Trends - uae - Business Recorder

uae

Bahrain says it won't allow imports from Israeli settlements

Bahrain and the UAE formalised ties with Israel on Sept. 15, in a U.S.-sponsored deal billed by the Gulf states as being made possible by Israel’s shelving of a plan to annex West Bank settlements.
Under European Union guidelines, settlement products should be clearly labelled as such when exported to EU member countries.

Published 05 Dec, 2020 05:37pm

World

Qatar foreign minister says there has been movement on resolving Gulf dispute

The United States and Kuwait have been working to end a row that has seen Saudi Arabia, the United Arab Emirates, Bahrain and Egypt sever diplomatic, trade and travel ties with Qatar since mid-2017. Washington says it wants a united Gulf front against Iran.

Published 04 Dec, 2020 02:30pm

World

Indian Army Chief Gen. Naravane to visit Saudi Arabia, UAE, indicating growing ties

Indian Army Chief Gen. M.M. Naravane will be travelling to Saudi Arabia and the United Arab Emirates next week, in an unprecedented move that can be seen as a reflection of the growing relationship between India and the Gulf States.

Updated 04 Dec, 2020 02:38pm

World

Bahrain open to imports from Israeli settlements, Palestinians fume

Bahrain and the United Arab Emirates formalised ties with Israel on Sept. 15, in a U.S.-sponsored deal billed by the Gulf countries as being made possible by Israel’s shelving of a plan to annex West Bank settlements. Most world powers deem them illegal.

Published 03 Dec, 2020 06:35pm

Business & Finance

U.S. arms sales to UAE draw fire from 29 rights groups

“The hope is to stop these sales altogether,” said Seth Binder, advocacy officer at the Project on Middle East Democracy, who spearheaded the effort.

Published 01 Dec, 2020 10:10am

Pakistan

Ban or no ban: confusion persists over UAE work visa ban for Pakistanis

Earlier this week, UAE announced that it is imposing ban on visas to citizens of 13 mostly Muslim-majority countries including Iran, Turkey, Pakistan, Syria and Somalia.

Published 27 Nov, 2020 10:10pm

World

UAE halts new visas to citizens of Pakistan, 13 mostly Muslim states: document

The document, sent to companies operating in the park and seen by Reuters, cited an immigration circular that came into effect on Nov. 18.

Updated 25 Nov, 2020 10:59pm

Business & Finance

Pakistan’s CCL Pharmaceuticals acquire UAE’s StratHealth Pharma

The acquisition of business by CCL will enhance its footprint to an attractive GCC region along side strengthening its consumer and OTC portfolio, read the company statement.

Published 16 Nov, 2020 12:39pm

World

Pompeo confirms US sale of F-35 jets to UAE

The State Department sent a formal notice to Congress on the sale of the stealth precision planes, long sought by the Gulf Arab ally which won a green light after agreeing in September to recognize Israel.

Published 12 Nov, 2020 04:54pm

World

UAE eases Islamic laws for personal freedoms

Residents of the Gulf Arab state will also have the right to choose inheritance laws to be used in each case, instead of the UAE legislation based on sharia (Islamic religious law).

Published 07 Nov, 2020 08:05pm

Business & Finance

US plans to sell 50 F-35 jets to UAE

The UAE, has long expressed its intention in acquiring the stealthy F-35 jets and was promised a chance to buy them in a side deal when it agreed to normalize relations with Israel.

Published 31 Oct, 2020 10:51am

World

Israeli cabinet ratifies deal on ties with UAE

The UAE in August became the third Arab state to establish relations with Israel following Egypt in 1979 and Jordan in 1994.

Published 25 Oct, 2020 06:17pm

World

First commercial flight from UAE lands in Israel

The two nations agreed to enable 28 weekly direct flights.

Updated 19 Oct, 2020 02:42pm

Business & Finance

New guidelines issued for Pakistani passengers traveling to UAE

According to the guidelines issued by PIA, passengers arriving in the UAE must have at least 2,000 dirhams.

Published 16 Oct, 2020 11:17am

Business & Finance

KSA, UAE remain Pakistan’s top remittance destinations

Saudi Arabia was the leading country for Pakistani workers, who remitted $665.82 million in September 2020 as compared to $515.75mn remitted in the same period last year showing an increase of over 29 percent.

Updated 12 Oct, 2020 05:53pm

World

UAE official says Turkish base in Qatar destabilises region

The UAE and its Arab allies have imposed a boycott on Qatar since mid-2017 and had demanded that Doha close a Turkish military base, among their conditions for ending the rift

Published 11 Oct, 2020 10:26am

Pakistan

Millions of Pakistanis have been contributing to UAE’s development for many decades: Qureshi

Both countries have agreed to promote bilateral cooperation in the economic and trade sectors.

Updated 08 Oct, 2020 10:40am

Business & Finance

CAA issues new rules for passengers entering from UAE

The new Pakistan Civil Aviation rules will continue to apply until December 31, 2020.

