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New Asia focused airline orders first aircraftNew Asia focused airline orders first aircraft

Alaska-based Northern Pacific Airways plans to fly to East Asia
Tags: Travel, Asia, Alaska, Northern Pacific Airways


#UAE News: Government Seeks $100 Billion India Trade as It Deepens Ties - Bloomberg

UAE News: Government Seeks $100 Billion India Trade as It Deepens Ties - Bloomberg The United Arab Emirates is seeking to more than double non-oil trade with India to as much as $100 billion over five years as part of efforts to deepen ties with fast-growing economies beyond the Middle East.The two governments are set to start talks on an economic pact aimed at boosting business, investment and jobs, UAE Minister of State for Foreign Trade Thani Al Zeyoudi said on a visit to New Delhi for talk...
Tags: Travel, Asia, India, Britain, Middle East, United Arab Emirates, New Delhi, Uae, Piyush Goyal, Goyal, Rupert Neil Bumfrey, Thani Al Zeyoudi, Deepens Ties Bloomberg, Saudi Arabia Earlier, Africa Last


Pan Pacific Hotels Group Expands Global Footprint Across 10 Key Gateway Cities In Prime Locations

Pan Pacific Hotels Group continues to grow its global pipeline with 13 new properties across 10 key gateway cities by 2024. More than 3,300 rooms will be added to the Group’s inventory, bringing its portfolio to 48 hotels, resorts, and serviced suites across 29 cities. Pan Pacific Hotels Group’s parent UOL Group Limited is one of Asia’s most established hotel and property companies.
Tags: Travel, Asia, Group, Pan Pacific Hotels Group, UOL Group Limited


OPEC, #Qatar Say Crisis Shows More Investment Needed: Gas Update - Bloomberg

OPEC, Qatar Say Crisis Shows More Investment Needed: Gas Update - Bloomberg Qatar Says Demand for LNG is Huge (11:50am UAE)“There is huge demand and we basically have a set capacity,” Qatar’s energy minister, Saad Al-Kaabi, said. The country is the world’s biggest exporter of liquefied natural gas and is investing billions of dollars to increase production, though the project will take years.“They are queuing up for LNG. We have huge demand from all our customers and unfortunately we can’t ...
Tags: Travel, Asia, Opec, Qatar, Bloomberg, Uae, Rupert Neil Bumfrey, Saad al Kaabi


MIDEAST STOCKS Most Gulf bourses decline as lower oil prices weigh | Reuters

MIDEAST STOCKS Most Gulf bourses decline as lower oil prices weigh | Reuters Dubai led declines among stock markets in the Gulf on Monday, as sentiment was weighed by a fall in global equities and oil prices.Global shares skidded as investors fretted about the spillover risk to the global economy from property group China Evergrande's troubles, while eyeing a week packed with global central bank meetings. read moreDubai's main share index (.DFMGI) retreated 1.2%, as most of the stocks on t...
Tags: Travel, Asia, Saudi Arabia, Global, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, QSI, Reuters Dubai, Al Rajhi Bank, Gulf Egypt


#UAE central bank sees COVID-19 increasing money-laundering risks | Reuters

UAE central bank sees COVID-19 increasing money-laundering risks | Reuters The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, it said in a report published on Sunday.The use of unlicensed money service providers for money laundering has increased during the coronavirus crisis last year, the report said, as well as the use of e-commerce to launder money."Widespread lockdow...
Tags: Travel, Asia, Africa, United Arab Emirates, Uae, Reuters, Rupert Neil Bumfrey, COVID


How 9/11 changed Afghanistan and tarnished the United States’ reputation

Biden may well find that abandoning Afghanistan does not actually take him to a happy place for long, writes Kim Sengupta
Tags: Travel, Asia, Afghanistan, United States, Biden, South Asia


