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Posts filtered by tags: Middle Eastern[x]


 

Brazil's BRF, #Saudi fund set up poultry joint venture | Reuters

Brazil's BRF, Saudi fund set up poultry joint venture | Reuters Brazilian chicken and pork processor BRF SA (BRFS3.SA) signed a memorandum of understanding with Saudi Arabia's sovereign fund to create a joint venture to make poultry products in the Middle Eastern country, it said on Thursday.BRF said in a securities filing it will hold a 70% stake in the joint venture, while Saudi Arabia's Public Investment Fund, known as PIF, will have the remaining 30%. Shares rose by 3.2% to 24.60 reais on ...
Tags: Travel, Saudi Arabia, Brazil, MOU, Middle Eastern, Reuters, Rupert Neil Bumfrey


We went aboard Boeing's largest twin-engine cargo plane and saw how it's tackling the shipping crisis from the air

Touring the Emirates SkyCargo operation in Dubai.Thomas Pallini/Insider Air cargo has seen a surge in popularity thanks to a crisis in ocean shipping.  Emirates SkyCargo is one of the airlines using a fleet of dedicated freighters to get goods to market.  The Boeing 777 Freighter can carry nearly 236,000 pounds of cargo between continents.  The crisis in ocean shipping is seeing companies look to the skies for a faster way to get their goods to market, even if it means paying more. Touring...
Tags: Travel, Amazon, Transportation, Hong Kong, London, News, Air Travel, Singapore, Planes, Los Angeles, Trends, Features, Arizona, Emirates, Sydney, Dubai


Airbus delivered the final Airbus A380 ever to be built just as airlines learn to love the world's largest passenger jet again

An Emirates Airbus A380.kamilpetran/Shutterstock.com Airbus has delivered the last A380 it will ever build to Emirates Airlines. The 251st A380 to be delivered to an airline and the 123rd A380 delivered to Emirates marks the end of the superjumbo-building era at Airbus.  Airlines are just beginning to bring their A380s back into flying service after grounding them for most of the COVID-19 pandemic.  Airbus has delivered its 251st and final A380 to a customer after 14 years of airline delive...
Tags: Travel, Transportation, Japan, New York, News, Air Travel, Singapore, Planes, US, Los Angeles, Trends, Features, Flying, Frankfurt, Hawaii, Washington Dc


#Dubai’s $25 Billion State Utility Picks Banks for Record IPO - Bloomberg

Dubai’s $25 Billion State Utility Picks Banks for Record IPO - Bloomberg State-owned utility Dubai Electricity & Water Authority has picked banks to arrange what could be the biggest-ever listing in the Persian Gulf emirate, people with knowledge of the matter said. DEWA has chosen Citigroup Inc., HSBC Holdings Plc and Emirates NBD Bank PJSC to lead the offering, the people said, asking not to be identified because the information is private. It is planning to seek a valuation of around $20 bi...
Tags: Travel, Dubai, Abu Dhabi, Middle Eastern, Riyadh, DEWA, Persian Gulf, JPMorgan Chase Co, Rupert Neil Bumfrey, IPO Bloomberg, Dubai Electricity Water Authority, Emirates NBD Bank PJSC, Record IPO Bloomberg State, Citigroup Inc HSBC Holdings Plc, Credit Suisse Group AG Goldman Sachs Group Inc


Buyers Are So Hungry for LNG, Tankers Are Lining Up Off #Qatar - Bloomberg

Buyers Are So Hungry for LNG, Tankers Are Lining Up Off Qatar - Bloomberg More than a dozen liquefied natural gas tankers are waiting their turn to fill up at Qatar’s port of Ras Laffan in a clear sign of how tight the global gas market has become. South Korean and Pakistani buyers are among those seeking to maximize shipments under long-term supply contracts with the Middle Eastern emirate, one of the world’s biggest natural gas exporters, according to traders with knowledge of the ma...
Tags: Travel, Qatar, Middle Eastern, Qatargas, Rupert Neil Bumfrey, Ras Laffan, Qatar Petroleum, Qatar Bloomberg, Bloomberg Seasonally


Mideast Spotify Challenger Anghami Is Said to Near SPAC Merger - Bloomberg

Mideast Spotify Challenger Anghami Is Said to Near SPAC Merger - Bloomberg Anghami, the Abu Dhabi-based music-streaming service that claims over 70 million users, is close to being listed on the Nasdaq stock exchange in New York by merging with a blank-check company, according to people familiar with the matter, setting the stage for one of the biggest investments into a Middle Eastern technology startup in years.Anghami, Arabic for “my tunes,” has been holding talks with Vistas Media Acquisitio...
Tags: Travel, New York, Middle East, Abu Dhabi, Nasdaq, Uae, Middle Eastern, SPAC, Uber Technologies Inc, Amazon com Inc, Rupert Neil Bumfrey, Anghami, Shuaa, Shuaa Capital, SPAC Merger Bloomberg, SPAC Merger Bloomberg Anghami


