Travel


Posts filtered by tags: Rupert Neil Bumfrey[x]


 

Mideast Joins Bitcoin ($BTC USD) Craze With First Crypto Listing in #Dubai - Bloomberg

Mideast Joins Bitcoin ($BTC USD) Craze With First Crypto Listing in Dubai - Bloomberg The Bitcoin Fund listed on the Nasdaq Dubai exchange Wednesday, the first of its kind to trade in the Middle East as cryptocurrencies grab attention globally.The stock closed at $38.30, up 10% for the day, according to prices on Nasdaq Dubai’s website.The Canadian fund was the first of its type to be listed on a major exchange, in Toronto last year. The intent of the Dubai listing is to get trading at all hou...
Tags: Travel, Elon Musk, China, Toronto, Bitcoin, Middle East, Dubai, Rupert Neil Bumfrey, Nasdaq Dubai, Tesla Inc, Dubai Bloomberg, Dalma Capital Management Ltd


#Qatar central bank governor sees no need to change currency peg regime | Reuters

Qatar central bank governor sees no need to change currency peg regime | Reuters Qatar has no need to change its currency peg regime despite concerns about rising inflation, the governor of the Gulf state’s central bank said on Wednesday.“I don’t think we’ll change our regime at this moment, there is no need,” Sheikh Abdullah bin Saud al-Thani said at an economic forum organised by Bloomberg.The Qatari riyal has been officially fixed at 3.64 to the dollar since 2001. [Author: [email protected]
Tags: Travel, Qatar, Bloomberg, Gulf, Reuters, Rupert Neil Bumfrey, Reuters Qatar, Abdullah bin Saud al Thani


#Qatar sovereign fund says focusing on warehouses, data centres | Reuters

Qatar sovereign fund says focusing on warehouses, data centres | Reuters Qatar Investment Authority (QIA) is looking at sub-segments of the real estate sector such as warehouses and data centres for investments as the pandemic affected the traditional sectors of the sector, its chief executive said on Wednesday."You have to be a little bit very specific in analysing the sector and try to really find out what are the opportunities," Mansoor bin Ebrahim al-Mahmoud told an economic forum organise...
Tags: Travel, Asia, Qatar, Bloomberg, United States, Reuters, Volkswagen AG, Rupert Neil Bumfrey, Credit Suisse CSGN, Mansoor bin Ebrahim Al Mahmoud, Reuters Qatar Investment Authority QIA


MIDEAST STOCKS #Dubai index up on property shares as major Gulf bourses ease | Reuters

Dubai's stock market ended higher on Wednesday, buoyed by gains in real estate stocks, while other major Gulf markets were little changed.Dubai's main share index (.DFMGI) rose 0.4%, with blue-chip developer Emaar Properties (EMAR.DU) rising 1.4%, while logistics firm Aramex (ARMX.DU) advanced 1.5%.Dubai repaid $500 million in bonds due on Tuesday in what the government said was a sign of fiscal stability despite the coronavirus-driven economic downturn. read moreElsewhere, DAMAC Propertie...
Tags: Travel, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Tasi, Rupert Neil Bumfrey, Saudi Telecom, Damac, Abu Dhabi Commercial Bank ADCB, Public Investment Fund, Gulf Egypt, Emaar Properties EMAR


European, Middle Eastern & African Stocks - Bloomberg #UAE #Kuwait #Israel #SaudiArabia #Qatar mid-session

European, Middle Eastern & African Stocks - Bloomberg #UAE #Kuwait #Israel #SaudiArabia #Qatar mid-session [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Qatar, Rupert Neil Bumfrey, Bloomberg UAE Kuwait Israel


Kuwait Finance House gives initial guidance for AT1 sukuk - document | Reuters

Kuwait Finance House gives initial guidance for AT1 sukuk - document | Reuters Kuwait Finance House (KFH.KW) has given initial price guidance in the 4% area for U.S. dollar-denominated Additional Tier 1 sukuk, or Islamic bonds, that will be non-callable for 5-1/2 years, a document showed on Wednesday.KFH Capital, Standard Chartered (STAN.L), Boubyan Bank (BOUK.KW), Dubai Islamic Bank (DISB.DU), Dukhan Bank, Emirates NBD Capital (ENBD.DU), First Abu Dhabi Bank (FAB.AD) and Mizuho Securities (84...
Tags: Travel, Reuters, Kuwait Finance House, Rupert Neil Bumfrey, Mizuho Securities, Reuters Kuwait Finance House KFH KW


