft leases, forcing it to suspend operations last month.The firm's main lender, State Bank of India (SBI), is seeking to sell a majority stake and has received two unsolicited bids and a conditional offer from Etihad Airways of Abu Dhabi.Etihad already...
22/05/2019

Tadawul lists ACC on the main market

RIYADH — The Saudi Stock Exchange (Tadawul) and Arabian Centers Company (ACC), the largest owner and operator of shopping malls in the Kingdom, celebrated Wednesday the listing of ACC on the Main Market, in the presence of Eng. Khalid Al Hussan, CEO of Tadawul, and Fawaz Al Hokair, Chairman of ACC.Al Hussan, in his speech, highlighted the recent market achievements and inclusions in global indices. He also stressed Tadawul’s continuous commitment to develop the market’s infrastructure, products and services, and further create an attractive environment for issuers and investors alike.Arabian Centers Company is the 11th company to be listed within...
22/05/2019

Opposition leader Gandhi says gloomy exit polls 'fake'

NEW DELHI — Indian opposition leader Rahul Gandhi on Wednesday dismissed as "fake" exit polls predicting a clear election victory for Prime Minister Narendra Modi,out of 543 in parliament."My dear Congress party workers. The next 24 hours are important. Stay alert and vigilant. Don't be afraid. You are fighting for the truth," Gandhi, head of the Congress party, said on Twitter."Don't get disappointed by the propaganda of fake exit polls. Keep faith in yourself and the Congress party. Your hard work won't go to waste. Jai Hind (Bow to the motherland)," he wrote.Modi's Bharatiya Janata Party (BJP) welcomed the predictions...

22/05/2019

Sri Lanka president pardons hardline Buddhist monk

COLOMBO — Sri Lanka President Maithripala Sirisena has pardoned a hardline Buddhist monk who is accused of inciting violence against ethnic minority Muslims and convicted of contempt of court, officials said on Wednesday.The president's office did not give any reason for the pardon, which was condemned by a security thinktank as a blow to Sri Lanka's "battered rule of law".The pardoning of Galagoda Aththe Gnanasara, head of the hardline Bodu Bala Sena (BBS) or "Buddhist Power Force", comes a week after extremist Buddhists attacked Muslim-owned homes, mosques and shops in apparent reprisal for the Easter bombings by militants that killed...
22/05/2019

Modi's party promises to boost India's economy; Congress calls exit polls fake

NEW DELHI — India's ruling coalition has promised to rev up growth, double farmers' income and boost infrastructure spending in the next five years, after exit polls showed it would retain power when general election votes are counted on Thursday.The exit polls have predicted an outright majority for Prime Minister Narendra Modi's alliance in the seven-phase election that ended on Sunday. However, such surveys have proved misleading before, and the main opposition Congress party on Wednesday dismissed them as fake.The coalition, the National Democratic Alliance (NDA), which is led by Modi's Hindu nationalist Bharatiya Janata Party (BJP), met in New...
22/05/2019

Holding peace capital

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22/05/2019

Masked attackers snatch voting machines in northeast India

GUWAHATI, India — About 500 masked men carrying guns and machetes attacked Indian election officials in a remote northeastern state and made off with computerized voting machines, officials said on Wednesday.India's mammoth election staggered over nearly six weeks ended on Sunday and were largely peaceful.But political parties opposed to Prime Minister Narendra Modi's alliance have alleged tampering of voting machines and intimidation of election officials in isolated areas.On Sunday, a team of officials was traveling through dense jungle to a polling station in Arunachal Pradesh when it was ambushed, district magistrate Rido Tarek said.Some of the attackers opened fire but...
22/05/2019

Hong Kong activists granted refugee status in Germany

HONG KONG — Two former Hong Kong independence activists have been granted refugee status in Germany in what is one of the first cases of dissenters from the semi-autonomous Chinese city receiving such protection.The move highlights growing fears that freedoms in Hong Kong are quickly deteriorating as an assertive Beijing flexes its muscles and stamps down on dissent.Ray Wong and Alan Li — who took part in 2016 protests dubbed the "Fishball Revolution" which saw the city's worst violence for decades — were due to stand trial on riot charges but fled Hong Kong in November 2017.City authorities issued arrest...
22/05/2019

Masked men make off with voting machines in N-E India

GUWAHATI, India — About 500 masked men carrying guns and machetes attacked Indian election officials in a remote northeastern state and made off with computerized voting machines, officials said on Wednesday.India's mammoth election staggered over nearly six weeks ended on Sunday and were largely peaceful.But political parties opposed to Prime Minister Narendra Modi's alliance have alleged tampering of voting machines and intimidation of election officials in isolated areas.On Sunday, a team of officials was traveling through dense jungle to a polling station in Arunachal Pradesh when it was ambushed, district magistrate Rido Tarek said.Some of the attackers opened fire but...

22/05/2019

Wall Street rises as Huawei reprieve boosts tech shares

NEW YORK — Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector.US President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker, a move that could weigh on their sales. Chipmakers, many of which sell to Huawei, bore the brunt of Monday's sell-off.But late on Monday, the United States granted the Chinese telecoms equipment maker a license to buy US...
22/05/2019

Could online takeout help prove home ownership?

By Umberto BacchiTBILISI, May 15 (Thomson Reuters Foundation) - Facebook photos and food delivery data could replace expensive surveys and wills in helping billions of people worldwide prove they own their home, researchers said on Wednesday.Globally, an estimated 5 billion people lack the proof of ownership needed to access services, get loans, pass on property or reclaim it after being forced out by war or natural disaster.Yet, from social media to ride-hailing services, many tech firms have an accurate idea of their users' main address, based on where they tag photos or regularly get deliveries, according to analysts at New...
22/05/2019

Fake news rampant after Sri Lanka attacks despite social media ban

COLOMBO - Sri Lankan social networks saw a surge in fake news after the Easter suicide bombings a month ago despite an official social media blackout, highlighting the inability of governments to contain disinformation, experts said.A nine-day ban on platforms including Facebook, Twitter, YouTube, Instagram and WhatsApp was introduced following the Islamic State-claimed attacks on churches and hotels on April 21 which killed 258 people and wounded nearly 500.Many anxious social media users switched to virtual private networks (VPNs) or the TOR network to bypass the order and keep communication open with friends and relatives as the extent of the...