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#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


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


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


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


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


Most major Gulf bourses in red; Egypt outperforms | Reuters

Most major Gulf bourses in red; Egypt outperforms | Reuters Dubai’s main share index eased 0.1%, hit by a 0.4% fall in Emirates NBD and a 2.2% slide in budget airliner Air Arabia.The Dubai Airshow, this year’s biggest aerospace trade show and a spectacle for business deals worth billions of dollars, will be held under capacity restrictions in November due to the coronavirus pandemic, its organiser said.In Abu Dhabi, the index dropped 0.5%, weighed down by a 1.2% fall in the largest lender Firs...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, MPC, Gulf, Reuters, Emirates NBD, Dubai Airshow, Qatar Islamic Bank, Abu Dhabi Commercial Bank, Air Arabia, Rupert Neil Bumfrey, Commercial International Bank Egypt, Reuters Dubai


New Giant #Saudi Pension Fund Aims to Crack World’s Top 10 Ranks - Bloomberg

New Giant Saudi Pension Fund Aims to Crack World’s Top 10 Ranks - Bloomberg Saudi Arabia gave a first glimpse of the ambition behind the merger of two of its pension and insurance funds with a plan to rival the world’s largest investors.The new entity will boast assets of over $250 billion, according to the chief executive officer of Hassana Investment Co, the investment management arm of the kingdom’s General Organization of Social Insurance. GOSI, as the fund is known, will combine with the ...
Tags: Travel, Japan, Saudi Arabia, China, Bloomberg, PPA, Hassana, AstraZeneca PLC, Rupert Neil Bumfrey, EIG Global Energy Partners, New York State Common Retirement Fund, Al Rajhi Bank, Bloomberg Saudi Arabia, Public Pension Agency, GOSI, Global SWF


#Saudi Stocks Slump as Valuation Concerns Mount: Inside EM - Bloomberg

Saudi Stocks Slump as Valuation Concerns Mount: Inside EM - Bloomberg Middle Eastern stock markets were mixed as investors reconciled concerns of high valuations with more positive economic indicators.Saudi Arabia’s Tadawul All Share Index led losses in the Gulf, dropping as much as 0.8% on Sunday. The kingdom’s equities have climbed for six straight weeks, their longest winning streak since September, with the key gauge hovering near its highest in almost seven years amid optimism on oil pric...
Tags: Travel, Saudi Arabia, Israel, Bloomberg, Dubai, Federal Reserve, Abu Dhabi, Bahrain, Gulf, Bloomberg TV, Rupert Neil Bumfrey, Kuwait Qatar, Tarek Fadlallah, Oman Egypt, Bloomberg Middle Eastern, Nomura Asset Management 's Middle East


MIDEAST STOCKS #Saudi bourse underperforms major Gulf markets, #Qatar gains | Reuters

MIDEAST STOCKS Saudi bourse underperforms major Gulf markets, Qatar gains | Reuters Most major stock markets in the Gulf ended lower on Sunday, with the Saudi index leading the losses, although Qatar bucked the trend to close higher. The benchmark index  (.TASI)  in Saudi Arabia, fell 0.6%, with Al Rajhi Bank  (1120.SE)  and petrochemical firm Saudi Basic Industries  (2010.SE)  dropping 1.8% each. The kingdom's April crude oil exports fell to their lowest level since June 2020, official ...
Tags: Travel, Saudi Arabia, Opec, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Fitch, Dubai International Airport, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, Gulf Egypt, Qatar Islamic Bank QISB QA


Oil Price Spike: OPEC+ Must Manage Shift From Lack of Demand to Lack of Supply - Bloomberg

Oil Price Spike: OPEC+ Must Manage Shift From Lack of Demand to Lack of Supply - Bloomberg The oil market is rapidly shifting from a period of over-supply during the height of the pandemic to one of potential shortage. Producers who managed the slump now need to be diligent in managing the recovery.The oil producing countries in the OPEC+ group — led by Saudi Arabia and Russia — have done an amazing job at managing oil supplies as demand has crawled its way back from the biggest collapse in hi...
Tags: Travel, Mexico, Saudi Arabia, Russia, Opec, Donald Trump, Rupert Neil Bumfrey, Supply Bloomberg