MIDEAST STOCKS Most Gulf bourses fall in early trade | Reuters

MIDEAST STOCKS Most Gulf bourses fall in early trade | Reuters Most stock markets in the Gulf region fell in early trade on Thursday, with Abu Dhabi set for its first weekly loss in eight, in line with subdued Asian shares.Hong Kong's Hang Seng index led the declines in Asia, dropping to its lowest so far this year, while Chinese shares sank over fears that the liquidity crisis at China's Evergrande Group could affect the broader economy. read moreSaudi Arabia's benchmark index (.TASI) eased 0...
Tags: Travel, Asia, Hong Kong, UK, China, Dubai, Telecom, Boris Johnson, Abu Dhabi, Uae, Gulf, Reuters, ACWA Power, United Arab Emirate, Tasi, Saudi Telecom Company


'SIGNIEL', LOTTE HOTEL's premium landmark hotel brand, rises as Asia's best luxury hotel

The largest hotel group in Korea, LOTTE HOTELS & RESORTS launched its new premium hotel brand, ‘SIGNIEL’. SIGNIEL is a composite word of ‘signature’ and ‘LOTTE’, representing the hotel’s legitimacy as the uppermost hotel brand. SIGNIEL has successfully settled down on the strength of its world-class hardware and management philosophy ‘Live Beyond Expectations’ providing services exceeding the expectations of guests.
Tags: Travel, Asia, Korea LOTTE


MIDEAST STOCKS #Saudi, #UAE stocks gain after IEA's oil demand outlook | Reuters

MIDEAST STOCKS Saudi, UAE stocks gain after IEA's oil demand outlook | Reuters Stock markets in Saudi Arabia and the United Arab Emirates (UAE) closed higher on Wednesday, a day after the International Energy Agency (IEA) forecast a positive oil demand.The IEA said on Tuesday that vaccine roll-outs were set to power a rebound in oil demand after a three-month slide due to the spread of the Delta variant of COVID-19 and pandemic restrictions, especially in Asia. read moreSaudi Arabia's benc...
Tags: Travel, Asia, Saudi Arabia, Egypt, United Arab Emirates, Dubai, IEA, Abu Dhabi, Chemical, Uae, Gulf, Reuters, Emirates NBD, International Energy Agency IEA, United Arab Emirates UAE, Tasi


Members Plan Coordinated Restart of Tourism Across Asia and The Pacific

The 33rd Joint meeting of the World Tourism Organization’s Commission for East Asia and the Pacific and its Commission for South Asia (14 September 2021) came on the back of a challenging year for the region. The first to feel the impacts of the pandemic, the tourism sector of Asia and the Pacific has also been the hardest hit, recording a 95% fall in international arrivals in the first five months of 2021.
Tags: Travel, Asia, Pacific, East Asia, World Tourism Organization 's Commission, Commission for South Asia


SoftBank Makes First #Saudi Deal Together With Wealth Fund’s Unit - Bloomberg

SoftBank Makes First Saudi Deal Together With Wealth Fund’s Unit - Bloomberg SoftBank Group Corp. has made its first investment in a company based in Saudi Arabia, partnering with a unit of the kingdom’s sovereign wealth fund to lead a $125 million financing for customer communication platform Unifonic.Proceeds will be used to fund growth in the Middle East and expansion into Asia and Africa, Unifonic co-founder and Chief Executive Officer Ahmed Hamdan said in an interview. The company will al...
Tags: Travel, Asia, Saudi Arabia, Softbank, Bloomberg, Middle East, United Arab Emirates, Dubai, Rupert Neil Bumfrey, Ahmed Hamdan, Bloomberg SoftBank Group Corp, Africa Unifonic, Trendyol SoftBank


Vaccines set to unleash pent-up oil demand -IEA | Reuters

Vaccines set to unleash pent-up oil demand -IEA | Reuters After three months of decline in global oil demand, COVID-19 vaccine roll-outs are set to unleash thirst for oil stymied by pandemic restrictions especially in Asia, the International Energy Agency (IEA) said on Tuesday."Already signs are emerging of COVID cases abating with demand now expected to rebound by a sharp 1.6 million barrels per day (bpd) in October, and continuing to grow until end-year," the Paris-based IEA wrote in its mon...
Tags: Travel, Asia, Paris, IEA, Reuters, International Energy Agency IEA, Rupert Neil Bumfrey


