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Dubai creates ‘space court’ for out-of-this-world disputes

DUBAI: Dubai announced Monday the creation of a “space court” to settle commercial disputes, as the UAE — ...

Updated 02 Feb, 2021 09:52am

World

UAE to offer citizenship to select expats in rare move for Gulf

"The law allows receivers of the UAE passport to keep their existing citizenship."

Published 30 Jan, 2021 05:35pm

World

UAE adopts amendments to grant citizenship to investors, other professionals

“The UAE cabinet, local Emiri courts and executive councils will nominate those eligible for the citizenship under clear criteria set for each category," says UAE Vice President.
"The law allows receivers of the UAE passport to keep their existing citizenship," said Sheikh Mohammed.

Published 30 Jan, 2021 04:19pm

World

UK bans direct flights from UAE, shutting world's busiest international route

Britain is banning direct passenger flights to and from the United Arab Emirates from Friday, shutting down the world’s busiest international airline route from Dubai to London.
Britain said it was adding the United Arab Emirates, Burundi and Rwanda to its coronavirus travel ban list because of worries over the spread of a more contagious and potentially vaccine-resistant COVID-19 variant first identified in South Africa.

Published 29 Jan, 2021 11:10am

World

Biden administration temporarily holds some U.S. weapons exports, official says

The Department is temporarily pausing the implementation of some pending U.S. defense transfers and sales under Foreign Military Sales and Direct Commercial Sales to allow incoming leadership an opportunity to review, the official said.

Published 28 Jan, 2021 09:45am

World

Israel's Airobotics eyes Tel Aviv IPO, drone deal in Dubai

We are starting the process and we're about to submit the (prospectus) to Tel Aviv Stock Exchange in the coming months.
Dubai is definitely an early adopter in terms of smart cities and generally in innovation.

Published 26 Jan, 2021 06:44pm

Markets

Dubai leads major Gulf markets lower

In Abu Dhabi, the index fell 0.9%, hit by a 0.9% decline in the country's largest lender First Abu Dhabi Bank and a 2.1% drop in Aldar Properties.

Published 26 Jan, 2021 02:14pm

World

Israel-UAE partnership launches $100 million tech investment fund

Liquidity Capital, an Israeli fund management company has joined with Vault Investment, a Dubai-based company, to launch a $100 million debt investment fund.
The Dubai-based fund will target technology startups in the region, especially those looking for alternative sources of funding.

Updated 25 Jan, 2021 01:35pm

World

UAE gives green light for embassy in Tel Aviv

ABU DHABI: The UAE on Sunday approved the establishment of the country’s first embassy in Israel, more than four...

Published 25 Jan, 2021 04:23am

World

Dubai slows down Pfizer vaccine rollout amid shipment delays

On Saturday, the UAE recorded 3,566 Covid-19, a new high for the 12th consecutive day. It has so far recorded over 274,000 infections, including 783 deaths.

Published 24 Jan, 2021 05:22pm

Markets

Dubai leads most Gulf markets lower, but Abu Dhabi bucks the trend

In Abu Dhabi, the index edged up 0.1%, helped by a 1.2% gain in Abu Dhabi Commercial Bank.

Updated 24 Jan, 2021 01:53pm

World

UAE seeks to allay Danish concerns over pre-flight virus tests

Danish Transport Minister announced earlier Friday that all commercial air traffic from the UAE would be suspended for five days.

Published 23 Jan, 2021 05:43pm

World

UAE approves Russia's Sputnik V COVID-19 vaccine for emergency use

The vaccine's Russian developers have said the shot has been found to be 91.4% effective in providing protection.

Published 21 Jan, 2021 07:01pm

Pakistan

UAE envoy reaffirms desire to increase bilateral ties: FO

ISLAMABAD: Ambassador of the United Arab Emirates (UAE) Hamad Obaid Ibrahim Salem Al Zaabi on Wednesday reaffirmed...

Published 21 Jan, 2021 04:23am

Pakistan

FM says UAE steadfastly stood by Pakistan in times of need

Qureshi said warm sentiments between the two leaderships and strong people-to-people linkages were rooted in shared faith, values and culture.

