Posts filtered by tags: Abu Dhabi[x]


 

Alonso to drive for Renault in F1 Abu Dhabi young driver test

Renault has announced Fernando Alonso will continue preparations for his comeback by taking part in Formula 1's young driver test two days after the Abu Dhabi Grand Prix
Tags: Sport, F1, Fernando Alonso, Abu Dhabi, Renault, Alonso, Autosport


#Saudi shares fall on weak oil; set for weekly loss | Reuters

Saudi shares fall on weak oil; set for weekly loss | Reuters Saudi shares eased in early trade on Thursday and were set for a weekly loss, tracking weaker oil prices, while other Gulf markets rode on euphoria around encouraging coronavirus vaccine developments.Oil prices fell as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic. [O/R]The Organization of the Petroleum Exporting Countries ...
Tags: Travel, Saudi Arabia, Russia, Qatar, Britain, Dubai, Abu Dhabi, Kuwait, Gulf, Reuters, Saudi Aramco, Saudi Basic Industries Corp, Petroleum Exporting Countries OPEC, Qatar National Bank, Rupert Neil Bumfrey, Industries Qatar


FIA to allow Alonso to take part in Abu Dhabi young driver F1 test

Fernando Alonso is set to continue his preparations to return to Formula 1 with Renault by taking part in the post-Abu Dhabi Grand Prix young driver test
Tags: Sport, F1, Fernando Alonso, Abu Dhabi, Renault, FIA, Alonso, Autosport


Grosjean: Recovery of left hand key to Abu Dhabi F1 return

Romain Grosjean says the recovery of his left hand will be the key to any return to the Formula 1 cockpit for the season finale in Abu Dhabi
Tags: Sport, F1, Abu Dhabi, Grosjean, Romain Grosjean, Autosport


#Saudi ends lower on weak oil, others gain on UK vaccine nod | Reuters

Saudi ends lower on weak oil, others gain on UK vaccine nod | Reuters Saudi shares retreated for a second straight session on Wednesday, tracking weaker oil prices, while some markets cheered Britain’s approval of Pfizer’s COVID-19 vaccine, which raised hopes of a faster-than-expected global economic recovery.Britain became the West’s first country to formally endorse a jab it said should reach the most vulnerable people early next week.However, oil prices slipped as the market awaited a pact fr...
Tags: Travel, UK, Opec, Qatar, West, Britain, United States, Dubai, Pfizer, Abu Dhabi, Bahrain, Kuwait, Reuters, Riyad Bank, Qatar National Bank, Rupert Neil Bumfrey


McIlroy insists money hasn't dulled his competitive edge

Rory McIlroy drives at the 11th during round three of the Masters at Augusta National Golf Club, Saturday, November 14, 2020. Picture © Augusta National Rory McIlroy has hit back at the critics who say money has made him “soft” and his best days are behind him.The four-time Major champion was winless in 2020 after suffering a major loss of form follo...
Tags: Sport, Golf, Rory Mcilroy, Pga Tour, European Tour, Tokyo, Dustin Johnson, Shane Lowry, Abu Dhabi, Danny Willett, Martin Kaymer, Lowry, Rio, Augusta, Rory, McIlroy


Schumacher "ready" to drive Haas F1 car in Abu Dhabi if required

Mick Schumacher says he is ready to race in Formula 1's Abu Dhabi GP season finale should Haas ask him to stand in for Romain Grosjean
Tags: Sport, F1, Abu Dhabi, Schumacher, Haas, Mick Schumacher, Autosport


#UAE finds its voice within OPEC, complicating oil diplomacy | Reuters

UAE finds its voice within OPEC, complicating oil diplomacy | Reuters The United Arab Emirates came out of OPEC heavyweight Saudi Arabia’s shadow this week by demanding better adherence with oil supply cuts, effectively delaying the latest strategy decision by OPEC and its allies by a few days, sources told Reuters.The unusual move highlights the UAE’s growing role within OPEC as it seeks to boost production in the years ahead to gain market share.It also underscores Abu Dhabi’s growing politica...
Tags: Travel, Saudi Arabia, Russia, Opec, United Arab Emirates, Abu Dhabi, Uae, Gulf, Reuters, Riyadh, Rupert Neil Bumfrey, Israel OPEC