MIDEAST STOCKS #AbuDhabi leads most Gulf markets lower in line with Asian shares | Reuters

Most stock markets in the Gulf region fell in early trade on Monday, with Abu Dhabi leading declines, following losses in Asian shares ahead of major U.S. and Chinese economic data.U.S. House Democrats are expected to propose raising the corporate tax rate to 26.5% from 21% as part of a sweeping plan that includes tax increases on the wealthy, corporations, and investors, according to two people familiar with the matter. read moreA Financial Times report about Beijing's plans to break up Alipay,...
Tags: Travel, Asia, Beijing, House, Abu Dhabi, Jack Ma, Uae, Gulf, Reuters, Emirates NBD, Emirati, Emaar, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, First Abu Dhabi Bank


An aviation startup wants to revolutionize frequent flyer programs by letting travelers earn cryptocurrency simply by flying: Meet FlyCoin

Mongkol Foto/Shutterstock FlyCoin is a new fintech startup looking to offer flyers an alternative to traditional loyalty programs. Flyers can earn "FlyCoins" that can be exchanged for currencies such as bitcoin or US dollars. Ravn Alaska is currently participating in the program and Northern Pacific Airways will join once flights launch. See more stories on Insider's business page. Accruing cryptocurrency may soon be as easy as earning airline frequent flyer miles. FlyCoin is a new f...
Tags: Travel, Transportation, Asia, News, Finance, Planes, US, Trends, Bitcoin, Alaska, Standard Chartered, Moon, Aviation, Airlines, El Salvador, Cryptocurrencies


Alitalia is dying and being reborn as a new airline called ITA - see the full history of Italy's troubled flag carrier

An Alitalia Airbus A330 airplane is pictured at Leonardo da Vinci-Fiumicino Airport in Rome Reuters Government-owned Alitalia is ceasing operations on October 15 after failing to secure investors, marking the end of its 74-year era. The national carrier will be replaced by Italia Transporto Aereo, a brand new airline independent of Alitalia that will not be responsible for the old carrier's debt to the state. ITA plans to purchase 52 Alitalia aircraft, acquire its slots at Milan Linat...
Tags: Travel, Transportation, Asia, Europe, UK, New York, Milan, Air Travel, Life, Germany, Berlin, Planes, Trends, Bloomberg, European Union, Ukraine


MIDEAST STOCKS Most Gulf markets track Asia lower; #AbuDhabi hits record high | Reuters

MIDEAST STOCKS Most Gulf markets track Asia lower; Abu Dhabi hits record high | Reuters Most Gulf stock markets were subdued on Thursday, in line with Asian stocks, although Abu Dhabi bucked the trend to touch a record peak.Asian shares were set for their worst day in two weeks, weighed down by the latest regulatory crackdown in China and global investors worries' about a looming reduction in central bank stimulus."This week's nervousness in equity markets is a sign that investors are beginnin...
Tags: Travel, Asia, China, Kingdom, Four Seasons Hotels and Resorts, United Arab Emirates, Federal Reserve, Abu Dhabi, Gulf, Alwaleed Bin Talal, Reuters, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Abudhabi, First Abu Dhabi Bank FAB


Over 200 female Afghan judges trapped in hiding are at risk of being ‘killed by Taliban’

Exclusive: ‘Now the Taliban has come to power and released the prisoners, this man has called me via the phone’ says female judge
Tags: Travel, Asia, Taliban, South Asia


#AbuDhabi wealth fund’s returns surged in 2020 despite COVID | Markets – Gulf News

