Travel


Posts filtered by tags: Bloomberg Dubai[x]


 

#Dubai IPO: Moelis Wins Appointment for Salik Toll System Listing - Bloomberg

Dubai IPO: Moelis Wins Appointment for Salik Toll System Listing - Bloomberg Dubai’s road-toll collection system has picked Moelis & Co. as financial adviser for its local stock exchange listing, according to people familiar with the matter.The so-called Salik toll system could add additional banks before the listing, the people said, asking not to be identified as the information is private. It wasn’t clear yet what valuation Salik will seek. The emirate’s deputy ruler in November announced ...
Tags: Travel, Bloomberg, Dubai, Abu Dhabi, Moelis, Salik, Moelis Co, Dubai Roads Transport Authority, Rupert Neil Bumfrey, Bloomberg Dubai, Riyadh The New York, IPO of Dubai Electricity Water Authority


#Dubai’s DEWA Set to Court Wealth Funds in Pre-IPO Investor Talks - Bloomberg

Dubai’s DEWA Set to Court Wealth Funds in Pre-IPO Investor Talks - Bloomberg Dubai’s main utility will hold its first meetings with select top investors as soon as next week to drum up interest for what will likely be among the city’s largest listings, people familiar with the matter said.Bankers and officials at Dubai Electricity & Water Authority plan to meet investors including sovereign and pension funds, the people said, asking not to be identified because the information is private.The m...
Tags: Travel, Bloomberg, Middle East, Dubai, DEWA, Rupert Neil Bumfrey, Dubai Electricity Water Authority, Emirates NBD Bank PJSC, Bloomberg Dubai, Citigroup Inc HSBC Holdings Plc, North Africa DEWA


#Dubai Growth Boosted by Tourism, Expo 2020 Before Omicron Covid Surge - Bloomberg

Dubai Growth Boosted by Tourism, Expo 2020 Before Omicron Covid Surge - Bloomberg Dubai’s business conditions accelerated last month as easing travel restrictions and the Expo 2020 exhibition helped boost the city’s key tourism industry, before a renewed surge in coronavirus cases.IHS Markit’s Purchasing Managers’ Index for the Middle East’s main business hub jumped to 55.3 in December from 54.5 in November, staying above the 50 mark that separates growth from contraction, and hitting the high...
Tags: Travel, Middle East, United Arab Emirates, Dubai, Rupert Neil Bumfrey, IHS Markit, Bloomberg Dubai


#Dubai Boosts Spending With $16.3 Billion Budget for 2022 - Bloomberg

Dubai Boosts Spending With $16.3 Billion Budget for 2022 - Bloomberg Dubai set out another expansionary budget for this year as the Middle Eastern business hub seeks to offset the impact of the coronavirus pandemic and keep its economy on a growth trajectory.Spending has been pegged at 60 billion dirhams ($16.3 billion) and revenue at 57.6 billion dirhams, according to Dubai’s Crown Prince Sheikh Hamdan bin Mohammed. Dubai is continuing to work to “realize the emirate’s ambitious future plans,...
Tags: Travel, Bloomberg, Dubai, Rupert Neil Bumfrey, Bloomberg Dubai, Abdulrahman Saleh Al Saleh, Sheikh Hamdan bin Mohammed Dubai


#Dubai Hotel Billionaire Khalaf Al Habtoor to Decide on IPO by Early 2022 - Bloomberg video

Dubai Hotel Billionaire Khalaf Al Habtoor to Decide on IPO by Early 2022 - Bloomberg Dubai hotel mogul Khalaf Al Habtoor will make a decision on listing his firm in the next three to four months, amid a series of moves by the emirate to encourage family-owned businesses to go public. The firm will either list the entire group or each of its units “one by one,” the founding chairman of Al Habtoor Group said in an interview with Bloomberg TV on Tuesday. Dubai’s government “is encouraging ever...
Tags: Travel, Bloomberg, Dubai, Waldorf Astoria, Palm Jumeirah, Al Habtoor Group, Arabiya TV, Bloomberg TV, Al Habtoor, Rupert Neil Bumfrey, Khalaf Al Habtoor, Bloomberg Dubai, Dubai Hotel Billionaire Khalaf Al Habtoor


