Trends - United Arab Emirates - Business Recorder

United Arab Emirates

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

World

UAE significantly slashed funding for Palestinian refugee agency in 2020

The United Arab Emirates drastically reduced funding to the United Nations Agency for Palestinian Refugees (UNRWA) in 2020, as it signed a U.S-brokered normalisation accord with Israel.
The Gulf state contributed $51.8 million to the refugee agency in 2018 and 2019, but it reduced that contribution by an unprecedented margin in 2020, down to a mere $1 million.

Updated 08 Feb, 2021 10:25am

World

Egypt frees Al Jazeera journalist after Qatar thaw

CAIRO: Egypt has freed a journalist for Qatar's Al Jazeera, a security source said Friday, after four years in jail...

Published 06 Feb, 2021 04:06am

World

Kuwait bans entry for non-citizens, Saudi Arabia cancels events

The Saudi Interior Ministry said in a statement early Thursday that entertainment activities and events as well as in-restaurant dining would be suspended for 10 days, open to renewal.

Published 04 Feb, 2021 10:59am

Business & Finance

Dubai house prices to drop at slower pace

When asked what would be the primary driver of housing market activity this year, nine property analysts said a successful vaccine rollout and an economic recovery. One said fiscal stimulus and another said monetary policy.

Published 31 Jan, 2021 01:52pm

World

Italy makes permanent arms sale freeze to Saudi Arabia

ROME: Italy on Friday revoked approval for arms sales to Saudi Arabia and the United Arab Emirates over the conflict...

Published 30 Jan, 2021 03:55am

World

Secretary of State Blinken says US committed to Israel's security

The so-called Abraham Accords is a US-brokered agreement to normalize diplomatic ties between Israel and Arab and Muslim countries.

Published 28 Jan, 2021 10:42am

World

Israeli sex tourists aggravate UAE's human trafficking ordeal

The main victims of human trafficking hail from India, Pakistan, China, and Bangladesh
Most migrants are compelled to sign employment contracts in a language they’re unable to read and thus agreeing to conditions and wages far lower than they had been promised
Traffickers employ many tactics to force women to work, often locking the victims in small rooms without food or water and subjecting them to physical and verbal abuse

Published 27 Jan, 2021 01:06pm

World

Dubai replaces health authority chief as UAE sees surge in COVID-19 cases

Sheikh Mohammed bin Rashid al-Maktoum appointed Awad Saghir al-Ketbi as the new director general of the Dubai Health Authority, replacing Humaid al-Qutami.
The country has largely removed coronavirus restrictions with the exception of face masks in public and social distancing.

Published 25 Jan, 2021 06:42pm

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 cabinet approves setting up embassy in Tel Aviv

A statement from the Israeli foreign ministry said Israel’s embassy in Abu Dhabi officially opened on Sunday with the arrival of the country’s envoy there, albeit in a temporary location until permanent premises are found.

Published 25 Jan, 2021 10:23am

Israeli cabinet approves deal upgrading ties with Morocco

OCCUPIED JERUSALEM: Israel's cabinet on Sunday approved a deal to upgrade ties with Morocco, the fourth Arab country...

Published 25 Jan, 2021 04:23am

World

Denmark suspends UAE flights over virus test concerns

All air passengers arriving in Denmark need to show a negative virus test from the previous 24 hours.
The flight ban will run from Friday until Wednesday, during which time Denmark will not accept any negative tests from the UAE.

Published 22 Jan, 2021 05:41pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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