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Posts filtered by tags: Middle East[x]


 

#Dubai Moves to Shield Prized Emirates Airline From Virus Fallout - Bloomberg video

Dubai Moves to Shield Prized Emirates Airline From Virus Fallout - Bloomberg:The coronavirus has forced state-owned airline Emirates to suspend operations. The Dubai government is quickly swooping in to protect its most important growth engine. Bloomberg’s Layan Odeh reports on “Bloomberg Daybreak: Middle East.” (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Bloomberg, Middle East, Emirates, Dubai, Rupert Neil Bumfrey, Bloomberg Daybreak, Layan Odeh


#UAE's Fujairah oil storage tanks at full capacity- industry, trade sources | ZAWYA MENA Edition

UAE's Fujairah oil storage tanks at full capacity- industry, trade sources | ZAWYA MENA Edition:Storage tanks in the United Arab Emirates' Fujairah, a key bunkering and oil hub in the Middle East, have reached their full capacity for both crude and oil products, three industry and trading sources told Reuters on Wednesday.Located on the east coast of the UAE at the entrance to the Strait of Hormuz, Fujairah is one of two major ports in the region along with Oman’s Sohar and is a busy refueling p...
Tags: Travel, Middle East, Oman, Uae, Reuters, Strait, Sohar, Rupert Neil Bumfrey, United Arab Emirates Fujairah, Hormuz Fujairah


#UAE News: NMC Health Owes #AbuDhabi Commercial Bank $1 Billion - Bloomberg

UAE News: NMC Health Owes Abu Dhabi Commercial Bank $1 Billion - Bloomberg:Abu Dhabi Commercial Bank PJSC has more than $1 billion of exposure to troubled hospital operator NMC Health Plc, potentially putting one of the Middle East’s biggest financial institutions on the hook for losses on the debt, people familiar with the matter said. The state-owned lender is currently seen as one of the biggest creditors to NMC, according to the people, who asked not to be identified because the information ...
Tags: Travel, Middle East, Abu Dhabi, NMC, Abu Dhabi Commercial Bank, Standard Chartered Plc, Rupert Neil Bumfrey, Billion Bloomberg, NMC Health Plc, Abu Dhabi Commercial Bank PJSC, UAE News, NMC Health Owes AbuDhabi Commercial Bank, NMC Health Owes Abu Dhabi Commercial Bank, HSBC Holdings Plc JPMorgan Chase Co


MIDEAST STOCKS-Weak oil, fears of prolonged lockdowns weigh on Mideast | Nasdaq

MIDEAST STOCKS-Weak oil, fears of prolonged lockdowns weigh on Mideast | Nasdaq:Most bourses in the Middle East fell on Monday, weakened by a combination of lower oil prices and intensified fears that the global coronavirus shutdown could last for months.Brent crude LCOc1, the international benchmark for oil prices, was down $1.92, or 7.7%, at $23.01 by 1027 GMT, after earlier dropping to $22.58, the lowest since November 2002.In Abu Dhabi, the index .ADI sank 3.5%, with its top lender First Abu...
Tags: Travel, Qatar, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Mideast, Qatar National Bank, Emaar, Rupert Neil Bumfrey, First Abu Dhabi Bank, Dubai Islamic Bank DISB DU, Etisalat ETISALAT, Qatar Islamic Bank QISB


is my body keeping score? personal insights (plus brain dump) after reading the book by bessel van der kolk

When I wrote my beyond-rave review of The Body Keeps the Score: Brain, Mind, and Body in the Healing of Trauma, by Bessel van der Kolk, I purposely omitted some personal reaction and connections I had to the book. Here they are.Moving forward with my own healingOn the list of physical issues that can result from trauma, fibromyalgia is one of the most common -- along with depression, anxiety, stomach issues, and chronic fatigue. I've long ignored the connection between my past experiences and fi...
Tags: Travel, Greece, Sexual Assault, France, Oregon, Iraq, Personal, Mental Health, Ptsd, Afghanistan, Middle East, Emdr, Ontario, McFarlane, Department of Defence, CBT