#Saudi Aramco extends $10 bln loan on improved terms, sources say | Reuters

Saudi Aramco extends $10 bln loan on improved terms, sources say | Reuters Saudi Arabian oil giant Aramco (2222.SE) has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters.Aramco has borrowed tens of billions of dollars in the past few years to keep up with Saudi Arabia's financing needs in an era of lower oil prices.This is in addition to a public sale of a minority stake in the company and the recent le...
Tags: Travel, Saudi Arabia, Reuters, Saudi Aramco, Rupert Neil Bumfrey, Reuters Aramco


Emirates Global Aluminium in talks to refinance $6 billion loan - sources | Reuters

Emirates Global Aluminium in talks to refinance $6 billion loan - sources | Reuters Emirates Global Aluminium, one of the world’s largest aluminium producers, is in talks with banks to refinance and change the terms of a loan of about $6 billion it secured in 2019, two sources with knowledge of the matter said on Wednesday.The United Arab Emirates firm, which is owned equally by Abu Dhabi state fund Mubadala and the Investment Corporation of Dubai, is seeking to extend the tenor and lower the ...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, EBITDA, Rupert Neil Bumfrey, Mubadala, EGA, Emirates Global Aluminium, Investment Corporation, Reuters Emirates Global Aluminium, BNP Paribas Citi Emirates NBD ING


#Dubai Developer Said to Plan $2.6 Billion Debt Revamp Talks - Bloomberg

Dubai Developer Said to Plan $2.6 Billion Debt Revamp Talks - Bloomberg Illustration of the Meydan One mall project.   Source: Business Wire Dubai developer Meydan is set to meet its creditors next week to discuss a $2.6 billion debt restructuring plan aimed at giving it financial breathing space, people familiar with the matter said.PwC has been working with the company to put together a proposal, which will be presented at a meeting with bank creditors, the people said, askin...
Tags: Travel, Bloomberg, Pwc, Dubai, Meydan, Rupert Neil Bumfrey, Business Wire Dubai


Oil Climbs Above $73 With Report Pointing to Falling Stockpiles - Bloomberg

Oil Climbs Above $73 With Report Pointing to Falling Stockpiles - Bloomberg PRICES West Texas Intermediate for August delivery rose 0.6% to $73.31 a barrel on the New York Mercantile Exchange at 7:38 a.m. in London after slipping 0.4% in the previous session.The July contract expired Tuesday.Brent for August settlement was up 0.8% to $75.43 on the ICE Futures Europe exchange after dipping 0.1% on Tuesday. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Europe, London, Bloomberg, New York Mercantile Exchange, Rupert Neil Bumfrey


Mall operator says #UAE Q4 retail revenue to be greater than pre-pandemic | Reuters

Mall operator says UAE Q4 retail revenue to be greater than pre-pandemic | Reuters Middle East shopping mall operator Majid Al Futtaim said on Wednesday retail revenues in the United Arab Emirates in the latter part of 2021 are likely to exceed those seen before the pandemic, as more people are vaccinated and Dubai Expo 2020 begins.Privately-held Majid Al Futtaim has 27 shopping centres, including in the UAE, Egypt and Saudi Arabia, and franchisee rights for brands including Abercrombie & Fitc...
Tags: Travel, Saudi Arabia, Middle East, United Arab Emirates, Dubai, Oman, Muscat, Uae, Gulf, Reuters, Abercrombie Fitch, Majid Al Futtaim, Lululemon Athletica, UAE Egypt, Rupert Neil Bumfrey, Alain Bejjani


State-owned Qatari Diar refinancing debt, chairman says | Reuters

State-owned Qatari Diar refinancing debt, chairman says | Reuters Qatari Diar Real Estate Investment Co, owned by the Qatar Investment Authority (QIA), is refinancing its debt facilities to take advantage of low rates, its chairman said on Wednesday."We have taken advantage of the low rate," Khalid bin Khalifa Al Thani told an economic forum organised by Bloomberg.He said he expected low interest rates would remain for a "few years to come".As of 2020, Qatari Diar had 50 investment projects in...
Tags: Travel, Bloomberg, Reuters, Qatar Investment Authority QIA, Rupert Neil Bumfrey, Diar, Khalid bin Khalifa Al Thani, Reuters Qatari Diar Real Estate Investment Co


