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MIDEAST STOCKS Major Gulf bourses end mixed; #AbuDhabi off record high | Reuters

MIDEAST STOCKS Major Gulf bourses end mixed; Abu Dhabi off record high | Reuters Major stock markets in the Gulf ended mixed on Sunday, with the Abu Dhabi index retreating from the previous session's record highs.GCC markets evolved in different directions as doubts around oil market developments and international economic growth contrasted with strong local fundamentals, said Wael Makarem, senior market strategist at Exness.On Friday, world shares fell after a week of mixed economic data ...
Tags: Travel, Egypt, United Arab Emirates, Dubai, Abu Dhabi, MPC, Gulf, Reuters, U S Federal Reserve, Reuters Major, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, U S Gulf of Mexico


MIDEAST STOCKS #AbuDhabi leads major Gulf bourses higher; Egypt falls | Reuters

Major stock markets in the Gulf reversed early losses to close higher on Thursday, with the Abu Dhabi index registering its eighth straight weekly gain.In Abu Dhabi, the index (.ADI) gained 0.8%, buoyed by a 2.5% rise in the country's largest lender First Abu Dhabi Bank (FAB.AD).The United Arab Emirates central bank is studying ways to replace the local interbank rate, Reuters reported citing three sources, as it tries to catch up with global regulators who have called time on such benchmark...
Tags: Travel, Egypt, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, Industries Qatar, Al Rajhi Bank, Gulf Egypt, First Abu Dhabi Bank, Emirates NBD Bank ENBD


#AbuDhabi’s ADQ acquires all of Swiss pharmaceutical company Acino | Markets – Gulf News

Abu Dhabi’s ADQ acquires all of Swiss pharmaceutical company Acino | Markets – Gulf News Abu Dhabi fund ADQ has entered a definitive agreement to acquire Swiss pharmaceutical company Acino. This marks ADQ’s largest deal yet in the healthcare and pharmaceuticals portfolio.ADQ will acquire 100 per cent of Acino from its current stakeholders, which include Nordic Capital and Avista Capital Partners. With this acquisition, the Abu Dhabi fund intends to create an integrated pharma platform with for...
Tags: Travel, India, Africa, Egypt, Middle East, Abu Dhabi, Uae, Gulf News, Rupert Neil Bumfrey, Nordic Capital, ADQ, Gulf News Abu Dhabi, Avista Capital Partners With, Steffen Saltofte, Acino, Pharmax


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


MIDEAST STOCKS #Dubai bourse extends losses as Egypt outperforms | Reuters

MIDEAST STOCKS Dubai bourse extends losses as Egypt outperforms | Reuters Dubai's stock market ended lower on Tuesday, extending losses for a second consecutive session, while investors in Egypt were optimistic about the central bank keeping interest rates on hold.Dubai's main share index (.DFMGI) fell 0.3%, with sharia-compliant lender Dubai Islamic Bank (DISB.DU) losing 1.2%, whereas Emirates NBD Bank (ENBD.DU) closed 0.4% lower.The emirate's bourse continues its price correction weighed...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Uae, Reuters, U S Federal Reserve, Saudi Basic Industries Corp, Riyad Bank, Tasi, Rupert Neil Bumfrey, QSI, Reuters Dubai, Aldar Properties, Aldar


#UAE's Aldar and ADQ seek to buy control of Egypt's SODIC | Reuters

UAE's Aldar and ADQ seek to buy control of Egypt's SODIC | Reuters The UAE's Aldar Properties and ADQ have submitted a request to Egypt's Financial Regulatory Authority (FRA) to acquire up to 90% of Egyptian property developer SODIC (OCDI.CA), they said on Tuesday.The mandatory tender offer of 20 Egyptian pounds per share would value SODIC at $453 million, said the companies, which are seeking a minimum of 51% of SODIC.Aldar accounts for 70% of the consortium while ADQ, a state-backed holding ...
Tags: Travel, Egypt, Uae, Reuters, FRA, Rupert Neil Bumfrey, Aldar Properties, Aldar, SODIC, ADQ, Financial Regulatory Authority FRA, SODIC Aldar


