Posts filtered by tags: Abu Dhabi[x]


 

Drinking laws in the Arab world

In the multi-billion-dollar game of tourism, having places for people to cut loose and drink is as important as beaches and chef-driven restaurants. This is the conundrum for much of the Middle East and parts of North Africa, as strict Muslim countries — governed by Sharia law prohibiting any involvement with alcohol – try to develop large-scale tourism. Nearly all of the Muslim countries you’d want to visit have ways for you to drink; you just need to follow an often confusing set of laws to...
Tags: Travel, Europe, Israel, Qatar, Turkey, United States, Egypt, Morocco, Middle East, Dubai, Oman, FIFA World Cup, Alcohol Laws, Erdogan, Tsa, Jordan


Jet Airways cancels many international flights, All Abu Dhabi flights cancelled

Struggling carrier Jet Airways has been cancelling flights for many weeks now. However, the carrier has now started making drastic cuts to their international network as well. For now, the cuts seem to be limited to the routes being operated by the airline’s 737 fleet – a large part of which including all their new … The post Jet Airways cancels many international flights, All Abu Dhabi flights cancelled appeared first on... >>> To read the full story click on the headline above.
Tags: Singapore, Dubai, Aviation, Abu Dhabi, Mumbai, New Delhi, Boeing, Bangkok, Cancellations, Bangalore, Jet Airways, 737


Etihad Airways 2018 results analysis

Etihad Airways recently reported its annual results for 2018. The results highlight the continuing challenges for the airline as it addresses elements of its fleet, network and profitability. These are important for its transformation program.  While there was a 4% increase in passenger yields, the impact on overall revenue was not significant. On the cost … The post Etihad Airways 2018 results analysis appeared first on Bangalore... >>> To read the full story click on the headline above.
Tags: Slider, Analysis, Aviation, Abu Dhabi, Etihad, Bangalore, Etihad Airways, Middle East Airlines, Analysis and Features


Stories Of The Victims Of The New Zealand Mosque Attack

An attack on a New Zealand mosque took the lives of 50 worshippers Friday and left dozens more wounded when a white supremacist opened fire and live-streamed the shootings. Here are the stories of some of those killed and wounded. THE DEAD HUSNA AHMED Farid Ahmed refuses to turn his back on his adopted home, despite losing his 45-year-old wife, Husna Ahmed, in the Al Noor mosque attack. They had split up to go to the bathroom when it happened. The gunman livestreamed the massacre on the inter...
Tags: Facebook, Asia, News, Minneapolis, Saudi Arabia, India, Ap, Malaysia, Pakistan, West Bank, United Arab Emirates, Dubai, New Zealand, Bangladesh, Associated Press, Jordan


Yemen's Houthis say ready to strike Riyadh, Abu Dhabi if coalition moves on Hodeidah

Yemen's Houthi group said they were building their ballistic capabilities and their forces stand ready to strike Riyadh and Abu Dhabi if implementation of a U.N. peace deal in the port city of Hodeidah is breached. A spokesman of the Houthi forces said the group has a "stockpile of missiles" and the group can hit Saudi Arabia and the United Arab Emirates (UAE), the two Gulf states leading the coalition backing the government of Abd-Rabbu Mansour Hadi, whenever the military command decides on th...
Tags: News, Saudi Arabia, Abu Dhabi, Yemen, Gulf, Riyadh, United Arab Emirates UAE, Houthis, Abd Rabbu Mansour Hadi, Riyadh Abu Dhabi, Hodeidah


MOVES- #UAE's Dhabi Group chief executive resigns | Reuters

MOVES-UAE's Dhabi Group chief executive resigns | Reuters:The chief executive of Dhabi Group, owned by a prominent member of the royal family in Abu Dhabi, has resigned. Adeel Bajwa who took over as chief executive of the diversified investment group in 2016, told Reuters on Sunday he had resigned and planned to take up a new and challenging assignment.Prior to being the chief executive of Dhabi Group, he was general counsel and board member of several of the group’s companies. Bajwa was involve...
Tags: Travel, Africa, United States, Abu Dhabi, Uae, South Asia, Reuters, Bajwa, Rupert Neil Bumfrey, Dhabi Group, Adeel Bajwa, Warid Telecom Dhabi Group, Sheikh Nahyan Mubarak al Nahyan


ADNOC awards Japan’s Inpex Corp onshore exploration concession | Reuters

ADNOC awards Japan’s Inpex Corp onshore exploration concession | Reuters:Abu Dhabi National Oil Co (ADNOC) awarded Japan’s Inpex Corp an onshore exploration concession in Abu Dhabi’s competitive block bid round, ADNOC said in a statement on Sunday.Inpex will hold a 100 percent stake in the exploration phase, while ADNOC has the option to hold a 60 percent stake in the production phase of the concession, the statement said.The 35-year concession is for Onshore Block 4, and Inpex will invest up to...
Tags: Travel, Japan, Abu Dhabi, Reuters, Abu Dhabi National Oil Co ADNOC, ADNOC, Inpex, Rupert Neil Bumfrey, Inpex Corp