Middle Eastern Markets Mixed, High Valuations Eyed: Inside EM - Bloomberg

Middle Eastern Markets Mixed, High Valuations Eyed: Inside EM - Bloomberg Middle Eastern stock markets were mixed as investors attempted to reconcile concerns about high valuations with more positive economic indicators.Saudi Arabia’s benchmark Tadawul All Share Index fluctuated, dropping as much as 0.8% on Sunday before trimming losses.“The macro story in Saudi Arabia is much more interesting than the micro story,” said Tarek Fadlallah, the chief executive officer of Nomura Asset Management’s...
Tags: Travel, Saudi Arabia, Israel, Bloomberg, Dubai, Federal Reserve, Bahrain, Gulf, Tadawul, Emirates NBD, Emaar Properties, Kuwait Finance House, Rupert Neil Bumfrey, Dubai Islamic Bank, National Bank of Kuwait, Ahli United Bank


Batelco Jumps to Highest Since 2008 Amid Dual Listing Plans - Bloomberg

Batelco Jumps to Highest Since 2008 Amid Dual Listing Plans - Bloomberg Bahrain Telecommunications Co. shares rallied to the highest since 2008 in heavy trading as the company weighs cross-listing its shares on Saudi Arabia’s stock exchange.Shares jumped by 2.2% to 0.61 Bahraini dinars at 11:05 a.m. local time. More than 454,000 shares were traded -- over six times the stock’s 30-day average for this time of day. The stock was the biggest gainer on the Bahrain Bourse All Share Index by points....
Tags: Travel, Saudi Arabia, Bloomberg, Bloomberg News, Rupert Neil Bumfrey, Batelco, Batelco Jumps, Bloomberg Bahrain Telecommunications Co, Batelco Bahrain


Al Rajhi Bank: Fitch boosts outlook to 'Stable' on resilient metrics | ZAWYA MENA Edition

Al Rajhi Bank: Fitch boosts outlook to 'Stable' on resilient metrics | ZAWYA MENA Edition Fitch Ratings agency has revised Saudi Arabia’s Al Rajhi Banking and Investment Corporation's outlook to ‘Stable’ from ‘Negative’, while affirming the bank's 'A-' Long-Term Issuer Default Ratings (IDR).The ratings agency assessed that pressures on the bank from the operating environment from the pandemic and lower oil prices have eased sufficiently, and that the financial metrics of the lander have been r...
Tags: Travel, Saudi Arabia, Fitch, Rupert Neil Bumfrey, Al Rajhi Bank, MENA Edition Fitch Ratings, Al Rajhi Banking and Investment Corporation


MIDEAST STOCKS Major Gulf markets mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf markets mixed in early trade | Reuters Major Gulf stock markets were mixed in early trade on Sunday with the Abu Dhabi index leading gains boosted by top lender First Abu Dhabi Bank.The benchmark index (.TASI) in Saudi Arabia, fell 0.3%, with Al Rajhi Bank (1120.SE) losing 0.9% and petrochemical firm Saudi Basic Industries (2010.SE) easing 0.7%.The kingdom's April crude oil exports fell to their lowest level since June 2020, official data showed on Thursday. OPEC and ...
Tags: Travel, Saudi Arabia, Opec, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Fitch, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, First Abu Dhabi Bank


#Saudi listed company debt jumped by half in 2020 | ZAWYA MENA Edition

Saudi listed company debt jumped by half in 2020 | ZAWYA MENA Edition The debts of companies listed on Saudi Arabia’s Tadawul stock exchange, excluding real estate funds, increased by 45 percent last year as they borrowed to face down the pandemic and took advantage of low interest rates.Debt reached SR1.3 trillion ($346 billion) at the end of the fourth quarter of 2020, up from SR899.2 billion a year earlier, Al Eqtisadiah reported, citing data from the Tadawul and Saudi Capital Market A...
Tags: Travel, Saudi Arabia, Federal Reserve, Saudi Aramco, Tadawul, Al Eqtisadiah, Rupert Neil Bumfrey, Saudi Capital Market Authority


