Travel


Posts filtered by tags: Egypt[x]


 

#Saudi Business Climate at 10-Month High; Egypt Growth Slows - Bloomberg

Saudi Business Climate at 10-Month High; Egypt Growth Slows - Bloomberg Business activity in Saudi Arabia grew at the fastest pace since the beginning of the year, fueled by a sharp rise in sales and strengthening sentiment.In Egypt, activity posted a third month of growth but at a slower rate, as confidence for the year ahead hit a record low on fears over the impact of a second wave of the virus on global markets.Non-oil private sector activity in Saudi Arabia rose to the highest level since J...
Tags: Travel, Saudi Arabia, Egypt, Rupert Neil Bumfrey, IHS Markit


#SaudiArabia, #Qatar Near U.S.-Brokered Deal to End Lengthy Rift - Bloomberg

Saudi Arabia, Qatar Near U.S.-Brokered Deal to End Lengthy Rift - Bloomberg Saudi Arabia and Qatar are nearing a preliminary deal to end a rift that’s dragged on for more than three years, prodded by a Trump administration seeking foreign policy wins during its waning days in the White House, three people with knowledge of the talks said.The tentative agreement does not involve the three other Arab countries that also severed diplomatic and trade ties with Qatar in June 2017 -- the United Arab E...
Tags: Travel, Saudi Arabia, White House, Israel, Qatar, Iran, Egypt, Middle East, Tehran, Donald Trump, Kuwait, Doha, Uae, Gulf, Trump, United Arab Emirates Bahrain


#Israel's Delek Drilling files for London Stock Exchange spin-off | Reuters

Israel's Delek Drilling files for London Stock Exchange spin-off | Reuters Israel’s Delek Drilling said on Sunday it was looking to spin off most of its assets into a new company that will be listed on the London Stock Exchange.The company, a unit of conglomerate Delek Group, said in a regulatory filing in Tel Aviv that it had filed a request with the Financial Conduct Authority to list the new company on the main market in London.Delek Drilling said it would continue to hold a stake in the Isra...
Tags: Travel, London, Israel, Tel Aviv, London Stock Exchange, Egypt, Financial Conduct Authority, Leviathan, Reuters, Tamar, Rupert Neil Bumfrey, Delek Group, Delek Drilling, Reuters Israel 's Delek Drilling


#SaudiArabia seeks to resolve #Qatar crisis as ‘gift’ to Joe Biden | Financial Times

Saudi Arabia seeks to resolve Qatar crisis as ‘gift’ to Joe Biden | Financial Times Saudi Arabia has stepped up its efforts to resolve its more than three-year dispute with Qatar after US president Donald Trump’s election defeat, according to people briefed on the talks.  The move to end the Gulf states’ blockade of their gas-rich neighbour is being perceived as an attempt by Crown Prince Mohammed bin Salman to curry favour with the incoming Biden administration and deliver a parting prese...
Tags: Travel, Washington, Saudi Arabia, US, Qatar, Joe Biden, Iran, Egypt, Middle East, Al Jazeera, Biden, Abu Dhabi, Tehran, Yemen, Donald Trump, Bahrain


#Saudi, #AbuDhabi Wealth Funds Team Up on Egyptian Drugmaker Deal - Bloomberg

Saudi, Abu Dhabi Wealth Funds Team Up on Egyptian Drugmaker Deal - Bloomberg Two of the biggest sovereign wealth funds in the Middle East are exploring a joint bid for an Egyptian pharmaceutical company, a deal that could mark the beginning of wider co-investment plans between the two state-controlled firms, people familiar with the matter said.Saudi Arabia’s Public Investment Fund and ADQ, formerly known as Abu Dhabi Development Holding Co., are weighing the purchase of Bausch Health Cos.’s Cai...
Tags: Travel, Saudi Arabia, Bloomberg, Egypt, Middle East, Abu Dhabi, Pif, Cairo, Gulf, Bausch, Rupert Neil Bumfrey, Public Investment Fund, Louis Dreyfus Co, Abu Dhabi Development Holding Co, ADQ, Bausch Health Cos


