Commodity Prices

Brent Oil
66.93
Barrel
Crude Oil
56.76
Barrel
Gold
1,221.14
Ounce
Platinum
842.01
Ounce
Silver
14.40
Ounce
Currency Converter
UAE Dirham
UAE Dirham
US Dollar
US Dollar
Saudi Riyal
Saudi Riyal
Egyptian Pound
Egyptian Pound
Euro
Euro
Prayers

Dhuhr
12:07
Sunday
18
November 2018

Fajr
Fajr
05:14
Sunrise
Sunrise
06:36
Dhuhr
Dhuhr
12:07
Asr
Asr
15:13
Maghrib
Maghrib
17:39
Isha
Isha
19:09
Markets

2,778.76 0.09%
Volume
78,038,369
Turnover
0.09%
Trades
1,457
11
Up
6
Flat
15
Down
Traded stocks 32
5,055.46 0.68%
Volume
45,827,592
Turnover
0.68%
Trades
2,005
12
Up
5
Flat
11
Down
Traded stocks 28
Most active
ADA
3.3
EIC
6.9
Al Salam Bank
1.46
BILDCO
0.48
National Marine Dredging
3
ADNH
2.9
GGICO
0.21
DXB Entertainments
0.33
FAB
14.8
Etisalat
17.1
ADIB
4.05
Emaar
4.9
UPP
0.62
FAB
14.8
Salama
0.69
ADIB
4.05

The Globe and Mail


Dragon’s Den star raises $70-million for startup that finances e-commerce retailers

Michele Romanow started to notice a pattern as she sat through pitch after pitch as a star of TV’s Dragons' Den earlier this decade. While Ms. Romanow didn’t want to invest in many of the e-commerce businesses appealing for her money, she did think she could provide them with capital in a more effective way by temporarily underwriting their online advertising in exchange for a cut of revenues. After doing about 10 such deals with her life partner, Andrew D’Souza, the two successful serial entrepreneurs had a business idea of their own to pitch. On Monday, their three-year-old Toronto company,...

China’s annual one-day online shopping frenzy shatters records again

Online shoppers in China have shattered last year’s record of US$24-billion in sales on the country’s annual buying frenzy Sunday, as the tradition marked its 10th year. The spending binge has for years eclipsed Cyber Monday in the U.S. for online purchases made on a single day. This year’s tally breaks from gloomy forecasts about the world’s second-largest economy, which is struggling with a tariff war with the U.S., a stock market slump and slowing overall growth. Known as Singles Day, the clamour for deals and discounts was heralded with characteristic fanfare by Chinese e-commerce giant Alibaba, which has turned...

Amazon strikes deal with Apple to sell latest editions of iPhone, iPad, other devices

Amazon.com Inc on Friday said it would carry more Apple Inc products globally in time for the holiday shopping season, as the technology rivals put aside past differences to boost sales. In coming weeks, the world’s biggest online retailer will sell the latest editions of Apple’s iPhone, iPad and other devices in the United States, Europe, Japan and India. Amazon sold a limited assortment from Apple previously that included Mac computers and Beats headphones. The deal underscores how top brands such as Apple and Nike Inc, which long resisted distributing products via Amazon, are increasingly turning to the e-commerce site...

BlackBerry in talks to buy cybersecurity company Cylance: report

BlackBerry Ltd is in talks to buy cybersecurity company Cylance Inc for as much as $1.5-billion, Business Insider reported on Friday, citing sources familiar with the matter. Irvine, California-based Cylance develops AI-based products to prevent cyberattacks on companies and recently considered filing for an IPO, according to the report. A deal could be announced as soon as next week, Business Insider reported citing sources, who cautioned the deal could still fall apart. BlackBerry and Cylance did not immediately respond to requests for comment.

Uber shows us that technology is political – not neutral

Alex Rosenblat is a technology ethnographer and author of Uberland: How Algorithms are Rewriting the Rules of Work. She is a researcher at the Data & Society Research Institute. In Vancouver, one of the few major Canadian cities where Uber does not provide services, the ride-hailing app is already a source of tension. The absence of Uber in a metropolitan area is a wrinkle on that city’s reputation, a sign that it lags its more progressive peers. So in Vancouver, the company strategically signed drivers up to the app years ago, ensuring it’s ready to launch at the right moment....

