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Middle East Newsletter: The #UAE’s New Workweek - Bloomberg

Middle East Newsletter: The UAE’s New Workweek - Bloomberg [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Uae, Rupert Neil Bumfrey


I went on my first cruise in 10 years aboard Celebrity Cruises' newest $1 billion ship and I'm still not convinced cruising is for me. Here's why.

The Celebrity Apex.Brittany Chang/Insider I attended the naming ceremony for Celebrity Cruises' new ship, the Celebrity Apex. The two-night sailing was my first cruise in about a decade, and my first time sailing as a solo adult. The cruise line is actively targeting Gen X customers, so unsurprisingly, the experience wasn't for me. At the beginning of this month, I attended the two-night naming ceremony for Celebrity Cruises' newest cruise ship, the Celebrity Apex. The Celebrit...
Tags: Travel, Transportation, Trends, Walmart, Features, Cruise, Cruising, Eden, Rooftop Garden, Peloton, Celebrity Cruises, Lutoff Perlo, Lisa Lutoff Perlo, Brittany Chang, Scarlet Lady Virgin Voyages Source, Eden Brittany Chang


#Saudi Telecom Tumbles as PIF’s Share Offering Timing Disappoints - Bloomberg

Saudi Telecom Co. plunged the most since March 2020 after the kingdom’s sovereign wealth fund sold part of its stake in the company at a discount.Shares in STC fell as much as 6.2%, touching the lowest intraday level since November 2020 before paring gains to trade 4% lower at 1 p.m. in Riyadh. The offering had priced at the low end of the range and at a discount to STC’s closing price on Thursday despite being oversubscribed.The timing of the secondary share sale was “suboptimal, towards year-e...
Tags: Travel, Saudi Arabia, Bloomberg, Middle East, Dubai, Pif, Riyadh, Bloomberg Television, Khalid, STC, Rupert Neil Bumfrey, Arqaam Capital, Saudi Telecom Co, Saudi Arabia Abu Dhabi, HUSSAN, Ziad Itani


#SaudiArabia expects 2022 budget surplus after years of deficit | Reuters

Saudi Arabia expects 2022 budget surplus after years of deficit | ReutersSaudi Arabia said on Sunday it expected to post its first budget surplus in nearly a decade next year, as it plans to restrict public spending despite a surge in oil prices that helped to refill state coffers hammered by the pandemic.After an expected fiscal deficit of 2.7% of gross domestic product this year, Riyadh estimates it will achieve a surplus of 90 billion riyals ($23.99 billion), or 2.5% of GDP, next year - its f...
Tags: Travel, Saudi Arabia, Yemen, Reuters, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, ReutersSaudi Arabia


INCREDIBLE 30 Minute Duck Breasts With Spiced Plums!

Duck breast is a special occasion item and there's no better occasion for it than Christmas. This duck breast with plums is deceptively easy yet it looks complicated. Best of all this duck breast recipe can be done in 30 minutes. This is a pushy recipe Dear Reader!
Tags: Travel


#Iran Bases Next Year’s Budget on $60-a-Barrel Oil, Fars Says - Bloomberg

Iran Bases Next Year’s Budget on $60-a-Barrel Oil, Fars Says - Bloomberg The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year, the semi-official Fars news agency reported.The country expects to export around 1.2 million barrels of oil daily in the year that starts on March 21, Fars reported, according to outlines of the country’s proposed budget for next year. This calendar year it was projected to export up to 1.5 million barrels a day,...
Tags: Travel, Iran, Tehran, Donald Trump, Trump, FARS, Rupert Neil Bumfrey, Ebrahim Raisi, Barrel Oil Fars Says Bloomberg


Tigray rebels retake Ethiopian heritage town of Lalibela

Residents of Unesco-listed town, 400 miles north of Addis Ababa, say Tigrayan fighters have seized controlTigray rebels have recaptured the north Ethiopian town of Lalibela, home to a Unesco world heritage site, 11 days after Ethiopian forces said they had retaken control, local residents have said.It marks another dramatic twist in the 13-month-old conflict that has killed thousands of people and triggered a deep humanitarian crisis in the north of Africa’s second most populous nation. Continue...
Tags: Africa, World news, Unesco, Ethiopia, Addis Ababa, Lalibela, Tigray