Americans can now travel to 47 nations for vacation and tourism — here's the list of every open country and how to get there

The US passport has lost its strength significantly during the COVID-19 pandemic and Americans are left with few options on where to travel. ShutterLibrary/Shutterstock; Samantha Lee/Business Insider While many countries are not allowing US travelers during the coronavirus crisis, some nations are open to Americans. The United Kingdom, Caribbean countries, and select international locales are allowing tourists from the US. Many countries require you to show a negative COVID-19 test and air...
Tags: Transportation, BITranspo, Caribbean, Europe, Features, Travel, CT Visual Features, Air Travel, COVID-19, Novel Coronavirus, Coronavirus, Flying, Tourism, Airlines, Aviation, BI Graphics


#Qatar leads most Gulf markets higher; Egypt falls | Reuters

Most stock markets in the Middle East ended higher on Sunday, with Qatar’s index leading the gains on a rise in financial shares, while Egypt closed lower.Financial markets globally have been buoyed over the past two weeks by U.S. drugmakers Pfizer and Moderna Inc releasing encouraging news on the effectiveness of their vaccine candidates against the coronavirus.Saudi Arabia’s benchmark index added 0.1%, with Dr Sulaiman Al-Habib Medical Services leaping 5.1% and real estate firm Jabal Omar Deve...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Middle East, United Arab Emirates, Dubai, Pfizer, Gulf, Reuters, Qatar National Bank, Rupert Neil Bumfrey, Industries Qatar, Dubai Islamic Bank, Commercial International Bank, Jabal Omar Development


Gulf social changes are in the global spotlight | Financial Times #UAE

Gulf social changes are in the global spotlight | Financial Times In the UAE the brash commercialism of Dubai has sometimes obscured Abu Dhabi’s harsh  response to  political Islam at home and abroad © Christopher Pike/Reuters Overshadowed by world events such as the US presidential election or the first breakthrough in developing a Covid-19 vaccine, the United Arab Emirates last week announced radical changes in its legal system. These are designed primarily to enhance t...
Tags: Travel, Saudi Arabia, US, Qatar, Turkey, Iran, Egypt, Pope Francis, Middle East, Islam, United Arab Emirates, Dubai, Muslim, Abu Dhabi, Muslim Brotherhood, Uae


Mideast Stocks- Most major stocks rise in Mideast | ZAWYA MENA Edition

Mideast Stocks- Most major stocks rise in Mideast | ZAWYA MENA Edition Most major stock markets in the Middle East ended higher on Sunday, with Saudi leading gains on a rise in financial shares, while Egypt bucked the trend to close lower.By Thursday major Gulf markets had logged weekly gains following positive developments in a COVID-19 vaccine, which boosted hopes of a faster-than-expected global economic recovery.Saudi Arabia's benchmark index increased 0.8% on Sunday, with Al Rajhi Bank1120....
Tags: Travel, Saudi Arabia, Wam, Qatar, Egypt, Middle East, United Arab Emirates, Uae, Gulf, Reuters, Mideast, Dana Gas, Qatar National Bank, Rupert Neil Bumfrey, Al Rajhi, Saudi Electricity


#Saudi, Egypt Business Activity Improves as #UAE Dealt Setback - Bloomberg

Saudi, Egypt Business Activity Improves as UAE Dealt Setback - Bloomberg Business activity in Egypt grew at its fastest pace in almost six years, buoyed by an uptick in new orders, while Saudi Arabia saw a second month of milder improvements.In the United Arab Emirates, meanwhile, non-oil private sector activity fell below the threshold of 50 that separates growth from contraction for the first time since August, according to IHS Markit’s Purchasing Managers’ Index. Concerns over further unemplo...
Tags: Travel, Saudi Arabia, Egypt, United Arab Emirates, Uae, Bloomberg Business, Rupert Neil Bumfrey, IHS Markit, UAE Dealt Setback Bloomberg


