Shares in Dubai rose on Sunday following Friday’s gains by global equities and a further recovery in oil prices, while Abu Dhabi shares fell.
Global markets continued to take forecasts of a US interest rate rise next month in their stride. The S&P 500 had its best week of the year so far, closing up 3.3 per cent.
Oil prices continued to rise last week, after the Saudi oil minister Ali Al Naimi said the kingdom was working with Opec producers and others to stabilise the market. Brent crude futures had their first weekly increase since late October, closing at US$44.66 per barrel.
The Dubai Financial Market General Index ended the day up 0.5 per cent at 3,289.74, while Abu Dhabi's headline index closed 0.2 per cent lower at 4,250.82.
Damac Properties and Emirates NBD were among the lead gainers in Dubai, closing up 5.1 and 3.5 per cent respectively. In the capital, gains by NBAD and FGB were offset by Union National Bank and Etisalat, which closed down 9.9 and 1.2 per cent respectively.
Dana Gas rose 4.8 per cent to 43 fils after the High Court of England had ordered Iraq's Kurdish Regional Government to pay $100 million.
jeverington@thenational.ae
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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
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
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