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#SaudiArabia to Restore Postal Service to #Qatar Amid Rift - Bloomberg

Saudi Arabia to Restore Postal Service to Qatar Amid Rift - Bloomberg:Saudi Arabia and Egypt are resuming postal service to Qatar -- frozen during a diplomatic rift that’s lasted nearly three years -- following a similar move by the United Arab Emirates.It wasn’t immediately clear whether the move indicated a broader mending of ties between the states, mired since June 2017 in a dispute that’s hurt trade and split the six-nation Gulf Cooperation Council at a time of heightened tensions with Iran...
Tags: Travel, Saudi Arabia, Qatar, Iran, Egypt, United Arab Emirates, Oman, Gulf Cooperation Council, Rupert Neil Bumfrey, Universal Postal Union, UN 's Universal Postal Union, Restore Postal Service, Qatar Amid Rift Bloomberg


UPDATE 1- #UAE's FAB to decide on Bank Audi's Egypt business acquisition in Q2 - Reuters

UPDATE 1-UAE's FAB to decide on Bank Audi's Egypt business acquisition in Q2 - Reuters:First Abu Dhabi Bank expects to decide in the second quarter whether it will buy Bank Audi’s Egyptian business, a senior executive said on Monday, as it eyes expansion in the Arab world’s most populous nation.FAB, which is the biggest lender in the United Arab Emirates, has identified Saudi Arabia and Egypt as two key markets for overseas expansion, its chief financial officer, James Burdett, told reporters.“W...
Tags: Travel, Saudi Arabia, Egypt, United Arab Emirates, Lebanon, Uae, Reuters, Rupert Neil Bumfrey, KSA Kingdom of Saudi Arabia, First Abu Dhabi Bank, Karim Karoui, James Burdett, Bank Audi, Bank Audi Egypt, Bank Audi Reuters


HSBC’s #SaudiArabia Affiliate Seeks to Boost Corporate Lending - Bloomberg

HSBC’s Saudi Arabia Affiliate Seeks to Boost Corporate Lending - Bloomberg:HSBC Holdings Plc’s affiliate in Saudi Arabia is ready to “compete aggressively” to regain market share in corporate lending after acquiring Alawwal Bank.“We have no appetite whatsoever to continue to lose market share,” Saudi British Bank’s Managing Director David Dew said in an interview in Riyadh. “For SABB, margins as a whole have peaked for this particular interest rate cycle and are now on a downward trend.”The lend...
Tags: Travel, Saudi Arabia, Hsbc, Riyadh, HSBC Holdings Plc, Dew, Rupert Neil Bumfrey, Sabb, Saudi British Bank, Alawwal Bank, David Dew, Boost Corporate Lending Bloomberg


MIDEAST STOCKS- #Saudi leads Gulf lower as coronavirus fears escalate - Agricultural Commodities - Reuters

MIDEAST STOCKS-Saudi leads Gulf lower as coronavirus fears escalate - Agricultural Commodities - Reuters:Most Gulf stock markets opened lower on Monday, tracking weakness in global shares and oil prices, as the rapid spread of a coronavirus in several countries outside China soured sentiment.Global shares extended losses as concerns about the impact of the virus grew, with sharp rises in infections in South Korea, Italy and Iran.Brent crude fell by $1.42, or 2.4%, to $57.08 a barrel by 0552 GMT,...
Tags: Travel, Saudi Arabia, China, Gulf, Riyad Bank, Rupert Neil Bumfrey, Al Rajhi Bank, South Korea Italy, Iran Brent, Agricultural Commodities Reuters, Saudi Basic Industries the world


