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These #Dubai Stocks Are Seen Slumping Deeper Amid MSCI Review - Bloomberg

These Dubai Stocks Are Seen Slumping Deeper Amid MSCI Review - Bloomberg:Three of Dubai’s biggest real-estate and development companies are at risk of being removed from one of the world’s most popular emerging-market benchmarks this year as a slowing economy drags down the emirate’s property values.Damac Properties PJSC’s stock has plunged by about two-thirds in the past 12 months, while Emaar Malls PJSC and Emaar Development PJSC are both down 34 percent. That performance sets them up for excl...
Tags: Travel, Bloomberg, Dubai, Rupert Neil Bumfrey, Emaar Malls PJSC, Mohamad Al Hajj, Emaar Development PJSC, Damac Properties PJSC, MSCI Review Bloomberg, EFG Hermes Holding Co

MENA merger values climb 50% in 2018: report | ZAWYA MENA Edition

MENA merger values climb 50% in 2018: report | ZAWYA MENA Edition:The value of mergers and acquisitions (M&A) announced in the Middle East and North Africa in 2018 increased by 50 percent to $54.9 billion from $36.6billion in 2017, according to a new Deals Intelligence report by Refinitiv.The 2018 Middle East and North Africa Investment Banking Analysis report states that deals involving a MENA-based company as a target were up 63 percent year-on-year to $31.4 billion - the highest level in 11 y...
Tags: Travel, Japan, Turkey, Middle East, Dubai, Abu Dhabi, Mena, North Africa, Emirates NBD, Sony Corporation, Rupert Neil Bumfrey, EMI Music Publishing, Mubadala, Saudi British Bank, Alawwal Bank, Deals Intelligence

Mideast Stocks: Petchems hurt #Saudi, #Dubai weighed down by property stocks | ZAWYA MENA Edition

Mideast Stocks: Petchems hurt Saudi, Dubai weighed down by property stocks | ZAWYA MENA Edition:The Saudi stock market dropped on Thursday as weak oil prices pressured its petrochemical firms, while weakness in property stocks such as DAMAC Properties weighed on Dubai stocks.International Brent crude oil futures were at $60.88 a barrel, down 0.4 percent from their last settlement.Saudi Arabia's index fell 0.4 percent, with industry heavyweight Saudi Basic Industries Corp sliding 0.7 percent. ...
Tags: Travel, Saudi Arabia, Dubai, Saudi Basic Industries Corp, DAMAC Properties, Rupert Neil Bumfrey

Rory ready to put his head on the block again

Rory McIlroy Rory McIlroy insists his final group hoodoo is not getting into his head as he makes his debut in the Farmers Insurance Open at Torrey Pines.The Holywood star (29), who explained that he has yet to make up his mind about whether or not he will keep his  European Tour membership this year, has come up empty-handed in his last seven appearances in final groups.After end...
Tags: Europe, Florida, US, Sport, Atlantic, Hawaii, Middle East, Golf, Rory Mcilroy, Sergio Garcia, Pga Tour, Rickie Fowler, Dubai, Shane Lowry, Padraig Harrington, Tampa

#Dubai index up nearly 1% on Emaar gains

Dubai index up nearly 1% on Emaar gains:The Dubai index jumped nearly 1 per cent on Wednesday helped by heavyweight Emaar Properties even as traded value recovered.The Dubai Financial Market General Index closed 0.93 per cent higher at 2,517. Traded value stood at Dh136 million compared to Dh80 million in the previous session.Emaar Properties, which was the most-actively traded stock, closed 2.23 per cent higher at Dh4.13. Dubai Islamic Bank closed 0.39 per cent higher at Dh5.12. Damac Propertie...
Tags: Travel, Dubai, Emaar Properties, Emaar, DAMAC Properties, Rupert Neil Bumfrey, Dubai Islamic Bank

Majid Al Futtaim boss: ‘We’ll be everywhere’ in Saudi cinema expansion

Majid Al Futtaim boss: ‘We’ll be everywhere’ in Saudi cinema expansion:A leading foreign investor in Saudi Arabia signaled his confidence in the Kingdom’s economy and investment prospects with a multibillion-dollar expansion program and a rollout of innovations in leisure and retail.Speaking on the sidelines of the annual World Economic Forum in Davos, Alain Bejjani, chief executive of Dubai-based Majid Al Futtaim (MAF), unveiled the latest stages of a $4 billion investment plan.This includes th...
Tags: Travel, Saudi Arabia, Kingdom, Dubai, Vox, Jeddah, Majid Al Futtaim, Carrefour, Rupert Neil Bumfrey, Majid Al Futtaim MAF, Davos Alain Bejjani

