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#Qatar Sees $20 Billion Bump to Economy From Soccer World Cup - Bloomberg

Qatar Sees $20 Billion Bump to Economy From Soccer World Cup - Bloomberg Tokyo’s 2020 Olympics may be a financial flop, but Qatar, host to one of the next big global sporting events since the start of the pandemic, expects its tournament late next year to provide an economic boost.“We anticipate the contribution to the economy essentially would be around about $20 billion,” said Hassan Al Thawadi, Secretary-General of the Committee for Delivery and Legacy that’s building the infrastructure beh...
Tags: Travel, Qatar, Bloomberg, Tokyo, Gulf, Bloomberg Intelligence, Rupert Neil Bumfrey, Hassan Al Thawadi, Al Thawadi, Committee for Delivery, Qatar Economic Forum Qatar


Bahrain's Batelco Telecom Considers #Saudi Dual Listing - Bloomberg

Bahrain's Batelco Telecom Considers Saudi Dual Listing - Bloomberg Bahrain’s biggest telecommunications firm is planning to become the first company to have a dual listing of shares on Saudi Arabia’s stock exchange, according to people familiar with the matter.Bahrain Telecommunications Co., also known as Batelco, has hired the investment arm of Samba Financial Group as an adviser on the deal, the people said, asking not to be identified as the information is private. No decision has been made...
Tags: Travel, Saudi Arabia, Bloomberg, Dubai, Abu Dhabi, Bahrain, Gulf, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Samba Financial Group, Khalid Al Hussan, Samba Capital, Batelco, Batelco Telecom, Bloomberg Bahrain, Bahrain Telecommunications Co


MIDEAST STOCKS #Dubai bourse gains, major Gulf markets fall | Reuters

MIDEAST STOCKS Dubai bourse gains, major Gulf markets fall | Reuters Most major stock markets in the Gulf ended lower on Thursday, although the Dubai index was boosted by gains in financial shares.Dubai's main share index (.DMFGI) finished 0.8% higher, buoyed by a 1.8% rise in Emirates NBD Bank (ENBD.DU) and a 0.8% increase in sharia-compliant lender Dubai Islamic Bank (DISB.DU).The United Arab Emirates (UAE) central bank raised its key overnight interest rate by 5 basis points on Thursday...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Uae, Gulf, Reuters, U S Federal Reserve, United Arab Emirates UAE, Qatar National Bank, Tasi, Rupert Neil Bumfrey, ADCB, Gulf Egypt, First Abu Dhabi Bank, Bank of America Securities


MIDEAST STOCKS Major Gulf indexes mixed, #Saudi market gains | Reuters

MIDEAST STOCKS Major Gulf indexes mixed, Saudi market gains | Reuters Major Gulf stock markets were mixed in early trade on Thursday with the Saudi index supported by gains in financial shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, helped by a 0.2% gain in Al Rajhi Bank (1120.SE) and 0.8% rise in Riyad Bank (1010.SE).Goldman Sachs raised its expectations for Saudi Arabian growth this year and in 2022 amid rising oil prices and an increase in oil output by the kingdom.Dubai's mai...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Commercial Bank, Tasi, Rupert Neil Bumfrey, ADCB, QSI, Al Rajhi Bank, Qatar National Bank QNBK, Abu Dhabi Commercial Bank ADCB ADCB, Dubai Investments DINV


MIDEAST STOCKS Most major Gulf bourses in red; financials aid #Saudi | Reuters

MIDEAST STOCKS Most major Gulf bourses in red; financials aid Saudi | Reuters Most major stock markets in the Gulf ended lower on Wednesday, with the Dubai index leading the losses, while financial shares bolstered the Saudi bourse.Dubai's main share index (.DFMGI) declined 1%, with sharia-compliant lender Dubai Islamic Bank (DISB.DU) and blue-chip developer Emaar Properties (EMAR.DU) both losing 1.4%.Elsewhere, DAMAC Properties (DAMAC.DU) retreated 1.5%.Last week, United Arab Emirates prop...
Tags: Travel, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Riyad Bank, Tasi, Rupert Neil Bumfrey, ADCB, QSI, Hussain Sajwani, Gulf Egypt, DFMGI