#SaudiArabia to auction mining licenses in 2022 | ZAWYA MENA Edition

Saudi Arabia to auction mining licenses in 2022 | ZAWYA MENA Edition Saudi Arabia plans to auction two major mining licenses in 2022 for commodities including gold, copper and zinc, as the Kingdom aims to triple the mining sector’s contribution to the national gross domestic product (GDP) to SR240 billion ($64 billion) and double the number of jobs to 470,000 by 2030.The auction was announced by Vice Minister for Saudi Mining Affairs Khalid Al-Mudaifer during an interview with S&P Global ...
Tags: Travel, Saudi Arabia, Kingdom, Dubai, Barrick Gold, Alcoa, Eastern Province, Rupert Neil Bumfrey, Saudi Arabian Mining Company Ma'aden, ZAWYA MENA Edition Saudi Arabia, Khalid Al Mudaifer, Al Mudaifer, Ma'aden Bauxite, Alumina, Ras al Khair Industrial City, Al Shamal Fertilizer Production Complex


Bahrain's Batelco Telecom Considers #Saudi Dual Listing - Bloomberg

Bahrain's Batelco Telecom Considers Saudi Dual Listing - Bloomberg Bahrain’s biggest telecommunications firm is planning to become the first company to have a dual listing of shares on Saudi Arabia’s stock exchange, according to people familiar with the matter.Bahrain Telecommunications Co., also known as Batelco, has hired the investment arm of Samba Financial Group as an adviser on the deal, the people said, asking not to be identified as the information is private. No decision has been made...
Tags: Travel, Saudi Arabia, Bloomberg, Dubai, Abu Dhabi, Bahrain, Gulf, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Samba Financial Group, Khalid Al Hussan, Samba Capital, Batelco, Batelco Telecom, Bloomberg Bahrain, Bahrain Telecommunications Co


#SaudiArabia Pension, Unemployment Insurance Funds to Combine Into One Entity - Bloomberg

Saudi Arabia Pension, Unemployment Insurance Funds to Combine Into One Entity - Bloomberg Saudi Arabia will combine two state-run pension and unemployment insurance funds into an entity with almost $29 billion of local and foreign stocks.The cabinet approved the combination of the Public Pension Agency and the General Organization of Social Insurance, also known as GOSI. It’ll boost investment returns, reduce costs and help with their diversification, Finance Minister and GOSI Chairman Mohamme...
Tags: Travel, Saudi Arabia, Bloomberg, HSBC Holdings Plc, AstraZeneca PLC, Rupert Neil Bumfrey, Al Rajhi Bank, Mohammed al Jadaan, Public Pension Agency, GOSI, National Development Fund, Saudi National Bank, Combine Into One Entity Bloomberg Saudi Arabia, General Organization of Social Insurance


MIDEAST STOCKS #Dubai bourse gains, major Gulf markets fall | Reuters

MIDEAST STOCKS Dubai bourse gains, major Gulf markets fall | Reuters Most major stock markets in the Gulf ended lower on Thursday, although the Dubai index was boosted by gains in financial shares.Dubai's main share index (.DMFGI) finished 0.8% higher, buoyed by a 1.8% rise in Emirates NBD Bank (ENBD.DU) and a 0.8% increase in sharia-compliant lender Dubai Islamic Bank (DISB.DU).The United Arab Emirates (UAE) central bank raised its key overnight interest rate by 5 basis points on Thursday...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Uae, Gulf, Reuters, U S Federal Reserve, United Arab Emirates UAE, Qatar National Bank, Tasi, Rupert Neil Bumfrey, ADCB, Gulf Egypt, First Abu Dhabi Bank, Bank of America Securities


IHG To Bring Its Lifestyle Brand Hotel Indigo To The Saudi Capital

Expanding its presence in the capital city of Saudi Arabia , IHG Hotels & Resorts, one of the world’s leading hotel companies, is bringing the world’s first globally branded boutique hotel brand to the Kingdom with the signing of Hotel Indigo Riyadh King Abdallah Road. This development also marks the first hotel to be signed under the Master Development Agreement (MDA) between IHG and RIVA Development Company via its wholly owned subsidiary RIVA Hospitality for Hotel Services Company.
Tags: Travel, Saudi Arabia, Kingdom, Ihg, RIVA Development Company


