Posts filtered by tags: GCC[x]


 

POLL-Gulf's 2021 rebound likely to be slower than previously forecast | Reuters

POLL-Gulf's 2021 rebound likely to be slower than previously forecast | Reuters Forecasts for economic recoveries in the six-member Gulf Cooperation Council in 2021 have been trimmed while expectations for gross domestic product declines last year were mixed in a quarterly Reuters survey of analysts released on Tuesday.Economists in the Jan. 11-25 poll maintained their views that the hydrocarbon-dependent region’s economic fortunes would turn around this year after it was hammered by the pandemi...
Tags: Travel, Saudi Arabia, Qatar, GCC, Oman, Reuters, Gulf Cooperation Council, UAE Kuwait, Rupert Neil Bumfrey


Top global prospects invited to Omega Dubai Desert Classic

Jayden Schaper of South Africa tees off on the 17th hole during Day 4 of the Alfred Dunhill Championship at Leopard Creek Country Golf Club on November 29, 2020 in Malelane, South Africa. (Photo by Warren Little/Getty Images Some of the most promising professionals and amateurs from around the world have been invited to compete against a field full of...
Tags: Japan, Scotland, Germany, US, Spain, Sport, Turkey, United States, South Africa, GCC, Hawaii, Morocco, Middle East, Golf, Justin Rose, Sergio Garcia


Flatpak 1.10 Officially Released with GCC 11 Support, New Features and Improvements

Alexander Larsson announced today the general availability of Flatpak 1.10, a major release of the popular Linux application sandboxing and distribution framework.
Tags: GCC, Linux, Flatpak, Alexander Larsson


Fixed income market outlook: GCC issuances to remain subdued in 2021 | ZAWYA MENA Edition

Fixed income market outlook: GCC issuances to remain subdued in 2021 | ZAWYA MENA Edition Kuwait-based Kamco Invest expects fixed income issuances in 2021 in the GCC to remain flat to marginally lower year-on-year (y-o-y) after record growth last year. “Government issuances are expected to decline from the exceptional growth in 2020 due to significantly smaller deficit financing expected next year. On the other hand, corporate issuances are expected to remain strong led by economic revival, bett...
Tags: Travel, GCC, Kuwait, Rupert Neil Bumfrey, Kamco Invest


Dunne and Sharvin land Saudi International invitations

Takumi Kanaya of Japan (above), Akshay Bhatia, Paul Dunne, Harry Hall, Shergo Kurdi, Eduard Rousaud Sabate and Cormac Sharvin receive coveted invites for the Saudi International next month. Photo by Harry How/Getty Images) Paul Dunne and Cormac Sharvin will tee it up on invitations in next month's Saudi International powered by Softbank Investment Ad...
Tags: Japan, England, Saudi Arabia, Kingdom, Softbank, America, Spain, Sport, GCC, Middle East, Graeme Mcdowell, Golf, Phil Mickelson, Sergio Garcia, European Tour, Oman


Assets of #UAE's first ETF climb above Dh50m just six months after its listing | The National

Assets of UAE's first ETF climb above Dh50m just six months after its listing | The National Assets managed by the Chimera S&P UAE Shariah Exchange Traded Fund climbed to more than Dh50 million ($13.6m) just six months after the UAE’s first ETF started trading on the country’s two stock exchanges.The ETF now ranks as the third-largest in the Middle East and North Africa region, Abu Dhabi-based asset management firm Chimera Capital said in a statement on Monday.The net asset value of both share c...
Tags: Travel, GCC, Middle East, Abu Dhabi, Uae, North Africa, Rupert Neil Bumfrey, Seif Fikry, National Assets, Chimera Capital


Resolution of #Qatar dispute will broadly improve GCC business, investment: S&P | ZAWYA MENA Edition

Resolution of Qatar dispute will broadly improve GCC business, investment: S&P | ZAWYA MENA Edition The restoration of the Gulf Cooperation Council’s relationship with Qatar will improve cooperation but the damage done by the rift is likely to remain, says S & P.Following the resolution of the dispute between Qatar and the other GCC states, S & P said political and economic cooperation will both improve, but the damage done to the three-year boycott, both real and perceived, will remain.However,...
Tags: Travel, Saudi Arabia, Qatar, Egypt, GCC, Bahrain, Uae, Gulf Cooperation Council, Rupert Neil Bumfrey


