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US Warns Commercial Planes Flying Over the Persian Gulf They May Get Shot Down

The U.S. has warned airlines that they may be ‘mis-identified’ flying over the Persian Gulf as well as the Gulf of Oman. In a Notice to Airmen the US government declares that US air carriers (and operators of US-registered airships, except when operated by foreign air carriers) must exercise caution in the region because of risk of accidental military targeting, GPS interference, and GPS jamming. Continue reading US Warns Commercial Planes Flying Over the Persian Gulf They May Get Shot Down...
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London insurers extends Persian Gulf threat zone after Fujairah attacks | Financial Times

London insurers extends Persian Gulf threat zone after Fujairah attacks | Financial Times:London’s marine insurance market, which covers the majority of the world’s ships, has upgraded a number of territorial waters in the Persian Gulf to high risk following ship attacks off Fujairah last weekend.The Joint War Committee, which includes representatives of Lloyd’s of London and the International Underwriters Association of London, said waters off Oman, UAE and the Persian Gulf had been added to a ...
Tags: Travel, London, Saudi Arabia, US, Iran, Financial Times, Strait Of Hormuz, Persian Gulf, Lloyd 's of London, Rupert Neil Bumfrey, Oman UAE, Joint War Committee, International Underwriters Association of London


Physical Oil Traders Are Clamoring for Barrels as Risks Multiply - Bloomberg

Physical Oil Traders Are Clamoring for Barrels as Risks Multiply - Bloomberg:From Colombia to the North Sea, the Middle East to Texas, the global market for crude cargoes is becoming tighter by the week as supplies grow more constrained and risks to production spiral.Prices for actual barrels from the North Sea, Asia, and the Americas are now trading at the highest in half a decade. Key price spreads that show how urgently oil refineries need benchmark Brent barrels are soaring.It’s little wonde...
Tags: Travel, Bloomberg, Colombia, Persian Gulf, Rupert Neil Bumfrey, North Sea the Middle East, North Sea Asia


#SaudiArabia says its oil pipeline was hit by drones

Saudi Arabia says its oil pipeline was hit by drones:An oil pipeline that runs across Saudi Arabia was hit Tuesday by drones, the Saudi energy minister said, as regional tensions flared just days after what the kingdom called an attack on two of its oil tankers in the Persian Gulf.While both U.S. President Donald Trump and Iran’s Supreme Leader Ayatollah Ali Khamenei said they were not planning for conflict, the volatility was felt in oil markets with benchmark Brent crude trading over $71 a bar...
Tags: Travel, Saudi Arabia, Iran, Ayatollah Ali Khamenei, Donald Trump, Red Sea, Persian Gulf, Eastern Province, Rupert Neil Bumfrey, Khalid al Falih Al Falih


#Dubai Stocks Shift From World's Worst to Best in Just 24 Hours - Bloomberg

Dubai Stocks Shift From World's Worst to Best in Just 24 Hours - Bloomberg:Investors in Dubai’s equities might be feeling whiplash after the main index went from the day’s worst performer worldwide to the biggest gainer in back-to-back sessions, in response to shifting news on regional tensions and local stocks’ presence in global benchmarks.The DFM General Index advanced 3.5% Tuesday, gaining more than any other major market tracked by Bloomberg and almost fully erasing a loss of 4% the previou...
Tags: Travel, Bloomberg, Dubai, MSCI, Persian Gulf, Rupert Neil Bumfrey, MSCI Inc, Emaar Malls PJSC, Emaar Development PJSC


#Saudi Pipeline Attack Highlights Risk to Middle East Oil Exports - Bloomberg

Saudi Pipeline Attack Highlights Risk to Middle East Oil Exports - Bloomberg:The Yemeni rebel drone attack that forced Saudi Arabia to temporarily shut its main cross-country oil link highlights risks to crude exports from the Persian Gulf as U.S. efforts to eliminate Iran’s oil exports inflame regional tensions.Why does the attack matter?State oil giant Saudi Aramco is the world’s largest crude exporter, and Saudi Arabia sees its role in global oil markets as helping to balance supply and deman...
Tags: Travel, Saudi Arabia, Bloomberg, Iran, Middle East, Strait Of Hormuz, Saudi Aramco, Persian Gulf, Rupert Neil Bumfrey


