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Most Gulf bourses slide on vaccine efficacy worries | Reuters

Most Gulf bourses slide on vaccine efficacy worries | Reuters Most stock markets in the Gulf wobbled lower in early trade on Tuesday, in line with subdued Asian shares and oil prices, with the Dubai index leading the losses ahead of a long weekend.A sudden burst of risk aversion gripped most major asset markets across Asia after the head of drugmaker Moderna (MRNA.O) told the Financial Times that COVID-19 vaccines are unlikely to be as effective against the Omicron variant of the coronavirus a...
Tags: Travel, Asia, Dubai, Abu Dhabi, Financial Times, Gulf, Reuters, Adi, Saudi Basic Industries Corp, The World Health Organization, IHC, Tasi, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, QSI, Al Rajhi Bank


#Saudi bourse outperforms most Gulf markets | Reuters

Saudi bourse outperforms most Gulf markets | Reuters Saudi Arabia's stock market ended higher on Wednesday, buoyed by gains in financial shares, while the Dubai index snapped three sessions of losses.Saudi Arabia's benchmark index (.TASI) advanced 1%, extending gains from the previous day, boosted by a 2.9% rise in Al Rajhi Bank (1120.SE) and a 4.7% leap in SABIC Agri-Nutrients (2020.SE).On Tuesday, the index ended three sessions of declines triggered by tensions with Yemen's Iran-aligned ...
Tags: Travel, Saudi Arabia, Iran, Egypt, Dubai, Abu Dhabi, Yemen, Jeddah, Gulf, Reuters, Saudi Aramco, Adi, Sanaa, SABIC, Tasi, Rupert Neil Bumfrey


#Saudi stocks sees biggest fall in over a year after drone attacks | Reuters

Saudi stocks sees biggest fall in over a year after drone attacks | Reuters Saudi Arabia's stock market posted its biggest one-day drop in more than a year on Sunday, a day after Yemen's Iran-aligned Houthis said they had fired 14 drones at several Saudi Arabian cities, including at Saudi Aramco facilities in Jeddah. read moreThe Saudi-led coalition battling the Houthis in Yemen had on Friday said it destroyed three drones launched towards southern Saudi Arabia and a fourth over Yemen. It ...
Tags: Travel, Saudi Arabia, Iran, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Yemen, Jeddah, Reliance, Reuters, Aramco, Saudi Aramco, Adi, Reuters Saudi Arabia, Houthis


The life and lawsuits of Lucas Wall, a frequent flier who's made it his mission to fight Biden's mask mandate

Frequent flier Lucas Wall outside his mom's place in The Villages, Florida, where he's been stuck since the Biden mask mandate was put in place. Wall, a leader of a coordinated group of anti-maskers, would often say, "I'm still at mom's."Octavio Jones for Insider Lucas Wall is in a legal battle with the Biden administration over mask mandates for travelers. Dozens of anti-maskers have joined him to argue that the mandates are unconstitutional. The administration has rebuked hi...
Tags: Google, Facebook, Florida, Supreme Court, Cdc, Washington, Kentucky, Germany, Virginia, Israel, US, Trends, Joe Biden, Chicago, Washington Dc, Tsa


#Dubai outperforms major Gulf bourses, hits near 4-year high | Reuters

Dubai outperforms major Gulf bourses, hits near 4-year high | Reuters Dubai's stock market outperformed in early trade on Tuesday, reaching its highest in nearly four years, as a slew of upbeat corporate earnings boosted the index.Dubai's main share index (.DFMGI) gained 0.8%, buoyed by a 12.1% surge in Dubai Financial Market (DFM.DU) — on course to gain for a tenth session in twelve.Earlier this month, the emirate announced plans to launch a 2 billion dirham ($545 million) market-maker fund a...
Tags: Travel, Saudi Arabia, Qatar, Dubai, ESG, Namshi, Gulf, Reuters, Adi, Salik, Emaar, Tasi, Rupert Neil Bumfrey, QSI, Reuters Dubai, Al Rajhi Bank


#Dubai outperforms most Gulf bourses; #Saudi falls | Reuters

Dubai outperforms most Gulf bourses; Saudi falls | Reuters Dubai stocks rose sharply in early trade on Monday to their highest since March 2018, supported by upbeat corporate earnings, while the Saudi index eased amid falling oil prices.Crude oil prices fell under pressure from expectations of increasing supplies and a lower demand forecast amid higher energy costs.Oil markets have dropped for the last three weeks, hit by a strengthening dollar and speculation that President Joe Biden's admini...
Tags: Travel, Joe Biden, Dubai, Abu Dhabi, ESG, Gulf, Reuters, Adi, Dubai International Airport, Salik, Tasi, Dubai Financial Market DFM, Rupert Neil Bumfrey, Dubai Airports, Reuters Dubai, Qatar Stock Exchange