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


Mideast Stocks: Major Gulf bourses subdued in early trade | ZAWYA MENA Edition

Mideast Stocks: Major Gulf bourses subdued in early trade | ZAWYA MENA Edition Major stock markets in the Gulf were in negative territory early on Wednesday, with property shares weighing on the Dubai index.Dubai's main share index lost 0.5%, with blue-chip developer Emaar Properties dropping 1% and DAMAC Properties falling 0.8%.Last week, United Arab Emirates property tycoon Hussain Sajwani made an offer to buy out minority shareholders in DAMAC, which he has run for nearly two decades. The a...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Emaar Properties, Qatar National Bank, Rupert Neil Bumfrey, Hussain Sajwani, Masraf Al Rayan, Major Gulf, Qatar Financial Markets Authority, Sulaiman Al Habib Medical Services, First Abu Dhabi Bank Abu Dhabi


MIDEAST STOCKS Major stock markets in the Gulf end mixed | Reuters

MIDEAST STOCKS Major stock markets in the Gulf end mixed | Reuters Major stock markets in the Gulf ended mixed on Tuesday, with financial shares weighing on the Saudi index and property stocks bolstering Dubai.Saudi Arabia's benchmark index (.TASI) dropped 0.8%, weighed down by a 2.1% decline in Al Rajhi Bank (1120.SE) and a 2.3% slide in Saudi Telecom Company (7010.SE).The kingdom's inflation rate rose for the second consecutive month in May, climbing to 5.7% from 5.3% in April, again refl...
Tags: Travel, Qatar, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Reuters Major, Dubai Saudi Arabia, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, QSI, Hussain Sajwani, Al Rajhi Bank


Analysis: DAMAC delisting plan piles pressure on shrinking Dubai market | Reuters

Analysis: DAMAC delisting plan piles pressure on shrinking Dubai market | Reuters Dubai’s stock market is set for another delisting, raising a question mark over the future of one of the Gulf’s major exchanges, which was launched two decades ago.A $595 million bid to take DAMAC Properties (DAMAC.DU) private by the firm’s founder Hussain Sajwani is the latest blow to the exchange, even as the Gulf city state’s property market showed signs of life in the first quarter."It is not that Dubai is b...
Tags: Travel, London, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Emaar Properties, Dubai Financial Market DFM, Arabtec, Rupert Neil Bumfrey, Hussain Sajwani, Reuters Dubai, DFM, Nasdaq Dubai, Reuters Analysts


MIDEAST STOCKS Major Gulf bourses ease in early trade as financial shares drag | Reuters

Major stock markets in the Gulf were subdued in early trade on Tuesday, mostly hurt by losses in financial shares in the absence of fresh factors to trade on.Saudi Arabia's benchmark index (.TASI) fell 0.4%, with Al Rajhi Bank (1120.SE) losing 0.9%, while Saudi Arabian Mining Company (1211.SE) retreated 1.2%.The kingdom's inflation rate rose for the second consecutive month, climbing to 5.7% in May from 5.3% in April, again reflecting a tripling of value-added tax to 15% last year, official data...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Tasi, Rupert Neil Bumfrey, Hussain Sajwani, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI, Qatar National Bank QNBK, Emirates NBD Bank ENBD


Emirates Posts First Loss in Three Decades as Virus Slams Travel - Bloomberg

Emirates Posts First Loss in Three Decades as Virus Slams Travel - Bloomberg Results Emirates airline reported a loss of 20.3 billion dirhams down from 1.1 billion dirhams profit in the previous yearRevenue at the airline declined 66% to 30.9 billion dirhamsDnata reported a loss of 1.8 billion dirhams  vs  618 million dirhams profit Emirates Group, owner of the world’s largest long-haul airline prior to the Covid-19 pandemic, slumped to a 22.1 billion dirhams ($6 billion) loss in the financia...
Tags: Travel, Emirates, Airbus, Ahmed, Gulf, Boeing Co, Ahmed bin Saeed Al Maktoum, Emirates Group, Rupert Neil Bumfrey, Bloomberg Results Emirates, government of Dubai Its dnata


MIDEAST STOCKS Rising oil prices, economic recovery lift Gulf stocks | Reuters

MIDEAST STOCKS Rising oil prices, economic recovery lift Gulf stocks | Reuters Major stock markets in the Gulf ended higher on Monday, as investors eye economic recovery and rising oil prices which gained on an improved outlook for worldwide fuel demand. Brent was up 64 cents, or 0.9%, at $73.34 a barrel by 1246 GMT, its highest since May 2019. "GCC economies tend to heavily depend on oil price movements and should see solid support thanks to rising crude prices. This effect will be ob...
Tags: Travel, France, Saudi Arabia, Qatar, Egypt, GCC, Dubai, Abu Dhabi, Cairo, Gulf, Reuters, Reuters Major, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, QSI


