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Prayers

Fajr
05:41
Thursday
24
January 2019

Fajr
Fajr
05:41
Sunrise
Sunrise
07:03
Dhuhr
Dhuhr
12:34
Asr
Asr
15:40
Maghrib
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18:06
Isha
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19:36
Markets

2,517.00 0.93%
Volume
82,352,412
Turnover
0.93%
Trades
2,427
18
Up
4
Flat
10
Down
Traded stocks 32
4,970.81 0.30%
Volume
31,684,331
Turnover
0.30%
Trades
1,414
7
Up
10
Flat
6
Down
Traded stocks 23
Most active
Dar Al Takaful
0.49
IHC
0.88
Damac
1.2
GGICO
0.17
Methaq
0.67
Amanat
1.08
RAK Properties
0.46
Ekttitab
0.24
Etisalat
16.88
Emaar
4.13
FAB
14.52
DIB
5.12
UPP
0.4
Emaar Malls
1.57
Emaar
4.13
Aldar Properties
1.52

Marketwatch


1 month 2 week

People paying their respects stress how George H.W. Bush was steady, statesmanlike

Americans who paid their respects Tuesday to George H.W. Bush emphasized that they would remember the late president for the times he was statesmanlike, steady and humble, noting Washington today seemed short on those qualities. “There’s a little bit of deficit of leadership these days, and I thought President Bush was an extraordinary leader, especially the humility that he showed over a long career,” said David Krysiak, a 35 year old from Philadelphia, after he and his 4-year-old son had visited the Capitol Rotunda, where Bush’s remains were lying in state. Krysiak said it was important for his son to...
1 month 2 week

A selfie — really? This photo from the streets of Paris ‘captures the spirit of an era’

The worst rioting to rock Paris in years left a trail a destruction and vandalism in recent days, and ultimately led French Prime Minister Edouard Philippe to announce a suspension of what initially provoked the backlash: higher fuel taxes. What began as a protest in October of President Emmanuel Macron’s proposal to increase fuel taxes turned into a broader outcry across the country against policies that favor the elite at the expense of the working class. A popular Russian blogger and photographer by the name of Ilya Varlamov did a world-class job of capturing the essence of the protests. This...
1 month 2 week

Stormy Daniels' lawyer Avenatti says he won't run for president

Michael Avenatti, the lawyer for Stormy Daniels, on Tuesday said he will not seek the Democratic nomination, citing family concerns. He said he will continue to represent the adult film star who is in a legal battle with President Donald Trump. Avenatti added he's concerned the Democratic Party will nominate someone who is not "battletested." Avenatti last month allegedly was involved in a physical altercation with his ex-girlfriend, who won a restraining order. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

1 month 2 week

Why fading business spending could spell trouble for Trump, U.S. economy in 2019

The U.S. economy bolted ahead in the first year and a half of Donald Trump’s presidency on the promise of big tax cuts that fueled a surge in business investment, but now it’s time to wonder if the gravy train is slowing. Companies pumped more money into software, equipment, buildings, drilling rigs and the like from early 2017 until midsummer. One key measure of investment known as “core orders” surged to a yearly rate of 13% in Trump’s first year in office after being mostly negative from 2014 to 2016. Yet new investment —what economists call capital spending, or “capex”...
1 month 2 week

Trump says he’s ‘Tariff Man,’ and Twitter decides it’s a superhero name

Twitter/Donald J. Trump When President Donald Trump declared early Tuesday that he was “a Tariff Man,” it was almost as if Twitter had been lying in wait. From economists to pundits to the social-media platform’s rank and file, seemingly everyone had a take. And fast. Some noted that it seemed the president was clinging to his belief that those ultimately on the hook for increased costs when Washington imposes tariffs on imports were foreign countries and overseas business, rather than the U.S. consumers to whom tariff-related price increases are all but invariably passed along. Capitol Report: Media outlet blasted for...
1 month 2 week

Eric Trump slams Kellyanne Conway’s husband for showing ‘utter disrespect’

President Trump’s son Eric put out a tweet Monday night accusing George Conway of “utter disrespect” for his wife, White House aide Kellyanne Conway, apparently because of Conway’s public comments criticizing the administration. “Of all the ugliness in politics, the utter disrespect George Conway shows toward his wife, her career, place of work, and everything she has fought SO hard to achieve, might top them all,” the president’s middle son said. “@KellyannePolls is great person and frankly his actions are horrible.” Of all the ugliness in politics, the utter disrespect George Conway shows toward his wife, her career, place of...