Major Gulf bourses mixed in early trade | Reuters

Major Gulf bourses mixed in early trade | Reuters Major stock markets in the Gulf were mixed in early trade on Sunday, with the Saudi index on track to extend gains for a second session, while the Abu Dhabi index retreated from a record high.Saudi Arabia's benchmark index (.TASI) edged 0.1% higher, with Saudi Telecom Company (7010.SE) rising 0.9% and Al Rajhi Bank (1120.SE) putting on 0.3%.However, Saudi mall operator Arabian Centres (4321.SE) plunged 10%. On Thursday, Arabian Centres said its...
Tags: Travel, Saudi Arabia, Wam, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Riyadh, Adi, Reuters Major, Salik, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey


Most Gulf bourses rise in early trade; #Qatar falls | Reuters

Most Gulf bourses rise in early trade; Qatar falls | Reuters Most stock markets in the Gulf rose in early trade on Thursday, with the Dubai index set to register its fifth weekly gain.Dubai's main share index (.DFMGI) gained 0.7%, boosted by a 5.5% jump in budget airliner Air Arabia (AIRA.DU), after it swung to a profit for the third quarter.Blue-chip developer Emaar Properties (EMAR.DU) gained 0.8%, after it said all conditions for merger with its unit Emaar Malls (EMAA.DU) have been met.Shar...
Tags: Travel, Saudi Arabia, Wam, Qatar, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Adi, Department of Economic Development, Emaar Properties, Tasi, Rupert Neil Bumfrey, Industries Qatar, Emaar Malls


#Saudi index leads most Gulf bourses higher | Reuters

Most stock markets in the Gulf ended higher on Wednesday, with the Saudi index rising for fourth session in five, while a blue-chip sell-off weighed on Egypt.Saudi Arabia's benchmark index (.TASI) advanced 0.9%, with Al Rajhi Bank (1120.SE) and Saudi National Bank (1180.SE) gaining 1.4% and 3% respectively.Saudi Arabia sold $3.25 billion in dual-tranche bonds on Tuesday comprising a sukuk tranche and a conventional portion in its third international bond sale of the year, a term sheet viewed...
Tags: Travel, Saudi Arabia, Wam, Bloomberg, Egypt, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Egypt Saudi Arabia, Tasi, Rupert Neil Bumfrey, Industries Qatar


#Dubai bourse gains on property shares; #Saudi retreats | Reuters

Most stock markets in the Gulf ended higher on Tuesday, with Dubai index rising on the back of property shares, while Saudi stocks fell, ending three sessions of gains.Dubai's main share index (.DFMGI) rose 0.5%, boosted by a 3.4% rise in blue-chip developer Emaar Properties (EMAR.DU), while its unit Emaar Malls (EMAA.DU) jumped 3.9%, following a sharp rise in quarterly earnings.Emaar Properties, which owns close to 85% of Emaar Malls, will buy out minority shareholders of the unit and del...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Emaar Properties, Tasi, Rupert Neil Bumfrey, Emaar Malls, Al Rajhi Bank, Gulf Egypt, First Abu Dhabi Bank FAB, Commercial International Bank COMI


Property shares buoy #Dubai index; #AbuDhabi eases | Reuters

Dubai shares rose in early trade on Tuesday, boosted by real estate stocks, while the Abu Dhabi index retreated from a record high hit in the previous session.Dubai's main share index (.DFMGI) advanced 1.1%, buoyed by a 3.2% rise in blue-chip developer Emaar Properties (EMAR.DU), while its unit Emaar Malls (EMAA.DU) jumped 4.7%, following a sharp rise in quarterly earnings.Emaar Properties, which owns close to 85% of Emaar Malls, will buy out minority shareholders of the unit and delist the busi...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Emaar Properties, Commercial Bank, Tasi, Dubai Financial Market DFM, Saudi Telecom Company, Rupert Neil Bumfrey, Emaar Malls, QSI


Major Gulf bourses mixed in early trade | Reuters

Major Gulf bourses mixed in early trade | Reuters Major stock markets in the Gulf were mixed in early trade on Sunday, with the Saudi index extending gains from the previous session, while Dubai dipped into the red on profit-taking.Saudi Arabia's benchmark index (.TASI) added 0.3%, with Al Rajhi Bank (1120.SE) gaining 0.9% and petrochemical maker Saudi Basic Industries Corp (2010.SE) advancing 1.1%.On Wednesday Capital Market Authority approved intial public offering of Saudi Tadawul Group, th...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Moody, Adi, Reuters Major, Saudi Basic Industries Corp, Qatar Islamic Bank, Tasi, Rupert Neil Bumfrey, QSI, Capital Market Authority, Al Rajhi Bank


