Travel


Posts filtered by tags: Middle East[x]


 

Bloomberg Green: The Gulf's Clean Energy Turnaround - Bloomberg video

Bloomberg Green: The Gulf's Clean Energy Turnaround - Bloomberg Oil transformed the Middle East, but now Gulf countries are under pressure to leave hydrocarbons behind. With fresh net zero targets announced in the run up to COP26, we hear from Saudi Arabia's energy minister Prince Abdulaziz bin Salman and Mariam Almheiri, the UAE's climate minister. One solution for the region could be the new futuristic megacity Neom: we near from the man making it happen, CEO Nadhmi Al-Nasr. Plus, we look ...
Tags: Travel, Saudi Arabia, Middle East, Uae, Gulf, Rupert Neil Bumfrey, Prince Abdulaziz Bin Salman, Nadhmi Al Nasr, Mariam Almheiri, Clean Energy Turnaround Bloomberg, Clean Energy Turnaround Bloomberg Oil


#Saudi Stock Exchange Sets IPO Offer Price at Top End of Range - Bloomberg

Saudi Stock Exchange Sets IPO Offer Price at Top End of Range - Bloomberg Saudi Tadawul Group Holding set the final price of its initial public offering at the top end of the range, giving the Riyadh-based bourse a valuation of 12.6 billion riyals ($3.4 billion).Tadawul, as the exchange is known, set the price at 105 riyals per share after an institutional book-building process, according to a statement. The coverage ratio amounted to 121% of total shares on offer.At that price, the share sale...
Tags: Travel, Saudi Arabia, Middle East, Riyadh, Tadawul, Rupert Neil Bumfrey, Public Investment Fund, Acwa Power International, Saudi Telecom Co


Virus Variant Sends Mideast Stocks Into Nosedive After Oil Slump - Bloomberg

Virus Variant Sends Mideast Stocks Into Nosedive After Oil Slump - BloombergMiddle East stocks are taking their cue from last week’s global sell-off as the emergence of a worrying new coronavirus variant reverberates through markets, sending every major index into retreat.Dubai’s benchmark gauge dropped the most, tumbling 4.6% as of 12:54 p.m. local time, its sharpest loss since March 2020. Saudi Arabia’s main index fell 3.2%, the most since October 2020. There were declines in Israel, Egypt, Jo...
Tags: Travel, Saudi Arabia, Israel, Bloomberg, South Africa, Middle East, Dubai, Abu Dhabi, Uae, Gulf, North Africa, Bloomberg TV, Rupert Neil Bumfrey, Emaar Properties PJSC, DFM, Shuaa Capital PSC


#Saudi Prince’s ‘Neom’ to Expand Port to Rival Region’s Biggest - Bloomberg

Saudi Prince’s ‘Neom’ to Expand Port to Rival Region’s Biggest - BloombergSaudi Arabia’s high-tech “Neom” mega-project plans to expand a tiny local port into a trade and manufacturing hub near the Suez Canal that officials say will compete with the biggest facilities in the Middle East.The proposal is the latest eye-catching announcement by Neom, with progress on the ground so far limited to earthworks. About 12% of global trade flows through the Suez Canal.The port will anchor an industrial cit...
Tags: Travel, Iraq, Middle East, Dubai, Jordan, Gulf, Suez Canal, Red Sea, Jebel Ali, Rupert Neil Bumfrey, NEOM, Dhiba, Rival Region, Biggest Bloomberg, Rival Region 's Biggest BloombergSaudi Arabia, Suez Canal The port


#Dubai Gets Its Way As Business Trumps Regional Strife - Bloomberg #UAE

Dubai Gets Its Way As Business Trumps Regional Strife - BloombergFatma Emrem’s phone has been ringing non-stop since the United Arab Emirates and Turkey repaired ties. A partner at Tamim Consulting, Emrem advises mostly Turkish companies setting up in the UAE commercial capital, Dubai. “Their main question is how confident should we be that good relations will continue,” she said. “They’re encouraged by recent reforms and lower company setup costs but they want to be sure politics won’t disrupt...
Tags: Travel, Turkey, Middle East, United Arab Emirates, Dubai, Uae, Rupert Neil Bumfrey, Bloomberg UAE, BloombergFatma Emrem, Tamim Consulting Emrem


