UAE shares opened the week in positive territory on Sunday, with stocks across the Arabian Gulf showing no impact from the political unrest in Turkey.
The failed attempt by elements of the Turkish military to overthrow its president Recep Tayyip Erdogan on Friday evening was shrugged off by regional markets, with Bloomberg’s GCC 200 Index ending the day up 0.2 per cent.
The Dubai Financial Market General Index drifted lower at the open, but gained steadily throughout the day, ending up 0.4 per cent at 3,488.27, with du shares among the best performers of the day.
Shares in Emaar Properties, which has had a presence in Turkey for 10 years, and Air Arabia, which offers flights to Istanbul and Antalya, ended the day unchanged.
Arabtec shares dominated trade on Sunday, accounting for nearly a third of total volumes on Dubai's headline index. The construction company's shares closed up 4.6 per cent at an 11-week high of Dh1.57.
Demand for Arabtec shares had a knock-on effect on its fellow construction firm Drake and Scull International, whose shares closed up 1.2 per cent at 57.4 fils.
The stock market in the capital meanwhile closed up 0.4 per cent at 4,597.45, thanks to gains from FGB and Aldar Properties.
Abu Dhabi Islamic Bank shares led losses on the Abu Dhabi bourse, closing down 4.2 per cent at Dh3.79, despite the bank’s second-quarter profit coming in ahead of analysts’ estimates last week.
jeverington@thenational.ae
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Arsenal's pre-season fixtures
Thursday Beat Sydney 2-0 in Sydney
Saturday v Western Sydney Wanderers in Sydney
Wednesday v Bayern Munich in Shanghai
July 22 v Chelsea in Beijing
July 29 v Benfica in London
July 30 v Sevilla in London
Top Hundred overseas picks
London Spirit: Kieron Pollard, Riley Meredith
Welsh Fire: Adam Zampa, David Miller, Naseem Shah
Manchester Originals: Andre Russell, Wanindu Hasaranga, Sean Abbott
Northern Superchargers: Dwayne Bravo, Wahab Riaz
Oval Invincibles: Sunil Narine, Rilee Rossouw
Trent Rockets: Colin Munro
Birmingham Phoenix: Matthew Wade, Kane Richardson
Southern Brave: Quinton de Kock
More from UAE Human Development Report:
The bio
Who inspires you?
I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist
How do you relax?
Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.
What is favourite book?
The Perks of Being a Wallflower - I think I've read it more than 7 times
What is your favourite Arabic film?
Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki
What is favourite English film?
Mamma Mia
Best piece of advice to someone looking for a career at Google?
If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.
Details
Through Her Lens: The stories behind the photography of Eva Sereny
Forewords by Jacqueline Bisset and Charlotte Rampling, ACC Art Books
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Women & Power: A Manifesto
Mary Beard
Profile Books and London Review of Books
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.