Shares of Abu Dhabi’s two biggest publicly traded developers rose yesterday on news that Aldar Properties advertised a tender to build 700 villas on Yas Island.
Aldar’s stock jumped 2.9 per cent, to Dh1.04, on the Abu Dhabi Securities Exchange (ADX) General Index.
Bidders should put their offers in by June 17, according to a report in MEED, the Middle East business-intelligence service.
Sorouh Real Estate, the developer behind the Sun and Sky Towers, rose 1 per cent to 96 fils.
Aldar and Sorouh Real Estate are contemplating a US$15 billion merger.
“Retail investors are buying on speculation in the midst of a delay in updates to the market as to what is happening,” said Wadah Al Taha, the chief investment officer at Al Zarooni Group, an investment company based in Dubai.
The ADX General Index slipped 0.1 per cent to 2,422.39 yesterday.
In Dubai, Emaar Properties, the developer behind the Burj Khalifa, declined 1 per cent, to Dh2.76.
The district cooling company Tabreed fell 0.8 per cent to Dh1.16. Dubai Islamic Bank, the country’s largest Sharia-compliant lender, fell 0.5 per cent to Dh1.86.
The Dubai Financial Market General Index closed 0.3 per cent lower at 1,437.03.
Kuwait’s measure declined 0.4 per cent to 6,093.86, Bahrain’s slipped 0.3 per cent to 1,134.35, Oman’s MSM 30 Index was barely changed at 5,719.20, Qatar’s index was also little changed at 8,332.64, and the Saudi Tadawul All-Share Index rose 0.3 per cent to 6770.19.
halsayegh@thenational.ae
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Profile Periscope Media
Founder: Smeetha Ghosh, one co-founder (anonymous)
Launch year: 2020
Employees: four – plans to add another 10 by July 2021
Financing stage: $250,000 bootstrap funding, approaching VC firms this year
Investors: Co-founders
Farage on Muslim Brotherhood
Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.
Neil Thomson – THE BIO
Family: I am happily married to my wife Liz and we have two children together.
Favourite music: Rock music. I started at a young age due to my father’s influence. He played in an Indian rock band The Flintstones who were once asked by Apple Records to fly over to England to perform there.
Favourite book: I constantly find myself reading The Bible.
Favourite film: The Greatest Showman.
Favourite holiday destination: I love visiting Melbourne as I have family there and it’s a wonderful place. New York at Christmas is also magical.
Favourite food: I went to boarding school so I like any cuisine really.
The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press
Killing of Qassem Suleimani
UAE currency: the story behind the money in your pockets
SERIES INFO
Afghanistan v Zimbabwe, Abu Dhabi Sunshine Series
All matches at the Zayed Cricket Stadium, Abu Dhabi
Test series
1st Test: Zimbabwe beat Afghanistan by 10 wickets
2nd Test: Wednesday, 10 March – Sunday, 14 March
Play starts at 9.30am
T20 series
1st T20I: Wednesday, 17 March
2nd T20I: Friday, 19 March
3rd T20I: Saturday, 20 March
TV
Supporters in the UAE can watch the matches on the Rabbithole channel on YouTube
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
MATCH INFO
Uefa Champioons League semi-final, first leg:
Liverpool 5
Salah (35', 45 1'), Mane (56'), Firmino (61', 68')
Roma 2
Dzeko (81'), Perotti (85' pen)
Second leg: May 2, Stadio Olimpico, Rome