#Dubai’s Alcazar Energy Weighs Sale, Green Bond as Part of Review - Bloomberg

Dubai’s Alcazar Energy Weighs Sale, Green Bond as Part of Review - Bloomberg Dubai-based Alcazar Energy Ltd. has resumed a strategic review that could culminate in a sale of the company at an enterprise value of about $1 billion, according to people with knowledge of the matter.The renewable-energy developer has been working with Standard Chartered Plc and hopes to complete the process during the first half of 2021, the people said, asking not to be identified as the information is private.The c...
Tags: Travel, Egypt, Middle East, Dubai, Jordan, Alcazar, Standard Chartered Plc, Rupert Neil Bumfrey, Alcazar Energy Ltd


MIDEAST STOCKS- #Saudi index leads losses with most Gulf markets subdued | Nasdaq

Major Gulf markets ended lower on Wednesday with the Saudi index leading losses, while Egypt's bourse was hurt by a blue-chip selloff.Saudi Arabia's benchmark index .TASI fell 0.9%, with Saudi Electricity 5110.SE shedding 3.7% and National Gas and Industrialization Company 2080.SE dropping 1%.However, National Commercial Bank (NCB) 1180.SE advanced 1.3% after it reported on Tuesday a nearly 24% rise in third-quarter net profit.The kingdom's largest lender posted a net profit of 3.16 billion riya...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Gulf, Adi, Tasi, Rupert Neil Bumfrey, Gulf Egypt, Aldar, DFMGI, Emaar Properties EMAR DU, Etisalat ETISALAT, Industries Qatar IQCD, Aldar Properties ALDAR


If you want your country to be more successful, invest in girls' education, new research shows

Small school in a village of shepherds and farmers near Bikaner in Rajasthan Frédéric Soltan/Getty Images The report shows that 100% secondary school completion rate for girls by 2030 could boost GDP by an average of 10%. "We think there's a really compelling investment case here," Ying Qin, an analyst with Citi Global Insights, said. Visit Business Insider's homepage for more stories. Investing in education within developing nations to help girls complete high school could boost economic ...
Tags: Education, India, Trends, Investing, Markets, Economy, Unesco, Egypt, Emerging Markets, Economic Growth, Gdp, Girls, ESG, Ghana, Rajasthan, Citi


MIDEAST STOCKS-Property shares buoy #UAE bourses; Egypt snaps losing streak | Nasdaq

Major Gulf markets ended higher on Tuesday, with gains in real estate shares boosting indexes in the United Arab Emirates, while Egypt snapped eight sessions of losses.The Abu Dhabi index .ADI closed up 1.3%, boosted by a 11.8% surge in Aldar Properties ALDAR.AD which saw its biggest intraday gain in nearly six years on Monday after announcing it will take over the management and development of government capital projects worth 30 billion dirhams ($8.17 billion) under an agreement with state-bac...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Commercial Bank, Emaar, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, Gulf Egypt, Masraf Al Rayan


MIDEAST STOCKS-Aldar lifts #AbuDhabi, Egypt extends losses | Nasdaq

MIDEAST STOCKS-Aldar lifts Abu Dhabi, Egypt extends losses | Nasdaq Abu Dhabi's index .ADI closed higher on Monday boosted by gains in Aldar Properties ALDAR.AD following a government projects management deal, while Egypt's stock market extended losses as Commercial International Bank Egypt COMI.CA continues to drop following removal of its chairman by the central Bank.The Abu Dhabi index .ADI advanced 1.2% as Aldar Properties ALDAR.AD surged 14.9%, its biggest daily gain since December 18, 2014...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Kuwait, Tasi, Rupert Neil Bumfrey, Commercial Bank COMB QA, Emirates NBD Bank ENBD, Qatar National Bank QNBK QA, BKP, Aldar Properties ALDAR, Sulaiman Al Habib Medical Services Group, Abu Dhabi Egypt, Nasdaq Abu Dhabi


Egypt just unveiled the first restaurant at the Great Pyramids ever as it doubles down on tourism to lure travelers back