Abu Dhabi's wealth fund shuns Goldman Sachs over Malaysia corruption scandal

Mubadala Investment Company, one of the world's biggest investors, is breaking up with Goldman Sachs.
Tags: Cnn, Malaysia, Goldman Sachs, Abu Dhabi, Mubadala Investment Company


Tom Westley targets England Test return as long build-up to Ashes begins

Essex batsman set to play for MCC in Abu Dhabi curtain-raiser, knowing it's all up for grabs this summe
Tags: England, Sport, Cricket, Essex, Abu Dhabi, Tom Westley, Mcc


Etihad Woes Deepen as Losses Reach $4.8 Billion in Three Years - Bloomberg

Etihad Woes Deepen as Losses Reach $4.8 Billion in Three Years - Bloomberg:Etihad Airways posted a loss of $1.28 billion in 2018, extending the deficit over three years to $4.8 billion, as the Gulf carrier pushes ahead with a cost-cutting plan to stabilize the balance sheet.The Abu Dhabi company, which has abandoned an attempt to build a global network of airline investments after a string of failures, canceled a further nine unprofitable routes last year, it said in an emailed statement Thursda...
Tags: Travel, Bloomberg, Airbus, Abu Dhabi, Etihad, Gulf, Etihad Airways, Boeing Co, Rupert Neil Bumfrey, Tony Douglas


Goldman Blacklisted in #AbuDhabi in Fresh Blow From 1MDB Scandal - Bloomberg

Goldman Blacklisted in Abu Dhabi in Fresh Blow From 1MDB Scandal - Bloomberg:An Abu Dhabi-controlled investment fund has halted new business with Goldman Sachs Group Inc., adding to the growing fallout for the U.S. bank from its role in the 1MDB corruption scandal."We have suspended any activities with Goldman Sachs pending outcome of our existing litigation," Brian Lott, a spokesman for Mubadala Investment, said in a statement. "The only exceptions are engagements signed prior to the litigation...
Tags: Travel, New York, Bloomberg, Goldman Sachs, Abu Dhabi, Goldman Sachs Group Inc, Rupert Neil Bumfrey, Mubadala, Abudhabi, Aabar Investments, International Petroleum Investment Co, Mubadala Investment, Brian Lott, Goldman Blacklisted


MIDEAST STOCKS- #AbuDhabi hits multi-year peak, blue-chip banks lift #Qatar | Reuters

MIDEAST STOCKS-Abu Dhabi hits multi-year peak, blue-chip banks lift Qatar | Reuters:The Abu Dhabi stock market climbed sharply on Thursday for its biggest one-day gain in nearly three years while Qatar was lifted by its blue-chip banks to its best day in seven months.The Abu Dhabi index rose 3.7 percent. First Abu Dhabi Bank (FAB), the United Arab Emirates' biggest bank, surged 6.5 percent and Emirates Telecommunications added 5.2 percent.With FTSE and S&P index rebalancing ataking place across ...
Tags: Travel, Qatar, United Arab Emirates, Abu Dhabi, Mena, Reuters, Rupert Neil Bumfrey, Mohamad Al Hajj, First Abu Dhabi Bank, First Abu Dhabi, Emirates Telecommunications


Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

DUBAI/ABU DHABI (Reuters) - Abu Dhabi state investor Mubadala has suspended new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the U.S. bank and others to recover losses suffered through its dealings with Malaysian state fund 1MDB. "We have suspended any activities with Goldman Sachs pending outcome of the litigation," Brian Lott, spokesman of Mubadala Investment Co, said in response to questions from Reuters. A spokesman for Goldman Sachs decline...
Tags: Science, Dubai, Goldman Sachs, Abu Dhabi, U S Bank, Mubadala, Reuters A, Mubadala Investment Co, Brian Lott, ABU DHABI Reuters Abu Dhabi


Abu Dhabi's Etihad reports third consecutive loss as jobs, aircraft cut

Etihad Airways on Thursday reported its third consecutive annual loss despite finding cost savings of nearly half a billion dollars as it cut its workforce and fleet.
Tags: Money, businessNews, Abu Dhabi, Etihad, Etihad Airways


Corrected: Abu Dhabi's Etihad reports third consecutive loss as jobs, aircraft cut

Etihad Airways on Thursday reported its third consecutive annual loss despite finding cost savings of nearly half a billion dollars as it cut its workforce and fleet.
Tags: Money, businessNews, Abu Dhabi, Etihad, Etihad Airways


