Trading activity fizzled out on Dubai's market this morning, leaving the index poised to erase gains seen after National Day weekend.
The Dubai Financial Market General Index fell 0.2 per cent to 1,382.92, while the Abu Dhabi Securities Exchange General Index was flat at 2,441.13.
Both markets received a lift after six central banks extended swap lines to international banks, and a presidential decree was issued boosting salaries for state workers and creatinga Dh10bn fund for loan and mortgage relief.
The gains led to the biggest jump on Dubai's market since October, but that increase has now fully eroded.
Emaar Properties fell 0.7 per cent to Dh2.74, easing back from gains seen earlier in the week which took the developer of the Burj Khalifa to its highest level since August.
Air Arabia, Etisalat and du were the biggest losers, while Dana Gas rose on the Abu Dhabi market.
Asian stocks fell in early trading on concerns over growing levels of bad debts in the Chinese banking system. The Hang Seng Index fell 0.9 per cent to 19,060.20, while Japan's Nikkei 225 index slid 0.6 per cent to 8,664.58.
Oil prices rose, with Brent crude futures increasing 76 cents to $110.00 per barrel.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
The Specs:
The Specs:
Engine: 2.9-litre, V6 twin-turbo
Transmission: 8-speed automatic
Power: 444bhp
Torque: 600Nm
Price: AED 356,580 incl VAT
On sale: now.
KILLING OF QASSEM SULEIMANI
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
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