Talks of a bailout for Ireland helped boost bourses in the Emirate yesterday.
Talks of a bailout for Ireland helped boost bourses in the Emirate yesterday.

Shares rise as news on Ireland is felt globally



UAE bourses closed higher yesterday as Ireland's deficit-cutting plan lifted global markets.

The Dubai Financial Market (DFM) General Index rose 0.5 per cent to 1,682.23 points and the Abu Dhabi Securities Exchange (ADX) General Index increased 0.04 per cent to 2,756.89 points.

Talks on a bailout for Ireland helped boost investor sentiment. On the DFM, Emaar Properties rose 0.83 per cent to Dh3.65, Deyaar Development advanced 0.3 per cent to Dh0.30 and Dubai Islamic Bank inched 0.46 per cent higher to Dh2.20.

In Abu Dhabi, First Gulf Bank was the top gainer in early trading, rising 2.6 per cent. It closed a net 1.1 per cent higher at Dh17.70.

But shares in Abu Dhabi Commercial Bank (ADCB) fell 0.43 per cent to Dh2.33 as the bank said it had sued Credit Suisse Group and Standard & Poor's in New York. ADCB alleges it was misled in a 2007 investment that went bad.

Property stocks, seen as heavyweights on the UAE market, were mixed. Aldar Properties, the most actively traded stock on the ADX, rose 1.45 per cent to Dh2.24, and Sorouh Real Estate rose 0.64 per cent to Dh1.64.

"It's still like a holiday [on the market]," said Ameed Kanaan, the general manager at Al Jazira Financial Services, noting volumes were low. "There are clear problems in the region. The trust is missing and there is no cash passing between investors."

In the wider region, Qatar rose by 0.4 per cent to 8,178.77, Oman increased 0.2 per cent to 6,550.85 and Bahrain inched up 0.1 per cent to 1,438.51. Kuwait fell 0.1 per cent to 6,928.00. The Saudi Tadawul All-Share Index was closed.

Call of Duty: Black Ops 6

Developer: Treyarch, Raven Software
Publisher:  Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5

Match info

Costa Rica 0

Serbia 1
Kolarov (56')

SPECS

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Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
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THE SPECS

Engine: Four-cylinder 2.5-litre

Transmission: Seven-speed auto

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Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
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Engine: 1.5-litre 4-cylinder petrol

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Favourite film: The Notebook  

Favourite book: What I know for sure by Oprah Winfrey

Favourite quote: “Social equality is the only basis of human happiness” Nelson Madela.           Hometown: Emmen, The Netherlands

Favourite activities: Walking on the beach, eating at restaurants and spending time with friends

Job: Founder and Managing Director of Mawaheb from Beautiful Peopl

Lowest Test scores

26 - New Zealand v England at Auckland, March 1955

30 - South Africa v England at Port Elizabeth, Feb 1896

30 - South Africa v England at Birmingham, June 1924

35 - South Africa v England at Cape Town, April 1899

36 - South Africa v Australia at Melbourne, Feb. 1932

36 - Australia v England at Birmingham, May 1902

36 - India v Australia at Adelaide, Dec. 2020

38 - Ireland v England at Lord's, July 2019

42 - New Zealand v Australia in Wellington, March 1946

42 - Australia v England in Sydney, Feb. 1888

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
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Transmission: Single-speed automatic
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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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Engine: 4.4-litre V8

Transmission: Automatic

Power: 530bhp 

Torque: 750Nm 

Price: Dh535,000

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