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Oil Tanker Owner Says Ship Attacked in #Saudi Arabian Red Sea - Bloomberg

Oil Tanker Owner Says Ship Attacked in Saudi Arabian Red Sea - Bloomberg An oil tanker came under attack while at a Saudi Arabian terminal in the Red Sea about 125 miles north of the country’s border with Yemen, according to the vessel’s owner.The Agrari, a so-called Aframax-class vessel able to haul about 700,000 barrels of oil, was holed about 1 meter above the waterline in the incident, a statement distributed on behalf of the carrier’s owner said. The incident took place as the ship was prep...
Tags: Travel, Saudi Arabia, Bloomberg, Yemen, Jeddah, Saudi Aramco, Red Sea, Rupert Neil Bumfrey, Saudi Arabian Red Sea Bloomberg, Saudi Arabian Red Sea


Most Middle East markets end higher as investors cheer Biden transition, vaccine progress | Reuters

Most markets end higher as investors cheer Biden transition, vaccine progress | Reuters Most major Gulf markets closed higher on Tuesday, tracking gains on global bourses, helped by a formal transition nod for U.S. President-elect Joe Biden and new coronavirus vaccine developments.U.S. President Donald Trump on Monday gave the head of the General Services Administration the go-ahead to proceed with a transition to a government led by Biden despite plans to continue with legal challenges.Global f...
Tags: Travel, Saudi Arabia, Opec, Qatar, Joe Biden, Middle East, Dubai, General Services Administration, Biden, Abu Dhabi, Yemen, Donald Trump, Jeddah, Gulf, Reuters, Aramco


Boosting Gulf’s economy leads to building more art districts, not museums | Financial Times

Boosting Gulf’s economy leads to building more art districts, not museums | Financial Times Is the era of the mega-museum in the Arabian Gulf coming to an end? Over the last 15 years, Qatar and the United Arab Emirates have spent vast amounts of money to erect headline-worthy museums such as the National Museum of Qatar and Louvre Abu Dhabi, both designed by French architect Jean Nouvel.  Now, however, there is a growing emphasis in the region on initiatives that encourage creativity and t...
Tags: Travel, Qatar, United Arab Emirates, Dubai, Financial Times, Jeddah, Gulf, Jean Nouvel, Arabian Gulf, Rupert Neil Bumfrey, Louvre Abu Dhabi, National Museum of Qatar, Antonia Carver, Jameel Arts Centre


STR: Preliminary October data for Jeddah hotels

Jeddah's hotel industry reported mixed performance in comparison with recent months, according to preliminary October 2020 data from STR. Year-over-year declines in the key performance metrics remained significant when compared with October 2019:
Tags: Travel, Jeddah


#Saudi airline faces claim over 50 leased Airbus planes - documents | Reuters

Saudi airline faces claim over 50 leased Airbus planes - documents | Reuters State-owned Saudi Arabian Airlines is facing a claim in London's High Court filed last month by a Dubai-based financial services firm over an alleged breach of lease agreements of 50 Airbus AIR.PA aircraft, court documents showed.Alif Segregated Portfolio Company, which specialises in shariah-compliant aircraft leasing, has filed a complaint against the Jeddah-based carrier, also known as Saudia, in which it could seek ...
Tags: Travel, London, Dubai, Airbus, Jeddah, Reuters, Reuters State, Rupert Neil Bumfrey, Saudi Arabian Airlines, Alif, London 's High Court, Alif Segregated Portfolio Company


Middle East Deals: #Saudi Binladin to Hire Advisers for $15 Billion Debt Revamp - Bloomberg

Middle East Deals: Saudi Binladin to Hire Advisers for $15 Billion Debt Revamp - Bloomberg:Saudi Binladin Group plans to hire more advisers to accelerate one of the Middle East’s biggest corporate-debt revamps and tackle its estimated $15 billion debt pile.The kingdom’s top builder reached out to restructuring specialists across the Persian Gulf to assist with reorganizing the business, a spokesman for Jeddah-based SBG said in a text message. The consultants will assist Houlihan Lokey Inc., whic...
Tags: Travel, Middle East, Mecca, Jeddah, Persian Gulf, Houlihan Lokey, Saudi Binladin Group, Rupert Neil Bumfrey, Houlihan Lokey Inc, Saudi Binladin, SBG


