Trends - Abu Dhabi - Business Recorder

Abu Dhabi

PM visits UAE’s Sheikh Zayed Grand Mosque

ABU DHABI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Tuesday visited the Sheikh Zayed Grand Mosque in Abu...

Published 29 Nov, 2023 05:09am

Business & Finance

Abu Dhabi-backed fund set to seize UK’s Telegraph Media Group

LONDON: Abu Dhabi-backed investment fund RedBird IMI said Monday it is set to take control of The Daily and Sunday...

Published 21 Nov, 2023 06:01am

World

UAE to set up 150-bed field hospital in Gaza: official media

DUBAI: The United Arab Emirates is to set up a field hospital in the Gaza Strip, official media said after the...

Published 07 Nov, 2023 02:00pm

World

UAE says it plans to treat 1,000 Palestinian children from Gaza

DUBAI: The United Arab Emirates said on Thursday it planned to treat 1,000 Palestinian children from Gaza, without...

Published 02 Nov, 2023 03:17pm

Business & Finance

Abu Dhabi weighs investment pledges worth $50 billion for India: Bloomberg News

The United Arab Emirates is considering investing as much as $50 billion in India and provisional pledges from the...

Published 02 Nov, 2023 03:11pm

Markets

Abu Dhabi’s ADNOC Gas signs 2 year LNG supply deal with Japan’s JERA

KUALA LUMPUR: Abu Dhabi’s ADNOC Gas and Japan’s JERA Global Markets signed a liquefied natural gas (LNG) agreement...

Published 18 Oct, 2023 12:13pm

Life & Style

Abu Dhabi, Dubai among top destinations for ‘digital nomads’

Other cities in top ten include Singapore, Orlando, Houston

Published 02 Oct, 2023 06:33pm

Business & Finance

Abu Dhabi's IHC to sell stake in two Adani group companies

BENGALURU: Abu Dhabi conglomerate International Holding Company (IHC) on Thursday said it will sell its stake in two...

Published 28 Sep, 2023 11:09pm

Business & Finance

India’s Reliance Retail in talks with Gulf, Singapore funds on $1.5bn injection

MUMBAI/NEW DELHI/DUBAI: India’s Reliance Retail is in talks with existing investors including the sovereign wealth...

Published 13 Sep, 2023 03:10pm

Abhi’s valuation grew to $90m in two years

KARACHI: Pakistan’s financial startup Abhi’s valuation grew to $90 million during the last two years and became one...

Updated 23 Aug, 2023 09:45am

Markets

Abu Dhabi’s ADNOC Gas signs 5-year LNG supply deal with Japex

TOKYO: Abu Dhabi’s ADNOC Gas said on Thursday it has signed a five-year deal to supply liquefied natural gas (LNG)...

Published 17 Aug, 2023 10:17am

World

Turkey's Erdogan signs $50 billion in deals during UAE visit

ABU DHABI: The United Arab Emirates and Turkey inked on Wednesday several deals estimated to be worth $50.7 billion...

Published 19 Jul, 2023 11:21pm

World

UAE’s Abu Dhabi sees strong industrial sector growth amid diversification push

ABU DHABI: Abu Dhabi, the capital of major oil exporter United Arab Emirates, plans to double the contribution from...

Published 19 Jul, 2023 05:51pm

World

Indian rupee, UAE dirham trade mechanism may launch during Modi visit Saturday

NEW DELHI: India and the United Arab Emirates may announce the start of a rupee-dirham payment mechanism to settle...

Published 14 Jul, 2023 08:40pm

Business & Finance

FSC to build a world class fish market at KFH

KARACHI: Administrator Fishermen’s Cooperative Society (FSC) Zahid Ibrahim Bhatti visited the wholesale fish...

Published 12 Jun, 2023 06:26am

Life & Style

Pakistan’s Nabila official backstage partner at Bollywood’s IIFA Awards 2023

For the third time, Pakistan’s stylist Nabila Maqsood is the official hair and makeup partner for the IIFA awards...

Updated 26 May, 2023 11:35pm

Technology

Abu Dhabi makes its Falcon 40B AI model open source

DUBAI: The emirate of Abu Dhabi is making a large-scale artificial intelligence model, “Falcon 40B”, available open...

Published 25 May, 2023 01:41pm

Markets

Abu Dhabi’s ADGM financial centre to expand by ten times

ABU DHABI: Abu Dhabi’s ADGM financial freezone will expand its area of jurisdiction by ten times, it said on Monday,...

Published 08 May, 2023 02:03pm

World

UAE president names son Abu Dhabi crown prince

DUBAI: United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan has appointed his son Sheikh Khaled as...

Published 31 Mar, 2023 06:45am

World

UAE president names son as crown prince, presumed future leader

DUBAI: The United Arab Emirates’ president named his eldest son as crown prince of Abu Dhabi late on Wednesday,...

Published 30 Mar, 2023 02:33pm

Business & Finance

Abu Dhabi shakes up wealth funds, with top royals chairing them

DUBAI: Abu Dhabi announced a reshuffle at the top of its two biggest sovereign wealth funds on Thursday, appointing...

Published 13 Mar, 2023 06:15am

Markets

Abu Dhabi’s ADNOC Drilling net profit rises 33% in 2022

DUBAI: Abu Dhabi’s ADNOC Drilling reported on Monday a rise of 33% in 2022 net profit, with revenue boosted by its...

Published 13 Feb, 2023 01:12pm

Markets

Saudi Arabia may lower crude prices to Asia for 4th straight month

SINGAPORE: Saudi Arabia, the world’s largest oil exporter, may trim prices for crude grades sold to Asia for a...

