MENA - Business Recorder

Middle East

Gunmen kill policeman in Iran’s southeast: state media

TEHRAN: Gunmen shot dead a policeman and wounded his wife in Iran’s restive southeastern province of...

Published 28 May, 2022 02:33pm

Why do startups like setting up shop in Dubai?

Businesses thrive in Dubai, which would explain why it was just announced that more than 3,000 new member companies...

Updated 27 May, 2022 04:15pm

Middle East

Iran urges Biden to ditch Trump strategy for nuclear deal

DAVOS: Iran’s foreign minister on Thursday urged US President Joe Biden to lift economic sanctions and abandon his...

Published 27 May, 2022 07:30am

Middle East

Iraq makes it illegal to attempt normalising ties with Israel

BAGHDAD: Iraq’s parliament approved a law on Thursday that will ban normalizing relations with Israel, at a time...

Published 27 May, 2022 07:30am

Dubai designated as best coastal city break destination

Dubai has been named the world’s best coastal city break in a study by Compare the Market, reported The National....

Published 26 May, 2022 06:39pm

Middle East

Turkey says warming Israel ties will help Palestinians

JERUSALEM: Turkey’s diplomatic thaw with Israel will help the Palestinians, Foreign Minister Mevlut Cavusoglu said...

Published 26 May, 2022 07:13am

Middle East

Iraqi boy eludes security to board Iran-bound plane

NAJAF: Iraqi aviation authorities have been left red-faced after a 10-year-old boy on his own boarded an Iran-bound...

Published 26 May, 2022 07:13am

UAE wins contract to operate Afghan airport ground services

The United Arab Emirates has won a contract to operate ground services at three airports in Afghanistan, UAE...

Updated 25 May, 2022 05:58pm

Middle East

UAE announces Gulf’s first known case of monkeypox

DUBAI: The United Arab Emirates became the first Gulf country to announce a case of monkeypox on Tuesday, insisting...

Published 25 May, 2022 04:40am

Middle East

Saudi fiscal sustainability will target reserves not falling below certain percentage of GDP: finance minister

DAVOS: Saudi Arabia’s policy on fiscal sustainability would ensure that reserves do not fall below a certain...

Published 24 May, 2022 09:52pm

Middle East

Saudi foreign minister says some progress in talks with Iran

DUBAI: Saudi Arabia’s foreign minister said on Tuesday that there had been some progress in talks with Iran but “not...

Published 24 May, 2022 08:45pm

South Asia

Taliban to sign pact with UAE on running Afghan airports

KABUL: The Taliban will sign an agreement with the United Arab Emirates (UAE) on operating airports in Afghanistan,...

Updated 24 May, 2022 03:47pm

Middle East

Two killed, 120 injured in Abu Dhabi gas explosion

ABU DHABI: Two people were killed and 120 injured in a gas cylinder explosion in a restaurant in the United Arab...

Updated 24 May, 2022 01:46pm

Middle East

Death toll rises to 10 after building collapses in Iran’s Abadan city

DUBAI: The death toll from a building collapse in the southern Iranian city of Abadan has reached 10, with some...

Published 24 May, 2022 12:13pm

Middle East

Iraq sandstorm grounds flights, sends 1,000 to hospitals

BAGHDAD: Iraq closed public buildings and temporarily shut airports Monday as another sandstorm — the ninth since...

Published 24 May, 2022 06:13am

Middle East

Iraq sandstorm grounds flights, sends 1,000 to hospitals

BAGHDAD: Iraq closed public buildings and temporarily shut airports Monday as another sandstorm – the ninth since...

Published 23 May, 2022 10:16pm

Middle East

Saudi crown prince planning international trip soon

RIYADH: Saudi Crown Prince Mohammed bin Salman is planning a trip to Turkey, Cyprus, Greece, Jordan and Egypt where...

Published 23 May, 2022 09:51pm

Middle East

Saudi announces weekly international flights to NEOM megacity

RIYADH: Saudi Arabia’s main airline will next month start operating weekly international flights from the kingdom’s...

