Trends - United Arab Emirates - Business Recorder

United Arab Emirates

UAE targets clean projects at 50% of energy mix by 2050

CAIRO: The United Arab Emirates aims to increase the share of clean energy projects to 50% of its overall energy mix...

Published 30 Oct, 2022 03:49pm

Sports

Hosts Australia ready to click in T20 World Cup defence

MELBOURNE: Defending champions Australia have had a patchy buildup to their T20 World Cup defence but few would dare...

Published 20 Oct, 2022 11:52am

World

UAE energy minister: OPEC+ output cut was correct decision, no politics behind it

ABU DHABI: The United Arab Emirates believes OPEC+ made the correct technical choice when it agreed to cut...

Published 18 Oct, 2022 03:33pm

Sports

Sri Lanka crush UAE at T20 World Cup despite Meiyappan hat-trick

GEELONG: Karthik Meiyappan lit up the Twenty20 World Cup with a hat-trick Tuesday but it was in vain as Sri Lanka...

Updated 18 Oct, 2022 05:09pm

Sports

Qatar to host 2023 Asian Cup after China’s Covid pull-out

KUALA LUMPUR: World Cup hosts Qatar will stage the 2023 Asian Cup, the Asian Football Confederation said on Monday,...

Published 17 Oct, 2022 11:57am

Sports

Classy Babar, in-form Kohli: Five to watch at T20 World Cup

NEW DELHI: Cricket's Twenty20 World Cup begins on Sunday in Australia with the game's biggest names primed to set...

Updated 13 Oct, 2022 01:23pm

World

UAE president to visit Putin in Moscow

ABU DHABI: The United Arab Emirates’ president will Tuesday visit his Russian counterpart Vladimir Putin, state...

Published 10 Oct, 2022 06:47pm

Business & Finance

Saudi Aramco to maintain full oil supplies to Asia in Nov despite OPEC+ cuts

SINGAPORE: Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude...

Published 10 Oct, 2022 10:57am

Pakistan

UN peacekeeping chief to visit Pakistan

UNITED NATIONS: The United Nations (UN) Under-Secretary-General for Peacekeeping Operations, Jean-Pierre Lacroix has...

Published 07 Oct, 2022 05:59am

Markets

Saudi bourse extends gains as OPEC+ mulls output cuts

Saudi Arabia stocks advanced on Wednesday for a seventh straight session, buoyed by prospects of OPEC+ producers...

Published 05 Oct, 2022 02:27pm

Markets

UAE non-oil private sector maintains strong growth in September

DUBAI: The United Arab Emirates’ non-oil private sector maintained brisk activity growth in September, albeit at a...

Published 05 Oct, 2022 11:45am

Technology

UAE's latest bet on tech: a ministry in the metaverse

DUBAI: The United Arab Emirates, which already boasts the world's tallest skyscraper and has launched a bold Mars...

Updated 03 Oct, 2022 01:55pm

World

United Arab Emirates to supply Germany with gas, diesel: report

ABU DHABI: The United Arab Emirates agreed Sunday an “energy security” agreement with Germany to supply liquefied...

Updated 25 Sep, 2022 07:15pm

Sports

West Indies recall Lewis for T20 World Cup, Russell and Narine left out

West Indies recalled opener Evin Lewis on Wednesday for the Twenty20 World Cup in Australia but excluded all-rounder...

Published 15 Sep, 2022 12:46pm

World

Iran wants closer ties with UAE: foreign minister

TEHRAN: Iran’s top diplomat said Wednesday his country wants to boost relations with the United Arab Emirates,...

Published 14 Sep, 2022 05:45pm

World

UAE H1 tourism revenues top $5bn

The United Arab Emirates' tourism revenues were 19 billion dirhams ($5.17 billion) in the first half of 2022, its...

Updated 11 Sep, 2022 02:44pm

Pakistan

Pakistan struggles to avert danger as floods rise, death toll tops 1,300

Water levels in the lake, to the west of the Indus river in the southern province of Sindh, remain dangerously high

Updated 05 Sep, 2022 06:22pm

World

Afghan refugees, migrants protest in UAE over uncertain future

DUBAI: Afghan refugees and migrants living in limbo at a United Arab Emirates (UAE) facility for nearly a year since...

Published 24 Aug, 2022 10:55am

Sports

India cricket coach Dravid has Covid ahead of Asia Cup

NEW DELHI: India coach Rahul Dravid tested positive for Covid-19 ahead of the team’s departure for the Asia Cup in...

Updated 17 Oct, 2022 02:43pm

World

UAE's non-oil trade grows 17% to top $288 billion in first half

CAIRO: The United Arab Emirates' non-oil trade hit 1.058 trillion dirhams ($288.06 billion) in the first half of...

Updated 22 Aug, 2022 08:57pm

Sports

ICC must protect Test, ODI formats amid rise of T20 leagues: Dev

Former India captain Kapil Dev has called on cricket’s governing body (ICC) to take steps to protect the Test and...

Updated 16 Aug, 2022 03:40pm

Sports

Pakistan-India cricket: a rivalry unmatched

KARACHI: When India and Pakistan were forged out of violent partition 75 years ago, the split also created one of...

Published 12 Aug, 2022 10:36am

World

UAE overturns prison sentence for American convicted of money laundering

DUBAI: A court in the United Arab Emirates on Wednesday overturned a prison sentence for US citizen and rights...

