UAE bourses start day in positive mood

UAE markets moved upwards this morning as a stream of positive domestic news strengthened trading.

The Dubai Financial Market General Index added 0.3 per cent to 1706.16, led by Dubai based logistics courier, Aramex.

The company announced several moves including raising its stake in its Turkey subsidiary to 100 per cent, acquiring major stakes in Avanti in Malaysia and Expo Express in Bangladesh, and also forming a joint venture to launch advance logistics in Vietnam.

Shares of Aramex added 3 per cent to Dh2.06 a share, the most actively traded stock on the Dubai bourse so far. According to broker reports, foreign ownership in shares of the company have reached 48.8 per cent. The maximum for Aramex is 49 per cent.

The Abu Dhabi Securities Exchange General Index moved up 0.5 per cent to 2754.60. Aldar Properties, developer of the Yas Marina Circuit and Ferrari World, added 2.8 per cent to Dh1.80. Sorouh Real Estate, Abu Dhabi's second biggest developer added 1.1 per cent to Dh1.13.

The dollar dropped against the euro and yen, as benchmark Treasury yields dropped from their highest level in six months. The greenback fell to 1.3308 per euro as of 2.25 pm in Tokyo ahead of the Federal Reserve meeting scheduled to take place on Dec 14 to discuss further Treasury purchases.

Elsewhere in the region, Kuwait's measure dipped 0.1 per cent to 6848.40. Bahrain's measure added 0.2 per cent to 1433.04. Oman's bourse gained 0.3 per cent to 6717.26. Qatar's measure added 1.7 per cent to 8779.49. The Saudi Tadawul All-Share Index was closed for the day.

Bib Gourmand restaurants

Al Khayma
Bait Maryam
Brasserie Boulud
Ibn AlBahr
Indya by Vineet
Orfali Bros
Reif Japanese Kushiyaki


Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Jos Buttler (wicketkeeper), Tom Curran, Joe Denly, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood


Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Last five meetings

2013: South Korea 0-2 Brazil

2002: South Korea 2-3 Brazil

1999: South Korea 1-0 Brazil

1997: South Korea 1-2 Brazil

1995: South Korea 0-1 Brazil

Note: All friendlies

The winners


  • ‘Amreekiya’  by Lena Mahmoud
  •  ‘As Good As True’ by Cheryl Reid

The Evelyn Shakir Non-Fiction Award

  • ‘Syrian and Lebanese Patricios in Sao Paulo’ by Oswaldo Truzzi;  translated by Ramon J Stern
  • ‘The Sound of Listening’ by Philip Metres

The George Ellenbogen Poetry Award

  • ‘Footnotes in the Order  of Disappearance’ by Fady Joudah

Children/Young Adult

  •  ‘I’ve Loved You Since Forever’ by Hoda Kotb 
The specs

Engine: Two permanent-magnet synchronous AC motors

Transmission: two-speed

Power: 671hp

Torque: 849Nm

Range: 456km

Price: from Dh437,900 

On sale: now

Pots for the Asian Qualifiers

Pot 1: Iran, Japan, South Korea, Australia, Qatar, United Arab Emirates, Saudi Arabia, China
Pot 2: Iraq, Uzbekistan, Syria, Oman, Lebanon, Kyrgyz Republic, Vietnam, Jordan
Pot 3: Palestine, India, Bahrain, Thailand, Tajikistan, North Korea, Chinese Taipei, Philippines
Pot 4: Turkmenistan, Myanmar, Hong Kong, Yemen, Afghanistan, Maldives, Kuwait, Malaysia
Pot 5: Indonesia, Singapore, Nepal, Cambodia, Bangladesh, Mongolia, Guam, Macau/Sri Lanka

TECH SPECS: APPLE WATCH SE (second generation)

Display: 40mm, 324 x 394; 44mm, 368 x 448; Retina LTPO OLED, up to 1000 nits; Ion-X glass

Processor: Apple S8, W3 wireless

Capacity: 32GB

Memory: 1GB

Platform: watchOS 9

Health metrics: 2nd-gen heart rate sensor, workouts, fall/crash detection; emergency SOS, international emergency calling

Connectivity: GPS/GPS + cellular; Wi-Fi, LTE, Bluetooth 5.3, NFC (Apple Pay)

Durability: Water resistant up to 50m

Battery: 269mAh Li-ion, up to 18h, wireless charging

Cards: eSIM

Finishes: Aluminium; midnight, silver, starlight

In the box: Watch SE, magnetic-to-USB-C charging cable, band/loop

Price: Starts at Dh999 (40mm) / 1,119 (44mm)

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