Most Gulf bourses end higher, #Dubai rises for eighth session | Reuters

Most Gulf bourses end higher, Dubai rises for eighth session | Reuters Most Gulf stock markets ended higher on Sunday, buoyed by a rise in oil prices due to easing concerns over the Omicron coronavirus variant's impact on global growth and fuel demand.Saudi Arabia's benchmark index (.TASI) rose 0.3%, with Sahara International Petrochemical Company (2310.SE) rising 3.3% and petrochemical maker Saudi Basic Industries Corp (2010.SE) adding 1.1%.However, the index's gains were limited by losse...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Uae, Reuters, Saudi Basic Industries Corp, STC, Tasi, Rupert Neil Bumfrey, Saudi Telecom Company STC, Public Investment Fund, Gulf Egypt, Emiratisation, Commercial International Bank COMI


Gabriel’s Letter to Santa Claus

Gabriel sat at Chelsea’s turned off computer busily typing a message to, « Ho-Ho-Ho” aka Santa Claus. Chelsea asked him what he was doing? He said that he didn’t want Ho Ho Ho to come to his house. Chelsea asked him why he did not want Ho Ho Ho to come to his house. he responded that he didn’t want presents. Chelsea repeated, « you don’t want Santa Claus to come to your house because you don’t want any presents? » Gabriel said yes. Trying not to laugh Chelsea said, «Okay then make sure you tel...
Tags: Travel, Chelsea, Santa Claus, Claus, Gabriel, HO HO HO, French la Vie, Vavie, Claus Chelsea


Bank of America expects busy year of Gulf IPOs | Reuters

Bank of America expects busy year of Gulf IPOs | ReutersGulf exchanges are likely to have another busy year of initial public offerings (IPOs) in 2022, possibly surpassing this year's bumper crop, a Bank of America (BAC.N) executive told Reuters.After a year that featured three major IPOs on both Abu Dhabi's ADX and Saudi Arabia's Tadawul markets, Dubai has announced plans to list as many as 10 state-owned companies. read more"We expect ADX and Tadawul to be very busy. The major difference in 20...
Tags: Travel, Saudi Arabia, Ipo, Africa, Bank Of America, Dubai, Abu Dhabi, Gulf, Reuters, Tadawul, Rupert Neil Bumfrey, Bank of America BAC N, Emaar Properties EMAR DU, Central and Eastern Europe Middle East, ReutersGulf, Christian Cabanne Bank of America


#Qatar central bank governor to head Financial Markets Authority | Reuters

Qatar central bank governor to head Financial Markets Authority | Reuters Qatar's Emir Sheikh Tamim bin Hamad al-Thani appointed on Sunday central bank governor Sheikh Bandar bin Mohamed bin Saud al-Thani as head of the board of the Qatar Financial Markets Authority (QFMA), the emiri court said in a statement. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Qatar, Hamad al Thani, Financial Markets Authority, Rupert Neil Bumfrey, Qatar Financial Markets Authority, Sheikh Bandar bin Mohamed bin Saud al Thani


OPEC Should Sit Tight While Assessing Impact of Omicron, Emergency Stockpiles - Bloomberg

OPEC Should Sit Tight While Assessing Impact of Omicron, Emergency Stockpiles - Bloomberg The OPEC+ meeting that began on Dec. 1 is still technically “in session” 11 days later. Remarkably, perhaps, it’s still short of being the oil producer group’s longest gathering — it has another week to go to beat the one held in October 1986.This time, of course, it is much easier to conduct a lengthy meeting. With the deliberations held by videoconference, ministers are free to conduct their normal ...
Tags: Travel, Opec, Geneva, Rupert Neil Bumfrey


