Posts filtered by tags: Abu Dhabi[x]


 

Most Gulf markets rise in early trade | Reuters

Most Gulf markets rise in early trade | Reuters:Most stock markets in the Gulf rose in early trade on Wednesday, with financial shares boosting the Dubai Index.Dubai's main share index .DFMGI rose 1%, on track to end three sessions of losses, with the country's largest sharia-compliant lender Dubai Islamic Bank DISB.DU gaining 2.6%, while Emirates NBD Bank ENBD.DU was up 1%.The Abu Dhabi index .ADI added 0.5%, helped by a 0.7% rise in Emirates Telecommunications ETISALAT.AD and a 0.4% increase i...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Abu Dhabi, Gulf, Reuters, Adi, Rupert Neil Bumfrey, QSI, First Abu Dhabi Bank, Dubai Islamic Bank DISB, Emirates NBD Bank ENBD, Emirates Telecommunications ETISALAT, United Development Company, Dubai Index Dubai


Moody's downgrades #Kuwait on liquidity squeeze, weak governance | Reuters

Moody's downgrades Kuwait on liquidity squeeze, weak governance | Reuters:Moody’s downgraded Kuwait’s rating citing higher liquidity risks and weaker governance and institutional strength, as the Gulf state, battered by low oil prices, struggles to pass a law allowing it to issue international debt.“In the continued absence of legal authorization to issue debt or draw on the sovereign wealth fund assets held in the Future Generations Fund, available liquid resources are nearing depletion, introd...
Tags: Travel, Abu Dhabi, Kuwait, Gulf, Reuters, Moody, Rupert Neil Bumfrey, Moody 's Investor Service


Major Gulf indexes end mixed; Egypt snaps losing streak | Reuters

Major Gulf indexes end mixed; Egypt snaps losing streak | Reuters:Major Gulf markets ended mixed on Tuesday, with financial shares weighing on the Saudi index, while property shares boosted Qatar’s benchmark.Saudi Arabia's benchmark index .TASI fell 0.6%, with Al Rajhi Bank 1120.SE losing 1% and oil giant Saudi Aramco 2222.SE down 0.8%.Dubai's main share index .DFMGI slipped 0.3%, hurt by a 2.3% fall in Emirates NBD Bank ENBD.DU and a 0.4% drop in Mashreq Bank MASB.DU.The Abu Dhabi index .ADI ed...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, FIFA World Cup, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI


Creditors take action against #UAE's Al Jaber in decade-long saga | Reuters

Creditors take action against UAE's Al Jaber in decade-long saga | Reuters:Creditors have started to enforce claims against Abu Dhabi-based Al Jaber Group, in a dispute triggered by a construction downturn in the United Arab Emirates more than a decade ago.Al Jaber, a contractor with interests across a range of sectors, has struggled since building up debt in the wake of a UAE real estate crisis and began talks with creditors in 2011.Abu Dhabi Commercial Bank ADCB.AD, which is working as restruc...
Tags: Travel, United Arab Emirates, Abu Dhabi, Uae, Reuters, Rupert Neil Bumfrey, ADCB, Abu Dhabi Commercial Bank ADCB, Al Jaber, Al Jaber Group


#UAE Firm Hires Restructuring Expert for $2 Billion Debt Revamp - Bloomberg

UAE Firm Hires Restructuring Expert for $2 Billion Debt Revamp - Bloomberg:Abu Dhabi-based KBBO Group, once one of NMC Health Plc’s biggest shareholders, has hired a turnaround specialist to restructure its $2 billion debt pile, people familiar with the matter said.The privately-held investment firm with assets in health care and food named Bruno Navarro as its chief restructuring officer, the people said, asking not to be identified because the matter is private.Navarro has been involved with s...
Tags: Travel, Southeast Asia, Middle East, United Arab Emirates, Abu Dhabi, Latin America, Navarro, Rupert Neil Bumfrey, KBBO Group, NMC Health Plc, Bruno Navarro, Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, KBBO, International Finance Corporation a World Bank


