FINWIRES · TerminalLIVE
FINWIRES

^DFMGI

70 stories mentioning ^DFMGI

Every FINWIRES story that references ^DFMGI, newest first.

Equities

US, Iran Agree to Sign Deal to End War, Reopen Hormuz Strait on Friday

The US and Iran will sign a peace deal on Friday, after which the Strait of Hormuz will be reopened, US President Donald Trump said Sunday evening."The Deal with the Islamic Republic of Iran is now complete," Trump wrote in a post on the Truth Social platform, ordering the immediate end of the US naval blockade of Iranian ports as the parties reached a framework to end the war.The preliminary pact also includes the "immediate and permanent stop of military operations on all fronts, including in Lebanon," according to a post on X, formerly Twitter, from Pakistani Prime Minister Shehbaz Sharif.The official signing will take place in Switzerland, Sharif added.

^DFMGI^FADGI^TASI
Asia Markets

UAE Indices Rebound; Dubai's Emaar Properties Soars

United Arab Emirates equities were back in the green on the last trading day of the week, buoyed by optimism over a possible US-Iran peace deal. At the close of Friday trading, the FTSE ADX General Index added 2.718%, while the DFM General was up 3.84%.US President Donald Trump, in a post on his social media platform Truth Social, said that he is canceling planned attacks on Iran after approval of discussions with Iran's "highest level" leadership. Trump also told White House reporters that a peace deal could be signed over the weekend in Europe.While markets await Iran's official confirmation on the proposed deal, Bloomberg News reported, citing G7 officials, that both countries are moving closer towards signing the agreement, which could take place in Geneva."It's not the first time we've been in this position. Trump has said many times before that a deal is very close, only for hostilities to resume. However, there does appear to be more positive noise around the deal this time, not just from the US but also from other parties involved in the negotiations," ING said. "Obviously, the key is the message coming out of Tehran. And for now, it has been very quiet. Therefore, we would be cautious about assuming that the extension of the ceasefire is a done deal."Closer to home, the Central Bank of the UAE and the World Bank Group agreed to collaborate on financial literacy, digital fraud prevention, and financial dispute resolution as part of an ongoing partnership between the two lenders.Over to corporates, Real estate developer Emaar Properties (DFM:EMAAR) was the Dubai bourse's most traded stock by value and closed 8.33% higher after announcing plans to disclose a 200 billion-dirham master-planned development in Dubai.International Holding Co. (ADX:IHC) shares closed the session flat as it launched the first tranche of its 5 billion-Emirati-dirham share repurchase program to buy back 1.8 billion dirhams worth of shares on Friday.The UAE bourses will be out on June 15 for the new Hijri Year 1448 or the Islamic New Year.

^DFMGI^FADGIADX:IHCDFM:EMAAR
International

World Bank Lowers UAE GDP Growth Forecasts for 2026, 2027

The World Bank lowered its 2026 and 2027 economic growth projections for the United Arab Emirates amid heightened inflationary pressures due to higher energy and food prices arising from the Middle East conflict.In its latest Global Economic Prospects published Thursday, the international organization said it now expects the UAE economy to grow 2.4% in 2026 and 4.1% in 2027, both lower than its 5% and 5.1% projections in January 2026.For 2028, the country's gross domestic product growth is anticipated to come in at 4.2%.

