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UAE Shares Kick Off US Fed Week Mixed

MT Newswires·12/08/2025 06:47:43
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06:47 AM EST, 12/08/2025 (MT Newswires) -- Markets in the United Arab Emirates ended mixed on Monday as investors turned their focus towards the US Federal Reserve's highly anticipated interest rate decision this week. At closing, the FTSE ADX General Index shed 0.139%, while the DFM General Index was 0.246% in the green. "All roads this week will point to Wednesday's FOMC. Markets and DB expect the Fed to deliver a final and third 25bps rate cut for 2025, making it 6 cuts and 175bps in this easing cycle since September 2024. The decision is unlikely to be unanimous, with dissent anticipated from both hawkish and dovish members," Deutsche Bank Research said in a note. Market watchers will also be closely monitoring the interest rate policies from other major countries this week, such as England, Canada, and Japan. Back at home, Reuters reported Monday, citing the UAE's Minister of Energy Suhail Mohamed Faraj Al Mazrouei, that the country intends to boost its liquefied natural gas exports, as well as meet domestic demand. Over to corporates, Aldar Properties (ADX:ALDAR) closed 0.11% higher as it launched a joint venture with Mubadala Investment Co. to expand the Al Maryah Island project comprising 1.5 million square meters of office, residential, retail, and hospitality space in Abu Dhabi. Meanwhile, Islamic Arab Insurance (DFM:SALAMA), d/b/a Salama, said that the approval process for its planned capital reduction is underway. Shares of the Dubai-listed insurance company were 0.25% in the green at closing.