There have been a series of school fires in the country in recent years, many of them which have turned out to be arson
africa10 hours ago
National Cement Co, a producer of cement, ready-mix concrete and aggregates for construction companies, was among the biggest losers on DFM for a second day. It slumped 3.9 per cent to Dh9.90, followed by Global Investment House, which slipped 3.7 per cent to Dh14.25.
Emirates Integrated Telecommunications Co, the UAE's second phone company known as du, declined 1.5 per cent to Dh5.95 and DFM Co, the only publicly traded stock exchange in the Middle East, lost 0.9 per cent to Dh5.72.
The country's budget carrier Air Arabia rose 0.5 per cent to Dh1.98 as it announced the resumption of flight to Lebanon from today. The volumes of trading in UAE's two stock markets were down, as investors seemed to be on the sidelines following the Beirut incident coupled with poor prospects for earnings growth.
At least 153 million shares, valued at Dh811.14 million, traded on DFM yesterday compared with the 50-day average of Dh1.23 billion, according to Bloomberg data. Shares value on ADX was Dh602.42 million compared with the 50-day average of Dh927.9 million.
There have been a series of school fires in the country in recent years, many of them which have turned out to be arson
africa10 hours ago
Salama Alfalacy is into realistic art featuring landscapes and wildlife, while Meera Jamal Al Midfa is setting new grounds in performance art and filmmaking
arts11 hours ago
Dubai Police have asked drivers to be extra cautious
transport12 hours ago
The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
asia12 hours ago
Dubai Police have asked drivers to be extra cautious
transport13 hours ago
The former all-rounder has returned to cricket during the past year after a horrific car crash at the end of 2022
cricket13 hours ago
Dubai Police have asked drivers to be extra cautious
emergencies14 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
uae14 hours ago