#SaudiArabia Grants Digital Banking License to Two Firms - Bloomberg

Saudi Arabia Grants Digital Banking License to Two Firms - Bloomberg Saudi Arabia granted digital banking license to two firms as the use of finance technology spreads in the Middle East.STC Pay, launched by the kingdom’s biggest mobile operator Saudi Telecom in 2018, will be converted into a digital bank with a capital of 2.5 billion riyals ($667 million), according to a central bank statement. It will be called STC Bank.A second firm, led by Abdul Rahman bin Saad Al-Rashed & Sons Co., will f...
Tags: Travel, Middle East, Abdul Rahman, Western Union, STC, Rupert Neil Bumfrey, Saudi Telecom, Bloomberg Saudi Arabia, Regulatory Sandbox, Saudi Arabia Grants Digital Banking License, STC Bank, Saad Al Rashed Sons Co, Saudi Digital Bank Saudi Telecom


Oil resumes climb on large U.S. oil stocks drawdown | Reuters

Oil resumes climb on large U.S. oil stocks drawdown | Reuters Oil prices rose on Wednesday after industry data showed U.S. crude inventories fell more than expected, reinforcing views of a tightening supply-demand balance with road and air travel picking up in Europe and North America. U.S. West Texas Intermediate (WTI) crude futures jumped 33 cents, or 0.5%, to $73.18 a barrel at 0217 GMT, after falling 60 cents on Tuesday.Brent crude futures jumped 42 cents, or 0.6%, to $75.23 a barrel, af...
Tags: Travel, Europe, North America, Reuters, Reuters Oil, American Petroleum Institute, Rupert Neil Bumfrey


Oil settles slightly lower as OPEC+ discusses raising production | Reuters

Oil settles slightly lower as OPEC+ discusses raising production | Reuters Crude oil prices settled slightly lower on Tuesday after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019.U.S. West Texas Intermediate (WTI) crude fell 60 cents, or 0.8%, to $73.06 a barrel.OPEC+ is discussing a gradua...
Tags: Travel, Opec, Reuters, Reuters Crude, Rupert Neil Bumfrey


Deutsche Bank’s Top Qatari Holder Says Time Is Ripe for Mergers - Bloomberg

Deutsche Bank’s Top Qatari Holder Says Time Is Ripe for Mergers - Bloomberg Deutsche Bank AG’s top Qatari shareholder signaled his backing for consolidation in Europe’s financial services industry, arguing that the continent’s lenders need scale to compete globally.In a rare interview, former Qatari prime minister and influential investor Sheikh Hamad bin Jassim bin Jabor Al Thani said European lenders should start merging now to confront the growing strength of U.S. and Chinese lenders. Asked...
Tags: Travel, Europe, Qatar, Bloomberg, Deutsche Bank, Hamad bin Khalifa Al Thani, Hamad, Rupert Neil Bumfrey, Time Is Ripe for Mergers Bloomberg, Hamad bin Jassim bin Jabor Al Thani, Paramount Services Holdings, Supreme Universal Holdings


MIDEAST STOCKS Major Gulf markets gain as financial shares rise | Reuters

Major stock markets in the Gulf ended higher on Tuesday, supported by their financial stocks, with the Abu Dhabi index leading the gains. Saudi Arabia's benchmark index  (.TASI)  added 0.3%, with Saudi National Bank  (1180.SE)  rising 2.5% and petrochemical maker Saudi Basic Industries  (2010.SE)  strengthening 0.7%. Yemen's warring parties are thrashing out terms for a peace deal that would extricate the kingdom from a costly war and help alleviate a devastating humanitarian crisis, Reu...
Tags: Travel, Saudi Arabia, Qatar, Iran, United Arab Emirates, Dubai, Oman, Abu Dhabi, Yemen, Uae, Gulf, Reuters, Riyadh, Adi, Dubai International Airport, Tasi


#SaudiArabia Covid Loan Deferral Support for Small Businesses Extended - Bloomberg

Saudi Arabia Covid Loan Deferral Support for Small Businesses Extended - Bloomberg Saudi Arabia extended a loan deferral program to help small businesses cope with the fallout of the coronavirus pandemic by three months to the end of September.The so-called Deferred Payment Program has already impacted 167 billion riyals ($45 billion) of payments since it began in March 2020, the Saudi central bank said in a statement Tuesday.The program been extended several times to help support economic gro...
Tags: Travel, Bloomberg, Rupert Neil Bumfrey, Bloomberg Saudi Arabia, Deferred Payment Program