World Cup, IPOs to Buoy Gulf Stocks in 2022 as Oil Boost Fades - Bloomberg

World Cup, IPOs to Buoy Gulf Stocks in 2022 as Oil Boost Fades - Bloomberg It’s been the best year in more than a decade for Gulf stocks thanks to booming oil prices. And investors expect further gains in 2022, driven by the soccer World Cup and new listings.The region’s stocks are on track for their best annual performance since 2007, with a return of 36% including dividends. That compares with 20% for the MSCI World Index, which tracks developed world markets, and a 1.9% loss for the MSC...
Tags: Travel, Qatar, Bloomberg, Dubai, Gulf, Rupert Neil Bumfrey, Dubai Electricity Water Authority, Buoy Gulf Stocks


STC weighs on #Saudi bourse; #Dubai extends gains | Reuters

STC weighs on Saudi bourse; Dubai extends gains | Reuters The Saudi Arabian stock market fell in early trade on Sunday, weighed down by a sharp fall for Saudi Telecom Company (STC) after a secondary share offering.The benchmark index (.TASI) dropped 0.5%, dragged down by a 4.4% slide in Saudi Telecom Company (7010.SE).Saudi sovereign wealth fund Public Investment Fund (PIF) set the final price for the sale of 120 million shares in STC at 100 riyals per share, at the lower end of an earlier pri...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Reuters, STC, Commercial Bank, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, QSI, Saudi Telecom Company STC, Public Investment Fund PIF, DFMGI, Etisalat ETISALAT, Dubai Islamic Bank DISB DU Dubai


#Dubai’s business conditions continue to remain at two-year high on Expo 2020 boost

Dubai’s business conditions continue to remain at two-year high on Expo 2020 boost Dubai's non-oil economy continued to grow in November, with business conditions registering their sharpest improvement in more than two years, helped by a pick-up in new business and a rebound in international travel linked to Expo 2020.The emirate's seasonally adjusted IHS Markit Purchasing Managers' Index remained at 54.5 in November, the same as the previous month's level, to indicate the joint-stronges...
Tags: Travel, Dubai, David Owen, Rupert Neil Bumfrey, IHS Markit


Weekly Top Posts: 2021-12-12

Due Date Approaching Au Bain Marie in Paris French Yogurt Cake www.theglassmuseum.com/fishingfloats.htm www.moruslondinium.org/research/mulberries-and-silk-john-feltwell
Tags: Travel, Paris, FeedSplice by FeedBlitz, Bain Marie


New #UAE weekend: Banks will stay open for six days a week, including Fridays | Banking – Gulf News

New UAE weekend: Banks will stay open for six days a week, including Fridays | Banking – Gulf News Banks in the country will continue to operate for six days a week, including Fridays, once the new working week rule comes into effect, the UAE Central Bank said in a circular.Banking halls should operate for a minimum of five hours a day, six days a week, “except for working hours during the holy month of Ramadan”, the circular said.“It is left to the banks to determine the working hours and day...
Tags: Travel, Uae, Gulf News, UAE Central Bank, New UAE, Rupert Neil Bumfrey, Gulf News Banks


#Saudi Stocks Drop Most in Mideast, Pulled Down by STC: Inside EM - Bloomberg

Saudi Stocks Drop Most in Mideast, Pulled Down by STC: Inside EM - Bloomberg Saudi Arabia’s benchmark stock index fell the most in the Middle East after the kingdom’s wealth fund sold part of its stake in country’s biggest telecom operator at a discount.The timing of the secondary share offering in Saudi Telecom Co. was “quite suboptimal, towards year-end with liquidity drying up in the market, when books are being closed, and in tandem with the IPO of Tadawul,” said Ziad Itani, an executive d...
Tags: Travel, Qatar, Bloomberg, Egypt, Middle East, Dubai, Abu Dhabi, Kuwait, Mideast, STC, Riyad Bank, Rupert Neil Bumfrey, Arqaam Capital, Al Rajhi Bank, Saudi Telecom Co, QE Index


Sunday among the vines

It's Sunday in the waning days of autumn. That means that it's hunt day and, as the days continue to shorten, the window of light between dawn and 09h00 (when hunting begins) is narrow. Tasha and I have to get out and back before the guys with guns show up. Tasha on the vineyard road on a foggy Saturday morning. Not a hunt day. There's not really much danger to us. The hunters wear bright orange vests and are generally very aware of people walking along the vineyard road. I just worry that Tas...
Tags: Travel, WCS, Tasha, The Vineyard



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