Dubai's measure reversed gains made during the first half of the trading session, as the markets were challenged by technical barriers, brokers said.
The Dubai Financial Market General Index closed 1.1 per cent lower to 1600.04. The index initially opened up 0.06 per cent higher at 11:06 am.
"The trend says in the short term that it looks like we're in an area between a resistance and support point," said Mohammed Ali Yasin, chief investment officer of CAPM Investments in Abu Dhabi. "We need a catalyst or a support point to push the market one way or another, which has not materialised today," he said.
Emaar Properties traded down 0.6 per cent to Dh3.39 a share. Dubai Financial Market Company, the Arab world's only listed exchange, lost 2 per cent to Dh1.46.
In Abu Dhabi, the index closed 0.3 per cent lower to 2695.19. Dana Gas closed 2.7 per cent higher to 74 fils, after Syria's deputy Oil Minister Hassan Zainab said the company had bid for rights to explore for oil in eight blocks in the country. "Foreigners were buying Dana today," Mr Yassin said.
Elsewhere in the region, Kuwait's measure traded up 1.8 per cent to 6918.50. Bahrain's index lost 0.1 per cent to 1426.34. Oman's measure gained half a per cent to 6753.62. Qatar's bourse lost 0.1 per cent to 8720.61. The Saudi Tadawul All-Share Index dipped 0.4 per cent to 6581.90.
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Dubai World Cup Carnival Thursday race card
6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m
7.05pm: Handicap $135,000 (T) 1,600m
7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m
8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m
8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m
9.25pm: Handicap $135,000 (D) 1,400m
10pm: Handicap $135,000 (T) 1,600m
The specs
Engine: four-litre V6 and 3.5-litre V6 twin-turbo
Transmission: six-speed and 10-speed
Power: 271 and 409 horsepower
Torque: 385 and 650Nm
Price: from Dh229,900 to Dh355,000
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
What is 'Soft Power'?
Soft power was first mentioned in 1990 by former US Defence Secretary Joseph Nye.
He believed that there were alternative ways of cultivating support from other countries, instead of achieving goals using military strength.
Soft power is, at its root, the ability to convince other states to do what you want without force.
This is traditionally achieved by proving that you share morals and values.
Pad Man
Dir: R Balki
Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte
Three-and-a-half stars
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MATCH INFO
Liverpool v Manchester City, Sunday, 8.30pm UAE
Types of fraud
Phishing: Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.
Smishing: The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.
Vishing: The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.
SIM swap: Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.
Identity theft: Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.
Prize scams: Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.
* Nada El Sawy
Tightening the screw on rogue recruiters
The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.
Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.
A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.
The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.
The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.
Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.
Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment
But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.