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
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
UAE currency: the story behind the money in your pockets
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Healthy tips to remember
Here, Dr Mohamed El Abiary, paediatric consultant at Al Zahra Hospital Dubai, shares some advice for parents whose children are fasting during the holy month of Ramadan:
Gradual fasting and golden points - For children under the age of 10, follow a step-by-step approach to fasting and don't push them beyond their limits. Start with a few hours fasting a day and increase it to a half fast and full fast when the child is ready. Every individual's ability varies as per the age and personal readiness. You could introduce a points system that awards the child and offers them encouragement when they make progress with the amount of hours they fast
Why fast? - Explain to your child why they are fasting. By shedding light on the importance of abstaining from food and drink, children may feel more encouraged to give it there all during the observance period. It is also a good opportunity to teach children about controlling urges, doing good for others and instilling healthy food habits
Sleep and suhoor - A child needs adequate sleep every night - at least eight hours. Make sure to set a routine early bedtime so he/she has sufficient time to wake up for suhoor, which is an essential meal at the beginning of the day
Good diet - Nutritious food is crucial to ensuring a healthy Ramadan for children. They must refrain from eating too much junk food as well as canned goods and snacks and drinks high in sugar. Foods that are rich in nutrients, vitamins and proteins, like fruits, fresh meats and vegetables, make for a good balanced diet
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Liverpool 4-1 Shrewsbury
Liverpool
Gordon (34'), Fabinho (44' pen, 90' 3), Firmino (78')
Shrewsbury
Udoh (27'minutes)
Man of the Match: Kaide Gordon (Liverpool)
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
The specs
Engine: 5.2-litre V10
Power: 640hp at 8,000rpm
Torque: 565Nm at 6,500rpm
Transmission: 7-speed dual-clutch auto
Price: From Dh1 million
On sale: Q3 or Q4 2022
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Super 30
Produced: Sajid Nadiadwala and Phantom Productions
Directed: Vikas Bahl
Cast: Hrithik Roshan, Pankaj Tripathi, Aditya Srivastav, Mrinal Thakur
Rating: 3.5 /5
Mercedes-AMG GT 63 S E Performance: the specs
Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor
Power: 843hp at N/A rpm
Torque: 1470Nm N/A rpm
Transmission: 9-speed auto
Fuel consumption: 8.6L/100km
On sale: October to December
Price: From Dh875,000 (estimate)