1 month 2 week

Fed’s Williams: ‘Strong’ outlook for 2019 calls for continued interest-rate hikes

The U.S. economy will stay strong in 2019 and inflation will tick up above 2% and so the U.S. central bank should continue to raise interest rates gradually, New York Fed President John Williams said Tuesday. “Given this outlook of strong growth, strong labor market and inflation near our goal and taking account all the various risks around the outlook, I do expect further gradual increases in interest rates will best sponsor a sustained economic expansion,” Williams said at a press briefing. The Fed’s last policy statement used the word “strong” five times in describing the U.S. economy, he noted....
1 month 2 week

Consumer protection agency name change could cost banks $300 million; report

Changing the name of the regulator created by Dodd-Frank to protect consumers from its well-known moniker- the Consumer Financial Protection Bureau or CFPB-to Bureau of Consumer Financial Protection, or BCFP, could cost the businesses it regulates more than $300 million, The Hill reported on Tuesday, according to an internal agency analysis obtained by them. The name change would also cost the agency between $9 million and $19 million for updating internal materials and its website, according to the analysis. The rebranding is a pet project of Mick Mulvaney, the regulator's acting director who says BCFP is the true name used...
1 month 2 week

Media outlet blasted for attack on George H.W. Bush’s dog Sully | German auto execs to meet with White House officials

Slate blasted for odd story on George H.W. Bush’s dog Sully: After Slate ran a story titled “Don’t Spend Your Emotional Energy on Sully H.W. Bush,” readers and other publications criticized the move, with one animal lover tweeting, “You had to pick on a service dog?” The article was “barking mad,” said a Huffington Post report. Slate’s piece had emphasized that the late president’s service dog was “not his lifelong companion,” but rather had been with the Bush for just six months. The dog, named after the pilot who saved his passengers by landing his damaged plane in the Hudson...

1 month 2 week

Kudlow: China trade deal moving in right direction but may not get done

White House National Economic Council Director Larry Kudlow said Tuesday a trade deal between the U.S. and China appears to be moving "in the right direction" but held out the prospect a deal may not get done. His remarks at a Wall Street Journal conference follow similar comments he made to reporters on Monday, when he said he was "cautiously optimistic" on such a deal after President Donald Trump and Chinese President Xi Jingping's meeting in Argentina at the Group of 20. Kudlow said he saw "real chemistry" between the leaders at a dinner meeting at the summit. When told...
1 month 2 week

Opinion: How moving away from the fed funds would give the Fed better control of interest rates

The minutes of the November 2018 meeting of the Federal Open Market Committee (FOMC or Fed) cover a lengthy discussion on possible changes to the policy tools and procedures the Fed uses to control money-market interest rates. The Fed appears to be moving toward the proposal that I made with Brian Sack in a 2014 PIIE Policy Brief. Our proposal would give the Fed firmer control of the most important short-term interest rates in the economy while saving taxpayers money and keeping the payments system safe and liquid. Our 2014 proposal had four main components: 1. The Fed should operate...
1 month 2 week

McConnell says lawmakers will avoid government shutdown

WASHINGTON—Senate Majority Leader Mitch McConnell predicted lawmakers would avert a government shutdown when a proposed stopgap measure expires later this month, saying neither party wants the political blame for a lapse in funding. “I don’t think we’ll get to that point,” McConnell said Monday, addressing the annual meeting of The Wall Street Journal CEO Council. The Kentucky Republican suggested that President Trump negotiate with Democrats, whom he said were “not irrelevant” in Washington after last month’s midterm elections gave the party control of the House. McConnell spoke hours after congressional leaders introduced a two-week spending bill to give lawmakers more...