Radisson Hotel Group on Track to Reach 50 Hotels in North Africa by 2025

Radisson Hotel Group (www.RadissonHotels.com), one of the world’s leading hotel companies, has set a record in its North African expansion, with the signing of nine hotels, to date this year. This has boosted the Group’s North Africa portfolio, comprising of of the Maghreb countries along with Libya and Egypt, to over 30 hotels in operation and under development, placing them firmly on track to reach over 50 hotels by 2025.
Tags: Travel, Egypt, Libya, Group, North Africa, Radisson Hotel Group


Mohamed Hadid on his doomed masterpiece

For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page. Mohamed Hadid on his doomed masterpiece A developer, a Bel Air mansion and city corruption New York Los Angeles Issue / Mohamed Hadid (Photography by Kevin Scanlon) In November, a judge ordered Mohamed Hadid to destroy a 30,000-square-foot Bel Air mansion that the developer has kind of built. The extraordinary order from Los Angeles County Superior Court Judge Craig Karlan...
Tags: Travel, Hollywood, California, Washington, America, Los Angeles, Syria, Fbi, United States, Egypt, Gigi, Bravo, Beverly Hills, Muslim, Houston, Sylvester Stallone


Analysis: The West owes #Qatar a favour over Afghanistan. That was the point | Reuters

Analysis: The West owes Qatar a favour over Afghanistan. That was the point | Reuters Since the U.S. withdrawal from Afghanistan, the world's top diplomats have been beating a path to Qatar, long the gateway to the Taliban and now the essential go-between as the West tries to deal with the new Kabul government. This is no accident.Analysts describe Qatar's emergence as a broker in Afghanistan as a part of a carefully nurtured strategy by the tiny but rich state to bolster its own security, by ...
Tags: Travel, Saudi Arabia, Qatar, Afghanistan, West, Egypt, Taliban, Middle East, United Arab Emirates, Kabul, Reuters, Rupert Neil Bumfrey


MIDEAST STOCKS #AbuDhabi stocks at record highs as Etisalat extends gains | Reuters

MIDEAST STOCKS Abu Dhabi stocks at record highs as Etisalat extends gains | Reuters Abu Dhabi stocks closed at an all-time high on Wednesday as telecoms giant Etisalat extended gains from the previous session when it announced securing required approvals to increase the foreign ownership limit to 49%.The Abu Dhabi index (.ADI) gained 0.9%, buoyed by a 2.6% rise in Emirates Telecommunications Group (Etisalat) (ETISALAT.AD).The market has also been rising thanks to the positive sentiment, dri...
Tags: Travel, Saudi Arabia, China, Qatar, Egypt, South Africa, Shanghai, Dubai, Abu Dhabi, Uae, Reuters, Kurdistan Region, Dana Gas, Iraq Saudi Arabia, Etisalat, Reuters Abu Dhabi


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


Venice Is Alive: Venice Film Festival, Accademia Galleries, Venice Glass Week & Variety Party at Hotel Danieli + More

The Adriatic Sea seen from the roof terrace of Palazzo del Cinema on the Lido - Photo: Cat Bauer   (Venice, Italy) It seems like every cultural organization in Venice schedules events and openings around the same time that the Venice Film Festival kicks off. There is a slew of international press in town, and the hope is that the press will attend and shine a headline or two their way — so we’ve got major openings at the Gallerie dell’Accademia and Palazzo Ducale as well as the Veni...
Tags: Travel, Hollywood, Youtube, Egypt, Venice, Helen Mirren, Christ, Moses, Jesus Christ, Dolce Gabbana, Venice Italy, Variety, Red Sea, Bauer, Adriatic Sea, Rialto


MIDEAST STOCKS Saudi Telecom aids #Saudi bourse; blue-chip selloff dents Egypt | Reuters

MIDEAST STOCKS Saudi Telecom aids Saudi bourse; blue-chip selloff dents Egypt | Reuters Major stock markets in the Gulf were mixed on Sunday, with the Saudi index extending gains from the previous session, while Egyptian stocks retreated due to a broad selloff in blue-chip shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, helped by a 1.7% rise in Saudi Telecom Company (STC) (7010.SE) after its unit Arabian Internet and Communications Services Co set an indicative price range for...
Tags: Travel, Budget, Saudi Arabia, Iran, Egypt, Pakistan, United Arab Emirates, Abu Dhabi, Yemen, Jeddah, Gulf, Reuters, Aramco, Red Sea, ACWA Power, Reuters Major


