Commodity Prices

Brent Oil
67.63
Barrel
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59.83
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Gold
1,309.10
Ounce
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861.50
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Silver
15.46
Ounce
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Prayers

Fajr
05:02
Friday
22
March 2019

Fajr
Fajr
05:02
Sunrise
Sunrise
06:21
Dhuhr
Dhuhr
12:29
Asr
Asr
15:55
Maghrib
Maghrib
18:38
Isha
Isha
20:08
Markets

2,628.74 -0.57%
Volume
95,563,618
Turnover
-0.57%
Trades
2,267
8
Up
4
Flat
23
Down
Traded stocks 35
5,127.45 0.57%
Volume
53,708,461
Turnover
0.57%
Trades
1,691
9
Up
8
Flat
12
Down
Traded stocks 29
Most active
Misk
4.3
Alaab
13.69
Sudatel
0.39
Al Salam
0.35
Ameeco
0.68
Khaleeg
0.16
Athmar
0.19
Karbala
0.85
Tomoor
1.05
Babel
64.5
Baghdad
0.24
Hilal
0.39
Aoset
0.11
Baghdad
0.24
Hilal
0.39
Tomoor
1.05

AME info


21/03/2019

E-commerce continues to grow in Saudi Arabia, if only incrementally

While Saudi and the GCC in general are known for their very active shopping scenes, said shopping has more often than not taken place at malls. Online shopping, on the other hand, has always taken a back seat. According to eshopworld, citing data by Statista, “there are currently 12.94 million eCommerce users in Saudi Arabia, with an additional 6.34 million users expected to be shopping online by 2022. Four years from now, these 19.28 million eCommerce users will spend an average of $487.70 online.” Newly released data revealed that 2018 showed an incremental improvement for the Kingdom. Things are improving,...
21/03/2019

Xiaomi Mi 9 in the UAE: An affordable flagship is here!

Xiaomi, the world’s fourth-largest smartphone vendor, launched its Mi 9 phone in Dubai on Wednesday focusing on the flagship’s specs and competitive price – and rightly so! At first look, the Mi 9’s AI triple rear camera, which includes a primary 48-megapixel camera, along with a 6.39-inch screen, 6GB RAM + 128GB storage, and the world’s first 20W wireless charging battery that safely charges to 100 percent in just 90 minutes, seems impressive. However, what really catches the eye is its affordable price point of AED 1,849, which is considerably lower than other flagships that have similar specs. Although Xiaomi...
21/03/2019

Saudi German Hospital to open $81.6 million facility in Ajman

Saudi German Hospitals Group – one of the largest private hospital groups in the MENA region – has announced their world-class, state-of-the-art, AED 81.6 million healthcare facility in Ajman. The tertiary-care speciality and sub-speciality facility will be the biggest hospital in Ajman, designed to cater to the growing population across all northern emirates, while offering a wide range of medical services. Spanning over 41,062 square meters, the 200-bed hospital will commence operations soon. With 46 OPD clinics and over 20 specialities, Saudi German Hospital, Ajman, will be the Group’s third healthcare facility in the UAE, and 10th across the MENA...

21/03/2019

Etihad Airways will install new tech at Abu Dhabi International Airport

Etihad Airways, the national airline of the UAE, and Elenium, a provider of automation technology solutions, will together demonstrate how a newly developed voice-activated self-service kiosk, bag drop and boarding gate facility will revolutionise the travel experience by taking facial recognition technology to new heights. The demonstration will take place at Passenger Terminal EXPO (PTE) in London between 26 – 28 March. Using cloud technology, artificial intelligence (AI), computer vision and natural human interfacing, Etihad Airways and Elenium will demonstrate how they will change the way consumers travel by showcasing the airport experience of the future.   Jorg Oppermann, VP HUB...
20/03/2019

Bots, A.I, VR to create billion-dollar savings in tourism: report

The impact of disruptive technologies on the tourism industry is set to create multi-billion dollar savings through the use of IoT, robotics, artificial intelligence (A.I), Virtual Reality (VR) and wearable technology according to data published ahead of Arabian Travel Market (ATM) 2019, which takes place at Dubai World Trade Centre from April 28 to May 1 , 2019. The latest research from Colliers International, in partnership with ATM 2019, reveals that in addition to vast cost savings, the customer experience is set to be more streamlined with travel set to become better, smoother and more personalized with travel bookings on...
20/03/2019

