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145 stories mentioning FTSE ADX General IndexUpdated 17m ago

Abu Dhabi equities trade amid optimism over a US-Iran peace deal to reopen the Strait of Hormuz, while Adnoc launched a third crude tender.

International

KOF Global Barometers Increase in July

The KOF Swiss Economic Institute's global economic barometers rose in July, moving slightly above the 100-point level, indicating an improvement in the economic momentum worldwide.The coincident global barometer rose 0.6 points to 104.5 points, while the leading barometer increased 0.7 points to 102.5 points, according to a Friday release.The increase in both barometers was largely attributed to positive contributions from the Asia, the Pacific and Africa region and Europe.

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Asia Markets

Emirati Indices Snap Losing Streak; UAE's e& Gains on Vodafone Deal

Stock trading in the United Arab Emirates broke a two-day losing streak and ended the last trading day of the week on a higher note after markets breathed a sigh of relief on reports of easing geopolitical fears.Abu Dhabi's FTSE ADX General Index was up 0.549%, while Dubai's DFM General Index added 0.862% at Friday's closing.Oil prices fell as Bloomberg News reported, citing a US official, that technical talks between the US and Iran will continue despite their latest exchange of attacks over the past two days."Those oil price declines followed headlines suggesting that the escalation between the US and Iran might not prove as serious as initially feared. Most notably, sentiment was supported by comments from President Trump late on Wednesday night, that we mentioned yesterday, saying that Iran wanted 'to make a deal so badly'. So when US and European markets reopened yesterday, they were buoyed by the fact that Trump was still talking about some kind of agreement," Deutsche Bank Research commented.Back home and on the corporate front, Emirates Telecommunications Group Co. (ADX:EAND), d/b/a e&, agreed to sell its entire 16.21% shareholding in British telco Vodafone to Niel family group wholly-owned acquisition vehicle Vega for $5.95 billion. Stocks of e& were the most traded by value on the Abu Dhabi bourse and closed the session 5.29% higher.On the other hand, Adnoc Logistics & Services (ADX:ADNOCLS) gained 0.83% as it decided to expand its fleet of liquefied natural gas carriers with four additional vessels through a $900 million shipbuilding contract to China's Jiangnan Shipyard.Meanwhile, Dubai Electricity and Water Authority (DFM:DEWA), or Dewa, launched its new wholly owned independent subsidiary, Dewa International, to develop power and water projects worldwide through establishing partnerships with global organizations. Dewa ended the session at the 0.36% in the green.

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Equities

IEA: US-Iran Conflict Re-escalation Could Upend Expected Oil Market Surplus in 2027

The expected oil market surplus in 2027 could be upended by the recent re-escalation of the US-Iran conflict after the interim ceasefire deal was breached, leading to a renewed increase in oil prices, according to the International Energy Agency.In its July oil market report published Friday, the IEA said global oil demand is on the road to recovery, expecting it to increase by more than 8 million barrels per day by October from a low of 97.9 million barrels per day in May. Nonetheless, the agency forecasts demand will decline by 1 million barrels of oil per day in 2026 before rebounding by 2 million barrels per day in the next year.Meanwhile, global supply is projected to drop by an average of 3.7 million barrels of oil per day to 102.6 million barrels per day in 2026, assuming that renewed hostilities between the US and Iran quickly de-escalate. Looking ahead, supply is anticipated to increase by 7.5 million barrels per day next year if transit volumes rise."While the global oil market balance looks set to swing back to surplus towards the end of the year, the forecast hinges on the assumption that tanker flows through the [Strait of Hormuz] will gradually recover, allowing producers to restart fields and refiners in the Middle East and elsewhere to resume product shipments. Renewed exchanges of fire in the Gulf this week highlight the risks of not reaching a lasting peace agreement, which is a must for the normalisation in oil markets," the IEA noted.