Israel's Delek finalises sale of Tamar gas stake to Mubadala | Reuters

Israel's Delek finalises sale of Tamar gas stake to Mubadala | Reuters Delek Drilling (DEDRp.TA) has finalised a deal to sell its 22% stake in the east Mediterranean Tamar gas field to Abu Dhabi's Mubadala Petroleum for about $1 billion, the Israeli company said on Thursday.Delek said it is the biggest commercial deal to be signed between Israeli and Emirati groups since Israel and the United Arab Emirates normalised ties last year. A preliminary agreement was reached in April but it required ...
Tags: Travel, Israel, Egypt, United Arab Emirates, Abu Dhabi, Chevron, Reuters, Delek, Tamar, Rupert Neil Bumfrey, Mubadala, Mubadala Petroleum, Jordan Delek Drilling, Delek Group DLEKG, Reuters Delek Drilling DEDRp TA, Mediterranean Tamar


Magical Morocco | By Rishabh Thapar

Rich culture, history and culinary experiences: Morocco has it all. Along with Egypt and South Africa, it is one of the most visited countries across the continent. In 2019, Morocco recorded a high of 13 million international visitor arrivals to the country on the back of steady annual growth of 5 percent from 2012 to 2019. With tourism receipts representing one of the main sources of foreign currency and contributing to 7 percent of GDP, there is a strong push by the government to revive...
Tags: Travel, Egypt, South Africa, Morocco, Rishabh Thapar


Mideast Stocks- #Dubai gains most among major Gulf bourses, #Saudi eases | ZAWYA MENA Edition

Mideast Stocks- Dubai gains most among major Gulf bourses, Saudi eases | ZAWYA MENA Edition Most major stock markets in the Gulf ended higher on Monday amid rising oil prices, with Dubai's index gaining the most, although the Saudi shares gave up early gains to close lower."GCC markets were supported by a surge in oil prices thanks to a weaker dollar," said Daniel Takieddine, a senior market analyst at FXPrimus.Dubai's main share index advanced 0.7%, buoyed by a 1.2% rise in sharia-compliant l...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Gulf, Alwaleed Bin Talal, Reuters, Emaar Properties, Etisalat, Qatar Islamic Bank, Rupert Neil Bumfrey, Commercial International Bank, Gulf Egypt, Al Rayan Bank, COVID


Three Gorges Said to Near Deal for #Dubai Renewable Firm Alcazar - Bloomberg

Three Gorges Said to Near Deal for Dubai Renewable Firm Alcazar - Bloomberg State-owned China Three Gorges Corp. is nearing a deal to acquire Dubai-based wind and solar developer Alcazar Energy Partners, people with knowledge of the matter said, in one of China’s biggest pushes yet into Middle Eastern renewable energy.A consortium led by Three Gorges is in advanced talks to buy Alcazar Energy for about $500 million, the people said, asking not to be identified because the information is privat...
Tags: Travel, China, Iraq, Egypt, Middle East, Shanghai, United Arab Emirates, Dubai, Jordan, Abu Dhabi, Bloomberg News, Persian Gulf, Alcazar, Standard Chartered Plc, Rupert Neil Bumfrey, Three Gorges


MIDEAST STOCKS Major Gulf markets gain, #AbuDhabi hits record high | Reuters

MIDEAST STOCKS Major Gulf markets gain, Abu Dhabi hits record high | Reuters Most major stock markets in the Gulf rebounded on Tuesday, with the Abu Dhabi index touching an all-time high boosted by gains in telecoms firm Etisalat.Saudi Arabia's benchmark index (.TASI) gained 0.6%, buoyed by a 1% rise in Al Rajhi Bank (1120.SE) and a 2.8% increase in Dr Sulaiman Al-Habib Medical Services (4013.SE). Oil behemoth Saudi Aramco (2222.SE) was up 0.7%.Saudi Aramco is looking to raise at least $...
Tags: Travel, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Saudi Aramco, Qatar National Bank, Tasi, Rupert Neil Bumfrey, QSI, Abudhabi, Al Rajhi Bank, Gulf Egypt, Commercial International Bank COMI