^DFMGI^FADGI
Asia Markets

Abu Dhabi, Dubai Stocks Slide as Middle East Tensions Escalate

Shares in the United Arab Emirates closed lower as tensions flared in the Middle East, prompting investors to take a cautious approach.At the close of Thursday trading, the FTSE ADX General Index declined 0.326%, while the DFM General Index lost 0.418%.Dominating headlines all over the world are the continued exchange of attacks between the US and Iran on Thursday, threatening their ceasefire agreement signed in April. Further dampening sentiment were US President Donald Trump's social media comments that Iran took too long to negotiate a deal and will now have to "pay the price.""President Trump threatened Iran that more strikes will follow if it doesn't agree to a deal; Iran said the Strait of Hormuz will be closed until further notice. While that isn't something Iran can officially do, it can make vessel crossings a lot more difficult. This leaves shipowners reluctant to navigate the key chokepoint. It once again suggests a deal is still some way off and that energy flows from the Persian Gulf will remain heavily constrained," ING analysts said.Reuters reported Thursday, citing three Iranian and a European source, that both countries exchanged messages on a memorandum, with issues like the release of frozen funds to Iran still needing to be discussed in detail.Back at home and on the corporate side, Two Point Zero Group (ADX:2POINTZERO) sold its entire 7.29% stake in Abu Dhabi National Energy Co. (ADX:TAQA), d/b/a Taqa, to L'imad Holding's unit Abu Dhabi Power Corp. Shares of Two Point Zero Group closed 1.36% in the red, while those of Taqa ended the session 3.38% lower.Over in Dubai, stocks of Commercial Bank of Dubai (DFM:CBD) shed 0.22%. The Emirati lender partnered with Dubai Holding Real Estate to launch a new home financing program for local salaried and self-employed individuals looking to buy properties across Nakheel, Meraas, and Dubai Properties.

^DFMGI^FADGIADX:TAQADFM:CBD
Equities

Expro Wins Well Testing Contract for Emirati Drilling Program

Expro received a well testing contract from an unnamed operator in the United Arab Emirates, according to a Thursday release.The energy services company will provide surface well testing and flowback services, as well as equipment for the customer's drilling program for two years.

^DFMGI^FADGI
International

KOF: Global Coincident Barometer Stabilizes in June; Leading Barometer Up

The KOF Swiss Economic Institute said Wednesday the world economy continued to see moderate growth in June as its global coincident barometer remained stable while its leading barometer rose.The Coincident Global Economic Barometer edged up 0.1 point from the prior month to 103.2 points amid a negative contribution from Asia, Pacific & Africa. Meanwhile, the Leading Global Economic Barometer increased 0.9 point to 101.2 points, thanks to the region's positive contribution offsetting the Western Hemisphere's negative contribution."While both remain slightly above average, the leading indicator has been lower than the coincident indicator for the second consecutive month. From a regional perspective, this is solely driven by sentiment in the Asia-Pacific and African regions. There, the outlook is below average, probably reflecting the consequences of the energy shortage caused by the de facto closure of the Strait of Hormuz," KOF director Jan-Egbert Sturm said.

^DFMGI^FADGIFTSE 100^SSMI^SXXP^TASI
Equities

Emirati Shares Close Mixed Ahead of US Inflation Data

Stocks in the United Arab Emirates struggled to find direction on Wednesday as investors await the latest inflation report from the world's top economy.At the close of trading, the FTSE ADX General Index added 0.16%, while the DFM General Index was down 0.472%.​The US Bureau of Labor Statistics will publish the consumer price index print for May later in the day. The data will assist investors in assessing the impact of the Iran war and higher energy prices on US inflation and future monetary policy."The highlight will be the release of the May CPI report, where headline inflation is expected to rise above the 4.0% YoY level for the first time since May 2023 and core CPI is expected to rise 0.3% month-on-month and 2.9% (2.8% prior) YoY. Assuming those levels are delivered, expect the market to continue pricing a Fed hike in December and the dollar to stay supported," ING said.On the geopolitical front, Middle East tensions re-escalated after the US attacked Iranian air defenses and radar sites in response to downing its helicopter over the Strait of Hormuz. Iran's Revolutionary Guards retaliated by firing missiles and drones at US military bases in Kuwait, Jordan, and Bahrain."With 11.8 million barrels per day (bpd) shut in across six Gulf producers, the conflict has become the most severe supply disruption in the modern oil era," Rystad Energy's MENA Research Director Aditya Saraswat commented. "Despite a fragile memorandum of understanding between the US and Iran that had raised hopes of a deal, both sides have since returned to air strikes, narrowing the diplomatic track and widening the tail risk of a prolonged shock."Over to corporates, GFH Bank (ADX:GFH, DFM:GFH) became a featured partner of the StartUp Bahrain University of Bahrain to support the StartUp Bahrain program aimed at providing students with practical exposure to entrepreneurship and early venture building. Shares of the investment group ended 0.46% higher on the Abu Dhabi bourse and 0.94% in the green on the Dubai Financial Market.Elsewhere, shares of Dubai Islamic Bank (DFM:DIB) ended the session 0.68% in the red. The lender priced $1 billion of additional tier 1 perpetual non-call sukuk for regional and international investors with an orderbook exceeding $2.3 billion.

