MENA - Business Recorder

MENA

Dubai Chambers attracts 101 digital startups in 2023

Dubai looks to 'activate role of private sector as key driver of sustainable economic growth'

Published 06 Dec, 2023 04:16pm

Middle East

Despite Gaza death toll soaring, US unlikely to rethink weapons supplies to Israel

WASHINGTON/LONDON/BEIRUT: Facing a soaring death toll from Israel’s renewed offensive in southern Gaza, the Biden...

Updated 06 Dec, 2023 04:23pm

Arts

10 prominent Pakistanis granted UAE Golden Visas

Ali Zafar, Maya Ali and Naseem Shah among many Pakistani celebrities who have received the coveted visa

Published 06 Dec, 2023 03:47pm

Middle East

UN climate chief slams ‘posturing’ in COP28 talks

DUBAI: UN climate chief Simon Stiell accused nations of “posturing” at the COP28 talks in Dubai on Wednesday and...

Published 06 Dec, 2023 03:07pm

Middle East

Israel, Hamas engage in fierce clashes in southern Gaza

GAZA: Israel’s military bombarded southern Gaza’s main city in what it said was the heaviest fighting since it began...

Published 06 Dec, 2023 03:02pm

Middle East

Israel reviewing strike that harmed Lebanese troops, army says

OCCUPIED JERUSALEM: The Israeli army said on Wednesday it was reviewing a strike that harmed Lebanese troops in...

Published 06 Dec, 2023 02:34pm

2023-12-06-02-36

COP28 fossil fuel battle hardens

DUBAI: Battle lines on fossil fuels hardened at UN climate talks on Tuesday despite scientists warning that global...

Published 06 Dec, 2023 04:27am

Middle East

Situation in Gaza 'getting worse by the hour': WHO

GENEVA: A World Health Organization official in Gaza said on Tuesday the situation was deteriorating by the hour as...

Updated 05 Dec, 2023 10:26pm

Middle East

More than 15,900 Palestinians killed in Gaza since Oct. 7: Palestinian health minister

RAMALLAH: More than 15,900 Palestinians, including 250 health workers, have been killed in Gaza since the outbreak...

Updated 05 Dec, 2023 10:13pm

Middle East

Qatar emir slams ‘shameful’ inaction on Gaza war

DOHA: Qatar’s ruler hit out at what he labelled “shameful” international inaction over the Israel-Hamas war in Gaza...

Published 05 Dec, 2023 05:35pm

Middle East

Israel expects difficult new stage in Gaza, sticks to war aims

JERUSALEM: Israel expects difficult fighting in the new phase of its war in Gaza but is open to “constructive...

Published 05 Dec, 2023 04:59pm

Middle East

COP28 draft agreement includes option to do nothing on fossil fuels

DUBAI: The UN released the latest draft of a global climate agreement on Tuesday presenting all options on fossil...

Published 05 Dec, 2023 04:31pm

Energy

Saudi Arabia says ‘absolutely not’ to oil phase down at COP28

DUBAI: Saudi Arabia’s energy minister has slammed the door shut to agreeing to phase down fossil fuels at the UN’s...

Published 05 Dec, 2023 04:22pm

Africa

Nigeria army drone strike accident kills 85 civilians

LAGOS: A Nigerian army drone strike accidently killed at least 85 civilians on Sunday in a village in northwest...

Published 05 Dec, 2023 01:13pm

Middle East

Iran says it is not involved in any actions against US military forces

DUBAI: Iran has not been involved in any actions or attacks against United States’ military forces, the country’s...

Published 05 Dec, 2023 12:20pm

Africa

A decade after Mandela’s death, his pro-Palestinian legacy lives on

JOHANNESBURG: Days after his release from 27 years in prison in February 1990, anti-apartheid icon Nelson Mandela...

Published 05 Dec, 2023 11:47am

Middle East

US, UN urge civilian protections, but Israel intensifies southern Gaza offensive

GAZA: Israeli forces pressed ahead with their air and ground bombardment of southern Gaza Strip, killing and...

