Emaar advanced 3.6 per cent to Dh4.81. Pawan Singh / The National
Emaar advanced 3.6 per cent to Dh4.81. Pawan Singh / The National

Business

Dubai stocks find favour among investors

Markets Wrap: Investor appetite for Dubai stock returned yesterday, led by property and financial shares.

Hadeel al Sayegh

30 January, 2013

Investor appetite for Dubai stock returned yesterday, led by property and financial shares.

Emaar Properties, the developer behind Burj Khalifa, advanced 3.6 per cent to Dh4.81. About 207 million shares were traded, compared with the 73 million average in recent weeks.

"The story is that people are back in love with Dubai," said Sebastien Henin, a portfolio manager at The National Investor, an investment company in Abu Dhabi. "It's the hot spot to be right now."

Dubai Financial Market Company, the only bourse in the region to sell its shares to the public, jumped 2.4 per cent to Dh1.28.

"There are also some investors who missed the beginning of the rally and now don't want to miss more," said Mr Henin. "Those who were underweight are now ramping up their exposure. Foreign flows are also coming back to the country and targeting the blue chips."

The Dubai Financial Market General Index rose 1.7 per cent yesterday to close at 1,853.17 points. The index is up 14.2 per cent since the start of the month.

In the capital, Bank of Sharjah jumped 6.3 per cent to Dh1.50. Union National Bank rose 3.4 per cent to Dh3.60. Sorouh Real Estate advanced 2.3 per cent to Dh1.75.

The Abu Dhabi Securities Exchange General Index gained 1.1 per cent to close at 2,839.04.

Elsewhere in the region, Kuwait's benchmark added 0.4 per cent to 6,247.68; Oman's MSM 30 Index added 0.3 per cent to 5,836.40; Qatar's QE Index added 0.2 per cent to 8,689.69. The Saudi Tadawul All-Share Index gained 0.09 per cent to 7,027.81.

[ halsayegh@thenational.ae ]

On Women's Day
While you're here
FIXTURES (all times UAE)

Sunday
Brescia v Lazio (3.30pm)
SPAL v Verona (6pm)
Genoa v Sassuolo (9pm)
AS Roma v Torino (11.45pm)

Monday
Bologna v Fiorentina (3.30pm)
AC Milan v Sampdoria (6pm)
Juventus v Cagliari (6pm)
Atalanta v Parma (6pm)
Lecce v Udinese (9pm)
Napoli v Inter Milan (11.45pm)

MEDIEVIL (1998)

Developer: SCE Studio Cambridge
Publisher: Sony Computer Entertainment
Console: PlayStation, PlayStation 4 and 5
Rating: 3.5/5

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

If you go

The flights

Emirates flies from Dubai to Seattle from Dh5,555 return, including taxes. Portland is a 260 km drive from Seattle and Emirates offers codeshare flights to Portland with its partner Alaska Airlines.

The car

Hertz (www.hertz.ae) offers compact car rental from about $300 per week, including taxes. Emirates Skywards members can earn points on their car hire through Hertz.

Parks and accommodation

For information on Crater Lake National Park, visit www.nps.gov/crla/index.htm . Because of the altitude, large parts of the park are closed in winter due to snow. While the park’s summer season is May 22-October 31, typically, the full loop of the Rim Drive is only possible from late July until the end of October. Entry costs $25 per car for a day. For accommodation, see www.travelcraterlake.com. For information on Umpqua Hot Springs, see www.fs.usda.gov and https://soakoregon.com/umpqua-hot-springs/. For Bend, see https://www.visitbend.com/.

Results

3pm: Maiden Dh165,000 (Dirt) 1,400m, Winner: Lancienegaboulevard, Adrie de Vries (jockey), Fawzi Nass (trainer).

3.35pm: Maiden Dh165,000 (Turf) 1,600m, Winner: Al Mukhtar Star, Adrie de Vries, Fawzi Nass.

4.10pm: Handicap Dh165,000 (D) 2,000m, Winner: Gundogdu, Xavier Ziani, Salem bin Ghadayer.

4.45pm: Handicap Dh185,000 (T) 1,200m, Winner: Speedy Move, Sean Kirrane, Satish Seemar.

5.20pm: Handicap Dh185,000 (D) 1,600m, Winner: Moqarrar, Dane O’Neill, Erwan Charpy.

5.55pm: Handicap Dh175,000 (T) 1,800m, Winner: Dolman, Richard Mullen, Satish Seemar.

SHADOWS AND LIGHT: THE EXTRAORDINARY LIFE OF JAMES MCBEY

Author: Alasdair Soussi

Pages: 300

Publisher: Scotland Street Press

Available: December 1

Day 1 results:

Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)

Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)

SHOW COURTS ORDER OF PLAY

Wimbledon order of play on Tuesday, July 11
All times UAE (+4 GMT)

Centre Court

Adrian Mannarino v Novak Djokovic (2)

Venus Williams (10) v Jelena Ostapenko (13)

Johanna Konta (6) v Simona Halep (2)

Court 1

Garbine Muguruza (14) v

Svetlana Kuznetsova (7)

Magdalena Rybarikova v Coco Vandeweghe (24)

SPEC SHEET: SAMSUNG GALAXY Z FOLD5

Main display: 7.6" QXGA+ Dynamic Amoled 2X, Infinity Flex, 2176 x 1812, 21.6:18, 374ppi, HDR10+, up to 120Hz

Cover display: 6.2" HD+ Dynamic Amoled 2X, 2316 x 904, 23.1:9, 402ppi, up to 120Hz

Processor: Qualcomm Snapdragon 8 Gen 2, 4nm, octa-core; Adreno 740 GPU

Memory: 12GB

Capacity: 256/512GB / 1TB (online exclusive)

Platform: Android 13, One UI 5.1.1

Main camera: Triple 12MP ultra-wide (f/2.2) + 50MP wide (f/1.8) + 10MP telephoto (f/2.4), dual OIS, 3x optical zoom, 30x Space Zoom, portrait, super slo-mo

Video: 8K@24fps, 4K@60fps, full-HD@60/240fps, HD@960fps; slo-mo@60/240/960fps; HDR10+

Cover camera: 10MP (f/2.2)

Inner front camera: Under-display 4MP (f/1.8)

Battery: 4400mAh, 25W fast charging, 15W wireless, 4.5W reverse wireless

Connectivity: 5G; Wi-Fi, Bluetooth 5.3, NFC (Samsung Pay)

I/O: USB-C

Cards: Nano-SIM + eSIM; dual nano-SIMs + eSIM

Colours: Cream, icy blue, phantom black; online exclusives – blue, grey

In the box: Fold5, USB-C-to-USB-C cable

Price: Dh6,799 / Dh7,249 / Dh8,149

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Five expert hiking tips
  • Always check the weather forecast before setting off
  • Make sure you have plenty of water
  • Set off early to avoid sudden weather changes in the afternoon
  • Wear appropriate clothing and footwear
  • Take your litter home with you
Top 10 most competitive economies

1. Singapore
2. Switzerland
3. Denmark
4. Ireland
5. Hong Kong
6. Sweden
7. UAE
8. Taiwan
9. Netherlands
10. Norway

Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.