After the evacuation, an area was set up to provide food, water, and medical assistance to the citizens residing in the community
Emaar Properties closed 2.7 per cent higher and telecoms operator du added 0.4 per cent. The Dubai Financial Market’s General Index advanced 0.2 per cent to 1,370 points.
Abu Dhabi’s measure ended 0.5 per cent higher at 2,436 points, lifted by banks. National Bank of Abu Dhabi rose two per cent and First Gulf Bank, or FGB, climbed 2.4 per cent. The FGB rose the most in more than two weeks after the UAE lender raised the foreign- ownership limit in the bank’s shares to 25 per cent. The stock advanced 2.4 per cent, the most since November 13, to Dh14.75, trimming the decline this year to 15 per cent.
“FGB is a highly rated stock in the region and foreign ownership was always perceived as a weakness,” said Ahmed Talhaoui, head of asset management at Abu Dhabi-based Royal Capital PJSC.
The UAE and Qatar may be raised to emerging market status at MSCI next month after the index provider delayed the decision in June. Amendments to index constituents can alter share prices as passively managed funds buy and sell stocks to mirror the measure. About $3 trillion of funds are benchmarked against MSCI’s indexes globally.
After the evacuation, an area was set up to provide food, water, and medical assistance to the citizens residing in the community
The Red beat Italian side Atalanta in the second leg quarter-final but lost 3-1 on aggregate as Leverkusen advance to semis despite 1-1 draw with West Ham
US equity futures and Asian shares declined while safe haven demand lifted US Treasuries
Passengers reaching their final destination without their baggage should contact the airport airline representative or contact their airline call centre, DXB said
Spot gold was trading at $2,384.14 per ounce at 9.25 am UAE time, up 0.17 per cent
Passengers already in Dubai and in transit will continue to be processed for their flights, the airlines said
The airline also suspended flights to Iran amid reports of an Israeli strike
Expect fair to partly cloudy conditions today with chances of fog and mist formation in some areas