Posts filtered by tags: Gulf[x]


 

#Dubai’s message to its people: be tolerant, or else | Financial Times

Dubai’s message to its people: be tolerant, or else | Financial Times:Dubai has a limitless ability to reinvent itself. Having run out of branding wonders — think of Burj Khalifa or its man-made islands — the Gulf emirate has now latched on to catchy concepts. Drive through the city’s boulevards and you’ll see of billboards celebrating the “year of tolerance”; you might even spot “Tolerance Bridge”. Talk to residents and you will learn that school children are assigned tolerance projects and art...
Tags: Travel, United Arab Emirates, Dubai, Francis, Uae, Financial Times, Burj Khalifa, Gulf, Rupert Neil Bumfrey


Ex Colombia soccer star arrested for drug shipments

BOGOTA, Colombia (AP) — Former Southampton and Portsmouth midfielder Jhon Viafara has been arrested in his native Colombia on a U.S. drug warrant, officials said Wednesday. Colombia’s chief prosecutor’s office said that prosecutors in Texas believe Viafara was part of a criminal network tied to the nation’s feared Gulf cartel, which for a decade moved […]
Tags: Texas, News, Sports, Colombia, Soccer, Nation, Southampton, Portsmouth, Bogota, Gulf, Colombia AP, Jhon Viafara, Viafara


Mideast Stocks: Global mood pulls down most major Gulf markets | ZAWYA MENA Edition

Mideast Stocks: Global mood pulls down most major Gulf markets | ZAWYA MENA Edition:Saudi Arabia's stock market dropped on Wednesday as its banks fell, while most major Gulf markets also slid, mirroring global cues ahead of a decision by the U.S. Federal Reserve on its interest rate plans for the year.Major Gulf countries have their currencies pegged with the U.S. dollar and any decision by the Federal Reserve will directly impact currency performance of those countries.Saudi's index fell 0.4 pe...
Tags: Travel, Saudi Arabia, Federal Reserve, Gulf, U S Federal Reserve, Russell, Rupert Neil Bumfrey, Major Gulf


Pompeo, in Kuwait, again urges resolution to Gulf crisis

JERUSALEM (AP) — U.S. Secretary of State Mike Pompeo on Wednesday renewed calls for a resolution to a festering dispute between Qatar and four other Arab nations, all of them America’s partners in the Middle East. On a visit to Kuwait, which has been attempting to mediate an end to the crisis, Pompeo said the […]
Tags: News, Jerusalem, America, Qatar, Nation, Middle East, Kuwait, Gulf, State, Pompeo, Mike Pompeo


Former churches turned into bars

Historic churches are already some of the most gorgeous structures in the world. Recently, a select few have been turned into something even more beautiful — bars. Don’t worry, it’s not sacrilegious. These churches have been deconsecrated, so they’re simply regular buildings with stunning architectural designs at this point. The conversion is a win-win for both the churches and the bars. Official estimates list the number of church closures at around 4,000 a year, and new tenets are keeping ...
Tags: Travel, UK, England, Church, US, New Orleans, Dublin, Denver, Pittsburgh, All, Gulf, Cincinnati, Taft, DUBLIN Ireland, Cincinnati Ohio, Nellie


US briefing: Brexit, New Zealand and US Liberians facing deportation

Tuesday’s top story: Brexit chaos after official thwarts May’s plans for third vote. Plus, why Israel is making friends with Gulf monarchiesSubscribe now to receive the morning briefing by email.Good morning, I’m Tim Walker with today’s essential stories. Continue reading...
Tags: Israel, US, Gulf, Tim Walker, Brexit New Zealand


FIFA Qatar 2022 plan would ‘exacerbate’ Gulf tensions

Doha (AFP) – FIFA President Gianni Infantino’s plan to expand the Qatar World Cup to 48 teams and increase the number of host countries risks worsening existing Gulf diplomatic tensions, claim analysts. The ambitious expansion... Visit http://www.majorleaguesoccertalk.com for the rest of the story.
Tags: Qatar, Sport, Soccer, Fifa, Doha, Gulf, Afp, Gianni Infantino