Mideast News: Top #Saudi Binladin Executives Leave Amid $15 Billion Debt Revamp - Bloomberg

Mideast News: Top Saudi Binladin Executives Leave Amid $15 Billion Debt Revamp - Bloomberg:Saudi Binladin Group lost two more senior executives, including the head of its biggest business, as the Saudi Arabian construction giant grapples with a crushing debt load of about $15 billion.Majid Al Harthy resigned as chief executive officer of the Jeddah-based company’s construction division and was replaced by Abdulrahman Bajunaid on Aug. 19, according to an internal announcement seen by Bloomberg. B...
Tags: Travel, Jeddah, Saudi Arabian, Saudi Binladin Group, Rupert Neil Bumfrey, Abdulrahman Bajunaid, Binladin International Holding Group, Majid Al Harthy, Bloomberg Bajunaid, Al Harthy, Saad Bin Laden, Ahmed Al Sanea, Khalid Al Gwaiz


STR: Preliminary July Data For Jeddah Hotels

Jeddah's hotel industry reported improved but low performance levels during July 2020, according to preliminary data from STR.
Tags: Travel, Jeddah, Preliminary July Data For Jeddah Hotels


#SaudiArabia's biggest pharmacy firm Nahdi in early talks for IPO: sources - Reuters

Saudi Arabia's biggest pharmacy firm Nahdi in early talks for IPO: sources - Reuters:Saudi Arabia’s Nahdi Medical Co, the largest pharmacy retail chain in the kingdom, is weighing an initial public offering (IPO) and has begun early talks with potential advisors, two sources familiar with the talks told Reuters.Nahdi, founded by Abdullah Amer Al Nahdi in 1986 and is the Saudi equivalent of British health retailer Boots, has a network of more than 1,100 pharmacies. It is 50% owned by Jeddah-based...
Tags: Travel, Saudi Arabia, Jeddah, Reuters, Rupert Neil Bumfrey, Nahdi, Nahdi Medical Co, Reuters Nahdi, Abdullah Amer Al Nahdi, Sedco Holding


Middle East News: #Saudi Binladin Construction Cuts Jobs and Pay - Bloomberg

Middle East News: Saudi Binladin Construction Cuts Jobs and Pay - Bloomberg:Saudi Binladin Group cut jobs and reduced staff salaries as Saudi Arabia’s biggest construction firm navigates the fallout of the coronavirus pandemic.The Jeddah-based conglomerate put thousands of employees on indefinite, unpaid leave as it weighs options to lower costs by as much as 50%, according to people with knowledge of the matter. The group reduced pay by about a third during the holy month of Ramadan to reflect ...
Tags: Travel, Saudi Arabia, Bloomberg, Jeddah, Saudi Binladin Group, Rupert Neil Bumfrey, Binladin, Saudi Binladin Construction Cuts Jobs


STR: Preliminary April data for Jeddah hotels

Because of the continued limitations and concerns around the COVID-19 pandemic, Jeddah's hotel industry reported its lowest overall performance on record, according to preliminary April data from STR. Compared with April 2019:
Tags: Travel, Jeddah


#Dubai imposes two-week lockdown as Gulf states step up coronavirus fight - Reuters

Dubai imposes two-week lockdown as Gulf states step up coronavirus fight - Reuters:Dubai imposed a two-week lockdown Saturday night and Saudi Arabia sealed off parts of the Red Sea city of Jeddah as Gulf states tightened measures in big cities to contain the spread of the coronavirus. FILE PHOTO: Police car patrols Al Ras district, famous for its gold and spice markets, after a full lockdown, following the outbreak of the coronavirus disease (COVID-19), in Dubai, United Arab Emirates, Ma...
Tags: Travel, Saudi Arabia, Wam, United Arab Emirates, Dubai, Jeddah, Gulf, Reuters, Red Sea, DUBAI United Arab Emirates, Interior Ministry, Gulf Cooperation Council GCC, Rupert Neil Bumfrey


