Property stocks led the UAE's exchanges south yesterday, but strength in other sectors helped the Abu Dhabi bourse end slightly higher. In Dubai, Drake & Scull International dropped by 2.7 per cent to Dh1.06.
Emaar Properties lost 1.1 per cent to Dh3.5 a share. Arabtec Holding fell 2.4 per cent to Dh1.98 as investors reacted to the six-month share buying ban imposed by the market regulator on Riad Kamal, the company's chief executive. The Dubai Financial Market General Index declined by 0.6 per cent to 1,648.29.
The Abu Dhabi Securities Exchange General Index added 0.3 per cent to 2,756.80, despite Aldar Properties falling 1.2 per cent to Dh2.32 and Sorouh Real Estate dropping by 1.2 per cent to Dh1.64. Dana Gas shares remained the most active stock on the exchange, unchanged after the oil and gas explorer said it would retain its natural gas exploration concessions in Egypt's Nile Delta region. It closed at 77 fils a share.
Vyas Jayabhanu, the head of investments at Al Dhafra Financial Broker, said: "Dana Gas is going to be one of few seeing a lot of interest from international investors. Surprisingly, local buyers are shifting to that stock because they're not certain about other stocks."
Crude for February delivery fell for a second day on the New York Mercantile Exchange, by as much as 1.4 per cent to US$88.10 a barrel.
Elsewhere in the region: Kuwait's measure gained 0.3 per cent to 6,999.40; Bahrain's index remained flat at 1,423.65; Oman's index gained 0.4 per cent to 6,897.07; Qatar's exchange gained 0.2 per cent to 8,998.20. The Saudi Tadawul All-Share Index remained unchanged at 6,696.55.
* Additional reporting by Gregor Stuart Hunter
halsayegh@thenational.ae
ICC Women's T20 World Cup Asia Qualifier 2025, Thailand
UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final
The 12 Syrian entities delisted by UK
Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV
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Price: From Dh590,000
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Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
Countries offering golden visas
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
What is dialysis?
Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.
It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.
There are two kinds of dialysis — haemodialysis and peritoneal.
In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.
In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.
It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.