UAE Stocks Rise, Oil Prices Up on Middle East Uncertainty

Stock markets in the United Arab Emirates closed higher on Friday, tracking global equities, as investors assessed geopolitical developments. Dubai's main index gained 0.6%, recovering from previous losses, while Abu Dhabi's benchmark edged up 0.04%. Concurrently, Brent crude oil prices rose 0.5% to $106.44 a barrel, driven by uncertainty over Middle East supplies and a larger-than-expected draw from US crude stockpiles.