Damac Chairman Says #Dubai Property to Recover in 2020 – Bloomberg

Damac Chairman Says Dubai Property to Recover in 2020 – Bloomberg:Hussain Sajwani, chairman and founder of Damac Properties PJSC, discusses Dubai's property market and plans to ramp up investment in London amid a potential hard Brexit. He speaks at the World Economic Forum's annual meeting in Davos, Switzerland, on "Bloomberg Surveillance." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, London, Bloomberg, Dubai, Davos Switzerland, Rupert Neil Bumfrey, Hussain Sajwani, Dubai Property, Damac Properties PJSC

Damac May Invest Up to $1.3 Billion in London Properties - Bloomberg

Damac May Invest Up to $1.3 Billion in London Properties - Bloomberg:#Dubai’s Damac Properties PJSC plans to take advantage of the weak pound to invest as much as 1 billion pounds ($1.3 billion) in London’s real estate market.Chairman Hussain Sajwani said the Dubai-based property developer is looking at deals with values from 500 million pounds to 1 billion pounds in central London. Even if the U.K. left the European Union without a trade deal, which some analysts predict would result in sharp d...
Tags: Travel, London, Bloomberg, European Union, Davos, Dubai, World Economic Forum, U K, Bloomberg TV, Rupert Neil Bumfrey, Damac, Hussain Sajwani, Sajwani, Damac Properties PJSC

DAMAC 2018 profit fell, #Dubai property prices may have hit bottom - chairman | Reuters

DAMAC 2018 profit fell, Dubai property prices may have hit bottom - chairman | Reuters:DAMAC Properties saw annual profit fall in 2018 and earnings will be similar for the next two years, although Dubai property prices may have hit the bottom, its chairman said.Dubai property prices have steadily fallen since a mid-2014 peak, hurting earnings of developers and forcing construction and engineering firms to cut jobs and halt expansion plans.Chairman Hussein Sajwani told CNBC at the World Economic ...
Tags: Travel, Davos, Dubai, Cnbc, Reuters, World Economic Forum, Rupert Neil Bumfrey, Damac, Hussein Sajwani

Colony Capital to buy #Abraaj's Latam private equity unit | Reuters

Colony Capital to buy Abraaj's Latam private equity unit | Reuters:U.S. investment group Colony Capital Inc (CLNY.N) agreed to buy Dubai-based Abraaj Group’s private equity business in Latin America, the companies said on Wednesday.The financial terms of the deal were not disclosed.The transaction, which is being done through Abraaj Holdings and Abraaj Investment Management Limited’s joint provisional liquidators PricewaterhouseCoopers and Deloitte, is expected to close during the first quarter....
Tags: Travel, Dubai, Deloitte, Latin America, Reuters, Latam, Abraaj Group, Colony Capital, Abraaj, Rupert Neil Bumfrey, Colony Capital Inc, Abraaj Investment Management Limited, Abraaj Holdings

MIDEAST STOCKS-Financials lift #Dubai, most major Gulf markets gain | Reuters

MIDEAST STOCKS-Financials lift Dubai, most major Gulf markets gain | Reuters:The Dubai stock market snapped a three day losing streak on Wednesday, boosted by its financial and property shares, while Saudi Arabia rose on the back of its banks.The Dubai index was up 0.9 percent higher with Emirates NBD, its largest bank, adding 2.1 percent and its largest listed developer Emaar Properties gaining 2.2 percent.Gulf Arab economies are expected to grow at a slower pace than previously forecast, a qua...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Reuters, Emirates NBD, Emaar Properties, Rupert Neil Bumfrey

Boeing's flying taxi takes to the skies in its first test flight

An self-flying air taxi built by one of the world's biggest defence and aerospace giants has lifted off on its maiden test flight in the US. Boeing revealed its autonomous air passenger vehicle (PAV), which the US company hopes will be a contender for future flying taxi services. The PAV uses electric vertical takeoff and landing technology, meaning it could fly in constricted urban areas. The test saw a controlled takeoff, hover and landing and tested the flying taxi's autonomous functi...
Tags: Amazon, Science, India, US, Dubai, Cambridge, Dallas, Boeing, Pav, Amazon Air, Greg Hyslop, Japan France Brazil Australia

Colin Montgomerie says he 'could win' the Dubai Desert Classic

Colin Montgomerie believes he "could win" this week's Dubai Desert Classic on the European Tour, at the age of 55.
Tags: News, Dubai, Colin Montgomerie, Dubai Desert Classic

DP World acquires majority stake in DP World Australia

DUBAI, United Arab Emirates (AP) — Dubai-based port operator DP World says it has acquired additional assets in DP World Australia from a range of financial investors, giving the firm a majority stake in its Australian terminals.The... [Author: [email protected]]
Tags: Business, Australia, Ap, Dubai, DUBAI United Arab Emirates, DP World, DP World Australia