Deserted debts stir disquiet in the mysterious world of #Dubai Inc | Reuters

Deserted debts stir disquiet in the mysterious world of Dubai Inc | Reuters Dubai’s debts have always been something of a mystery for investors but since the coronavirus pandemic hit its economy, things have got hazier, some say.Over the past 12 months, two firms with links to Dubai’s government and its ruler, respectively, have said they would not meet hundreds of millions of dollars’ worth of debt repayments, a rare step in the Middle Eastern business hub, where debts are typically renegotiate...
Tags: Travel, Dubai, Middle Eastern, Reuters, Limitless, Dubai Holding, Rupert Neil Bumfrey, Reuters Dubai, Mohammed bin Rashid al Maktoum Dubai, Dubai Inc, Dubai Holding Investments Group, Emirates NBD Mashreqbank, Dubai Islamic Bank They


BP to Invest More in Middle East’s ‘World-Leading’ Oil Fields - Bloomberg

BP to Invest More in Middle East’s ‘World-Leading’ Oil Fields - Bloomberg BP Plc said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions.The company is a major producer in countries such as Iraq, where it operates the world’s third-largest oil field of Rumaila, the United Arab Emirates and Oman. It’s focusing on their low-cost oil, while also boosting output of gas, according to Stephen Willis, BP’s senio...
Tags: Travel, Iraq, Bloomberg, Middle East, United Arab Emirates, Oman, Bp, Abu Dhabi, Uae, Middle Eastern, Willis, Rumaila, Rupert Neil Bumfrey, Bloomberg BP Plc, Stephen Willis BP


Silicon Valley Firm Joins Gulf Investors to Fund Tech Deals - Bloomberg

Silicon Valley Firm Joins Gulf Investors to Fund Tech Deals - Bloomberg A Silicon Valley venture-capital firm is targeting cash-flush Middle Eastern investors to fund technology companies, all while scouting the Gulf for buying opportunities.Tribe Capital Management LLC partnered with Dubai-based boutique financial and investment adviser Arrow Capital in a first-of-its-kind cooperation deal for the Gulf, according to Arjun Sethi, Tribe’s co-founder.“We need a touch point everywhere,” he said in ...
Tags: Travel, San Francisco, Bloomberg, Dubai, Silicon Valley, Middle Eastern, Gulf, Rupert Neil Bumfrey, Tribe Capital Management LLC, Arjun Sethi Tribe, Carta Inc, Applied Intuition Inc


Nomura Cuts #Dubai Investment Bank Jobs in Mideast Coverage Shift - Bloomberg

Nomura Cuts Dubai Investment Bank Jobs in Mideast Coverage Shift - Bloomberg:Nomura Holdings Inc. eliminated about a half dozen investment banking jobs in Dubai, as Japan’s biggest brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other offices.The Tokyo-based firm made the cuts in recent weeks, and will now serve Middle Eastern clients from cities where it has bigger operations, such as London, people with knowledge of the matter said. Its asset management...
Tags: Travel, Japan, London, Middle East, United Arab Emirates, Dubai, Tokyo, Middle Eastern, Nomura, Nomura Holdings Inc, HSBC Holdings Plc, Lehman Brothers Holdings Inc, Moelis Co, Rupert Neil Bumfrey, U S Bloomberg, Kentaro Okuda


#AbuDhabi’s Adnoc Forms Venture For Petrochemical Investment - Bloomberg

Abu Dhabi’s Adnoc Forms Venture For Petrochemical Investment - Bloomberg:Abu Dhabi National Oil Co. formed a venture with a state holding company to boost investment in petrochemical projects, part of the emirate’s drive to expand beyond raw crude into more valuable products.Adnoc and its partner, ADQ, agreed to invest in and manage downstream activities at the planned Ruwais Derivatives Park, they said in a statement. They will complete a feasibility study this year.The partners, both based in ...
Tags: Travel, United Arab Emirates, Abu Dhabi, Middle Eastern, ADNOC, Rupert Neil Bumfrey, Abu Dhabi National Oil Co, Ruwais Derivatives Park