^DFMGI^FADGIADX:GFHDFM:DIBDFM:GFH
Asia Markets

UAE Stocks Blink Green; Dubai Bourse Secures Finma's Foreign Trading Venue Recognition

United Arab Emirates equities were back in the green on Tuesday as investors breathed a sigh of relief after both Iran and Israel halted direct attacks on each other.At the close of trading, the FTSE ADX General Index was up 0.817%, while the DFM General Index added 0.879%.Oil prices dropped after Iran declared an end to its military operation against Israel, with the latter also stopping its attacks on the Middle Eastern country. The end of attacks follows a request from US President Donald Trump on Monday.On the economic calendar this week is the release of the US consumer price index report for May on Wednesday. Analysts are expecting a 0.5% monthly rise with a 4.2% annual increase in headline inflation, while core CPI is expected to rise to 0.3% monthly and 2.9% annually.Closer to home and on the corporate front, stocks of Agility Global (ADX:AGILITY) ended flat. The investment and asset management company's unit, Tristar, obtained a new $770 million credit facility from regional and international banks to refinance existing facilities and support general corporate purposes.Meanwhile, Dubai Financial Market (DFM:DFM) was recognized as a foreign trading venue by the Swiss Financial Market Supervisory Authority, or FINMA, providing the latter's participants with access and enabling trading of Swiss companies' securities on the Emirati trading platform. The bourse operator's shares closed the session 2.84% higher."FINMA's recognition of DFM is a significant milestone in our strategy to broaden international access to our market and implement Dubai's vision to develop its capital markets. It opens a direct, regulated pathway for Swiss financial institutions to connect to our ecosystem and creates new opportunities around Swiss-incorporated securities, reinforcing Dubai's position as a globally connected capital-markets hub," Dubai Financial Market Chief Executive Officer Hamed Ali commented.

^DFMGI^FADGIADX:AGILITYDFM:DFM
Asia Markets

UAE Stocks Slide on Renewed Iran-Israel Attacks; OPEC+ Boosts July Oil Output

Stock trading in the United Arab Emirates started the week in red as renewed attacks between Iran and Israel soured sentiment and lifted oil prices.At the close of Monday trading, the FTSE ADX General Index fell 1.354%, while the DFM General declined 0.571%.Geopolitical tensions were in the spotlight once again after Iran and Israel exchanged new rounds of attacks, with US President Donald Trump telling both countries to stop shooting. Trump also said in a social media post that final peace talks are proceeding."This and the wider quotes from Mr Trump sound like a President who really doesn't want this war to escalate any further and is trying to find all ways to avoid it. Still, the events have further complicated the chances of an imminent deal. The key sticking points to a deal remain the release of Iran's frozen assets, its stock of highly enriched uranium, developments in Lebanon, and how control of the Strait of Hormuz will be handled going forward," Deutsche Bank Research said.On the oil front, seven OPEC+ members, in a virtual meeting on Sunday, agreed to boost oil output targets by 188,000 barrels per day in July amid the continued closure of the Strait of Hormuz.Back home and on the corporate front, Gulf Pharmaceutical Industries (ADX:JULPHAR), d/b/a Julphar, shares closed the session 2.80% in the red. The pharmaceutical company's Planet Pharmacies subsidiary concluded the sale of its Health First pharmacy chain in the UAE to Batha Healthcare Group and now awaits regulatory approvals to divest its Scientific Pharmacy chain and distribution channel in Oman.Meanwhile, in Dubai, Alec Holdings (DFM:ALEC) unit Target Engineering Construction Co. secured three engineering, procurement, and construction contracts worth $500 million. Shares of the engineering and construction group closed the session 1.36% lower.