La Scala opera house to return Saudi donation of €3m after outcry

Human rights groups and Italian politicians decry deal to give €15m over five yearsThe prestigious La Scala opera house in Milan has decided to return around €3m (£2.6m) to Saudi Arabia following a backlash against a plan that would have seen the Gulf state’s culture minister become a board member.The plan, orchestrated by Alexander Pereira, La Scala’s chief executive and artistic director, was unanimously rejected by the board after it drew widespread criticism from human rights groups and Ital...
Tags: Europe, Milan, Saudi Arabia, Theatre, World news, Culture, Italy, Stage, Arts funding, Gulf, La Scala, Alexander Pereira La Scala


#UAE Plans to Ease Citizens' Debt Burden as Economy Slows - Bloomberg

U.A.E. Plans to Ease Citizens' Debt Burden as Economy Slows - Bloomberg:The United Arab Emirates started a program that aims to reduce the debt burden of its citizens as the oil-rich Gulf country grapples with an economic slowdown.The program, launched by the central bank, targets loans that cost individuals more than 50 percent of their monthly salary, according to the state-run WAM news agency. Payments would be consolidated over a maximum period of four years and capped at half the person’s s...
Tags: Travel, Wam, United Arab Emirates, Gulf, Rupert Neil Bumfrey


Kuwait Airways Said to Seek $350 Million Loan to Pay for Planes - Bloomberg

Kuwait Airways Said to Seek $350 Million Loan to Pay for Planes - Bloomberg:Kuwait Airways Corp. is seeking a $350 million loan that will help the Gulf carrier pay for planes, people with knowledge of the deal said.The state-run airline is talking to banks to raise a five-year facility, said the people, asking not to be identified because the information is private. It’ll be used to make early payments for narrow-body jets, they said.Kuwait Airways has 15 Airbus SE A320neo narrow-body planes on ...
Tags: Travel, Bloomberg, Boeing, Kuwait Airways, Gulf, Rupert Neil Bumfrey, Kuwait Airways Said, Planes Bloomberg, Kuwait Airways Corp


MIDEAST STOCKS- #Saudi dips ahead of FTSE Russell index inclusion, other markets mixed | Reuters

MIDEAST STOCKS-Saudi dips ahead of FTSE Russell index inclusion, other markets mixed | Reuters:Saudi stocks dipped slightly on Sunday, a day ahead of the market's inclusion in the FTSE Russell's emerging market index, while other Gulf markets were mixed with Qatar down 1.1 percent on weakness in banks and real estate firms.Investors booked profits in recent gainers on the Tadawul, weakening the benchmark, which was down 0.2 percent. The Saudi index has gained 9.5 percent so far this year, outper...
Tags: Travel, Qatar, Gulf, Reuters, Tadawul, Russell, Rupert Neil Bumfrey


Yemen's Houthis say ready to strike Riyadh, Abu Dhabi if coalition moves on Hodeidah

Yemen's Houthi group said they were building their ballistic capabilities and their forces stand ready to strike Riyadh and Abu Dhabi if implementation of a U.N. peace deal in the port city of Hodeidah is breached. A spokesman of the Houthi forces said the group has a "stockpile of missiles" and the group can hit Saudi Arabia and the United Arab Emirates (UAE), the two Gulf states leading the coalition backing the government of Abd-Rabbu Mansour Hadi, whenever the military command decides on th...
Tags: News, Saudi Arabia, Abu Dhabi, Yemen, Gulf, Riyadh, United Arab Emirates UAE, Houthis, Abd Rabbu Mansour Hadi, Riyadh Abu Dhabi, Hodeidah


MIDEAST STOCKS- #Saudi edges up ahead of FTSE Russell index inclusion, other mkts mixed | Reuters