Most Gulf bourses gain in early trade; #Saudi falls | Reuters

Most Gulf bourses gain in early trade; Saudi falls | Reuters Most major stock markets in the Gulf rose in early trade on Thursday, with Dubai leading the way on the back of gains in blue-chip developer Emaar Properties, while Saudi Arabia fell.Dubai's main share index (.DFMGI) gained 0.6%, hitting its highest since mid-April 2018, led by a 2.3% rise in Emaar (EMAR.DU).The Dubai Financial Market (DFM.DU) surged more than 14%, extending gains fuelled by the emirate's plans to launch a 2 billion ...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Reuters, Tadawul, Adi, Emaar Properties, Etisalat, Emaar, Tasi, Dubai Financial Market DFM, Rupert Neil Bumfrey, QSI, Capital Markets Authority, Al Rajhi Bank


#Dubai bourse extends gains on plans to launch market-maker fund, IPOs | Reuters

Dubai bourse extends gains on plans to launch market-maker fund, IPOs | Reuters Dubai's stock market advanced on Wednesday, a session after the index registered sharp gains following its plans to launch a multi-billion dirham market-maker fund, while the Saudi benchmark retreated amid falling oil prices.Dubai's main share index (.DFMGI) advanced 2.4% to its highest level in more than three years as most stocks were trading in the black, including blue-chip developer Emaar Properties (EMAR.DU) ...
Tags: Travel, Saudi Arabia, Wam, Opec, United States, Dubai, Abu Dhabi, Reuters, Organization of the Petroleum Exporting Countries, Adi, Tasi, Dubai Financial Market DFM, Rupert Neil Bumfrey, Industries Qatar, Reuters Dubai, Dubai Electricity Water Authority


Godrej Group headed for split of $4.1 billion business empire

At present, the group is led by veteran industrialist Adi Godrej (79), who is its chairman The $4.1 billion Godrej Group, spanning from soaps and home appliances to real estate, is headed for a split between the brothers, sources aware of the matter said, citing external advice the family has sought for an amicable division of the 124-year-old conglomerate. At present, the group is led by veteran industrialist Adi Godrej (79), who is its chairman. His brother Nadir Godrej is the chairman of G...
Tags: Life, India, Industry, Adi, Nadir, Godrej, Adi Godrej, Zia Mody, Smitha, Jamshyd, Ardeshir Godrej, Godrej Group, Pirojsha, Godrej Boyce, Uday Kotak, Godrej Industries


#Saudi index snaps 4 days of losses, Egypt outperforms | Reuters

Saudi index snaps 4 days of losses, Egypt outperforms | Reuters Most stock markets in the Gulf ended higher on Monday, with the Saudi index snapping a four-day winning streak, while the Egyptian bourse rose for a fourth session in five.GCC stock markets mostly were in the green as slight price corrections in the last few days to weeks triggered interest. Investors remain optimistic even though inflation is becoming a growing concern, said Wael Makarem, senior market strategist at Exness."T...
Tags: Travel, Saudi Arabia, Qatar, Egypt, GCC, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Tasi, Rupert Neil Bumfrey, Damac, Abu Dhabi Commercial Bank ADCB, QSI, Hussain Sajwani


Most Gulf bourses in red; Aramco's Q3 profit surges | Reuters

Most Gulf bourses in red; Aramco's Q3 profit surges | Reuters Most stock markets in the Gulf ended lower on Sunday, with the Saudi index extending losses for a third session as profit-taking continued after the main index reached multi-year highs.Saudi Arabia's benchmark index (.TASI) fell 0.5%, weighed down by a 1.7% drop in petrochemical maker Saudi Basic Industries Corp (SABIC) (2010.SE), extending losses for a third session.On Thursday, SABIC reported a net profit of 5.6 billion ri...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, MPC, Gulf, Reuters, Aramco, Mohammed bin Salman, Adi, SABIC, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, Damac


Major Gulf bourses mixed in early trade | Reuters

Major Gulf bourses mixed in early trade | Reuters Major stock markets in the Gulf were mixed in early trade on Sunday, with the Saudi index on track to end a four-day losing streak.Oil prices settled higher on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries, Russia and their allies, known as OPEC+, would maintain production cuts.OPEC+ forecasts are still higher than those of the International Energy Agency (IEA), which expects oil demand to grow by ...
Tags: Travel, Saudi Arabia, Russia, Opec, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Mohammed bin Salman, International Energy Agency IEA, Adi, Reuters Major, Qatar National Bank, Tasi, Rupert Neil Bumfrey