^DFMGI^FADGIADX:JULPHARDFM:ALEC
Asia Markets

Emirati Equities End Week Upbeat; Dubai's Aman Soars on Return to Q1 Profit

Shares in the United Arab Emirates closed Friday's trading session on a positive note, shrugging off volatile oil prices and continued uncertainty surrounding a peace deal between the US and Iran.At the close of trading, the FTSE ADX General Index was up 0.304%, while the DFM General Index gained 0.862%.Dampening sentiment is Hezbollah's rejection of the US-brokered ceasefire between Lebanon and Israel on Thursday and its demands for a complete withdrawal of Israeli troops from the region. The ceasefire is Iran's essential condition for any peace agreement with the US."While there are few signs of progress in US-Iran talks, the oil market continues to trade on expectations of an imminent deal that would resume flows through the Strait of Hormuz. This seems overly optimistic as Hezbollah rejects the Lebanon-Israel ceasefire. This development will not help US-Iran negotiations," ING analysts wrote.Oil prices edged down, reversing three consecutive gains despite the latest regional developments, with Brent crude oil futures trading at nearly $94.99 per barrel at 3:02 pm UAE time, down 0.04% from the previous day.On the corporate front, shares of Alef Education (ADX:ALEFEDT) closed 1.02% higher after it finalized a two-year initiative to migrate its digital learning ecosystem to Microsoft Azure.Dubai Islamic Insurance & Reinsurance (DFM:AMAN), d/b/a Aman, reported a return to profit in the first quarter. Shares of the insurance company were 8.36% in the green at the time of closing.

^DFMGI^FADGIADX:ALEFEDTDFM:AMAN
Asia Markets

Emirati Stocks Rebound on Lebanon-Israel Ceasefire

Stocks in the United Arab Emirates recovered from two straight days of losses on Thursday as the ceasefire agreement between Lebanon and Israel sparked investors' hopes for a broader peace deal between the US and Iran.At the close of trading, the FTSE ADX General Index was little changed at 0.03% in the green, while the DFM General Index gained 0.564%."The geopolitical headlines have become slightly more positive this morning, with oil prices falling back after the US said that Israel and Lebanon agreed to a ceasefire. That ceasefire is conditional on Hezbollah also stopping fighting, but in theory, the news helps to take out a key sticking point in the US-Iran talks that was holding up a deal," Deutsche Bank Research said.Despite the US-brokered ceasefire, Israel attacked southern Lebanon on Thursday, Reuters reported, citing security sources. Israeli Minister of Defense Israel Katz said that the strikes would continue for the time being without withdrawing forces from the region.Closer to home, the Abu Dhabi government implemented a temporary freeze on all rent increases, setting the annual rental cap increase to 0% across all residential and industrial properties.Over to corporates, First Abu Dhabi Bank (ADX:FAB) shares closed 0.37% higher as it partnered with Water.org and its affiliated impact investment manager WaterEquity to invest in the WaterEquity Everspring Fund. The investment is part of the lender's efforts to advance water and sanitation security globally.Meanwhile, Dubai-listed National Central Cooling Co. (DFM:TABREED), d/b/a Tabreed, stocks closed the session 1.93% higher. The district cooling services company named Atef Mohamed Awadh AlBreiki as its new chief asset management officer, effective immediately.