#Saudi shares ease, other markets gain after UK's Pfizer-BioNTech vaccine approval | Reuters

Saudi shares ease, other markets gain after UK's Pfizer-BioNTech vaccine approval | Reuters Saudi shares edged down on Wednesday, tracking lower oil, while other Gulf markets were buoyed by encouraging news in the fight against the COVID-19 pandemic as Britain became the first country in the world to approve the Pfizer-BioNTech vaccine rollout.Britain said the vaccine developed by Pfizer and partner BioNTech will be rolled out from early next week, a boost for investors worldwide.Oil prices exte...
Tags: Travel, UK, Saudi Arabia, Opec, Qatar, Britain, United States, Dubai, Pfizer, Abu Dhabi, Bahrain, Kuwait, Gulf, Reuters, Index, Saudi Aramco


Steiner: Grosjean targeting F1 return for Abu Dhabi GP

Haas Formula 1 boss Gunther Steiner says that Romain Grosjean wants to return for the Abu Dhabi Grand Prix to compete in his final race with the team
Tags: Sport, F1, Abu Dhabi, Steiner, Grosjean, Romain Grosjean, Gunther Steiner, Haas Formula, Autosport


Grosjean targeting F1 return for Abu Dhabi GP

Haas Formula 1 boss Gunther Steiner says that Romain Grosjean wants to return for the Abu Dhabi Grand Prix to compete in his final race with the team
Tags: Sport, F1, Abu Dhabi, Grosjean, Romain Grosjean, Gunther Steiner, Haas Formula, Autosport


A secret, high-level meeting suggests Israel and Saudi Arabia are hedging their bets on Biden

A composite image of Saudi Arabian Crown Prince Mohammed bin Salman, left, and Israeli Prime Minister Benjamin Netanyahu. Reuters/Getty Images/Business Insider Saudi and Israeli sources say that Prime Minister Benjamin Netanyahu and Crown Prince Mohammad bin Salman met covertly on November 22, the first such meeting between Israeli and Saudi leaders. Secretary of State Mike Pompeo's presence at the meeting indicates that the US supports their closer ties, but the US is about to get a new p...
Tags: Congress, France, Saudi Arabia, Israel, US, Trends, Joe Biden, Iran, Syria, United States, United Arab Emirates, Sudan, Muslim, Bangladesh, Benjamin Netanyahu, Biden


Adnoc Is Said to Be in Running to Buy Offshore Oil Services Firm - Bloomberg

Adnoc Is Said to Be in Running to Buy Offshore Oil Services Firm - Bloomberg Abu Dhabi National Oil Co. is a potential contender to buy a local offshore oil-services firm that counts the state-owned crude producer among its major clients, according to people familiar with the matter.Zakher Marine International is working with Bank of America Corp. as it weighs its strategic options, including a sale, said the people, declining to be named because the information isn’t public yet. The process is ...
Tags: Travel, Bank Of America, Abu Dhabi, Bank of America Corp, ADNOC, Rupert Neil Bumfrey, Adnoc Is Said, Buy Offshore Oil Services Firm Bloomberg, Zakher Marine International, Zakher


MIDEAST STOCKS-Most log monthly gains on COVID-19 vaccine optimism | Nasdaq

MIDEAST STOCKS-Most log monthly gains on COVID-19 vaccine optimism | Nasdaq Saudi and Dubai shares ended higher on Monday, with most markets recording monthly gains thanks to optimism that the progress in COVID-19 vaccine development would help global economies recover at a quicker pace than initially anticipated.Financial markets worldwide have gained in most sessions after U.S. drugmakers Pfizer PFE.N and Moderna MRNA.O, and Britain's AstraZeneca AZN.L released positive trial data on their vac...
Tags: Travel, Saudi Arabia, Opec, Qatar, Britain, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Emirates NBD, Tasi, Rupert Neil Bumfrey, Pfizer PFE N, First Abu Dhabi Bank, DFMGI


Exclusive: #AbuDhabi wealth fund in talks with KKR over Italian grid deal - sources | Reuters