Published 20 Jan, 2021 06:42pm

World

Israelis earn bad reputation in UAE for poor behavior, violation of laws

Dubai has become a favored holiday destination for Israeli tourists but poor behavior has blackened Israel's international image
Most Israeli nationals have been found involved in stealing light fittings, cooking in hotel rooms and damaging luxury vehicles

Published 20 Jan, 2021 10:55am

Markets

Telecom stocks power UAE gains; Saudi index declines

DUBAI: Markets in the United Arab Emirates (UAE) finished stronger on Tuesday, powered by the country’s telecoms...

Published 20 Jan, 2021 04:29am

World

UAE suspends visa-free travel agreement with Israel due to rising COVID cases

The United Arab Emirates has suspended its visa-free agreement with Israel will the 1st of July, due to the unprecedented spread of COVID-19.
The Israeli Foreign Ministry stated that their citizens travelling to the UAE will need to obtain a visa due to the suspension.

Updated 19 Jan, 2021 02:34pm

Business & Finance

Pakistan should withdraw anti-dumping duty imposed on BOPP from UAE: WTO

We suggest that Pakistan implement our recommendation by withdrawing the anti-dumping measures it has imposed on BOPP film from the United Arab Emirates, says WTO.

Published 19 Jan, 2021 11:12am

Egypt, UAE resume first Qatar flights since 2017

DOHA: The first direct flights since 2017 between Qatar and its former rivals Egypt and the UAE took to the skies on...

Published 19 Jan, 2021 04:22am

Sports

Singh on song as Ireland crush UAE to square series

Singh picked up the first five wickets as the hosts crumbled and finished with an astonishing five for 10 from his 10 overs.

Published 18 Jan, 2021 07:43pm

World

Egypt, UAE resume first Qatar flights since 2017

Flights between Doha and Saudi Arabia, which has also opened its land border to Qatar, resumed on January 11.

Published 18 Jan, 2021 07:37pm

Business & Finance

Emirates airline vaccinates staff against Covid-19

The UAE has so far recorded more than 253,000 Covid-19 cases, including 745 deaths.

Published 18 Jan, 2021 05:22pm

Pakistan

Agreements with UAE, Chinese, Turkish companies for Ravi City project in final stages, PM told

He was presiding over a review meeting about progress on the projects of Ravi Urban Development and Central Business District in Lahore and the relocation of Walton airport.

Published 14 Jan, 2021 10:52pm

Business & Finance

UAE’s Abu Dhabi Group to enhance investment in Pakistan

He said that due to the vision of Prime Minister Imran Khan, the Abu Dhabi group would further their investments in Pakistan and a new project worth US$ 500 million would be started in Pakistan soon.

Published 14 Jan, 2021 12:39pm

Pakistan

Shehryar conveys special message of PM to UAE Minister

He said that Pakistan and UAE are enjoying excellent relationship.

Published 13 Jan, 2021 08:24pm

Business & Finance

Egypt follows Gulf allies in reopening airspace to Qatar

Egypt and its Gulf allies imposed the embargo on Qatar over allegations it supports terrorism, allegations Doha denies.

Published 13 Jan, 2021 12:21pm

World

First Qatari vehicles cross border into Saudi after Gulf détente

It's good the crisis has been resolved, and the warm welcome we had, and the happiness we see in our brothers.
So far no flights have resumed between Qatar and the four Arab states. Qatar Airways on Thursday began re-routing some of its flights through Saudi airspace.

Published 09 Jan, 2021 05:55pm

World

Gulf states to restore links with Qatar within a week: UAE

The UAE is "behind this deal, and positive about the prospect of re-establishing relations with Qatar," he Gargash.

Published 07 Jan, 2021 05:46pm

World

Travel, trade may resume within a week to Qatar, says UAE

Anwar Gargash said measures to be implemented within a week of the agreement "include practical measures of airlines, shipping and trade".

Published 07 Jan, 2021 04:27pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
Dow Jones / May 13	39431.51
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19
Hang Seng / May 14	19120.21
FTSE 100 / May 14	8427.64
Germany DAX 30 / May 14	18697.64

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Petrol/Litre / May 14	288.49
Crude Oil USD/Barrel / May 14	79.23
Gold 10 Grams PKR / May 14	207733
Gold Spot USD/Ounce / May 14	2344.20
Diesel/Litre / May 14	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 14 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 14 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 14 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 14 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 14 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 14 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 14 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 14 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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