Published 30 Jan, 2023 11:15am

PM urges Abu Dhabi Chamber to make investments

ABU DHABI: Prime Minister Shehbaz Sharif on Friday urged the members of the Abu Dhabi Chamber to visit Pakistan and...

Updated 14 Jan, 2023 08:46am

Business & Finance

United Arab Emirates to host next major WTO meeting in Feb. 2024

GENEVA: The next World Trade Organization ministerial conference will be held in Abu Dhabi, United Arab Emirates in...

Published 19 Dec, 2022 03:13pm

Markets

Saudi Aramco’s Luberef expects to raise up to $1.32bn from IPO

DUBAI: Saudi oil giant Aramco’s base oil subsidiary Luberef expects to raise up to 4.95 billion riyals ($1.32...

Published 04 Dec, 2022 01:16pm

Sports

England cricketers land in Pakistan for first Test series in 17 years

The three-match series, part of the World Test championship, starts in Rawalpindi from December 1 with the second Test in Multan (December 9-13) and the third in Karachi (December 17-21)

Updated 27 Nov, 2022 05:05pm

Technology

Binance CEO Zhao: significant interest in crypto industry recovery fund

ABU DHABI: Binance chief executive Changpeng Zhao said on Wednesday there was significant interest from industry...

Published 16 Nov, 2022 01:33pm

Markets

Major Gulf bourses gain in early trade; Abu Dhabi falls

Most major stock markets in the Gulf gained in early trade on Monday, amid rising oil prices, although the Abu Dhabi...

Published 17 Oct, 2022 02:22pm

World

$3bn railway to link Oman, UAE

DUBAI: A new $3 billion railway is to link Oman’s Sohar port with Abu Dhabi, capital of the United Arab Emirates,...

Published 29 Sep, 2022 05:54am

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Dec 6 First Punjab Modaraba(FPJM)	1.80 ▲ 0.20 (12.50%)
Popular Islamic / Dec 6 Popular Islamic Modaraba(PIM)	10.50 ▲ 1.00 (10.53%)
Bawany Air Products / Dec 6 Bawany Air Products Limited(BAPL)	11.28 ▲ 1.00 (9.73%)
Tri-Star Power / Dec 6 Tri-Star Power Limited(TSPL)	11.88 ▲ 1.00 (9.19%)
Trust Sec.& Brok. / Dec 6 Trust Securities & Brokerage Limited(TSBL)	12 ▲ 1.00 (9.09%)
Nazir Cotton Mills / Dec 6 Nazir Cotton Mills Limited(NCML)	3.91 ▲ 0.31 (8.61%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	3.50 ▲ 0.27 (8.36%)
Sakrand Sugar / Dec 6 Sakrand Sugar Mills Limited(SKRS)	9.94 ▲ 0.71 (7.69%)
Tariq Corporation / Dec 6 Tariq Corporation Limited(TCORP)	19.18 ▲ 1.34 (7.51%)
Matco Foods Ltd / Dec 6 Matco Foods Limited(MFL)	37.86 ▲ 2.64 (7.50%)

Stock	Price
Universal Ins. / Dec 6 The Universal Insurance Company Limited(UVIC)	6.45 ▼ -0.70 (-9.79%)
Power Cem(Pref) / Dec 6 Power Cement (Pref)(POWERPS)	7.80 ▼ -0.80 (-9.30%)
Unicap Modaraba / Dec 6 Unicap Modaraba(UCAPM)	1.81 ▼ -0.16 (-8.12%)
Universal Network (GEM) / Dec 6 Universal Network Systems Limited (GEM)(GEMUNSL)	26.11 ▼ -2.12 (-7.51%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	225.64 ▼ -18.30 (-7.50%)
Otsuka Pakistan / Dec 6 Otsuka Pakistan Limited(OTSU)	159.25 ▼ -12.91 (-7.50%)
Olympia Mills / Dec 6 Olympia Mills Limited(OML)	16.31 ▼ -1.31 (-7.43%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	5.51 ▼ -0.43 (-7.24%)
Philip Morris Pak. / Dec 6 Philip Morris (Pakistan) Limited(PMPK)	510.70 ▼ -39.30 (-7.15%)
Saif Textile / Dec 6 Saif Textile Mills Limited(SAIF)	10.22 ▼ -0.77 (-7.01%)

Stock	Volume
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	58,087,694 ▲ 0.24
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	57,079,786 ▲ 0.01
Fauji Cement / Dec 6 Fauji Cement Company Limited(FCCL)	41,984,500 ▲ 0.28
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	30,480,397 ▲ 1.12
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	28,170,500 ▲ 0.47
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	26,337,000 ▲ 0.36
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	26,128,740 ▲ 0.52
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	23,810,103 ▼ -1.28
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	23,518,237 ▼ -0.58
Maple Leaf Cement / Dec 6 Maple Leaf Cement Factory Limited(MLCF)	22,423,667 ▲ 0.19

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 5	284.60
USD PKR Interbank Buying / Dec 5	284.20
USD to Japanese Yen / Dec 5	146.80
USD to Swiss Franc / Dec 5	0.87
Pound Sterling to USD / Dec 5	1.26
Euro to USD / Dec 5	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
Nasdaq / Dec 4	14185.50
Dow Jones / Dec 4	36204.44
India Sensex / Dec 5	69356.82
Tokyo Nikkei / Dec 5	32782.14
Hang Seng / Dec 5	16405.25
FTSE 100 / Dec 5	7475.73
Germany DAX 30 / Dec 5	16399.89
France CAC40 / Dec 5	7341.86

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 4	191701
Crude Oil USD/Barrel / Dec 5	73
Gold Spot USD/Ounce / Dec 5	2033.31
Cotton US¢/pound / Dec 5	78.78

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