Trends - uae - Business Recorder

uae

Dubai’s Mashreq Bank may move jobs to Pakistan as part of cost-cutting move

The report added that Mashreq Bank will also cut a large number of existing jobs, and create new jobs for employees.

Updated 07 Jan, 2021 04:10pm

World

Gulf's surprise reconciliation masks underlying acrimony

Saudi Arabia, UAE, Bahrain and Egypt in June 2017 slapped a boycott on Qatar that severed air, land and sea links.

Published 06 Jan, 2021 08:33pm

Pakistan

Sajnrani terms resumption of diplomatic ties among Qater, KSA, Egypt, UAE good omen for Gulf Region

He said that our problems are common and we have to make collective efforts to find a solution for the problems.

Published 06 Jan, 2021 06:41pm

Pakistan

Pakistan, UAE review progress on energy projects

He said the collaboration in energy sector would provide an impetus to economic ties between the two brotherly countries.

Published 06 Jan, 2021 06:17pm

Business & Finance

China's CNBG has supplied 3 million COVID-19 vaccine doses to UAE

CNBG has moved into late-stage clinical trials two COVID-19 vaccine candidates respectively developed by its units in Beijing and Wuhan city

Published 05 Jan, 2021 04:44pm

Pakistan

Zobaida Jalal lauds UAE vision 2030 on Defence Industry advancement

The dignitary appreciated the two brotherly countries efforts in fight against COVID-19 and termed it a success story against the pandemic.

Published 04 Jan, 2021 06:31pm

Markets

UAE stocks rise, Dubai outperforms on first trading day of 2021

Qatar enters another year of its blockade by Saudi Arabia, Egypt, UAE and Bahrain on accusations of backing "terrorist" groups, charges which Doha denies.

Published 03 Jan, 2021 02:18pm

World

The Gulf Cooperation Council: a bloc in crisis

But it has been in crisis since June 5, 2017 when Saudi Arabia, UAE and Bahrain, along with non-GCC member Egypt, severed diplomatic ties with Qatar.

Published 03 Jan, 2021 11:44am

World

UAE reports record COVID-19 cases for fourth consecutive day

The UAE reported 1,856 new cases on new year's day and more than 1,700 on Dec. 30 and 31.

Published 02 Jan, 2021 09:35pm

World

'Made in Israel' alcohol hits Dubai's liquor stores as thousands of Israelis flock to Emirate

Scores undeterred by Israel’s warnings about possible Iranian attacks in the region have celebrated weddings, and eight-day Jewish festival of Hanukkah with large gatherings banned back home
Data collected from travel agents revealed that at least 70,000 Israeli tourists arrived in Dubai on 15 nonstop daily flights in December

Published 31 Dec, 2020 04:44pm

Markets

Markets close lower after UAE reports cases of new virus variant

Dubai falls for third session in four.
Abu Dhabi down for second straight session.
Financials drag on Bahrain index.

Published 30 Dec, 2020 07:04pm

World

Saudi-led coalition discuss 'cooperation' with Qatar, ahead of GCC summit

On Sunday, foreign ministers of the Gulf Cooperation Council (GCC) countries held a virtual meeting discussing "cooperation" ahead of a landmark regional summit next month, amid efforts to end the rift between Qatar and a Saudi-led alliance.
Foreign ministers from Saudi Arabia, the United Arab Emirates, Bahrain, Oman and Kuwait took part in the meeting, while Qatar was represented by its Minister of State for Foreign Affairs.

Updated 28 Dec, 2020 05:58pm

World

Israel, UAE working together to eliminate UN aid agency for Palestine refugees: Report

The move will allow Abu Dhabi to promote Israel's long-standing demand that UNRWA is obstructing peace
US President Donald Trump cut off US funding to UNRWA in 2018 which severely impacted the agency’s ability to provide aid and health services to Palestinian refugees in the Gaza Strip

Published 28 Dec, 2020 12:46pm

World

Dubai cuts 2021 budget as pandemic impacts economy

The emirate, one of the seven that make up the United Arab Emirates, had posted a record $18.1 billion budget for 2020.

Published 27 Dec, 2020 05:48pm

World

Dubai ruler approves $15.5 billion budget for 2021 as economic recovery seen

The statement did not give a comparison to actual spending in 2020, but the size of the 2021 budget is 14 percent below the 66.4 billion dirhams it had set for 2020
The budget takes into account the exceptional economic conditions of the fiscal year 2020 and the repercussions of the pandemic on the global economy

Published 27 Dec, 2020 02:44pm

World

Israeli jets bomb residential areas, children hospital in Gaza

On Saturday, Hamas, the political group that governs Gaza Strip, denounced Israel's overnight airstrikes as “barbaric.”
Hamas said that Israeli airstrikes damaged a Gaza children's hospital.

Updated 26 Dec, 2020 11:17pm

World

Dubai rolls out Pfizer-BioNTech vaccination campaign

The UAE has so far recorded more than 197,000 cases of the novel coronavirus, including 645 deaths.

Published 23 Dec, 2020 07:28pm

Pakistan

UAE wants Economic Roadmap with Pakistan to boost bilateral trade

The USE Ambassador visited CCI on Wednesday and exchanged views to explore trade opportunities between both the countries.

Published 23 Dec, 2020 07:01pm

World

UAE says Qatar media 'undermining' Gulf crisis progress

Earlier this month, Saudi Foreign Minister Prince Faisal bin Farhan said a resolution of the Gulf diplomatic crisis was in sight, with all governments involved "on board" and a final agreement expected soon.

Updated 22 Dec, 2020 01:00pm

World

Global arms sales by top 25 companies up by 8.5 percent in 2019

For the first time, a Middle Eastern firm appears in top 25.
After the US, China accounted for the second largest share of 2019 arms sales by the top 25 arms companies, at 16 percent.

Updated 21 Dec, 2020 05:15pm

There is no external pressure on Pakistan to recognise Israel, says Qureshi

FM says no dialogue could be held over ties with Israel till peaceful resolution of Palestine issue as per the aspirations of the Palestinian people
UAE leadership has assured that the visa restrictions have been imposed on temporary basis due to the outbreak of COVID-19 pandemic: Qureshi

Updated 21 Dec, 2020 02:00pm

Pakistan

FM's visit to UAE will help further strengthen bilateral ties in diverse fields: FO

“During the visit of the Foreign Minister, the two sides acknowledged Pakistani community’s positive contribution to the UAE’s success story.”
The Emirates is home to 1.2 million Pakistanis, which is the second largest host to overseas Pakistanis worker after Saudi Arabia.

Published 19 Dec, 2020 05:43pm

Pakistan

FM Qureshi calls on UAE PM in Dubai, exchanges views on issues of mutual interest

Foreign Minister Qureshi exchanged views with the Prime Minister of UAE on a range of issues of mutual interest.

Published 17 Dec, 2020 06:35pm

Pakistan

FM Qureshi arrives in UAE on two-day visit

The FM will hold discussions with the UAE leadership on all areas of mutual interest including regional and global issues.
He will also meet the Pakistani diaspora there which is home to the second largest Pakistani community abroad.

Updated 17 Dec, 2020 12:27pm

World

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

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

Markets →

Calculate your monthly liability in FY24

uae

Most Popular