2020 ideas for solo female travelers

No mere trend: Solo female travel is here to stay. Women around the world are getting out of their comfort zones to discover the challenges and rewards of planning and executing a trip all on their own. Solo travel encourages confidence, allows you the freedom to do exactly what you want on a trip without having to compromise, grants total immersion in a different environment and culture, and gives you the chance to connect with locals and other travelers. Whether you’re looking to make new f...
Tags: Travel, South Korea, Japan, Mexico, Saudi Arabia, Africa, US, Earth, Unesco, Canada, Santiago, Chile, Hawaii, Morocco, Mexico City, Middle East


STR: Preliminary January data for Jeddah hotels

STR's preliminary January 2020 data for hotels in Jeddah indicates significant growth in demand and occupancy. Based on daily data from the month, Jeddah reported the following in year-over-year comparisons:
Tags: Travel, Jeddah


Taiba inks deal with Hilton for DoubleTree Jeddah King Abdullah Square

Taiba Investments Co. (TDWL: 4090) today announced the signing of DoubleTree by Hilton Jeddah King Abdullah Square Hotel and Suites, marking its 1st hotel in Jeddah, the second largest city in Saudi Arabia.
Tags: Travel, Hilton, Jeddah, DoubleTree, Taiba, DoubleTree Jeddah King Abdullah Square, Taiba Investments Co, Hilton Jeddah King Abdullah Square Hotel


MIDEAST STOCKS-Major Gulf markets subdued, Aramco falls again - Reuters

MIDEAST STOCKS-Major Gulf markets subdued, Aramco falls again - Reuters:All major Gulf markets opened in the red on Tuesday, dampened mainly by financials, while petrochemical shares weighed on Saudi Arabia.The Saudi benchmark index was down 0.2% as Samba Financial Group lost 2.2%, while Saudi Arabian Mining Co dipped 1.4%.Elsewhere, the kingdom’s oil giant Saudi Aramco dropped 0.3% to 35.5 riyals ($9.46). The state-owned firm took a breather in the previous session to snap four straight days of...
Tags: Travel, Saudi Arabia, Jeddah, Gulf, Reuters, Aramco, Saudi Aramco, Saudi Arabian Mining Co, Rupert Neil Bumfrey, Samba Financial Group, However Saudi Industrial Services Company, Red Sea Gateway Terminal


Islamic Development Bank set to raise 1 bln euro in green sukuk - Reuters

Islamic Development Bank set to raise 1 bln euro in green sukuk - Reuters:Jeddah-based Islamic Development Bank is set to raise 1 billion euro ($1.10 billion) through five-year “green” sukuk, or Islamic bonds, a document showed on Wednesday.The triple-A rated financial institution is offering investors 28 basis points over mid-swaps for the debt sale.Green bonds are a growing category of fixed-income securities, and green sukuk could widen the appeal of Islamic bonds beyond traditional markets i...
Tags: Travel, Asia, Middle East, Jeddah, Reuters, Islamic Development Bank, Rupert Neil Bumfrey


Saudi Arabia as a Travel Destination – Should you Visit Saudi Arabia?

Saudi Arabia is in a transition of change as they now have opened their doors to foreign tourists visiting. You only have to look at a number of major sporting events that are now taking place in the country, such as the upcoming heavyweight rematch fight between Anthony Joshua and Andy Ruiz. The former champion has continued to prove a popular selection on the run-up to the event with punters using the PA lottery bonus code. So will it be the same result? Or can Joshua win his belts back? It ha...
Tags: Travel, Saudi Arabia, Middle East, Anthony Joshua, Family Travel, Jeddah, Joshua, Nabataean, Andy Ruiz, Mada'in Saleh, Asir Mountains, Rijal