#UAE Sets Up $10 Billion Fund to Support #Turkey as Ties Warm - Bloomberg

UAE Sets Up $10 Billion Fund to Support Turkey as Ties Warm - Bloomberg The United Arab Emirates outlined plans to launch a $10 billion fund to support investments in Turkey as the countries signed a string of accords Wednesday during one of the highest-level visits in years between the old Middle East foes.The fund will focus on strategic sectors such as energy, food and healthcare, the UAE’s state-run WAM news agency reported. The UAE, a small but influential Persian Gulf oil-and-business po...
Tags: Travel, Wam, Turkey, Middle East, United Arab Emirates, Recep Tayyip Erdogan, Istanbul, Uae, Ankara, Persian Gulf, Mohammed bin Zayed Al Nahyan, Rupert Neil Bumfrey, Support Turkey


#UAE, #Turkey to Sign Financial Cooperation Deals as Ties Warm - Bloomberg

UAE, Turkey to Sign Financial Cooperation Deals as Ties Warm - BloombergTurkey and the United Arab Emirates will sign cooperation pacts for their wealth funds and stock exchanges during one of the highest-level visits in years between the old Middle East foes. UAE de facto ruler Sheikh Mohammed Bin Zayed Al Nahyan was received in Ankara by President Recep Tayyip Erdogan who is facing turmoil in currency markets and fading popularity ahead of 2023 elections.Abu Dhabi’s sovereign wealth fund ADQ ...
Tags: Travel, Turkey, Middle East, United Arab Emirates, Recep Tayyip Erdogan, Abu Dhabi, Ankara, Mohammed bin Zayed Al Nahyan, Rupert Neil Bumfrey, UAE Turkey


#UAE is building 'first green hydrogen plant' in M.East - minister | Reuters

UAE is building 'first green hydrogen plant' in M.East - minister | ReutersThe United Arab Emirates has started building "the first green hydrogen plant in the Middle East" and testing is currently underway, Energy Minister Suhail Al-Mazrouei said on Tuesday.The minister, who was speaking at a private business event at the Expo 2020 world fair in Dubai, gave no further details about the plans.So-called green hydrogen, created by splitting water into its two components using electricity from rene...
Tags: Travel, Energy, Wam, India, Middle East, Dubai, Uae, Reuters, Suhail Al Mazrouei, Rupert Neil Bumfrey, ReutersThe United Arab Emirates, Japan South Korea Germany


Valor Hospitality Partners Announces Joint Venture with Moroccan Real Estate Operator, Yamed Group

Valor Hospitality Partners, a global, full-service hotel acquisition, development, management and asset management company, announced today their joint venture, Valor Hospitality North and West Africa (NWA), in partnership with industry leading real estate asset manager, investor, and operator, Yamed Group. This joint venture highlights the pairs’ ambition to be the leader in hotel investment and management through Morocco, Tunisia, Egypt, Senegal and Ivory Coast.The new partnership utili...
Tags: Travel, Africa, Morocco, Middle East, West Africa, North, Ivory Coast, Valor Hospitality Partners, Euan McGlashan, Valor Hospitality Partners Announces Joint Venture, Moroccan Real Estate Operator Yamed Group, Valor Hospitality North and West Africa NWA, Yamed Group, Morocco Tunisia Egypt Senegal, Europe Sub Saharan, Valor Hospitality NWA


OPEC+ Considers Production Changes If Strategic Reserves Are Tapped - Bloomberg

OPEC+ Considers Production Changes If Strategic Reserves Are Tapped - Bloomberg OPEC+ officials warned they’re likely to respond to plans by the world’s largest oil consumers to release oil from their strategic stockpiles, setting up a fight for control of the global energy market.President Joe Biden is set to announce a plan to release reserves from the Strategic Petroleum Reserve on Tuesday in tandem with China, India, Japan and South Korea, according to officials briefed on the matter. ...
Tags: Travel, South Korea, Washington, Saudi Arabia, Russia, Opec, Bloomberg, Joe Biden, Middle East, Riyadh, Strategic Petroleum Reserve, Rupert Neil Bumfrey, China India Japan, Bloomberg OPEC


Hoteliers, Investors Debate Viability of New Hotel Development in Middle East

As hotel markets in the Middle East continue to mature, hoteliers and investors argue the key consideration in whether to develop in the region should be the profitability of existing hotels — not necessarily the current supply and not predictions for occupancy.
Tags: Travel, Middle East