Oil to Near $100, Commodities Boom Likely to Resume: #Qatar Forum - Bloomberg

Oil to Near $100, Commodities Boom Likely to Resume: Qatar Forum - Bloomberg Oil prices are likely to keep rising toward $100 a barrel while a cool-off in commodity prices won’t last, leaders of key firms said at the Qatar Economic Forum on Tuesday. The head of Royal Dutch Shell Plc said governments will need to help companies cut customer emissions.Earlier, one of Deutsche Bank AG’s top shareholders signaled his backing for consolidation in Europe’s financial services industry, arguing that t...
Tags: Travel, Europe, Qatar, Bloomberg, Bitcoin, Treasury, Royal Dutch Shell Plc, Deutsche Bank AG, Lawrence Summers, Ray Dalio, Rupert Neil Bumfrey, Michael Novogratz, Bloomberg Oil, Qatar Economic Forum


Sovereign fund PIF considers #Saudi Telecom stake sale, sources say | Reuters

Sovereign fund PIF considers Saudi Telecom stake sale, sources say | Reuters Saudi Arabia’s Public Investment Fund (PIF) is considering divesting part of its stake in Saudi Telecom, sources close to the matter told Reuters, as the sovereign wealth fund seeks to monetise some of its assets.The fund, which holds $430 billion of assets, has hired Goldman Sachs and Saudi National Bank’s (SNB) investment banking arm to arrange a transaction, three sources said, declining to be named because the mat...
Tags: Travel, Saudi Arabia, Goldman Sachs, SNB, Pif, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey, Saudi Telecom, Public Investment Fund PIF, Saudi National Bank


#Dubai government repays $500mln bond certificates | ZAWYA MENA Edition

Dubai government repays $500mln bond certificates | ZAWYA MENA Edition The government of Dubai has repaid its $500 million Euro bond maturing on 22 June 2021.Upon maturity, all the notes have been redeemed in full by making the required payment through the paying agent to the holders of the notes, along with accrued interest, the government media office said on Twitter."The Government of Dubai’s ability to fulfill its financial obligations reflects its deep fiscal stability amidst the circumst...
Tags: Travel, Dubai, Uae, Department of Finance, UAE Central Bank, Rupert Neil Bumfrey, Khaled Mohamed Balama, Abdulrahman Saleh Al Saleh


European, Middle Eastern & African Stocks - Bloomberg #UAE #Kuwait #Israel #SaudiArabia #Qatar close

European, Middle Eastern & African Stocks - Bloomberg #UAE #Kuwait #Israel #SaudiArabia #Qatar close [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Qatar, Rupert Neil Bumfrey, Bloomberg UAE Kuwait Israel


MIDEAST STOCKS #Qatar gains as major Gulf markets rise | Reuters

MIDEAST STOCKS Qatar gains as major Gulf markets rise | Reuters Major Gulf markets rose in early trade on Tuesday, mostly lifted by financial stocks, while Qatar was boosted by its blue-chip shares.The Qatari benchmark (.QSI), up 0.6%, saw broad-based gains, with telecom firm Ooredoo (ORDS.QA) jumping about 6%.Qatar's foreign minister on Monday received the new Saudi ambassador to Doha, the first to be reinstated by Arab states after they agreed to end a dispute with Qatar earlier this year. R...
Tags: Travel, Qatar, Iran, Oman, Abu Dhabi, Yemen, Doha, Ooredoo, Gulf, Reuters, Riyadh, Dubai International Airport, Tasi, Qatar Saudi Arabia, Rupert Neil Bumfrey, Al Rajhi Bank


GlobalFoundries Invests $4 Billion in Singapore Chipmaking Plant - Bloomberg

GlobalFoundries Invests $4 Billion in Singapore Chipmaking Plant - Bloomberg GlobalFoundries Inc. will build a $4 billion chipmaking plant in Singapore slated to start in 2023, choosing Asia for the site of its latest expansion despite Biden administration calls to bring home semiconductor manufacturing.The U.S.-based company joins rivals from Taiwan Semiconductor Manufacturing Co. to Samsung Electronics Co. that are expanding capacity to help address a persistent shortfall of chips for everyt...
Tags: Travel, Asia, Singapore, Biden, Taiwan Semiconductor Manufacturing Co, Dresden Germany, Samsung Electronics Co, Rupert Neil Bumfrey, Tom Caulfield, Singapore Chipmaking Plant Bloomberg


Crude Oil Price: Russia Weighs Proposing OPEC+ Output Hike at Next Week’s Meet - Bloomberg

Crude Oil Price: Russia Weighs Proposing OPEC+ Output Hike at Next Week’s Meet - Bloomberg Russia is considering proposing an OPEC+ oil-output increase at the group’s meeting next week because the nation sees a supply deficit in the market, according to officials familiar with the matter.Moscow expects the current global oil-output deficit to persist in the medium term, two officials said, asking not to be named because the discussions are not public. The country’s final position going into th...
Tags: Travel, Saudi Arabia, Russia, Opec, Moscow, Goldman Sachs, International Energy Agency, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey, Prince Abdulaziz Bin Salman, Meet Bloomberg, Iran Opec, Meet Bloomberg Russia


