Trends - United Arab Emirates - Business Recorder

United Arab Emirates

UK creates unit to clamp down on companies evading Russian sanctions

LONDON: The British government said on Monday it was creating an enforcement unit to increase its power to crack...

Published 11 Dec, 2023 10:01am

World

US criticizes Israel on Gaza civilian toll as UN to hear ceasefire demand

GAZA/WASHINGTON: US Secretary of State Antony Blinken, in his strongest public criticism of Israel’s conduct of the...

Updated 08 Dec, 2023 12:01pm

World

UAE planning to develop a national investment strategy

ABU DHABI: The United Arab Emirates is working on developing a national investment strategy, its recently appointed...

Published 07 Dec, 2023 12:51pm

World

We meet in Moscow next time: Putin told MbS

MOSCOW: President Vladimir Putin said that a planned visit by Saudi Crown Prince Mohammed bin Salman to Russia had...

Published 07 Dec, 2023 11:16am

World

Putin lands in Abu Dhabi on Middle East visit

ABU DHABI: President Vladimir Putin is in the United Arab Emirates for a rare visit outside the former Soviet Union...

Updated 06 Dec, 2023 10:20pm

World

Putin to visit UAE, Saudi Arabia this week

MOSCOW: Russian President Vladimir Putin will visit the United Arab Emirates and Saudi Arabia this week, Russian...

Published 04 Dec, 2023 10:55pm

World

COP28: UAE president announces $30bn fund to bridge climate finance gap

DUBAI: United Arab Emirates President Sheikh Mohammed Bin Zayed announced on Friday the establishment of a $30...

Updated 01 Dec, 2023 09:58pm

World

Israel president to discuss hostages on COP28 sidelines

DUBAI: Israeli President Isaac Herzog is due to attend the UN climate talks in the United Arab Emirates Thursday...

Published 30 Nov, 2023 12:50pm

World

COP28 should seek total fossil fuel ‘phaseout’

UNITED NATIONS: The COP28 climate conference should aim for a complete “phaseout” of fossil fuels, UN...

Published 30 Nov, 2023 12:27pm

Markets

Major Gulf markets track oil prices lower

Major stock markets in the Gulf fell in early trade on Monday, tracking oil prices lower. Oil prices - a catalyst...

Published 27 Nov, 2023 03:07pm

Markets

UAE shares edge up on steady oil, Israel and Hamas truce

Stock markets in the United Arab Emirates rebounded from previous losses to close slightly up on Friday, supported...

Published 24 Nov, 2023 05:23pm

World

Fossil fuels in the crosshairs at pivotal COP28 talks

PARIS: World leaders will face a reckoning over humanity’s failure to curb climate-heating emissions and polluting...

Published 23 Nov, 2023 12:12pm

Business & Finance

First half of 2023: Emirates Group posts record $2.7bn profit

Says its keeping close watch on headwinds such as rising fuel prices, strengthening US dollar, inflationary costs and geo-politics

Updated 09 Nov, 2023 10:51pm

World

Gaza health crisis deepens for the chronically ill as war intensifies

Tahreer Azzam, a nurse at Makassed Hospital in east Jerusalem, has been caring for young, desperately-ill...

Published 08 Nov, 2023 11:48am

World

Saudi Arabia says will host Arab and Islamic summits to discuss Gaza conflict

In the short term, the objective of bringing these three summits and other gatherings under the leadership of Saudi Arabia would be to drive towards peaceful resolution of the conflict, says Saudi investment minister Khalid Al-Falih

Updated 08 Nov, 2023 01:50pm

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 warns against risk of regional spillover from Gaza war

ABU DHABI: Gulf Arab power the United Arab Emirates warned on Friday that there was a real risk of a regional...

Published 03 Nov, 2023 10:50am

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

World

Britain working for humanitarian pause in Gaza, foreign minister says

ABU DHABI: Britain is trying to arrange a temporary cessation of hostilities in the Gaza Strip so that more...