#Saudi Stock Exchange Seeks to Raise Up to $1 Billion in IPO - Bloomberg

Saudi Stock Exchange Seeks to Raise Up to $1 Billion in IPO - Bloomberg Click here for link to IPO information Saudi Arabia is keeping the home fires burning for regional public offerings, readying what could be the biggest sale of shares by a stock-exchange operator since Euronext NV. Saudi Tadawul Group Holding is seeking to raise as much as $1 billion after setting the price range for an initial public offering at 95 riyals ($25.32) to 105 riyals per share, the company said in a s...
Tags: Travel, Saudi Arabia, Middle East, Dubai, Riyadh, Saudi Aramco, Tadawul, Saudi stock exchange, Rupert Neil Bumfrey, Acwa Power International, IPO Bloomberg, Saudi Telecom Co, Junaid Farooq, IPO Bloomberg Click, Euronext NV Saudi Tadawul Group Holding, Neighboring Abu Dhabi


IT Hospitality partners with Virdee across Africa

We’re excited to partner with IT Hospitality Group to expand Virdee’s reach to the Middle East and Africa and help IT Hospitality expand their portfolio. As a result, we are together able to provide clients with an all-in-one guest experience solution along with local support and knowhow.” said Nadav Cornberg, Co-Founder at Virdee
Tags: Travel, Africa, Middle East, Virdee, IT Hospitality, IT Hospitality Group, Nadav Cornberg Co Founder


Saudi Arabia and the U.A.E. Lead the Middle East Hotel Construction Pipeline at Q3‘21

According to the Q3 2021 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, the hotel construction pipeline in the region stands at 545 projects/168,042 rooms. While the number of total pipeline projects has increased over the previous quarter, project counts are down 6% and room counts are down 19% year-over-year (YOY).
Tags: Travel, Saudi Arabia, Middle East, Hotel Construction Pipeline


Airbus jet demand hopes bolstered by #Dubai orders -CEO | Reuters

Airbus jet demand hopes bolstered by Dubai orders -CEO | ReutersA slew of plane orders at this week's Dubai Airshow has added weight to Airbus' hopes of raising output, but the jetmaker is not yet ready to pull the trigger, its top executive said.Airbus SE (AIR.PA) bagged 265 firm orders at the Middle East event, closing a gap with Boeing (BA.N) which had been leading this year as sales of its 737 MAX rebound from a safety crisis.A further 139 provisional orders lifted Airbus' Dubai tally above ...
Tags: Travel, Middle East, Dubai, Airbus, Boeing, Reuters, Guillaume Faury, Dubai Airshow, Rupert Neil Bumfrey, Airbus SE AIR PA, Airbus Dubai


U.S. Treasury official says #UAE bank communication needed to curb security risks | Reuters

U.S. Treasury official says UAE bank communication needed to curb security risks | Reuters Deputy U.S. Treasury Secretary Wally Adeyemo told banking executives in the United Arab Emirates that it was critically important for them to maintain "open communication" on security risks such as money laundering and illicit finance, the Treasury said on Tuesday.Adeyemo, who is on a trip to the Middle East to discuss economic and national security priorities, discussed the financial sector's role in co...
Tags: Travel, US, Middle East, United Arab Emirates, Treasury, Uae, Reuters, U S Treasury, Rupert Neil Bumfrey, Adeyemo, Wally Adeyemo, Reuters Deputy U S Treasury


Emirates will soon fly the world's largest twin-engine cargo plane in a landmark deal with an Israeli company

Israel Aerospace Industries' Boeing 777-300ER "Big Twin" cargo plane.Israel Aerospace Industries Emirates will convert four of its Boeing 777-300ER aircraft into cargo freighters. Israel Aerospace Industries is tasked with the conversions and is currently developing the first Boeing 777-300 Special Freighter. Cargo airlines have been clamoring for more aircraft as the supply chain and shipping crises continue.  Emirates is the latest customer for the soon-to-be largest twin-engine cargo ...
Tags: Travel, Amazon, Transportation, UK, London, News, Air Travel, Planes, Israel, Trends, Features, Flying, Canada, Middle East, Arizona, Emirates


Deutsche Bank, #UAE's FAB execute Middle East's first green repo transaction | ZAWYA MENA Edition

Deutsche Bank, UAE's FAB execute Middle East's first green repo transaction | ZAWYA MENA Edition First Abu Dhabi Bank (FAB), the UAE's largest bank, has executed the first green repurchasing (repo) transaction in the Middle East, structured with Deutsche Bank.A repurchase agreement (repo) is collateralised borrowing undertaken by a bank as part of interbank financing.Under this agreement, FAB received EM Eurobonds collateral from Deutsche Bank and provided US dollar financing in exchange, acco...