Gulf tourism losses due to coronavirus could reach $60bn - Arabianbusiness

Gulf tourism losses due to coronavirus could reach $60bn - Arabianbusiness The Gulf's travel and tourism industry may have lost up to $60 billion during 2020 due to the ongoing restrictions related to the global coronavirus pandemic.Consultants Frost & Sullivan said in a new research report that the sector's financial loss is expected to reach $50-60 billion, with hotels likely to account for up to $15 billion of the losses.Frost & Sulllivan said the growth in the tourism and travel sector ...
Tags: Travel, GCC, Frost Sullivan, Rupert Neil Bumfrey, Frost Sulllivan


#UAE- #Qatar ties: All land, sea and air ports to reopen January 9 | ZAWYA MENA Edition

UAE-Qatar ties: All land, sea and air ports to reopen January 9 | ZAWYA MENA Edition The UAE will reopen air, land and sea borders with Qatar starting Saturday, state news agency, Wam announced.In a statement issued on Friday, Khalid Abdullah Belhoul, Undersecretary of the Ministry of Foreign Affairs and International Cooperation, said the UAE will hold bilateral talks to phase out the boycott in effect against Qatar since June 5, 2017. This follows the signing of the Al Ula Declaration on Tuesd...
Tags: Travel, Saudi Arabia, Wam, Qatar, GCC, Uae, Gulf, Rupert Neil Bumfrey, Anwar Gargash, UAE Qatar, Gargash, Khalid Abdullah Belhoul Undersecretary


#Qatar Comes Out of GCC Embargo with a Much Stronger Hand - Bloomberg

Qatar Comes Out of GCC Embargo with a Much Stronger Hand - Bloomberg Bringing Doha back.   Source: Royal Council of Saudi Arabia/Anadolu Agency via Getty Images On Tuesday, Qatar was welcomed back into the fold of Gulf Arab states after a three-and-a-half-year embargo. As my colleague Hussein Ibish noted, this does not mean the country has resolved its disputes with Saudi Arabia, the United Arab Emirates, Bahrain and Egypt — the neighbors that imposed its isolation. No lambs wer...
Tags: Travel, Saudi Arabia, Israel, Qatar, Bloomberg, Iran, Egypt, GCC, Al Jazeera, Abu Dhabi, Doha, Uae, Mohammed bin Zayed, Gulf Arab, Hussein Ibish, United Arab Emirates Bahrain


United Arab Emirates: GCC: New Patent Filings - United Trademark & Patent Services

Following the recent GCC Supreme Council meeting, the GCC Patent office will no longer be accepting new patent filings as of January 6th 2021.
Tags: News, GCC, United Arab Emirates, GCC Supreme Council, Patent Services, New Patent Filings United Trademark


Negative outlook for GCC sovereigns as recovery could take up to 3 years - Moody's | ZAWYA MENA Edition

Negative outlook for GCC sovereigns as recovery could take up to 3 years - Moody's | ZAWYA MENA Edition It will take two to three years for real, inflation-adjusted GDP in GCC sovereigns to return to pre-pandemic levels, Moody’s Investors Service said in a report Wednesday.Even then recovery will take the longest in the more economically diversified sovereigns, where key sectors such as transportation and tourism will be slow to bounce back, the ratings agency said in its outlook for sovereign c...
Tags: Travel, GCC, Moody, SWF, Rupert Neil Bumfrey, Moody 's Investors Service


#Qatar's biggest bank expects Gulf detente to boost companies, lenders | Reuters

Qatar's biggest bank expects Gulf detente to boost companies, lenders | Reuters Qatari companies including banks are forecast to get a boost from a deal to end a more than three-year row between Doha and some Gulf states, which was announced by Crown Prince Mohammed bin Salman on Tuesday.QNB Financial Services Research, part of Qatar’s biggest bank, said in a note that Qatari banks are set to benefit from the GCC resolution agreed at a Gulf summit on Tuesday “based on general investor optimism a...
Tags: Travel, Qatar, GCC, Doha, Gulf, Reuters, Qatar Airways, Mohammed bin Salman, QNB, Rupert Neil Bumfrey, KSA Kingdom of Saudi Arabia, QNB Financial Services Research