MIDEAST STOCKS- #AbuDhabi outperforms on FAB, #Saudi ends losing streak - Reuters

MIDEAST STOCKS-Abu Dhabi outperforms on FAB, Saudi ends losing streak - Reuters:Abu Dhabi stocks rebounded on Wednesday,outperforming regional peers after a surge in First Abu DhabiBank, while Saudi snapped a three-day losing streak on corporateearnings announcements.The Abu Dhabi index bounced back 1.9% after it lost1.2% in the previous session, with market heavyweight First AbuDhabi Bank (FAB) surging 3.4%.The largest lender in the United Arab Emirates saw itsbiggest intraday gain since July, ...
Tags: Travel, United Arab Emirates, Abu Dhabi, Jeddah, Reuters, Rupert Neil Bumfrey, First AbuDhabi Bank FAB, Saudi s Al Khobar Another


Oil prices jumps 2% after Iranian oil tanker explosion raises supply concerns - Reuters

Oil prices jumps 2% after Iranian oil tanker explosion raises supply concerns - Reuters:Oil prices jumped by 2% on Friday after Iranian news agencies said a state-owned oil tanker was struck by two missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions from a crucial producing region.Iranian state TV reported that the oil tanker Sinopa, owned by the National Iranian Oil Co, was struck offshore the Saudi Arabian city of Jeddah. The ship suffered heavy damage and was...
Tags: Travel, Saudi Arabia, Iran, Jeddah, Reuters, Red Sea, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, National Iranian Oil Co


#Iran oil tanker hit by two missiles off Saudi coast: Iranian state media - Reuters

Iran oil tanker hit by two missiles off Saudi coast: Iranian state media - Reuters:An Iranian-owned oil tanker was hit by two missiles in the Red Sea off Saudi Arabia’s coast on Friday, Iran’s state television reported, quoting the National Iranian Oil Company (NIOC) which owns the vessel.The Sabiti, which was set ablaze, suffered heavy damage and had leaked oil after it was struck in the morning about 60 miles (96 km) from the Saudi port of Jeddah, Iranian media reported. State-run IRNA agency ...
Tags: Travel, Saudi Arabia, Iran, Jeddah, Gulf, Reuters, Red Sea, IRNA, National Iranian Oil Company NIOC, Rupert Neil Bumfrey


Rothschild, Moelis Compete for $15 Billion Binladin Debt Revamp - Bloomberg

Rothschild, Moelis Compete for $15 Billion Binladin Debt Revamp - Bloomberg:Rothschild & Co. and Moelis & Co. have been shortlisted to advise on restructuring about $15 billion of debt at Saudi Arabia’s biggest construction firm, according to people with knowledge of the matter.The boutique banks made pitches to Saudi Binladin Group last month for what would be one of the Middle East’s biggest debt revamps, the people said, asking not to be identified because the matter is private. Ken Moelis, t...
Tags: Travel, Saudi Arabia, Middle East, Jeddah, Goldman Sachs Group Inc, Moelis Co, Saudi Binladin Group, Rupert Neil Bumfrey, Binladin, Ken Moelis, Rothschild Co


#UAE energy minister says oil stocks building up, OPEC job not done | ZAWYA MENA Edition

UAE energy minister says oil stocks building up, OPEC job not done | ZAWYA MENA Edition:United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday that global oil inventories are still building up particularly in the United States, and that the job by OPEC and its allies to balance the oil market is not complete yet.Mazrouei told reporters in Jeddah that conformity with the oil supply cuts are "excellent" and that he was happy with the UAE's compliance level.He was speaking ahead o...
Tags: Travel, Saudi Arabia, Russia, Opec, United States, Uae, Jeddah, United Arab Emirates Energy, Suhail Al Mazrouei, Rupert Neil Bumfrey, Mazrouei


Libya's NOC chief says instability could lead to 95% oil production loss - Reuters