Exclusive: Abu Dhabi wealth fund in talks with KKR over Italian grid deal - sources | Reuters Abu Dhabi’s biggest sovereign fund is in talks with U.S. firm KKR to invest in Telecom Italia’s (TIM) last-mile network in a deal that has drawn scrutiny from Italy’s government, three sources close to the matter told Reuters.Rome typically welcomes foreign investments but demands assurances that investors will follow the country’s national interests. The government has special vetting powers to block u...
Tags: Travel, Italy, Abu Dhabi, KKR, Reuters, Tim, Telecom Italia, Reuters Abu Dhabi, Rupert Neil Bumfrey, Abu Dhabi Investment Authority Adia, Infinity Investments, Reuters Rome, FiberCop


MIDEAST STOCKS-Markets track oil lower ahead of OPEC+ meeting; most set for monthly gains | Nasdaq

MIDEAST STOCKS-Markets track oil lower ahead of OPEC+ meeting; most set for monthly gains | Nasdaq Most major Gulf markets weakened on Monday, tracking lower oil prices ahead of a crucial meeting of producer group Organization of the Petroleum Exporting Countries (OPEC+), but they were set to finish the month higher on hopes of a COVID-19 vaccine.Financial markets worldwide have gained in most sessions over the past couple of weeks as U.S. drugmakers Pfizer Inc PFE.N and Moderna Inc MRNA.O as we...
Tags: Travel, Saudi Arabia, Russia, Opec, Qatar, Britain, Healthcare, Dubai, Abu Dhabi, Gulf, Adi, Tasi, Rupert Neil Bumfrey, QSI, First Abu Dhabi Bank, Pfizer Inc PFE N


Major Gulf markets close mixed, #Dubai ends winning streak | Reuters

Major Gulf markets close mixed, Dubai ends winning streak | Reuters Major Gulf stock markets ended mixed on Sunday with Saudi Arabian shares extending gains for a sixth consecutive day, while Dubai fell after five days of rises.All major Gulf stocks registered gains in the week to Thursday, riding on a rally fuelled by optimism around COVID-19 vaccine developments.Saudi Arabia’s main index was up 0.2% as Dr. Sulaiman Al-Habib Medical Services Group surged 8.7%, its sharpest intra-day rise since ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, MSCI, Moody, CureVac, Rupert Neil Bumfrey, Emaar Malls, Saudi Electricity, Major Gulf, Emirates Telecommunications Group, Emirates NBD Bank


Mideast stocks: Major Gulf stocks little changed in early trade | Reuters

Mideast stocks: Major Gulf stocks little changed in early trade | Reuters Major Gulf stock markets were steady in early Sunday trading, having gained last week on optimism about COVID-19 vaccines.Saudi Arabia’s index was up 0.3% as Al Rajhi Bank gained 0.3% and Saudi Electricity added 2.1% in its fifth daily rise in six trading days.Moody’s on Wednesday upgraded the utility company’s rating to A1, citing increased government support. The company recently signed an agreement with the government t...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Reuters, Mideast, Moody, Emaar Properties, CureVac, Qatar Islamic Bank, Rupert Neil Bumfrey, Industries Qatar, Saudi Electricity, Dubai Investments, Aldar Properties, Al Rajhi Bank


#SaudiArabia seeks to resolve #Qatar crisis as ‘gift’ to Joe Biden | Financial Times

Saudi Arabia seeks to resolve Qatar crisis as ‘gift’ to Joe Biden | Financial Times Saudi Arabia has stepped up its efforts to resolve its more than three-year dispute with Qatar after US president Donald Trump’s election defeat, according to people briefed on the talks.  The move to end the Gulf states’ blockade of their gas-rich neighbour is being perceived as an attempt by Crown Prince Mohammed bin Salman to curry favour with the incoming Biden administration and deliver a parting prese...
Tags: Travel, Washington, Saudi Arabia, US, Qatar, Joe Biden, Iran, Egypt, Middle East, Al Jazeera, Biden, Abu Dhabi, Tehran, Yemen, Donald Trump, Bahrain


Israel's Beitar Jerusalem says #AbuDhabi ruling family member looks to buy stake | Reuters

