Dubai’s stocks fell on Monday, taking cues from Asian markets, after US jobs data published on Friday failed to meet expectations. Global markets were closed on Friday through the weekend in observance of Easter.
Gulf Navigation, the emirate’s only publicly traded oil-tanker owner, fell 7.1 per cent to 33 fils a share at 11am Dubai time. Arabtec Holding, the region’s largest contractor, lost 4.3 per cent to Dh3.29 a piece.
The Dubai Financial Market General Index fell 0.8 per cent to 1654.28 points, while the Abu Dhabi Securities Exchange General Index slipped 0.1 per cent to 2553.54 points.
In the US, only 120,000 jobs were added last month, far below the estimate of 203,000 jobs.
Global Investment House increased its fair value on the shares of Emaar Properties, from Dh3.30 to Dh4 and Sorouh Real Estate from Dh1.05 to Dh1.25.
Japan’s Nikkei 225 Index fell 1.4 per cent to 9546.26 points. Hong Kong’s Hang Seng Index fell 0.9 per cent to 20,593.00 points.
Elsewhere in the region, Kuwait’s index fell 0.1 per cent to 6146.00 points. Bahrain’s index fell 0.4 per cent to 1138.39 points. Oman’s MSM 30 Index lost 0.3 per cent to 5827.44 points. Qatar’s QE Index slipped 0.1 per cent to 8767.30 points. The Saudi Tadawul All-Share Index fell 1.8 per cent to 7717.72 points yesterday.
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Fixtures
50-over match
UAE v Lancashire, starts at 10am
Champion County match
MCC v Surrey, four-day match, starting on Sunday, March 24, play starts at 10am
Both matches are at ICC Academy, Dubai Sports City. Admission is free.
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
The years Ramadan fell in May
Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