Published 10 Aug, 2022 03:45pm

World

Technical problem forces IndiGo plane to land in Karachi

NEW DELHI: India's biggest airline, IndiGo, diverted a plane to Karachi in Pakistan due to a "technical defect",...

Updated 17 Jul, 2022 09:25pm

World

UAE announces $2bn investment in India ‘food parks’ to ease shortages

JERUSALEM: The United Arab Emirates has pledged $2 billion to help develop a series of “food parks” in India to...

Published 14 Jul, 2022 03:38pm

World

Sri Lanka president hits airport standoff in escape attempt

COLOMBO: Sri Lanka's embattled president was stuck in his own country Tuesday in a humiliating standoff with airport...

Updated 12 Jul, 2022 01:34pm

World

Saudi Arabia, UAE boost spending to shield citizens from inflation

DUBAI: Saudi Arabia and the United Arab Emirates are boosting state spending on social welfare by billions of...

Published 05 Jul, 2022 03:31pm

Markets

Digital banking start-up YAP raises $41mn, plans to expand into Saudi Arabia

YAP says it has also received regulatory approval to launch services in Pakistan and Ghana, and that it would soon expand to Egypt

Updated 04 Jul, 2022 02:26pm

World

Israel, Arab countries deepen cooperation ahead of Biden visit

MANAMA: The United States, Israel and four Arab countries agreed to closer cooperation and annual foreign ministers’...

Published 27 Jun, 2022 06:04pm

World

Summer means suffering: how workers survive intense Gulf heat

DUBAI: Like millions of other migrant labourers in the Gulf, one of the world’s hottest and driest regions,...

Published 26 Jun, 2022 10:07am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Mar 22 Trust Modaraba(TRSM)	1.70 ▲ 0.48 (39.34%)
Pervez Ahmed Co / Mar 22 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.79 ▲ 0.09 (12.86%)
Punjab Mod / Mar 22 First Punjab Modaraba(FPJM)	1.55 ▲ 0.14 (9.93%)
Towellers Ltd. / Mar 22 Towellers Limited(TOWL)	219.34 ▲ 15.29 (7.49%)
Noon Sugar / Mar 22 Noon Sugar Mills Limited(NONS)	54.80 ▲ 3.78 (7.41%)
Hinopak Motor / Mar 22 Hinopak Motors Limited(HINO)	219.45 ▲ 15.05 (7.36%)
Data Textile / Mar 22 Data Textiles Limited(DATM)	3.66 ▲ 0.22 (6.40%)
D.S. Ind. Ltd. / Mar 22 D.S. Industries Limited(DSIL)	2.37 ▲ 0.11 (4.87%)
Dewan Farooque Sp. / Mar 22 Dewan Farooque Spinning Mills Limited(DFSM)	3.05 ▲ 0.13 (4.45%)
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	6.20 ▲ 0.25 (4.20%)

Stock	Price
First Elite Cap.Mod / Mar 22 First Elite Capital Modaraba(FECM)	2.62 ▼ -0.54 (-17.09%)
Jubilee Spinning / Mar 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.90 ▼ -0.51 (-14.96%)
Kohinoor Power / Mar 22 Kohinoor Power Company Limited(KOHP)	3.62 ▼ -0.37 (-9.27%)
Escorts Bank / Mar 22 Escorts Investment Bank Limited(ESBL)	3.16 ▼ -0.32 (-9.20%)
Samba Bank / Mar 22 Samba Bank Limited(SBL)	7 ▼ -0.60 (-7.89%)
Bilal Fibres / Mar 22 Bilal Fibres Limited(BILF)	2.27 ▼ -0.19 (-7.72%)
Dawood Lawrencepur / Mar 22 Dawood Lawrencepur Limited(DLL)	201.17 ▼ -16.26 (-7.48%)
Quetta Textile / Mar 22 Quetta Textile Mills Limited(QUET)	15.75 ▼ -1.27 (-7.46%)
JS Global Cap. / Mar 22 JS Global Capital Limited(JSGCL)	300.10 ▼ -23.90 (-7.38%)
Sapphire Textile / Mar 22 Sapphire Textile Mills Limited(SAPT)	977 ▼ -77.26 (-7.33%)

Stock	Volume
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	15,467,000 ▲ 0.14
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	6,046,419 ▲ 0.02
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.05
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.17
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▼ -0.06
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.01
TPL Properties / Mar 22 TPL Properties Limited(TPLP)	4,391,678 ▼ -0.01
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	4,311,148 ▲ 0.16
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	4,273,685 ▲ 0.25
Loads Limited / Mar 22 Loads Limited(LOADS)	4,188,000 ▼ -0.16

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	283.70
USD PKR Interbank Buying / Mar 22	283.25
USD to Japanese Yen / Mar 22	132.42
USD to Swiss Franc / Mar 22	0.92
Pound Sterling to USD / Mar 22	1.22
Euro to USD / Mar 22	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
Nasdaq / Mar 21	11860.11
FTSE 100 / Mar 21	7536.22
Dow Jones / Mar 21	32560.60
Germany DAX 30 / Mar 21	15195.34
France CAC40 / Mar 21	7112.91
India Sensex / Mar 22	58196.91
Tokyo Nikkei / Mar 22	27459.77
Hang Seng / Mar 22	19685.51

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Crude Oil USD/Barrel / Mar 22	69.01
Gold Spot USD/Ounce / Mar 22	1940.41
Cotton US¢/pound / Mar 22	77.98

United Arab Emirates

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