Abu Dhabi Islamic Bank bore the brunt of a sluggish start to day on the Abu Dhabi bourse, as its shares slipped 3.33 per cent to Dh2.9.
Its malaise was reflected elsewhere on the Abu Dhabi Securities Exchange General Index which lost 0.08 per cent during early trading dropping to 2,763.96 points.
The emirate's real estate sector remained relatively flat as Sorouh Real Estate was unchanged at Dh1.71 and Aldar Properties at Dh2.43.
But Methaq Takaful Insurance Company provided the morning's ray of hope seeing its shares increase 1.5 per cent to Dh2.68. The Dubai Financial Market (DFM) General Index opened 0.1 per cent down to 1,674.06 points.
Its property sector fared better than Abu Dhabi's with Emaar Properties increasing 0.5 per cent to Dh3.71 and Arabtec gaining 1.5 per cent to Dh2.04 while Deyaar rose 1 per cent to Dh0.30.
Markets in Asia were cheered by China's decision not to raise borrowing costs even as inflation climbed 5.1 per cent in November.
The Hang Seng Index was up 0.3 per cent to 23,234.63 points and Japan's Nikkei rose 0.8 per cent to 10,293.89 points, though the MSCI Asia Pacific Index slipped 0.2 per cent to 133.09.
Commodities also advanced as copper futures jumped to an all-time high as the increased imports by the world's largest consumer boosted outlook for demand.
Three-month copper on the London Metal Exchange gained as much as 1.5 percent to $9,120 a metric ton, and traded at $9,108 at 12:22pm in Singapore.
Gold for immediate delivery reached a record $1,431.25 an ounce on December 7 and traded at $1,386 at the end of last week. Silver last week climbed to a 30-year high of $30.7025 an ounce and was last at $28.6712.
'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
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What is Folia?
Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.
Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."
Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.
In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love".
There are also plans to take Folia to several more locations throughout the Middle East and Europe.
While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
ACC%20T20%20Women%E2%80%99s%20Championship
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The distance learning plan
Spring break will be from March 8 - 19
Public school pupils will undergo distance learning from March 22 - April 2. School hours will be 8.30am to 1.30pm
Staff will be trained in distance learning programmes from March 15 - 19
Teaching hours will be 8am to 2pm during distance learning
Pupils will return to school for normal lessons from April 5
Aayan%E2%80%99s%20records
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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
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances