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Saudi Arabia Leads Gulf Markets Higher WEDNESDAY, NOVEMBER 6, 2019 12 Former UK finmin Hammond to stand down as lawmaker Saudi Arabia leads Gulf markets higher Closing Bell • Al Othaim saw SAUDI 1.7pc to 7,782 pts its biggest gain in ABU DHABI 0.9pc to 5,154 pts over 7 years DUBAI 0.7pc to 2,688 pts QATAR 1pc to 10,304 pts Tawuniya, City Cement• rise after EGYPT 1.1pc to 14,790 pts Q3 earnings BAHRAIN 0.2pc to 1,518 pts OMAN 0.1pc 4,026 pts Philip Hammond Egypt’s COMI jumps KUWAIT d 0.4pc to 6,151 pts Hammond served on• Q3 financials as• finance minister Banks, Property for three years • acquisition of El Katib Hospital shares hurt Dubai and will be taking over its day- Reuters | London to-day operations from Nov. 6. Reuters In Qatar, the index gained 1.1pc, extending gains for a third ormer British finance ost major Gulf markets straight session, with the Gulf’s Fminister Philip Ham- Mclosed higher yesterday, largest lender Qatar National mond said yesterday he will boosted by financial stocks and Bank climbing 2.4pc and Indus- stand down as a lawmaker mirroring a rally in global mar- tries Qatar adding 1.8pc. before the Dec. 12 national kets amid hopes for a US-China In Abu Dhabi, the index closed 0.9pc higher. Market election after being kicked trade agreement. Kuwaiti traders follow the stock market at the Kuwait Stock Exchange (KSE) in Kuwait City (file) out of the Conservative par- China is pushing US President heavyweight First Abu Dhabi liamentary party for voting Donald Trump to remove more Bank rose 1.2pc and Emirates against the government. tariffs imposed in September as appointment of Walid Bin Ab- Among other stocks, City cial International Bank leapt Telecommunications Group “I am saddened to find part of a so-called Phase 1 trade dullah Al-Moqbel as its chief Cement climbed 4.1pc after its 3.8pc, its biggest intraday rise added 1.1pc. myself in this position after deal, which would help to ease executive. board proposed to reduce its since August 2018. The coun- Dubai’s main share index 45 years of Conservative the broad economic damage in- Abdullah Al Othaim Markets capital, saying it had more than try’s largest lender reported a slipped 0.7pc, with blue-chip Party membership,” Ham- flicted by the trade dispute. soared 9.4pc, its biggest intraday it required. 23pc increase in third-quarter developer Emaar Properties mond wrote in a letter to Saudi Arabia’s index added 1.7 gain since July 2012, after post- On Sunday, the cement maker profit. falling 1.9pc and Emirates NBD constituents. per cent, with National Com- ing a 38.8pc rise in third-quarter reported third-quarter net profit The lender also said that its shedding 0.9pc. Hammond served as fi- mercial Bank, the kingdom’s profit. of 50.5 million riyals ($13.47 mil- board had approved in principle However, Emaar Malls gained nance minister for three largest lender, jumping 4.4pc Elsewhere Company For Co- lion), compared with a loss of 2.4 the acquisition of a stake in a a further 1.3pc after the shop- years until Boris Johnson and Al Rajhi Bank up 1.9pc. operative Insurance (Tawuniya) million riyals a year earlier. Kenyan bank. ping mall operator report - won the race to become The latter said it had received gained 3.8pc as it swung into Egypt’s blue-chip index Cleopatra Hospital rose 1.3pc ed on Sunday a 12.1pc rise in prime minister in July 2019. central bank approval for the profitability in the third quarter. ended up 1.1pc as Commer - after it said it had completed the third-quarter profit. India says supports FTA talks with EU Amazon says customers have to secure own data Reuters | New Delhi Reuters | Lisbon the reasons for not joining the Regional Cooperative Compre- mazon’s cloud computing ndia should hold talks with hensive Economic Partnership Acustomers have to decide Ithe European Union for a (RCEP) that 15 nations conclud- themselves how best to protect free trade agreement, the gov- ed on Monday. sensitive information online, ernment said yesterday, a day Goyal said India had put a senior executive said yester- after it refused to join a Chi- forward “strong demands” on day, following accusations by US na-backed regional trade pact services, investments leading lawmakers that the web giant for fear of a flood of cheap Chi- Piyush Goyal to the prolonged negotiations has not done enough to secure nese imports. gela Merkel has also called for for the RCEP, which includes data on its servers. Trade Minister Piyush Go- talks to restart to finalise an the 10-member Association of Amazon Web Services (AWS), yal said sectors such as gems, agreement. Southeast Asian Nations (ASE- the cloud computing arm of textiles and agriculture have “We should engage in a FTA AN), Japan, South Korea, Aus- Amazon.com , has come un - pushed for a trade pact with with the EU,” Goyal told a news tralia and New Zealand, besides der fire following a series of the EU. German Chancellor An- conference where he explained China. high-profile data breaches, in- Chief Technology Officer Werner Vogels cluding one this year involv- ing the personal information data thinking like ‘hey, these are Vogels said the AWS sys- of 106 million people stored cat videos, maybe you shouldn’t tem warned customers with on its servers by Capital One do that’.” He added that cus- a “massive red button” when Financial Corp. tomers should use tighter secu- they configured online storage Chief Technology Officer rity controls for sensitive data containers - known as buck- Werner Vogels said AWS pro- such as credit card information. ets - to be accessible by anyone vided multiple services to help Cybersecurity researchers online, a setting deliberately customers identify if their data say data hosted on AWS servers chosen for some products and was being stored appropriately is often accidentally exposed applications. and flag any possible problems, due to mistakes made by the The company also provides but the decision about which company’s clients configuring tools which clients can run to settings to use lay with those their security settings. analyse the type of data they clients. The alleged Capital One are storing and spot commonly “We feel we have a responsi- hacker, for example, was able associated slip-ups, he said. bility in making sure you take to access the firm’s data due to a “If you (change) the con - the right actions, but in the end wrongly-configured web appli- figuration on your bucket to it’s only you who can decide cation firewall, US prosecutors world-readable, you will get Salman Saleh Al Mahmeed, CEO of Bahrain Airport Services” BAS” with a delegation from SalamAir in October at the what is the right action there have said. lots of alarm bells going off,” company’s headquarters in Muharraq. The meeting was held in the presence of Mahmood Al Saati, Senior Manager, and what’s not,” he said on the Analysts at Gartner predict he said. Commercial and Duaij. Al Thawadi, Senior Manager, Airlines and External Relations to discuss the framework of sidelines of the Web Summit client mistakes will account for “It’s up to the individual cus- cooperation between the two companies especially the ground handling services provided by “BAS” at Bahrain tech conference in Lisbon. 99 percent of “cloud security tomer to decide what’s right International Airport. “I’m not going to look at your failures” over the next six years. and what’s wrong.” Oasis Mall Juffair hosted the popular Indian Game Show Kaun Banega Crorepati (KBC) which is based on Who wants to be a Millionaire on 18 & 19 October. Two lucky winners Manoj Kumar & Kartik Gopal won an all-expense-paid trip to the sets of Sony TV Game Show and will get to be part of the live audience. Nearly 1,500 people registered for the two-day event..
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