#Saudi Telecom Co. to Invest $400 Million Expanding Data Centers - Bloomberg

Saudi Telecom Co. to Invest $400 Million Expanding Data Centers - Bloomberg Saudi Telecom Co., the biggest telecommunications company in the Middle East, will invest 1.5 billion riyals ($400 million) to build the largest cloud-enabled data center in the region as the oil rich-kingdom seeks to become a center for digitalization, according to a spokesman for the company.STC, as the firm is known, is implementing the third phase of its data-center program with a facility that has an allocated lan...
Tags: Travel, Middle East, Mena, Riyadh, STC, Rupert Neil Bumfrey, Saudi Telecom Co, Million Expanding Data Centers Bloomberg, Haithem Alfaraj


Emaar Posts Record Sales as #Dubai Property Market Rebounds - Bloomberg

Emaar Posts Record Sales as Dubai Property Market Rebounds - Bloomberg The dramatic recovery in Dubai’s property market has helped its biggest property developer to report its highest-ever sales.Emaar Properties PJSC posted real estate sales of 26 billion dirhams ($7.2 billion) in the first nine months of the year -- three times the sales for the year-ago period. Sales in its Dubai home market were five times the 2020 figures.Average home prices in Dubai are rising at the fastest pace since Fe...
Tags: Travel, Middle East, Dubai, Emaar, Rupert Neil Bumfrey, Emaar Properties PJSC, CBRE Group Inc Dubai, Dubai Property Market Rebounds Bloomberg


#Dubai Tees Up Next IPO - Bloomberg video

Dubai Tees Up Next IPO - Bloomberg Mohammed Ali Yasin, Chief Strategy Officer at Al Dhabi Capital, discusses the latest Dubai-based company set to IPO on the exchange, Salik, the Gulf-emirate's automatic road toll collection system. Yasin sees the company as a dividend-yielding stock for potential investors. He speaks with Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East." [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Middle East, Dubai, Gulf, Salik, Yasin, Rupert Neil Bumfrey, Bloomberg Daybreak, Mohammed Ali Yasin, Yousef Gamal El Din, Al Dhabi Capital


#Dubai ruler says UAE to host COP28 climate conference in 2023 | Reuters

Dubai ruler says UAE to host COP28 climate conference in 2023 | Reuters The ruler of Dubai said in a tweet on Thursday the United Arab Emirates (UAE) has been selected to host the COP28 international climate conference in 2023."We will put all our capabilities to make the conference a success. The UAE will remain committed to global climate action to protect the planet," said Sheikh Mohammed bin Rashid al-Maktoum, who also serves as prime minister of the UAE.It will be the second time in as ma...
Tags: Travel, Indonesia, China, Qatar, United States, Egypt, Middle East, Dubai, Uae, Reuters, Mohammed bin Rashid Al Maktoum, United Arab Emirates UAE, Glasgow Scotland, Rupert Neil Bumfrey, Mohammed Almheiri


Billionaire Sawiris Wouldn’t Buy Oversupplied #Dubai Property - Bloomberg

Billionaire Sawiris Wouldn’t Buy Oversupplied Dubai Property - Bloomberg Egyptian billionaire Naguib Sawiris wouldn’t buy real estate in Dubai as the city’s supply glut continues to hold back prices. “There is a problem in Dubai,” Sawiris said in a Bloomberg TV interview. “People don’t stop building at all, I mean they keep on building so you don’t take a breath to allow the market to appreciate.” An imbalance between supply and demand in the Middle East’s business hub has led prices to drop ...


Surat has got international airport status

Finally, Surtis will be able to take flights for international destinations from the city airport in the next couple of months. The central government has granted customs notification for the Surat airport. According to the notification issued on June 8, the Central Board of Indirect Taxes and Customs has notified it as customs airport through its notification under Section 7 of the Customs Act, 1962. Recently, deputy chief minister Nitin Patel had earmarked Rs 1 crore for settin...
Tags: Travel, Business, News, Middle East, Dubai, Airport, Gujarat, South East Asia, RTI, Surat, Sundar, Airport Authority of India AAI, Gujarat Government, CBEC, Air India Express, Nitin Patel


Taiwan muslim friendly Hotel Valletta impressed Taiwan Tourism Bureau Singapore Office Middle East Trade buyers