MIDEAST STOCKS Banking shares bolster most Gulf markets | Reuters

Major stock markets in the Gulf ended higher on Sunday, largely driven by gains in financial companies and led by Saudi Arabia.Saudi Arabia's benchmark index (.TASI) rose 0.3%, with Al Rajhi Bank (1120.SE) and petrochemical maker Saudi Basic Industries Corp (2010.SE) both gaining 0.7%.Shares of financial and energy companies in the Gulf have both benefited from recent gains in oil prices.Elsewhere, Saudi Arabian supermarket group BinDawood Holding (4161.SE) finished 0.4% higher despite an alm...
Tags: Travel, Israel, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Johnson Johnson, Saudi Arabia Saudi Arabia, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt


Mideast Stocks Gain as Egypt Extends Winning Streak: Inside EM - Bloomberg

Mideast Stocks Gain as Egypt Extends Winning Streak: Inside EM - Bloomberg Stocks listed in Egypt led gains in the Middle East on Sunday as they catch up with regional and global markets. The benchmark EGX 30 Index extended its longest winning streak since January as earnings fueled optimism.MIDDLE EASTERN MARKETS: The EGX 30 rises as much as 1.6%, trading at the highest since March 18 before triming gains to 1.3% at closing Commercial International Bank +3%; Egypt Kuwait Holding Co +4.4%; EF...
Tags: Travel, Saudi Arabia, Bloomberg, Egypt, Middle East, Dubai, Abu Dhabi, Bindawood, EFG Hermes, Rupert Neil Bumfrey, Damac, CI Capital, Commercial International Bank, Allen Sandeep, Naeem Brokerage, Emaar Development


Egypt Readies What May Be Its Biggest IPO as New Capital Emerges - Bloomberg

Egypt Readies What May Be Its Biggest IPO as New Capital Emerges - Bloomberg Egypt plans to take the first steps early next year toward selling a stake in the state company behind its new capital city, in what could be the North African nation’s biggest-ever initial public offering.The Administrative Capital for Urban Development, a joint venture between the military and the Housing Ministry created to oversee the the multi-billion dollar project, has “very very big assets and a big portfolio ...
Tags: Travel, Egypt, Abdeen, Rupert Neil Bumfrey, Housing Ministry, Ahmed Zaki Abdeen, New Capital Emerges Bloomberg Egypt, Administrative Capital for Urban Development


#AbuDhabi’s Agthia Seeks Food Deals in Egypt and #SaudiArabia - Bloomberg

Abu Dhabi’s Agthia Seeks Food Deals in Egypt and Saudi Arabia - Bloomberg Abu Dhabi-based Agthia Group PJSC is pursuing a strategy to grow through acquisitions and investment in its food and beverage business as its chief executive sees continued economic growth.“We expect to see our growth coming from the consumer business,” Agthia Chief Executive Officer Alan Smith said in an interview with Bloomberg Television. “We’re going to continue to look for the right opportunities” for acquisitions w...
Tags: Travel, Saudi Arabia, Global, Bloomberg, Commodities, Egypt, Abu Dhabi, Alan Smith, Smith, Bloomberg Television, Rupert Neil Bumfrey, Agthia, Agthia Group PJSC, Agthia Seeks Food Deals, Saudi Arabia Bloomberg Abu Dhabi


Silversea: New Cruise Itineraries 2023/2024

? Silversea: New Cruise Itineraries 2023/2024 Silversea has released new cruise itineraries for the summer of 2023 and the winter of 2023/2024. Silversea is on our list of Favorite Ocean Cruise Brands , and we’re very excited to share these new voyages with you. These new itineraries will be calling in 690 destinations in 125 countries. The leading ultra-luxury line’s new itineraries for 2023/2024 include new grand voyages to Africa & Arabia, and the Mediterranean. Responding to strong dem...
Tags: Travel, Greece, Saudi Arabia, Africa, Jerusalem, Cyprus, Unesco, Canada, Egypt, South Africa, Alaska, Portugal, Cape Town, Madagascar, North America, Richard


MIDEAST STOCKS Major Gulf bourses ease, banks buoy #Saudi index | Reuters

MIDEAST STOCKS Major Gulf bourses ease, banks buoy Saudi index | Reuters Dubai's share index ended an eight-session winning streak on Tuesday and most other major stock markets in the Gulf also retreated, but the Saudi market rose thanks to gains in banks.Saudi Arabia's benchmark index advanced 0.9%, with Saudi National Bank (1180.SE) rising 3.5%, a day after the country's largest lender proposed a cash dividend of 0.65 riyal per share for the first half.Among other gainers, Dallah Healthc...
Tags: Travel, Saudi Arabia, Egypt, Oxford, Dubai, Gulf, Reuters, Johnson Johnson, Commercial Bank, Rupert Neil Bumfrey, QSI, Reuters Dubai, Gulf Egypt, First Abu Dhabi Bank, Commercial International Bank COMI, Dubai Islamic Bank DISB DU In Abu Dhabi