Published 23 May, 2022 07:37pm

MENA

‘Metaverse’ is the future of tech, and Dubai does not want to be left behind

Dubai hopes the metaverse sector will contribute $4 billion to its economy by 2030

Updated 23 May, 2022 06:24pm

Middle East

Oman, Iran sign trade deals during president visit

MUSCAT: Iran’s President Ebrahim Raisi arrived in Oman on Monday as the two countries signed a string of trade deals...

Published 23 May, 2022 05:41pm

Middle East

Revolutionary Guards say colonel killed in Tehran

DUBAI: Iran’s Revolutionary Guards said on Sunday that one of its officers, Colonel Sayad Khodai, was killed in a...

Published 23 May, 2022 08:02am

Middle East

Hamas warns against ‘flag march’ in occupied east Jerusalem

GAZA CITY, (Palestinian Territories): Hamas leader Ismail Haniyeh warned Sunday against a planned march by Jewish...

Published 23 May, 2022 07:19am

Middle East

Arab MP returns to Israel coalition after briefly quitting

OCCUPIED JERUSALEM: A left-wing Arab-Israeli lawmaker who quit the governing coalition last week, citing grievances...

Published 23 May, 2022 07:19am

Africa

UN accuses DRCongo militia of attack on peacekeepers

GOMA, DR Congo: A top UN official on Sunday accused the M23 militia force active in the Democratic Republic of Congo...

Published 23 May, 2022 02:08am

Middle East

Revolutionary Guards say colonel assassinated in Tehran

DUBAI: Iran’s Revolutionary Guards said on Sunday that one of its officers, Colonel Sayad Khodai, was killed in a...

Published 22 May, 2022 09:09pm

Middle East

Saudi billionaire prince to sell 16.87% of firm to sovereign fund

RIYADH: A Saudi billionaire detained in a 2017 anti-graft crackdown is to sell a 16.87-percent stake of his company...

Published 22 May, 2022 06:43pm

Middle East

Lebanon cabinet passes financial recovery plan during last session

BEIRUT: The cabinet of bankrupt Lebanon, at its final session on Friday, passed a financial recovery plan needed to...

Published 22 May, 2022 06:03am

Middle East

Israeli forces kill Palestinian teen ‘militant’ during clash

RAMALLAH, West Bank, May 21 (Reuters) - Israeli forces shot and killed a 17-year-old Palestinian militant in clashes...

Published 22 May, 2022 06:03am

Middle East

Qatari FM says Iran open for a compromise on nuclear file

DOHA: Qatar’s foreign minister said on Saturday in remarks cited by al Jazeera TV that the Iranian leadership...

Published 22 May, 2022 06:03am

Energy

Germany, Qatar sign energy partnership agreement

BERLIN: Germany and Qatar signed on Friday a declaration to deepen their energy partnership, with a focus on trade...

Published 20 May, 2022 04:59pm

Middle East

Dubai ruler dissolves Dubai World financial disputes tribunal

DUBAI: Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said on Friday he had issued a decree dissolving a tribunal...

Published 20 May, 2022 02:02pm

Middle East

Iran’s security forces clash with anti-govt protesters

DUBAI: Iranian security forces fired live rounds and tear gas to disperse anti-government protesters in several...

Published 20 May, 2022 06:32am

Energy

ADNOC announces three new oil discoveries

Abu Dhabi National Oil Company (ADNOC) on Thursday announced three oil discoveries including one at Bu Hasa, Abu...

Published 19 May, 2022 09:44pm

Middle East

Biden, Saudi crown prince may meet for first time as soon as next month

WASHINGTON: U.S. President Joe Biden and Saudi Arabian Crown Prince Mohammed bin Salman could meet for the first ...

Published 19 May, 2022 09:15pm

Middle East

Israel fires missile defenses near Lebanon after misidentification

JERUSALEM: Israel activated its missile defenses on Thursday after mistakenly identifying a threat near the border...

