Commodity Prices

Brent Oil
66.30
Barrel
Crude Oil
55.69
Barrel
Gold
1,320.93
Ounce
Platinum
805.07
Ounce
Silver
15.76
Ounce
Currency Converter
UAE Dirham
UAE Dirham
US Dollar
US Dollar
Saudi Riyal
Saudi Riyal
Egyptian Pound
Egyptian Pound
Euro
Euro
Prayers

Fajr
05:32
Sunday
17
February 2019

Fajr
Fajr
05:32
Sunrise
Sunrise
06:51
Dhuhr
Dhuhr
12:36
Asr
Asr
15:52
Maghrib
Maghrib
18:22
Isha
Isha
19:52
Markets

2,549.93 0.64%
Volume
112,180,021
Turnover
0.64%
Trades
2,456
15
Up
3
Flat
15
Down
Traded stocks 33
5,069.07 0.65%
Volume
48,452,466
Turnover
0.65%
Trades
1,338
18
Up
2
Flat
3
Down
Traded stocks 23
Most active
National Marine Dredging
3.85
AAN
0.23
Al Qudra
0.77
Methaq
0.71
Shuaa
0.72
Aman
0.44
Ithmaar Holding
0.29
Salama
0.44
Emaar
4.18
Etisalat
16.94
Aldar Properties
1.71
GFH
0.93
GFH
0.93
Aldar Properties
1.71
Emaar
4.18
UPP
0.36

Emirates Business


2 month 2 week

Dubai Chamber promotes emirate at Russia forum

DUBAI / WAM The Dubai Chamber of Commerce and Industry participated in a seminar organised as part of the Interregional Export Forum in Perm, Russia, where participants were briefed on the various competitive advantages that Dubai offers to Russian exporters, companies and investors.During the forum, Sanan Nasibli, Head of Dubai Chamber’s Azerbaijan office, delivered a detailed presentation titled “Doing Business in the UAE”, which outlined the main benefits for businesses operating in the UAE and trading with the country, including its strategic geographic location, 100 percent foreign ownership, world-class logistics infrastructure, and attractive free zones.In addition, he highlighted the top...
2 month 2 week

Sharjah Chamber boosts relations with Italian firms

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) held discussions with a delegation from Lombardy in Italy on opportunities to enhance economic and trade relations between the investment companies and institutions that operate in Sharjah and their counterparts in Italy, and reviewed ways to support partnerships between the two sides in various economic sectors and fields.The two sides discussed a number of issues that are of common interest to both sides, including the prospect of organising joint events in the future that can help contribute in developing cooperation between Sharjah and Assolombarda, and to enhance awareness on...
2 month 2 week

Mohamed expresses pride in UAE diplomacy, passport ranking

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Tuesday, the UAE Passport Power team from the Ministry of Foreign Affairs and International Cooperation (MOFAIC), in the presence of HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation.Sheikh Mohamed bin Zayed praised the team’s efforts and roles played to strengthen the UAE passport and its status as the world’s most powerful passport, under the guidance and support of Sheikh Abdullah bin Zayed.“With the UAE passport attaining...

2 month 2 week

Aramco awards key well services contract to BHGE

Dammam / Emirates Business Saudi Aramco has awarded a major simulation and well-testing contract to Baker Hughes — a GE company — to be a partner in optimising production from new and existing wells across conventional fields in Saudi Arabia.Demonstrating the strength and breadth of its expertise and portfolio of oilfield services, BHGE will deliver a comprehensive well services solutions including all cased-hole wireline logging, perforation, well testing, stimulation, fracturing and associated intervention services. By integrating discrete products, services and capabilities into a single offering, BHGE will help Saudi Aramco reduce time, costs and complexity while increasing efficiency.The three-year contract...
2 month 2 week