MIDEAST STOCKS-Major Gulf bourses off to mixed start | Nasdaq

MIDEAST STOCKS-Major Gulf bourses off to mixed start | Nasdaq:Major Gulf stock markets were mixed in early trade on Tuesday, with financial shares weighing on the Saudi index.Saudi Arabia's benchmark index .TASI dropped 0.6%, with Al Rajhi Bank 1120.SE shedding 1.3%, while oil giant Saudi Aramco 2222.SE was down 0.5%.Separately, the kingdom's supermarket operator BinDawood Holding may price its initial public offering (IPO) at the top of its range after a bookrunner note said investors bidding b...
Tags: Travel, Saudi Arabia, Ipo, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Bindawood Holding, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, First Abu Dhabi Bank, Major Gulf, Dubai Islamic Bank DISB


Gulf Air Applies To Fly 4 Weekly Flights To Tel Aviv!

Kan-Israel Public Broadcasting is reporting that Gulf Air has applied to fly 4 weekly flights between Manama, Bahrain and Tel Aviv! Gulf Air was originally based in Abu Dhabi, but the Emirate of Abu Dhabi created Etihad to become the 2nd flag carrier of the UAE. Oman and Qatar also pulled out of Gulf Air, […]
Tags: Deals, Israel, Tel Aviv, Qatar, Abu Dhabi, Etihad, Gulf Air, MANAMA Bahrain, UAE Oman, Kan Israel Public Broadcasting, Tel Aviv Gulf Air


Oil price fall hurts major Gulf markets | Reuters

Oil price fall hurts major Gulf markets | Reuters:Major Middle Eastern markets ended lower on Monday, after oil prices slid on the possible return of Libyan production and as rising COVID-19 cases around the world stoked demand concerns.Brent crude LCOc1 was down 99 cents or 2.1% at $42.23 a barrel by 1227 GMT. [O/R]Global oil refiners are cutting fuel production into the autumn as the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery workers and in...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Riyad Bank, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, Al Rajhi Bank, First Abu Dhabi Bank, Emirates Telecommunications Group, Dubai Islamic Bank DISB DU


#Saudi up on petrochemical shares; Egypt extends losses | Reuters

Saudi up on petrochemical shares; Egypt extends losses | Reuters:Saudi Arabian shares ended higher on Sunday as Saudi Industrial Investment Group 2250.SE and National Petrochemical Company 2002.SE surged on news the two were in merger talks, while Egypt's blue-chip index extended losses for a second session.Saudi Arabia's benchmark index .TASI rose 0.3%, with SIIG 2250.SE advancing 5.5% and National Petrochemical Company 2002.SE jumping 6.8%.A deal between the two would mark further consolidatio...
Tags: Travel, Saudi Arabia, Israel, Qatar, Egypt, Dubai, Abu Dhabi, Reuters, Aramex, Adi, Tasi, Rupert Neil Bumfrey, QSI, United Arab Emirates Israel, ADIB, First Abu Dhabi Bank


Kuwaiti Banks Push Index Higher to Lead Mideast Gains: Inside EM - Bloomberg

Kuwaiti Banks Push Index Higher to Lead Mideast Gains: Inside EM - Bloomberg:Kuwait’s main equity index led gains in the Gulf as banking shares including Kuwait Finance House KSCP and National Bank of Kuwait SAKP pushed it higher.The Premier Market index of the biggest and most liquid shares in Kuwait rose as much as 1.3% on Sunday.Index provider MSCI Inc.’s review of its benchmarks in November will be a driving factor for Kuwait’s stock market for the next two months, CI Capital Senior Analyst ...
Tags: Travel, Qatar, Bloomberg, Abu Dhabi, Bahrain, Kuwait, Gulf, MSCI, Rupert Neil Bumfrey, CI Capital, MSCI Inc, Gulf Bank, Dubai Egypt, Kuwait Finance House KSCP, National Bank of Kuwait SAKP, Sara Boutros