Alwaleed's Kingdom Backs Uber Merger Talks With Dubai Rival - Bloomberg

Alwaleed's Kingdom Backs Uber Merger Talks With Dubai Rival - Bloomberg:Kingdom Holding Co., one of Careem Networks FZ’s biggest backers, supports a potential merger between the Middle East ride-hailing firm and Uber Technologies Inc., according to the head of Prince Alwaleed Bin Talal’s investment firm. “We don’t interfere nor are we party to the discussions, and if it ever happens I think we are supportive of it yes,” Chief Executive Officer Talal Bin Ibrahim Al Maiman said in an interview at ...
Tags: Travel, Middle East, Dubai, Careem, Alwaleed Bin Talal, World Economic Forum, Davos Switzerland, Uber Technologies Inc, Kingdom Holding Co, Alwaleed, Rupert Neil Bumfrey, Careem Networks FZ, Talal Bin Ibrahim Al Maiman, Dubai Rival Bloomberg

Traded value falls on #Dubai bourse

Traded value falls on Dubai bourse:Traded value fell by a half on Tuesday amid waning interest from speculators as Dubai index continued its losing streak for another session.Traded value fell to Dh78 million from Dh150 million in the previous session. The Dubai Financial Market general index closed 0.20 per cent lower at 2,493.92. Emirates NBD weighed on the Dubai index closing down 1.74 per cent lower at Dh9.01. Emaar Malls closed 3 per cent lower at Dh1.60. [Author: [email protected] (Ru...
Tags: Travel, Dubai, Emirates NBD, Dubai Financial Market, Rupert Neil Bumfrey, Emaar Malls

Son ‘unhappy’ as Koreans given fright by Bahrain’s part-timers

Dubai (AFP) – Tottenham Hotspur star Son Heung-min told his South Korea team-mates “we’re better than that” after they needed extra time to scrape past Bahrain’s part-timers 2-1 in the Asian Cup last 16 on... Visit for the rest of the story.
Tags: South Korea, Sport, Soccer, Tottenham Hotspur, Dubai, Bahrain, Afp, Son Heung

Son’s Korea survive Bahrain scare to reach Asian quarters

Dubai (AFP) – Son Heung-min’s South Korea needed an extra-time winner to beat world ranked 113th Bahrain 2-1 as they stumbled into the Asian Cup quarter-finals in unconvincing fashion on Tuesday. Kim Jin-su’s diving header... Visit for the rest of the story.
Tags: South Korea, Sport, Soccer, Korea, Dubai, Bahrain, Afp, Heung, Kim Jin

Marriott CEO Trash Talks Indian Hotel Chains

Marriott CEO Arne Sorenson trash talked Indian hotel chains at Arabian Business in Dubai, suggesting that they might as well just stay niche players in India — they’ll never compete with Marriott. Sorenson believes there’s no room for competitors now because of Marriott’s wide array of brands and loyalty program (“choice of price points, design sensibilities, and programmes”). He may overestimate their position, though. Continue reading Marriott CEO Trash Talks Indian Hotel Chains...
Tags: Travel, Advice, India, Dubai, Marriott, Arne Sorenson, Marriott Sorenson

Nasdaq #Dubai welcomes listing of $750mln sukuk by Dubai Islamic Bank | ZAWYA MENA Edition

Nasdaq Dubai welcomes listing of $750mln sukuk by Dubai Islamic Bank | ZAWYA MENA Edition:Nasdaq Dubai today welcomed the listing of a US$750 million Sukuk by the Dubai Islamic Bank, DIB. It is Nasdaq Dubai’s first Sukuk listing of 2019 and DIB’s seventh altogether on the exchange.DIB is the leading UAE-based Sukuk issuer by value on Nasdaq Dubai with a total of six billion US dollars including the latest listing. The bank’s principal activities centre on retail banking, business banking, corpor...
Tags: Travel, US, Dubai, Uae, DIB, Rupert Neil Bumfrey, Dubai Islamic Bank, Nasdaq Dubai, Dubai Islamic Bank DIB It is Nasdaq Dubai

Empowerment In The Hospitality Industry – How To Make It Work | By Dr. Steffen Raub

An interview with Philip Jones, GM. Philip Jones has been in hospitality for 25 years. He started his career in his native Ireland, where he worked for an independent boutique hotel for 5 years. Then worked for the next 12 years for Ritz Carlton in the USA before working for Jumeirah for 2 years in the Middle East. Most recently he has been with Mövenpick for 7 years, as a general manager in Vietnam, Singapore and Dubai. Philip Jones is currently General Manager of the Mövenpick Hotel Jum...
Tags: Travel, Usa, Ireland, Dubai, Ritz Carlton, Vietnam Singapore, Mövenpick, Philip Jones, Middle East Most, Steffen Raub, Philip Jones GM Philip Jones