Published 05 Dec, 2023 11:34am

Global CO2 emissions from fossil fuels to hit record high in 2023

DUBAI: Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year,...

Published 05 Dec, 2023 11:41am

Middle East

Israel orders Gazans out of swathes of Khan Younis

Israel ordered people out of swathes of the main southern city in the Gaza Strip on Monday as it pressed its ground...

Updated 04 Dec, 2023 10:19pm

Stocks

Saudi bourse eases on falling oil prices, Qatar extends losses

Saudi Arabia’s stock market ended lower on Monday, snapping four sessions of gains, on falling oil prices, while the...

Published 04 Dec, 2023 06:37pm

Africa

Tanzania flood, landslide death toll rises to over 50

DAR ES SALAAM: The death toll from floods and landslides in northern Tanzania following torrential rains over the...

Published 04 Dec, 2023 05:56pm

Middle East

Palestinians lose jobs as Israeli firms seek foreign replacements

When Taha Amin-Ismail Khalifeh dialled into a conference call with his Israeli employer last month, the Palestinian...

Published 04 Dec, 2023 05:09pm

Middle East

COP28’s UAE president says ‘we respect’ climate science

DUBAI: The Emirati president of the UN’s COP28 talks said Monday he respects climate science, after a leaked video...

Published 04 Dec, 2023 04:37pm

Middle East

Netanyahu graft trial resumes in Israel in midst of Gaza war

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu’s corruption trial resumed on Monday, despite the country’s...

Published 04 Dec, 2023 04:33pm

Middle East

UAE signs deal with Bill Gates’ nuclear company on advanced reactors: COP28

DUBAI: Bill Gates’ advanced nuclear reactor company TerraPower LLC and the United Arab Emirates’ state owned nuclear...

Published 04 Dec, 2023 11:56am

Africa

East Africa force starts withdrawal from Congo

GOMA (Congo): Scores of Kenyan troops flew out of eastern Democratic Republic of Congo on Sunday, marking the start...

Published 04 Dec, 2023 05:35am

Middle East

Top development banks at COP28 vow to up climate game, quiet on fossil fuels

DUBAI: Ten of the world’s top development banks pledged to step up their climate efforts at the COP28 summit, yet...

Updated 03 Dec, 2023 10:47pm

Middle East

White House says Israel ‘making effort’ to protect Gaza civilians

More than 700 Palestinians killed in Gaza during last 24 hours, according to Director General of Govt Media Office in Gaza
Death toll in Gaza since start of Israel’s military offensive reaches 15,523, says health ministry

Updated 03 Dec, 2023 09:35pm

Middle East

How climate change is making the world sick

DUBAI: Heat stress. Lung damage from wildfire smoke. The spread of disease-carrying mosquitoes into new regions as...

Updated 03 Dec, 2023 08:30pm

Middle East

Palestinian man killed in West Bank in Israeli settler raid

RAMALLAH: Israeli settlers attacked two Palestinian villages in the occupied West Bank late on Saturday, killing one...

Published 03 Dec, 2023 01:46pm

‘Most harmful industry on planet’: Designer Stella McCartney advocates sustainability at COP28

Fashion designer and climate activist Stella McCartney, who is in Dubai for COP28, spoke about sustainable fashion...

Published 02 Dec, 2023 11:39pm

MENA

On 52nd Union Day, UAE looks to ‘foster spirit of ambition in country’s youth’

As UAE celebrated its 52nd Union Day on Saturday, its president His Highness Sheikh Mohamed bin Zayed Al Nayhan said...

Updated 02 Dec, 2023 11:06pm

Middle East

117 countries agree to triple renewable energy, to push out fossil fuels: COP28

DUBAI: Some 117 governments pledged to triple the world’s renewable energy capacity by 2030 at the U.N.‘s COP28...