#Saudi Regulator Seeks to Raise Capital Levels for Insurers - Bloomberg

Saudi Regulator Seeks to Raise Capital Levels for Insurers - Bloomberg:Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central bank governor said in an interview with Bloomberg TV.The new rules would “make the market more attractive to foreign investors,” Ahmed Alkholifey, governor of the Saudi Arabian Monetary Authority, said in an interview Sunday in Riyadh. Officials are trying to expedite the regulations and...
Tags: Travel, Saudi Arabia, Bloomberg, Riyadh, Rupert Neil Bumfrey, Saudi Arabian Monetary Authority, Bupa Arabia, Alkholifey, Raise Capital Levels for Insurers Bloomberg, Ahmed Alkholifey, The Company for Cooperative Insurance, Tawuniya


Damac Properties GM reveals plans for #Saudi expansion - Arabianbusiness

Damac Properties GM reveals plans for Saudi expansion - Arabianbusiness:Dubai-based property developer Damac Properties is looking to expand into Saudi Arabia.Ali Sajwani, general manager of operations, who has a strategic overview of the UAE and international businesses, revealed in an interview with Saudi publication Arab News, that the kingdom is very much part of the company’s future plans.The 28-year-old said: “Over the next five years, under [Crown Prince] Mohammed bin Salman, it (Saudi) h...
Tags: Travel, Saudi Arabia, Dubai, Uae, DAMAC Properties, Rupert Neil Bumfrey, RSB- Mohammed bin Salman, Damac Properties GM, Saudi Arabia Ali Sajwani


#SaudiArabia in touch with other countries on #Lebanon aid - finmin - Reuters

Saudi Arabia in touch with other countries on Lebanon aid - finmin - Reuters:Saudi Arabia is in contact with other countries to coordinate any support for Lebanon based on economic reforms, the kingdom’s finance minister said on Sunday.“The kingdom has been and will remain supportive to Lebanon and the Lebanese people,” Mohammed al-Jadaan told reporters at the end of a meeting of finance officials from the Group of 20 countries. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Lebanon, Reuters, Rupert Neil Bumfrey, Mohammed al Jadaan


MIDEAST STOCKS-Banks weigh on #Saudi, #Dubai as most major Gulf markets fall - Reuters

MIDEAST STOCKS-Banks weigh on Saudi, Dubai as most major Gulf markets fall - Reuters:Most major Gulf stock markets fell onSunday, with Saudi Arabia hurt by losses in banking shares thatoutweighed gains in Saudi Aramco and Emirates NBD dragging theDubai index lower.Saudi Arabia's benchmark index closed down 0.3% asSaudi Telecom dropped 2% and the country's largestlender National Commercial Bank fell 1.3%. But the index was supported by Saudi Aramco, whichrose 1.2% in its straight fifth session...
Tags: Travel, Saudi Arabia, Eu, Dubai, Gulf, Reuters, Saudi Aramco, Emirates NBD, Air Arabia, Rupert Neil Bumfrey, National Commercial Bank, Saudi Dubai, Jafurah, asSaudi Telecom, IndustriesCorp SABIC SABIC


MIDEAST STOCKS-Major Gulf markets mixed, banks weigh on #Saudi index - Agricultural Commodities - Reuters

MIDEAST STOCKS-Major Gulf markets mixed, banks weigh on Saudi index - Agricultural Commodities - Reuters:Major Gulf stock markets were mixed in early trade on Sunday as banking shares dragged Saudi index lower, while petrochemical shares supported the Qatari index.Saudi Arabia’s benchmark index edged down 0.2%, with Al Rajhi Bank and Banque Saudi Fransi both down 0.4% and 2.3% respectively.But the index was supported by Saudi Aramco, which rose 0.5% in its straight fifth session of gains.The oil...
Tags: Travel, Saudi Arabia, Gulf, Saudi Aramco, Rupert Neil Bumfrey, Banque Saudi Fransi, Al Rajhi Bank, Major Gulf, Agricultural Commodities Reuters