#Saudi shares fall, major Gulf markets trade mixed | Reuters

Saudi Arabia's stock market fell in early trade on Thursday, as oil prices retreated due to a spike in U.S. inventories and rising COVID-19 cases, while Abu Dhabi stocks were set to gain for a fourth week.Brent crude dropped 94 cents, or 1.1%, to $83.64 a barrel by 0655 GMT, after official figures showed a surprise jump in U.S. inventories of crude, and rising cases of COVID-19 in Europe, Russia, and some outbreaks of infections in China dented hopes for an economic recovery.Saudi Arabia's bench...
Tags: Travel, Saudi Arabia, China, United Arab Emirates, Abu Dhabi, Gulf, Reuters, Adi, Saudi Basic Industries Corp, Qatar National Bank, Abu Dhabi Dubai, Tasi, Rupert Neil Bumfrey, Europe Russia, Abu Dhabi First Abu Dhabi Bank, Emirates Telecommunications Group Etisalat


Major Gulf bourses move in narrow range as oil prices fall | Reuters

Major Gulf bourses move in narrow range as oil prices fall | Reuters Major stock markets in the Gulf traded in a narrow range in early trade on Wednesday as oil prices fell, with the Saudi index on course to extend losses from the previous session.Brent oil futures fell 94 cents, or 1.1%, to $85.46 a barrel by 0654 GMT, after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world's largest oil cons...
Tags: Travel, Saudi Arabia, Qatar, United States, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Board, Adi, Reuters Major, Tasi, Rupert Neil Bumfrey, Abu Dhabi National Oil Company, Saudi Arabian Mining Co Ma


Most Gulf markets fall in early trade; #Qatar gains | Reuters

Most Gulf markets fall in early trade; Qatar gains | Reuters Most stock markets in the Gulf fell in early trade on Monday, with the Abu Dhabi index retreating from a record high, while the Qatari index bucked the trend to trade higher.In Abu Dhabi, the index (.ADI) dropped 0.4%, a day after it reached an all-time high, pressured by a 1.1% fall in the country's largest lender First Abu Dhabi Bank (FAB.AD) and a 1.8% decline in Alpha Dhabi Holding (ALPHADHABI.AD).Aldar Properties (ALDAR.AD) on S...
Tags: Travel, Saudi Arabia, Wam, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Aramex, Adi, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank


Aramex drives #Dubai bourse higher, #Saudi at 15-year high | Reuters

Aramex drives Dubai bourse higher, Saudi at 15-year high | Reuters Dubai's stock market ended higher on Wednesday, outperforming its Gulf peers, led by a surge in logistic firm Aramex, while the Saudi index extended gains a day after hitting a 15-year peak.Dubai's main share index (.DFMGI) finished 1.4% higher, with Aramex (ARMX.DU) soaring 14.9%, its biggest intraday gain since Jan. 2009, after a direct deal worth 1.41 billion dirhams ($383.90 million) for its 295 million shares.On Tues...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Doha, Uae, Gulf, Reuters, Aramex, Adi, Tasi, Rupert Neil Bumfrey, Reuters Dubai


Aramex buoys #Dubai bourse, #Saudi at 15-year high | Reuters

Aramex buoys Dubai bourse, Saudi at 15-year high | Reuters Dubai's stock market rose in early trade on Wednesday, outperforming its regional peers, while the Saudi index held on to a 15-year high.Dubai's main share index (.DFMGI) advanced 0.8%. Aramex (ARMX.DU) surged 14.9%, its biggest intraday gain since Jan. 2009, after a direct deal worth 1.41 billion dirhams ($383.90 million) was implemented on its 295 million shares.On Tuesday, the logistics firm also resumed deliveries to and from the U...
Tags: Travel, Saudi Arabia, China, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Doha, Reuters, Aramex, Adi, Tasi, Rupert Neil Bumfrey, Al Rajhi, Abu Dhabi National Oil Co


#Saudi index hits 15-year peak; Egypt falls on profit-taking | Reuters

Saudi index hits 15-year peak; Egypt falls on profit-taking | Reuters Saudi Arabia closed at a more than 15-year high on Tuesday as crude prices resumed gains, while the Egyptian bourse retreated as investors booked profits following a recent rally.Brent crude was up 65 cents, or 0.8%, to $84.98 a barrel by 1206 GMT as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns.Saudi Arabia's benchmark index (.TASI) r...
Tags: Travel, Saudi Arabia, China, Qatar, Egypt, United Arab Emirates, Dubai, Oman, Abu Dhabi, Kashmir, Doha, Reuters, Adi, Jammu, Tasi, Etihad Etisalat