Waiters and employees during the opening of the 9 Pyramids Lounge on October 20, 2020. Egypt has added upgrades to its historical Great Pyramids of Giza and Great Sphinx tourist sites by opening a new restaurant and unveiling a fleet of electric buses amid the coronavirus pandemic, Reuters reported. The country started reporting monthly losses of tourism to about $1 billion following coronavirus-related shutdowns earlier this year. The new 9 Pyramids Lounge restaurant sits on a 14,434-sq...
Tags: Travel, Transportation, Trends, Cnn, Restaurant, Egypt, Reuters, Giza, Reuters People, World Travel and Tourism Council, Supreme Council, Great Sphinx, Great Pyramids, Grand Opening, Mostafa Waziri, Brittany Chang


Dana Gas Agrees to $236 Million Sale of Egypt Assets to IPR - Bloomberg

Dana Gas Agrees to $236 Million Sale of Egypt Assets to IPR - BloombergDana Gas PJSC agreed to sell its Egyptian oil and gas fields for as much as $236 million, enabling it to repay debt associated with Islamic bonds that mature this month.The company, based in the United Arab Emirates, will receive $153 million in cash and as much as $83 million in contingent payments for the sale to IPR Energy Group, it said in a statement. Dana Gas also will take an impairment charge in the third quarter rela...
Tags: Travel, Egypt, United Arab Emirates, Dana Gas, Rupert Neil Bumfrey, IPR Bloomberg, IPR BloombergDana Gas PJSC, IPR Energy Group


MIDEAST STOCKS-Lender Emirates NBD buoys #Dubai; Egypt extends losses | Nasdaq

MIDEAST STOCKS-Lender Emirates NBD buoys Dubai; Egypt extends losses | NasdaqDubai's stock market ended higher on Thursday, driven by a rebound in its top lender Emirates NBD ENBD.DU, while Egyptian stocks fell sharply due to a broad selloff in blue-chip shares.Dubai's main share index .DFMGI rose 0.7%, led by a rebound in its largest lender Emirates NBD ENBD.DU, following two sessions of losses.On Tuesday, the lender reported a sharp decline in quarterly profit, hit by a rise in bad debt charge...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Adi, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Gulf Egypt, Emirates NBD ENBD, Mostafa Madbouly, Lender Emirates NBD, El Sewedy Electric SWDY, Emirates Telecommunications Etisalat ETISALAT


Israel and UAE Open Talks Over Top Secret Oil Pipeline - Bloomberg

Israel and UAE Open Talks Over Top Secret Oil Pipeline - Bloomberg:  Israel and the United Arab Emirates have opened talks over an oil pipeline linking the Red Sea with the Mediterranean and whose operations Israeli officials treat as top secret.  Europe Asia Pipeline Co., controlled by Israel’s government, and UAE-based MED-RED Land Bridge Ltd. signed a memorandum of understanding to collaborate on the transportation of crude and oil products between the Persian Gulf and Western markets, accor...
Tags: Travel, Europe, Israel, Bloomberg, Iran, Egypt, United Arab Emirates, Uae, Mediterranean, Gulf, Suez Canal, Red Sea, Persian Gulf, Eilat Ashkelon, Rupert Neil Bumfrey, EAPC


#AbuDhabi’s ADQ to Form Digital Bank With $545 Million Capital - Bloomberg

Abu Dhabi’s ADQ to Form Digital Bank With $545 Million Capital - Bloomberg:  Abu Dhabi investment firm ADQ plans to set up a digital bank with an initial capital of 2 billion dirhams ($545 million) after obtaining the legacy license of First Gulf Bank.  First Abu Dhabi Bank, formed with the merger of First Gulf Bank and National Bank of Abu Dhabi, said Tuesday its shareholders approved the transfer of the license to ADQ.  First Abu Dhabi Bank, the United Arab Emirates’ largest lender, will own...
Tags: Travel, Bloomberg, Egypt, Middle East, Abu Dhabi, Uae, LuLu Group International, First Gulf Bank, Abu Dhabi Airports, National Bank of Abu Dhabi, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, ADQ, Form Digital Bank, First Gulf Bank First Abu Dhabi Bank, ADQ First Abu Dhabi Bank the United Arab Emirates