OPEC Emperor #SaudiArabia Has Fallen For Russia's Tricks - Bloomberg

OPEC Emperor Saudi Arabia Has Fallen For Russia's Tricks - Bloomberg: Russia’s oil output cuts are as real as the emperor’s new clothes, OPEC just can’t admit it.   Source: Culture Club/Hulton Archive As the Covid-19 virus hit demand for oil, OPEC kingpin Saudi Arabia wanted an urgent meeting among the cartel’s members and their international partners in order to bring in deeper and longer output cuts. Russia didn’t, and now the emergency gathering of the 23-nation coalition kn...
Tags: Travel, Saudi Arabia, Russia, Opec, Sam, Salman, Rupert Neil Bumfrey, Tricks Bloomberg, Culture Club Hulton, Hans Christian AndersenSalman Prince of the Desert


#SaudiArabia to Invest $110 Billion in Jafurah Gas Field - Bloomberg

Saudi Arabia to Invest $110 Billion in Jafurah Gas Field - Bloomberg:Saudi Arabia plans to invest 412 billion riyals ($110 billion) to develop unconventional natural gas reserves in the eastern Jafurah field, according to the kingdom’s official Saudi Press Agency.Crown Prince Mohammed bin Salman presided over a meeting of the Saudi High Commission for Hydrocarbons on Thursday during which the development plans were reviewed, the agency reported late Friday. The field is estimated to hold 200 tri...
Tags: Travel, Saudi Arabia, Mohammed bin Salman, Saudi Press Agency, Saudi Arabian Oil Co, Rupert Neil Bumfrey, Amin Nasser, Jafurah, Jafurah Gas Field Bloomberg, Saudi High Commission for Hydrocarbons


Airport Security Director Fired After Falling For A Scammer’s Trick, Buying Him Gift Cards

Milwaukee airport’s security manager has been fired after falling for a scam, buying gift cards and sending them to someone in Saudi Arabia posing as her boss. She's the security director and she's not careful dealing with online scammers. That's not a good look, and she was let go for "substandard or careless job performance." However what she ran into is very common and part of a multi-billion dollar scam that I've run into many times over the past three years. Continue reading Airport Securi...
Tags: Travel, Airports, Saudi Arabia, Milwaukee, Scam


UPDATE 2- #Saudi economy set to grow this year, driven by non-oil sector - central bank - Reuters

UPDATE 2-Saudi economy set to grow this year, driven by non-oil sector - central bank - Reuters:Saudi Arabia’s economy is expected to grow this year, supported by the non-oil sector, despite a challenging global economic backdrop, the Saudi central bank governor said on Saturday as the kingdom hosts the G20 meeting. Ahmed al-Kholifey said it was too early to see the full picture of the economic damage caused by the new coronavirus, which has emerged in China and spread globally.The Saudi Arabian...
Tags: Travel, Saudi Arabia, China, Reuters, Riyadh, Rupert Neil Bumfrey, Ahmed al Kholifey, Kholifey, Saudi Arabian Monetary Authority


Oil slides 1% on renewed fears over toll from coronavirus - Reuters

Oil slides 1% on renewed fears over toll from coronavirus - Reuters:Oil prices fell about 1% on Friday on renewed concerns about crude demand being pinched by the economic impact of the coronavirus outbreak, while OPEC and allied producers appeared to be in no rush to curb output.The latest signs of infections outside the Hubei province epicenter in China spurred a selloff across financial markets, as G20 policymakers traveled to Saudi Arabia for talks on the global economy.Brent crude LCOc1 tum...
Tags: Travel, Saudi Arabia, China, Opec, Reuters, Hubei Province, Rupert Neil Bumfrey


Oil falls over 2% on concerns over economic toll from virus - Reuters

Oil falls over 2% on concerns over economic toll from virus - Reuters:Oil prices slid more than 2% on Friday as investors fretted about crude demand being pinched by the economic impact of the coronavirus outbreak, while leading producers appeared to be in no rush to curb output.The latest signs of infections outside the Hubei province epicentre spurred a selloff across financial markets, as G20 policymakers travelled to Saudi Arabia for talks on the global economy. Brent crude LCOc1 was down $1...
Tags: Travel, Saudi Arabia, Saxo Bank, Reuters, Hubei Province, Rupert Neil Bumfrey, Ole Hansen


