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MIDEAST STOCKS-Financials weigh on #Saudi, blue chips gain in Egypt - Reuters

MIDEAST STOCKS-Financials weigh on Saudi, blue chips gain in Egypt - Reuters:Saudi Arabia's stock market fellsharply on Sunday, dragged down by the financial andpetrochemical sectors, while Egypt's blue chips gained.Saudi's index dropped 2%, with Saudi British Bank(SABB) falling 3.5%, Samba Financial Group,the Kingdom's third-largest bank by assets, shedding 3.4%, andNational Commercial Bank, the country's largestlender, 3.3%.Saudi International Petrochemical Co (Sipchem)lost 4.2% and petrochemi...


MENA fund managers increase investments in Egypt,# UAE: Poll | ZAWYA MENA Edition

MENA fund managers increase investments in Egypt, UAE: Poll | ZAWYA MENA Edition:Middle Eastern funds plan to increase their investments in Egypt and the United Arab Emirates over the next three months, while largely keeping their exposure to other countries in the region at current levels, according to a Reuters poll.Six of the 11 fund managers polled said they would increase their investments in Egypt."We see UAE and Egypt being structurally the most attractive markets in MENA," said Vrajesh B...
Tags: Travel, Egypt, United Arab Emirates, Uae, Mena, Reuters, Rupert Neil Bumfrey, Al Mal Capital, Vrajesh Bhandari


MIDEAST STOCKS-Oil price fall weighs on #Saudi while blue chips gain in Egypt - Agricultural Commodities - Reuters

MIDEAST STOCKS-Oil price fall weighs on Saudi while blue chips gain in Egypt - Agricultural Commodities - Reuters:Saudi Arabia's stock market fell sharplyon Thursday as banks and petrochemical shares dropped amidfalling oil prices, while Egypt's blue-chip index closed higher.Saudi's index dropped 1.4% with 10 of its 11 bankstrading lower. Al Rajhi Bank shed 1.7% and Saudi BasicIndustries fell 2.5%.Oil prices dropped on Thursday, extending falls from theprevious session amid growing U.S. crude in...
Tags: Travel, Saudi Arabia, Egypt, Rupert Neil Bumfrey, Al Rajhi Bank, Egypt Agricultural Commodities Reuters


#Qatar stock exchange looks to new ETFs to attract more foreign cash - Reuters

Qatar stock exchange looks to new ETFs to attract more foreign cash - Reuters:Qatar’s stock exchange is developing two new Exchange Traded Funds, part of efforts by the Middle East’s strongest performing stock market in 2018 to boost foreign investment, CEO Rashid al-Mansoori said.Qatar has been on a drive to attract capital from new sources since Saudi Arabia, the United Emirates, Bahrain, and Egypt imposed an economic boycott over what they allege is Qatar’s support of terrorism, which Doha de...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Middle East, Doha, Reuters, Rupert Neil Bumfrey, Rashid al Mansoori, United Emirates Bahrain


Hidden Gems of Egypt

Read the full article on PeterGreenberg.com at - Hidden Gems of Egypt If you’re coming to Egypt, chances are you’re going to Cairo. And chances are really good that you’re coming to the pyramids. Let’s face it, it’s on your bucket list. But there’s so much more to see and do than just these iconic archeological sites. So in this video, let me share with you some... The post Hidden Gems of Egypt appeared first on Peter Greenberg Travel Detective.
Tags: Travel, Egypt, Cairo, PeterGreenberg, Peter Greenberg, Hidden Gems


Egypt terror attack: AITO respondsEgypt terror attack: AITO responds

'Destinations are now bouncing back more quickly'
Tags: Travel, Egypt, AITO


Travel News: May 20, 2019

Delta’s test of free in-flight Wi-Fi may shame other airlines into offering service CNBC It wasn’t all that long ago (2000 or 2006, depending how you measure) that being able to access the internet on an airplane was a pie-in-the-sky idea. Once the technology became generally available and airlines began equipping planes with Wi-Fi service, passengers soon found they couldn’t bear to fly without it. Inmarsat’s latest Inflight Connectivity Survey found that more than half (55%) of all airline pa...
Tags: Travel, Cnn, Egypt, Delta, Telegraph, Inmarsat, Cnbc, Tuscany, News And Deals, Giza, Elba, Ahram


The most famous works of I.M. Pei

One of the most influential architects of all time, I.M. Pei passed away on Thursday at 102 years old, leaving behind a legacy that won’t soon be forgotten. The Chinese-born architect was responsible for some of the world’s most famous and widely recognized pieces of modern architecture, and you may have marveled at some of his works without even knowing it. He is perhaps best known for designing the East Building of the National Gallery of Art in Washington and the Louvre’s glass pyramid, an...
Tags: Travel, Washington, France, Architecture, Egypt, New York Times, Islam, The Times, Tunisia, Cleveland, Doha, Louvre, All, Rolling Stone Magazine, Jann Wenner, Pei


