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UAE leaders mark Eid-ul-Adha with prayers and greetings

Agencies
August 21, 2018

Dubai, Aug 21: Their Highnesses Supreme Council Members and Rulers of the Emirates on Tuesday morning performed Eid Al Adha prayers.

Dubai

His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, this morning offered Eid al-Adha prayers at the Sheikh Rashid Mosque in Zabeel.

Performing the prayer alongside Sheikh Mohammed were Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council; Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance; Sheikh Mohammed bin Khalifa Al Maktoum, Chairman of Dubai Lands Department; Sheikh Mansour bin Mohammed bin Rashid Al Maktoum;  Sheikh Hasher bin Maktoum bin Juma Al Maktoum, Director-General of Dubai Information Department; senior officials; UAE citizens, and residents.

Dr Omar Al Khateeb, who led the prayer, delivered the Eid Al Adha sermon in which he highlighted the significance of sacrifice in Eid Al Adha. He also called for exchanging visits in this day and emphasised the importance of humanitarian work, solidarity among the society and communication which would bring cooperation and affection among people.

Dr. Al Khateeb prayed for good health and longevity to the President His Highness Sheikh Khalifa bin Zayed Al Nahyan; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

He also prayed to Allah the Almighty to bestow eternal peace on the late Sheikh Zayed bin Sultan Al Nahyan, the late Sheikh Rashid, the late Sheikh Maktoum and martyrs of the nation as well as martyrs of the Saudi-led Arab Coalition, who defend justice and legitimacy in Yemen.

Abu Dhabi

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, today performed Eid Al Adha prayers at the Sheikh Sultan bin Zayed the First Mosque in

Among those who offered prayer alongside His Highness Sheikh Mohamed bin Zayed were Sheikh Surour bin Mohammed Al Nahyan; Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council; Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; Sheikh Tahnoun bin Zayed Al Nahyan, National Security Adviser; Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs; Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation; Sheikh Khalid bin Mohamed bin Zayed Al Nahyan; Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance; Sheikh Khalifa bin Tahnoun bin Mohammed Al Nahyan, Director of the Martyrs' Families' Affairs Office at the Abu Dhabi Crown Prince's Court; Lt. General Hamad Mohammed Thani Al Rumaithi, Chief of Staff of the Armed Forces; Ali bin Hammad Al Shamsi, Deputy Secretary-General of the Supreme National Security Council; a number of Sheikhs, ministers; top military and civil officials in the country.

Sheikh Abdulrahman Al Shamsi delivered the Eid prayers sermon, during which he spoke about the significance of the occasion, the noble values of the Prophet Ibrahim (PBUH) and the moral lessons of Eid Al Adha.

He also wished more security, stability and welfare for the UAE and prayed to Allah the Almighty to rest the souls of the nation's martyrs in Paradise. Sheikh Al Shamsi also prayed for the triumph of the UAE and Arab Coalition in Yemen which came together to restore the rights of the oppressed, and wished Arab and Muslim nations more prosperity and stability.

Following the prayers, Sheikh Mohamed bin Zayed exchanged Eid greetings with worshippers.

Ajman

His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, this morning offered Eid Al Adha prayers at the Sheikh Rashid bin Humaid Al Nuaimi Mosque.

Among those who offered the prayer alongside Sheikh Humaid were Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman; a number of Sheikhs, senior officials, dignitaries, tribesmen, Emiratis and members of the Arab and Islamic communities.

Sheikh Hussein Ma'een Al Hosani, who led the prayer, delivered the Eid al-Adha sermon, during which he spoke about the importance of the meaning of Eid al-Adha and the noble values of the occasion.  Following the prayer, Sheikh Humaid and Sheikh Ammar exchanged Eid al-Adha greetings with Sheikhs, senior officials, dignitaries and members of the Arab and Islamic community in the country.

Fujairah

His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah and Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah offered Eid Al Adha prayers at the Grand Sheikh Zayed Mosque in the emirate.

Sheikhs, heads of federal and local departments, Emiratis and members of the Arab and Islamic community in Fujairah, offered prayers along with Sheikh Hamad.

Following the prayers, the Fujairah Ruler exchanged greetings on the auspicious occasion with worshippers, who wished him health and happiness and more prosperity and progress for the UAE and the Arab and Islamic nations.

Umm Al Qaiwain

His Highness Sheikh Saud bin Rashid Al Mu'alla, Supreme Council Member and Ruler of Umm Al Qaiwain, today offered Eid Al Adha prayers at Sheikh Zayed Mosque in the emirate.

Performing prayers alongside Sheikh Saud were Sheikh Rashid bin Saud bin Rashid Al Mu'alla, Crown Prince of Umm Al Qaiwain, Sheikhs, senior officials, heads of federal and local departments, Emiratis, dignitaries, and members of the Arab and Islamic community in the emirate.

