Drake & Scull International rose yesterday after the contractor based in Dubai announced it had been awarded Dh96 million worth of contracts in Oman.
The company said it would oversee the complete mechanical, electrical and plumbing works, according to a statement it filed on the Dubai Financial Market (DFM) website recently.
DSI’s shares advanced 0.3 per cent to 80 fils. Trading was subdued on the DFM as oil declined and most investors bet the UAE would not be upgraded to emerging markets from its current frontier markets status by MSCI.
“The UAE markets rely on prices of oil and the impact that high oil has on liquidity in the UAE and the banking sector, or the extent that Dubai can pay its upcoming debts with ease,” said Rakan Himadeh, an assistant fund manager at Al Mal Capital in Dubai.
Brent for August delivery fell 73 cents to US$95.32 a barrel in early morning trading on the London-based ICE Futures Europe Exchange.
The DFM General Index added 0.3 per cent to 1,479.20.
In the capital, the Abu Dhabi Securities Exchange General Index gained slightly, rising 0.3 per cent to 2,467.97.
Elsewhere in the region: Kuwait’s measure was little changed at 5,945.08; Bahrain’s index slipped 0.1 per cent to 1,128.70; Oman’s MSM 30 Index lost 0.1 per cent to 5,700.24; Qatar’s QE Index added 0.4 per cent to 8,314.
Meanwhile, the Saudi Tadawul All-Share Index moved 0.1 per cent to 6817.26.
HAlSayegh@thenational.ae
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MATCH INFO
Chelsea 3 (Abraham 11', 17', 74')
Luton Town 1 (Clark 30')
Man of the match Abraham (Chelsea)
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Green ambitions
- Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
- Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
- Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
- Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water
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.
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
COMPANY%20PROFILE
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
Past winners of the Abu Dhabi Grand Prix
2016 Lewis Hamilton (Mercedes-GP)
2015 Nico Rosberg (Mercedes-GP)
2014 Lewis Hamilton (Mercedes-GP)
2013 Sebastian Vettel (Red Bull Racing)
2012 Kimi Raikkonen (Lotus)
2011 Lewis Hamilton (McLaren)
2010 Sebastian Vettel (Red Bull Racing)
2009 Sebastian Vettel (Red Bull Racing)
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