#Dubai’s IPO Plans Are Injecting Fresh Life Into Laggard Market - Bloomberg

Dubai’s IPO Plans Are Injecting Fresh Life Into Laggard Market - Bloomberg Dubai’s plan to embark on a flurry of public share offerings has stirred the benchmark index from its recent slumbers, narrowing the gap with regional peers. The benchmark DFM Index has rallied more than 14% since the emirate announced at the start of November it was earmarking state-owned companies for IPOs. That’s almost half its entire gain for the year and compares with a 1.1% rise on Saudi Arabia’s Tadawul inde...
Tags: Travel, Saudi Arabia, Dubai, Muscat, Abu Dhabi, Riyadh, Tadawul, Rupert Neil Bumfrey, DFM, Joice Mathew, United Securities, Bloomberg Dubai, DFM Index


#Dubai May IPO Emirates, the Airline That Transformed Its Economy - Bloomberg

Dubai May IPO Emirates, the Airline That Transformed Its Economy - Bloomberg Dubai may sell shares in its flagship carrier Emirates, which helped transform the city into a global hub for commerce, just as coronavirus restrictions ease and the outlook for travel brightens.Emirates and its units may be listed on Dubai’s stock exchange, Chairman Sheikh Ahmed Bin Saeed Al Maktoum told Asharq TV. The comments come as the city ratchets up efforts to draw level with Abu Dhabi and Riyadh, which ha...
Tags: Travel, Emirates, Dubai, Abu Dhabi, Riyadh, Salik, Ahmed bin Saeed Al Maktoum, Rupert Neil Bumfrey, middle east Dubai, Bloomberg Dubai, Asharq TV


#Dubai’s IPO Stampede Sees First Private Firm Unveil Listing Plan - Bloomberg

Dubai’s IPO Stampede Sees First Private Firm Unveil Listing Plan - Bloomberg Dubai-based information technology company StarLink plans to go public early next year, in a sign the government’s goal of listing state firms is encouraging the private sector to follow suit. Starlink is working with Egyptian investment bank EFG Hermes and expects to finalize its listing on the Nasdaq Dubai bourse in the first quarter of next year, Chief Executive Officer Nidal Othman said in an interview. The compan...
Tags: Travel, Dubai, Othman, EFG Hermes, Rupert Neil Bumfrey, StarLink, Nasdaq Dubai, Bloomberg Dubai, Nidal Othman


#Dubai Business Activity Jumps to Two-Year High on Expo Boost - Bloomberg

Dubai Business Activity Jumps to Two-Year High on Expo Boost - Bloomberg Dubai’s business conditions saw the sharpest improvement in two years last month, spurred by a rebound in new orders and increased tourism as Expo 2020 got under way. Growth across much of the non-oil private sector accelerated, according to IHS Markit. Its Purchasing Managers’ Index for the Middle East’s main business hub jumped to 54.5 in October from 51.5 in September, above the 50 mark that separates growth from con...
Tags: Travel, Bloomberg, Middle East, Dubai, David Owen, IHS, Rupert Neil Bumfrey, IHS Markit, Bloomberg Dubai


#Dubai to Encourage IPOs From Private Firms to Revive Market - Bloomberg

Dubai to Encourage IPOs From Private Firms to Revive Market - Bloomberg Dubai plans to encourage private and family-owned businesses to list on its stock market as the business hub seeks to catch up with Abu Dhabi and Riyadh in the Middle East IPO rush.The city merged its economic and tourism departments on Saturday, and one of the new entity’s main tasks is to prod private and family-owned businesses to sell shares on the Dubai bourse, according to a statement.In the past week, Dubai has made...
Tags: Travel, Middle East, Dubai, Abu Dhabi, Riyadh, Carrefour SA, Rupert Neil Bumfrey, Majid Al Futtaim Holding, Bloomberg Dubai, Al Khaleej Sugar Co


#Dubai Airports Sees Doubling of Visitors in 2022 as Curbs Ease - Bloomberg video