MIDEAST STOCKS-Saudi edges up ahead of FTSE Russell index inclusion, other mkts mixed | Reuters:Saudi stocks were trading 0.2 percent higher on Sunday, a day ahead of the exchange’s inclusion in the FTSE Russell’s emerging market index, while other Gulf markets were mixed with Qatar down 0.8 percent on weakness in banks and real estate firms.The Saudi index has gained 9.8 percent so far this year, outperforming major Gulf markets. Foreign investors have been net buyers of Saudi stocks every week...
Tags: Travel, Qatar, Gulf, Reuters, MSCI, Russell, Rupert Neil Bumfrey, Riyad Capital, Muhammad Faisal Potrik


Smuggler Turned Boeing 777 Lavatory Into a ‘Pot’ of Gold

12kg of gold was found behind the mirror in the lavatory of a Biman Bangladesh flight from Dubai on arrival in Dhaka on Monday. You might even say that lavatory was a pot of gold. Smuggling gold into Bangladesh is incredibly common. Spot prices are high and it’s a common destination for illicit funds being taken out of the Gulf region and also parts of Asia as we learned when a North Korean diplomat was discovered trying to bring $1.4 million in gold into Dhaka. Continue reading Smuggler Turned ...
Tags: Travel, Asia, Advice, Dubai, Bangladesh, Boeing, Dhaka, Gulf, Biman Bangladesh, Dhaka Continue


Etihad Woes Deepen as Losses Reach $4.8 Billion in Three Years - Bloomberg

Etihad Woes Deepen as Losses Reach $4.8 Billion in Three Years - Bloomberg:Etihad Airways posted a loss of $1.28 billion in 2018, extending the deficit over three years to $4.8 billion, as the Gulf carrier pushes ahead with a cost-cutting plan to stabilize the balance sheet.The Abu Dhabi company, which has abandoned an attempt to build a global network of airline investments after a string of failures, canceled a further nine unprofitable routes last year, it said in an emailed statement Thursda...
Tags: Travel, Bloomberg, Airbus, Abu Dhabi, Etihad, Gulf, Etihad Airways, Boeing Co, Rupert Neil Bumfrey, Tony Douglas


#Dubai's Aramex Rallies as Foreigners Cheer Australia Post's Exit - Bloomberg

Dubai's Aramex Rallies as Foreigners Cheer Australia Post's Exit - Bloomberg:Aramex PJSC was set for its biggest gain in more than two years after a unit of Australian Postal Corp. sold its stake in Middle Eastern package-delivery service, enabling other foreign investors to buy the stock.Aramex was trading up 8 percent at 4.73 dirhams as of 1:20 p.m. in Dubai, putting the stock on track for its biggest increase since January 2017. It was the best performer among the 37 companies on Dubai’s main...
Tags: Travel, Bloomberg, Dubai, Gulf, Australia Post, Aramex, Rupert Neil Bumfrey, Aramex Rallies, Aramex PJSC, Australian Postal Corp, Australia Post Transaction Services Pty


Saudi Arabia puts women's rights activists on trial

Many had campaigned to lift a ban on women driving in the Gulf kingdom.
Tags: News, Saudi Arabia, Gulf


Politically-charged soccer rights dispute escalates in Gulf

A Qatar-owned broadcaster accused Asian soccer leadership of breaking contracts and deciding to stream games for free in Saudi Arabia            [Author: AP]
Tags: News, Saudi Arabia, Qatar, Ap, Gulf


MIDEAST STOCKS-Global rally boosts most of Gulf, banks lift #Saudi | Reuters

MIDEAST STOCKS-Global rally boosts most of Gulf, banks lift Saudi | Reuters:Most major Gulf markets rose on Tuesday, lifted by financial and real estate stocks, mirroring a rally in global markets amid hopes for a U.S.-China trade deal and progress on Brexit.Saudi Arabia's index was up 0.2 percent with its largest lender, National Commercial Bank, gaining 1 percent and bank Samba Financial Group adding 1.1 percent.The index is up 7.8 percent this year, outperforming major Gulf markets, with big ...
Tags: Travel, Saudi Arabia, China, Gulf, Reuters, Rupert Neil Bumfrey, Samba Financial Group, National Commercial Bank, Jamal Khashoggi, Brexit Saudi Arabia