#Qatar Airways CEO says will keep flying but warns cash is running out - Reuters

Qatar Airways CEO says will keep flying but warns cash is running out - Reuters:Qatar Airways will continue to operate flights as long as necessary to get stranded travelers home, Chief Executive Akbar al-Baker told Reuters on Sunday, but warned that the carrier could soon run out of cash.“We have enough cash to take us through a very short period of time,” he said in a phone interview.He said the airline would eventually have to seek support from its owner, the Qatar government.The Middle East ...
Tags: Travel, Qatar, Middle East, Baker, Reuters, Qatar Airways, Rupert Neil Bumfrey


Oil-rich wealth funds seen shedding upto $225 billion in stocks - Reuters

Oil-rich wealth funds seen shedding upto $225 billion in stocks - Reuters:Sovereign wealth funds from oil-producing countries mainly in the Middle East and Africa are on course to dump up to $225 billion in equities, a senior banker estimates, as plummeting oil prices and the coronavirus pandemic hit state finances.The rapid spread of the virus has ravaged the global economy, sending markets into a tailspin and costing both oil and non-oil based sovereign wealth funds around $1 trillion in equit...
Tags: Travel, Africa, Middle East, Reuters, Jpmorgan, Rupert Neil Bumfrey, Sovereign Wealth Fund Institute


MIDEAST STOCKS-Stocks in Middle East fall on coronavirus impact - Reuters

MIDEAST STOCKS-Stocks in Middle East fall on coronavirus impact - Reuters:Middle Eastern stocks declined on Sunday in early trade, as the economies across the globe remained pressured from the coronavirus outbreak as the cases continued to surge.More than 615,600 people have been infected by the coronavirus across the world and 28,316 have died, according to a Reuters tally.In Qatar, which on Saturday recorded its first death from the coronavirus, the index lost 1.3%, dragged down by a 2.8% fall...
Tags: Travel, Qatar, Middle East, Middle Eastern, Reuters, Qatar National Bank, Rupert Neil Bumfrey, Qatar The Gulf


#Dubai braces for financial hit as coronavirus batters vital tourism - Reuters

Dubai braces for financial hit as coronavirus batters vital tourism - Reuters:The sundecks on Dubai’s beaches lie empty, and red flags warn visitors away from the waterfront to protect the Middle East’s tourism hub against coronavirus. Aerial view of the Sheikh Zayed Road, following the outbreak of coronavirus disease (COVID-19), in Dubai, United Arab Emirates, March 26, 2020. REUTERS/Satish Kumar The infection is starting to deliver a painful blow to Dubai, one of the most visited c...
Tags: Travel, Middle East, Dubai, Reuters, DUBAI United Arab Emirates, Rupert Neil Bumfrey, Satish Kumar


Kool Kuwait

Kuwait reminds people of Gulf war and hot desert. Indeed that was my impression but it all changed.It was my first time in the Middle East. I took courage as I packed my personal belongings to take up a new assignment on my own in Kuwait
Tags: Travel, Middle East, Kuwait, Gulf


Survival of the Fittest: Mideast airlines brace for Covid-19 impact - Arabianbusiness

Survival of the Fittest: Mideast airlines brace for Covid-19 impact - Arabianbusiness:As coronavirus grounds airlines, plunging the industry into unprecedented crisis, Middle East carriers that have been in the red for years must urgently tap assistance from governments facing their own revenue slump. Authorities across the region have taken draconian measures to curb the disease, closing airports and halting passenger flights, and bringing major hubs like Dubai and Abu Dhabi to a standstill.The...
Tags: Travel, Middle East, Dubai, Abu Dhabi, Mideast, IATA, International Air Transport Association IATA, Rupert Neil Bumfrey, Alexandre de Juniac, Arab Air Carriers ' Organization AACO


COVID-19 webinar summary: 5 key points on the Middle East and Africa (25 March)

As the impact of COVID-19 continues to affect hotel performance across the globe, the Middle East and Africa are no exception. At the time of writing, 52 hotel closures have been officially reported in the Middle East in addition to more than 1,200 in Africa. This is low, however, when compared to the just under 40,000 closings in Europe.
Tags: Travel, Africa, Middle East, COVID