Major Gulf stocks little changed a day after Gulf row eases | Reuters

Major Gulf stocks little changed a day after Gulf row eases | Reuters Major Gulf stock markets where little changed early on Wednesday, a day after a breakthrough in the Gulf’s diplomatic rift, as a negative outlook for the Gulf Cooperation Council(GCC) sovereigns appeared to eclipse the positive sentiment.Moody’s sees a negative outlook for the GCC sovereigns in 2021, driven by lower oil revenues and reduced fiscal strength.Oil prices are unlikely to mount much of a recovery in 2021 as a new co...
Tags: Travel, Saudi Arabia, Qatar, Egypt, GCC, United Arab Emirates, Dubai, Abu Dhabi, Bahrain, Doha, Ooredoo, Gulf, Reuters, Moody, Gulf Cooperation Council GCC, Emaar Properties


Arab States to Restore Ties With #Qatar as Three-Year Rift Ends - Bloomberg

Arab States to Restore Ties With Qatar as Three-Year Rift Ends - Bloomberg Faisal bin Farhan al-Saud during a press conference on Jan. 5.   Photographer: FAYEZ NURELDINE/AFP via Getty Images Four Arab states agreed to fully restore ties with Qatar, Saudi Arabia said on Tuesday, ending a more than three-year dispute that divided the major energy-producing region at a time of heightened tensions over Iran.Saudi Arabia, Bahrain, the United Arab Emirates and Egypt made the pledg...
Tags: Travel, Qatar, Joe Biden, Iran, Egypt, GCC, United Arab Emirates, Biden, Tehran, Donald Trump, Gulf Cooperation Council, Qatar Saudi Arabia, Rupert Neil Bumfrey, Fayez Nureldine, Faisal bin Farhan, Bloomberg Faisal bin Farhan al Saud


#SaudiArabia, #Qatar to sign U.S.-brokered deal to ease Gulf crisis - Axios

Saudi Arabia, Qatar to sign U.S.-brokered deal to ease Gulf crisis - Axios Saudi Crown Prince Mohammed bin Salman (L) and Qatar Emir Sheikh Tamim Bin Hamad Al-Thani. Photo: Fayez Nureldine/AFP via Getty Images Saudi Arabia, Qatar and other Gulf countries are expected to sign an agreement on Tuesday toward ending a diplomatic crisis in the Gulf after 3½ years. The big picture:  A Saudi-led coalition severed ties with Qatar in 2017 and closed their airspace and sea routes to Qatar...
Tags: Travel, Washington, Saudi Arabia, White House, Qatar, Joe Biden, Iran, Egypt, GCC, Biden, Muslim Brotherhood, Bahrain, Kuwait, Doha, Gulf, Trump


Gulf Traders Need More Than a Thaw With #Qatar to Stoke Rally - Bloomberg

Gulf Traders Need More Than a Thaw With Qatar to Stoke Rally - Bloomberg Investors want to see more pieces of the Middle East’s geopolitical jigsaw drop into place before they give bonds in the region a fresh lift.The Gulf Cooperation Council’s annual meeting in Saudi Arabia on Tuesday is raising hopes for a thaw between Qatar on one side, and Saudi Arabia, the United Arab Emirates, Bahrain and Egypt on the other. But the market impact may be muted as investors focus on bigger concerns, includin...
Tags: Travel, Washington, Saudi Arabia, Qatar, Joe Biden, Egypt, GCC, Middle East, Tehran, Bloomberg Television, Gulf Cooperation Council, United Arab Emirates Bahrain, Rupert Neil Bumfrey, Franklin Templeton, Mohieddine Kronfol Dubai, Stoke Rally Bloomberg


Foreign investors sold net $150.5mln of stocks on #Saudi Tadawul in December | ZAWYA MENA Edition

Foreign investors sold net $150.5mln of stocks on Saudi Tadawul in December | ZAWYA MENA Edition Foreign investors were net sellers of 564.5 million riyals ($150.5 million) worth of stocks on the Saudi Stock Exchange (Tadawul) in December 2020, according to data issued by the bourse. During the month, they bought 15.95 billion riyals worth of stocks and sold 16.52 billion riyals worth of stocks.Saudi institutional investors were net buyers of 4.06 million riyals worth of stocks as they bought st...
Tags: Travel, GCC, Rupert Neil Bumfrey, Saudi Stock Exchange Tadawul, Saudi Tadawul


Why #Saudi banks are better positioned in 2021 compared to GCC peers | Banking – Gulf News

