The Dubai Financial Market (DFM) fell yesterday after rallying the previous day as speculation mounted that the US Federal Reserve may introduce stimulus measures to ease the world's largest economy at a meeting tomorrow and Thursday.
Emaar Properties, the developer behind the world's tallest tower, lost 1.1 per cent to Dh3.36. Drake & Scull International dipped 1.2 per cent to 86 fils. The DFM General Index closed 0.8 per cent lower to 1,557.21.
The benchmark rallied 1 per cent on Sunday, with some stocks up as much as 4 per cent, tracking euphoric gains made in European and US markets over the weekend.
"It was a bit of a slight drop today," said Anastasios Dalgiannakis, the head of trading at Mubasher Financial Services in Dubai. "A small correction in line with a drop internationally. The outlook for UAE equities, however, still remains positive."
As UAE markets headed towards the close, European markets opened lower, while US stock futures indicated the benchmarks would open on a negative note.
The Abu Dhabi Securities Exchange General Index inched 0.1 per cent higher to 2,592.64.
Elsewhere in the region: Kuwait's measure lost 0.6 per cent to 5,850.13; Bahrain's index added 0.2 per cent to 1,076.67; Oman's MSM 30 Index was little changed, down 0.03 per cent, to 5,592.09; Qatar's QE Index added 0.2 per cent to 8,477.76.
The Saudi Tadawul All-Share Index declined 0.33 per cent to 7,072.60.
halsayegh@thenational.ae
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
Company%20Profile
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COMPANY%20PROFILE
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if you go
The flights Fly Dubai, Air Arabia, Emirates, Etihad, and Royal Jordanian all offer direct, three-and-a-half-hour flights from the UAE to the Jordanian capital Amman. Alternatively, from June Fly Dubai will offer a new direct service from Dubai to Aqaba in the south of the country. See the airlines’ respective sites for varying prices or search on reliable price-comparison site Skyscanner.
The trip
Jamie Lafferty was a guest of the Jordan Tourist Board. For more information on adventure tourism in Jordan see Visit Jordan. A number of new and established tour companies offer the chance to go caving, rock-climbing, canyoning, and mountaineering in Jordan. Prices vary depending on how many activities you want to do and how many days you plan to stay in the country. Among the leaders are Terhaal, who offer a two-day canyoning trip from Dh845 per person. If you really want to push your limits, contact the Stronger Team. For a more trek-focused trip, KE Adventure offers an eight-day trip from Dh5,300 per person.
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
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: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
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
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
The Freedom Artist
By Ben Okri (Head of Zeus)
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