Coronavirus: Emirates set to cut 9,000 jobs, citing pandemic - BBC News

Coronavirus: Emirates set to cut 9,000 jobs, citing pandemic - BBC News: The president of Emirates said the Middle Eastern airline is set to cut as many as 9,000 jobs because of the coronavirus pandemic.It is the first time the world's biggest long-haul carrier has disclosed how many jobs will be lost.Prior to the crisis, Emirates had 60,000 staff.Sir Tim Clark said the airline had already cut a tenth of its staff but said: "We will probably have to let go of a few more, probably up to 15%."T...
Tags: Travel, Bbc, BBC News, Emirates, Tim Clark, Middle Eastern, Tim, Rupert Neil Bumfrey


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


OPEC+ Talks Collapse, Blowing Hole in Russia- #Saudi Alliance - Bloomberg

OPEC+ Talks Collapse, Blowing Hole in Russia-Saudi Alliance - Bloomberg:OPEC+ talks ended in dramatic failure, auguring the end of a diplomatic alliance between Saudi Arabia and Russia that has underpinned crude prices and changed the balance of power in the Middle East.Brent crude, the global benchmark, plunged the most in more than a decade after Russia refused to bend to the will of Saudi Arabia, whose high-stakes gamble pushed the group past breaking point. Riyadh wanted to slash production ...
Tags: Travel, Saudi Arabia, Russia, Opec, Moscow, Kremlin, Latin America, Middle Eastern, Riyadh, Central Asia, Exxon Mobil Corp, BP Plc, Rupert Neil Bumfrey, Middle East Brent, Russia Saudi Alliance Bloomberg


Lebanon Faces a $50 Billion Hole Even Beyond Its Eurobonds - Bloomberg

Lebanon Faces a $50 Billion Hole Even Beyond Its Eurobonds - Bloomberg: Lebanon has a lot more than just maturing Eurobonds to worry about.In addition to $31 billion of those, the Middle Eastern nation’s central bank has $52.5 billion of obligations in the form of foreign-currency deposits and certificates of deposit, according to calculations by Toby Iles and Jan Friederich, Hong Kong-based analysts at Fitch Ratings Ltd.Mostly owed to Lebanese banks, these additional debts compound the country’...
Tags: Travel, Hong Kong, Lebanon, Middle Eastern, Cleary Gottlieb Steen Hamilton, Lazard Ltd, Fitch Ratings Ltd, Rupert Neil Bumfrey, Moody 's Investors Service, Jan Friederich, Toby Iles


Oil-Storage Demand at Top Mideast Hub Drives Brooge Expansion - Bloomberg

Oil-Storage Demand at Top Mideast Hub Drives Brooge Expansion - Bloomberg:Brooge Petroleum and Gas Investment Co. plans to expand its crude-storage capacity six-fold at the Middle Eastern port of Fujairah to meet “huge” demand at the busiest oil-trading hub in the region.The United Arab Emirates-based business will sign contracts by the end of the first quarter, or soon after, to lease out the additional capacity, Chief Executive Officer Nicolaas Paardenkooper said in an interview. It will compl...
Tags: Travel, United Arab Emirates, Middle Eastern, ADNOC, Rupert Neil Bumfrey, Abu Dhabi National Oil Co, Nicolaas Paardenkooper, Paardenkooper, Brooge, Top Mideast Hub Drives Brooge Expansion Bloomberg, Brooge Petroleum and Gas Investment Co, Fujairah the world


Mideast Stocks Get a Mauling as Soleimani Death Raises Tension - Bloomberg

Mideast Stocks Get a Mauling as Soleimani Death Raises Tension - Bloomberg:The U.S. killing of Iran’s most senior military commander reverberated through Middle Eastern markets, sending stocks into retreat and setting the tone for what’s likely to be a volatile week.All the region’s major equity gauges fell on Sunday. Kuwait’s dropped more than 4%, trimming a rally that made it the best market in the region last year. Saudi Aramco shares slumped as the country’s Tadawul All Share Index lost as m...
Tags: Travel, Iraq, Bloomberg, Iran, Middle East, Hassan Rouhani, Oman, Abu Dhabi, Tehran, Kuwait, Middle Eastern, North Africa, Trump, Saudi Aramco, Qassem Soleimani, Rupert Neil Bumfrey


