Regional bourses buck the global drop



Shares across the Arabian Gulf finished slightly lower, but were largely unaffected by the political jitters affecting global bourses.

Indexes in Asia and Europe fell sharply amid the growing controversy surrounding the US president Donald Trump. The Nikkei closed 1.3 per cent lower, with the Euro Stoxx 50 down 1.1 per cent in the late afternoon.

The futures markets predicted fresh falls for US stocks, which had their worst day in eight months on Wednesday.

Stocks in the Arabian Gulf by contrast finished relatively unscathed. Bloomberg’s GCC 200, which tracks stocks across the region, closed just 0.2 per cent lower, ending the week up 0.9 per cent, even as oil prices retreated towards early-week levels.

“Over the past week, oil was on a bit of a rip, but GCC markets didn’t really respond all that positively,” said Julian Bruce, the head of institutional trading at EFG Hermes in Dubai. “So when oil and other markets came off the boil there wasn’t as much pressure on local stocks, with profit-taking more pronounced elsewhere.”

Shares in Dubai gave up Wednesday’s gains, closing down 0.5 per cent at 3,378.02, dragged lower by Emaar Properties and DXB Entertainments. Drake & Scull International and Marka resumed their downward trend, closing down 2.7 per cent and 0.1 per cent, respectively.

The Abu Dhabi Securities Exchange General Index ended the day down 0.3 per cent at 4,581.30, on the exchange’s quietest trading day in seven months. Shares in Dana Gas were unchanged at 42 fils, after it announced it had received payment of 18 per cent of its outstanding receivables from the Egypt government.

jeverington@thenational.ae

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Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

'Texas Chainsaw Massacre'

Rating: 1 out of 4

Running time: 81 minutes

Director: David Blue Garcia

Starring: Sarah Yarkin, Elsie Fisher, Mark Burnham

If you go
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

The years Ramadan fell in May

1987

1954

1921

1888

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
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Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Points to remember
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Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Muzzamil Afridi, Rahman Gul, Rizwan Haider (Dezo Devils); Shahbaz Ahmed, Suneth Sampath (Glory Gladiators); Waqas Gohar, Jamshaid Butt, Shadab Ahamed (Ganga Fighters); Ali Abid, Ayaz Butt, Ghulam Farid, JD Mahesh Kumara (Hiranni Heros); Inam Faried, Mausif Khan, Ashok Kumar (Texas Titans

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Full name: Aisha Abdulqader Saeed

Age: 34

Emirate: Dubai

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Stage 7:

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2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

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1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

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4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Turning%20waste%20into%20fuel
%3Cp%3EAverage%20amount%20of%20biofuel%20produced%20at%20DIC%20factory%20every%20month%3A%20%3Cstrong%3EApproximately%20106%2C000%20litres%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EAmount%20of%20biofuel%20produced%20from%201%20litre%20of%20used%20cooking%20oil%3A%20%3Cstrong%3E920ml%20(92%25)%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3ETime%20required%20for%20one%20full%20cycle%20of%20production%20from%20used%20cooking%20oil%20to%20biofuel%3A%20%3Cstrong%3EOne%20day%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EEnergy%20requirements%20for%20one%20cycle%20of%20production%20from%201%2C000%20litres%20of%20used%20cooking%20oil%3A%3Cbr%3E%3Cstrong%3E%E2%96%AA%20Electricity%20-%201.1904%20units%3Cbr%3E%E2%96%AA%20Water-%2031%20litres%3Cbr%3E%E2%96%AA%20Diesel%20%E2%80%93%2026.275%20litres%3C%2Fstrong%3E%3C%2Fp%3E%0A