Mideast Stocks: #AbuDhabi snaps losing streak, DISB hits #Dubai | ZAWYA MENA Edition

Mideast Stocks: Abu Dhabi snaps losing streak, DISB hits Dubai | ZAWYA MENA Edition:The Abu Dhabi stock market rose on Thursday, recovering some losses it suffered over 10 straight sessions, while Dubai was pulled down by Dubai Islamic Bank's going ex-dividend.The Abu Dhabi index rose 1.9 percent. First Abu Dhabi Bank, the United Arab Emirates' biggest bank, gained 2.8 percent and Emirates Telecommunications rose 3.7 percent.Late last month, FAB shareholders approved an increase in the limit of ...
Tags: Travel, Dubai, Abu Dhabi, Rupert Neil Bumfrey, Dubai Islamic Bank, Abudhabi, First Abu Dhabi Bank the United Arab Emirates, Emirates Telecommunications


#AbuDhabi's Etihad Airways posts $1.28 billion loss in 2018 | Reuters

Abu Dhabi's Etihad Airways posts $1.28 billion loss in 2018 | Reuters:Abu Dhabi’s Etihad Airways reported on Thursday its third consecutive annual loss in 2018, blaming challenging market conditions and the effects of an increase in fuel prices. Etihad’s net loss narrowed to $1.28 billion for last year, from $1.52 billion in 2017, it said in a statement.The airline reported revenues of $5.86 billion in 2018, it said in a statement. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Abu Dhabi, Etihad, Reuters, Etihad Airways, Rupert Neil Bumfrey, Abudhabi


Etihad Airways posts $1.28 billion loss in 2018

Abu Dhabi's Etihad Airways reported on Thursday its third consecutive annual loss in 2018, blaming challenging market conditions and the effects of an increase in fuel prices.
Tags: Money, businessNews, Abu Dhabi, Etihad Airways


Etihad Airways loses $1.28B in 2018 in third year of losses

DUBAI, United Arab Emirates (AP) — Abu Dhabi’s Etihad Airways said Thursday it lost $1.28 billion in 2018, the third-straight year the government-owned long-haul carrier has lost over a billion dollars. Since 2016, Etihad has lost a total of $4.75 billion as its strategy of aggressively buying stakes in airlines from Europe to Australia to […]
Tags: Europe, Business, News, Australia, Ap, Nation, Abu Dhabi, Etihad, DUBAI United Arab Emirates, Etihad Airways


#AbuDhabi Stocks Drop, Matching Longest Losing Streak on Record - Bloomberg

Abu Dhabi Stocks Drop, Matching Longest Losing Streak on Record - Bloomberg:Abu Dhabi’s equity benchmark ADX General Index dropped on Wednesday, matching the gauge’s longest losing streak on record after extending its drop to a 10th session, as the index’s biggest member First Abu Dhabi Bank PJSC is facing pressure by more attractively valued peers.The ADX has dropped 6.2 percent since the start of the month, making it the worst equity performer globally among major stock gauges tracked by Bloom...
Tags: Travel, Bloomberg, Abu Dhabi, Fab, Rupert Neil Bumfrey, Jaap Meijer, Arqaam Capital Ltd, First Abu Dhabi Bank PJSC, Record Bloomberg, Abu Dhabi Commercial Bank PJSC, Bloomberg FAB


MIDEAST STOCKS-Rising oil price boosts #Saudi, top telecom firm weighs on #AbuDhabi | Reuters

MIDEAST STOCKS-Rising oil price boosts Saudi, top telecom firm weighs on Abu Dhabi | Reuters:Saudi Arabia's stock market rose on Wednesday as banks and petrochemical shares gained amid rising oil prices, while Abu Dhabi was pulled down by Emirates Telecommunications.Saudi Arabia's index was up 1 percent, with Al Rajhi Bank gaining 0.9 percent.The Middle East's largest petrochemical maker Saudi Basic Industries (SABIC) also rose 1 percent in active trade after it said it will merge its units Saud...
Tags: Travel, Saudi Arabia, Middle East, Abu Dhabi, Rupert Neil Bumfrey, Saudi Basic Industries SABIC, Abudhabi, Al Rajhi Bank, Saudi Petrochemical Co, Arabian Petrochemical Co


STR: Preliminary February Data For Abu Dhabi Hotels

STR's preliminary February 2019 data for Abu Dhabi, United Arab Emirates, indicates lower occupancy but significantly higher room rates. Based on daily data from February, Abu Dhabi reported the following in year-over-year comparisons:
Tags: Travel, Abu Dhabi, ABU DHABI United Arab Emirates, Abu Dhabi Hotels