#AbuDhabi's ADQ to invest $1 billion to help retailer Lulu expand in Egypt | Reuters

Abu Dhabi's ADQ to invest $1 billion to help retailer Lulu expand in Egypt | Reuters:  ADQ, a holding company owned by the Abu Dhabi government, said on Monday it has signed an agreement with regional retailer Lulu International to help fund its expansion in Egypt with an investment of up to $1 billion.  ADQ and Lulu will work to develop up to 30 hypermarkets and 100 express mini-market stores, as well as logistics hubs, distribution and fulfilment centres to strengthen the retailer’s e-commer...
Tags: Travel, Egypt, Lulu, Abu Dhabi, Reuters, Rupert Neil Bumfrey, Abu Dhabi Government, Mohamed Hassan al Suwaidi, ADQ, Lulu International


Mideast Stock Markets Trade Mixed With Oil in Focus: Inside EM - Bloomberg

Mideast Stock Markets Trade Mixed With Oil in Focus: Inside EM - Bloomberg:The main equities gauge in Riyadh climbed while those in Kuwait and Abu Dhabi fell after leaders from Russia and Saudi Arabia discussed the OPEC+ agreement over the weekend and indicated further cooperation to support oil prices.The Tadawul All Share Index climbed as much as 0.5% on Sunday in Riyadh, trimming its increase at the close to 0.1%. Gauges in Oman, Qatar and Israel also gained, while those in Dubai, Abu Dhabi, ...
Tags: Travel, Europe, Vladimir Putin, Saudi Arabia, Russia, Israel, Americas, Opec, Bloomberg, Egypt, Kremlin, Abu Dhabi, Kuwait, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey


#AbuDhabi Wealth Fund ADQ Said to Pursue Bausch’s Egypt Unit - Bloomberg

Abu Dhabi Wealth Fund ADQ Said to Pursue Bausch’s Egypt Unit - Bloomberg:Abu Dhabi sovereign wealth fund ADQ is exploring a potential acquisition of Bausch Health Cos.’s Egyptian drug unit, people with knowledge of the matter said.ADQ has been evaluating the Bausch business, known as Amoun Pharmaceutical Co., as it seeks to expand its portfolio of health-care investments, according to the people. Amoun could fetch at least $700 million in a sale, the people said, asking not to be identified beca...
Tags: Travel, Bloomberg, Egypt, Abu Dhabi, Valeant Pharmaceuticals International Inc, Bausch, Rupert Neil Bumfrey, Glenview Capital, ADQ, Bausch Health Cos, Amoun Pharmaceutical Co, Amoun


#UAE's Dana Gas raises loan, avoids another restructuring | Reuters

UAE's Dana Gas raises loan, avoids another restructuring | Reuters:United Arab Emirates energy firm Dana Gas has raised a $90 million loan allowing it to redeem $309 million in bonds due at the end of October and avoid a third debt restructuring.The company whose main assets are in Egypt and in the Kurdistan Region of Iraq said on Thursday it had obtained a one-year $90 million loan from Mashreq Bank.“In conjunction with the company’s cash reserves, the facility will allow full redemption of the...
Tags: Travel, Iraq, Egypt, United Arab Emirates, Uae, Reuters, Kurdistan Region, Dana, Dana Gas, Houlihan Lokey, Rupert Neil Bumfrey, Mashreq Bank


MIDEAST STOCKS-Egypt index outperforms, while major Gulf markets ease | Nasdaq

MIDEAST STOCKS-Egypt index outperforms, while major Gulf markets ease | Nasdaq:Egypt's stock market ended higher on Wednesday following a deep fall in the country's inflation, while losses in financial shares weighed on most major Gulf indexes.Egypt's inflation has fallen to some of its lowest levels in well over a decade, potentially triggering consultations with the International Monetary Fund under the conditions of a new $5.2 billion loan. Egypt's blue-chip index .EGX30 climbed 1.6%, as most...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, International Monetary Fund, Abu Dhabi, Uae, Imf, Gulf, Reuters, Adi, Qatar National Bank, Tasi, Rupert Neil Bumfrey