Why the Breach Between Saudis, Qataris Goes On and On: QuickTake - Bloomberg

Why the Breach Between Saudis, Qataris Goes On and On: QuickTake - Bloomberg:When Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties and transportation links with Qatar in June 2017, there were expectations that the rulers would resolve the spat quietly among themselves, as they did a similar dispute three years earlier. Instead, the group issued tough demands, Qatar refused to bend, and the breach hardened. Qatar even quit OPEC at the start of 2019 in a rare rupture o...
Tags: Travel, Saudi Arabia, Opec, Qatar, Egypt, United Arab Emirates Bahrain, Rupert Neil Bumfrey, QuickTake Bloomberg


#SaudiArabia raises holdings of US Treasuries to $180bln in December | ZAWYA MENA Edition

Saudi Arabia raises holdings of US Treasuries to $180bln in December | ZAWYA MENA Edition:Saudi Arabia raised its holdings of US Treasuries by $7.6 billion or 4.41% year-on-year during December 2019, according to data released by the US Department of the Treasury on Wednesday.Total Saudi investments in US debt instruments climbed to $179.8 billion at the end of last December, compared to $172.2 billion at the end of 2018, data showed. Month-on-month, the kingdom’s holdings of US Treasuries edged...
Tags: Travel, UK, Saudi Arabia, US, Kuwait, Uae, Japan China, US Treasuries, Rupert Neil Bumfrey, US Department of the Treasury


#Saudi Prince Looks to G-20 to Shift Focus From Khashoggi, Yemen - Bloomberg

Saudi Prince Looks to G-20 to Shift Focus From Khashoggi, Yemen - Bloomberg:Fiddling with a string of prayer beads, Saudi palace adviser Fahad Toonsi leaned forward in his seat to share a rare story from the crown prince’s inner circle.With the kingdom about to embark on a year in the international spotlight as host of this year’s Group of 20 gatherings, Prince Mohammed bin Salman had rejected event logos designed by some of the world’s top agencies in his pursuit of something typically Saudi. T...
Tags: Travel, Saudi Arabia, Yemen, Mohammed, Prince Mohammed bin Salman, Rupert Neil Bumfrey, Shift Focus From Khashoggi Yemen Bloomberg, Fahad Toonsi, Toonsi, Mohammed Al Hawas


Oil Shrugs Off Virus to Eye $60 on Stimulus and Supply Threats - Bloomberg

Oil Shrugs Off Virus to Eye $60 on Stimulus and Supply Threats - Bloomberg:Oil extended gains to an eighth day on optimism that China will be able to soften the demand hit from the coronavirus, even as Saudi Arabia signaled heightened concerns about the outbreak.China’s banks cut benchmark borrowing costs for new corporate and household loans after Beijing slashed a range of policy rates this month in response to the epidemic that’s pushed refinery runs down by 25% this year. Saudi Energy Minist...
Tags: Travel, Saudi Arabia, China, Opec, Bloomberg, Beijing, Rupert Neil Bumfrey, Abdulaziz bin Salman


#SaudiArabia Equates Coronavirus’s Oil Impact to a House on Fire - Bloomberg

Saudi Arabia Equates Coronavirus’s Oil Impact to a House on Fire - Bloomberg:Saudi Arabia gave the clearest signal yet of its concerns about the impact of the coronavirus on oil markets, comparing the situation to a blaze that needs the fire brigade.In his first public comments on the virus since January, when he said the epidemic would have a “very limited impact” on oil demand, Saudi Energy Minister Prince Abdulaziz bin Salman described more urgent circumstances to an audience in Riyadh on Wed...
Tags: Travel, Saudi Arabia, House, Riyadh, Rupert Neil Bumfrey, Abdulaziz bin Salman, Fire Bloomberg