Inside the Hell of Israel’s Second Lockdown

Israelis just want to fly away.The atmosphere was so grim as the nation entered a coronavirus lockdown on the eve of Rosh Hashanah, the Jewish New Year, that there appeared to be no escape.One meme making the rounds showed desperate hands reaching out of the sea towards a far-off airplane flying high in a deep blue sky, accompanied only by the traditional greeting of “Shana Tova,” a good year.The greeting felt hollow as Israel entered into the year 5781 as the first country on earth to impose a ...
Tags: News, Israel, Jerusalem, Tel Aviv, Middle East, United Arab Emirates, Benjamin Netanyahu, Abu Dhabi, Uae, City Hall, Trump, Netanyahu, Bibi, Rosh Hashanah, Ministry of Health, Hebron Road


Credit Suisse Teams Up With #Qatar for Direct Lending Venture - Bloomberg

Credit Suisse Teams Up With Qatar for Direct Lending Venture - Bloomberg:Credit Suisse Group AG and Qatar Investment Authority are joining forces to set up a multi-billion dollar platform to invest in direct lending.The partnership will make loans to upper middle-market and large-cap companies in the U.S. and Europe, the Swiss bank and QIA said in a joint statement Thursday. The financing will mainly consist of first or second ranked loans which are secured against the business.Sovereign wealth ...
Tags: Travel, Europe, Singapore, Qatar, Bloomberg, Qatar Investment Authority, Abu Dhabi, Qia, Lopez, GIC, Credit Suisse Group AG, Diego Lopez, Rupert Neil Bumfrey, Mubadala Investment Co, Global SWF, Global Management


WOW! The First Kosher Restaurant In The United Arab Emirates Opened Today, In The World’s Tallest Building!

It’s been a wild month in the UAE. President Trump announced a peace deal between the United Arab Emirates and Israel just a month ago. El Al brought an Israeli and American delegation to Abu Dhabi, where the red carpet was rolled out. Then a deal with Saudi Arabia was announced to allow Israeli airlines to use their airspace […]
Tags: Deals, Saudi Arabia, Israel, United Arab Emirates, Abu Dhabi, Uae, Trump, Points & Travel


How to watch UFC Fight Night: Covington vs. Woodley — 2 former welterweight champs clash for the first time

When you buy through our links, we may earn money from our affiliate partners. Learn more. UFC UFC Fight Night: Covington vs. Woodley will be streamed live on September 19, exclusively through the ESPN+ streaming service.Both fighters are in the top five of UFC's welterweight division and a win in the main event could mean a chance at the UFC Welterweight Championship in 2021.Prelims are set to start at 5 p.m. ET and the main card is scheduled to begin at 8 p.m. ET.Every UFC Fight Nigh...
Tags: Trends, Ufc, Espn, Abu Dhabi, Hulu, Costa, Burns, Usman, Covington, ESPN ESPN, Woodley, David Dvorak, UFC Fight Night, Tyron Woodley, Kevin Webb, Colby Covington


Emirates Airlines Opening Kosher Arabia Catering Facilities At Dubai Airport!

Emirates announced that they are opening a kosher catering facility in conjunction with Ross Kriel’s CCL Holdings. The facility will be under OU supervision and will supply kosher food for flights, hotels, and events throughout the United Arab Emirates. A memo recently went around asking hotels in Abu Dhabi to have kosher facilities. My understanding […]
Tags: Deals, United Arab Emirates, Abu Dhabi, Dubai Airport, Emirates Airlines, OU, CCL Holdings, Points & Travel, Ross Kriel


Coronavirus live news: WHO warns of 'alarming' Covid transmission across Europe; call for action in Madrid