Yen Matches Three-Month High After Mideast Stocks Get a Mauling - Bloomberg

Yen Matches Three-Month High After Mideast Stocks Get a Mauling - Bloomberg:The yen held near its strongest level against the dollar in almost three months amid demand for haven assets after the U.S. killing of Iran’s most senior military commander sent Middle Eastern stocks into retreat, setting the tone for what’s likely to be a volatile week.Japan’s currency appreciated for a third-straight day as markets opened in Sydney, while the Australian dollar weakened. All the Middle East’s major equi...
Tags: Travel, Japan, Iraq, Iran, Egypt, Middle East, Sydney, Hassan Rouhani, Oman, Tehran, Kuwait, Middle Eastern, Trump, Saudi Aramco, Qassem Soleimani, Rupert Neil Bumfrey


Round the World in Retirement

Ask new retirees about their plans, and you will almost always hear, “I want to travel.” But more and more, “I want to travel” is changing. Not all retirees are going the stereotypical “travel around the country in an RV” route. Many are thinking bigger and jumping into the long-term travel game. That’s what my husband and I decided to do when we retired. We sold our house, our cars, most of our belongings, and left town on a trip around the world. After a lifetime of working, retirement should ...
Tags: Travel, Hong Kong, Europe, Featured, Singapore, Los Angeles, Qatar, Munich, United States, Sydney, Dubai, Athens, Ethiopia, Slovenia, Tokyo, Denmark


MIDEAST STOCKS- #Saudi hit by profit-taking, financials drag major Gulf markets - Reuters

MIDEAST STOCKS-Saudi hit by profit-taking, financials drag major Gulf markets - Reuters:Saudi Arabia's stock market fell on Mondayto its lowest point in eight months, hurt by profit-taking inits banks, while most major Middle Eastern markets also slidsharply.The Saudi index was down 1.5 percent, weakened byfinancial and petrochemical stocks. Its biggest lender, NationalCommercial Bank, decreased 1.9 percent and BanqueSaudi Fransi lost 4.3 percent.Oil prices tumbled after U.S. President Donald Tr...
Tags: Travel, Saudi Arabia, Donald Trump, Middle Eastern, Gulf, Reuters, Rupert Neil Bumfrey, NationalCommercial Bank, BanqueSaudi Fransi


MIDEAST STOCKS-Bank earnings boost #Qatar, most Gulf markets slip - Reuters

MIDEAST STOCKS-Bank earnings boost Qatar, most Gulf markets slip - Reuters:Qatar’s stock market rose on Thursday, partly lifted by strong first-quarter earnings from two banks, while most major Middle Eastern markets declined.Qatar’s index was up 0.2 percent with Qatar Islamic Bank increasing 1.4 percent and Qatar Commercial Bank rising 1.3 percent.Qatar Islamic Bank and Qatar Commercial Bank posted 9.6 percent and 6.5 percent gains respectively in first-quarter net profits. [Author: [email protected]
Tags: Travel, Qatar, Middle Eastern, Gulf, Reuters, Qatar Islamic Bank, Rupert Neil Bumfrey, Qatar Commercial Bank


Jewel Changi Airport review – An architectural marvel at the world’s best airport

In March 2019 Singapore Changi was crowned the best airport in the world for the seventh year in a row. That was just before Jewel Changi Airport opened. After previewing this architectural marvel I can’t see how any other airport is going to take this title in the foreseeable future. Jewel Changi is a mixed use development that sits inside the U-shape of the terminal buildings, making use of this previously underutilised space. Singapore have become masters of making use of limited space, ...
Tags: Travel, Asia, UK, Instagram, Southeast Asia, Singapore, Hawaii, Dubai, Starbucks, Michelin, Mars, Bangkok, Gardens, Jewel, Changi, Middle Eastern


Brisbane Bites: Gerard's Bistro, Brisbane

Eating in the Fortitude Valley, you're almost spoiled for choice. In amongst the cafes and boutiques selling airy, colourful caftans and dresses sits Gerard's Bistro, a modern Middle Eastern restaurant serving delicious bites such as felafel crumpets and scorpion fish.
Tags: Travel, Brisbane, Middle Eastern, Gerard, Fortitude Valley, Bistro Brisbane


Mideast Stocks: Earnings season lifts Saudis; major Gulf markets drop | ZAWYA MENA Edition

Mideast Stocks: Earnings season lifts Saudis; major Gulf markets drop | ZAWYA MENA Edition:Saudi Arabian stocks inched up in early trading on Tuesday, lifted by a slew of corporate announcements, while most major Middle Eastern markets slipped.Saudi Arabia's main index added 0.2 percent, with Petrochemical investor Alujain jumping 4.9 percent after an update on the fire at its affiliate's plant.The fire broke out on Oct. 2 at its unit's NATPET plant and halted production. The company said it now...
Tags: Travel, Saudi Arabia, Middle Eastern, Gulf, Rupert Neil Bumfrey, Alujain, NATPET