Published 19 May, 2022 11:59am

Middle East

Iran hostage taker kills three, takes own life

TEHRAN: A disgruntled employee of a huge Iranian foundation killed three of his colleagues before taking his own ...

Published 19 May, 2022 06:14am

Middle East

World’s tallest building engulfed as Mideast sandstorms hit UAE

DUBAI: The world’s tallest building disappeared behind a grey layer of dust on Wednesday as sandstorms that have...

Published 19 May, 2022 05:29am

Middle East

World's tallest building engulfed as Mideast sandstorms hit UAE

DUBAI: The world's tallest building disappeared behind a grey layer of dust on Wednesday as sandstorms that have...

Published 18 May, 2022 06:51pm

Europe

Qatar to invest an extra $5bn in Spain

MADRID: Qatar on Wednesday said it plans to invest an additional $5 billion in Spain on the second day of a state...

Published 18 May, 2022 06:39pm

Energy

UAE’s Fujairah marine fuel sales drop in April

SINGAPORE: Sales of marine fuel in the United Arab Emirates’ Fujairah marine refuelling and oil storage hub dropped...

Published 18 May, 2022 10:30am

Founded in Dubai, expanded to Pakistan: Bagallery has more countries on its horizon

DUBAI: Before the pandemic, online shopping was still a growing sector in Pakistan. When the lockdowns ensued, ...

Updated 18 May, 2022 10:20am

Middle East

Iran says French pair held for trying to stir unrest

TEHRAN: Iran on Tuesday said it arrested two French nationals this month for allegedly attempting to foment unrest ...

Published 18 May, 2022 06:59am

Middle East

Hezbollah lose ground, reformists surge in Lebanon polls

BEIRUT: Shia group Hezbollah and its allies lost their majority in Lebanon’s parliament, official results showed...

Published 18 May, 2022 06:59am

Middle East

Qatar emir visits Spain as EU eyes gas alternatives

MADRID: Qatar’s emir began a state visit to Spain on Tuesday as Europe seeks to diversify its natural gas supply...

Published 17 May, 2022 06:00pm

Middle East

First commercial flight in 6 years leaves Yemen’s rebel-held capital

SANAA: The first commercial flight in nearly six years took off from Yemen’s rebel-held capital Monday, a major...

Published 17 May, 2022 06:29am

Middle East

Iran’s foreign minister makes rare visit to UAE to pay respects

DUBAI: Iran’s top diplomat has travelled to the United Arab Emirates (UAE)on Monday to pay his respects after the...

Published 17 May, 2022 06:29am

Middle East

Saudi denies NEOM megacity will be ‘country within a country’

RIYADH: Saudi Arabia on Monday rejected claims that its planned futuristic megacity known as NEOM will have ...

Published 17 May, 2022 06:29am

Middle East

Lebanon’s Hezbollah, allies likely to lose parliamentary majority

BEIRUT: Iran-backed Hezbollah and its allies are likely to lose their majority in Lebanon’s parliament following...

Published 17 May, 2022 06:29am

Middle East

Saudi denies NEOM megacity will be ‘country within a country’

RIYADH: Saudi Arabia on Monday rejected claims that its planned futuristic megacity known as NEOM will have...

Published 16 May, 2022 08:30pm

Middle East

First commercial flight takes off from Sanaa, raising hopes for Yemen peace

SANAA: Yemen’s national airline operated on Monday its first commercial flight from the capital Sanaa since 2016,...

Published 16 May, 2022 07:17pm

Middle East

Iran hopes for expansion of ties with new UAE president

TEHRAN: Iran said Monday it hopes to expand ties with the United Arab Emirates after Sheikh Mohamed bin Zayed Al...

Published 16 May, 2022 07:14pm

Middle East

Kamala Harris leads high-level US team to meet new UAE leader

ABU DHABI: US Vice President Kamala Harris was Monday leading a high-level delegation to meet the United Arab...