Abu Dhabi wealth fund’s returns surged in 2020 despite COVID | Markets – Gulf News Abu Dhabi Investment Authority (ADIA), the UAE’s biggest sovereign wealth fund achieved stronger rates of return despite the COVID-19 crisis impacting the global economy according to its 2020 annual review.While the COVID crisis impacted all aspects of life across the world, ADIA said it remained focused on its mission. ADIA’s investments in private equity and Infrastructure have grown over a number of yea...
Tags: Travel, Asia, Abu Dhabi, Uae, Hamed, ADIA, Rupert Neil Bumfrey, Gulf News Abu Dhabi Investment Authority ADIA


Oil slides on demand concerns, strong dollar | Reuters

Oil slides on demand concerns, strong dollar | Reuters Oil prices fell on Tuesday, pressured by a strong U.S. dollar and concerns about weak demand in the United States and Asia, although ongoing production outages on the U.S. Gulf Coast capped losses.U.S. West Texas Intermediate crude settled down 94 cents or 1.4% from Friday's close at $67.35 a barrel, and touched a session low of $67.64. There was no settlement price for Monday due to the Labor Day holiday in the United States.Brent crude f...
Tags: Travel, Asia, Saudi Arabia, United States, Houston, Gulf Coast, Reuters, Reuters Oil, Rupert Neil Bumfrey, John Saucer, Mobius Risk Group, United States Brent


MIDEAST STOCKS #AbuDhabi outperforms Gulf peers, #Saudi index near 14-year high | Reuters

MIDEAST STOCKS Abu Dhabi outperforms Gulf peers, Saudi index near 14-year high | Reuters Abu Dhabi's stock market outperformed its Gulf peers on Tuesday, driven by a bounce in telecoms giant Etisalat, while the Saudi index closed at its highest in nearly 14 years.The Abu Dhabi index (.ADI) advanced 1.2%, buoyed by a 6.7% jump in Emirates Telecommunications Group (ETISALAT.AD), the company's biggest intraday rise in about eight months.Etisalat said earlier in the day it had secured required...
Tags: Travel, Asia, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Ksa, Gulf, Reuters, Zain, Etisalat, Reuters Abu Dhabi, Tasi, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Abu Dhabi National Oil Co


Oil falls on worries about weak demand | Reuters

Oil falls on worries about weak demand | Reuters Oil prices fell on Tuesday on concerns over weak demand in the United States and Asia, although ongoing production outages on the U.S. Gulf Coast helped to limit losses.Industry analysts said a strengthening U.S. dollar also weighed on crude prices. A strong dollar makes oil more expensive for holders of other currencies.U.S. West Texas Intermediate crude was down $1.08 or 1.6% from Friday's close at $68.21 a barrel at 1522 GMT. There was no set...
Tags: Travel, Asia, United States, Reuters, Reuters Oil, U S Gulf Coast, Rupert Neil Bumfrey, United States Brent


#Saudi, #UAE Leaders Hold Talks as Regional Competition Heats Up - Bloomberg

Saudi, UAE Leaders Hold Talks as Regional Competition Heats Up - Bloomberg The defacto rulers of Saudi Arabia and the United Arab Emirates held talks late Monday, days after the UAE unveiled plans to deepen trade ties with fast-growing economies mainly outside the Middle East.Saudi Crown Prince Mohammed bin Salman called his Abu Dhabi counterpart Sheikh Mohammed bin Zayed Al Nahyan and discussed “the prospects of further consolidating the strategic cooperation” between the countries, the UAE’s...
Tags: Travel, Asia, Saudi Arabia, Wam, Africa, Bloomberg, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Uae, Mohammed, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, Sheikh Mohammed bin Zayed al Nahyan


Oil mixed, fears of slower demand weigh on sentiment | Reuters

Oil mixed, fears of slower demand weigh on sentiment | Reuters Oil prices were mixed on Tuesday as some investors scooped up bargains following recent losses, while Saudi Arabia's sharp cuts in crude contract prices for Asia sparked fears over slower demand and weighed on sentiment.Brent crude futures for November rose 35 cents, or 0.5%, to $72.57 a barrel by 0654 GMT, after falling 39 cents on Monday.U.S. West Texas Intermediate crude for October was at $69.16 a barrel, down 13 cents, or 0.2%...
Tags: Travel, Asia, Saudi Arabia, Reuters, Saudi Aramco, Reuters Oil, United States State, Rupert Neil Bumfrey