Hotel Valletta in Jiaoxi, Taiwan is a stunning new luxury hotspring hotel featuring Sky garden spa suites, in-room hotspring bath and hotel spa pool, with muslim friendly hotel facilities, Halal certified meal selection, separate Halal kitchen and dining area for its muslim hotel guests. Taiwan Tourism Bureau Middle East trade buyers from Dubai and Bahrain stayed at Hotel Valletta on the [Author: Beauty Runway]
Tags: Travel, Shopping, Taiwan, Woman, Tourism, Middle East, Dubai, Hotel, Men, Bahrain, Beauty Runway, Taiwan Tourism Bureau, Hotel Valletta, Jiaoxi Taiwan


Air Arabia swings to profit as travel demand improves

Air Arabia swings to profit as travel demand improves Middle East budget airline Air Arabia swung to a profit in the third quarter as passenger traffic more than doubled across its five bases amid a gradual recovery in air travel from the Covid-19 pandemic.Net profit for the three-month period to the end of September stood at Dh209 million ($57m), compared with a loss of Dh44.1m in the same period a year ago that was affected by pandemic-triggered travel restrictions, Air Arabia said on Wednes...
Tags: Travel, Pakistan, Middle East, Sharjah, Air Arabia, Rupert Neil Bumfrey, Abdullah Bin Mohamed al Thani, Abu Dhabi Armenia


#Saudi index leads most Gulf bourses higher | Reuters

Most stock markets in the Gulf ended higher on Wednesday, with the Saudi index rising for fourth session in five, while a blue-chip sell-off weighed on Egypt.Saudi Arabia's benchmark index (.TASI) advanced 0.9%, with Al Rajhi Bank (1120.SE) and Saudi National Bank (1180.SE) gaining 1.4% and 3% respectively.Saudi Arabia sold $3.25 billion in dual-tranche bonds on Tuesday comprising a sukuk tranche and a conventional portion in its third international bond sale of the year, a term sheet viewed...
Tags: Travel, Saudi Arabia, Wam, Bloomberg, Egypt, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Egypt Saudi Arabia, Tasi, Rupert Neil Bumfrey, Industries Qatar


#Qatar Foundation Among 'New Breed' of Climate Investors - Bloomberg video

Qatar Foundation Among 'New Breed' of Climate Investors - Bloomberg Qatar's leading philanthropy is teaming up with Rolls Royce to accelerate development of climate tech startups, in what could be a new model for the non-profit sector to back innovation in such technology. Qatar Foundation International CEO Omran Al Kuwari spoke to Bloomberg's Simone Foxman for "Bloomberg Daybreak: Middle East." [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Qatar, Bloomberg, Middle East, Rupert Neil Bumfrey, Bloomberg Daybreak, Simone Foxman, Bloomberg Qatar, Qatar Foundation International, Omran Al Kuwari


#AbuDhabi's ADNOC Drilling reports rise of almost 50% in Q3 profit | Reuters

Abu Dhabi's ADNOC Drilling reports rise of almost 50% in Q3 profit | Reuters ADNOC Drilling (ADNOCDRILL.AD) posted a rise of almost 50% in third-quarter profit on Wednesday, driven by new rigs and reactivation of others this year, in addition to an increase in oilfield services.The unit of Abu Dhabi National Oil Company, which went public last month, made a profit of $178.4 million in the three months ending Sept. 30, up from $119.5 in the corresponding period a year ago, it said in a statemen...
Tags: Travel, Middle East, Abu Dhabi, Reuters, ADNOC, Rupert Neil Bumfrey, Abudhabi, Abu Dhabi National Oil Company, ADNOC Drilling, Reuters ADNOC Drilling ADNOCDRILL


Middle East Q3 2021 Hotel Performance Update

Several countries in the Middle East have been racing ahead of the rest of the world in vaccination rollout. The United Arab Emirates is a prime example with more than 86% of its population fully vaccinated as of 25 October 2021, according to Our World in Data.
Tags: Travel, Middle East, United Arab Emirates



Filters
show more filters
September - 2021
MoTuWeThFrSaSu
  12345
6789101112
13141516171819
20212223242526
27282930   
October - 2021
MoTuWeThFrSaSu
    123
45678910
11121314151617
18192021222324
25262728293031
November - 2021
MoTuWeThFrSaSu
1234567
891011121314
15161718192021
22232425262728
2930