Oil Shock Unmasks Fragile Mideast Trio With Bahrain Most Exposed - Bloomberg

Oil Shock Unmasks Fragile Mideast Trio With Bahrain Most Exposed - Bloomberg:The collapse in oil prices is exposing a divide between Arab energy producers, with Bahrain the most vulnerable to the shockwaves rippling through the market amid the coronavirus outbreak, according to Bloomberg Economics.Bahrain, Oman, Iraq, as well as Iran, are the weakest when measured by a set of five criteria ranging from international reserves and public debt to the price of oil needed to balance the current accou...
Tags: Travel, Qatar, Bloomberg, Iran, Middle East, Dubai, Bahrain, Kuwait, United Arab Emirates Saudi Arabia, Rupert Neil Bumfrey, Ziad Daoud Bloomberg, Bloomberg Economics Bahrain Oman Iraq


U.S. Calls on #SaudiArabia to Halt Plan to Unleash Record Oil Supply - Bloomberg

U.S. Calls on Saudi Arabia to Halt Plan to Unleash Record Oil Supply - Bloomberg:The Trump administration is pressing Saudi Arabia to dial back its plan to flood the oil market as the price war with Russia sent crude prices crashing to the lowest levels in decades. Bloomberg’s Stephen Stapczynski reports on “Bloomberg Daybreak: Middle East.” (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Russia, Bloomberg, Middle East, Trump, Rupert Neil Bumfrey, Bloomberg Daybreak, Stephen Stapczynski


Coronavirus: #Qatar Airways Still Operating a Third of Flights - Bloomberg

Coronavirus: Qatar Airways Still Operating a Third of Flights - Bloomberg:Qatar Airways said it’s continuing to operate a third of its normal schedule while bulking up on cargo flights as the Mideast carrier seeks to ride out the coronavirus outbreak.The second-biggest Gulf airline is still operating about 150 flights a day, serving European cities such as Frankfurt and Munich and more far-flung destinations in the U.S., Australia and parts of Asia, Thierry Antinori, its head of strategy, said W...
Tags: Travel, Asia, Europe, Australia, Qatar, Bloomberg, Frankfurt, Munich, Middle East, Emirates, Airbus, Gulf, Qatar Airways, Mideast, Boeing Co, Doha Qatar


Mideast Stocks: Middle East stocks advance on giant U.S. stimulus package | ZAWYA MENA Edition

Mideast Stocks: Middle East stocks advance on giant U.S. stimulus package | ZAWYA MENA Edition:Stock markets in the Middle East closed higher on Wednesday, as a mammoth stimulus in the United States to mitigate the economic blow from the fast-spreading coronavirus pandemic lifted investor sentiment across the globe.U.S. senators and Trump administration officials have reached agreement on a massive economic stimulus bill to alleviate the impact of the coronavirus outbreak, the negotiators said o...
Tags: Travel, Senate, United States, House Of Representatives, Middle East, Dubai, Abu Dhabi, Mideast, Emaar Properties, Rupert Neil Bumfrey, Trump Administration, Emirates NBD Bank, First Abu Dhabi BankFAB


#SaudiArabia News: Currency Pegs OK Despite Virus, Oil: IMF - Bloomberg

Saudi Arabia News: Currency Pegs OK Despite Virus, Oil: IMF - Bloomberg:Dollar pegs in the Gulf have proven effective even as the region now faces the coronavirus outbreak and the crash in oil prices, the International Monetary Fund said.Billions of dollars worth of stimulus packages were rolled out to cushion regional economies after the pandemic, but growth for the remainder of the year will depend on whether “the global economy will recover fast or not,” Jihad Azour, the IMF’s director for th...
Tags: Travel, Middle East, Oman, International Monetary Fund, Imf, Gulf, Central Asia, Gulf Cooperation Council, Rupert Neil Bumfrey, Jihad Azour, IMF Bloomberg, Bloomberg TV Dollar


IMF warns of 'wide reverberations' as coronavirus risks job losses, bankruptcies in Middle East | ZAWYA MENA Edition

IMF warns of 'wide reverberations' as coronavirus risks job losses, bankruptcies in Middle East | ZAWYA MENA Edition:As  the coronavirus infections continue to spread at alarming levels, the International Monetary Fund (IMF) has called on governments in the Middle East for urgent economic policy actions and warned that the health crisis, coupled with the oil price plunge, could significantly drag growth and lead to job losses and bankruptcies.The key job-rich sectors in the region, including the...
Tags: Travel, Egypt, Middle East, United Arab Emirates, Uae, Imf, Central Asia, International Monetary Fund IMF, Rupert Neil Bumfrey, Azour, Jihad Azour IMF


