Emirati Equities Start Shortened Week Higher; Ukraine-Russia Peace Talks Stall

06:11 AM EST, 12/03/2025 (MT Newswires) -- Shares in the United Arab Emirates closed in the green following the National Day holiday, as the FTSE ADX General gained 1.274% and the DFM General Index added 1.195%. The five-hour meeting between Russian President Vladimir Putin and US President Donald Trump's envoy Steve Witkoff ended without a peace deal, with Putin aide Yuri Ushakov describing the talks as "constructive", but no compromises were reached. "...Moscow warns that it might start striking ships of countries supporting Ukraine. This threat comes in light of recent Ukrainian attacks on Russian vessels. It increases tensions amid ongoing discussions between Russia and the US on Ukraine. Moscow claims talks have been constructive so far. But clearly, the issue of territory will be tough to resolve," ING said. Zooming in at home, the Dubai Chamber of Commerce plans to form the Cyprus Business Council to enhance bilateral trade and investments between companies and investors operating in Dubai and Cyprus. Amid a quiet day on the corporate side, stocks of Dana Gas (ADX:DANA) closed 0.77% higher. The gas company restarted production at its Khor Mor facility based in Iraq's Kurdistan region after an attack on its liquid storage tank. Dubai Residential REIT (DFM:DUBAIRESI) reported a 10% year-over-year growth in its revenue for the first nine months, backed by a robust increase in rental rates and leasing activities. Shares of the closed-end real estate investment trust closed the session flat.