Dubai's index rallied today, taking cues from global markets, after European leaders agreed to expand a bailout fund to stem the region's debt crisis.
Trading places:Companies moving the market today
Tamweel Learn more
Emaar Learn more
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Drake & Scull Learn more
Drake & Scull International, Dubai's second-biggest builder, jumped 3 per cent to 78 fils a share. Emaar, the region's biggest developer, added 1.6 per cent to Dh2.52. Tamweel, an Islamic mortgage firm, advanced 2.6 per cent to 70 fils. The Dubai Financial Market gained as much as 0.9 per cent, the biggest increase since August 4, to 1366.82 points at the open. Oil prices gained as much as a dollar. Brent crude was up $1.00 to $109.91 a barrel, after touching a high of $110.12 earlier.
French President Nicolas Sarkozy said the euro region's bailout fund will be leveraged by four to five times and investors have agreed to a voluntary write down of 50 per cent of Greek debt.
Abu Dhabi's gauge, the Abu Dhabi Securities Exchange General Index added 0.4 per cent to 2465.65.
"The newsflow from Europe is not bad, we can see an improvement in the mood for the local markets," said Sebastien Henin, a portfolio manager at Abu Dhabi-based The National Investor.
Elsewhere in the region, Kuwait's index was flat at 5900.80. Bahrain's measure slipped 0.2 per cent to 1149.63. Oman's MSM 30 Index added 0.3 per cent to 5564.53. Qatar's QE Index advanced 0.4 per cent to 8505.80 points. The Saudi Tadawul was closed for the day.
halsayegh@thenational.ae
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'C'mon C'mon'
Director:Mike Mills
Stars:Joaquin Phoenix, Gaby Hoffmann, Woody Norman
Rating: 4/5
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
ULTRA PROCESSED FOODS
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
KILLING OF QASSEM SULEIMANI
Tips for used car buyers
- Choose cars with GCC specifications
- Get a service history for cars less than five years old
- Don’t go cheap on the inspection
- Check for oil leaks
- Do a Google search on the standard problems for your car model
- Do your due diligence. Get a transfer of ownership done at an official RTA centre
- Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
- Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
- If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell
Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com