Libya's NOC chief says instability could lead to 95% oil production loss - Reuters:Libya’s National Oil Corporation (NOC) chief said on Saturday continued instability in Libya could make it lose 95% of its oil production.“Unfortunately if the situation will continue like this I’m afraid that maybe 95% of production will be lost,” Mustafa Sanalla told reporters in Jeddah ahead of a ministerial panel gathering on Sunday of top OPEC and non-OPEC producers. Sanalla said an attack had happened near Z...
Tags: Travel, Opec, Libya, Jeddah, Reuters, National Oil Corporation NOC, NOC, Mustafa Sanalla, Sanalla, Zella, Rupert Neil Bumfrey


Exclusive: #Saudi's Falih says sees no oil shortage, but OPEC to act if needed - Reuters

Exclusive: Saudi's Falih says sees no oil shortage, but OPEC to act if needed - Reuters:Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market’s needs.Speaking in Jeddah ahead of a ministerial panel gathering on Sunday of top OPEC and non-OPEC producers, including Saudi Arabia and Russia, Falih told Reuters OPEC will not decide...
Tags: Travel, Saudi Arabia, Russia, Opec, United States, Jeddah, Reuters, Reuters OPEC, Khalid al Falih, Rupert Neil Bumfrey, Falih


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


Woman Asks Plane to Turn Around When She Realizes She Forgot Her Baby at the Airport

Saturday’s Saudia flight SV832 from Jeddah to Kuala Lumpur turned back to the gate because a woman on board forgot her baby at the gate and insisted the plane return. Since communications between a commercial airliner and the ground are available, it’s worth a listen to this exchange. The pilot asks, “May God be with us. Can we come back or what?” Continue reading Woman Asks Plane to Turn Around When She Realizes She Forgot Her Baby at the Airport...
Tags: Travel, Advice, Kuala Lumpur, Jeddah


Saudi Arabia tourist visa and sights

Last year, the Kingdom of Saudi Arabia began issuing tourist visas for the first time in its history. Previously, only those traveling to Saudi Arabia for work or Muslim pilgrims were permitted to enter the country. Now, the new system promotes the Sharek visa, available to citizens from the US, the Schengen Zone, Australia, Japan, South Korea, South Africa, Brunei, Malaysia, Taiwan, and Singapore, with more countries to be added to this list in the future. Under the Sharek visa system, vi...
Tags: Travel, Google, Saudi Arabia, Singapore, US, World, Unesco, Time Magazine, Mecca, Chris, Medina, Petra, Jeddah, Ksa, All, Scuba


#Saudi-Ethiopian tycoon Amoudi freed from detention | Reuters

Saudi-Ethiopian tycoon Amoudi freed from detention | Reuters:Saudi-Ethiopian businessman Mohammed Hussein al-Amoudi, arrested more than 14 months ago in a crackdown on corruption, has been released from detention in Saudi Arabia, two Saudi sources and Ethiopian state television said on Sunday.“He was released today and is heading to Jeddah,” one of the sources told Reuters.Ethiopian Television cited Arega Yirdaw, chief executive of Al Amoudi’s MIDROC Technology Group, as its source. [Author: ...
Tags: Travel, Saudi Arabia, Jeddah, Reuters, al Amoudi, Rupert Neil Bumfrey, Amoudi, Mohammed Hussein al Amoudi, Reuters Ethiopian Television, Arega Yirdaw, MIDROC Technology Group


Bakr bin Laden temporarily released from #Saudi detention: sources | Reuters

Bakr bin Laden temporarily released from Saudi detention: sources | Reuters:Bakr bin Laden, former chairman of construction giant Saudi Binladin Group, has been temporarily released nearly 15 months after his arrest in Saudi Arabia’s anti-corruption campaign, three sources with knowledge of the matter said on Thursday.The sources said he was taken from Riyadh’s Ha’ir prison on Wednesday and then flown to the western city of Jeddah to attend a close relative’s funeral. He is expected to return to...
Tags: Travel, Saudi Arabia, Jeddah, Reuters, Riyadh, Saudi Binladin Group, Rupert Neil Bumfrey, Bakr bin Laden



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