MIDEAST STOCKS-Gulf markets mostly rebound, tracking oil, Asian shares | Nasdaq

:Stock markets in the Middle East rebounded on Tuesday, in line with oil prices and Asian shares as investors bet the U.S Federal Reserve's promise of unlimited dollar funding would ease intense strains in financial markets.In its latest mould-breaking step, the Fed offered to buy unlimited amounts of assets to steady markets and expanded its mandate to corporate and municipal bonds.Brent crude oil LCOc1 rose by 62 cents, or 2.3%, to $27.65 a barrel by 0346 GMT.Saudi Arabia's benchmark index .TA...
Tags: Travel, Saudi Arabia, Middle East, Dubai, Fed, Reuters, U S Federal Reserve, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, Emaar Properties EMAR, Emirates NBD Bank ENBD


MIDEAST STOCKS-Gulf stocks slide as virus-related lockdowns deepen recession fears - Reuters

MIDEAST STOCKS-Gulf stocks slide as virus-related lockdowns deepen recession fears - Reuters:Stock markets in the Middle East dropped on Monday as a rising number of lockdowns in the region and elsewhere worsened fears of a deep, coronavirus-driven global recession.In Abu Dhabi, the index declined 3.1%. Top lender First Abu Dhabi Bank fell 3.3%, while Emirates Telecommunications was down 4.3%.The United Arab Emirates suspended all passenger and transit flights to and from the country for two wee...
Tags: Travel, Wam, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Uae, Civil Aviation Authority, Reuters, Sheikh Mohammed bin Rashid al Maktoum, Rupert Neil Bumfrey, First Abu Dhabi Bank, National Emergency, Emirates Telecommunications


Middle East stocks extend drop, despite new economic measures - Arabianbusiness

Middle East stocks extend drop, despite new economic measures - Arabianbusiness: Abu Dhabi’s ADX General Index loses 3.5% as of 11:50 a.m. local time First Abu Dhabi Bank -4.6%, Etisalat -4.7% Abu Dhabi Commercial Bank -3.9% Dubai’s DFM General Index retreats 1.8% Emirates NBD -4.8%; Emaar Properties -3.1%; DU -2% Saudi Arabia’s Tadawul All Share Index falls 1.5% Saudi Aramco -1.2%; STC -2%; Sabic -1.5% Exchanges in Kuwait, Oman and Bahrain are closed due to a local holiday [Author: no...
Tags: Travel, Saudi Arabia, Middle East, Dubai, Abu Dhabi, Bahrain, Saudi Aramco, Emirates NBD, SABIC, STC, Emaar Properties, Etisalat, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey, First Abu Dhabi Bank, Kuwait Oman


Middle East Stock News, Coronavirus: MidEast Equities Amid Virus - Bloomberg

Middle East Stock News, Coronavirus: MidEast Equities Amid Virus - Bloomberg:Equity markets in the Middle East extended losses on Sunday despite regional governments trying to blunt the impact of coronavirus with economic stimulus measures.Abu Dhabi’s main gauge lost the most in the region, while shares in Dubai, Saudi Arabia, Qatar and Bahrain also fell. The losses came after oil tumbled on Friday on concern that the collapse of global energy demand will deepen.Over the weekend, Dubai’s ruler, ...
Tags: Travel, Saudi Arabia, Middle East, Dubai, Abu Dhabi, Bahrain, Mohammed bin Rashid Al Maktoum, Bloomberg TV, Rupert Neil Bumfrey, Emirates NBD PJSC Dubai, Hedi Ben Mlouka, Fim Partners, MidEast Equities Amid Virus Bloomberg, Dubai Saudi Arabia Qatar


Toilet paper shortage

American derrieres are spoiled for choice. Supermarkets across the country shelve a comical number of toilet-paper products, inundating shoppers with more deals on two-ply than any consumer actually needs. On a typical day, the biggest dilemma shoppers face when it comes to the fluffy stuff is whether to swear allegiance to Charmin or Cottonelle. Anyone who’s been to the supermarket lately knows that the toilet-paper aisle is decidedly not typical, however. Across the United States, and aroun...
Tags: Travel, Asia, Japan, China, India, US, Canada, United States, Philippines, Italy, Middle East, Portugal, South America, North, Toilet, Customs


