Trends - United Arab Emirates - Business Recorder

United Arab Emirates

UAE takes back condition of Covid-19 vaccine attestation for Pakistani travellers

Travellers will only be required to carry vaccination certificate issued by NADRA, once flight operation from Pakistan is resumed

Updated 15 Jul, 2021 08:54pm

World

Blaze at Dubai port after loud blast under control

Dubai police says three of the 130 containers on the ship held flammable materials

Updated 08 Jul, 2021 10:00am

World

Saudi suspends UAE flights due to virus variant

Saudi citizens and residents returning from these countries will be required to quarantine for 14 days.

Published 03 Jul, 2021 03:46pm

Pakistan

Philippines extends ban on inbound travel from several countries including Pakistan

Philippines president has prolonged partial coronavirus curbs in the capital and nearby provinces until mid-June
Extends ban on inbound travel from India, Pakistan, Sri Lanka, Bangladesh, Nepal, Oman, UAE until June 15

Published 01 Jun, 2021 03:38pm

Markets

Major Gulf stocks mixed; UAE, Saudi set for monthly gain

Abu Dhabi and Dubai stocks have gained more than 29% and 12%, respectively, this year following the end of a political rift with Qatar, improving business activities and analysts' expectations of property prices.

Published 31 May, 2021 01:55pm

World

Qatar sees positive stance in talks to mend UAE ties

DUBAI: Qatar has held several rounds of talks with the United Arab Emirates to mend fences following an agreement to...

Published 31 May, 2021 03:12am

Markets

Major Gulf stocks little changed, Dubai nudges higher

Qatar's index edged down 0.2% after three session of gains triggered by easing COVID-19 restrictions.

Published 30 May, 2021 01:56pm

Pakistan

FM Qureshi leaves for Iran after winding up three-day UAE visit

Qureshi says the visit will provide him an opportunity to discuss the regional situation with the Iranian leadership
Afghan peace process holds importance for Iran just like Pakistan as it is the neighbor of Afghanistan: FM

Updated 20 Apr, 2021 02:10pm

World

UAE is mediating between India and Pakistan, says senior diplomat

Ambassador Yousef Al Otaiba says UAE played a role “in bringing Kashmir escalation down and created a ceasefire
Ties between India and Pakistan have been frozen since a suicide bombing of an Indian military convoy in Kashmir in 2019

Published 15 Apr, 2021 02:16pm

World

Israel sends Jordan extra water thanks to ‘US pressure’

AMMAN: Jordan, reliant on Israel for water, has obtained additional supplies from the Jewish state ahead of an...

Updated 15 Apr, 2021 10:09am

World

IMF raises most Gulf countries' economic growth forecasts

Saudi Arabia's economy, the region's largest, is expected to grow 2.9% this year, up from the 2.6% forecast in January, the IMF said in its latest World Economic Outlook, released this week.
Oman saw the biggest positive revision of the Gulf countries, from expectations of a 0.5% contraction this year to a forecast of 1.8% growth.

Published 07 Apr, 2021 05:46pm

World

UK begins rollout of Moderna Covid vaccine in Wales

The United Kingdom has vaccinated 31.6 million people with a first dose of a COVID-19 vaccine - and administered 5.5 million second doses. It will shortly have vaccinated half of its total population.

Published 07 Apr, 2021 11:01am

World

Philippines probes immigration officers over trafficking women to Syria

Millions currently work legally and illegally in a wide range of jobs overseas.

Published 24 Mar, 2021 12:12pm

World

Libya arms embargo 'totally ineffective': UN report

Turkey and Qatar, which support the authorities in Tripoli, have also been named by the experts.

Published 17 Mar, 2021 10:53am

Markets

Most major Gulf markets rise; Dubai dips

The index's gains, however, were capped by losses in banking shares led by a 2.5% fall in Doha Bank, which traded ex-dividend.

Published 16 Mar, 2021 01:18pm

Netanyahu shelves UAE trip

OCCUPIED JERUSA-LEM: Israeli Prime Minister Benjamin Netanyahu cancelled a historic visit to the United Arab ...