Israel's Beitar Jerusalem says Abu Dhabi ruling family member looks to buy stake | Reuters A member of Abu Dhabi’s ruling family is looking to buy a roughly 50% stake of Israeli Premier League soccer club Beitar Jerusalem, the club’s owner said on Friday.Beitar said in September it was negotiating a possible investment by a group in the United Arab Emirates (UAE) in a statement that followed the announcement that Israel and the UAE had agreed to normalize ties.Beitar owner Moshe Hogeg said in a ...
Tags: Travel, Israel, Abu Dhabi, Uae, Beitar Jerusalem, Reuters, United Arab Emirates UAE, Beitar, Al Nahyan, Rupert Neil Bumfrey, Abudhabi, Moshe Hogeg, Israeli Premier League, Hamad Bin Khalifa Al Nahyan


Mideast Stocks-Major markets log weekly gains on vaccine hopes | ZAWYA MENA Edition

Mideast Stocks-Major markets log weekly gains on vaccine hopes | ZAWYA MENA Edition Abu Dhabi shares ended lower on Thursday but all major Gulf markets managed weekly gains, riding on a rally fuelled by optimism around COVID-19 vaccine developments.Financial markets globally have gained in most sessions over the past couple of weeks as U.S. drugmakers Pfizer Inc and Moderna Inc, and British firm AstraZeneca released positive data on the effectiveness of their vaccine candidates.Investors are opt...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Astrazeneca, Abu Dhabi, Gulf, Pfizer Inc, Air Arabia, Rupert Neil Bumfrey, Dubai Islamic Bank, National Commercial Bank, First Abu Dhabi Bank, Moderna Inc, Qatar Commercial Bank, Sulaiman Al Habib Medical Services Group


BP to Invest More in Middle East’s ‘World-Leading’ Oil Fields - Bloomberg

BP to Invest More in Middle East’s ‘World-Leading’ Oil Fields - Bloomberg BP Plc said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions.The company is a major producer in countries such as Iraq, where it operates the world’s third-largest oil field of Rumaila, the United Arab Emirates and Oman. It’s focusing on their low-cost oil, while also boosting output of gas, according to Stephen Willis, BP’s senio...
Tags: Travel, Iraq, Bloomberg, Middle East, United Arab Emirates, Oman, Bp, Abu Dhabi, Uae, Middle Eastern, Willis, Rumaila, Rupert Neil Bumfrey, Bloomberg BP Plc, Stephen Willis BP


#Saudi, #AbuDhabi Wealth Funds Team Up on Egyptian Drugmaker Deal - Bloomberg

Saudi, Abu Dhabi Wealth Funds Team Up on Egyptian Drugmaker Deal - Bloomberg Two of the biggest sovereign wealth funds in the Middle East are exploring a joint bid for an Egyptian pharmaceutical company, a deal that could mark the beginning of wider co-investment plans between the two state-controlled firms, people familiar with the matter said.Saudi Arabia’s Public Investment Fund and ADQ, formerly known as Abu Dhabi Development Holding Co., are weighing the purchase of Bausch Health Cos.’s Cai...
Tags: Travel, Saudi Arabia, Bloomberg, Egypt, Middle East, Abu Dhabi, Pif, Cairo, Gulf, Bausch, Rupert Neil Bumfrey, Public Investment Fund, Louis Dreyfus Co, Abu Dhabi Development Holding Co, ADQ, Bausch Health Cos


MIDEAST STOCKS- #Saudi leads losses in morning trade | Nasdaq

Most major Gulf markets struggled in the final trading session of the week on Thursday, as a rally fuelled by optimism around COVID-19 vaccine developments lost steam.Financial markets globally have gained in most sessions over the past couple of weeks as U.S. drugmakers Pfizer Inc PFE.N and Moderna Inc MRNA.O, and British firm AstraZeneca AZN.L released positive data on the effectiveness of their vaccine candidates.Investors are optimistic that progress made on the vaccine front would help econ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Adi, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, First Abu Dhabi Bank, Emirates NBD ENBD, Pfizer Inc PFE N, Emaar Properties EMAR DU, Emirates Telecom Etisalat, Moderna Inc