MIDEAST STOCKS Major Gulf indexes mixed, #Saudi market gains | Reuters

MIDEAST STOCKS Major Gulf indexes mixed, Saudi market gains | Reuters Major Gulf stock markets were mixed in early trade on Thursday with the Saudi index supported by gains in financial shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, helped by a 0.2% gain in Al Rajhi Bank (1120.SE) and 0.8% rise in Riyad Bank (1010.SE).Goldman Sachs raised its expectations for Saudi Arabian growth this year and in 2022 amid rising oil prices and an increase in oil output by the kingdom.Dubai's mai...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Commercial Bank, Tasi, Rupert Neil Bumfrey, ADCB, QSI, Al Rajhi Bank, Qatar National Bank QNBK, Abu Dhabi Commercial Bank ADCB ADCB, Dubai Investments DINV


Saudis Say Cautious Approach to Restoring OPEC+ Output Paid Off - Bloomberg

Saudis Say Cautious Approach to Restoring OPEC+ Output Paid Off - Bloomberg Saudi Arabia’s cautious approach to reviving OPEC+ oil output has been proved correct, said Energy Minister Prince Abdulaziz bin Salman.After a year of oil market turmoil due to the coronavirus pandemic, fuel consumption is seeing robust growth and the International Energy Agency is calling for the cartel to boost supplies. Yet, in the minister’s view “we still are not out of the woods.”“Many claim that I’m excessively...
Tags: Travel, Saudi Arabia, Opec, Bloomberg, International Energy Agency, Organization of Petroleum Exporting Countries, Abdulaziz, Rupert Neil Bumfrey, Abdulaziz bin Salman, Bloomberg Saudi Arabia


Mubadala Health takes 60% stake in UEMedical in push for regional expansion | The National

Mubadala Health takes 60% stake in UEMedical in push for regional expansion | The National Mubadala Health, the healthcare unit of Abu Dhabi’s sovereign investment fund Mubadala Investment Company, is acquiring a majority stake in United Eastern Medical Services (UEMedical), as it expands its portfolio of healthcare assets beyond the UAE.The 60 per cent stake bought from Saudi Arabia’s Jadwa Investment and UAE-based United Eastern Group will add multiple hospitals and clinics that are owned an...
Tags: Travel, Saudi Arabia, GCC, Abu Dhabi, Uae, Rupert Neil Bumfrey, Mubadala Investment Company, Jadwa Investment, United Eastern Medical Services, Mubadala Health, National Mubadala Health, United Eastern Group, Hasan Jasem Al Nowais, Moorfields Eye Hospital Abu Dhabi, Al Meswak Dental Group


Mideast Stocks: Major Gulf bourses subdued in early trade | ZAWYA MENA Edition

Mideast Stocks: Major Gulf bourses subdued in early trade | ZAWYA MENA Edition Major stock markets in the Gulf were in negative territory early on Wednesday, with property shares weighing on the Dubai index.Dubai's main share index lost 0.5%, with blue-chip developer Emaar Properties dropping 1% and DAMAC Properties falling 0.8%.Last week, United Arab Emirates property tycoon Hussain Sajwani made an offer to buy out minority shareholders in DAMAC, which he has run for nearly two decades. The a...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Emaar Properties, Qatar National Bank, Rupert Neil Bumfrey, Hussain Sajwani, Masraf Al Rayan, Major Gulf, Qatar Financial Markets Authority, Sulaiman Al Habib Medical Services, First Abu Dhabi Bank Abu Dhabi


Goldman Lifts #SaudiArabia’s Growth Forecasts as Oil Prices Rise - Bloomberg

Goldman Lifts Saudi Arabia’s Growth Forecasts as Oil Prices Rise - Bloomberg Goldman Sachs Group Inc. has raised its expectations for Saudi Arabia’s oil production and economic growth as crude prices rise well over $70 a barrel.The bank’s Middle East and North Africa economist Farouk Soussa lifted his assumptions for Saudi oil production by around 500,000 barrels per day, to reach 10 million barrels by the end of 2021 and 10.5 million in 2022. That -- combined with the release of favorable non...
Tags: Travel, Saudi Arabia, Opec, Bloomberg, Middle East, Goldman, North Africa, Rupert Neil Bumfrey, Soussa, Farouk Soussa, Bloomberg Goldman Sachs Group Inc