OPEC Sends Official Invites for March Meeting: Delegates - Bloomberg

OPEC Sends Official Invites for March Meeting: Delegates - Bloomberg:OPEC sent out invitations for the meetings between the cartel and its allies on March 5 and 6, delegates said, signaling that plans for an emergency gathering have faded away.The 23-nation coalition known as OPEC+ had already scheduled the conference for early March when it last assembled in December.Saudi Arabia -- the Organization of Petroleum Exporting Countries’ biggest producer -- had pushed for an early meeting to conside...
Tags: Travel, Asia, Saudi Arabia, Russia, Opec, Bloomberg, Organization of Petroleum Exporting Countries, Rupert Neil Bumfrey


Pompeo in #SaudiArabia to talk #Iran, economy and human rights - Reuters

Pompeo in Saudi Arabia to talk Iran, economy and human rights - Reuters:U.S. Secretary of State Mike Pompeo arrived in Saudi Arabia on Wednesday to discuss regional security, namely Iran, after the U.S. killing last month of a top Iranian general pushed the oil-producing region closer to an all-out war.In meetings with King Salman and Crown Prince Mohammed bin Salman over the next two days, Pompeo will also raise economic and human rights issues like the case of a Saudi-American physician who re...
Tags: Travel, Saudi Arabia, Iraq, Iran, United States, Tehran, Trump, Reuters, Riyadh, State, Mohammed bin Salman, Salman, Pompeo, Qassem Soleimani, Mike Pompeo, Rupert Neil Bumfrey


MIDEAST STOCKS- #Saudi leads most of Gulf higher; #Dubai bucks the trend | Nasdaq

:Most stocks in the Gulf closed higher on Thursday, with Saudi leading gains that tracked global share and oil prices as investor worries about the coronavirus epidemic eased somewhat after a slight decline in the number of new cases. Mainland China had 1,749 new confirmed cases of coronavirus infections on Tuesday, the country's National Health Commission said on Wednesday, down from 1,886 cases a day earlier and the lowest since Jan. 29.Brent crude LCOc1 was up by 75 cents at $58.50 a barrel b...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Mainland China, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, National Health Commission


#Saudi Dar Al Arkan starts marketing $300-$400 mln 7-year sukuk - document - Reuters

Saudi Dar Al Arkan starts marketing $300-$400 mln 7-year sukuk - document - Reuters:Saudi Arabia’s Dar Al Arkan Real Estate Development Co has begun marketing $300-$400 million in seven-year sukuk at 7.375-7.5%, a document from one of the banks leading the deal showed on Wednesday.Dar Al Arkan hired AlKhair Capital, Citi, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, Mashreqbank, Nomura, Standard Chartered Bank and Warba Bank to lead the deal, which is expected to close later on Wedne...
Tags: Travel, Saudi Arabia, Reuters, Rupert Neil Bumfrey, Dar Al Arkan, Dar Al Arkan Real Estate Development, Warba Bank, Dar Al Arkan Real Estate Development Co, Saudi Dar Al Arkan, Dar Al Arkan Sukuk Company Ltd


MIDEAST STOCKS-Gulf stocks little changed; blue chips down in Dubai - Reuters

MIDEAST STOCKS-Gulf stocks little changed; blue chips down in Dubai - Reuters:Most major Gulf stock markets traded in positive territory early on Tuesday, led by financial stocks and corporate announcements, but Dubai’s index retreated on a sell-off by blue chips.Saudi Arabia’s benchmark index rose 0.4%, driven by a 1.1% gain in Saudi Basic Industries and a 0.3% rise in Saudi Aramco.Aramco Trading Co has sealed a new deal to secure long-term crude oil supplies from state-run Kuwait Petroleum Cor...
Tags: Travel, Asia, Saudi Arabia, Dubai, Gulf, Reuters, Saudi Aramco, Dubai Reuters, Rupert Neil Bumfrey, Saudi Basic Industries, Kuwait Petroleum Corp, Saudi Aramco Aramco Trading Co, Al Moammar Information Systems Co