Oil Options Traders Eye Price Spike as Political Risks Swirl - Bloomberg

Oil Options Traders Eye Price Spike as Political Risks Swirl - Bloomberg:Whether it’s the U.S. sending military warnings to Iran or tensions in Venezuela, some oil traders have started to gear up for a possible price surge as political risks escalate. Trading in relatively cheap option contracts that would profit from crude soaring to as much as $110 a barrel has taken off in the past two weeks. In total, the equivalent of more than 45 million barrels of $90, $100 and $110 calls, have traded in ...
Tags: Travel, America, Opec, Bloomberg, Iran, Middle East, Venezuela, Persian Gulf, Rupert Neil Bumfrey


Emirates Profit Slumps to Seven-Year Low as Oil Erodes Margins - Bloomberg

Emirates Profit Slumps to Seven-Year Low as Oil Erodes Margins - Bloomberg:Emirates Group, owner of the world’s biggest long-haul airline, suffered a 44 percent decline in annual earnings as higher oil prices and a stronger dollar hit margins at a time when its business model faces increasing competition.Net income shrank to 2.32 billion dirhams ($632 million) in the 12 months through March, the lowest level since fiscal 2012, according to a statement Thursday from Dubai-based Emirates. Seat-occ...
Tags: Travel, Bloomberg, Dubai, Persian Gulf, Emirates Group, Rupert Neil Bumfrey, Emirates Seat


Saudis Said Willing to Meet Orders From Ex-Iran Oil Buyers - Bloomberg

Saudis Said Willing to Meet Orders From Ex-Iran Oil Buyers - Bloomberg:Saudi Arabia plans to meet all requests for oil purchases it has received for June, notably from countries that had to stop buying Iranian crude because of recent U.S. sanctions.The world’s biggest oil exporter has received moderate requests from customers for shipments next month, including from former buyers of Iran’s oil, according to a Persian Gulf person familiar with Saudi plans, who asked not to be identified because t...
Tags: Travel, Saudi Arabia, Opec, Iran, Persian Gulf, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey, Ex Iran Oil Buyers Bloomberg


Oil Traders See Little in Real World to Justify Slump in Crude - Bloomberg

Oil Traders See Little in Real World to Justify Slump in Crude - Bloomberg:Whether it’s in the North Sea, West Africa or the Persian Gulf, traders of millions of barrels of crude are seeing little to justify the past fortnight’s slump in oil futures. Crude on exchanges in New York and London fell as much as 7 percent since late April despite the temporary halt of a pipeline delivering millions of barrels a month of Russian oil to Europe’s refiners. The cessation added to a long list of supply di...
Tags: Travel, Europe, New York, London, Bloomberg, Venezuela, Persian Gulf, Olivier Jakob, Zug Switzerland, Rupert Neil Bumfrey, Iran Libya, Petromatrix GmbH, North Sea West Africa


Emirates Rethinks Its Network for a World Without the A380 - Bloomberg

Emirates Rethinks Its Network for a World Without the A380 - Bloomberg:Emirates, the world’s biggest long-haul airline, is reviewing its route network as it grapples with slowing economic growth and the demise of the A380 superjumbo, a plane that’s been the cornerstone of its strategic thinking for almost two decades. Dubai-based Emirates has spent the past nine months “knocking down the network” to establish the optimum route profile both for itself and for the sheikdom, and is now close to the...
Tags: Travel, Bloomberg, Emirates, Tim Clark, Dubai, Persian Gulf, Rupert Neil Bumfrey


#Israel to Participate in 2020 #Dubai Expo as Ties With Gulf Warm - Bloomberg

Israel to Participate in 2020 Dubai Expo as Ties With Gulf Warm - Bloomberg:Israel said Thursday it will take part in next year’s World Expo in Dubai, a further sign of improving ties with Persian Gulf states that once shunned contact with it. “We look forward to sharing our innovative spirit and the advances our entrepreneurs and innovators are making in the various fields such as water, information and medical technologies,” the Foreign Ministry said in a statement.In a statement on the Expo’s...
Tags: Travel, Israel, Dubai, Foreign Ministry, Persian Gulf, Rupert Neil Bumfrey, Dubai Expo, Gulf Warm Bloomberg