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Asia Markets

UAE Equities Slide as Geopolitical Risks Resurface

United Arab Emirates indices closed Thursday in the red again as investors resorted to a cautious stance amid the escalating situation between the US and Iran.At the close of trading, the FTSE ADX General Index was little changed at 0.033% in the red, while the DFM General Index declined 0.184%.Dominating headlines all over the world are the US Central Command's second round of strikes on Iran, targeting 90 air defense systems, coastal surveillance assets, missile and drone storage sites, and military logistics infrastructure along the country's coastline. Iran responded by attacking US bases in the Gulf."Tanker traffic through the Strait of Hormuz has essentially stopped, which tells you more about risk perception right now than any statement from Washington or Tehran. Brent's climb to its highest level since 19 June shows how quickly the market is pricing in a ceasefire the US president himself says is over," Rystad Energy head of geopolitical analysis Jorge Leon commented. "It's unclear whether diplomatic channels remain open in practice; the latest military exchanges raise the risk that talks will either stall or continue under much more fragile conditions. Fundamentally, the events of the last few days significantly weaken any confidence that the current 60-day truce can still evolve into a permanent peace agreement."Zooming in at home, Dubai Chambers agreed to collaborate with digital financial platform Wio Bank to deliver business account opening, financing, and credit services to small and medium-sized enterprises in Dubai.On the corporate side, Lulu Retail (ADX:LULU) shares closed the session 0.21% lower. The Abu Dhabi-listed retailer opened a new express store in Oman as part of its broader expansion and customer access-enhancing strategy.Elsewhere, Dubai Electricity and Water Authority (DFM:DEWA), d/b/a Dewa, and Dubai Taxi Co. (DFM:DTC) inaugurated the first ultra-fast electric vehicle charging hub for the latter's electric taxi fleet in Dubai. Dewa gained 0.72%, while Dubai Taxi stocks remained flat at trading's close.

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Asia Markets

Emirati Stocks Fall Amid Renewed Middle East Tensions

Stocks in the United Arab Emirates closed lower as renewed exchange of strikes between the US and Iran drove investors into a risk-off mode.At the close of Wednesday trading, the FTSE ADX General Index declined 0.564%, while the DFM General Index fell 1.511%.The US Central Command carried out new strikes on more than 80 Iranian defense systems, command and control networks, and anti-ship missile sites, as well as over 60 Islamic Revolutionary Guard Corps small boats, in response to Iran's attacks on three commercial vessels in the Strait of Hormuz. It also revoked a license permitting the sale of Iranian oil.Meanwhile, Iran retaliated by targeting US military sites in Bahrain and Kuwait, clouding prospects of a long-term deal between the two countries. Also damping sentiment were US President Donald Trump's comments that the interim agreement with Iran is "over."On the economic front, markets will keep an eye out for the release of the highly anticipated minutes of the Federal Open Market Committee's June meeting later in the day to get cues on the US Fed's next interest rate move."Today's minutes will clarify how serious members are about the possibility of rate hikes. Based on post-meeting communication, we see limited risk of a dovish surprise in the minutes. We expect a cementing of the hawkish message to firm up dollar momentum, although we don't expect it to lead to a break higher as markets may be reluctant to reprice rate expectations aggressively higher (now 35bp by December) after the soft jobs report," ING analysts commented.Back home, Dubai Chambers initiated its Business in Dubai platform to offer corporate services across financial, marketing, technology, and testing and certification sectors to companies aiming to scale their growth in Dubai.Over to corporates, Presight AI (ADX:PRESIGHT) signed a term sheet with Kazakhstan's Ministry of Transport to assess the development of a national operational intelligence platform for real-time monitoring and management of Kazakhstan's transport system. Presight AI closed the session 0.87% higher.Emirates Integrated Telecommunications Co. (DFM:DU) d/b/a du, unit du Pay partnered with Gcash to provide faster and affordable cross-border remittance services to Filipino workers in the UAE. The Dubai-listed telecommunications company's stocks ended 4.23% in the red.

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Adnoc Expands South Korean Energy Alliance with New Crude Storage, Supply Deal
US Markets

Adnoc Expands South Korean Energy Alliance with New Crude Storage, Supply Deal

Abu Dhabi National Oil Co., d/b/a Adnoc, signed a new deal with South Korea to expand their ongoing energy partnership to expand cooperation on long-term supply and storage of crude, according to a Wednesday release.Under the new terms of the strategic collaboration agreement, the United Arab Emirates' state-owned oil producer will supply up to 24 million barrels of crude oil to the East Asian country. The deal was signed with South Korea's Ministry of Trade, Industry and Resources.Adnoc and the South Korean government will partner to increase volumes of long-term crude to local refiners, improve crisis response coordination and further joint international oil stockpiling efforts in the country. The framework leverages Adnoc's existing crude storage footprint in the nation, including at its Yeosu facility.Additionally, the trade ministry aims to back discussions regarding Adnoc's access to South Korea's crude oil storage facilities, including those integrated with refining assets, in an effort to enhance supply resilience and reliability alongside operational flexibility.To protect against unexpected disruptions, the partnership also aims to explore alternative export routes to guarantee a continuous supply of crude to South Korean customers."The UAE and the Republic of Korea have built a true two-way partnership that extends beyond energy supply into industry, technology and investment. Through this agreement, ADNOC is reinforcing its commitment to Korea's long-term energy security by strengthening dependable crude supply, emergency preparedness and strategic storage cooperation. As global energy markets continue to evolve, we look forward to working with our Korean partners to unlock new opportunities for industrial cooperation, shared growth and lasting economic value for both countries," Adnoc Chief Executive Officer and Managing Director Sultan Al Jaber said.

