6G will further elevate capabilities of robots, AI, autonomous transport and remote surgery/diagnostics among others
Emirates NBD, the biggest lender in the UAE by assets, dropped the most on record. Dubai Islamic Bank PJSC, which has the second-biggest weighting on the benchmark index, fell the most in a month. The DFM General Index slipped 1.7 per cent, the most since May 23, to 1,572.46 at the 2 pm close in the emirate. Excluding on Monday, Dubai’s measure rose 2.5 per cent this month on speculation MSCI Inc. will upgrade the UAE to emerging-market status tomorrow. The Bloomberg GCC 200 Index fell 0.9 per cent at 2:06 pm in Riyadh.
Emirates NBD dropped 6.4 per cent, the most since October 2007 when the bank was formed following a merger, to Dh4.24. Dubai Islamic Bank fell 1.4 per cent, the most since May 25, to Dh2.07. Emaar Properties PJSC, the biggest weighted stock on the index and the developer of the world’s tallest tower in Dubai, lost 2.2 per cent to Dh3.15.
Abu Dhabi Commercial Bank PJSC retreated the most since March 2, falling 2.7 per cent to Dh3.2. Abu Dhabi’s ADX General Index dropped 0.7 per cent, Oman’s benchmark stock index retreated 0.2 per cent, while Saudi Arabia’s measure fell 0.8 per cent. Bahrain’s BB All Share Index was little changed.
6G will further elevate capabilities of robots, AI, autonomous transport and remote surgery/diagnostics among others
The Nobel laureate has been condemned for partnering with Hillary Clinton, an outspoken supporter of Israel's war against Hamas
Net profit (after tax) up 32% per cent y-o-y to Dh1.45 billion
Goalkeeper Eisa delivered a fantastic performance against Al Hilal to help Al Ain reach the final
Volunteers of the Samantha Kerala Sunni Student Federation used the machine to navigate challenging terrain
The two sides called for calm in the Middle East in efforts to avoid military escalation while prioritising diplomatic solutions
Polls will be the largest ever in human history with over 960 million people eligible to vote
UAE business activity and business confidence remained strong