$5 billion Dubai megaresort rises from The World

The Heart of Europe, a $5 billion megaresort on The World archipelago, aims to revive the fortunes of one of Dubai's grandest development projects.
Tags: Europe, Cnn, World, Dubai

$5 billion Dubai megaresort rises from the sea

Four kilometers off the Dubai coastline lies Europe. Or a version of it, at least.
Tags: Europe, News, Dubai, Stories

$5 billion Dubai mega-resort rises from The World

A colossal resort on The World archipelago aims to revive the fortunes of one of Dubai's grandest development projects.
Tags: Cnn, World, Dubai

#Dubai Aerospace Enterprise grows fleet to 54 aircraft - The National

Dubai Aerospace Enterprise grows fleet to 54 aircraft - The National:Dubai Aerospace Enterprise, the Dubai aircraft lessor, added 19 jets to its portfolio over the course of 2018, taking its total managed fleet to 54, valued at more than $500 million (Dh1.83 billion).In December, DAE agreed to sell 18 jets to institutional investors as part of plans to divest certain assets in order to grow its managed aircraft portfolio. The Middle East’s biggest plane lessor is also working with investors thro...
Tags: Travel, Middle East, Dubai, Rupert Neil Bumfrey, Dubai Aerospace Enterprise, Firoz Tarapore, Aircraft Investor Services AIS

US$30 billion worth of hotels to be built in MENA by 2023

Dubai, UAE. 21 January, 2019. The Arabian Hotel Investment Conference (AHIC) 2019 has released the second annual AHIC Hotel Investment Forecast, which reveals that close to US$30 billion worth of hotel construction contracts will be awarded in the Middle East and North Africa between now and 2023.
Tags: Travel, US, Middle East, Dubai, Mena, North Africa, AHIC Hotel Investment Forecast

Klopp seeks solutions for Liverpool defensive crisis

London (AFP) – Liverpool manager Jurgen Klopp has taken his “warriors” to Dubai for a warm-weather training camp where he will search for a solution to his defensive dilemma. The Premier League leaders, four points... Visit for the rest of the story.
Tags: London, Sport, Soccer, Premier League, Liverpool, Dubai, Jurgen Klopp, Klopp, Afp, AFP Liverpool

Lowry officially 41st in the world

Shane Lowry hits his tee shot on the 13th hole during the third round of the 100th PGA Championship at Bellerive in St. Louis, Missouri in 2018. Photo by Montana Pritchard/PGA of America Shane Lowry’s dramatic Abu Dhabi HSBC victory has catapulted him 34 places to 41st in the latest Official World Golf Ranking.The Offaly man (31) is also top of the Race to Dubai heading to this we...
Tags: Japan, New York, Sport, Thailand, Graeme Mcdowell, Golf, Phil Mickelson, Rory Mcilroy, European Tour, Wgc, Dubai, Shane Lowry, Padraig Harrington, Memphis, Pebble Beach, Paul Casey

UPDATE 1- #Dubai property developers put bond plans on hold -sources | Reuters

UPDATE 1-Dubai property developers put bond plans on hold -sources | Reuters:Dubai’s Emaar Properties and state-owned developer Nakheel have put on hold plans to issue U.S. dollar-denominated bonds, Emaar and sources familiar with the bond issues said, amid a real estate downturn and volatility in emerging markets.Emaar told Reuters that it had put on hold a planned bond issue, blaming rising interest rates but did not elaborate. Nakheel declined to comment.Three financial sources said the firms...
Tags: Travel, Dubai, Reuters, Nakheel, Emaar Properties, Emaar, Rupert Neil Bumfrey

The Epic Junooni Experience

Around the middle of 2018, a friend working in the Dubai events industry asked me if I would be interested in a Junoon Reunion Concert in Dubai.Hell Yeah I would be!He then asked me to do some quick research on whatsapp by asking my friends the same question and also figuring out the price range they would be willing to pay to watch Junoon again.Majority answered YES! Many said they would fly down from Karachi if this were to happen. Some said that it will never happen. Junoon will never reunite...
Tags: Sex, Pakistan, Dubai, Brian, Ahmed, Psl, KARACHI, Salman, Pepsi, Brian O Connell, Pakistan Zindabad, Dubai International Cricket Stadium, Junoon, Ali Azmat, Junoon Ali Azmat, Ali Azmat Salman Ahmed