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Goldman Blacklisted in #AbuDhabi in Fresh Blow From 1MDB Scandal - Bloomberg

Goldman Blacklisted in Abu Dhabi in Fresh Blow From 1MDB Scandal - Bloomberg:An Abu Dhabi-controlled investment fund has halted new business with Goldman Sachs Group Inc., adding to the growing fallout for the U.S. bank from its role in the 1MDB corruption scandal."We have suspended any activities with Goldman Sachs pending outcome of our existing litigation," Brian Lott, a spokesman for Mubadala Investment, said in a statement. "The only exceptions are engagements signed prior to the litigation...
Tags: Travel, New York, Bloomberg, Goldman Sachs, Abu Dhabi, Goldman Sachs Group Inc, Rupert Neil Bumfrey, Mubadala, Abudhabi, Aabar Investments, International Petroleum Investment Co, Mubadala Investment, Brian Lott, Goldman Blacklisted


Mideast Stocks: #AbuDhabi snaps losing streak, DISB hits #Dubai | ZAWYA MENA Edition

Mideast Stocks: Abu Dhabi snaps losing streak, DISB hits Dubai | ZAWYA MENA Edition:The Abu Dhabi stock market rose on Thursday, recovering some losses it suffered over 10 straight sessions, while Dubai was pulled down by Dubai Islamic Bank's going ex-dividend.The Abu Dhabi index rose 1.9 percent. First Abu Dhabi Bank, the United Arab Emirates' biggest bank, gained 2.8 percent and Emirates Telecommunications rose 3.7 percent.Late last month, FAB shareholders approved an increase in the limit of ...
Tags: Travel, Dubai, Abu Dhabi, Rupert Neil Bumfrey, Dubai Islamic Bank, Abudhabi, First Abu Dhabi Bank the United Arab Emirates, Emirates Telecommunications


#AbuDhabi's Etihad Airways posts $1.28 billion loss in 2018 | Reuters

Abu Dhabi's Etihad Airways posts $1.28 billion loss in 2018 | Reuters:Abu Dhabi’s Etihad Airways reported on Thursday its third consecutive annual loss in 2018, blaming challenging market conditions and the effects of an increase in fuel prices. Etihad’s net loss narrowed to $1.28 billion for last year, from $1.52 billion in 2017, it said in a statement.The airline reported revenues of $5.86 billion in 2018, it said in a statement. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Abu Dhabi, Etihad, Reuters, Etihad Airways, Rupert Neil Bumfrey, Abudhabi


MIDEAST STOCKS-Rising oil price boosts #Saudi, top telecom firm weighs on #AbuDhabi | Reuters

MIDEAST STOCKS-Rising oil price boosts Saudi, top telecom firm weighs on Abu Dhabi | Reuters:Saudi Arabia's stock market rose on Wednesday as banks and petrochemical shares gained amid rising oil prices, while Abu Dhabi was pulled down by Emirates Telecommunications.Saudi Arabia's index was up 1 percent, with Al Rajhi Bank gaining 0.9 percent.The Middle East's largest petrochemical maker Saudi Basic Industries (SABIC) also rose 1 percent in active trade after it said it will merge its units Saud...
Tags: Travel, Saudi Arabia, Middle East, Abu Dhabi, Rupert Neil Bumfrey, Saudi Basic Industries SABIC, Abudhabi, Al Rajhi Bank, Saudi Petrochemical Co, Arabian Petrochemical Co


MIDEAST STOCKS- #Saudi slips on sliding banks, top lender lifts #AbuDhabi | Reuters

MIDEAST STOCKS-Saudi slips on sliding banks, top lender lifts Abu Dhabi | Reuters:Saudi Arabia’s stock market fell in early trading on Monday as most of its bank shares dropped, while Abu Dhabi was lifted partially by its top lender First Abu Dhabi Bank.Saudi Arabia’s index was down 0.6 percent with Riyad Bank falling 1.7 percent and Al Rajhi Bank slipping 0.8 percent.Southern Province Cement lost 1.3 percent after reporting a 47 percent drop in its full-year net profit due to lower sales prices...
Tags: Travel, Saudi Arabia, Abu Dhabi, Reuters, Riyad Bank, Rupert Neil Bumfrey, Abudhabi, Al Rajhi Bank, First Abu Dhabi Bank Saudi Arabia, Southern Province Cement


City stats: #AbuDhabi versus #Dubai #UAE | Financial Times

City stats: Abu Dhabi versus Dubai | Financial Times:Despite being neighbours, each emirate has a different reliance on oil and tourism but the property markets are in step [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Dubai, Abu Dhabi, Rupert Neil Bumfrey, Abudhabi


Mideast Stocks: #AbuDhabi and #Qatar drop as heavyweight blue-chips go ex-dividend | ZAWYA MENA Edition

Mideast Stocks: Abu Dhabi and Qatar drop as heavyweight blue-chips go ex-dividend | ZAWYA MENA Edition:Abu Dhabi's stock index fell sharply on Wednesday, hurt by a slide in First Abu Dhabi Bank , while Qatar was pulled down by Industries Qatar , after both shares went ex-dividend.The Abu Dhabi index fell 2 percent, declining for the fifth straight session with First Abu Dhabi Bank , the country's largest lender, slumping 4.5 percent.The bank announced a cash dividend of 0.74 dirhams last month. ...
Tags: Travel, Qatar, Abu Dhabi, Rupert Neil Bumfrey, Abudhabi, First Abu Dhabi Bank


#AbuDhabi's ADIA unit partners with India's Kotak Investment to launch fund | ZAWYA MENA Edition