What to See If You Only Have One Day in Egypt

When traveling to Egypt, it’s best if you have a week or two to explore. However, many travelers only have a single day, maybe because they’re on a cruise or they’re traveling for business. Whatever your reason, you’ll want a plan to see as much as possible in that single day. Here are some of the most popular cities and the best sights to see in one day. Cairo and Giza in One Day Typically when traveling to Egypt, most pair Cairo and Giza together because of their close proximity. When vis...
Tags: Travel, Egypt, Kings, Alexandria, Travel Blog, Luxor, Cairo, Giza, Valley, Mediterranean Sea, Alexander the Great, Karnak, Karnak Temple, Luxor Temple, Khan El Khalili, Bibliotheca Alexandrina


Qatari banks face growing risks from real estate downturn: Fitch - Reuters

Qatari banks face growing risks from real estate downturn: Fitch - Reuters:Qatari banks face growing pressure from high exposure to the country’s sluggish real estate market, hit by oversupply tied to preparations for its 2022 World Cup, ratings agency Fitch said.The tiny but wealthy Gulf state has seen its rental prices slide by 20 percent over the past three years. Analysts expect these prices to fall further as a wave of projects tied to the tournament come online over the next three years.Qa...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Gulf, Fitch, United Arab Emirates Bahrain, Rupert Neil Bumfrey, Fitch Reuters


La minga on Chilean island

A flying house is not a common sight, especially one that’s gliding over grasslands pulled by 12 galloping oxen. Yet, not a single face in the crowd of denim and cowboy hats suggests that the sight is unexpected. Mysticism and solidarity saturate Chile’s Chiloé Island, and here lies a tradition conjured up from both — a minga. The very word minga embodies the heart of island life. It means “an exchange of help for benefit,” and can be applied to everything from helping your neighbor plow and ...
Tags: Travel, Egypt, Chile, South America, Catholic, All, Chiloe, Puerto Montt, Inca, Chiloe Island, Chile culture, Ashley Carmen Lockyer, Unpredictable Pacific, Mingas


Egypt: Who WAS King Tut?

King Tut in Egypt: Mary O'Brien travels to Egypt and visits the Great Pyramids at Giza, the Sphinx, the Valley of the Kings and the temples at Luxor.
Tags: Travel, Egypt, Middle East, Destinations, King Tut


Egypt Heads The Africa Hotel Development Top Ten

The stars of hotel development in Africa are Egypt, Nigeria, Morocco and Ethiopia, according to the 11thannual survey by W Hospitality Group, acknowledged as the industry's most authoritative source. The four countries head the top ten by numbers of rooms in the internationally-branded hotel development pipeline, with Egypt showing 15,158 rooms in 51 new hotels. A total of 75,155 branded rooms in 401 hotels are in development across the whole of Africa - a net increase (ignoring recent op...
Tags: Travel, Africa, Egypt, Ethiopia, Indian Ocean, North Africa, Addis Ababa, Saharan Africa, Africa Hotel Investment Forum AHIF, W Hospitality Group, Egypt Nigeria Morocco, Hotel Chain Development Pipelines


4,500-year-old cemetery discovered by the Pyramids of Giza

While it’s not exactly a surprise that Egypt is full of archeological wonders, it’s still staggering to hear that discoveries are being made, especially in some of the country’s most-heavily visited sites. Photo: Ministry of Antiquities وزارة الآثار/Facebook The Egyptian Ministry of Antiquities announced on May 4 that several tombs and burial shafts from the Old Kingdom — the oldest tomb dates back to 2500 BC — have been uncovered during excavations on the Giza Plateau. The tombs contain t...
Tags: Travel, Egypt, All, Giza, Old Kingdom, Ministry of Antiquities, Ancient Egypt, Pyramids of Giza, Ancient Cemetery, Egyptian cemetery, Egyptian remains


MIDEAST STOCKS-Global trade tensions, Ramadan dent appetite for Gulf stocks - Agricultural Commodities - Reuters

MIDEAST STOCKS-Global trade tensions, Ramadan dent appetite for Gulf stocks - Agricultural Commodities - Reuters:The Egyptian blue-chip index slid sharply to its worst dayin six months on Wednesday, mirroring weak global sentiment, while SaudiArabia's index fell, pressured by global tensions and investors retreating frommarkets during the Muslim holy month of Ramadan.Egypt's blue-chip index fell 2.5 percent, with 29 out of 30 stockstrading in the red. Egypt's largest lender Commercial Internatio...
Tags: Travel, Egypt, Gulf, Rupert Neil Bumfrey, Commercial International Bank Egypt, Egyptian Iron Steel, Emaar Misr For Development, Agricultural Commodities Reuters