#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


EXCLUSIVE Energy majors bid for #Qatar LNG project despite lower returns | Reuters

EXCLUSIVE Energy majors bid for Qatar LNG project despite lower returns | Reuters Six top western energy firms are vying to partner in the vast expansion of Qatar’s liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled.Exxon Mobil, Royal Dutch Shell, TotalEnergies and ConocoPhillips, which are part of Qatar's existing LNG production were joined by new entrants Ch...
Tags: Travel, Qatar, Italy, Chevron, ConocoPhillips, Gulf, Reuters, Eni, Rupert Neil Bumfrey, Qatar Petroleum QP, Exxon Mobil Royal Dutch Shell


MIDEAST STOCKS Gulf markets make gains on oil, economic recovery | Reuters

MIDEAST STOCKS Gulf markets make gains on oil, economic recovery | Reuters Major Gulf stock markets rose on Monday, lifted by optimism about economic recovery and oil prices which gained on an improved outlook for worldwide fuel demand.Oil prices are a key catalyst for the Gulf region's financial markets and Brent crude was up 76 cents, or 1.1%, at $73.43 a barrel at 0734 GMT, its highest level since May 2019. .Saudi Arabia's benchmark index (.TASI) gained 0.6%, with Al Rajhi Bank (1120.SE) ri...
Tags: Travel, Saudi Arabia, Qatar, GCC, Dubai, Abu Dhabi, Gulf, Reuters, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, Emaar Properties EMAR DU, COVID, Emirates NBD Bank ENBD


MIDEAST STOCKS #Saudi index outperforms as financials boost; Egypt falls | Reuters

MIDEAST STOCKS Saudi index outperforms as financials boost; Egypt falls | Reuters Saudi Arabian shares ended higher on Sunday, outperforming other Gulf peers, buoyed by gains in banking stocks, while Egypt's blue-chip index extended losses.Saudi Arabia's benchmark index (.TASI) advanced 0.9%, lifted by a 3.8% rise in Al Rajhi Bank (1120.SE) and a 3.6% increase in Saudi Telecom Company (7010.SE).Elsewhere, Dur Hospitality Co (4090.SE) finished 0.6% higher after the firm said it is in merger ...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Uae, Gulf, Reuters, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, Reuters Saudi Arabian


Most Middle Eastern Stocks Climb as Oil Extends Gains: Inside EM - Bloomberg

Most Middle Eastern Stocks Climb as Oil Extends Gains: Inside EM - Bloomberg Most equities markets in the Middle East extended gains on Sunday, following another positive week for crude prices.Equities gauges in Saudi Arabia, Bahrain, Oman, Kuwait, Qatar and Israel advanced as much as 0.8%, while those in Dubai and Abu Dhabi slipped less than 0.1%.Oil, the main export for Gulf countries, posted its third straight weekly rise on improving demand, with the International Energy Agency warning the...
Tags: Travel, Saudi Arabia, Israel, Bloomberg, Middle East, Dubai, Mecca, Abu Dhabi, Uae, Gulf, Riyadh, International Energy Agency, Bloomberg Intelligence, Jabal Omar, Rupert Neil Bumfrey, Edmond Christou


MIDEAST STOCKS #Saudi index firms as other Gulf markets remain subdued | Reuters

MIDEAST STOCKS Saudi index firms as other Gulf markets remain subdued | Reuters Major Gulf stock markets were little changed in early trade on Sunday, though the Saudi index was up 0.4% to extend gains from the previous four sessions.Saudi Arabia's benchmark index (.TASI) was buoyed by Al Rajhi Bank (1120.SE) advancing by 0.8% while Saudi Telecom Company (7010.SE) was up 0.6%.In a blow for the Saudi economy the kingdom has restricted the annual haj pilgrimage to its own citizens and residents ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Mecca, Abu Dhabi, Uae, Medina, Gulf, Reuters, United Arab Emirates UAE, Saudi Press Agency, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Industries Qatar