Published 02 Oct, 2020 10:42am

Business & Finance

These are the top export destinations of Pakistan

Pakistan exports to US during July-August of the ongoing fiscal witnessed a fall of 6pc, from $714.63mn of exports in the corresponding months in 2019 to $671.75mn in the ongoing period.

Published 29 Sep, 2020 11:32am

Sports

Al-Nasr becomes first Arab club to sign Israeli footballer

Move comes less than two weeks after UAE normalised ties with Jewish state.

Published 28 Sep, 2020 07:54pm

Israel, Bahrain tourism ministers discuss joint ventures with UAE

Israel's Asaf Zamir says he hopes tourism between Israel and the UAE could start early next year

Published 17 Sep, 2020 07:17pm

World

UAE official says Israel accord should dispel doubts over F-35 sale

The agreement, known as the Abraham Accord, should dispel "any grain of doubt" on why the Gulf state should get stealth F-35 fighter jets from the United States.
The UAE seeks like any country that takes its military seriously, to modernize its military, always, so our request for the F35 and other systems pre-dates this agreement.

Published 15 Sep, 2020 07:32pm

Israel, UAE, Bahrain ink US-brokered "Abraham Accord" to normalize ties

The initiative will herald a dramatic shift in Middle East power dynamics

Updated 15 Sep, 2020 11:13pm

Business & Finance

Pakistan, UAE anti-money laundering MoU to help meet FATF conditions

The Financial Intelligence Unit (FIU) of the UAE signed a Memorandum of Understanding (MoU) with the Financial Monitoring Unit of Pakistan.

Published 11 Sep, 2020 12:56pm

Business & Finance

Pakistan, UAE to exchange information to combat financial terrorism

The MoU was signed by H.E. Ghulam Dastgir, Ambassador of Pakistan to UAE, and Ali Faisal Ba'Alawi, Acting Head of the Financial Intelligence Unit of UAE.

Published 10 Sep, 2020 02:29pm

Palestinians set to soften stance on UAE-Israel normalisation

A draft resolution presented by the Palestinian envoy before an Arab League meeting does not include a call to condemn, or act against, the Emirates over the U.S.-brokered deal

Published 08 Sep, 2020 08:26pm

Israel sees trade with UAE at $4 billion a year

A number of Israeli and Emirati businesses have signed deals since the normalization accord was announced

Published 07 Sep, 2020 04:19pm

World

Saudi allows overflights by UAE services to 'all countries'

KSA said it will not follow UAE in establishing diplomatic ties with Israel.

Published 02 Sep, 2020 05:57pm

World

Kushner visits UAE base where coveted F-35 jets deployed

Israel has already received a first consignment of the jets.
Netanyahu has made clear his opposition to the UAE being next in line.

Published 01 Sep, 2020 05:39pm

Business & Finance

Pakistan’s Serene Air to commence international operations next month

Safdar further added that his company has done its homework to expand itself in China and the UK and was of the view that Serene Air's signature would soon appear on the international radar.

Published 01 Sep, 2020 02:13pm

Gainers
Losers
Leaders

Stock	Price
A. Shah Ghazi / Dec 5 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.0500 ▲ 0.55 (10.00%)
BIPL securities / Dec 5 BIPL Securities Limited(BIPLS)	10.9800 ▲ 0.98 (9.80%)
Tri-Star Power / Dec 5 Tri-Star Power Limited(TSPL)	4.3000 ▲ 0.30 (7.50%)
Amreli Steels / Dec 5 Amreli Steels Limited(ASTL)	44.8158 ▲ 2.94 (6.61%)
United Ins. / Dec 5 The United Insurance Company(UNIC)	8.1900 ▲ 0.44 (5.68%)
Telecard / Dec 5 Telecard Limited(TELE)	1.9000 ▲ 0.10 (5.56%)
National Refinery / Dec 5 National Refinery Limited(NRL)	231.1000 ▲ 11.10 (5.05%)
At-Tahur Ltd. / Dec 5 At-Tahur Limited(PREMA)	17.8500 ▲ 0.85 (4.65%)
Jahangir Sid. Co. / Dec 5 Jahangir Siddiqui & Co. Ltd.(JSCL)	28.6685 ▲ 1.57 (4.59%)
Dewan Farooq. Spin. / Dec 5 Dewan Farooque Spinning Mills Limited(DFSM)	2.0900 ▲ 0.09 (4.50%)