2020 ideas for solo female travelers

No mere trend: Solo female travel is here to stay. Women around the world are getting out of their comfort zones to discover the challenges and rewards of planning and executing a trip all on their own. Solo travel encourages confidence, allows you the freedom to do exactly what you want on a trip without having to compromise, grants total immersion in a different environment and culture, and gives you the chance to connect with locals and other travelers. Whether you’re looking to make new f...
Tags: Travel, South Korea, Japan, Mexico, Saudi Arabia, Africa, US, Earth, Unesco, Canada, Santiago, Chile, Hawaii, Morocco, Mexico City, Middle East


UPDATE 2- #Saudi Arabia's Riyad Bank sells $1.5 billion 10-yr Islamic bonds - Reuters

UPDATE 2-Saudi Arabia's Riyad Bank sells $1.5 billion 10-yr Islamic bonds - Reuters:Saudi Arabia’s Riyad Bank has sold $1.5 billion in 10-year dollar sukuk, callable after five years, at 180 basis points (bps) over five-year mid-swaps, a document showed on Tuesday.The bank garnered more than $7.8 billion in orders for the sukuk, or Islamic bonds, the document said. It tightened the spreads after it had initially started marketing the bonds at around 225 bps over mid-swaps earlier on Tuesday.Riya...
Tags: Travel, Saudi Arabia, Hsbc, Reuters, Riyad Bank, Rupert Neil Bumfrey, First Abu Dhabi Bank, JPMorgan Riyad Capital and Standard Chartered


#Saudi inflation up in January for second consecutive month - Reuters

Saudi inflation up in January for second consecutive month - Reuters:Saudi Arabia’s consumer price index rose 0.4% in January from a year earlier, official data showed on Tuesday, the second consecutive month of positive inflation after it was in negative territory for most of last year.Hikes in prices at restaurants and hotels, education, and healthcare, boosted the index, data from the General Authority for Statistics showed.Prices for food and beverages, which account for nearly 20% of the in...
Tags: Travel, Saudi Arabia, Reuters, Capital Economics, Jason Tuvey, Rupert Neil Bumfrey, General Authority for Statistics


MIDEAST STOCKS-Egyptian stocks drop ahead of c.bank meet, Mobily weighs on #Saudi - Reuters

MIDEAST STOCKS-Egyptian stocks drop ahead of c.bank meet, Mobily weighs on Saudi - Reuters:Saudi Arabia's benchmark index closed 0.2% lower with Mobily down 3.3%. The telecom operator swung to a profit of 31 million riyals($8.27 million) in 2019, but missed analysts' estimates of about 194 millionriyals, according to Refinitiv data.  State-owned Saudi Aramco closed up 0.3% at 33.2 riyals ($8.85).The Abu Dhabi index slipped 0.5% as First Abu Dhabi Bankshed 1.3% and Abu Dhabi Commercial Bank lo...
Tags: Travel, Saudi Arabia, Qatar, Abu Dhabi, Saudi Aramco, Qatar National Bank, Abu Dhabi Commercial Bank, Doha Bank, Mobily, Rupert Neil Bumfrey, Nakilat, Saudi Reuters, Refinitiv data State, First Abu Dhabi Bankshed


DP World U-turn has strings attached for #Dubai

DP World U-turn has strings attached for Dubai DP World’s self-help entails self-harm. The Dubai-based ports and logistics operator is buying back a 19.55% stake not already owned by the state in a deal valuing the company at $14 billion. There’s a logic to doing so, but investors who see the emirate as a capital hub will still raise their eyebrows. On one level, DP World is just the latest company to fall out of love with the public markets, which it entered in 2007 by listing a bit o...
Tags: Travel, Saudi Arabia, Middle East, Dubai, Gulf, DP World, Dubai World, Rupert Neil Bumfrey, Ahmed bin Sulayem, PFZW, Dubai DP World, Port Free Zone World



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