The #Dubai-Istanbul Route, Once Rammed With Flights, Stays Silent - Bloomberg

The Dubai-Istanbul Route, Once Rammed With Flights, Stays Silent - Bloomberg: For years, passenger jets have darted back and forth between Istanbul and Dubai, the two main hubs connecting airline passengers in the Middle East with destinations across the globe.But when Turkish Airlines and Emirates began reviving their pandemic-depleted schedules a few weeks ago, that particular route remained closed except for a few scattered cargo operations. Emirates announced in June that the Istanbul fli...
Tags: Travel, Europe, Iraq, Qatar, Bloomberg, Turkey, Syria, Egypt, Middle East, Emirates, Dubai, Libya, Recep Tayyip Erdogan, North America, Muslim Brotherhood, Istanbul


Egypt unveils 59 ancient coffins in major archaeological discovery

Egypt on Saturday put on show dozens of coffins belonging to priests and clerks from the 26th dynasty nearly 2,500 years ago, with archaeologists saying tens more were found in the vast Saqqara necropolis just days ago. The 59 coffins were discovered in August at the UNESCO world heritage site south of Cairo, buried in three 10-12 meter shafts along with 28 statues of the ancient Egyptian God Seker, one of the most important funerary deities.
Tags: News, Unesco, Egypt, Cairo, Saqqara, Seker


The Middle East’s First Sovereign Green Bond Sees Strong Demand - Bloomberg

The Middle East’s First Sovereign Green Bond Sees Strong Demand - Bloomberg:Egypt pulled in orders for nearly five times the $750 million size of the Middle East and North Africa’s first sovereign green bond, as it pushes ahead with anti-pollution and renewable energy projects.The Arab world’s most populous nation sold the five-year notes at a yield of 5.25%, well inside an opening target of about 5.75%, after amassing more than $3.7 billion of investor orders. The sale “put Egypt on the map of ...
Tags: Travel, Europe, Bloomberg, Egypt, Middle East, North Africa, East Asia, Finance Ministry, Rupert Neil Bumfrey


#UAE, #Israel discuss energy, infrastructure cooperation | Reuters

UAE, Israel discuss energy, infrastructure cooperation | Reuters:The energy ministers of the United Arab Emirates and Israel discussed possible cooperation and investment opportunities, including natural gas exports to Europe, in a video call on Wednesday, an Israeli statement said.Israel and the UAE signed an agreement on Sept. 15 to establish diplomatic relations, an accord that Energy Minister Yuval Steinitz said in the statement presented a “historic opportunity” for energy development in th...
Tags: Travel, Energy, Europe, Israel, Egypt, United Arab Emirates, Uae, Mediterranean, Reuters, Yuval Steinitz, Steinitz, Rupert Neil Bumfrey, UAE Israel


Major Gulf indexes end mixed; Egypt snaps losing streak | Reuters

Major Gulf indexes end mixed; Egypt snaps losing streak | Reuters:Major Gulf markets ended mixed on Tuesday, with financial shares weighing on the Saudi index, while property shares boosted Qatar’s benchmark.Saudi Arabia's benchmark index .TASI fell 0.6%, with Al Rajhi Bank 1120.SE losing 1% and oil giant Saudi Aramco 2222.SE down 0.8%.Dubai's main share index .DFMGI slipped 0.3%, hurt by a 2.3% fall in Emirates NBD Bank ENBD.DU and a 0.4% drop in Mashreq Bank MASB.DU.The Abu Dhabi index .ADI ed...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, FIFA World Cup, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI



Filters
show more filters
October - 2020
MoTuWeThFrSaSu
   1234
567891011
12131415161718
19202122232425
262728293031 
November - 2020
MoTuWeThFrSaSu
      1
2345678
9101112131415
16171819202122
23242526272829
30      
December - 2020
MoTuWeThFrSaSu
 123456
78910111213
14151617181920
21222324252627
28293031