Abu Dhabi's ADIA unit partners with India's Kotak Investment to launch fund | ZAWYA MENA Edition:Abu Dhabi's sovereign wealth fund said on Thursday its subsidiary was launching a fund with India's Kotak Investment Advisors.The fund will target a range of non-performing loan (NPL) opportunities in India, ADIA said in a statement.The fund will "target both pre-stress and distressed opportunities, with a key focus on providing financial support to pre-stress businesses to prevent them from entering...
Tags: Travel, India, Abu Dhabi, NPL, ADIA, Rupert Neil Bumfrey, Abudhabi, Kotak Investment, Kotak Investment Advisors


The impact consolidation will have on #AbuDhabi's banking sector | ZAWYA MENA Edition

The impact consolidation will have on Abu Dhabi's banking sector | ZAWYA MENA Edition:Planned mergers are set to create a more consolidated and robust banking sector in Abu Dhabi, strengthening its position as a leader in the regional financial market.In January Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) issued a statement to the Abu Dhabi Securities Exchange stating that they had formalised plans to merge, and that the new entity would continue to trade under the ADCB name.F...
Tags: Travel, Abu Dhabi, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, ADCB, Abu Dhabi Commercial Bank ADCB, Union National Bank UNB, Abudhabi, MENA Edition, Al Hilal Bank


Brumotti, Tour in bici negli Emirati Arabi

Dopo il suo viaggio ‘Brumotti per l’Italia’ sponsorizzato dal FAI – Fondo Ambiente Italiano, da Livigno (a nord) fino ad Agrigento
Tags: Travel, Featured, Dubai, Tour, BICI, Livigno, Eventi, News da Abu Dhabi, News da Dubai, INFORMAZIONI su DUBAI ed EMIRATI ARABI, Abudhabi, Emirati Arabi, FAI Fondo Ambiente Italiano, Vittorio Brumotti


Exclusive: #AbuDhabi expected to extend bailout loan to #Dubai, #UAE sources say | Reuters

Exclusive: Abu Dhabi expected to extend bailout loan to Dubai, sources say | Reuters:Abu Dhabi is expected to roll over for the second time $20 billion of debt, due next month, that it extended to Dubai during its financial crisis a decade ago, three sources familiar with the matter said.Dubai got the aid from the oil-rich capital of the United Arab Emirates in 2009 after the global credit crisis caused its real estate market to crash, threatening to force some state-linked companies to default ...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Uae, Reuters, Dubai UAE, Rupert Neil Bumfrey, Abudhabi


GCC Equities Review: #AbuDhabi ascends despite dramatic #Dubai downfall | ZAWYA MENA Edition

GCC Equities Review: Abu Dhabi ascends despite dramatic Dubai downfall | ZAWYA MENA Edition:Investing in two stock markets in the same country would not usually be considered a way of diversifying assets, but investors who had stakes in both of the United Arab Emirates’ main equities exchanges last year will have noted that that there was little in the way of correlation between them.The Abu Dhabi market index finished the year 10.7 percent higher but, as the head of research at Menacorp, Issam ...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Etisalat, Rupert Neil Bumfrey, Abudhabi, Abu Dhabi National Energy Co TAQA, First Abu Dhabi Bank, Watania, GCC Equities Review, Menacorp Issam Kassabieh


#AbuDhabi's Etihad to cut 50 pilots after big loss last year: sources | Reuters

Abu Dhabi's Etihad to cut 50 pilots after big loss last year: sources | Reuters:Etihad Airways plans to cut 50 pilot jobs by end of this month after a significant loss last year, two sources who have seen an internal memo by the airline told Reuters on Thursday. The state-owned Gulf carrier has been reviewing its business since 2016 after a strategy of investing billions of dollars in other airlines failed.Etihad has around 160 surplus pilots and will lay off 50 by the end of January, the airlin...
Tags: Travel, Abu Dhabi, Etihad, Gulf, Reuters, Etihad Airways, Rupert Neil Bumfrey, Abudhabi


#AbuDhabi’s three-way banking merger likely in 2019 first quarter

Abu Dhabi’s three-way banking merger likely in 2019 first quarter:Creating bigger banks would help with the industry’s medium-term progress, especially as fintech-related services are making a presence regionally, analysts said as news reports emerged that the merger of Abu Dhabi Commercial Bank (ADCB), Union National Bank and Al Hilal Bank is expected to be completed in the first quarter next year.The Arabic daily ‘Al Khaleej’ quoting sources reported that a committee consisting of financial an...
Tags: Travel, GCC, Abu Dhabi, Al Khaleej, Rupert Neil Bumfrey, ADCB, Abudhabi, Union National Bank, Al Hilal Bank, Abu Dhabi Commercial Bank ADCB Union National Bank


Last stop Abu Dhabi

Geo 24.4764 54.3705Taxi to Rome Airport and the usual wait for boarding etcSeven hours later we landed in ABU DHABI geez its hot here.Fast taxi ride to our hotel and checked in easily.A light dinner at the best Greek restaurant in AbuDhabi and of
Tags: Travel, Abu Dhabi, Abudhabi, Rome Airport


Donna australiana arrestata ad Abu Dhabi per post su Facebook

Una donna australiana è stato arrestata e incarcerata ad Abu Dhabi negli Emirati Arabi Uniti per aver scritto parolacce sui
Tags: Travel, Facebook, Post, Social Media, Abu Dhabi, Donna, News da Abu Dhabi, Emirati Arabi Uniti, INFORMAZIONI su DUBAI ed EMIRATI ARABI, Leggi, Polizia, Abudhabi, Arresto, Libertà



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