OMV Owners Demand Change as Borealis Deal Brings Power Struggle - Bloomberg

OMV Owners Demand Change as Borealis Deal Brings Power Struggle - Bloomberg OMV AG anchor investors are seeking further changes to its supervisory board to strengthen oversight of Chief Executive Officer Rainer Seele’s transformation plan, people familiar with the matter said.A dispute about oversight and governance after OMV’s $4.7 billion purchase of chemicals producer Borealis AG has already triggered the ouster of the long-time Chairman Wolfgang Berndt. But the changes haven’t gone far enoug...
Tags: Travel, Austria, Abu Dhabi, OMV, Wolfgang Berndt, Rupert Neil Bumfrey, Seele, Mubadala Investment Co, Borealis AG, Rainer Seele


#AbuDhabi to Expand Media Hub in Effort to Diversify Economy - Bloomberg

Abu Dhabi to Expand Media Hub in Effort to Diversify Economy - Bloomberg Abu Dhabi’s media free zone twofour54, home to the regional headquarters of Ubisoft Entertainment SA and CNN, is aiming to triple the size of the emirate’s media industry over the next decade, as part of ongoing efforts to diversify the oil-dependent economy.“Abu Dhabi is in the process of transforming itself from a resource-based economy to a knowledge-based economy,” twofour54’s Chief Executive Officer Michael Garin said ...
Tags: Travel, Cnn, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Rupert Neil Bumfrey, Garin, Michael Garin, Ubisoft Entertainment SA, Bloomberg Abu Dhabi, Expand Media Hub, Diversify Economy Bloomberg, Yas Creative Hub


MIDEAST STOCKS-Major Gulf shares extend gains on upbeat global outlook | Nasdaq

Major Gulf markets rallied on Wednesday as investors cheered the prospects of a faster-than-expected global economic recovery, driven mainly by encouraging news on the COVID-19 vaccine development front.Financial markets worldwide have gained in the past couple of weeks as U.S. drugmakers Pfizer Inc PFE.N and Moderna Inc MRNA.O as well as British firm AstraZeneca AZN.L released positive data on the effectiveness of their vaccine candidates.Aiding sentiment, the uncertainty over presidential tran...
Tags: Travel, Qatar, Joe Biden, United States, Dubai, Abu Dhabi, Donald Trump, Gulf, Adi, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, National Commercial Bank, Al Rajhi Bank, Pfizer Inc PFE N


Mubadala seeks Israeli partners on technology investment | Reuters

Mubadala seeks Israeli partners on technology investment | Reuters Abu Dhabi state investor Mubadala Investment Co plans to identify potential fund partners in Israel and find high-growth companies to co-invest in, the head of its ventures unit said on Wednesday.“There will be interesting opportunities with joint funds or joint ventures, but we are still early on in evaluating this,” Ibrahim Ajami told a financial technology conference in Abu Dhabi.He said Mubadala has co-invested with Israeli i...
Tags: Travel, Europe, China, India, Israel, United States, Middle East, Silicon Valley, Abu Dhabi, Uae, Reuters, United Arab Emirates UAE, Reuters Abu Dhabi, Rupert Neil Bumfrey, Mubadala, Mubadala Investment Co


MIDEAST STOCKS-Gulf markets rally on upbeat global economic outlook | Nasdaq

MIDEAST STOCKS-Gulf markets rally on upbeat global economic outlook | Nasdaq Most major Gulf markets extended gains on Wednesday as investors cheered prospects of a faster-than-expected global economic recovery, driven mainly by encouraging news on the COVID-19 vaccine development front.Financial markets worldwide have gained in the past couple of weeks as U.S. drugmakers Pfizer Inc PFE.N and Moderna Inc MRNA.O and British firm AstraZeneca AZN.L released positive data on the effectiveness of the...
Tags: Travel, Qatar, Joe Biden, United States, Dubai, Abu Dhabi, Donald Trump, Gulf, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, QSI, National Commercial Bank, First Abu Dhabi Bank, Pfizer Inc PFE N, Moderna Inc


Abu Dhabi Unveils Yas Creative Hub For Media, Gaming and Entertainment

Abu Dhabi will soon have a large state-of-the art complex for the media and entertainment industry that is being trumpeted as a milestone in the United Arab Emirates’ efforts to diversify away from its oil-based economy. Called Yas Creative Hub and located on Abu Dhabi’s artificial Yas Island, which is a tourist attraction, the more […]
Tags: News, Global, United Arab Emirates, Ubisoft, Abu Dhabi, Yas Island, Michael Garin