#Qatar May Sit Out Gulf Debt Binge, Acting Finance Minister Explains - Bloomberg video

Qatar May Sit Out Gulf Debt Binge, Acting Finance Minister Explains - Bloomberg One of the Gulf’s largest and highest-rated borrowers won’t need to return to the debt market any time soon, though it may choose to take advantage of low interest rates. Ali Al Kuwari, Qatar’s acting finance minister and the Minister of Commerce and Industry says "the only time we might need financing is just to improve our financial position." He speaks with Bloomberg's Simone Foxman. (Source: Bloomberg) [A...
Tags: Travel, Qatar, Bloomberg, Gulf, Rupert Neil Bumfrey, Simone Foxman, Ali Al Kuwari Qatar, Minister of Commerce and Industry


#AbuDhabi's ADQ gets Aa2 rating with stable outlook | ZAWYA MENA Edition

Abu Dhabi's ADQ gets Aa2 rating with stable outlook | ZAWYA MENA Edition Moody's Investors Service assigned a long-term issuer rating of Aa2 for Abu Dhabi Developmental Holding Company (ADQ), with a stable outlook, on par with the Government of Abu Dhabi. ADQ, formerly known as Abu Dhabi Development Holding, was set up in 2018 and owns some of Abu Dhabi's national champions such as TAQA and SENAAT.In addition, it owns Abu Dhabi Ports, Abu Dhabi Airport and bourse operator ADX.In all, it has di...
Tags: Travel, Abu Dhabi, Moody, Moody s Investors Service, Rupert Neil Bumfrey, Taqa, Abu Dhabi Ports, ADQ, Abu Dhabi Ports Abu Dhabi Airport, Abu Dhabi Developmental Holding Company ADQ, Government of Abu Dhabi ADQ, Abu Dhabi Development Holding, Julien Haddad


#Dubai's investment arm ICD records full year loss of 15.50 billion dirhams | Reuters

Dubai's investment arm ICD records full year loss of 15.50 billion dirhams | Reuters Investment Corp. of Dubai, the Dubai government’s main investment arm, on Tuesday reported a loss for last year as the coronavirus pandemic impacted its portfolio companies.The firm reported a loss of 15.50 billion dirhams ($4.22 billion) for 2020 after a profit of 25 billion dirhams a year earlier, according to a regulatory filing.ICD said the pandemic crisis significantly affected its operations and said its...
Tags: Travel, Emirates, Dubai, Group, Reuters, Emirates NBD, Emaar Properties, Emirates National Oil Company, Rupert Neil Bumfrey, ICD, Mohammed Ibrahim Al Shaibani, Reuters Investment Corp


Damac founder delays share acquisition for SCA review | ZAWYA MENA Edition

Damac Properties founder Hussain Sajwani’s offer to acquire shares and take the firm private has been delayed after UAE’s securities regulator, Securities & Commodities Authority (SCA), has started a review of the transaction.The UAE’s stock market regulator is to review the prospective acquisition, which would see Maple Invest Co, owned by Sajwani, owning no less than 90 percent and up to 100 percent of Damac’s shares, the company notified Dubai Financial Markets. Sajwani’s offer to buy Damac P...
Tags: Travel, Uae, SCA, DAMAC Properties, Rupert Neil Bumfrey, Damac, Hussain Sajwani, DFM, Sajwani, Securities Commodities Authority SCA, Maple Invest Co, Dubai Financial Markets Sajwani


Oil rises on optimism of quick recovery in global demand | Reuters

Oil rises on optimism of quick recovery in global demand | Reuters Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as investors remained bullish about a quick recovery in global oil demand and as concerns eased over an early return of Iranian crude.Brent crude futures for August climbed 29 cents, or 0.4%, to $75.19 a barrel by 0658 GMT, paring earlier losses. It rose as high as $75.27 a barrel, the strongest since April 25, 2019, earlier i...
Tags: Travel, Brent, Wti, Reuters, Reuters Crude, Rupert Neil Bumfrey



Filters
show more filters
April - 2021
MoTuWeThFrSaSu
   1234
567891011
12131415161718
19202122232425
2627282930  
May - 2021
MoTuWeThFrSaSu
     12
3456789
10111213141516
17181920212223
24252627282930
31      
June - 2021
MoTuWeThFrSaSu
 123456
78910111213
14151617181920
21222324252627
282930