Dubai Airports Sees Doubling of Visitors in 2022 as Curbs Ease - Bloomberg Dubai’s airports chief says the number of international visitors may more than double next year as the easing of Covid-19 restrictions boosts travel through one of the world’s busiest hubs.“We’re going to see a very sharp up-tick,” Dubai Airports Chief Executive Paul Griffiths said on Bloomberg Television on Tuesday. The lifting of curbs between Dubai and countries such as the U.K., U.S. and Saudi Arabia will have a “...
Tags: Travel, London, Saudi Arabia, Israel, Bloomberg, Britain, Middle East, United Arab Emirates, Dubai, Uae, Gulf, Griffiths, Bloomberg Television, Dubai International Airport, Paul Griffiths, Rupert Neil Bumfrey


#Dubai Poised to Benefit From Cryptocurrency Growth, Bittrex Says - Bloomberg

Dubai Poised to Benefit From Cryptocurrency Growth, Bittrex Says - Bloomberg Dubai is well-positioned to benefit from the growing cryptocurrency market in the Middle East as its regulators lead a push toward acceptance of blockchain-based technologies, according to Bittrex Global’s chief executive officer.The United Arab Emirates and Dubai are “doing all the right things and they’re going to attract a lot of regional projects,” Stephen Stonberg, CEO of the digital assets exchange, said in an i...
Tags: Travel, Elon Musk, Bloomberg, Middle East, United Arab Emirates, Dubai, Federal Reserve, Ethereum, Jerome Powell, Rupert Neil Bumfrey, Securities and Commodities Authority, Nasdaq Dubai, Tesla Inc, Bittrex, Cathie Wood, Bloomberg Dubai


SoftBank Leads Funding to Vault Kitopi Past $1 Billion Value - Bloomberg

SoftBank Leads Funding to Vault Kitopi Past $1 Billion Value - Bloomberg Dubai-based cloud kitchen startup Kitopi has raised $415 million from a group of investors including SoftBank Group Corp.’s Vision Fund 2, vaulting it to unicorn status.Kitopi “has crossed the billion dollar valuation mark now,” Chief Executive Officer Mohamad Ballout said in an interview, declining to give more specifics. “We now have enough capital to really fuel the growth of our business in the Middle East and to expa...
Tags: Travel, Saudi Arabia, Softbank, Bloomberg, Middle East, Dubai, Rupert Neil Bumfrey, SoftBank Group Corp 's Vision Fund, Kitopi, Bloomberg Dubai, Mohamad Ballout, Chimera Turkey, Dogus Group California, Riley Ballout, Southeast Asia Ballout


Luxury Meets Thrift for #Dubai Startup Raising Funds to Go Abroad - Bloomberg

Luxury Meets Thrift for Dubai Startup Raising Funds to Go Abroad - Bloomberg Dubai may be better known as the Middle East’s capital of excess but a startup based in the city is raising funds for international expansion by marrying luxury with thrift.The Luxury Closet, an online platform for buying and selling used high-end goods, secured fresh financing led by regional investment firm GMP Capital, alongside international and local investors including Huda Beauty Investment, the private office ...
Tags: Travel, New York, Bloomberg, Middle East, United Arab Emirates, Dubai, Gucci, Gulf, Kunal Kapoor, Arab Gulf, Etsy Inc, Kering SA, Rupert Neil Bumfrey, Bain Co, Poshmark Inc, Bloomberg Dubai


#Dubai Conglomerate’s Venture Said to Buy Palm’s Cooling Provider - Bloomberg

Dubai Conglomerate’s Venture Said to Buy Palm’s Cooling Provider - Bloomberg Dubai state developer Nakheel sold its business that supplies chilled air to such local landmarks as artificial palm-shaped islands, according to people familiar with the matter.Emirates Central Cooling Systems Corp, a joint venture between a unit of Dubai Holding and a state-owned utility, has acquired Nakheel’s cooling operations, the people said. The assets are worth around 1 billion dirhams ($272 million), they sa...
Tags: Travel, Bloomberg, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Dubai Electricity and Water Authority, Nakheel, Dubai Holding, TECOM GROUP, Rupert Neil Bumfrey, Aldar Properties PJSC, Tabreed, Emaar Properties PJSC Dubai, Bloomberg Dubai, Dubai Conglomerate


