Local equities surged yesterday after investor sentiment was boosted amid higher corporate earnings and expectations of a stronger outlook this year.
Dana Gas jumped 2.7 per cent to 38 fils in Abu Dhabi. The UAE gas explorer and producer said full-year profit reached Dh506 million, up from Dh158m a year earlier.
"We need to see more positive cashflow coming to the company to help make a rational investment decision on the stock," said Tariq Qaqish, a senior fund manager at Al Mal Capital.
Dana Gas has a US$1 billion Islamic bond due in October.
Deyaar Development gained 3.7 per cent to Dh22.4 fils in Dubai.
The developer said it would hand over 1,080 homes and commercial properties valued at Dh1.5bn this year.
Tamweel surged 6.4 per cent to 68 fils. The Islamic mortgage company on Sunday said fourth-quarter rose to Dh31m from Dh8m in the same period a year earlier.
The Abu Dhabi Securities Exchange General Index slipped 0.4 per cent to 2,421.62, while the Dubai Financial Market General Index added 0.2 per cent to 1,404.91.
Elsewhere in the region, Kuwait's index added 0.1 per cent to 5,865.40; Bahrain's measure lost 0.3 per cent to 1,135.56; Oman's MSM 30 Index was little changed at 5,591.2; Qatar's QE Index added 0.3 per cent to 8,472.38.
The Saudi Tadawul All-Share Index rose 0.08 per cent to 6,560.25.
halsayegh@thenational.ae
Frankenstein in Baghdad
Ahmed Saadawi
Penguin Press
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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HAJJAN
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How Beautiful this world is!
Second ODI
England 322-7 (50 ovs)
India 236 (50 ovs)
England win by 86 runs
Next match: Tuesday, July 17, Headingley
Cry Macho
Director: Clint Eastwood
Stars: Clint Eastwood, Dwight Yoakam
Rating:**
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Bugatti Chiron Super Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,600hp
Torque: 1,600Nm
0-100kph in 2.4seconds
0-200kph in 5.8 seconds
0-300kph in 12.1 seconds
Top speed: 440kph
Price: Dh13,200,000
Bugatti Chiron Pur Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,500hp
Torque: 1,600Nm
0-100kph in 2.3 seconds
0-200kph in 5.5 seconds
0-300kph in 11.8 seconds
Top speed: 350kph
Price: Dh13,600,000
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes.
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com