March of the Union represents message of love, pride

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the March of the Union, on Monday, as part of the Sheikh Zayed Heritage Festival 2018 in Al Wathba, Abu Dhabi, on the occasion of the 47th National Day.Sheikh Mohamed bin Zayed expressed his joy and pride in the national gathering representing the nation’s tribes and cohesiveness. He said that the March of the Union represents a message of love and pride in the UAE’s history and heritage, as well as the values...
2 month 2 week

China will reduce, remove car import tariffs: Trump

Bloomberg President Donald Trump said in a tweet that China has agreed to “reduce and remove” tariffs on imported American-made cars, a claim that wasn’t immediately confirmed by Beijing.Trump gave no other details in his post, which came shortly after he agreed with Chinese President Xi Jinping to a truce in the trade war during a meeting at the Group of 20 summit in Argentina. The move, if verified, would hand automakers from Tesla Inc to Daimler AG and BMW AG with factories in the US a potential reprieve after higher import levies hit sales in the world’s biggest car...

2 month 2 week

Youth should play a key part in Dubai Expo 2020’s mission

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed the importance of the involvement of youth in the Expo 2020 journey.Expo presents opportunities to inspire youth to be active contributors in shaping the future, His Highness said.Sheikh Mohammed’s remarks came during a visit to the site of Expo 2020. He was accompanied by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. This is the latest of several of His Highness’s visits to the Expo...
2 month 2 week

Oil rises most since June on trade war truce, Saudi-Russia pact

Bloomberg Oil surged the most in more than five months as Saudi Arabia and Russia extended a cooperation pact and US-China trade tensions cooled. Unprecedented supply cuts in Canada also drove prices higher.Futures in New York advanced almost 6 percent on Monday, bouncing back from the worst monthly slump in a decade.Although Russia and Saudi Arabia have yet to confirm any fresh cuts, their agreement opened the door for a deal when Opec meets this week in Vienna.Oil pared gains during Monday’s session after a key Opec advisory panel was said to make no recommendation for action on supplies ahead...
2 month 2 week

UAE passport ranked world’s number one

MOSCOW / WAM Russian newspapers and news agencies highlighted the UAE’s historic achievement of making the UAE passport the world’s leading passport, coinciding with the Year of Zayed and the 47th National Day.In a press release, RIA Novosti and Vesti Roy said that the UAE passport is ranked first in the passport index while noting the tweet of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stating, “Thanks to Allah Almighty, the UAE passport has reached the first position internationally.”The morning and evening editions of Russian newspapers, including...

2 month 2 week

Adnoc to expand carbon capture to cut emissions

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that it is moving ahead with plans to expand the capture, storage and utilisation of carbon dioxide (CO2), produced from either the Habshan-Bab gas processing facilities or the Shah gas plant. A decision on which plant to capture the CO2 from first will be taken in 2019. The project will be engineered so as not to interrupt ongoing production from either facility.The additional CO2 capture will reduce Adnoc’s carbon footprint — which is among the lowest in the industry — and liberate natural gas, previously used...
2 month 2 week

Senaat issues seven-year sukuk worth AED1.1bn

ABU DHABI / WAM Senaat, one of the largest industrial investment holding companies in the UAE, announced that it has successfully issued AED1.1 billion ($300 million) through a fixed rate senior unsecured US dollar denominated RegS sukuk with a 7 year tenor. The issue follows a series of investor meetings which took place in Europe and Asia, as well as in the United Arab Emirates.The new sukuk, which will be dual listed on the London and Abu Dhabi Stock Exchanges, had strong investor demand both locally and internationally, enabling the issue to be 10 times oversubscribed. The sukuk was competitively...
2 month 2 week

Our martyrs are symbol of true patriotism: Mohamed

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said that Commemoration Day is a nationaloccasion to remember the ultimate sacrifice of the noblest sons of the United Arab Emirates who gave up their lives for the glory of this great nation, to defend its security and interests.In a statement to Nation Shield magazine on the occasion of the Commemoration Day, His Highness Sheikh Mohamed bin Zayed added that the sacrifices of the honourable martyrs and valiant Armed Forces will continue to...