Abu Dhabi Commercial Bank rose to its 31-month high, as it proceeds with the auction of its stake in Malaysian bank RHB.
More Business news: Editor's pick of today's headlines
Last Updated: June 6, 2011
Palestine to issue $50m bond The Palestine Monetary Authority plans to issue its first ever Islamic bond, worth US$50 million (Dh184m), by the end of the current quarter. Read article
Markets burning with merger fever Industry Insights // A wave of merger activity has swept global stock exchanges. Read article
More business
Shares rose 2.7 per cent to its highest level since October 2008 after sources said it won't let planned bids by Malaysian lenders Maybank and CIMB to merge with RHB derail its auction.
ADCB is selling its 25 per cent stake in RHB and an earlier auction had drawn interest from Japan's Sumitomo Mitsui Financial Group (SMFG) and Carlyle, according to sources.
The Abu Dhabi Securities Exchange General Index rose 0.2 per cent to 2672 points.
In Dubai, a Kuwait-based investment bank was the top traded stock this morning. Gulf Finance House surged 7.8 per cent higher to Dh1.65 a share.
The Dubai Financial Market General Index was up 0.1 per cent to 1569.56 points.
Elsewhere in the region, Kuwait's measure rose 0.2 per cent to 6307.00. Bahrain's index lost 0.5 per cent to 1329.69. Oman's measure was unchanged at 6044.84. Qatar's benchmark added 0.2 per cent to 8180.09. The Saudi Tadawul All-Share Index was unchanged at 6626.94.
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 White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
North Pole stats
Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
Terrain: Ice rock
South Pole stats
Distance covered: 130km
Temperature: -50°C
Weight of equipment: 50kg
Altitude (metres above sea level): 3,300
Terrain: Flat ice
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Killing of Qassem Suleimani