What you need to know as UAE markets open on November 2

Here are some things you need to know as markets open today in the United Arab Emirates.

1) Dubai-listed Emaar Properties has announced the sale price range for Emaar Development’s shares, of between AED 5.7 to AED 6.9 per share.

2) Dubai-listed Orient Insurance posted a net profit of AED 78.6 million for Q3 2017, increasing from AED 59.7 million in the same period last year.

3) Abu Dhabi-listed Union Cement Co. reported a net profit of AED 19.3 million in Q3 2017, increasing from AED 18.3 million in the same period last year.

4) Fujairah Building Industries, listed in Abu Dhabi, posted a net profit of AED 22.2 million for the first nine months of 2017, compared to AED 15.6 million in the same period last year.

5) Abu Dhabi National Energy Co. (TAQA) will hold a board meeting on Nov. 8 to review and approve its Q3 2017 financial results.

6) National Industries Group Holding (NI Group) on Wednesday asked Dubai Financial Market to stop trades in its stocks, pending a settlement among its partners and determining seriousness of a withdrawal offer in one of its investments, in which it has 24 percent of the stakes. NI Group is listed in Dubai and Kuwait.

7) The UAE emerged as the top destination among Gulf Cooperation Council (GCC) countries for its ease of doing business, according to a recent World Bank report.

8) The assets held by traditional banks in the UAE rose to AED 2.103 trillion, accounting for 79.6 percent of the total assets of the country's banking system until the end of September, statistics released by the UAE Central Bank showed.

9) Oil prices edged up on Thursday, although Brent crude remained below $61 mark that it crossed yesterday. The global benchmark was last trading up 0.1 percent at $60.55/bbl, while WTI crude was slightly higher at $54.3/bbl.

10) Asian stocks were mixed towards closing hours. Japan’s Nikkei 225 Index was last up 0.1 percent, while China’s CSI 300 Index fell 0.5 percent and Hong Kong’s Hang Seng Index lost 0.2 percent.

Write to Nadeshda Zareen at nadeshda.zareen@argaamplus.com