Qatari banks declined at the close as central bank statistics for January showed weak loan growth. The country's measure was the worst performing index in the Gulf region.
Loans decreased 0.6 per cent month-on-month, as private sector loans decreased by 2 per cent during the same period. Deposits gained 9 per cent month-on-month while provisioning also increased by 0.3 per cent during the same period.
Commercial Bank of Qatar declined 9.9 per cent to 75.50 rials a share. Masraf al Rayan Bank, lost 3.1 per cent to 21.98. Qatar National Bank lost 3.8 per cent to 123.50 a share.
The country's measure, the QE Index, lost 3.5 per cent to 8187.44, the worst performing index in the Gulf region.
In the UAE, local indices continued to face headwinds from civil unrest in Libya.
The Abu Dhabi Securities Exchange General Index declined by 1.5 per cent to 2579.25. Asmak, or International Fish Farming Co, lost 6.2 per cent to Dh9.05. Dana Gas declined by 3.1 per cent to 62 fils.
Dubai's main measure, the Dubai Financial Market General Index lost 2.4 per cent to 1479.41. Arabtec Holding declined by 5.8 per cent to Dh1.44. Dubai Financial Company, the middle east's only listed exchange, lost 6.8 per cent to Dh1.23. Aramex declined by 7.3 per cent to Dh1.51.
Oil prices continue to gain higher grounds. Crude futures for March on the New York Mercantile Exchange rose as much as 9.6 per cent to $94.49 a barrel, while Brent gained 2.7 per cent on the ICE Futures exchange to $108.57.
Elsewhere in the region, Kuwait's bourse declined 0.1 per cent to 6417.70. Bahrain's index added 0.1 per cent to 1467.92. Oman's measure declined 1.4 per cent to 6729.83. The Saudi Tadawul All-Share Index lost 0.9 per cent to 6240.
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
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
Russia's Muslim Heartlands
Dominic Rubin, Oxford
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
The Specs
Price, base Dh379,000
Engine 2.9-litre, twin-turbo V6
Gearbox eight-speed automatic
Power 503bhp
Torque 443Nm
On sale now
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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Salah in numbers
€39 million: Liverpool agreed a fee, including add-ons, in the region of €39m (nearly Dh176m) to sign Salah from Roma last year. The exchange rate at the time meant that cost the Reds £34.3m - a bargain given his performances since.
13: The 25-year-old player was not a complete stranger to the Premier League when he arrived at Liverpool this summer. However, during his previous stint at Chelsea, he made just 13 Premier League appearances, seven of which were off the bench, and scored only twice.
57: It was in the 57th minute of his Liverpool bow when Salah opened his account for the Reds in the 3-3 draw with Watford back in August. The Egyptian prodded the ball over the line from close range after latching onto Roberto Firmino's attempted lob.
7: Salah's best scoring streak of the season occurred between an FA Cup tie against West Brom on January 27 and a Premier League win over Newcastle on March 3. He scored for seven games running in all competitions and struck twice against Tottenham.
3: This season Salah became the first player in Premier League history to win the player of the month award three times during a term. He was voted as the division's best player in November, February and March.
40: Salah joined Roger Hunt and Ian Rush as the only players in Liverpool's history to have scored 40 times in a single season when he headed home against Bournemouth at Anfield earlier this month.
30: The goal against Bournemouth ensured the Egyptian achieved another milestone in becoming the first African player to score 30 times across one Premier League campaign.
8: As well as his fine form in England, Salah has also scored eight times in the tournament phase of this season's Champions League. Only Real Madrid's Cristiano Ronaldo, with 15 to his credit, has found the net more often in the group stages and knockout rounds of Europe's premier club competition.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
States of Passion by Nihad Sirees,
Pushkin Press
The%20specs%3A%202024%20Mercedes%20E200
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now