Here are some things you need to know as markets open today in the United Arab Emirates.
1) Dubai Investments Real Estate Co. (DIRC) has signed an AED 1.1 billion financing deal with First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) for its Mirdif Hills development project.
2) Dubai-listed Gulfa Mineral Water and Processing Industries Co. swung to net loss of AED 294,291 in Q2 2017, versus a profit of AED 1.2 million in Q2 last year.
3) Abu Dhabi-listed Aldar Properties will hold a board meeting on August 2 to review its Q2 2017 financial statements.
4) Dubai-listed Al Firdous PJSC will hold a board meeting on August 3 to discuss its Q2 2017 financial statements.
5) The Wealth Sentiments Index in the UAE declined 1.3 percent to 1040.66 points in July from 1054.52 in June. The index was developed by First Abu Dhabi Bank (FAB) to measure the prevailing mood of affluent investors in the UAE market.
6) The total real estate transactions in Dubai for H1 2017 reached AED 132 billion, achieved through 35,571 sales, mortgages and other transactions, Dubai Land Department said in a report.
7) Oil prices extended gains on Monday, with Brent crude rising 0.5 percent to $52.78/bbl and WTI crude up 0.3 percent to reach $49.87/bbl.
8) Asian stocks were mainly positive towards closing hours. Japan’s Nikkei 225 Index was last up 0.1 percent, China’s CSI300 Index rose 0.5 percent and Hong Kong’s Hang Seng Index added 0.7 percent.
Write to Nadeshda Zareen at nadeshda.zareen@argaamplus.com
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