Why Saudi banks are better positioned in 2021 compared to GCC peers | Banking – Gulf News Saudi banks are entering the New Year from a position of advantage with higher loan growth and relatively low impairments reported in in the first three quarters of 2020.Despite the challenging operating environment posed by COVID-19 and drastic fall in oil prices, 2020 was not such a bad year for the Saudi Banks, according to Bank of America Merrill Lynch (BoAML) analysts.The Saudi banks, like others in th...
Tags: Travel, GCC, Imf, Bank of America Merrill Lynch, Middle East North Africa, Rupert Neil Bumfrey, COVID


Review: COVID-19, low oil price dragged most GCC indices into red in 2020 | ZAWYA MENA Edition

Review: COVID-19, low oil price dragged most GCC indices into red in 2020 | ZAWYA MENA Edition GCC markets under performed their global peers and ended 2020 mixed, according to the GCC Markets Monthly Report by Kamco Invest.Nearly all the markets remained in the red for most of the year due to the impact of Covid-19 and the decline in crude oil prices since March 2020.Global crude prices lost more than a fifth of their value in 2020, as lockdowns to combat COVID-19 depressed economic activity an...
Tags: Travel, GCC, Imf, KAMCO, Rupert Neil Bumfrey, MSCI GCC


#Qatar Ruler Gets Invite to Attend Summit That May Ease Gulf Rift - Bloomberg

Qatar Ruler Gets Invite to Attend Summit That May Ease Gulf Rift - Bloomberg Sheikh Tamim bin Hamad Al Thani   Photographer: Alexander Hassenstein/Getty Images Qatar’s ruler received an invitation from Saudi Arabia’s king to attend next month’s Gulf Cooperation Council summit, which may help to ease a dispute that shattered regional unity and set back U.S. efforts to isolate Iran.GCC Secretary General Nayef Falah Al-Hajraf delivered the invitation to Sheikh Tamim bin Hamad Al ...
Tags: Travel, Saudi Arabia, Opec, Qatar, Joe Biden, Iran, Egypt, GCC, Oman, Donald Trump, Bahrain, Doha, Uae, Gulf Cooperation Council, Tamim Bin Hamad Al Thani, Hamad al Thani


#UAE optimistic about oil demand recovery in 2021 | ZAWYA MENA Edition

UAE optimistic about oil demand recovery in 2021 | ZAWYA MENA Edition The UAE is optimistic about a recovery in oil demand in 2021.Rollout of coronavirus vaccines and improvement in relations between the US and China are likely to increase the demand for oil, Energy minister Suhail Al-Mazrouei told Sky News Arabia. “Recovery will be gradual, and won’t happen in a quarter or two,” he said.The OPEC+ alliance of oil producers has successfully mitigated the impact of reduced demand, said Al-Mazrouei...
Tags: Travel, Energy, London, China, US, Opec, GCC, Uae, Gulf, Capital Economics, Sky News Arabia, Suhail Al Mazrouei, Rupert Neil Bumfrey, Al Mazrouei


Founder of #UAE healthcare major Aster mulls London, #Dubai listing - Arabianbusiness

Founder of UAE healthcare major Aster mulls London, Dubai listing - Arabianbusiness UAE-based healthcare major Aster is looking again at listing the company on either London Stock Exchange or Dubai Financial Market, its founder has told Arabian Business.The discussions come as management are keen to discover the true value of the company for its shareholders, said Dr Azad Moopen, founder chairman and managing director of Aster DM Healthcare.“About 80 percent of our business comes from the G...
Tags: Travel, London, India, London Stock Exchange, GCC, Dubai, Uae, London Dubai, Dubai Financial Market, Rupert Neil Bumfrey, Aster DM Healthcare, Aster, Arabianbusiness UAE, Azad Moopen, Moopen, Aster DH Healthcare


Bond Record, Budget Pain, Iran and Biden: Mideast Risks in 2021 - Bloomberg

Bond Record, Budget Pain, Iran and Biden: Mideast Risks in 2021 - Bloomberg Gulf Arab nations approach 2021 with their currency pegs steadied, oil prices clawing back ground, and bond investors keen for the region’s high-rated, high-yielding names.But the pain from Covid-19 and the slump in crude hasn’t gone, and S&P Global Ratings predicts only a “modest recovery” in the six-nation Gulf Cooperation Council through 2023, after a contraction of about 6% this year. And while the region’s markets a...
Tags: Travel, Saudi Arabia, Qatar, Bloomberg, Joe Biden, GCC, Middle East, United Arab Emirates, Dubai, Biden, Gulf Cooperation Council, Rupert Neil Bumfrey, Franklin Templeton, Tarek Fadlallah, Kronfol, COVID


