Emaar Properties rose to the highest level in almost two years after the region's biggest developer announced it intended to build projects in Iraq.
Emaar's shares gained 1.9 per cent to Dh3.73, the highest level since December 2010, on the Dubai bourse yesterday. The developer signed an agreement with Iraq's construction and housing ministry on Thursday to develop property projects.
"The latest development is definitely good for Emaar, it's an expansion of their current geography," said Tariq Qaqish, the deputy head of asset management at Al Mal Capital. "But we need to understand the mechanism and the margins to determine how profitable it will be for the company."
Analysts expect the company to post an 18 per cent increase in third-quarter profit, Bloomberg reported. The Dubai Financial Market General Index closed up 1 per cent to 1,644.28 points.
In Abu Dhabi, Aldar Properties, the developer behind Yas Island, gained 0.7 per cent to Dh1.34. Sorouh Real Estate, the developer behind Reem Island's Sun & Sky Towers, lost 0.7 per cent to Dh1.25.
The Abu Dhabi Securities Exchange General Index was little changed, down 0.08 per cent, to 2,647.89.
Elsewhere in the region: Kuwait's measure added 0.1 per cent to 6,005.84; Bahrain's index lost 0.6 per cent to 1,070.59; Oman's MSM 30 Index was little changed, up 0.07 per cent, to 5,650.42; Qatar's QE Index gained 0.2 per cent to 8,502.25.
The Saudi Tadawul All-Share Index fell 0.36 per cent to 6,863.30.
halsayegh@thenational.ae
FIGHT%20CARD
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Abu Dhabi traffic facts
Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road
The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.
Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.
The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.
The highest levels of traffic were found on Sunday, November 10.
Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019
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More from Janine di Giovanni
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Cultural fiesta
What: The Al Burda Festival
When: November 14 (from 10am)
Where: Warehouse421, Abu Dhabi
The Al Burda Festival is a celebration of Islamic art and culture, featuring talks, performances and exhibitions. Organised by the Ministry of Culture and Knowledge Development, this one-day event opens with a session on the future of Islamic art. With this in mind, it is followed by a number of workshops and “masterclass” sessions in everything from calligraphy and typography to geometry and the origins of Islamic design. There will also be discussions on subjects including ‘Who is the Audience for Islamic Art?’ and ‘New Markets for Islamic Design.’ A live performance from Kuwaiti guitarist Yousif Yaseen should be one of the highlights of the day.
Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.
A semen analysis of the father showed abnormal sperm so the couple required IVF.
Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.
A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.
On day three of the process, 14 embryos were biopsied for gender selection.
The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.
Day five of the treatment saw two male embryos transferred to the patient.
The woman recorded a positive pregnancy test two weeks later.
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
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COMPANY%20PROFILE
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Company%20profile
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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COMPANY%20PROFILE
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What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
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