Sheikh Sultan Al Marzouqi, who led the prayer, delivered the sermon and explained the noble values of Islam and the significant meanings of Eid Al Adha. Following prayers, the UAQ Ruler exchanged Eid greetings with Sheikhs, senior officials and Emiratis.

Ras Al Khaimah

His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah and Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, offered Eid Al Adha prayer at the Eid Grand Musalla in Khuzam in the emirate.

Sheikhs, senior officials, dignitaries, UAE citizens and members of the Arab and Islamic communities, offered prayer alongside Sheikh Saud bin Saqr.

Sheikh Mohammed Subai'aan, who led the prayer, delivered a sermon, during which he spoke about the important meaning and symbolism of Eid Al Adha. He also prayed to Allah the Almighty to rest the souls of the martyrs of the UAE and the Arab Coalition in Yemen in Paradise. Following the prayer, Sheikh Saud exchanged Eid Al Adha greetings with Sheikhs, top officials and worshippers.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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News Network
February 18,2020

New Delhi, Feb 18: A Delhi court today sent Sharjeel Imam, who has been named as an "instigator" by the Delhi Police in its chargesheet on violent protests against the amended citizenship act at New Friends Colony near Jamia in Delhi last year, to judicial custody till March 3.

Sharjeel Imam was arrested on sedition charges last month.

The Delhi Police has filed a chargesheet before Chief Metropolitan Magistrate Gurmohina Kaur, naming Sharjeel Imam as an instigator of the violence.

It said it has attached CCTV footage, call detail records and statements of over 100 witnesses as evidence in the chargesheet.

The court had on Monday sent Sharjeel Imam to one-day custody of Delhi Police in the case.

Protestors had torched four public buses and two police vehicles as they clashed with police in New Friends Colony near Jamia Millia Islamia in Delhi during the demonstration against the CAA on December 15, leaving nearly 60 people including students, cops and fire fighters injured.

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News Network
June 23,2020

New Delhi, Jun 23: In an unexpected development, the pump price of diesel is all set to surpass the petrol price in the capital, making it the most expensive transport fuel for the first time in a long time.

Globally, diesel is priced slightly above petrol prices due to the very nature of the product that has a higher cost of production. But in India, due to the lopsided taxation structure, diesel attracts lesser of the tax between the two auto fuels keeping its prices lower than petrol for last several years.

Diesel is currently priced at Rs 79.40 a litre in the Capital, just 36 paise short of petrol price that is being retailed at Rs 79.76 a litre. Going by the trend of price movement in the two products for the last few days where diesel prices have consistently increased by 50-60 paise per litre while the daily increase in petrol prices have fallen to just 20 paise on Tuesday, it is set to surpass petrol prices in next few days.

"Diesel price movement is sharper in international market and if oil companies follow the global price trend, diesel prices will surpass that of petrol later this week. It will be after many years that this would happen and is expected to sustain for some time unless government changes the tax structure of the petroleum products again," said an oil sector expert from one of the big four audit and advisory firms asking not to be named.

Interestingly, even in India the base price of diesel is expensive than petrol. According to the Indian Oil Corporation (IOC), while the base price of petrol in Delhi currently comes to Rs 22.11 per litre, the same for diesel is higher at Rs 22.93 per litre (effective from June 16, 2020). This has been the case for a long time, but retail price of petrol can be higher than diesel due to central and state taxes.

What has now brought diesel prices to a whisker of petrol prices in the capital is the Delhi government's decision early May to increase the Value Added Tax on diesel from 16.75 per cent to 30 per cent and on petrol from 27 per cent to 30 per cent. This increased the retail price of diesel and petrol in Delhi by Rs 7.10 and Rs 1.67 a litre respectively. With Central taxes on the two products already reaching identical levels, the Delhi governments move hastened price parity between petrol and diesel.

Currently, the Central excise on petrol is Rs 32.98 a litre while that on diesel it is Rs 31.83 a litre. The VAT on petrol in Delhi is Rs 17.71 a litre and that on diesel is Rs 17.60 a litre.

While the movement of retail pricing is being seen with a sigh of relief by vehicle owners whose cars run on petrol, those buying the relatively expensive diesel cars are now repenting on their decision. The development is also being seen with caution by automobile companies who have spent millions to ramp up their facilities for diesel run vehicles. The expectation is that demand for such cars will now fall, causing more damage to companies where sales are already impacted due to persistent economic slowdown and now the spread of COVID-19 pandemic.

"The pricing development would push automobile companies to strategies being followed by companies in the western markets where diesel run cars are not sold on fuel pricing differential, but on overall make and quality that puts them ahead of petrol run cars," the expert quoted earlier.

Yes, but for commercial vehicle sector the rising price of diesel had not been welcomed. In fact, the commercial transport sector had time an again threatened strike against the move to raise fuel prices.

With petrol and diesel retail prices closing, the case for adultering fuel has also gone down much to the relief of vehicle owners.

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