WHO warns against shortening quarantine in Europe; Madrid told to ‘do whatever needs to be done’; India reports world record casesCDC director says vaccine won’t be widely available until late 2021‘Off the charts’: Ireland’s contact tracers face return of sleepless nightsChinese border city enters ‘wartime’ mode to tackle Covid outbreakUK coronavirus – liveSee all our coronavirus coverage 12.10pm BST The World Health Organization warned Thursday of “alarming rates of transmission” of Covid-1...
Tags: Europe, Science, India, UK News, World news, Australia news, US news, Ireland, Infectious Diseases, United Arab Emirates, Who, World Health Organization, Abu Dhabi, Madrid, Afp, Coronavirus outbreak


#AbuDhabi Takes $615 Million Stake in U.S. LNG Exporter - Bloomberg

Abu Dhabi Takes $615 Million Stake in U.S. LNG Exporter - Bloomberg:Abu Dhabi’s main sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc., the largest U.S. exporter of liquefied natural gas.Abu Dhabi Investment Authority disclosed its holding in a filing dated Monday, giving it an interest in Cheniere valued at $615 million. It’s Cheniere’s fourth-largest shareholder, according to data compiled by Bloomberg.The Trump administration has touted LNG exports as more than an economic ...
Tags: Travel, Texas, Bloomberg, Louisiana, Houston, Abu Dhabi, Corpus Christi, Cheniere Energy Inc, Sabine Pass, Cheniere, ADIA, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Bloomberg the Trump, SWF Institute


MIDEAST STOCKS-Most major Gulf bourses fall as financials weigh | Nasdaq

MIDEAST STOCKS-Most major Gulf bourses fall as financials weigh | Nasdaq: Most major Gulf stock markets slipped in early trade on Thursday, pressured by losses in financial shares, while petrochemical firms supported the Qatari index.Saudi Arabia's benchmark index .TASI eased 0.3%, driven down by a 0.4% fall in Al Rajhi Bank 1120.SE and a 0.8% decline in Riyad Bank 1010.SE.Dubai's main share index .DFMGI slipped 0.2%, pressured by a 0.5% fall in Emirates NBD Bank ENBD.DU and a 0.7% slide in Emaa...
Tags: Travel, Saudi Arabia, Opec, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Emaar, Tasi, Rupert Neil Bumfrey, Abu Dhabi National Oil Company, Al Rajhi Bank, DFMGI, First Abu Dhabi Bank FAB, Emirates NBD Bank ENBD


Middle East stocks: Most Gulf markets gain; #Saudi bourse slips | Reuters

Middle East stocks: Most Gulf markets gain; Saudi bourse slips | Reuters: Most Middle Eastern markets ended higher on Wednesday, with Bahrain outperforming the region, while bank stocks weighed on the Saudi index.Saudi Arabia's benchmark index .TASI slipped 0.1% and snapped a four-session winning streak, weighed by Al Rajhi Bank's 1120.SE 0.4% fall and Riyad Bank's 1010.SE 1.3% tumble.Saudi Arabia's largest telecoms operator Saudi Telecom Company (STC) 7010.SE gained 1% as STC has asked banks to...
Tags: Travel, Saudi Arabia, Israel, Qatar, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Bahrain, Gulf, Reuters, Adi, STC, Riyad Bank, Qatar National Bank, Bax


#AbuDhabi Investment Office to open Tel Aviv office | Reuters

Abu Dhabi Investment Office to open Tel Aviv office | Reuters:The state-run Abu Dhabi Investment Office (ADIO) is to open its first office outside the United Arab Emirates in Tel Aviv, the Abu Dhabi Media Office said on Wednesday, following normalisation of relations between the UAE and Israel.Israel on Tuesday signed normalisation agreements at the White House in Washington with both the UAE and Bahrain.“Tel Aviv is the first in a planned network of international offices that will support compa...
Tags: Travel, Twitter, Washington, White House, Israel, Tel Aviv, United Arab Emirates, Abu Dhabi, Bahrain, Uae, Reuters, Israel Israel, Rupert Neil Bumfrey, Adio, AbuDhabi Investment Office, Abu Dhabi Investment Office