Updated 12 Mar, 2021 10:07am

Sports

Asian Champions League East Zone matches postponed due to COVID-19

East Zone matches were due to take place from April 21 to May 7 but have been moved back until June/July, the AFC said. Thailand will host matches in three East Zone groups, while the venues for the other two groups are yet to be decided.

Published 11 Mar, 2021 12:42pm

World

Netanyahu to visit UAE on Thursday

There was no immediate confirmation of the trip, which Netanyahu postponed last month due to the coronavirus pandemic, from the Israeli prime minister's office or the UAE.
Israel's Haaretz newspaper said Netanyahu would meet Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan during the visit.

Published 10 Mar, 2021 06:37pm

World

United Arab Emirates attracts corporate billions to climb tax-haven ranking

The index by the Tax Justice Network, which documents countries that attract companies to shrink their tax bills, added the United Arab Emirates to its top-10 ranking, which includes Switzerland and Bermuda.
You don't need to be a tax expert to see why a global tax system programmed by a club of rich tax havens is haemorrhaging over $245 billion in lost corporate tax a year.

Updated 09 Mar, 2021 09:31pm

World

Mali, Emirates facilitated Venezuelan gold trade in 2020, opposition says

The gold was refined in Mali and then resold primarily in the United Arab Emirates (UAE) to allow for Maduro's administration to obtain the equivalent of at least $1 billion in euros in particular.
We are requesting that US and European authorities make their system for dismantling these types of organized crime groups more sophisticated.

Updated 04 Mar, 2021 09:53pm

Markets

Venezuela opposition accuses government of illegal gold sales

Borges said the UAE was the "nerve center of this great theft of Venezuela's riches."

Published 04 Mar, 2021 11:03am

Markets

UAE non-oil private sector grows at marginal pace in February

The new restrictions led to expectations for future output remaining subdued despite the vaccine rollout.

Published 03 Mar, 2021 10:36am

World

First UAE ambassador to Israel takes up post

OCCUPIED JERUSALEM: Israel’s president on Monday formally received the first-ever ambassador from the United Arab...

Published 02 Mar, 2021 05:50am

World

UAE supports Saudi position on U.S. Khashoggi report - state news agency

The UAE’s foreign ministry “expressed its confidence in and support for the Saudi judiciary rulings, which affirm the kingdom’s commitment to implementing the law in a transparent and impartial manner, and holding all those involved in this case accountable,” WAM said.

Published 27 Feb, 2021 06:01pm

World

US nears 500,000 Covid deaths

Though concern has grown over variants of the virus, especially those that appear to spread more easily and render current shots less potent, Fauci sounded a hopeful note on whether another surge was coming.

Published 22 Feb, 2021 10:54am

Markets

Dana Gas seeks around $500mn to fund output expansion

Dana plans to raise its capacity in the Kurdistan Region of Iraq (KRI) to 900 million standard cubic feet per day (mmscfd) with two processing trains of 250 mmscfd each.
The total scope that we're looking at is probably another $500 million. But that would ... be split up between hopefully contractor financing, some bank debt and maybe this green bond.

Published 17 Feb, 2021 05:42pm

Markets

Dana Gas posts 2020 net loss of $376 million

Following the sharp decline in oil prices and associated negative effects as a result of the COVID-19 pandemic.

Published 11 Feb, 2021 12:38pm

Markets

UAE's top bank to debut in euro market amid Gulf bonds deluge

Borrowers in the oil-dependent region have been tapping global debt markets at cheap rates this year as abundant global liquidity pushes investors to hunt for higher-yielding assets.
Regional borrowers are also helped by an upbeat market view of economic recovery from the pandemic, bankers say.

Published 08 Feb, 2021 08:22pm

Markets

Oil lifts Saudi shares; other Gulf indexes fall

Saudi gains for third consecutive session.
Spike in coronavirus cases hits UAE stocks.
Dubai falls for fourth straight session.

Published 08 Feb, 2021 08:21pm

Markets

UAE's largest bank FAB to tap euro bond market with debut deal

FAB hired Barclays, First Abu Dhabi Bank, JPMorgan, Societe Generale and Standard Chartered, the document from one of the banks showed.

Published 08 Feb, 2021 06:01pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Petrol/Litre / May 2	288.49
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Diesel/Litre / May 2	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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