Published 16 May, 2022 06:14pm

Middle East

Iran’s foreign minister to visit UAE on Monday

DUBAI: Iran’s top diplomat is expected to visit the United Arab Emirates on Monday, the Iranian foreign ministry...

Published 16 May, 2022 01:02pm

Middle East

Saudi King Salman leaves hospital after tests: state media

RIYADH: Saudi Arabia’s ageing King Salman has left the hospital one week after being admitted for tests, including a...

Published 16 May, 2022 10:36am

Middle East

Palestinians mourn Israel’s creation amid outcry over funeral raid

OCCUPIED JERUSALEM: Palestinians rallied Sunday to mark the “Nakba,” or catastrophe, 74 years after Israel’s...

Published 16 May, 2022 05:42am

Middle East

Lebanon holds first parliament election since financial collapse, blast

BEIRUT: Lebanese voted on Sunday in the first parliamentary election since the country’s economic collapse, with...

Published 16 May, 2022 05:42am

Aviation industry’s scars run deep, but have started to heal after pandemic

Experts at Dubai’s Arabian Travel Market event highlight lessons learnt from Covid

Published 16 May, 2022 05:42am

Commodities

UAE telecoms group e& buys 9.8pc stake in Vodafone for $4.4bn

DUBAI/LONDON: United Arab Emirates-based telecoms company e& has bought a 9.8% stake in Vodafone for $4.4...

Published 15 May, 2022 06:43am

2022-05-15-02-59

Mohamed bin Zayed now UAE president

ABU DHABI: The UAE’s long-time de facto ruler Sheikh Mohamed bin Zayed Al Nahyan was elected as president on...

Published 15 May, 2022 05:35am

Middle East

UAE president Sheikh Khalifa bin Zayed dies

DUBAI: United Arab Emirates President Sheikh Khalifa Bin Zayed Al Nahyan has died, the Ministry of Presidential...

Updated 13 May, 2022 07:54pm

Dubai airport posts busiest quarter in two years

DUBAI: Dubai International Airport, one of the world's leading air hubs, reported on Thursday its busiest quarter in...

Published 12 May, 2022 11:32am

Real Estate

Dubai's prime residential properties have seen a price-surge of nearly 60% in 12 months

Emirate has also seen record-breaking 93 ‘ultra-prime home’ sales in 2021

Updated 11 May, 2022 10:43pm

Middle East

Qatar’s emir to travel to Tehran on Thursday

DUBAI: Qatar’s emir will travel to Tehran on Thursday, Iran’s official IRNA news agency reported. Reuters reported...

Published 11 May, 2022 12:45pm

Middle East

Kuwait’s crown prince finally accepts government’s resignation

KUWAIT: Kuwait’s Crown Prince Sheikh Meshal al-Ahmad al-Sabah finally accepted the resignation submitted by the...

Updated 10 May, 2022 02:14pm

Stocks

Most Gulf bourses track oil prices, Asian stocks lower

Most stock markets in the Gulf fell in early trade on Tuesday, mirroring weakness in global shares and oil prices,...

Published 10 May, 2022 01:15pm

Foreign food delivery drivers stage rare strike in Dubai

Foreign food-delivery workers in the United Arab Emirates staged a mass walk out on Monday, calling for better pay...

Published 10 May, 2022 11:19am

Middle East

Iran confirms upcoming visit of Qatar’s Emir to Tehran

DUBAI: Qatar’s Emir will visit Iran soon, Iran’s foreign ministry spokesperson Saeed Khatibzadeh confirmed on Monday...

Published 09 May, 2022 11:43am

Energy

Growth in Saudi non-oil private sector still robust in April

DUBAI: Saudi Arabia’s non-oil private sector continued to see robust growth in April, albeit at a slower pace than...

Published 09 May, 2022 11:35am

2022-05-09-02-50

King Salman to remain in hospital after colonoscopy

RIYADH: Saudi Arabia’s ageing King Salman will remain in hospital after undergoing tests including a colonoscopy,...

