Feb 4 (Reuters) – Stock markets in the United Arab Emirates (UAE) rebounded on Friday, as oil prices touched seven-year highs on fears of supply disruptions. Aldar Properties said on Thursday it planned to invest 1 billion dirhams ($272.29 million) in Aldar Education, its wholly owned subsidiary, and the largest premium school operator in Abu Dhabi . Abu Dhabi index also fell 0.4% for the week. Markets in the UAE shifted to a new Monday-to-Friday working week from the start of 2022 to better align with global markets. ABU DHABI (.FTFADGI) rose 0.1% to 8,733 points DUBAI (.DFMGI) gained 0.6% to 3,171 points($1 = 3.6726 UAE dirham)

Source: Egypt Independent February 05, 2022 02:07 UTC