Published 30 Oct, 2023 03:27pm

World

India unlikely to join global cooling pledge at COP28

NEW DELHI/LONDON: India is unlikely to sign onto a global pledge to reduce cooling-related emissions at the COP 28...

Published 27 Oct, 2023 11:11am

Markets

Major Gulf bourses retreat on Gaza situation

Major stock markets in the Gulf fell in early trade on Monday amid heightened anxiety over escalating violence in...

Published 16 Oct, 2023 12:52pm

Markets

Oil dips below $90 a barrel as US agrees Venezuela deal

LONDON: Oil futures fell on Monday on reports that the U.S. had agreed a deal to ease sanctions on Venezuela, while...

Updated 16 Oct, 2023 08:06pm

World

Blinken to meet Saudi Crown Price on Sunday in Riyadh, US official says

RIYADH: US Secretary of State Antony Blinken will meeting Saudi Crown Prince Mohammed bin Salman in Riyadh on...

Updated 15 Oct, 2023 11:07am

World

Turkish, Emirati ministers discuss Israeli-Palestinian conflict: Turkish source

ANKARA: Turkish Foreign Minister Hakan Fidan discussed the fighting between Israeli and Palestinian forces with his...

Published 09 Oct, 2023 01:16am

Markets

Big Oil, heavy industry discuss emission curbs ahead of COP28

ABU DHABI: Major oil and gas company chiefs held discussions with heavy industry bosses on Sunday in the United Arab...

Published 02 Oct, 2023 10:22am

Markets

Cnergyico imports Pakistan’s first private-sector Russian crude cargo

KARACHI: Pakistan refiner Cnergyico has imported the country’s first private-sector shipment of Russian crude oil,...

Updated 02 Oct, 2023 03:50pm

Markets

First Abu Dhabi Bank to raise at least $750mn in dollar bonds

The United Arab Emirates’ largest lender, First Abu Dhabi Bank, is set to raise at least $750 million in Tier-2...

Published 26 Sep, 2023 04:47pm

BR Research

Remittances remain dreary

Pakistan key lifeline has been under pressure as drop in remittances continue in the ongoing fiscal year – signaling...

Published 13 Sep, 2023 08:53am

World

Modi hails Saudi ties after ‘historic’ route unveiled

NEW DELHI: India hailed its “strategic” partnership with oil-rich Saudi Arabia on Monday, days after unveiling a...

Published 11 Sep, 2023 03:40pm

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	6 ▲ 1.00 (20.00%)
Silk Bank Ltd / Dec 11 Silkbank Limited(SILK)	1.26 ▲ 0.16 (14.55%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.74 ▲ 0.55 (13.13%)
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	7.90 ▲ 0.79 (11.11%)
Pace (Pak) Ltd. / Dec 11 Pace (Pakistan) Limited(PACE)	2.83 ▲ 0.27 (10.55%)
Treet Corp. (R) / Dec 11 Treet Corporation Limited (R)(TREETR2)	4.27 ▲ 0.35 (8.93%)
Pervez Ahmed Co / Dec 11 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.91 ▲ 0.07 (8.33%)
Tri-Star Mutual / Dec 11 Tri-Star Mutual Fund Limited(TSMF)	5.48 ▲ 0.42 (8.30%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.89 ▼ -0.85 (-14.81%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	1.80 ▼ -0.20 (-10.00%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)
First Tri-Star Mod. / Dec 11 First Tri-Star Modaraba(FTSM)	13.88 ▼ -1.12 (-7.47%)
Dadex Eternit / Dec 11 Dadex Eternit Limited(DADX)	45.75 ▼ -3.69 (-7.46%)
Redco Textile / Dec 11 Redco Textiles Limited(REDCO)	6.30 ▼ -0.50 (-7.35%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.12
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.05
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.45
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.55
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	56,221,500 ▲ 0.65
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	49,685,000 ▲ 0.79
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.09
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.15
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	39,455,005 ▼ -1.55
Telecard Limited / Dec 11 Telecard Limited(TELE)	33,997,252 ▲ 0.41

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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