Qatar’s stocks yesterday fell as much as 3.3 per cent before closing 2.4 per cent lower as concern deepened the nation may lose the right to host the 2022 Fifa World Cup.
Qatar Islamic Bank led the decline, retreating 7.6 per cent. A panel looking into the awarding of the tournament said on Monday it would issue a report in July into the possibility of corruption in the process.
“There might be re-voting and that’s all very negative news,” said Hisham Khairy, the Dubai-based head of institutional trade at Mena Corp Financial Services. “Everyone is worried about it and everybody is reducing their positions.”
UAE markets also dipped yesterday, with the Dubai index falling 1.5 per cent to 5,072.9 points and Abu Dhabi’s by 1.4 per cent to 5,064.
The property sector led the decline in Dubai, with Union Properties losing 2.1 per cent to Dh2.33 each. Emaar’s stock also fell by 3.4 per cent to Dh10.05 each, while Arabtec stock dropped by 2.4 per cent to Dh6.42 each.
In Abu Dhabi, Aldar Properties stock lost 3 per cent to Dh4.27 each.
Shares of Union National Bank fell 2.9 per cent to Dh6.31 each, while FGB also dropped by 2.9 per cent to Dh16.8 a share.
halbustani@thenational.ae
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Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Museum of the Future in numbers
- 78 metres is the height of the museum
- 30,000 square metres is its total area
- 17,000 square metres is the length of the stainless steel facade
- 14 kilometres is the length of LED lights used on the facade
- 1,024 individual pieces make up the exterior
- 7 floors in all, with one for administrative offices
- 2,400 diagonally intersecting steel members frame the torus shape
- 100 species of trees and plants dot the gardens
- Dh145 is the price of a ticket
Sri Lanka squad
Dinesh Chandimal, Dimuth Karunaratne, Kaushal Silva, Kusal Mendis, Angelo Mathews, Lahiru Thirimanne, Niroshan Dickwella, Sadeera Samarawickrama, Rangana Herath, Suranga Lakmal, Nuwan Pradeep, Lakshan Sandakan, Vishwa Fernando, Lahiru Kumara, Jeffrey Vandersay, Milinda Siriwardana, Roshen Silva, Akila Dananjaya, Charith Asalanka, Shaminda Eranga and Dhammika Prasad.
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
ESSENTIALS
The flights
Etihad (etihad.com) flies from Abu Dhabi to Mykonos, with a flight change to its partner airline Olympic Air in Athens. Return flights cost from Dh4,105 per person, including taxes.
Where to stay
The modern-art-filled Ambassador hotel (myconianambassador.gr) is 15 minutes outside Mykonos Town on a hillside 500 metres from the Platis Gialos Beach, with a bus into town every 30 minutes (a taxi costs €15 [Dh66]). The Nammos and Scorpios beach clubs are a 10- to 20-minute walk (or water-taxi ride) away. All 70 rooms have a large balcony, many with a Jacuzzi, and of the 15 suites, five have a plunge pool. There’s also a private eight-bedroom villa. Double rooms cost from €240 (Dh1,063) including breakfast, out of season, and from €595 (Dh2,636) in July/August.
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BMW%20M4%20Competition
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The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Killing of Qassem Suleimani
Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5