Traders wait at the Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed
Gulf markets were mixed in trade on Monday, with Dubai’s main share index rising 1% amid renewed interest in the region after state utility DEWA’s IPO kicked off last week.
Dubai Electricity and Water Authority (DEWA) is looking to raise as much as 8.06 billion dirhams ($2.19 billion) in its initial public offering, marking the largest such deal in the emirate since DP World in 2007. read more
The main share index (.DFMGI) added more than 1% for a second consecutive session, boosted by real estate and financial stocks.
Globally, sentiment was muted and oil prices slid as a coronavirus lockdown in Shanghai hit economic activity, while the yen extended its stomach-churning descent as the Bank of Japan stood in the way of higher yields.
Oil markets kicked off another week of uncertainty, buffeted on one side by the war between Ukraine and Russia, the world’s second-largest crude exporter, and expansion of COVID-19-related lockdowns in China, the largest crude importer globally. read more
Saudi Arabia’s benchmark index (.TASI) inched up 0.1%.
Information technology company Al Moammar Information Systems Co (7200.SE) jumped 5% after the company announced a slew of new projects.
Travel services provider Seera Holding Group (1810.SE) fell nearly 3% after the company posted annual loss.
In Abu Dhabi, the index (.FTFADGI) was trading flat, while the Qatari index (.QSI) edged marginally lower.
($1 = 3.6726 UAE dirham)
Reporting by Tanvi Mehta in Bengaluru; editing by Uttaresh.V
Ghada Ashour, who grew up in Gaza, becomes fifth scholar selected for FIA’s flagship scholarship initiative Dubai, UAE, 8th December, 2025: The FIA’s United Against Online Abuse (UAOA) Campaign has welcomed Ghada Ashour, a 24-year-old student from Palestine, to its flagship scholarship programme, created to empower the next generation of researchers in the fight against online abuse in sport. Ghada grew up in Gaza where she has been studying remotely until gaining her place on the UAOA scholarship, which brought her to Dublin City University (DCU), Ireland. Becoming the fifth scholar to join the scholarship, she was selected based on her interests in social media, and her strong passion for advancing insights in this area for the benefit of everyone participating in sport. Launched in 2023, the programme offers talented students and young professionals from diverse backgrounds the opportunity to engage in cutting-edge research on the impact, prevalence, and prevention of online abuse in sport with a focus on developing practical solutions. Funded by the FIA Foundation, the UAOA scholars have been selected to undertake invaluable research at DCU based on their project proposals, dedication to achieving positive social change, and their unique perspectives approaching this issue. Ghada’s thesis, which will be printed in English and translated into Arabic, will focus specifically on the …
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