Published 09 May, 2022 05:39am

Middle East

Saudi king to stay in hospital after undergoing colonoscopy

Saudi Arabia’s King Salman bin Abdulaziz will stay in hospital for some time to rest on doctors’ advice after...

Updated 08 May, 2022 09:50pm

MENA

Dubai’s ‘aftercare’ for investors to keep FDI momentum going: experts

Dubai, already among the top cities in the world in terms of pulling in foreign direct investment (FDI), is ...

Updated 06 May, 2022 09:31pm

Middle East

Saudi-led coalition frees Yemen rebels in peace gesture

RIYADH: The Saudi-led military coalition fighting Yemen’s Houthi insurgents announced Friday it was freeing a batch...

Published 06 May, 2022 03:46pm

Companies

Emirates A380 planes pay homage to Dubai’s Museum of the Future

The first Emirates A380 to sport the new livery was set to fly to Los Angeles, US on May 5

Published 06 May, 2022 01:00am

Middle East

New clashes at Jerusalem’s Al-Aqsa mosque compound

JERUSALEM: Clashes erupted between Israelis and Palestinians at Jerusalem’s Al-Aqsa mosque compound on Thursday,...

Published 05 May, 2022 02:00pm

Africa

Third Ebola case confirmed in northwest Congo, WHO says

DAKAR: Health authorities have confirmed a third Ebola case in the city of Mbandaka in northwest Democratic Republic...

Published 05 May, 2022 01:14pm

Middle East

Saudis feel ‘let down’ by US over Houthi security threats, says senior royal

DUBAI: Saudi Arabia feels “let down” by the United States in tackling security threats to the kingdom and wider...

Published 02 May, 2022 04:22pm

Africa

Eight dead, 23 rescued in Nigeria building collapse

LAGOS: A three-storey mainly residential building has collapsed in Nigeria’s commercial capital Lagos, killing eight...

Published 02 May, 2022 01:29pm

Eid-ul-Fitr to begin in Saudi Arabia on Monday

Pakistan's moon sighting body to meet on Sunday

Published 30 Apr, 2022 09:38pm

Real Estate

DAMAC Properties looks to cash in as Dubai embraces cryptocurrency

Luxury real estate developer announces will make it easier for cryptocurrency holders to buy real estate property

Updated 30 Apr, 2022 03:18am

Middle East

How Dubai’s tourism college helps it meet travellers’ evolving needs

DUBAI: In the last decade, Dubai has cemented its place as one of the world’s top tourist destinations. With an...

Updated 28 Apr, 2022 08:16pm

MENA

Dubai launches $100m Venture Debt Fund for Startups

Comes into effect in June and will provide capital to small- and medium-startup projects

Published 28 Apr, 2022 06:27pm

Middle East

Palestinian shot dead by Israeli forces in West Bank: Palestinian ministry

RAMALLAH: A Palestinian died Tuesday after Israeli forces stormed a refugee camp in the occupied West Bank, the...

Published 26 Apr, 2022 02:32pm

Dubai's $1.4bn Atlantis The Royal could be city's most luxurious offering

Will have 800 rooms, 230 apartments and 17 restaurants

Updated 25 Apr, 2022 09:22pm

Stocks

Aramex shares boost Dubai index, Abu Dhabi gains marginally

Dubai's index ended higher on Friday boosted by shares of logistics firm Aramex, while gains in Abu Dhabi were muted...

Published 25 Apr, 2022 02:07pm

Abu Dhabi licences Kraken to operate crypto exchange

DUBAI: Abu Dhabi Global Market (ADGM) said on Monday it has licenced the Kraken group to operate a regulated virtual...

Published 25 Apr, 2022 12:50pm

MENA

Cracking down on plastic waste: ‘Dubai Can’, but what about Pakistan?

On a mission to reduce plastic waste, the Dubai Can initiative features, among other things, water stations ...

