Dubai's stocks rose at the open, tracking Asian markets, ahead of a US federal reserve meeting where speculation has mounted that policymakers may introduce fresh stimulus to buoy the world's largest economy.
Tamweel, the Islamic mortgage company, jumped 2.3 per cent to Dh1.30. Emaar Properties, the developer behind the world's largest skyscraper, gained 1.1 per cent to Dh3.41. The Dubai Financial Market General Index was up 0.6 per cent to 1568.18 points.
In Abu Dhabi, Sorouh Real Estate continued to make decent strides, up 2.5 per cent to Dh1.23. The stock has risen by almost 10 per cent this week amid retail investors as it reached key technical levels. Aldar Properties, the developer behind Yas Island and Ferrari World, gained 1.6 per cent to Dh1.27. The Abu Dhabi Securities Exchange General Index was up 0.2 per cent to 2602.34 points.
Elsewhere in the region, Kuwait's measure slipped 0.1 per cent to 5815.98 points. Bahrain's index lost 0.3 per cent to 1072.51 points. Oman's MSM 30 Index added 0.1 per cent to 5561.57 points. Qatar's QE Index slipped 0.04 per cent to 8474.70 points.
The Saudi Tadawul All-Share Index added 0.2 per cent to 7086.80 points yesterday.
halsayegh@thenational.ae
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
The years Ramadan fell in May
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
The specs: McLaren 600LT
Price, base: Dh914,000
Engine: 3.8-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 600hp @ 7,500rpm
Torque: 620Nm @ 5,500rpm
Fuel economy 12.2.L / 100km
Voy!%20Voy!%20Voy!
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Omar%20Hilal%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Muhammad%20Farrag%2C%20Bayoumi%20Fouad%2C%20Nelly%20Karim%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Australia tour of Pakistan
March 4-8: First Test, Rawalpindi
March 12-16: Second Test, Karachi
March 21-25: Third Test, Lahore
March 29: First ODI, Rawalpindi
March 31: Second ODI, Rawalpindi
April 2: Third ODI, Rawalpindi
April 5: T20I, Rawalpindi
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