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Equities

Adnoc to Boost Cooperation with South Korea on Crude Supply, Storage

Abu Dhabi National Oil Co., d/b/a Adnoc, signed a strategic collaboration agreement with South Korea to boost cooperation for the long-term supply and storage of crude.The agreement, signed with South Korea's Ministry of Trade, Industry and Resources, covers the supply of up to 24 million barrels of United Arab Emirates crude to South Korea, according to a Wednesday release.The deal also includes alternative export routes with lower exposure to disruptions, Adnoc noted.

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Equities

Adnoc Launches LNG Trading, Marketing Platform on Abu Dhabi's ADGM

Abu Dhabi National Oil Co., d/b/a Adnoc, launched a marketing and trading platform in Abu Dhabi's international financial center ADGM, or Abu Dhabi Global Market.The global platform for trading and marketing liquefied natural gas is meant to boost the flexibility and shipping options for Adnoc Gas' expanding LNG portfolio, the oil giant said Monday. Adnoc noted that the platform will also capitalize on the marketing activities of its international energy investment company XRG.The new platform will target 47 million tonnes per annum of combined marketable LNG by 2035.

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Equities

Market Chatter: Adnoc Reportedly Evaluates List of Banks for Financial Advisory Work

Abu Dhabi National Oil Co., d/b/a Adnoc, called for pitches from about 10 investment banks for potential financial advisory work, Bloomberg News reported Friday, citing people familiar with the matter.The roles are currently held by Moelis & Co. and PJT Partners. However, the banks could still retain their positions depending on the evaluation, which is reportedly held periodically by the state-owned oil producer.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.)

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Asia Markets

Emirati Stocks Gain as Non-oil Private Sector Growth Softens

Stock trading in the United Arab Emirates closed the week on a positive note as investors shrugged off the latest figures from the region's non-oil private sector.At the close of Friday trading, the FTSE ADX General Index and the DFM General Index gained 0.929% and 1.144%, respectively.The S&P Global UAE PMI slipped to 50.8 in June from 52.6 in May, marking the slowest private sector activity expansion in five years. The weak growth reflected delayed consumer spending, weak tourism activity, and elevated input costs due to the disruptions caused by the Middle East conflict."Looking ahead, recent moves towards an easing of geopolitical tensions in the region should help firms recover demand and normalise supply chains - indeed, the greater movement of shipping along the Strait of Hormuz in June led to shorter delivery times. That said, client caution has persisted so far, and businesses have sufficiently moved to cut staff capacity, suggesting that a rebound in the non-oil sector may turn out to be gradual," S&P Global Market Intelligence principal economist David Owen commented.Closer to home, Dubai Chambers conducted a roundtable in Shanghai to outline investment opportunities for Chinese investors and companies in Dubai's technology, agentic artificial intelligence, logistics, and advanced manufacturing sectors.On the corporate side, Two Point Zero Group (ADX:2POINTZERO) unit Multiply Media Group partnered with Arabian Centres Co., d/b/a/ Cenomi Centers, to develop a digital out-of-home advertising network in Riyadh and Jeddah, Saudi Arabia. Two Point Zero Group closed the session 0.47% higher.Al Sagr National Insurance (DFM:ASNIC) shares ended flat. The Dubai-listed insurance company named Jasim Hussain Ahmed Al Ali as its new chairman at its board meeting held on Thursday.Across the pond, the US and Iran concluded their indirect talks in Doha and will resume them after the funeral processions of the former Iranian Supreme Leader Ayatollah Ali Khamenei.

