The Dubai Financial Market (DFM) made strong strides yesterday, as investors bought up shares amid optimism ahead of third-quarter earnings season.
Emaar Properties, the developer behind the world's tallest skyscraper, advanced 2.2 per cent to close at Dh3.65. Dubai Investments, whose portfolio consists of more than 40 companies, rose 5 per cent to 86 fils. The DFM General Index gained 1.2 per cent to 1,623.24 points.
On the Nasdaq Dubai exchange, shares in the Dubai ports operator DP World rose 3.2 per cent to US$11.75.
"There is a good feeling all round," said Haissam Arabi, the chief executive at the asset manager Gulfmena Investments in Dubai. "Investors are optimistic about the third-quarter results."
Dana Gas gained 2.3 per cent to 44 fils on the Abu Dhabi Securities Exchange (ADX). Aldar Properties, the developer behind Yas Island, added 0.7 per cent to Dh1.33. Sorouh Real Estate, which built the Sun and Sky Towers on Reem Island, gained 0.8 per cent to Dh1.26.
The ADX General Index rose 0.2 per cent to 2,653.47.
Elsewhere in the region: Kuwait's measure added 0.1 per cent to 5,980.32; Oman's MSM 30 Index ended slightly higher, up 0.2 per cent, to 5,617.22; Bahrain's index lost 0.2 per cent to 1,076.90; Qatar's QE Index fell 0.3 per cent to 8,503.97. The Saudi Tadawul All-Share Index ended down 0.1 per cent to 6,887.29.
halsayegh@thenational.ae
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Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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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
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
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