#UAE Signals It’ll Atone For Pumping Too Much Oil in July, August - Bloomberg

UAE Signals It’ll Atone For Pumping Too Much Oil in July, August - Bloomberg:The United Arab Emirates sent a fresh signal it will make up for pumping too much oil in the past two months, as crude prices come under renewed pressure from sagging energy demand and rising coronavirus infections.Abu Dhabi National Oil Co., which produces almost all the UAE’s crude, has indicated to refiners and traders that reductions in oil shipments for October will continue through November.Adnoc will cut 25% of s...
Tags: Travel, Russia, Bloomberg, United Arab Emirates, Abu Dhabi, Uae, Organization of Petroleum Exporting Countries, ADNOC, Rupert Neil Bumfrey, Abu Dhabi National Oil Co, Upper Zakum, Lulu Das


#SaudiArabia’s crown prince endangers ties with western allies | Financial Times

Saudi Arabia’s crown prince endangers ties with western allies | Financial Times: Crown Prince Mohammed bin Salman's treatment of Mohammed bin Nayef and his associates will test the resolve of Saudi Arabia’s friends and embolden its many opponents © Bandar Aldani/AFP/Getty There is a new wave of reform in the Middle East. The United Arab Emirates’ momentous decision to forge ties with Israel brings with it many questions about the future for Palestinians, but it confirms a willi...
Tags: Travel, Saudi Arabia, Israel, US, Middle East, United Arab Emirates, Al Qaeda, Abu Dhabi, Financial Times, Riyadh, Arabian Peninsula, Mohammed bin Salman, Mohammed bin Nayef, Rupert Neil Bumfrey, Prince Mohammed bin Nayef, Jamal Khashoggi


Mideast Stocks: #Saudi outperforms Gulf bourses, Egypt extends losses | ZAWYA MENA Edition

Mideast Stocks: Saudi outperforms Gulf bourses, Egypt extends losses | ZAWYA MENA Edition: Saudi Arabian shares ended higher on Tuesday, outperforming Gulf peers, buoyed by gains in banking shares, while property shares supported the Dubai index.The kingdom's benchmark index rose 0.8%, with Al Rajhi Bank gaining 1% and Saudi Telecom Company advancing 2.8%.Elsewhere, Saudi Chemical Company surged 10%, to become the top gainer in the index, after the firm signed a memorandum of understanding with ...
Tags: Travel, Egypt, Dubai, Abu Dhabi, Gulf, ADNOC, Saudi Telecom Company, Rupert Neil Bumfrey, Industries Qatar, Al Rajhi Bank, First Abu Dhabi Bank, Abu Dhabi National Oil Company Adnoc, Elsewhere Saudi Chemical Company, Emaar MallsEMAA DU, Khazna Data Centre, Abu Dhabi National Oil Company for Distribution


The key winners and losers of Israel's peace agreements with the UAE and Bahrain

Israel, Bahrain and the United Arab Emirates will today sign peace agreements in Washington, heralding a new era of friendship between wealthy Gulf nations and the Jewish state. Benjamin Netanyahu, the Israeli prime minister, has flown to Washington to attend the ceremony in the White House, along with his Emirati and Bahraini counterparts. Donald Trump, the US president, who oversaw the negotiations, has hailed a “historic breakthrough” for his “great friends” in the region, which he hopes will...
Tags: News, Washington, White House, Israel, US, Tel Aviv, Turkey, Iran, Egypt, Middle East, United Arab Emirates, Jordan, Benjamin Netanyahu, Abu Dhabi, Donald Trump, Bahrain


Russia's Sberbank to target Middle East investors with #UAE subsidiary | ZAWYA MENA Edition