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PMI: Geopolitical Disruptions, Cautious Spending Slow UAE Non-oil Private Sector Growth in June
US Markets

PMI: Geopolitical Disruptions, Cautious Spending Slow UAE Non-oil Private Sector Growth in June

Regional geopolitical strain and cautious client spending slowed the United Arab Emirates' non-oil private economic momentum, with the sector growing at its slowest pace since February 2021.The S&P Global UAE PMI fell to 50.8 in June 2026 from 52.6 a month ago, data from S&P Global showed Friday. The reading was marginally above the neutral 50 threshold, indicating a "marginal" improvement in operating conditions among non-oil industry businesses.Despite reaching a three-month peak, new business growth remained below the historical average as inflation, tourism slump and delayed client spending dampened overall demand. As a result, staff numbers fell at the fastest rate since August 2020, which also reflects rising costs and productivity drives.Backlogs in June rose at the second-slowest pace in two and a half years amid subdued capacity pressures. Meanwhile, purchasing activity recovered sharply for the month, driven by sales-driven restocking and defensive inventory building to protect against potential supply disruptions and shortages.Zooming in on Dubai, the PMI also slipped to 50.7 in June 2026 from 52 previously, marking the softest improvement in the Emirate's non-oil private sector since January 2021 amid slowing demand growth. While ongoing spending delays and Middle East conflict-related travel reductions weighed on sales growth, businesses ramped up output at the fastest pace since March 2026."Looking ahead, recent moves towards an easing of geopolitical tensions in the region should help firms recover demand and [normalize] supply chains - indeed, the greater movement of shipping along the Strait of Hormuz in June led to shorter delivery times. That said, client caution has persisted so far, and businesses have sufficiently moved to cut staff capacity, suggesting that a rebound in the non-oil sector may turn out to be gradual," S&P Global Market Intelligence principal economist David Owen said.

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International

S&P: UAE Non-oil Private Sector Growth Slows in June

The United Arab Emirates' non-oil private sector grew at the slowest rate in five years in June as geopolitical volatility triggered cautious customer spending and weakness in tourism.The S&P Global UAE PMI stood at 50.8 in June, down from 52.6 in May, S&P Global said Friday.

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Equities

Adnoc's XRG Completes Increased Stake in Rio Grande LNG Project in US

XRG completed the process to raise its stake in the Rio Grande LNG project in Texas, US, according to a Thursday release.The energy and chemicals investment unit of Abu Dhabi National Oil, d/b/a Adnoc, acquired an additional 7.6% equity interest in trains 4 and 5 of the project from BlackRock's Global Infrastructure Partners.XRG said it now holds interests across all five trains currently under construction at the Rio Grande LNG project, which is expected to begin production of liquefied natural gas in the first half of 2027.

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Asia Markets

UAE Stocks Close Mixed Ahead of PMI Data

United Arab Emirates shares ended on both sides of the spectrum as investors will shift their focus to the upcoming release of the country's key economic indicator.At the close of Thursday trading, the FTSE ADX General Index added 0.216%, while the DFM General Index lost 0.324%.Investors will await the release of the closely-watched UAE S&P Global Purchasing Managers' Index data for June on Friday to see how the region's non-oil private sector performed amid the ongoing uncertainties in the Middle East. The data inched up to 52.6 in May from 52.1 in April.On the geopolitical front, Qatar's Foreign Ministry spokesperson Majed Al-Ansari said in a social media post that "positive progress" was made on certain aspects of the US and Iran's June memorandum of understanding during the indirect low-level technical talks held in Doha on Wednesday.Closer to home, the UAE's Ministry of Finance listed the country's inaugural sovereign retail T-sukuk on Nasdaq Dubai. The oversubscribed offering received subscription requests of 445 million Emirati dirhams, resulting in the increase of the issue size to 100 million dirhams from 50 million dirhams."The listing of the UAE's inaugural Sovereign Retail T-Sukuk Programme marks an important step in the continued development of the country's capital markets. By lowering the barrier to entry for government-backed fixed-income investments and bringing them to a transparent, regulated marketplace, this programme opens the door for more individuals to participate in an asset class that has traditionally been beyond the reach of many retail investors," Nasdaq Dubai and Dubai Financial Market Chief Executive Officer Hamed Ali commented.On the corporate side, Burjeel Holdings (ADX:BURJEEL) finalized the issue of its $500 million Regulation S senior unsecured sukuk due 2031 as part of its efforts to diversify its funding sources and bolster its capital structure. Its shares closed 2.63% lower.Dubai-listed lender Mashreq Bank (DFM:MASQ) partnered with Sukoon Insurance (DFM:SUKOON) to launch an embedded insurance service for small- to medium-enterprise customers. Mashreq Bank shares ended 0.78% in the red, while Sukoon Insurance closed the session flat.