What Souq-Amazon and Uber-Careem deals mean for Middle East’s online platforms

What Souq-Amazon and Uber-Careem deals mean for Middle East’s online platforms:A number of start-ups in the Middle East are being bought up by global giants, and while some might fear the loss of a home-grown identity, experts say the deals are recognition that local companies know their markets best.It all started in 2009 with Yahoo!’s acquisition of Jordanian company Maktoob.com. The Amman-based online services company, founded in 1998, was known for being the first Arabic-English email servic...
Tags: Travel, Amazon, Yahoo, Saudi Arabia, Egypt, Middle East, Uae, Amman, Maktoob, North Africa, Rupert Neil Bumfrey, Souq Amazon, Souq


MIDEAST STOCKS-Oil, geopolitical tensions weigh on #Saudi; most Gulf markets down - Reuters

MIDEAST STOCKS-Oil, geopolitical tensions weigh on Saudi; most Gulf markets down - Reuters:Saudi Arabia's stock market fell on Tuesday for the fourthstraight day, weakened by a combination of lower oil prices and geopoliticaltension in the Middle East, while Egypt's blue-chip index was buoyed by itslargest lender.The Saudi index was down 0.8 percent. The country's second-largestlender by assets Al Rajhi Bank lost 1.1 percent and NationalCommercial Bank shed 2.3 percent.  Alawwal Bank eased 1....
Tags: Travel, Saudi Arabia, Egypt, Middle East, Gulf, Reuters, Rupert Neil Bumfrey, Al Rajhi Bank, Alawwal Bank, NationalCommercial Bank


MENA equity markets set for growth, says Franklin Templeton | ZAWYA MENA Edition

MENA equity markets set for growth, says Franklin Templeton | ZAWYA MENA Edition:Saudi Arabia and Egypt have been identified by investment management firm Franklin Templeton as two of its three global market picks (with Colombia being the third).Salah Shamma, a Dubai-based head of investments and MENA equities, also told journalists at a media event last week that the Dubai market had been oversold.“We believe that we are in the midst of an early cycle recovery,” Shamma said, arguing that the re...
Tags: Travel, Saudi Arabia, Colombia, Egypt, Dubai, Gulf, Mena, Rupert Neil Bumfrey, Franklin Templeton, Shamma, Salah Shamma


#Qatar Airways says return to Syrian airspace part of overcoming Gulf boycott - Reuters

Qatar Airways says return to Syrian airspace part of overcoming Gulf boycott - Reuters:Qatar Airways’ return to flying over Syria as its eight-year war dies down is part of its efforts to grapple with a nearly two-year Gulf dispute that has blocked it from using the airspace of many of its neighbors, CEO Akbar al-Baker said on Saturday.Syrian transport minister Ali Hammoud said last month that his country had approved a request by Qatar Airways to begin using the country’s airspace for routes, o...
Tags: Travel, Saudi Arabia, Qatar, Syria, Egypt, Doha, Gulf, Reuters, Qatar Airways, Akbar Al Baker, United Arab Emirates Bahrain, Rupert Neil Bumfrey, Ali Hammoud


Travel News: May 2, 2019

Autograph Collection Hotels debuts in Kenya welcoming Sankara Nairobi Africanews in English Autograph Collection Hotels (www.AutographHotels.com), Marriott International’s (www.Marriott.com) distinctive collection of passionately independent hotels, today welcomed Sankara Nairobi to its diverse and distinguished portfolio of over 171 hotels around the world, marking the debut for the brand in Kenya. Set in the heart of Westlands, Sankara Nairobi lies in the epicentre of the city’s commercial, r...
Tags: Travel, India, Egypt, New York Times, Delta, Marriott, Kenya, Boeing, Capri, News And Deals, Marriott International, Esposito, Travel Weekly Delta, Sankara Nairobi, Sankara Nairobi Africanews, Westlands Sankara Nairobi




Chemicals or biological agent 'may have killed UK couple in Egypt'

John and Susan Cooper did not die in Red Sea resort from natural causes, court told A British couple who died on holiday at a hotel in Egypt may have suffered the effects of an infectious biological agent or toxic chemicals, a coroner’s court has heard.John Cooper, 69, and his wife, Susan, 63, died suddenly on 21 August last year after becoming ill while staying at the Steigenberger Aqua Magic hotel in the Red Sea resort of Hurghada. Continue reading...
Tags: Travel, UK, Africa, Travel & leisure, UK News, Middle East and North Africa, Egypt, John, Susan, Red Sea, Susan Cooper, John Cooper, Steigenberger Aqua Magic, Hurghada Continue


