What you need to know as UAE markets open on Sept. 25

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