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Asia Markets

UAE Indices Diverge as US-Iran Hold Indirect Talks

Stocks in the United Arab Emirates struggled to find direction on Wednesday as markets await the outcome of indirect technical talks between the US and Iran taking place in Qatar.At the close of trading, the FTSE ADX General Index declined 0.16%, while the DFM General Index added 0.915%.US envoys Jared Kushner and Steve Witkoff met Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani on Tuesday to discuss the ongoing situation with Iran. Iran, however, said it will not meet the US delegates but is engaged with Qatari mediators.Oil prices dropped slightly as markets remained optimistic that both countries would work out a deal to reopen the Strait of Hormuz and that oil flows through the waterway could return to pre-war levels. Brent crude oil futures stood at nearly $72.383 per barrel as of 3:17 pm UAE time, down 0.78% from the previous day."Oil prices came under further pressure yesterday, leaving ICE Brent to close out its weakest quarter since 2020, dragged down by growing confidence that Persian Gulf crude flows are on the mend," ING analysts said. "The oil market continues to take an optimistic view on a supply recovery from the Persian Gulf, despite recent flare-ups between the US and Iran. Indirect talks in Doha this week have reportedly been positive."Zooming in at home, UAE President Sheikh Mohamed bin Zayed Al Nahyan met with his Chadian counterpart, Mahamat Idriss Déby Itno, to discuss their comprehensive economic partnership agreement and bolster their bilateral ties in the economy, trade, and renewable energy sectors.Over to corporates, Abu Dhabi National Co. for Building Materials (ADX:BILDCO), d/b/a Bildco, agreed to buy a 50% stake in AG Group, an integrated business group based in Dubai. The building materials company's stocks closed the session 1.21% in the green.Emirates NBD (DFM:EMIRATESNBD) shares closed 1.56% higher as it signed a memorandum of understanding with Alba Cars to offer short-term automotive financing services to local dealers and partners.

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Asia Markets

Abu Dhabi, Dubai Stocks Fall Amid US-Iran Talks Uncertainty

Stock trading in the United Arab Emirates ended in the red again as uncertainty over potential talks between the US and Iran weighed on sentiment.At the close of Tuesday trading, the FTSE ADX General Index was down 0.359%, while the DFM General Index lost 0.63%.US President Donald Trump said in a social media post on Monday that a meeting with Iran will take place in Doha on Tuesday at the latter's request, conflicting with Iranian Foreign Ministry spokesperson Esmaeil Baghaei's same-day statement that no talks were planned with the US in the coming days."The price action in recent weeks reflects a market that is treating this temporary ceasefire between the US and Iran as a permanent deal. This is clearly not the case, and as we have seen over the last four months, the situation can change very quickly," ING said. "It took long enough to agree on a temporary ceasefire. Reaching a permanent deal which tackles the nuclear issue within 60 days would be very optimistic."Back home, the UAE and Ukraine's comprehensive economic partnership agreement will become effective on Wednesday. The deal focuses on new trade and investment opportunities, the elimination and reduction of certain tariffs, and enhancing private sector collaboration between the two countries.Amid a quiet day on the corporate side, Sagasse Investment Co. (ADX:SAGA) returned to trading on the Abu Dhabi bourse following a temporary suspension due to its annual general meeting. Shares of the investment company closed the session flat.Shares of Dubai Residential REIT (DFM:DUBAIRESI) ended the session 0.79% in the red. The pure-play real estate investment trust purchased 220 townhouses at Jebel Ali Village residential community in Dubai at a forward purchase price of 894 million Emirati dirham.

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Equities

Market Chatter: Abu Dhabi's Adnoc Proposes Updated Crude Pricing Mechanism

Abu Dhabi National Oil Co., or Adnoc, proposed a new pricing mechanism for crude sales to term customers that is better aligned with practices in the wider region, Bloomberg News reported Tuesday, citing people with knowledge of the matter.The oil giant is proposing monthly official selling prices for grades from the Persian Gulf to be set at a differential to the Dubai benchmark for cargoes loading two months in advance, the report said.Adnoc did not immediately respond to' request for comment.(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.)