Updated 02 Dec, 2023 06:59pm

Middle East

US pledges $3 billion to green climate fund at COP28

DUBAI: Vice President Kamala Harris told the UN’s COP28 conference on Saturday that the United States will...

Published 02 Dec, 2023 05:10pm

Middle East

Turkiye's Erdogan rejects US pressure to cut Hamas ties

ISTANBUL: Turkish President Recep Tayyip Erdogan Saturday pushed back against mounting US pressure to cut Ankara’s...

Published 02 Dec, 2023 05:06pm

2023-12-02-03-01

Climate plans: Over 130 nations agree to include food, agriculture

DUBAI: More than 130 countries agreed to prioritise food and agriculture in their national climate plans at COP28 in...

Updated 02 Dec, 2023 03:51pm

Middle East

Countries to promise clean energy boost at COP28 to push out fossil fuels

DUBAI: Governments lined up a slew of energy announcements on Saturday at the U.N. climate summit in Dubai, where...

Published 02 Dec, 2023 02:04pm

Middle East

Renewed Gaza fighting stretches into second day after Israel-Hamas truce collapses

GAZA: Renewed fighting in Gaza stretched into a second day on Saturday after talks to extend a week-old truce with...

Published 02 Dec, 2023 01:12pm

Middle East

On COP28 sidelines, philanthropies invest $450 million to help tackle methane

DUBAI: Nearly a dozen deep-pocketed philanthropies announced on Saturday they will invest $450 million over the next...

Published 02 Dec, 2023 10:30am

2023-12-02-03-01

World Bank, UAE lead climate financing boost at COP28

DUBAI: Governments, development banks and companies announced on Friday initiatives to mobilise billions in climate...

Published 02 Dec, 2023 05:09am

2023-12-02-03-01

UN chief, COP28 president clash over future of fossil fuels

DUBAI: UN Secretary General Antonio Guterres urged world leaders at the COP28 climate summit to plan for a future...

Published 02 Dec, 2023 05:09am

2023-12-02-03-01

PM joins world leaders to discuss climate actions

DUBAI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Friday held informal interactions with multiple world ...

Published 02 Dec, 2023 05:09am

2023-12-02-03-01

Banks get carbon emissions standard they sought for stock, bond deals

LONDON: Banks will need to account for a third of the emissions linked to their capital markets deals when they...

Published 02 Dec, 2023 05:09am

Middle East

Israel resumes Gaza attacks as truce expires, heavy fighting reported

Gaza health officials report that at least 100 people have already been killed and dozens wounded in Israeli air strikes

Updated 01 Dec, 2023 10:20pm

Middle East

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

Middle East

Hezbollah says it’s ‘vigilant’ as Hamas-Israel fighting resumes

BEIRUT/OCCUPIED JERUSALEM: Lebanon’s Hezbollah said on Friday it was vigilant and ready as a resumption of fighting...

Published 01 Dec, 2023 07:39pm

Middle East

Turkiye’s Erdogan offers to host UN climate talks in 2026

DUBAI: Turkiye President Recep Tayyip offered Friday to host the United Nations COP31 climate conference in 2026....

Published 01 Dec, 2023 06:48pm

Middle East

COP28: war makes threats of water and food scarcity more severe: Jordan King

DUBAI: Jordan’s King Abdullah said on Friday that war makes threats of water and food scarcity more severe, in his...

Published 01 Dec, 2023 06:00pm

Middle East

COP28 advisory board member resigns over reports of UAE fossil fuel dealmaking

DUBAI: A member of the main advisory board of the COP28 climate summit resigned on Friday over reports that the UAE...

Published 01 Dec, 2023 05:11pm

Middle East

Qatar urges rapid international action to stop Gaza violence

DOHA: Qatar on Friday urged swift international action to stop violence in the Gaza Strip after renewed Israeli...