Google Stadia: The Netflix of gaming is here, but the GCC is not invited

Game developers and tech companies have been scrambling to reveal their own definitive version of a game streaming service, to obtain the ever-so-unofficial ‘Netflix of gaming” accolade. Now, at the Game Developers’ Conference 2019 (GDC) in San Francisco, Google has revealed to the world its own version of this premise: The Google Stadia. The selling point? You won’t need an expensive console or high-tier PC to run any games – it’s all done through the cloud. Let us explain. Not so much game streaming as it is cloud gaming – How does it work? As CNET notes, the term cloud...

20/03/2019

AI Exclusive: Smart, cunning, emotional and scary, all wrapped up in one

AI is already superior to man. In Driverless cars, it is sure to avoid accidents. In medicine, it can diagnose, treat and discover therapies at record speeds. It compiles and analyses data at seemingly breakneck speeds, yet accurately. “We live in a hyper-connected world. By 2022, we are going to see more traffic crossing global networks than in the entire history of the Internet combined. This traffic comes from all of us, and increasingly, our machines,” said David Meads, vice president, Middle East and Africa, Cisco. Intelligent machines will one day be able to learn, create and adapt to any...
20/03/2019

Gold: What if the Fed doesn’t deliver?

(By Ole Hansen, Head of Commodity Strategy at Saxo Bank) Gold is trading back above $1,300/oz ahead of tomorrow’s FOMC meeting, while a weaker dollar and lower bond yields have offset the continued headwinds from rising stocks. From a fundamental perspective, we maintain a positive outlook for gold given expectations for a weaker dollar, stable to lower bond yields and concerns about global stocks’ ability to forge higher amid current growth concerns. However, keep in mind that many investors buy gold in order to own an insurance policy against adverse movements across other investments such as stocks. And as long...
20/03/2019

Siemens marks 20 years as UAE entity, commits to build local talent

Siemens marked 20 years since its establishment as a local limited liability company (LLC) in the United Arab Emirates on March 20, 2019. After more than 20 years of contributing to the country’s economy, its vital infrastructure and knowledge development among the local population, the company committed to making a bigger impact to support the UAE’s economic diversification targets and building local skills.Siemens operates as an LLC company in the UAE with partners Sir Easa Saleh Al Gurg, KCVO, CBE, and Mohamed Rubaya Al Mehairi. Over the next two years, Siemens will work to train Emirati nationals under a development...

20/03/2019

Is Bahrain facing VAT implementation hurdles?

Saudi Arabia and the UAE led the way in January 2018 with the introduction of a 5 percent value-added tax (VAT) as part of the unified GCC VAT Agreement – and Bahrain followed suit in January 2019. This measure in Bahrain, however, could be facing some hiccups. Value-added tax (VAT) is a type of consumption tax that is placed on the supply of goods and services. It takes into account the “value added” at every step of the supply chain. The GCC framework on VAT, which has been spurred by efforts toward tax transparency and the GCC’s diversification goals, gives...
20/03/2019

Simple holding company: Most used structure by Saudi families and HNWIs

Jersey Finance, the body that represents and promotes the award-winning Jersey IFC, launched its latest whitepaper as part of its efforts to broaden and deepen its relationships with key stakeholders and clients in the Kingdom of Saudi Arabia. The Whitepaper was developed in collaboration with law firm Hammad & Al-Mehdar, which investigates investors’ use of IFCs for structuring related to the Kingdom and their preference in using Jersey. The whitepaper titled  examined the various approaches sought by investors in structuring inbound and outbound investments, the factors behind such approaches, and the benefits of structuring Kingdom investments through IFCs such as...
20/03/2019

2018 Travel Report finds 110% increase in mobile bookings in GCC

With the high smartphone penetration rates and large young population, the GCC region continued to experience strong growth in mobile transactions in 2018, according to the 2018 Travel Insights Report jointly released today by Cleartrip and Flyin. The market recorded a 110% increase in mobile bookings as they represented one-third of all transactions. The 2018 Travel Insights Report provides a comprehensive overview of the online travel sector in the GCC, as well as highlights significant shifts in the market dynamics and consumer behaviour. The market saw variations in average airfares as well as travellers’ preferences in destinations, trip duration, and...