Deutsche Bank Said to Face Qatari Resistance to Bank Merger - Bloomberg

Deutsche Bank Said to Face Qatari Resistance to Bank Merger - Bloomberg:Deutsche Bank AG is facing resistance from top Qatari shareholders to its merger plans with Commerzbank AG, four people familiar with the matter said.The investors are concerned that a deal would dilute their holdings if Deutsche Bank is forced to raise equity in a share sale to help fund the deal, the people said, asking not to be identified because the matter is private. The Persian Gulf nation is also seeking to negotiate...
Tags: Travel, Germany, Qatar, Deutsche Bank, Persian Gulf, Commerzbank AG, Deutsche Bank AG, Rupert Neil Bumfrey


FIFA: Nations Must Restore Ties With #Qatar to Host WC Games - Bloomberg

FIFA: Nations Must Restore Ties With Qatar to Host WC Games - Bloomberg:Persian Gulf countries would have to lift boycotts of Qatar before being eligible to join hosting of the World Cup, FIFA determined in a feasibility study recommending its ruling council endorse expansion of the 2022 tournament to 48 teams despite the logistical and political complexities.The 81-page study seen by The Associated Press says Qatar would not be forced to share games with Bahrain, Saudi Arabia or the United Arab...
Tags: Travel, Qatar, Fifa, United Arab Emirates, Oman, Miami, Associated Press, Kuwait, Doha, Persian Gulf, Rupert Neil Bumfrey, Bahrain Saudi Arabia, Host WC Games Bloomberg


Places to Visit in Doha, Qatar

Along the coast of Persian Gulf, the city of Doha stands tall as the capital of Qatar, and is one of the prominent cities in the Gulf region. Founded in early 19th century as a part of Al Bidda, the city became the capital of Qatar in 1971. The city has grown multifold over the years and has emerged as one of the major commercial and financial centres in the Middle East. Doha is also all set to host the Fifa World Cup 2022 and there is extensive work happening across the city in this rega...
Tags: Travel, Qatar, Syria, Islam, Dubai, Doha, Gulf, West Bay, Qatar Airways, Souq Waqif, Pei, Persian Gulf, Katara, Doha Qatar, Palm Islands, R Niranjan Das


Persian Gulf Countries Are Having Their Own Oil Crisis - Bloomberg

Persian Gulf Countries Are Having Their Own Oil Crisis - Bloomberg:Countries one through four on the list of the world’s biggest oil consumers in 2017 are pretty much who you’d expect them to be — the world’s four biggest economies. 1 No. 5 is something else: Saudi Arabia has just 33 million people, less than one-fourth as many as Russia, the country just below it on the list. Yes, it’s rich, but its gross domestic product ranks in the high teens worldwide, not fifth. By global standards, then,...
Tags: Travel, Saudi Arabia, Russia, Houston, Persian Gulf, Rupert Neil Bumfrey, Jim Krane


Donald Trump’s Dream of Cheap Oil Might Still Come True - Bloomberg

Donald Trump’s Dream of Cheap Oil Might Still Come True - Bloomberg:As winter keeps its grip on the northern hemisphere it is the oil bulls, not the bears, who have gone into hibernation. The price rally that greeted the new year has fizzled out as renewed concerns about demand growth outweigh the tightening of oil supply through OPEC cuts and U.S. sanctions.Saudi Arabia had already started to deliver on its promised output reductions in December and went beyond what was pledged in January. U.S....
Tags: Travel, Saudi Arabia, Opec, Bloomberg, Iran, Venezuela, Donald Trump, Persian Gulf, Rupert Neil Bumfrey, Kpler Bloomberg


The Curious Case Of Kuwait

The small State of Kuwait as it’s officially known doesn’t get many visitors, making it easy to assume the nation of 4 million resembles its oil-rich neighbors. Kuwait City does look a lot like them but with far fewer recreational visitors, there’s not much to convey what makes Kuwait distinct. It may be because of that cover that Kuwait is intangibly unexpected. Quick To Skip Less than 2% of Kuwait’s GDP comes from tourism. Location and local competition make Kuwait blend in, so for most touri...
Tags: Travel, Europe, Eu, Culture, United States, Malaysia, Kuwait, Persian Gulf, Heritage Foundation, Kuwait City, Kuwait Science and Natural History Museum