Russia's Sberbank to target Middle East investors with UAE subsidiary | ZAWYA MENA Edition:Russia's largest lender Sberbank SBER.MM has received approval in principle to open an office in the United Arab Emirates to facilitate investment between Russian and Middle Eastern investors, the bank said on Monday.The state-owned bank said Sberinvest Middle East would engage in trade finance of Russian exports to the Middle East and that the company's launch would create a link between Russian businesse...
Tags: Travel, Russia, Middle East, United Arab Emirates, Abu Dhabi, Uae, Sberbank, Rupert Neil Bumfrey, Financial Services Regulatory Authority, Sberbank SBER, Sberinvest Middle East, Sberinvest Middle East Limited, Oleg Ganeev


#Kuwait Bourse Debuts in Region’s Best 1st-Day Pop for a Year - Bloomberg

:Boursa Kuwait surged more than 10-fold in its trading debut on Monday as it became only the third publicly traded exchange in the Middle East.Shares in the bourse operator rose as high as 1,210 fils, after being sold at 100 fills in an offering to Kuwaiti citizens last year. It’s the strongest debut of any stock in Europe, the Middle East and Africa for a year. They pared the increase to 1,055 fils at the close, with the country’s Premier Market finishing 0.4% higher.The trading debut was initi...
Tags: Travel, Europe, Africa, Bloomberg, Middle East, Dubai, Abu Dhabi, Kuwait, Rupert Neil Bumfrey, Chehayeb, MSCI Inc, Capital Markets Authority, Boursa Kuwait, Tel Aviv Stock Exchange, Dubai Financial Market PJSC, Sancta Capital Group Ltd


MIDEAST STOCKS-Banks lift #Saudi shares, real estate boosts #UAE markets | Reuters

MIDEAST STOCKS-Banks lift Saudi shares, real estate boosts UAE markets | Reuters:Most Gulf stock markets rose on Monday, with the Saudi Arabian index boosted by financial shares, while markets in the United Arab Emirates gained on strength in property shares.Saudi’s benchmark index gained 0.6%, with the country’s largest lender National Commercial Bank climbing 2.3%. Al Rajhi Bank firmed 0.6%.The kindgom will partially lift its suspension of international flights as of Sept. 15 to allow “excepti...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Spa, Gulf, Reuters, Saudi Arabian, Qatar National Bank, ADNOC, Rupert Neil Bumfrey, Aldar Properties, National Commercial Bank


Emiratis to Israelis: ‘We want to do business with anyone, no matter their religion’ | Financial Times

Emiratis to Israelis: ‘We want to do business with anyone, no matter their religion’ | Financial Times:For decades, observant Jewish residents of the United Arab Emirates stuck to a vegetarian diet because no kosher meats were available in the Muslim-majority country that, along with its Gulf neighbours, maintained a diplomatic isolation of Israel.While Israeli passport holders were not able to settle in the UAE, over time the Jewish community — just a few thousand of the 9m population — establi...
Tags: Travel, Israel, United Arab Emirates, Dubai, Abu Dhabi, Uae, Financial Times, Gulf, Rupert Neil Bumfrey


Are Direct Flights Between Israel And Morocco The Next Domino To Fall? Will You Fly To Israel Via Morocco?

What a difference a month makes! In just the past month we have seen President Trump announced a peace deal between the United Arab Emirates and Israel. El Al brought an Israeli and American delegation to Abu Dhabi, where the red carpet was rolled out. A deal with Saudi Arabia was announced to allow Israeli airlines to […]
Tags: Deals, Saudi Arabia, Israel, Morocco, United Arab Emirates, Abu Dhabi, Trump, Israel El Al


Is President Trump About To Announce Peace Between Israel And Bahrain?

Things continue to move quickly in the Middle East! President Trump announced a peace deal between the United Arab Emirates and Israel less than a month ago. El Al brought an Israeli and American delegation to Abu Dhabi, where the red carpet was rolled out. Then a deal with Saudi Arabia was announced to allow […]
Tags: Deals, Saudi Arabia, Israel, Middle East, United Arab Emirates, Abu Dhabi, Bahrain, Trump, EL AL