^DFMGI^FADGIADX:FABDFM:TABREED
Asia Markets

UAE Stocks Fall Amid Modest Non-oil Private Sector Growth

United Arab Emirates equities ended Wednesday's trading session in the red as investors dissected the latest data from the country's non-oil private sector.At the close of trading, the FTSE ADX General Index was down 0.406%, while the DFM General Index declined 0.801%.The S&P Global UAE PMI increased to 52.6 in May from 52.1 in April, staying well below its long-run average of 54.3. While operating conditions improved, growth remained subdued with a decline in export orders, and cost pressures rose amid the ongoing regional developments and supply chain disruptions due to the continued closure of the Strait of Hormuz."The continued cut-off to maritime trade had a cascading effect through the UAE economy in May. Input deliveries were delayed to the greatest extent since the height of the COVID-19 pandemic in April 2020, with some firms reporting that disruptions to manufacturing production schedules fed through to other sectors," S&P Global Market Intelligence senior economist David Owen said. "Positively, the longer-term outlook remained strong in May, suggesting that businesses still view these current challenges as temporary and expect growth to bounce back quickly."On the geopolitical front, the US and Iran exchanged fresh strikes overnight, while further talks between Lebanon and Israel are expected to take place on Wednesday.Back home, Abu Dhabi National Energy Co. (ADX:TAQA), d/b/a Taqa, in a consortium with Aljomaih Energy and Water Co. and Sembcorp Industries, secured the Taweelah C independent power producer project in Abu Dhabi from Emirates Water and Electricity Co. Shares of the energy company closed the session 1.72% lower.Meanwhile, in Dubai, stocks of Emirates Integrated Telecommunications Co. (DFM:DU) d/b/a du, ended flat. The telecommunications company launched a $50 million corporate venture fund to invest in fintech, artificial intelligence, and cybersecurity companies as part of its strategy to enhance its core activities.

^DFMGI^FADGIADX:TAQADFM:DU
PMI: Non-oil Private Sector Growth in Saudi Arabia, UAE Picks Up Against Tense Geopolitical Backdrop
US Markets

PMI: Non-oil Private Sector Growth in Saudi Arabia, UAE Picks Up Against Tense Geopolitical Backdrop

Expansion in the non-oil private sectors of Saudi Arabia and the United Arab Emirates improved in May but remained well below their respective long-run averages as regional geopolitical tensions continued to dampen new business growth, surveys conducted by S&P Global showed Wednesday.The seasonally adjusted Riyad Bank Saudi Arabia PMI climbed to 52.8 in May from 51.5 in April, against the historical average of 56.8. The "notable" improvement in business activity was the quickest in three months as domestic demand and stabilizing supply chains led to a sharp rise in production.Employment also swung back to growth, while purchasing activity trended higher for the first time since February. Still, shipping disruptions, higher freight and fuel costs, and regional tensions weighed down external demand, leading to a steep drop in new export orders for a third straight month."Overall, the latest PMI reading supports the expectation that Saudi Arabia's non-oil economy will continue its upward trend during the remainder of 2026," Riyad Bank Chief Economist Naif Al-Ghaith said. "Improving domestic demand, stabilizing supply chains, contained inflation, strong government-led investment activity, and healthy trade performance collectively provide a strong foundation for continued private sector expansion."In the Emirates, the improvement in non-oil private sector conditions was only moderate in May. The seasonally adjusted S&P Global UAE PMI edged up to 52.6 from 52.1 in April, staying under its long-run average of 54.3.Survey respondents reported heightened supply-chain disruptions, because of which new business growth remained subdued, holding close to April's 62-month low. A decline in exports also impacted order books.Still, output growth reached a three-month high, with 21% of businesses seeing increased activity, thanks to stronger market demand, project expansion and government-backed initiatives."Positively, the longer-term outlook remained strong in May, suggesting that [Emirati] businesses still view these current challenges as temporary and expect growth to bounce back quickly," S&P Global Principal Economist David Owen concluded.