Mideast Stocks: Real estate weighs on Dubai, all major Gulf markets down | ZAWYA MENA Edition

Mideast Stocks: Real estate weighs on Dubai, all major Gulf markets down | ZAWYA MENA Edition:The Dubai stock market fell sharply early on Tuesday, dragged down by property stocks, while all major Middle Eastern bourses dropped in line with a plunge of Wall Street stocks, which slid to its lowest levels in more than a year.In Dubai, the index dropped 1.0 percent with the emirate's largest listed developer, Emaar Properties, sliding 3.3 percent and Dubai Investments, shedding 2.3 percent.Dubai's ...
Tags: Travel, Wall Street, Dubai, Middle Eastern, Gulf, Emaar Properties, Rupert Neil Bumfrey, Dubai Investments


Mideast Stocks: Real estate aids #Dubai, most of Gulf quiet | ZAWYA MENA Edition

Mideast Stocks: Real estate aids Dubai, most of Gulf quiet | ZAWYA MENA Edition:Dubai's stock market recouped some losses early on Wednesday as most of its real estate stocks gained, while other major Middle Eastern markets were little changed.In Dubai, the index added 0.6 percent with Emaar Properties rising 2.2 percent after saying it had started business development operations in China.Outside the real estate sector, Takaful Emarat rose 3.6 percent after Goldilocks Investment, part of Abu Dha...
Tags: Travel, China, Dubai, Middle Eastern, Gulf, Emaar Properties, Goldilocks, Rupert Neil Bumfrey, Abu Dhabi Financial Group, Gulf Navigation


Mideast Stocks: #Dubai suffers real estate slide, other markets steady | ZAWYA MENA Edition

Mideast Stocks: Dubai suffers real estate slide, other markets steady | ZAWYA MENA Edition:Dubai's stock market fell sharply on Thursday, as real estate stocks fell further following a property price slide, while most major Middle Eastern markets remained steady.Trading in other markets was tepid in the countdown to an OPEC-meeting expected to result in a supply cut, but the Dubai index  slipped 1.3 percent, after falling to its lowest in nearly three years in the previous trading session.Proper...
Tags: Travel, Opec, Dubai, Middle Eastern, Emaar Properties, Rupert Neil Bumfrey, Deyaar Properties


Mideast Stocks: #Dubai dives on real estate, oil hurts major Gulf markets | ZAWYA MENA Edition

Mideast Stocks: Dubai dives on real estate, oil hurts major Gulf markets | ZAWYA MENA Edition:The Dubai stock market fell to its lowest in nearly three years on Wednesday, pulled down by real estate stocks, while most major Middle Eastern markets slid on falling oil prices.Oil prices were pulled down by a decline across financial markets, as concern about global growth and evidence of greater crude supply wiped out half of this week's gains."Both weak oil and uncertain near term outlook, be it r...
Tags: Travel, Dubai, Bahrain, Middle Eastern, Gulf, Rupert Neil Bumfrey, SiCo, Nishit Lakhotia


Uber's Middle East rival Careem looks to raise up to $200 million in China: source | Reuters

Uber's Middle East rival Careem looks to raise up to $200 million in China: source | Reuters:Careem, Uber’s main Middle East rival, is looking at raising between $100 million and $200 million from Chinese investors, a source with direct knowledge of the matter told Reuters.Investment bank China International Capital Corporation (CICC) is advising Dubai-based Careem, but it was not immediately clear when or if a deal would be finalised, the source said, adding there was a lack of familiarity and ...
Tags: Travel, China, Beijing, Middle East, Dubai, Middle Eastern, Careem, Reuters, Rupert Neil Bumfrey, CICC, Careem Uber


Burned by China Default, Korean Funds Have New Target: Qatar - Bloomberg

Burned by China Default, Korean Funds Have New Target: Qatar - Bloomberg:South Korea’s yield-hungry investors who were spooked by a Chinese default are shifting their sights to the other end of the continent, to the Middle East.One hot product is short-term securities backed by deposits at Middle East banks. Korean money managers increased such purchases 23 percent in the first half to 10.3 trillion won ($9.2 billion), with Qatar making up the majority, according to data from Korea Investors Ser...
Tags: Travel, South Korea, China, Qatar, Middle East, Korea, Middle Eastern, Rupert Neil Bumfrey, Qatar Bloomberg, China Energy Reserve Chemicals Group Co



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