The Abu Dhabi Securities Exchange fell by 1.8 per cent on Thursday, driven down by financial stocks.
Investbank fell 10 per cent. FGB’s share price fell 6.2 per cent, while Waha Capital fell 2.3 per cent.
Seven members of the exchange rose, 11 fell and 43 stocks remained unchanged in price.
Al Khaleej Investment rose 14.8 per cent, while the Abu Dhabi National Company for Building Material rose 2.7 per cent.
The Dubai Financial Market remained unchanged overall.
Thirteen stocks on the exchange rose, 13 stocks fell and nine were unchanged.
Gulf Navigation was the biggest loser on the DFM, falling 4.8 per cent. Tabreed rose 8 per cent, while Dubai Parks and Resorts rose 3.5 per cent.
Emaar Properties fell 3 per cent, its biggest one day decline since January 26.
Arabtec fell 0.6 per cent, completing a full week of declines following news that it was in negotiations with the Egyptian government to alter the terms of its contract to provide US$40 billion of affordable houses.
The MSCI Emerging Markets Index fell 1 per cent, after declines across Chinese equities.
The Saudi Tadawul gained 0.6 per cent.
The Egyptian Stock Exchange was the best-performing in the emerging markets, rising 1.2 per cent after the cabinet on Wednesday approved a long-awaited draft law on investment aimed at making deals less vulnerable to legal disputes or changes in government.
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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
MATCH INFO
Inter Milan 2 (Vecino 65', Barella 83')
Verona 1 (Verre 19' pen)
Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Profile box
Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