^DFMGI^FADGI^TASI
US Proposes New Tariffs on EU Over Forced Labor as Brussels Advances Trade Deal
US Markets

US Proposes New Tariffs on EU Over Forced Labor as Brussels Advances Trade Deal

The US on Tuesday proposed additional tariffs on 60 economies, including the European Union, following an investigation into the enforcement of forced labor import prohibitions.As part of a Section 301 investigation, the Office of the US Trade Representative threatened an extra 10% duty on the EU, stemming from findings that the bloc failed to "effectively" block forced labor imports. The proposed tariffs were announced on the same day that the European Parliament's trade committee granted preliminary approval for a trade agreement reached with the US in the third quarter of 2025.The targeted 27-nation bloc joins countries like Canada, Mexico and Pakistan, which will face the 10% tariff rate because they established partial enforcement regimes or have committed to doing so through reciprocal trade agreements. Meanwhile, other economies, including Switzerland, Saudi Arabia, South Africa and the United Arab Emirates, will be hit by a steeper 12.5% tariff rate on failure "to impose and effectively enforce a prohibition on the importation of goods produced with forced labor.""The failure of our most important trading partners to address the importation of goods made with forced labor is unacceptable," said US Trade Representative Jamieson Greer. "This creates a dynamic where American workers are forced to compete globally on an unlevel playing field. We will no longer tolerate this disparity."The United States Trade Representative invited public feedback on the proposal, setting a deadline of July 6 for written comments and scheduling public hearings for July 7.Danske Bank noted that the move clears the path for permanent tariffs to take over when the 10% Section 122 duties expire on July 24. "While the shift in legal basis could still face court challenges, overall tariff levels for now should remain little changed when the authority 'switches' from Section 122 to Section 301," the bank wrote.

^DFMGI^FADGIFTSE 100^SSMI^SXXP^TASI
International

S&P: UAE Non-oil Private Sector Growth Remains Subdued in May

The United Arab Emirates' non-oil private sector conditions improved moderately in May as regional geopolitical tensions and heightened supply-chain disruptions limited new business growth and further increased operating costs.The seasonally adjusted S&P Global UAE PMI edged up to 52.6 from 52.1 in April, S&P Global said Wednesday. The index remained below its long-run average of 54.3.

^DFMGI^FADGI
Equities

Adnoc Mulls UAE's First Multi-fuel Export Pipeline Amid Strait of Hormuz Closure

Abu Dhabi National Oil Co, or Adnoc, is planning to build a new pipeline for the export of gasoline, diesel, and jet fuel amid the continued closure of the Strait of Hormuz.The multi-fuel pipeline will be the first in the United Arab Emirates and is part of Adnoc's efforts to ensure the continued supply of its products to clients as regional tensions persist, London's Financial Times reported Tuesday, citing Adnoc's Executive Vice President for Trading Philippe Khoury.Adnoc is currently developing a second crude pipeline to double its oil export capacity through Fujairah, set to become operational in 2027.