Re-freshly Minted! Easy Mint Lemon Slushie {Limonana}

Limonana is one of the most popular drinks when you visit the Middle East. It's wonderfully refreshing and an absolute cinch to make! I also make this every time I have an excess of mint. Dear Reader, this is a pushy recipe!
Tags: Travel, Middle East, Limonana


Mideast airlines lose $7B as airports shut to combat virus

Mideast airlines lose $7B as airports shut to combat virus:Seven Middle Eastern countries have suspended all commercial flights due to the fast-spreading new coronavirus, as the aviation industry’s largest trade association announced Thursday that airlines in the region have already lost more than $7 billion in revenue.Those losses translate into potentially hundreds of thousands of people losing their jobs in the airline industry in the Middle East alone, the International Air Transport Associa...
Tags: Travel, Iran, Middle East, Mideast, IATA, International Air Transport Association, Rupert Neil Bumfrey


STR: Middle East/Africa Hotel Data For February 2020

Hotels in the Middle East reported mostly negative February 2020 performance results, while hotels in Africa posted mixed results across the three key performance metrics, according to data from STR.
Tags: Travel, Africa, Middle East, Middle East Africa


How Low Can Brent, WTI Crude Oil Go? One Forecast Sees $5/Barrel - Bloomberg

How Low Can Brent, WTI Crude Oil Go? One Forecast Sees $5/Barrel - Bloomberg:Oil traders struggling to navigate one of the biggest oil crashes in history say the worst is yet to come.Even after a 60% plunge so far this year to the lowest since 2003, prices will likely drop further to $20 a barrel or below, according to a survey of traders from some of the world’s biggest oil companies and merchants. Analysts from Goldman Sachs Group Inc. to Citigroup Inc. also expect prices to extend declines in...
Tags: Travel, Saudi Arabia, Russia, Middle East, Latin America, Citigroup Inc, Goldman Sachs Group Inc, Rupert Neil Bumfrey, Barrel Bloomberg, COVID


Gulf’s sovereign funds are now gilt-edged airbags – Breakingviews

Gulf’s sovereign funds are now gilt-edged airbags – Breakingviews:The Middle East’s big sovereign wealth funds are set to become coronavirus airbags. The $700 billion Abu Dhabi Investment Authority, $300 billion Qatar Investment Authority and Saudi Arabia’s $300 billion Public Investment Fund control a big slug of global assets and have become a fixture in global dealmaking. But they’re attached to increasingly precarious economies.Emerging markets, including Saudi Arabia, are hearing a deafenin...
Tags: Travel, Saudi Arabia, Qatar, Middle East, Qatar Investment Authority, U S Treasuries, ADIA, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Institute of International Finance With, United Arab Emirates Bahrain Oman Kuwait


MIDEAST STOCKS-Most Gulf stocks end higher on stimulus, oil prices | Nasdaq

MIDEAST STOCKS-Most Gulf stocks end higher on stimulus, oil prices | Nasdaq:Most markets in the Middle East reversed losses to close higher on Thursday as measures by the region's central banks calmed investor nerves, while higher oil prices also aided sentiment.Oil prices bounced nearly 7% after a three-day selloff drove them to their lowest in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and Saudi Arabia.Brent crud...
Tags: Travel, Saudi Arabia, Russia, Middle East, Dubai, Abu Dhabi, Uae, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, First Abu Dhabi Bank, Emaar Properties EMAR


IATA says Middle East airlines need state aid due to liquidity crisis - Reuters

IATA says Middle East airlines need state aid due to liquidity crisis - Reuters:Governments must urgently consider providing aid to airlines in the Middle East to help them cope with a liquidity crisis due the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday. IATA Vice-President for Africa and the Middle East Muhammad Albakri said Middle East airlines were facing rising revenue losses as people stopped traveling. [Author: [email protected] (Rupert Ne...
Tags: Travel, Africa, Middle East, Reuters, IATA, International Air Transport Association IATA, Rupert Neil Bumfrey, Muhammad Albakri



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