DP World Said to Weigh Sale of Stake in Jebel Ali Free Zone - Bloomberg

DP World Said to Weigh Sale of Stake in Jebel Ali Free Zone - Bloomberg DP World is considering offering international investors a chance to buy into the Jebel Ali Free Zone, a prized asset that helped transform Dubai into a hub of global trade, as it looks for ways to cut its debt pile.The Dubai-based port operator is working with advisers to gauge interest in the sprawling industrial park, according to people familiar with the matter. DP World is considering options including selling a stake...
Tags: Travel, Europe, London, Saudi Arabia, Chile, Dubai, Abu Dhabi, State, Antwerp, DP World, Chen, Bloomberg Intelligence, Rupert Neil Bumfrey, Jebel Ali Free Zone, Sharon Chen, Puertos y Logistica


Analysis: DAMAC delisting plan piles pressure on shrinking Dubai market | Reuters

Analysis: DAMAC delisting plan piles pressure on shrinking Dubai market | Reuters Dubai’s stock market is set for another delisting, raising a question mark over the future of one of the Gulf’s major exchanges, which was launched two decades ago.A $595 million bid to take DAMAC Properties (DAMAC.DU) private by the firm’s founder Hussain Sajwani is the latest blow to the exchange, even as the Gulf city state’s property market showed signs of life in the first quarter."It is not that Dubai is b...
Tags: Travel, London, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Emaar Properties, Dubai Financial Market DFM, Arabtec, Rupert Neil Bumfrey, Hussain Sajwani, Reuters Dubai, DFM, Nasdaq Dubai, Reuters Analysts


MIDEAST STOCKS Major Gulf bourses ease in early trade as financial shares drag | Reuters

Major stock markets in the Gulf were subdued in early trade on Tuesday, mostly hurt by losses in financial shares in the absence of fresh factors to trade on.Saudi Arabia's benchmark index (.TASI) fell 0.4%, with Al Rajhi Bank (1120.SE) losing 0.9%, while Saudi Arabian Mining Company (1211.SE) retreated 1.2%.The kingdom's inflation rate rose for the second consecutive month, climbing to 5.7% in May from 5.3% in April, again reflecting a tripling of value-added tax to 15% last year, official data...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Tasi, Rupert Neil Bumfrey, Hussain Sajwani, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI, Qatar National Bank QNBK, Emirates NBD Bank ENBD


MIDEAST STOCKS Rising oil prices, economic recovery lift Gulf stocks | Reuters

MIDEAST STOCKS Rising oil prices, economic recovery lift Gulf stocks | Reuters Major stock markets in the Gulf ended higher on Monday, as investors eye economic recovery and rising oil prices which gained on an improved outlook for worldwide fuel demand. Brent was up 64 cents, or 0.9%, at $73.34 a barrel by 1246 GMT, its highest since May 2019. "GCC economies tend to heavily depend on oil price movements and should see solid support thanks to rising crude prices. This effect will be ob...
Tags: Travel, France, Saudi Arabia, Qatar, Egypt, GCC, Dubai, Abu Dhabi, Cairo, Gulf, Reuters, Reuters Major, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, QSI


MIDEAST STOCKS Gulf markets make gains on oil, economic recovery | Reuters

MIDEAST STOCKS Gulf markets make gains on oil, economic recovery | Reuters Major Gulf stock markets rose on Monday, lifted by optimism about economic recovery and oil prices which gained on an improved outlook for worldwide fuel demand.Oil prices are a key catalyst for the Gulf region's financial markets and Brent crude was up 76 cents, or 1.1%, at $73.43 a barrel at 0734 GMT, its highest level since May 2019. .Saudi Arabia's benchmark index (.TASI) gained 0.6%, with Al Rajhi Bank (1120.SE) ri...
Tags: Travel, Saudi Arabia, Qatar, GCC, Dubai, Abu Dhabi, Gulf, Reuters, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, Emaar Properties EMAR DU, COVID, Emirates NBD Bank ENBD



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