UAE news

21 minutes ago Oil prices near stable at 3-yr highs
Oil prices fell on Friday but remained at three-year highs ahead of US oil rig data
19 April 09:48 PM Watch Sophia answers Mubasher’s questions
Sophia was the first robot with an earthly citizenship, after being granted the Saudi citizenship not so long agoxasdas
19 April 08:44 PM UK to ban plastic straws, cotton buds
UK revealed on Thursday plans to impose a ban on the sale of plastic straws and drink stirrers and plastic-stemmed cotton buds
The real estate sector gained 1.7%
19 April 08:24 PM Blue chips boost ADX in week
By: Enas Bahgat Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index added 53.53 points, or 1.15%, to close at 4,706.56 points during the week, pushed up by blue chips. The ADX’s trading volume shrank to 270.99 million …
The real estate sector decreased by 1.4%
19 April 07:56 PM Selling pressure weighs on DFMGI in week
By: Mahmoud Gamal Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 12.31 points, or 0.4%, to close at 3,082.09 points on the back of selling pressure at the end of the week. The DFM’s trading volume shrank to 409.32 million …
19 April 07:52 PM Oil-price surge may prompt next crisis -Analyst
The recent rise in oil prices could speed up a crisis in the energy market, according to an oil economist.
19 April 07:20 PM Miguel Diaz-Canel elected as new president of Cuba
Miguel Diaz-Canel has been sworn in as the new president of Cuba, after former leader Raul Castro decided to retire
Prices of Housing, water, electricity, gas, and other fuels shed 1.5%
19 April 07:03 PM Inflation in Dubai falls 1.8% in March
Dubai – Mubasher: Inflation rate for Consumer Price Index (CPI) in Dubai declined 1.8% month-on-month in March on the back of the decline in the prices of residences and fuel, according to a report released by the Dubai Statistics Centre (DSC). …
19 April 06:11 PM US natural gas storage fall in week
US natural gas stockpiles declined last week, according to EIA
Works at Shuaa’s Dubai skyscraper project will be commenced
19 April 06:07 PM Shuaa Capital may pay 50% cash dividends
Dubai – Mubasher: Shuaa Capital is planning to cut its loss before distributing a 50% cash dividend, CEO Fawad Tariq Khan told CNBC Arabia. But I do not think that the distribution of these dividends will take place this year, Khan added. Works at …
19 April 05:56 PM ‘Full-on global meltdown’ in stocks seen ‘too early’ -Goldman Sachs
A Goldman Sachs Asset Management top official has said that there should be no fears of a "global meltdown in equities"
Exports registered AED 189.8 billion in 2017
19 April 05:36 PM UAE non-oil foreign trade hits AED 1.6tn
Dubai – Mubasher: The UAE’s non-oil foreign trade recorded AED 1.612 trillion ($440 million) in 2017, compared to AED 1.599 trillion a year earlier. The weight of the GCC country’s non-oil foreign trade reached 220.3 million tonnes last year, …
19 April 05:25 PM Nestle sales rise 1.4% in Q1-18
Nestle has reported a growth in sales during the first quarter of 2018
The decline of the request was due to not meeting all the listing requirements
19 April 05:23 PM CMA rejects Jiyad’s request to list on DFM
Mubasher: Jiyad Holding Co announced that the Capital Markets Authority (CMA) has declined the company’s request to list its shares on the Dubai Financial Market (DFM). The decline of the request was due to not meeting all the listing requirements …
19 April 05:07 PM Analyst warns of ‘violent’ oil sell-off as Saudi eyes $100/barrel
Analysts do not expect the recent rise in oil prices to continue towards Saudi Arabia's desired $100 per barrel
The new jet was scheduled for commissioning as of 19 April
19 April 04:33 PM Saudia receives Boeing 787 Dreamliner jet
Riyadh – Mubasher: The Saudi Arabian Airlines (Saudia) has received a new Boeing 787 Dreamliner to be added to the national carrier’s fleet. The new jet was scheduled for commissioning as of 19 April after obtaining the required licences from the …
The pressure on oil prices forced the economies to look at diversification
19 April 04:24 PM IHG Global mulls expansion in Middle East – CEO
Mubasher: Intercontinental Hotels Group Global (IHG Global) has plans to grow its business across the Middle East, the CEO of IHG Global, Keith Barr, said. The CEO has discussed the hotel group's plan to expand in the Middle East in an exclusive …
The number of e-Dirham cards issued in Q1-2018 exceeded 3.3m
19 April 04:04 PM UAE 's e-Dirham services generate AED 4bn Q1
Dubai – Mubasher: The UAE federal government’s revenue collected through e-Dirham skyrocketed 82% year-on-year to over AED 4 billion in the first quarter of 2018. The number of e-Dirham cards issued in Q1-2018 exceeded 3.3 million, while the …
19 April 03:53 PM US jobless claims fall in week ended 14 April
Unemployment claims in the US fell in the week ended 14 April by 1,000 claims
19 April 03:12 PM Eurozone current account surplus falls in February​​​​​​​
The Eurozone’s current account surplus recorded a decline in February from the prior month.
The banks sector grew 0.86%
19 April 02:45 PM Banks, telecom boost ADX Thursday
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index gained 24.48 points, or 0.52%, to close at 4,706.56 points on Thursday, pushed up by the banks and telecommunication sectors.  The banks sector grew 0.86% after First …
The factory is expected to be built with a production capacity of 1.8m cell phones a yr
19 April 02:42 PM Dubai's IKU to build mobile phones factory in Egypt
Cairo – Mubasher: Dubai-based IKU plans to establish a new factory in Egypt to assemble mobile phones. The Emirati mobile phones manufacturer has allocated an estimated $17 million in investments for the first phase of the project, local newspaper …
The banks sector decreased by 0.91%
19 April 02:23 PM DFM records 4-session low Thursday
By: Mahmoud Gamal Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost about 5.6 points, or 0.18%, to close at 3,082.09 points on Thursday, its fourth successive decline, with low trading volume and liquidity. The general index …
19 April 02:07 PM Amazon Prime has over 100m members – Bezos
Jeff Bezos revealed that Amazon Prime subscribers have exceeded 100 million
The project will provide a raft of healthcare services
19 April 01:46 PM Saudi German Hospital to build 100-bed hospital in UAE
Riyadh – Mubasher: Saudi-based Middle East Healthcare Company (Meahco) has signed a contract to establish a 100-bed hospital in Al Marjan Island, Ras Al Khaimah as part of its expansion plans in the UAE. The project will provide a raft of …