#Dubai Property Fund Unswayed by Creditor Dissent in Debt Dispute - Bloomberg

Dubai Property Fund Unswayed by Creditor Dissent in Debt Dispute - Bloomberg Dubai-listed Emirates REIT made no indication it’s willing to compromise with a group of creditors that rejected its proposal to exchange $400 million of sukuk securities for new notes.A dispute with investors escalated on Wednesday after the dissenting certificate-holders said they have the numbers to block the offer and asked for a meeting with the company the following day “to discuss the concerns of the Ad-Hoc Gro...
Tags: Travel, Asia, Bloomberg, United Arab Emirates, Dubai, Clifford Chance, Gulf, Europe North America, Oasis Management Co Ltd, Dubai Financial Services Authority, Rupert Neil Bumfrey, Houlihan Lokey Inc, Ad Hoc Group, Rothschild Co, Bloomberg Dubai, Emirates REIT


#Dubai Suffered Steepest Population Drop in Gulf Region, S&P Says - Bloomberg

Dubai Suffered Steepest Population Drop in Gulf Region, S&P Says - Bloomberg Dubai’s population dropped by 8.4% last year, the steepest decline in the Gulf region, as expatriate workers were forced to leave amid the economic upheaval wrought by the coronavirus pandemic, S&P Global Ratings said.The drop in Dubai -- the Middle East’s hub for business and tourism -- compares with a 4% decline for the six-nation Gulf Cooperation Council, according to S&P estimates. Job losses accelerated in the regi...
Tags: Travel, Bloomberg, Middle East, United Arab Emirates, Dubai, Gulf, Gulf Cooperation Council, Rupert Neil Bumfrey, Bloomberg Dubai


#UAE News: #Dubai’s Property Glut Means Two More Years of Price Drop for JLL - Bloomberg

UAE News: Dubai’s Property Glut Means Two More Years of Price Drop for JLL - Bloomberg Dubai home prices will likely extend declines this year and next as the market works to clear an oversupply that’s been a drag on values since 2014, according to property broker JLL.“We’re really not at the bottom yet,” Dana Salbak, head of Middle East research at JLL, said on Monday at a virtual event. “We’re likely to see single-digit declines between 5% to 8% over the next year given that supply stays und...
Tags: Travel, Middle East, Dubai, JLL, Rupert Neil Bumfrey, Dana Salbak, Bloomberg Dubai, JLL Bloomberg


#Dubai Stocks Fall Most in Mideast as Earnings Roll In: Inside EM - Bloomberg

Dubai Stocks Fall Most in Mideast as Earnings Roll In: Inside EM - Bloomberg Dubai stocks led losses in the Middle East as companies started reporting results across the region and the number of coronavirus cases surged.Profitability for lenders in the Gulf Arab region remains under pressure, with disruptions to trade and travel continuing to rattle the energy-rich region. Qatar National Bank QPSC, the Middle East’s biggest lender, reported last week a 16% drop in net income for 2020. Some banks...
Tags: Travel, Qatar, Bloomberg, Middle East, United Arab Emirates, Dubai, Oman, Abu Dhabi, Riyadh, Mideast, Gulf Arab, Rupert Neil Bumfrey, Oza, Aldar Properties PJSC, Emirates NBD PJSC, Qatar National Bank QPSC


#Dubai Stocks Rise Most in Mideast, Track Global Peers: Inside EM - Bloomberg

Dubai Stocks Rise Most in Mideast, Track Global Peers: Inside EM - Bloomberg Dubai’s benchmark index climbed the most in the Middle East, tracking global stock rallies on optimism surrounding the rollout of coronavirus vaccines.Indexes in Abu Dhabi, Oman and Israel also rose, while Egypt’s main gauge fell. The Tadawul All Share Index in Riyadh dropped, weighed down by consumer durables and the apparel sector. Markets in Kuwait and Bahrain were closed for a public holiday.Last week, emerging-mark...
Tags: Travel, Israel, Bloomberg, Egypt, Middle East, United Arab Emirates, Dubai, Bahrain, Kuwait, Gulf, Riyadh, Mideast, Pfizer Inc, Rupert Neil Bumfrey, Abu Dhabi Oman, Sinopharm