Major Gulf bourses gain in early trade; #Saudi falls | Reuters

Major Gulf bourses gain in early trade; Saudi falls | Reuters Most major stock markets in the Gulf rose in early trade on Monday with higher oil prices, while the Saudi index retreated, threatening to end a four-day winning streak.Oil prices hit their highest level in years as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel.Saudi Arabia's benchmark index (.TASI) fell 0.4%, weighed down by a...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Reuters, Adi, Tasi, Rupert Neil Bumfrey, Masraf Al Rayan, First Abu Dhabi Bank, Major Gulf, Emaar Properties EMAR DU, QIB, Qatar Islamic Bank QIB QISB QA, Aramex ARMX DU In Abu Dhabi


#Saudi leads major Gulf markets higher | Reuters

Major stock markets in the Gulf rose in early trade on Sunday amid strong oil prices, with the Saudi index outperforming the region as the country eased coronavirus curbs.The kingdom is rolling back COVID-19 restrictions from Oct. 17 in response to a sharp drop in daily infections and a considerable development in vaccinations. read moreThe authorities also cancelled curbs on fully vaccinated people at closed venues, restaurants and cinemas, and on transportation.Saudi Arabia's benchmark index (...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Spa, Gulf, Reuters, Adi, IHC, Suhail Al Mazrouei, Jabal Omar, Tasi, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, Al Rajhi Bank, UAE Energy


MIDEAST STOCKS Most Gulf exchanges track oil prices higher | Reuters

MIDEAST STOCKS Most Gulf exchanges track oil prices higher | Reuters Most stock markets in the Gulf ended higher on Thursday amid rising oil prices, with oil behemoth Saudi Aramco nearing a $2 trillion valuation.Oil prices rose by about 1% after the International Energy Agency said that record natural gas prices would boost demand for oil and top oil producer Saudi Arabia dismissed calls for additional OPEC+ supply.Saudi Arabia's benchmark index (.TASI) closed 0.6% higher, with Yanbu Natio...
Tags: Travel, Europe, Saudi Arabia, Opec, Egypt, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Saudi Aramco, International Energy Agency, Adi, Middle East Africa, Tasi, Rupert Neil Bumfrey


Yazidis visit holiest temple during Autumn Assembly – in pictures

Autumn Assembly is the highest and most important Yazidi holiday. It takes place in the holy city of Lalish, which is believed to be the place where creation began and where the seat of God descended to rule the earth. It also houses the tombs of Sheikh Adi and other holy figures. The town is considered so sacred that you are not allowed to enter while wearing shoes, especially during the assembly Continue reading...
Tags: Iraq, Religion, World news, Middle East and North Africa, Adi, Lalish


MIDEAST STOCKS #Saudi snaps 4-day winning streak as Gulf bourses end mixed | Reuters

MIDEAST STOCKS Saudi snaps 4-day winning streak as Gulf bourses end mixed | Reuters Major stock markets in the Gulf ended mixed on Sunday, with the Saudi index giving up early gains to close 0.2% lower, snapping a four-session winning streak.On Saudi Arabia's benchmark index (.TASI), Saudi Telecom Company (7010.SE) fell 1.3%, while SABIC Agri-Nutrients Co (2020.SE) retreated 2.2%.Among other losers, Almarai (2280.SE) declined 2.2% after the Gulf's largest dairy company reported a quarterly...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Cbre, Gulf, Reuters, Adi, Reuters Major, IHC, Qatar National Bank, CBRE Group, Rupert Neil Bumfrey, QSI, Gulf Egypt


MIDEAST STOCKS Most Gulf bourses end higher; #Qatar falls | Reuters

MIDEAST STOCKS Most Gulf bourses end higher; Qatar falls | Reuters Most stock markets in the Gulf ended higher on Thursday, in line with global equities, although the Qatari index bucked the trend to close lower.World stock markets got their foot back on the gas as hopes grew that Washington could resolve its debt-ceiling squabbles and a global drop in energy prices tempered deepening fears of "stagflation".Saudi Arabia's benchmark index (.TASI) added 0.2%, helped by a 0.9% gain in Al Rajh...
Tags: Travel, Washington, Saudi Arabia, Qatar, Iran, United Arab Emirates, Dubai, Abu Dhabi, Beirut, Cbre, Gulf, Reuters, Riyadh, U S Federal Reserve, Adi, Hossein Amirabdollahian