Stock	Price
Nishat Power / Dec 5 Nishat Power Limited(NPL)	23.0000 ▼ 0.42 (-1.83%)
Descon Oxy. / Dec 5 Descon Oxychem Limited(DOL)	32.7889 ▼ 0.39 (-0.69%)
Pak Oilfields / Dec 5 Pakistan Oilfields Limited(POL)	408.9000 ▼ 2.55 (-0.04%)
Askari Bank / Dec 5 Askari Bank Limited(AKBL)	19.6000 ▼ 0.00 (0.00%)
Highnoon / Dec 5 Highnoon Laboratories Limited(HINOON)	635.0000 ▼ 0.00 (0.00%)
Nat. Bank / Dec 5 National Bank of Pakistan(NBP)	40.4100 ▼ 0.00 (0.00%)
Pak Oxygen / Dec 5 Pakistan Oxygen Limited(PAKOXY)	161.5000 ▼ 0.00 (0.00%)
Kohinoor Energy / Dec 5 Kohinoor Energy Limited(KOHE)	34.9000 ▼ 0.00 (0.00%)
Kohinoor Mills / Dec 5 Kohinoor Mills Limited(KML)	35.0000 ▼ 0.00 (0.00%)
Pak. Int. Airlines (A) / Dec 5 Pakistan International Airlines Corporation Limited (A)(PIAA)	4.5000 ▼ 0.00 (0.00%)

Stock	Volume
TRG Pak. / Dec 5 TRG Pakistan Limited(TRG)	29,694,500 ▼ 3.53
Pakistan Refinery / Dec 5 Pakistan Refinery Limited(PRL)	20,285,000 ▼ 0.59
Aisha Steel / Dec 5 Aisha Steel Mills Limited(ASL)	16,073,000 ▼ 0.62
P.T.C.L.A / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	11,941,000 ▼ 0.40
Agha Steel / Dec 5 Agha Steel Industries Limited(AGHA)	11,802,500 ▼ 1.61
K-Electric Ltd / Dec 5 K-Electric Limited(KEL)	11,342,000 ▼ 0.05
Amreli Steels / Dec 5 Amreli Steels Limited(ASTL)	7,561,500 ▼ 2.94
Unity Foods / Dec 5 Unity Foods Limited(UNITY)	7,552,000 ▼ 0.41
Hascol Petroleum / Dec 5 Hascol Petroleum Limited(HASCOL)	7,478,013 ▼ 0.23
Maple Leaf / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	6,442,231 ▼ 0.52

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Dec 5	160.20
USD PKR Interbank Buying / Dec 5	160.10
Pound Sterling to USD / Dec 5	1.34
Euro to USD / Dec 5	1.21

Stock	Volume
S&P 500 / Dec 5	3699.12
India Sensex / Dec 5	45079.55
Tokyo Nikkei / Dec 5	26751.24
Nasdaq / Dec 5	12464.23
Hang Seng / Dec 5	26835.92
FTSE 100 / Dec 5	6550.23
Dow Jones / Dec 5	30218.26
Germany DAX 30 / Dec 5	13298.96
France CAC40 / Dec 5	5609.15

Indicator	Value
Per Capita Income USD (CPI) / Nov 19	1516.00
Weekly Foreign Reserves / Dec 4	20241.80
GDPGROWTH / Dec 4	1.00
Foreign Debt (PKR billions) / Dec 4	17000.00
Average CPI % / Dec 4	11.11
UK LIBOR % / Dec 5	0.08

uae

Bahrain says it won't allow imports from Israeli settlements

Qatar foreign minister says there has been movement on resolving Gulf dispute

Indian Army Chief Gen. Naravane to visit Saudi Arabia, UAE, indicating growing ties

Bahrain open to imports from Israeli settlements, Palestinians fume

U.S. arms sales to UAE draw fire from 29 rights groups

Ban or no ban: confusion persists over UAE work visa ban for Pakistanis

UAE halts new visas to citizens of Pakistan, 13 mostly Muslim states: document

Pakistan’s CCL Pharmaceuticals acquire UAE’s StratHealth Pharma

Pompeo confirms US sale of F-35 jets to UAE

UAE eases Islamic laws for personal freedoms

US plans to sell 50 F-35 jets to UAE

Israeli cabinet ratifies deal on ties with UAE

First commercial flight from UAE lands in Israel

New guidelines issued for Pakistani passengers traveling to UAE

KSA, UAE remain Pakistan’s top remittance destinations

UAE official says Turkish base in Qatar destabilises region

Millions of Pakistanis have been contributing to UAE’s development for many decades: Qureshi

CAA issues new rules for passengers entering from UAE

These are the top export destinations of Pakistan

Al-Nasr becomes first Arab club to sign Israeli footballer

Israel, Bahrain tourism ministers discuss joint ventures with UAE

UAE official says Israel accord should dispel doubts over F-35 sale

Israel, UAE, Bahrain ink US-brokered "Abraham Accord" to normalize ties

Pakistan, UAE anti-money laundering MoU to help meet FATF conditions

Pakistan, UAE to exchange information to combat financial terrorism

Palestinians set to soften stance on UAE-Israel normalisation

Israel sees trade with UAE at $4 billion a year

Saudi allows overflights by UAE services to 'all countries'

Kushner visits UAE base where coveted F-35 jets deployed

Pakistan’s Serene Air to commence international operations next month

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