#Dubai Budget Policy Turns ‘Expansionary’ With $15.5 Billion Plan - Bloomberg

Dubai Budget Policy Turns ‘Expansionary’ With $15.5 Billion Plan - Bloomberg Dubai’s government expects to spend 57.1 billion dirhams ($15.5 billion) next year as it tries to mitigate the impact of the coronavirus, according to the budget approved on Sunday.The program takes into account “the exceptional economic conditions of the fiscal year 2020 and the repercussions of the Covid-19 pandemic on the global economy,” according to a statement on the website of Sheikh Mohammed Bin Rashed Al Maktou...
Tags: Travel, United Arab Emirates, Dubai, Rupert Neil Bumfrey, Mohammed bin Rashed al Maktoum, Bloomberg Dubai, Dubai Budget Policy Turns


#UAE News: #Dubai’s Largest Developer Halts New Projects as Glut Hits Values - Bloomberg

UAE News: Dubai’s Largest Developer Halts New Projects as Glut Hits Values - Bloomberg Dubai’s largest developer is temporarily halting new projects amid a property glut that, combined with the coronavirus pandemic, has shaved nearly a third off house prices in the past six years.“We don’t build anymore,” Emaar Properties PJSC Chairman Mohamed Alabbar said at a conference in Dubai on Monday. “The government entities decided to stop new developments almost a year back, but Covid definitely put th...
Tags: Travel, Bloomberg, Middle East, Dubai, Emaar, Rupert Neil Bumfrey, Emaar Properties PJSC, Hussain Sajwani, Mohamed Alabbar, Nakheel PJSC, Alabbar, Sajwani, Meraas Holding LLC, Damac Properties PJSC, COVID, Bloomberg Dubai


#Dubai Raises $1.5 Billion From Private Bond Placement - Bloomberg

Dubai Raises $1.5 Billion From Private Bond Placement - Bloomberg Dubai’s government raised $1.5 billion this week by reopening existing debt instruments, data compiled by Bloomberg show.Emirates NBD Capital, a unit of Dubai’s biggest bank, was the sole manager of the transactions on Nov. 23 and 24, according to the data.The transactions:$150 million and $100 million from reopening a September facility of $1 billion {DUGB 3.9 09/09/50 Govt DES }$300 million and $200 million from reopening a Janu...
Tags: Travel, Bloomberg, Dubai, Rupert Neil Bumfrey, Emirates NBD Capital, Bloomberg Dubai, DUGB


#Dubai Watchdog Stiffens Oversight After Private Equity Fiascoes - Bloomberg

Dubai Watchdog Stiffens Oversight After Private Equity Fiascoes - Bloomberg Dubai’s financial regulator has been stepping up scrutiny of firms to avoid a repeat of two high-profile failures in the emirate’s private equity industry, Abraaj and Al Masah Capital Ltd.“Through our supervision work, we look to probe firms more than perhaps we did, say, less than 10 years ago,” said Peter Smith, managing director and head of strategy, policy and risk at the Dubai Financial Services Authority.The privat...
Tags: Travel, Middle East, Dubai, Cayman Islands, Peter Smith, Dubai International Financial Center, Abraaj, Dubai Financial Services Authority, Rupert Neil Bumfrey, Al Masah, DFSA, Al Masah Capital Ltd, Bloomberg Dubai



Filters
November - 2021
MoTuWeThFrSaSu
1234567
891011121314
15161718192021
22232425262728
2930     
December - 2021
MoTuWeThFrSaSu
  12345
6789101112
13141516171819
20212223242526
2728293031  
January - 2022
MoTuWeThFrSaSu
     12
3456789
10111213141516
17181920212223
24252627282930
31