Travel News: April 30, 2019

Marriott May Expand Into Home Rentals Travel Pulse Marriott may be expanding into the home rental business. According to various reports, including one in The Wall Street Journal, the hotel giant is preparing to take on Airbnb and the various other home sharing platforms that have sprung up in recent years. The world’s biggest hotel operator may reveal the details of its plan as soon as next month, the publication reported. If that comes to pass, Marriott would be the first major hotel company ...
Tags: Travel, Usa, Egypt, Marriott, Airbnb, United Airlines, Sas, News And Deals, Red Sea, USA Today United Airlines, Andrea Hiller


Most underrated scuba diving sites

Over 70 percent of our planet is covered by ocean, so it’s no surprise that there are thousands of incredible scuba diving destinations around the world. But most divers never stray far from the most popular and well-known hotspots. This means that the most famous places, from Mexico to the Philippines, often feature boring dives, packed boats, and congested sites. It’s time to change that. Read on for our top scuba diving destinations that you’ve never heard of, and start planning the diving...
Tags: Travel, Indonesia, Mexico, Egypt, South Africa, Philippines, Jordan, Diving, Belize, Scuba Diving, Sulawesi, All, Scuba, Playa Del Carmen, Red Sea, Aqaba


MIDEAST STOCKS-Egypt, #Qatar gain on financials; cement makers lift Saudi - Reuters

MIDEAST STOCKS-Egypt, Qatar gain on financials; cement makers lift Saudi - Reuters:Egypt's blue-chip index and the Qatarstock market rose modestly on Wednesday, buoyed by theirfinancial shares, while the Saudi index edged up on the back ofits cement producers.The Egyptian index rose 0.9 percent, after itslargest lender Commercial International Bank increased0.6 percent and Egypt Kuwait Holding rebounded 3.7percent after trading ex-dividend on Tuesday.  Eastern Company inched up 0.1 percent. O...
Tags: Travel, Egypt, Egypt Qatar, Rupert Neil Bumfrey, Commercial International Bank, Eastern Company, Saudi Reuters, Egypt Kuwait Holding, HC Research


Travel News: April 24, 2019

Four Seasons to Launch New Private Jet Experience in 2021 Travel Pulse Four Seasons Hotels and Resorts has unveiled plans for an all-new private jet experience scheduled to take flight in early 2021. The luxury hospitality company has had tremendous success since launching the industry’s first fully branded and customized private jet in 2015 and is now seeking to further enhance the in-flight experience.   TWA Hotel rooftop pool to overlook busy runway Travel Weekly The TWA Hotel at New York’s ...
Tags: Travel, New York, France, Islamic State, Africa, Egypt, Pakistan, Middle East, Imran Khan, Sharm El Sheikh, News And Deals, Buddhist, Kennedy Airport, Willis, Pool Bar, Gerber Group


MIDEAST STOCKS-Earnings aid #Saudi, real estate hurts Egypt - Reuters

MIDEAST STOCKS-Earnings aid Saudi, real estate hurts Egypt - Reuters:Saudi Arabia's stock market rose onTuesday, lifted by a slew of corporate announcements, whileEgypt's blue-chip index was pulled down by its real estateshares.Saudi Arabia's index added 0.4 percent, with RiyadBank climbing 3.6 percent to reach its highest sinceMay 2006. The lender posted a 44.7 percent increase in firstquarter net profit.Saudi British Bank rose 1.3 percent after theCapital Market Authority approved a request to...
Tags: Travel, Saudi Arabia, Egypt, Egypt Reuters, Rupert Neil Bumfrey, Saudi British Bank, theCapital Market Authority


Top Sights of The 4 Islamic Holy Sites

Travel has always been a key component of the world’s great religions. From pilgrimages to exoduses to retreats, there has always been a great importance placed on moving, whether permanently or just for a visit, to pastures green, deserts golden, or cities of every colour from grey to glittering. Possibly more than any other religion, Islam has gone above and beyond in this manner. Not only does it possess a multitude of holy sites, but they are carefully ranked and organised, based on their...
Tags: Travel, Saudi Arabia, Jerusalem, Egypt, Middle East, Islam, Jesus, Mecca, Travel Guides, Medina, Holy Sites, Jeddah, Jeddah Riyadh, Mohammad, Elijah, Solomon


Want to Write for Nomadic Matt? Here’s How!

Updated: 04/22/19 | April 22, 2019 Earlier this year, I announced I was opening this website up to guest posters. For years, I turned away unsolicited guest posts, but, this year, I decided it was time to change that policy as I want to add more voices, opinions, stories, and tips to this site. I want to bring in people out there who have helpful information and insight I might not have, especially now that I’m traveling a lot less. So, if you’d like to write for this site, here are our guideli...
Tags: Travel, China, India, Africa, Egypt, Middle East, Tanzania, John, Random Musings, Central Africa, East Africa, East, Matt, Guest Posting, John Simple



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