Underwater scuba diving theme park

Sinking decommissioned jumbo jets into the Persian Gulf is an unusual way of attracting tourists, but that’s what Bahrain is going for. The Kingdom of Bahrain is planning to create the world’s largest underwater theme park, a 1,076,391-square-foot dive site, complete with a sunken Boeing 747, art sculptures, a replica Bahraini pearl merchant’s house, and artificial coral reefs. The dive park, set to open in summer 2019, is Bahrain’s latest attempt to grow its tourism economy, by making the c...
Tags: Travel, Turkey, Airbus, Theme Parks, Diving, Bahrain, Boeing, British Columbia, All, Aegean, Persian Gulf, CNN Travel, Kingdom of Bahrain, Chemainus, Mermet Springs Illinois, Stuart Channel


Sight of #Saudi Bailout Bazooka Enough for Record Bond Rally - Bloomberg

Sight of Saudi Bailout Bazooka Enough for Record Bond Rally - Bloomberg:When Saudi Arabia vows to go “all the way” for a country in need, the rest is just noise for investors.A day after Lebanon’s bonds sank following a credit rating downgrade by Moody’s Investors Service, a show of support by Saudi Arabia was enough to undo the damage. With the kingdom’s regional rival Qatar also agreeing to throw a $500 million lifeline to Lebanon earlier this week, its dollar bonds due 2028 jumped the most ev...
Tags: Travel, Saudi Arabia, Qatar, Bahrain, Lebanon, Cnbc, Persian Gulf, Rupert Neil Bumfrey, Moody 's Investors Service, Record Bond Rally Bloomberg


World’s Worst Economy Is a Threat to Mideast Rulers Rich or Poor - Bloomberg

World’s Worst Economy Is a Threat to Mideast Rulers Rich or Poor - Bloomberg:Saudi ministers had just finished presenting an upbeat view of the kingdom’s economic prospects for 2019 at a December conference in Riyadh when a businessman sitting in the audience burst their bubble. After congratulating the officials on their growth predictions, Abdulaziz Al-Ajlan, a textile manufacturer, politely pointed out how little their outlook resembles reality. “Many small and medium-sized companies are shut...
Tags: Travel, Middle East, International Monetary Fund, Latin America, Imf, North Africa, Riyadh, Mideast, Persian Gulf, Rupert Neil Bumfrey, Poor Bloomberg, Abdulaziz Al Ajlan


Ailing Gulf Giant #Etihad Scraps Airbus Orders, Cuts Pilot Jobs - Bloomberg

Ailing Gulf Giant Etihad Scraps Airbus Orders, Cuts Pilot Jobs - Bloomberg:Etihad Airways scrapped orders for Airbus SE jetliners and revealed plans to cut 50 pilot posts as the Persian Gulf carrier seeks to slim down operations amid mounting losses.Abu Dhabi-based Etihad canceled the purchase of 10 A320neo single-aisle jets, based on the latest monthly order figures from Airbus, while a letter to staff indicates that the flight-crew jobs, representing about 2.4 percent of pilots, will be elimin...
Tags: Travel, Airbus, Abu Dhabi, Etihad, Qatar Airways, Etihad Airways, Persian Gulf, Rupert Neil Bumfrey, Tony Douglas


Qatar’s cruise to Oman and Kuwait

The first-ever cruise between Qatar, Oman, and Kuwait is about to set sail. Qatar is planning to launch the Grand Ferry this month, and it’s the first cruise ship of its kind to operate in the Persian Gulf. The 475-foot-long ship can carry nearly 870 passengers, 670 cars, and will include over 270 cabins. The cruise liner will also provide facilities like meeting rooms, a salon, cafes, entertainment, a children’s room, a helipad, and a clinic. Kuwait City (Photo: Eyef Dee/Shutterstock) I...
Tags: Cruises, Travel, Saudi Arabia, Qatar, Iran, Egypt, Oman, Kuwait, Doha, All, Persian Gulf, Doha Qatar, Kuwait City, Sohar, United Arab Emirates Bahrain, Qatar Oman


Why Gulf Banks Are Merging Like Never Before: QuickTake - Bloomberg

Why Gulf Banks Are Merging Like Never Before: QuickTake - Bloomberg:Lenders in the Persian Gulf have been rapidly consolidating as they seek to stay competitive in an era of lower oil prices. Saudi Arabia’s biggest bank announced talks about a mega-merger with a domestic rival less than a year after the kingdom’s first such tie-up in 20 years. Abu Dhabi is working on a merger of three of its banks, potentially the emirate’s second in just over a year. And the wave continues: About a dozen other ...
Tags: Travel, Saudi Arabia, Bloomberg, Abu Dhabi, Bahrain, Persian Gulf, Rupert Neil Bumfrey, QuickTake Bloomberg