GCC real estate market will remain under pressure; developers to continue offering incentives | ZAWYA MENA Edition

GCC real estate market will remain under pressure; developers to continue offering incentives | ZAWYA MENA Edition The residential market in the GCC is expected to remain under pressure until segment fundamentals such as number of households, employment rates improve, KAMCO Invest said in a report.The Kuwait based investment and financial services company said developers will continue to offer a range of incentives such as fee waivers, discounts and rent-to-own agreements, combined with home fin...
Tags: Travel, GCC, Kuwait, Rupert Neil Bumfrey


Another COVID-19 Outbreak at John MacArthur’s Grace Community Church?

Twitter user and Medium writer Modern Day Zorro posted a piece on Medium with news of another Grace Community Church COVID outbreak (there was one back in October). MDZ is close to GCC and has never been wrong with news on the church. My question mark in the title is admittedly self-protective, and because I have not been able to get confirmation from Grace’s PR firm. Given the lack of mitigation measures and the ignorance about COVID which have been apparent at Grace, I don’t doubt the report. ...
Tags: Health, GCC, Infertility, Grace, John MacArthur, MacArthur, Grace Community Church, Clayton Erb, Jenna Ellis, COVID-19, COVIDGrace, John MacArthur 's Grace Community Church, Modern Day Zorro, Bill Brandenstein Mark Zhakevich Clayton Erb, Grace Will Varner


Another COVID-19 Outbreak at John MacArthur’s Grace Community Church – UPDATED

Twitter user and Medium writer Modern Day Zorro posted a piece on Medium with news of another Grace Community Church COVID outbreak (there was one back in October). MDZ is close to GCC and has never been wrong with news on the church. (My question mark in the title is admittedly self-protective, and because I have not been able to get confirmation from Grace’s PR firm. – See the update below) Given the lack of mitigation measures and the ignorance about COVID which have been apparent at Grace, I...
Tags: Health, GCC, Infertility, Grace, John MacArthur, MacArthur, Grace Community Church, Clayton Erb, Julie Roys, Jenna Ellis, COVID-19, COVIDGrace, John MacArthur 's Grace Community Church, Modern Day Zorro, Bill Brandenstein Mark Zhakevich Clayton Erb, Grace Will Varner


Debt to weigh on #Qatar’s ratings, even after GCC detente | ZAWYA MENA Edition

Debt to weigh on Qatar’s ratings, even after GCC detente | ZAWYA MENA Edition Normalization of relations between Qatar and its neighbors would be credit positive for Qatar, but high public sector debt will remain a drag on the country’s sovereign ratings, says Fitch Ratings.There have been recent signs of progress towards a resolution of the dispute that began in mid-2017 between Qatar and the ‘Quartet’ (the United Arab Emirates, Saudi Arabia, Bahrain and Egypt) and resulted in the near-complete...
Tags: Travel, Saudi Arabia, Qatar, Egypt, GCC, Rupert Neil Bumfrey, United Arab Emirates Saudi Arabia Bahrain


Investing in ETFs: GCC investors lack financial literacy - experts | ZAWYA MENA Edition

Investing in ETFs: GCC investors lack financial literacy - experts | ZAWYA MENA Edition Exchange-traded funds (ETFs) based in the Gulf Cooperation Council (GCC) region remain “abysmally” low, but the growing appetite for diversified investments could help the market move forward next year, according to industry sources.Since introduced in the market in the early 1990s, ETFs in the Gulf have so far accounted for only $285 million in value. Whereas, ETFs around the world hold trillions of dollars ...
Tags: Travel, London, Saudi Arabia, GCC, Gulf, Mena, Gulf Cooperation Council GCC, Rupert Neil Bumfrey, ETFGI, MENA Edition Exchange, Sherif Salem CIO of Chimera Capital


New platform allows travelers from any country to book Covid-19 pre-travel tests

Pure Health, the largest laboratory operator in the GCC, has launched a platform for travelers from any country to book Covid-19 pre-travel tests and get it done from anywhere in the world.
Tags: Health, GCC