The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
asia9 hours ago
The National Bank of Abu Dhabi, the biggest traded lender in the UAE by market value, gained 3.1 per cent to Dh25.25 on the day on which it approved a 40 per cent cash dividend and 30 per cent bonus shares at its annual general meeting.
Shares in the Abu Dhabi National Co. for Building Materials (BILDCO), a supplier of steel, cement, stones and hardware to construction companies, jumped 3 per cent to Dh3.81. Shareholders approved a cash dividend of 25 fils per share,
The Abu Dhabi National Takaful Company (TKFL) saw its shares climb nearly 9 per cent to close at Dh3.52.
In Dubai, the Dubai Financial Market (DFM) General Index fell 1.2 per cent to close at 4,013.61. Emaar, the largest publicly traded real-estate developer in the Middle East, rose 1.2 per cent to Dh12.2, after falling 5.1 per cent the previous day. The shares fell after the company slashed its dividend by 50 per cent, saying that it needed to invest more in new projects for the long term.
Gulf General Investment Company, a UAE investor in real estate and industrial projects, lost 0.8 per cent to Dh8.58.
The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
asia9 hours ago
Dubai Police have asked drivers to be extra cautious
transport10 hours ago
The former all-rounder has returned to cricket during the past year after a horrific car crash at the end of 2022
cricket10 hours ago
Dubai Police have asked drivers to be extra cautious
emergencies11 hours ago
The country has set a new Guinness World Record by creating the largest falcon hood, beating the previous record of 1.65 metres
uae11 hours ago
Hamas' health ministry said that 94,616 people have been wounded since the conflict began on October 7
mena11 hours ago
In most Islamic countries, including the Gulf countries, the Prophet's birthday is observed on 12 Rabi’ Al-Awwal 1444
uae holidays12 hours ago
Traffic will be diverted to the opposite side during this period
transport13 hours ago