^DFMGI^FADGI
Asia Markets

Abu Dhabi, Dubai Stocks Fall Ahead of Key Economic Data

Stock trading in the United Arab Emirates ended lower on Tuesday as the FTSE ADX General Index declined 0.304%, while the DFM General Index was down 0.738%.The local economic calendar will see the release of the UAE S&P Global Purchasing Managers' Index report for May on Wednesday. The data, which provides investors with insights into the country's non-oil private sector activity, fell to 52.1 in April from 52.9 in March.On the geopolitical front, US President Donald Trump said that talks with Iran are continuing at a rapid pace, countering news that the latter is reportedly suspending indirect peace negotiations due to Israel's attacks in Lebanon. Trump also stated that both Hezbollah and Israel agreed to stop their attacks."Trump's intervention helped ease fears that the weekend's escalation in Lebanon would lead to a broader re-escalation between the US and Iran. Still, uncertainty over the possible US-Iran deal persists, with growing doubts that the Strait of Hormuz will reopen soon," Deutsche Bank Research said.Back home, the Abu Dhabi Securities Exchange and Jordan's Amman Stock Exchange launched their electronic link through the Tabadul platform to enable cross-market trading through brokerage firms and offer expanded investment opportunities for investors in both countries.On the corporate front, stocks of Agility Global (ADX:AGILITY) closed the session 0.64% in the green as it purchased an industrial plot of land in Saudi Arabia for 700 million Saudi riyals.Dubai-listed Emirates Central Cooling Systems (DFM:EMPOWER), d/b/a Empower, opened a command control center at its new headquarters in Dubai to manage operations and detect malfunctions across its plants and networks in the city. Its shares closed the session flat.

^DFMGI^FADGIADX:AGILITYDFM:EMPOWER
Asia Markets

UAE Stocks Return to Trading After Eid Holidays; Oil Prices Rise Over US-Iran Deal Uncertainty

Markets in the United Arab Emirates ended the first trading day back from the Eid holidays on both sides of the spectrum as investors remained cautious amid uncertainty surrounding a peace deal between the US and Iran.At the close of Monday trading, the FTSE ADX General Index lost 0.53%, while the DFM General Index was up 0.303%.Oil prices climbed on Monday after Iran's Islamic Revolutionary Guard Corps targeted an unnamed air base used by the US for an attack on southern Iran. The attacks follow the US Central Command's "self-defense" strikes over the weekend on Iranian air defenses, a ground control station, and two drones that posed threats to ships moving through regional waters."We've never felt closer to a deal but potentially never felt closer to it all falling apart with isolated strikes becoming more frequent including some again over the weekend. It's hard to imagine remaining in limbo for much longer given that if the Strait of Hormuz remains closed into mid-summer it will at some point likely lead to a non-linear tipping point of economic stress," Deutsche Bank Research said. "For now, it seems Mr Trump is still deciding on whether the current negotiations between the two nations satisfy his demands. He has been surprisingly quiet over the weekend which indicates things perhaps coming close to a head."As of 3:40 pm UAE time, the Brent crude oil futures stood at nearly $93.578 per barrel, up 2.70% from the previous day.Back home and on the corporate side, Emirates Telecommunications Group Co. (ADX:EAND), d/b/a e&, agreed to divest its 12.50% stake in Careem Technologies to Uber Technologies for $100 million. Shares of the telecommunications company closed the session 0.11% lower.Elsewhere, Dubai Taxi (DFM:DTC) partnered with AJ Industries to expand its mobility services and explore new business models in Ajman. The taxi services company's stocks ended the session flat.

^DFMGI^FADGIADX:EANDDFM:DTC
Equities

Update: Market Chatter: Adnoc Ships Another LNG Tanker Through Strait of Hormuz to India

(Updates to add Adnoc's statement)Abu Dhabi National Oil Co., or Adnoc, is reported to have shipped another tanker carrying liquefied natural gas through the Strait of Hormuz to its destination listed as India.The loaded cargo ship reappeared northwest of Muscat, Oman, after stopping transmissions around May 2, Bloomberg News reported Wednesday, citing its ship-tracking data.An Adnoc spokesperson told, "We do not comment on the position, movements, or routing of our vessels as a matter of policy."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^DFMGI^FADGI
Equities

Market Chatter: Adnoc Ships Another LNG Tanker Through Strait of Hormuz to India

Abu Dhabi National Oil Co., or Adnoc, is reported to have shipped another tanker carrying liquefied natural gas through the Strait of Hormuz to its destination listed as India.The loaded cargo ship reappeared northwest of Muscat, Oman, after stopping transmissions around May 2, Bloomberg News reported Wednesday, citing its ship-tracking data.Adnoc did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^DFMGI^FADGI

Showing 1-20 of 70