UAE news

18 minutes ago Gold settles lower, records weekly gains
The precious metal saw some selling pressures as the USD neared its highest level in two months
23 minutes ago Renewables in India to grow 5% by 2022
Rising interest rates are putting a question mark on the viability of solar projects
4 hours ago Goldman Sachs forecasts 5 more Fed rate hikes
Goldman believes the Federal Reserve needs to generate a significant tightening in financial conditions
4 hours ago Robust aero, warehouse automation sales boost Honeywell Q3 profit
Mubasher: Honeywell International Inc on Friday reported better-than-expected profits for the third quarter of this year
04:39 PM InterContinental Hotels revenue up 1% in Q3
Mubasher: InterContinental Hotels Group PLC on Friday posted a 1% year-on-year increase in the comparable revenue per available room for the third quarter of 2018.
04:05 PM P&G Q1 sales beat estimates
Mubasher: Procter & Gamble Co (P&G) on Friday reported a robust rise in sales for the first quarter of this year
03:36 PM Volkswagen begins operation at China EV plant
Mubasher: Volkswagen AG on Friday announced it has commenced construction work on a $2.45 billion plant in Shanghai to produce electric cars and battery systems
03:14 PM State Street Q3 profit up 13%, misses estimates
Mubasher: State Street Corp. reported a 13% year-on-year growth in profits for the third quarter of 2018
02:58 PM Schlumberger logs $644m profit in Q3
Mubasher: The US-based energy giant Schlumberger Ltd on Friday reported a net income of $644 million, or 46 cents per share, for the third quarter
02:35 PM UK public borrowing hits 11-yr low in September
Mubasher: The UK’s public sector net borrowing, excluding banks, slipped by GBP 800 million year-on-year in September to GBP 4.1 billion
01:35 PM Eurozone’s current account sees EUR 24bn surplus in August
Mubasher: The current account of the Eurozone increased by nearly EUR 5 billion in August, recording a surplus of EUR 24 billion.
01:07 PM China's Q3 GDP growth weakest since 2009
Mubasher: China’s economic growth slowed down to its weakest quarterly pace since 2009 amid escalating trade tensions between the country and the US.
11:40 AM Japan's CPI rises 1.2% in September
Mubasher: Japan's consumer price index grew by 1.2% year-on-year in September amid surging energy costs.
11:14 AM Volvo Q3 profit rises 38%
Mubasher: Volvo AB posted a 38% year-on-year growth in net profit for the third quarter of this year, beating analysts’ forecast of SEK 6.9 billion.
10:36 AM Oil prices edge up Friday amid China-US trade war
Mubasher: Oil prices leveled up on Friday on the back of signs indicating a rise in China’s demand
12:00 AM Oil prices fall to 5 week-low
Nymex futures for November delivery dropped 1.6%
18 October 10:59 PM Gold restores $1,230 level
The yellow metal received a strong support after the Chinese stock exchange fell to its lowest level since 2014
The DFM grew 0.09% or 16.23 points to close at 2,757.73 points in a week
18 October 06:35 PM Real estate pushes DFM up in week
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index grew 0.09% or 16.23 points to close at 2,757.73 points in the week ended Thursday, 18 October. Around 1.026 billion shares were traded during the week, generating AED 964.932 …
ADX's general index  gained 0.42% or 20.96 points to close at 4,967.77 points in a week
18 October 06:29 PM ADX edges higher in week on par with real estate stocks
By: Bedour El Raie Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index gained 0.42% or 20.96 points to close at 4,967.77 points in the week ended Thursday 18 October, led by the real estate and telecom sectors During the …
Dubai’s real estate sector provides the best sought-after incentives alongside the most attractive propositions for investors
18 October 06:22 PM High GDP per capita, infrastructure projects boost Dubai’s property investment – Emaar
Dubai –Mubasher: Investment in the premium residential real estate in the emirate of Dubai still guarantees a robust return for overseas investors on the back of high gross domestic product (GDP) per capita and ambitious investments in building …
The MoU was signed by the DLD Director and DP World Chairman
18 October 05:29 PM RDC, DP World ink MoU at GITEX
Mubasher: The Rental Disputes Center (RDC) signed a memorandum of understanding (MoU) with DP World during GITEX Technology Week. The agreement aims at creating a strong legal environment for companies in the UAE. The MoU was signed by the …
18 October 04:58 PM Japan’s Takeda gets regulator’s approval to acquire Shire Plc
Takeda on Thursday announced that it has received the Japanese Fair Trade Commission for completing the acquisition of Shire Plc.
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18 October 04:51 PM Smart Dubai signs 20 smart transformation deals
Dubai - Mubasher: Smart Dubai used its participation in the GITEX Technology Week, which was held at the Dubai World Trade Centre between 14 and 18 October, to exhibit the Emirate’s progress in its smart transformation, through various strategies, …
This free-of-charge ‘KFHTrade’ service will offer stocks trading
18 October 04:24 PM ‘KFHTrade’ free service to support GCC brokers, investors
Edited By: Ingy ElSafy Mubasher: Kuwait Finance House (KFH) has launched a new service ‘KFHTrade’ in collaboration with KFH Capital for investment Co, according to an official statement by the bank on Thursday. KFHTrade will offer high standards …
18 October 04:07 PM US job claims drop 5,000 in week
US job claims declined by 5,000 in the week ended 13 October recording 210,000 claims from 215,000 claims in the previous week.