Updated 21 Apr, 2022 01:42pm

UAE proposes schedule for first local currency T-bonds

DUBAI: The United Arab Emirates will soon sell UAE proposes schedule for first local currency T-bonds denominated ...

Updated 20 Apr, 2022 08:43pm

PM Shehbaz wants to strengthen economic relations with UAE

UAE's Ambassador Hamad Obaid Ibrahim Salem Al-Zaabi calls on Pakistan prime minister

Updated 19 Apr, 2022 07:25pm

MENA

5-year tourist, job exploration visas: UAE offers more options, eases requirements

Also relaxes rules for its famous 'golden visa'

Published 19 Apr, 2022 04:43pm

Middle East

Rare rough ruby goes on show in Dubai ahead of auction

DUBAI: A rare rough ruby dubbed one of the world's biggest has gone on display for the first time ahead of an ...

Updated 16 Apr, 2022 02:41pm

MENA

Dubai plans to introduce self-driving and flying taxis by 2030: official

KARACHI: Dubai is known for embracing tech in all aspects of its urban development, and transport is no different....

Updated 15 Apr, 2022 02:31pm

Middle East

More than 100 hurt in Jerusalem's Al-Aqsa mosque as religious festivals overlap

JERUSALEM: More than 100 people were wounded Friday in clashes between Palestinian demonstrators and Israeli police...

Updated 15 Apr, 2022 01:59pm

War in Ukraine raising risks for Mideast, WB warns

DUBAI: The war in Ukraine has “multiplied risks” for the Middle East and North Africa’s poorer countries by...

Published 15 Apr, 2022 05:30am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 28 786 Investments Limited(786)	5.20 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 28 Al-Abbas Sugar Mills Limited(AABS)	294.70 ▼ 0.00 (0.00%)
Agro Allianz / May 28 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 28 Allied Bank Limited(ABL)	70.95 ▼ 0.00 (0.00%)
Abbott Lab. / May 28 Abbott Laboratories (Pakistan) Limited(ABOT)	638.07 ▼ 0.00 (0.00%)
Abson Ind. / May 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 28 Alfalah Consumer Index ETF.(ACIETF)	8.79 ▼ 0.00 (0.00%)
Attock Cement / May 28 Attock Cement Pakistan Limited(ACPL)	82.02 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 28 786 Investments Limited(786)	5.20 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 28 Al-Abbas Sugar Mills Limited(AABS)	294.70 ▼ 0.00 (0.00%)
Agro Allianz / May 28 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 28 Allied Bank Limited(ABL)	70.95 ▼ 0.00 (0.00%)
Abbott Lab. / May 28 Abbott Laboratories (Pakistan) Limited(ABOT)	638.07 ▼ 0.00 (0.00%)
Abson Ind. / May 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 28 Alfalah Consumer Index ETF.(ACIETF)	8.79 ▼ 0.00 (0.00%)
Attock Cement / May 28 Attock Cement Pakistan Limited(ACPL)	82.02 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 27	199.40
USD PKR Interbank Buying / May 27	199.20
USD to Japanese Yen / May 27	127.12
USD to Swiss Franc / May 27	0.96
Pound Sterling to USD / May 27	1.26
Euro to USD / May 27	1.07
UK LIBOR % / May 27	0.82

Stock	Volume
S&P 500 / May 27	4158.24
India Sensex / May 27	54884.66
Tokyo Nikkei / May 27	26781.68
Nasdaq / May 27	12131.13
Hang Seng / May 27	20697.36
FTSE 100 / May 27	7585.46
Dow Jones / May 27	33212.96
Germany DAX 30 / May 27	14462.19
France CAC40 / May 27	6515.75

Item	Value
Crude Oil USD/Barrel / May 27	115.07
Karachi Cotton PKR/37.32 KG / May 27	21180.00
Gold 10 Grams PKR / May 27	122600.00
Gold Spot USD/Ounce / May 27	1853.72
Cotton US¢/pound / May 27	122.95

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