Karen Pence, wife of US vice president, visits the UAE

DUBAI, United Arab Emirates (AP) — Karen Pence, the wife of Vice President Mike Pence, is in the United Arab Emirates for the Special Olympics. She traveled to Abu Dhabi, the Emirati capital, for the start of the Special Olympics World Games. On Wednesday, she watched the U.S. take on Kenya in a soccer match. […]
Tags: News, US, Sports, Ap, Nation, United Arab Emirates, Kenya, Abu Dhabi, Uae, Mike Pence, DUBAI United Arab Emirates, Karen Pence


#UAE residential real estate market outlook remains 'weak', says Moody's | ZAWYA MENA Edition

UAE residential real estate market outlook remains 'weak', says Moody's | ZAWYA MENA Edition:Ratings agency Moody's has said that it expects loan losses at banks in the United Arab Emirates to increase over the next 12-18 months as a result of a weakening construction and real estate market.The agency said in a note on Tuesday that lending to real estate firms increased to 20 percent of total lending at the end of 2018, up from 16 percent at the end of 2015, and added that these sectors have, in...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Uae, Moody, Rupert Neil Bumfrey, Lahlou Meksaoui


Special Olympics in Abu Dhabi is a sign of progress

Yousef Al Otaiba and Timothy Shriver write that the upcoming Special Olympics World Games 2019 in Abu Dhabi will mark an important step toward disability awareness and acceptance in the Middle East and around the world.
Tags: Cnn, Middle East, Abu Dhabi, Yousef al Otaiba, Timothy Shriver


Special Olympics in Abu Dhabi is sign of progress

Before they met and became friends in Washington last December, Tori Martin and Mubarak Al Darmaki grew up in different worlds.
Tags: News, Washington, Stories, Abu Dhabi, Tori Martin, Mubarak Al Darmaki


Asian Cup host UAE fined $150K for fans targeting Qatar

KUALA LUMPUR, Malaysia (AP) — Asian Cup host United Arab Emirates has been fined $150,000 for fan misconduct during the team’s semifinal loss to eventual champion Qatar. The Asian Football Confederation says incidents included fans in Abu Dhabi “making insulting sounds” during Qatar’s national anthem. Qatar players dodged shoes thrown by some spectators after the […]
Tags: News, Sports, Qatar, Ap, United Arab Emirates, Abu Dhabi, Uae, Kuala Lumpur Malaysia


MIDEAST STOCKS- #Saudi slips on sliding banks, top lender lifts #AbuDhabi | Reuters

MIDEAST STOCKS-Saudi slips on sliding banks, top lender lifts Abu Dhabi | Reuters:Saudi Arabia’s stock market fell in early trading on Monday as most of its bank shares dropped, while Abu Dhabi was lifted partially by its top lender First Abu Dhabi Bank.Saudi Arabia’s index was down 0.6 percent with Riyad Bank falling 1.7 percent and Al Rajhi Bank slipping 0.8 percent.Southern Province Cement lost 1.3 percent after reporting a 47 percent drop in its full-year net profit due to lower sales prices...
Tags: Travel, Saudi Arabia, Abu Dhabi, Reuters, Riyad Bank, Rupert Neil Bumfrey, Abudhabi, Al Rajhi Bank, First Abu Dhabi Bank Saudi Arabia, Southern Province Cement


#AbuDhabi Stocks Extend Losing Streak to Seventh Day: Inside EM - Bloomberg

Abu Dhabi Stocks Extend Losing Streak to Seventh Day: Inside EM - Bloomberg:Stocks in Abu Dhabi extended their losing streak for a seventh-straight session, the longest since May 2017.The ADX General Index’s heaviest member, First Abu Dhabi Bank, fell 1.6 percent, placing the most pressure on the gauge. Last week, the index erased all its gains for the year.Most equity measures in the Middle East retreated, mimicking a drop in emerging-market peers on Friday. [Author: [email protected] (Rup...
Tags: Travel, Bloomberg, Middle East, Abu Dhabi, Rupert Neil Bumfrey, First Abu Dhabi Bank


MIDEAST STOCKS- Gulf stocks hit by global market weakness, IPOs boost Egypt | Reuters

MIDEAST STOCKS- Gulf stocks hit by global market weakness, IPOs boost Egypt | Reuters:Gulf markets ended lower on Sunday, weighed down by weak global markets and a drop in oil price, but Egyptian stocks defied the trend, gaining on the back of positive momentum generated by the initial public offering of a state-owned company.Abu Dhabi's stock index lost 0.9 percent, hurt mainly by First Abu Dhabi Bank, which was down 1.6 percent, while other banks were also lower.FAB's shares were hit partly by...
Tags: Travel, Egypt, Abu Dhabi, Gulf, Reuters, Rupert Neil Bumfrey, First Abu Dhabi Bank