Air Arabia reports upbeat numbers despite continuing COVID-19 impact | Aviation – Gulf News

Air Arabia reports upbeat numbers despite continuing COVID-19 impact | Aviation – Gulf News Air Arabia has reported a profitable first-half for 2021 despite the continued impact of COVID-19 on the aviation industry. This is the third consecutive profitable quarter it has managed to since the pandemic hit the industry.Air Arabia reported a net profit of Dh44 million for the period, an increase of 126 per cent compared to the corresponding year. The airline also posted a turnover of Dh1 billion,...
Tags: Travel, Egypt, Armenia, Uae, Etihad Airways, Air Arabia, Rupert Neil Bumfrey, Etihad Guest, Air Arabia Group, Abdullah Bin Mohamed al Thani, Gulf News Air Arabia, Armenian National Interests Fund ANIF


What to eat in Egypt?

When you’re traveling to Egypt, it’s common to be blown away by the beauty and wonders of this extraordinary country, and forgetting that the food culture is indeed unique and worth exploring. In terms of what to expect, traditional foods in Egypt include lamb, beef, and fish, and a variety of recipes contain rice and […] The post What to eat in Egypt? appeared first on A Luxury Travel Blog.
Tags: Travel, Restaurants, Africa, Bars, Egypt, Food And Drink, Clubs, Regions, Going Out, Travel Miscellany


MIDEAST STOCKS Major Gulf bourses gain, #Saudi Aramco's Q2 profit surges | Reuters

MIDEAST STOCKS Major Gulf bourses gain, Saudi Aramco's Q2 profit surges | Reuters Major stock markets in the Gulf ended higher on Sunday, helped by a slew of corporate earnings, with the Abu Dhabi index closing at a new record high.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, with Al Rajhi Bank (1120.SE) gaining 0.7% and Dr Sulaiman Al-Habib Medical Services (4013.SE) advancing over 2% following an increase in quarterly net profit.The healthcare firm also proposed a cash dividend ...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, MPC, Kuwait, Gulf, Reuters, Aramco, Saudi Aramco, Aramex, Reuters Major, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey


Best Time to Visit Egypt

Best Time to Visit Egypt ~ In this article, we’re giving you a tourist guide to one of the most fascinating tourist destinations in the world – Egypt. Famous for the pyramids, Egypt has much more to offer tourists of all sorts. We’ll be examining when you should visit Egypt, and the best things to do while there (not just the pyramids). Let’s get started. Best Time to Visit Egypt Tourist Season – It’s all ... Read more The post Best Time to Visit Egypt appeared first on As We Travel | Travel the...
Tags: Travel, Egypt, Travel Blog, Best Time


Malik on Egypt's Monetary Policy - Bloomberg video

Malik on Egypt's Monetary Policy - Bloomberg Monica Malik, Chief Economist at Abu Dhabi Commercial Bank discusses the upcoming rate announcement from Egypt's central bank amid the backdrop of rising inflation. She also discusses the volatility in the oil market. She speaks with Yousef Gamal El-Din and Manus Cranny on "Bloomberg Daybreak: Middle East. (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Egypt, Malik, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey, Bloomberg Daybreak, Yousef Gamal El Din, Bloomberg Monica Malik


Frumpy Middle-aged Mom: My kids have the attention span of gnats

My kids have the attention span of crazed gnats. They’re both highly intelligent, (the youngsters, not the gnats) and they get bored in the time it takes for the average person to clear his throat. This is why we can’t ever do traditional tours. I’m old and my cerebral cortex is fully developed (that’s my story and I’m sticking to it), so I’m happy to stand around and listen to a tour guide explain at length how Noah’s Ark may have ended up on the top of Mt. Ararat. But Cheetah Boy and Curly Gir...
Tags: Travel, Sport, Noah, Things To Do, Soccer, Egypt, Morocco, Peru, Tripadvisor, Machu Picchu, Marrakesh, Viator, Valley, Hassan, Tut, Luxor Egypt



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