Volkswagen plans to sell electric Tesla rival for less than $30,000: source

Volkswagen intends to sell electric cars for less than 20,000 euros ($30,000) and protect German jobs by converting three factories to make Tesla rivals, a source familiar with the plans said. VW and other car makers are struggling to adapt quickly enough to stringent rules introduced after the car maker was found to have cheated diesel emissions tests, with its chief executive Herbert Diess warning last month that Germany’s auto industry faces extinction. Plans for VW’s electric car, known as “MEB entry” and with a production volume of 200,000 vehicles, are due to be discussed at a supervisory board meeting...

Tech firms in Canada look to cash in on cannabis legalization with innovations, apps

Part of cannabis and small business and retail Expand stories Go to more stories on the business of cannabis Available now: Cannabis Professional, the authoritative e-mail newsletter tailored specifically for professionals in the rapidly evolving cannabis industry. . One of John Lem’s first hints that the technology behind his DNA-testing company Spartan Bioscience could be a hit with cannabis users came years ago when an executive asked him if genetics could have caused a bad reaction to pot. The question intrigued Mr. Lem so much that he eventually applied Spartan’s technology to a new Toronto-based venture called Lobo Genetics. Through...

Tesla appoints Robyn Denholm as chair to replace Elon Musk

Tesla Inc. has ended weeks of speculation by promoting one of the electric carmaker’s independent directors, Australian accountant Robyn Denholm, to replace Elon Musk as chairman. The change in structure at the Silicon Valley firm, agreed to by Musk in a September court settlement with regulators, is supported by many on Wall Street who worry that his erratic behaviour is undermining the company’s progress. Analysts and investors have expressed concern that it must be a strong independent figure who can rein in the billionaire’s public outbursts and bring more order to Tesla. Denholm has been an independent director of Tesla...

Facebook chooses Canada for Dating feature launch, but privacy concerns abound

Mark Zuckerberg is ready to play matchmaker for Canadians. His company Facebook Inc. will aim to make its social media platform’s users more than just friends with a new dating feature that will mark its North American launch in Canada on Thursday. Facebook Dating, which was previously piloted in Colombia, operates with users creating profiles that are separate from their Facebook ones and kept out of sight of friends. The company will recommend matches that users aren’t already friends with, but who share dating preferences, interests and if they’d like, mutual friends or groups and events. The offering will support...

Report: Google planning big New York City expansion

The Wall Street Journal reports that Google is planning a major expansion in New York City. The newspaper reported Wednesday that the company plans to add space for more than 12,000 additional New York workers. The Journal cited anonymous people familiar with the plans. The paper said Google has New York real estate deals in the works that would give it room for nearly 20,000 workers. Those include buying or leasing a 1.3 million-square-foot building in the city’s West Village neighbourhood due to be completed by 2022. The company didn’t immediately respond to a request for comment. Seattle-based Amazon is...

CGI Group believes it’s poised take advantage of rising technology spending

Despite global business tensions, companies will continue to invest in technology and CGI Group Inc. is well-positioned to take advantage of the growing market, chief executive George Schindler said Wednesday. In his view, both consumers and other citizens want access to a more digital experience, prompting companies and governments to take action. “This is really not a situation where they can decide not to invest,” Mr. Schindler said during a conference call to discuss CGI’s fourth-quarter results, which topped expectations and boosted its share price on the Toronto Stock Exchange. Spending on technology and use of outsourcing are expected to...

Facebook’s Zuckerberg turns down request to appear before U.K. parliament

Facebook CEO Mark Zuckerberg has rejected a request to appear before an international parliamentary committee delving into the questions around fake news. The rebuff came after Damian Collins, the head of the U.K. parliament’s media committee, joined forces with his Canadian counterpart in hopes of pressuring Zuckerberg to testify, as he did before the U.S Congress. Facebook rejected the invitation to appear before the so-called “international grand committee” session Nov. 27, arguing it wasn’t possible for Zuckerberg to appear before all parliaments. Collins says pressure is building, with counterparts in Australia, Argentina and Ireland having joined the grand committee in...