Oil falls after #Saudi price cuts | Reuters

Oil falls after Saudi price cuts | Reuters Oil prices fell on Monday after Saudi Arabia's sharp cuts to crude contract prices for Asia revived concerns over the demand outlook.Brent crude futures fell 39 cents to settle at $72.22 a barrel. U.S. West Texas Intermediate crude were last down 40 cents at $68.89 a barrel.State oil group Saudi Aramco notified customers in a statement on Sunday that it will cut October official selling prices (OSPs) for all crude grades sold to Asia, its biggest buyi...
Tags: Travel, Asia, Saudi Arabia, Reuters, Saudi Aramco, Reuters Oil, Rupert Neil Bumfrey


Oil steady as Ida outages offset Saudi price cuts | Reuters

Oil steady as Ida outages offset Saudi price cuts | Reuters Oil prices steadied on Monday as gains on production outages after Hurricane Ida were tempered by Saudi Arabia's sharp cuts to crude contract prices for Asia, reviving concerns over the demand outlook.Brent crude futures fell 16 cents to $72.45 a barrel by 10:52 a.m. EDT (1452 GMT). U.S. West Texas Intermediate crude fell 12 cents to $69.17 a barrel.Both contracts had been down by $1 in earlier trade.State oil group Saudi Aramco notif...
Tags: Travel, Asia, Saudi Arabia, Reuters, Saudi Aramco, Reuters Oil, Rupert Neil Bumfrey


Oil down after deep #Saudi price cuts spur demand concerns | Reuters

Oil down after deep Saudi price cuts spur demand concerns | Reuters Oil prices fell on Monday, extending losses after the world's top exporter Saudi Arabia slashed crude contract prices for Asia over the weekend, reflecting well-supplied global markets and concerns over the outlook for demand.Brent crude futures for November fell 49 cents, or 0.67%, to $72.12 per barrel by 1042 GMT.U.S. West Texas Intermediate crude for October was at $68.82 a barrel, down 47 cents, or 0.68%. Both contracts we...
Tags: Travel, Asia, Saudi Arabia, Reuters, Saudi Aramco, Reuters Oil, Rupert Neil Bumfrey


Column: #SaudiArabia crude oil price cut for Asia shows demand concerns | Reuters

Column: Saudi Arabia crude oil price cut for Asia shows demand concerns | Reuters Saudi Arabia cut the price of crude oil for October delivery to its customers in Asia by more than the market expected, a sign that demand in the world’s top-importing region remains tepid.Saudi Aramco, the state-controlled oil giant, said in a statement on Sept. 5 that the official selling price (OSP) for its benchmark Arab Light crude for delivery to Asia would be lowered by $1.30 a barrel to a premium of $1.70...
Tags: Travel, Asia, Europe, Saudi Arabia, United States, Dubai, Oman, Reuters, Reuters Saudi Arabia, Rupert Neil Bumfrey


MIDEAST STOCKS Most Gulf bourses ease on oil price dip, #Saudi gains | Reuters

MIDEAST STOCKS Most Gulf bourses ease on oil price dip, Saudi gains | Reuters Major stock markets in the Gulf were subdued in early trade on Monday, amid falling oil prices, although the Saudi index bucked the trend to trade higher.Oil prices fell about $1, after the world's top exporter Saudi Arabia slashed crude contract prices for Asia over the weekend, reflecting well-supplied global markets and concerns over the outlook for demand.Dubai's main share index (.DFMGI) dropped 0.5%, weighed do...
Tags: Travel, Asia, Saudi Arabia, United Arab Emirates, Dubai, Gulf, Reuters, ACWA Power, Reuters Major, STC, Tasi, Rupert Neil Bumfrey, Teni, Saudi Telecom Company STC, Al Rajhi Bank, DFMGI



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