Published 01 Dec, 2023 03:18pm

Middle East

World leaders take COP28 stage as climate, Gaza share spotlight

DUBAI: World leaders descended on Dubai for UN climate talks on Friday, under pressure to step up efforts to limit...

Published 01 Dec, 2023 01:23pm

Middle East

Netanyahu says Israel committed to wartime objectives as fighting resumes

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu said on Friday that Hamas did not agree to release further...

Published 01 Dec, 2023 12:38pm

Middle East

Blinken says truce between Israel-Hamas is producing results

TEL AVIV: US Secretary of State Antony Blinken on Thursday said that a temporary truce between Israel and...

Updated 30 Nov, 2023 09:46pm

Middle East

COP28 opens with ‘historic’ launch of loss and damage fund

Talks in Dubai come at a pivotal moment for the planet, with emissions still rising
Caretaker PM Kakar will attend the World Climate Action Summit on December 1 and 2

Published 30 Nov, 2023 08:54pm

Middle East

Hundreds of new oil and gas projects approved despite climate crisis

PARIS: More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all...

Published 30 Nov, 2023 08:20pm

Middle East

Hamas claims responsibility for Jerusalem shooting

JERUSALEM: Hamas claimed responsibility for a shooting attack in Jerusalem that killed three people on Thursday,...

Published 30 Nov, 2023 06:50pm

Middle East

UN climate talks open in oil-rich UAE with pressure for urgent action

DUBAI: The UN climate conference opened Thursday with nations urged to make faster cuts to planet-warming emissions...

Published 30 Nov, 2023 06:38pm

MENA

COP28: everything you need to know as climate change conference kicks off in Dubai

Curtailing the use of fossil fuels and carbon emissions are expected to be topping the agenda of the 13-day summit

Published 30 Nov, 2023 04:25pm

Stocks

Major Gulf markets ease in early trade

Major stock markets in the Gulf were subdued in early trade on Thursday on volatile oil prices, while the Qatari...

Published 30 Nov, 2023 02:53pm

Africa

More than a million displaced in Somalia floods

MOGADISHU: More than a million people have been displaced in Somalia after the country was hit by severe flooding...

Published 30 Nov, 2023 01:26pm

Middle East

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

Asia

China calls for immediate ‘sustained humanitarian truce’ in Israel-Hamas conflict

BEIJING: China on Thursday called for a “sustained humanitarian truce” in the Israel-Hamas conflict, in a foreign...

Updated 30 Nov, 2023 12:22pm

Middle East

Israel and Hamas agree to extend temporary truce

GAZA/JERUSALEM: Israel and Hamas struck a last-minute agreement on Thursday to extend their six-day ceasefire by at...

Published 30 Nov, 2023 10:53am

Companies

Too big to ignore: this partner at Dubai-based VC firm has a ‘long-term view’ on markets like Pakistan

Sacha Haider, who sees 5-10 pitchdecks a week from different markets, believes UAE and Dubai’s B2G model is perfectly viable for Pakistan as well

Updated 30 Nov, 2023 10:28am

Middle East

Full Gaza ceasefire urged as truce expiry looms

GAZA STRIP: Efforts intensified Wednesday to extend a halt in deadly violence in Gaza as a truce was set to expire,...

Published 30 Nov, 2023 04:53am

Companies

Record for city: Dubai Taxi gets $41bn in orders for $315mn IPO

Offer massively oversubscribed
Final offer price set at Dh1.85, indicating a market value of Dh4.6 billion when company starts trading on the Dubai Financial Market on December 7

Published 30 Nov, 2023 12:22am

Middle East

Hamas says youngest hostage, relatives killed in previous Israeli air strike

CAIRO/JERUSALEM: Hamas said on Wednesday that 10-month-old child Kfir Bibas, his 4-year-old brother and their mother...

Published 29 Nov, 2023 07:47pm

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 6 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 6 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 6 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 6 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 6 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 6 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 6 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 6 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 6 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 6 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 6 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 6 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 6 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 6 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 6 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 6 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 6 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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