#Saudi Aramco raises $6 billion with debut sukuk | Reuters

Saudi Aramco raises $6 billion with debut sukuk | Reuters Saudi Arabian oil giant Aramco (2222.SE) locked in another $6 billion on Wednesday to help fund a large dividend as it returned to the international debt markets with its first U.S. dollar-denominated sukuk sale, a document showed.The debt issuance, which will help fund a $75 billion dividend commitment that will mostly go to the government, comprises tranches of three, five and 10 years, a document from one of the banks arranging the d...
Tags: Travel, Saudi Arabia, Gulf, Reuters, Aramco, Saudi Aramco, Moody, BOC, UST, Rupert Neil Bumfrey, Dubai Islamic Bank, U S Treasuries UST, Citi C N HSBC, Standard Chartered Bank STAN L Passive


10 tropical hotels on Key West you'll want to book for a relaxing island escape

If you buy through our links, we may earn money from affiliate partners. Learn more. Tripadvisor The southernmost U.S. island, Key West offers a tropical climate, lush gardens, and warm ocean water. Nicknamed the Conch Republic, Key West has distinct hotels, from colorful inns to expansive resorts. The best time to visit Key West is in summer and early fall when prices are low, beginning at $140. Table of Contents: Masthead Sticky Sometimes weird, often wacky, but always wonderful, Ke...
Tags: Florida, Cdc, US, Trends, Marriott, Keurig, Bob Marley, Tripadvisor, Cuba, Ada, Gulf of Mexico, Caribbean, Orlando, Alley, Key West, Old Town


MIDEAST STOCKS Most Gulf markets rise as oil rebounds; Egypt bucks trend | Reuters

MIDEAST STOCKS Most Gulf markets rise as oil rebounds; Egypt bucks trend | Reuters Major stock markets in the Gulf ended higher on Thursday, supported by a rebound in oil prices, but the Egyptian index bucked the trend to close lower.Brent crude oil futures LCOc1 were up 18 cents, or 0.25%, at $72.40 a barrel by 1024 GMT, holding just shy of a high not seen since May 2019.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, extending gains for the fourth consecutive session, with Al Rajhi...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, Riyad Bank, Tasi, Rupert Neil Bumfrey, Industries Qatar, EIG Global Energy Partners, QSI


Investcorp weighs taking #SaudiArabia's Al Borg public -sources | Reuters

Investcorp weighs taking Saudi Arabia's Al Borg public -sources | Reuters Middle Eastern fund Investcorp is considering a public share sale of Saudi Arabia's Al Borg Medical Laboratories, two sources familiar with the matter said.Bahrain-headquartered Investcorp invited banks to pitch for a planned listing of Al Borg, one of the largest private medical laboratory chains in the Gulf, said the sources, declining to be identified as the matter is not public.Investcorp could raise around $200 mill...
Tags: Travel, Saudi Arabia, Africa, Bahrain, Gulf, Reuters, Investcorp, Rupert Neil Bumfrey, Reuters Middle Eastern, Al Borg, Al Borg Medical Laboratories


MIDEAST DEBT #Oman scores bumper bond sale as investors shelve debt worries | Reuters

MIDEAST DEBT Oman scores bumper bond sale as investors shelve debt worries | Reuters Oman saw bumper demand in its first dollar-denominated sukuk sale since 2018 on Tuesday, as the rise in oil prices over the last year and a fiscal consolidation plan allayed investors' concerns about a break-neck rise in debt levels.The small Gulf state's $1.75 billion nine-year sukuk drew over $11.5 billion in demand. read moreThe sukuk were up about one cent on the dollar on Wednesday in the so-called grey m...
Tags: Travel, Oman, Ash, Morgan Stanley, Bahrain, Gulf, Reuters, Vanguard, Reuters Oman, Rupert Neil Bumfrey, BlueBay Asset Management, Timothy Ash, Raffaele Bertoni, Market Derived Signal Score, Gulf Investment Corporation Nick Eisinger


MIDEAST STOCKS Major Gulf indexes mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf indexes mixed in early trade | Reuters Major Gulf stocks were mixed in early trade on Thursday, with the Saudi Arabia index on track to gain for a fourth consecutive session, buoyed by banking shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, with Al Rajhi Bank (1120.SE) gaining 0.6% and Saudi National Bank (1180.SE) advancing 0.4%.Separately, Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said on Tuesday it has established two deputy gov...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, EIG Global Energy Partners, Mubadala, Public Investment Fund, Qatar National Bank QNB, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI


Soaring Mideast Heat May Roil Oil Market as Demand Surges - Bloomberg

Soaring Mideast Heat May Roil Oil Market as Demand Surges - Bloomberg Soaring temperatures in one of the world’s top energy-producing regions could drive fuel prices higher as countries there burn more oil and natural gas to keep homes cool.Saudi Arabia, the United Arab Emirates and Kuwait are all experiencing weather that’s hotter than normal. That has coincided with a tightened crude market, with the Organization of Petroleum Exporting Countries and its allies continuing to hold back million...
Tags: Travel, London, Saudi Arabia, Iraq, Opec, Bloomberg, Middle East, United Arab Emirates, Kuwait, Gulf, Persian Gulf, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey, Oxford Institute for Energy Studies, Ahmed Mehdi, Bloomberg Soaring


MIDEAST STOCKS Most major markets end higher on oil price gains; #Dubai dips | Reuters

MIDEAST STOCKS Most major markets end higher on oil price gains; Dubai dips | Reuters Most major Gulf stock markets finished higher on Wednesday as oil prices rose, while real estate stocks pressured Dubai to close lower.Brent crude futures were up 32 cents, or 0.3%, at $72.42 a barrel at 0911 GMT, having earlier touched $72.83, the highest since May 20, 2019. Brent rose 1% on Tuesday. read moreSaudi Arabia's benchmark index (.TASI) was up 0.5% with Al Rajhi Bank (1120.SE) gaining 0.8% an...
Tags: Travel, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, Industries Qatar, ADCB, Savola Group, Al Rajhi Bank, Gulf Egypt, Abu Dhabi Commercial Bank ADCB ADCB, Commercial International Bank COMI, Emaar Properties EMAR


UPDATE 1- #Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources | Reuters

UPDATE 1-Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources | Reuters Saudi Arabian oil giant Aramco is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.The debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, five and 10 years, the term sheet for the sukuk seen by Reute...
Tags: Travel, Saudi Arabia, Gulf, Reuters, Aramco, Saudi Aramco, UST, BOC International, Rupert Neil Bumfrey, Dubai Islamic Bank, U S Treasuries UST


MIDEAST STOCKS Gulf markets up as oil prices rise; deals boost #UAE, Bahrain | Reuters

MIDEAST STOCKS Gulf markets up as oil prices rise; deals boost UAE, Bahrain | Reuters Gulf stock markets rose in early trade on Wednesday tracking oil prices, with merger and acquisition deals providing an additional boost to the markets in the United Arab Emirates and Bahrain.Oil prices rose for a second session on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the U.S. secretary of state said sanctions against Tehran w...
Tags: Travel, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Tehran, Bahrain, Gulf, Reuters, State, U S, Tasi, Reuters Gulf, Rupert Neil Bumfrey, ADCB, Damac


MIDEAST STOCKS #AbuDhabi, #Saudi manage small gains; other Gulf indexes muted | Reuters

MIDEAST STOCKS Abu Dhabi, Saudi manage small gains; other Gulf indexes muted | Reuters Major Gulf markets ended lower on Tuesday, while Abu Dhabi and Saudi Arabia eked out marginal gains, as sentiment was pressured by weak oil prices.Brent crude was down 58 cents, or 0.8%, at $70.91 a barrel by 1218 GMT, after declining 0.6% on Monday. U.S. West Texas Intermediate oil was off by 55 cents, or 0.8%, at $68.68 a barrel, having dropped by 0.6% in the previous session. read moreThe movement in ...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Emaar, Tasi, Medical Services, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, QSI, Al Rajhi Bank, Gulf Egypt


#Oman gets $1.75 billion as sukuk comeback sees huge demand | Reuters

Oman gets $1.75 billion as sukuk comeback sees huge demand | Reuters Oman sold $1.75 billion in nine-year sukuk, or Islamic bonds, on Tuesday after drawing more than $11.5 billion in orders for its second international bond issuance this year, a document showed.It launched the bonds at 4.875%, tightened from initial price guidance of 5.375%-5.5%, according to the document from one of the banks involved in the deal.Oman, a relatively small oil producer, is one of the weakest credits in the hydr...
Tags: Travel, Oman, Bahrain, Gulf, Reuters, Reuters Oman, Bank Muscat, Gulf Investment Corporation, Rupert Neil Bumfrey, Abdul Kadir Hussain, Raffaele Bertoni



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