Motorcycle users are advised to wear a helmet, wear protective clothing and ensure the safety of the bike
Kuwait-based Markaz Research said that positive market momentum in the second quarter allowed assets under management, or AUM, to partially recover its losses from last year. It said that GCC funds expanded by 17 per cent to $10.5 billion, led by Saudi Arabia, the region’s largest economy. This was in line with the 27 per cent quarterly gain in the MCSI GCC index. In the second quarter, conventional fund AUMs rose by 15 per cent to Dh3.59 billion, while most equity funds gained as their respective markets recovered.
After the declines in the first quarter, most indices rebounded in the second quarter, according to Markaz
In the UAE, the Dubai Financial Market outperformed the Abu Dhabi Exchange, gaining by 13.7 per cent, compared to a gain of 5.8 per cent in Abu Dhabi. Dubai’s gains were led by the real estate and construction sector, which rose by 33 per cent.
The announcement at COP28 in Dubai puts Turkey in the race against Australia