#Iran to Double Down on Investment in Oil's Growth Engine India - Bloomberg

Iran to Double Down on Investment in Oil's Growth Engine India - Bloomberg:Iran will invest about 15 billion rupees to expand a refinery run by Chennai Petroleum Corp. in south India, the company’s managing director said, amid U.S. sanctions on the Persian Gulf nation that have severely hit its oil exports.The state-run company is boosting capacity at its Nagapattinam facility by nine-fold to process 9 million tons per year and the investment is Naftiran Intertrade Co.’s share of the 275 billion...
Tags: Travel, India, Bloomberg, Iran, Chennai, Persian Gulf, Indian Oil Corp, Pandey, Nagapattinam, Rupert Neil Bumfrey, Chennai Petroleum Corp, Naftiran Intertrade Co


A Haven for Money in the Middle East, Dubai Is Losing Its Shine - Bloomberg

A Haven for Money in the Middle East, Dubai Is Losing Its Shine - Bloomberg:Ever since the first gleaming towers sprang out of the desert, Dubai has gotten used to rapid change. It’s no stranger to boom-and-bust. What’s happening now is different: a slow bleed.The city’s iconic builders are plowing ahead. Cranes are everywhere. But no one is sure who’ll occupy all that new retail and office space. Already, Dubai’s malls are noticeably less full of stores and restaurants than they once were. Expa...
Tags: Travel, Bloomberg, Emirates, Dubai, Persian Gulf, Mohammed bin Rashid Al Maktoum, Emaar Properties, Rupert Neil Bumfrey, middle east Dubai


Dubai

This morning I took a picture from my window overlooking the Jumeirah Beach resort area. There is a big Ferris wheel and beyond that the Persian Gulf. I took a taxi to the central mosque at ten oclock so I could go on the popular public tour. Ive
Tags: Travel, Dubai, Ferris, Persian Gulf, Jumeirah Beach


Breakingviews - Cox: Saudenfreude over Khashoggi absent from Doha | Reuters

Breakingviews - Cox: Saudenfreude over Khashoggi absent from Doha | Reuters:An influential Saudi Arabian prince once called Qatar, a spit of sand sticking into the Persian Gulf like a thumb, nothing more than “300 people and a television channel.” Such disdain inspired Saudi Crown Prince Mohammed bin Salman to initiate a four-nation blockade of the country. But not a year and a half later, the young Saudi monarch has acknowledged what has become apparent to the world: Qatar is doing just fine. I...
Tags: Travel, Qatar, Dubai, Abu Dhabi, Istanbul, Doha, Harrods, Reuters, Paris Saint Germain, Mohammed bin Salman, Persian Gulf, Tamim Bin Hamad Al Thani, Rupert Neil Bumfrey, Khashoggi, Jamal Khashoggi


Oil Steady Near 4-Year High as Supply Fears Counter Stock Build - Bloomberg

Oil Steady Near 4-Year High as Supply Fears Counter Stock Build - Bloomberg:Oil steadied near the highest level in almost four years as fears of a supply crunch outweighed expectations for an increase in American crude inventories.Futures were trading around $75.50 a barrel in New York, up around 0.4 percent. Supply losses from Iran to Venezuela continued to rattle markets, boosting volatility and driving prices higher. The ongoing outlook for a tightening of crude markets overshadowed forecasts...
Tags: Travel, New York, India, Opec, Bloomberg, Iran, Venezuela, South Korea Japan, Persian Gulf, Rupert Neil Bumfrey


Emirates Adds Edinburgh -- Then Cuts Flights Amid Fleet Pinch - Bloomberg

Emirates Adds Edinburgh -- Then Cuts Flights Amid Fleet Pinch - Bloomberg:Scottish capital Edinburgh is betting on a new daily air link operated by Persian Gulf carrier Emirates to bring in thousands of tourists from around the world while boosting exports of everything from smoked salmon to malt whisky. Trouble is, the service won’t stay daily for long.Flights that began Monday will be cut to five a week from the end of this month through next May amid a plane and pilot availability crunch, Emi...
Tags: Travel, Europe, Americas, Emirates, Edinburgh, Persian Gulf, Dubai International, Rupert Neil Bumfrey, Hubert Frach



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