Here are some things you need to know as markets open today in the United Arab Emirates.
1) Dubai-listed Drake & Scull International (DSI) has appointed a new board of directors as part of a wider organizational and operational restructuring, it said in a bourse statement on Sunday.
2) The UAE Central Bank announced on Sunday that the country’s money supply (M1) decreased by 0.9 percent month-on-month to AED 493.2 billion at the end of August, mainly due to a reduction in monetary deposits.
3) Oil prices were little changed on Monday, remaining close to their highest levels in months. Brent crude for November delivery was down 0.1 percent at $56.79 per barrel (bbl), while WTI was 0.3 percent lower at $50.51/bbl.
4) Asian markets opened mixed on Monday, with Japan’s Nikkei 225 up 0.5 percent at 20,389 points, while Hong Kong’s Hang Seng index and China’s CSI 300 index were 1 percent and 0.4 percent lower respectively.
Write to Jerusha Sequeira at jerusha.s@argaamnews.com
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