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Asia Markets

UAE Stocks Blink Green on US-Iran Deal Optimism

Stock trading in the United Arab Emirates closed higher on Thursday as prospects of a deal between the US and Iran boosted market sentiment.At the close of trading, the FTSE ADX General Index gained 0.399%, while the DFM General Index was up 0.60%.According to reports by multiple media outlets, Iran is reviewing a new US proposal aimed at ending the conflict in the Middle East. US President Donald Trump said he could wait a few days to get the right answers from Iran and threatened escalation in case a deal is not reached."For the second time this May, markets are trying to trade a US-Iran peace deal after President Trump said negotiations were in their 'final stages'. Conviction is lower this time. Rhetoric from both sides remains belligerent, and markets are more hesitant to chase optimistic headlines after earlier disappointments," ING said.Closer to home, the UAE's new oil pipeline meant to bypass the Strait of Hormuz reached 50% completion, but full oil flows are not expected to return before the first or second quarter of 2027, Reuters reported, citing UAE Minister of Industry and Advanced Technology and Abu Dhabi National Oil Co., or Adnoc's, head Sultan Ahmed Al Jaber.Over to corporates, Abu Dhabi National Co. for Building Materials (ADX:BILDCO) d/b/a Bildco, intends to launch an integrated logistics hub and a collection and operations center in Oman. Shares of the building materials company closed the session flat.Elsewhere, Dubai Investments (DFM:DIC) unit Globalpharma signed seven strategic memoranda of understanding with different companies to bolster its capabilities across product development, manufacturing, financing, and sustainable operations. Its stocks closed the session 0.55% higher.

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Asia Markets

UAE Shares Diverge as Oil Prices Rise Amid Uncertainty Over US-Iran Conflict

Emirati shares struggled to find direction on Tuesday as continued uncertainty over the reopening of the Strait of Hormuz drove oil prices up.At the close of trading, the FTSE ADX General Index was little changed at 0.080% in the green, while the DFM General Index was down 0.218%.According to reports from various media outlets, US President Donald Trump is not satisfied with Iran's new proposal, which consisted of reopening the Hormuz waterway and postponing negotiations over its nuclear program to a later stage."We doubt that the US will go for this, since the US's economic blockade of the Iran remains its key 'pressure tactic' in making Iran concede to the US's fundamental demands pertaining to Iran's power. Yet that it is Iran that is making the proposal suggests that the pressure from the US's economic blockade is being felt, and that the US may not need to invoke its military power again," Macquarie said in a note. " To the US administration, the economic blockade of Iran is intended to have that very effect, i.e., of causing revenue losses that lead to monetary inflation and, ultimately, instability within the regime, and leading to concessions from Iran on the fundamental issues that the US has raised."As of 3:51 pm UAE time, the Brent crude oil futures stood at nearly $112.374 per barrel, up 3.81% from the previous day.Back home, the local economic calendar will see the release of the interest rate decision from the Central Bank of the United Arab Emirates later in the week, following the US Federal Reserve's verdict on its federal funds rate on Wednesday.In corporate news, Aldar Properties (ADX:ALDAR) released its first-quarter earnings report. The real estate developer reported a 12% annual growth in its revenue but closed the trading session 0.37% in the red.Elsewhere, shares of Dubai Investments (DFM:DIC) lost 0.97%. The Dubai-listed investment company declared plans to sell a 24% stake in its unit, Dubai Investments Park, through an initial public offering and distribute improved dividends in 2026, subject to completion of the offering.

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Asia Markets

UAE Indices Snap Losing Streak Amid Renewed Hopes for US-Iran Peace Talks

Emirati equities broke a losing streak on the last trading day of the week as the FTSE ADX General Index added 0.432%, while the DFM General Index gained 0.691% at the close of Friday trading.Global market sentiment was once again bolstered by renewed optimism on continued US-Iran peace talks after a Reuters report said Iranian Foreign Minister Abbas Araqchi is due to arrive in Pakistan on Friday night. Citing a government source, the news outlet added that a US logistics and security team is already in Islamabad.Brent crude oil futures hovered at $104.28 per barrel at 3:58 pm UAE time on Friday, down 0.75% from the previous day.Meanwhile, the International Energy Agency said global liquefied natural gas output dropped 8% year over year due to attacks on Middle Eastern oil and gas infrastructures, with total supply losses of 20 billion cubic meters expected for the period between March and April from Qatar and the UAE."The Middle East conflict has already caused the loss of around 120 bcm of cumulative LNG supply for the period 2026-2030 when considering the combined effect of the near-term supply disruptions and the medium-term implications for supply. The losses resulting from the Middle East conflict account for around 15% of the expected global LNG supply over the 2026-30 period and, as such, will ultimately be offset by the start-up of new liquefaction facilities through the medium term," the IEA commented in its second-quarter gas market report.On the corporate side, the region saw the release of Sudatel Telecommunications Group's (ADX:SUDATEL) full-year 2025 earnings report, in which the telecommunications and internet services company posted a revenue of $452.5 million, its highest over the past six years. Its shares closed the session 1.81% in the green.Elsewhere, Dubai Investments (DFM:DIC) secured shareholders' approval to distribute a cash dividend of 0.25 Emirati dirham per share for 2025, sending the investment company's shares 1.26% higher at closing.

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