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Equities

Eni, XRG to Buy Interests in Three Vaca Muerta Blocks Tied to Argentina LNG Project

Italy's Eni (ENI.MI) and Abu Dhabi National Oil Co's international energy investment business XRG signed agreements to each acquire a 32% stake in three upstream blocks in the Vaca Muerta basin onshore Argentina from YPF.The Meseta Buena Esperanza, Aguada Villanueva, and Las Tacanas blocks are set to be part of the 12 million-tonne-per-annum Argentina liquefied natural gas project's integrated development, according to a Monday release.YPF will hold the remaining 36% interest.

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Asia Markets

Emirati Shares End Lower as US-Iran Exchange Fresh Strikes

United Arab Emirates equities kicked off the new trading week in the red as investors adopted a cautious stance following the exchange of fresh strikes between the US and Iran.At the close of Monday trading, the FTSE ADX General Index lost 0.41%, while the DFM General Index declined 0.415%.The US and Iran launched retaliatory strikes over the weekend, accusing each other of violating their ceasefire deal. The tensions, however, de-escalated as both countries agreed to halt their attacks and resume talks in Qatar."All this demonstrates that there's still plenty of risk facing the oil market. Even so, participants appear to be shrugging off these developments, instead focusing on what a continued recovery in oil flows would mean for the global balance. This complacency is odd and clearly leaves significant upside risk if the supply recovery proves slow - or if we see significant re-escalation. While the oil market is technically in oversold territory, momentum appears to still be to the downside," ING said.Back at home, Abu Dhabi's Department of Health signed a memorandum of understanding with Eli Lilly's Eli Lilly Drugstore to explore the development of an artificial intelligence-powered obesity healthcare model and an Alzheimer's disease center of excellence in Abu Dhabi.On the corporate side, Adnoc Logistics & Services (ADX:ADNOCLS) was the Abu Dhabi bourse's most traded stock by value and closed 1.01% in the green. The energy maritime logistics company raised its full-year net profit and revenue guidance on the back of improved material handling volumes in the second quarter.Elsewhere, Mashreqbank (DFM:MASQ) will collaborate with Mastercard to expand its quick remit service globally, offering its customers a quick and secure way of transferring funds abroad through its digital banking channels. Shares of the Dubai-listed lender closed the session 0.78% lower.

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Asia Markets

UAE Stocks End Week Mixed as US Inflation Rises

Markets in the United Arab Emirates closed the last trading day of the week diverged as investors dissected the latest inflation figures from the US to get insights into future interest rate policies.At the close of Friday trading, the FTSE ADX General Index was little changed at 0.04% in the green, while the DFM General Index lost 0.104%.The annual US personal consumption expenditures price index rose 4.1% in May, hitting a three-year high, with a 0.4% increase on a monthly basis. Core PCE, on the other hand, grew 0.3% monthly, similar to April and 3.4% on an annual basis. The latest inflation readings prompted markets to price in the possibility of interest rate hikes by the US Fed."The global economy will likely be tested by tighter financial conditions emanating from the US. The labor market firmed up and inflation dynamics have deteriorated in the US. While some one-offs are partly to blame, and tariffs should soon roll off, most of the FOMC seems to be losing patience aſter 5 years of high inflation. We have been clear that the economy was not asking for cuts and there is a lot of uncertainty on how the Fed will operate, but we now expect 75bp of Fed hikes this year, starting in September," BofA Global Research said.On the geopolitical front, Iran's Revolutionary Guards launched a drone strike on a cargo ship in the Strait of Hormuz near Oman, pausing a UN maritime agency's operation to escort vessels through the waterway and casting doubts over the interim peace deal signed with the US.Zooming in at home, Nasdaq Dubai listed $500 million of senior unsecured trust certificates issued by multilateral financial institution The Arab Energy Fund, with the issuance receiving orders worth more than $900 million.On the corporate side, Aldar Properties (ADX:ALDAR) was the Abu Dhabi bourse's most traded stock by value and closed 2.28% higher. The real estate developer generated more than 680 million Emirati dirhams in sales through the selling-out of townhouses at the Orchids at Yas Acres project in Abu Dhabi.Dubai Electricity and Water Authority (DFM:DEWA) and energy technology company Siemens Energy conducted a workshop to explore opportunities across digital transformation and sustainability initiatives and boost stakeholder value and decision-making through artificial intelligence. Shares of Dubai-listed electricity and water services company closed 1.07% in the red.

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