Qatar’s beIN to ‘launch’ legal action against AFC

Doha (AFP) – Qatari broadcaster beIN Sports on Tuesday threatened legal action against the Asian Football Confederation, alleging the governing body had “surrendered” to Saudi Arabia in a new row over Gulf broadcasting rights. Earlier... Visit http://www.majorleaguesoccertalk.com for the rest of the story.
Tags: Saudi Arabia, Qatar, Sport, Soccer, Doha, Gulf, Afp, Asian Football Confederation


Top UAE diplomat slams Netanyahu’s comments on Arab minority

JERUSALEM (AP) — One of the United Arab Emirates’ top diplomats says Israeli Prime Minister Benjamin Netanyahu’s most recent jab at his country’s Arab minority is “repugnant,” even as Netanyahu boasts of Israel’s warming ties with Gulf countries. Anwar Gargash, the UAE’s minister of state for foreign affairs, said Tuesday on Twitter that Netanyahu’s comment […]
Tags: News, Israel, Jerusalem, Nation, United Arab Emirates, Benjamin Netanyahu, Uae, Gulf, Netanyahu, Anwar Gargash


#Qatar Islamic Bank hires banks ahead of dollar sukuk - IFR | Reuters

Qatar Islamic Bank hires banks ahead of dollar sukuk - IFR | Reuters:Qatar Islamic Bank, the Gulf state’s largest sharia-compliant lender by assets, has hired banks ahead of a potential issue of U.S. dollar-denominated sukuk, or Islamic bonds, according to IFR, a fixed income news service.The lender has appointed Barclays, Boubyan Bank , Credit Agricole, QInvest, QNB Capital and Standard Chartered as joint bookrunners to arrange fixed income investor meetings in Singapore, Hong Kong and London f...
Tags: Travel, London, Gulf, Reuters, SINGAPORE HONG KONG, IFR, Qatar Islamic Bank, Rupert Neil Bumfrey, Barclays Boubyan Bank Credit Agricole, QNB Capital and Standard Chartered


MIDEAST STOCKS-Global rally lifts Gulf, blue chips lead #Qatar | Reuters

MIDEAST STOCKS-Global rally lifts Gulf, blue chips lead Qatar | Reuters:All major Gulf markets rose on Tuesday mirroring gains in global markets, while Qatar was lifted by its blue-chip stocks.The Qatar index was up 0.8 percent after five sessions of losses. Middle East’s biggest lender Qatar National Bank advanced 1.3 percent and blue-chip petrochemical maker Industries Qatar increased 1 percent.The index was one of the best performing markets last year as fund inflows increased after the limit...
Tags: Travel, Qatar, Middle East, Gulf, Reuters, Qatar National Bank, Rupert Neil Bumfrey, Industries Qatar


Forget ‘The Wall’: Build an ‘energy-water’ corridor along the border instead.

The proposal was recently presented to several U.S. members of Congress.The plan still calls for border security, considering all of the facilities along the border would be guarded and connected by physical barriers.It's undoubtedly an expensive and complicated proposal, but the team argues that border regions are ideal spots for wind and solar energy, and that they could use the jobs and fresh water the energy park would create. None "What should the U.S. do about The Wall?" is a question that...
Tags: Energy, Politics, Congress, Mexico, Economics, Policy, United States, Arizona, Innovation, Solar Energy, Arizona State University, Alternative Energy, Gulf, Southwest, Baja California, Castillo


New alternative to Trump's wall would create jobs, renewable energy, and increase border security

The proposal was recently presented to several U.S. members of Congress.The plan still calls for border security, considering all of the facilities along the border would be guarded and connected by physical barriers.It's undoubtedly an expensive and complicated proposal, but the team argues that border regions are ideal spots for wind and solar energy, and that they could use the jobs and fresh water the energy park would create. None "What should the U.S. do about The Wall?" is a question that...
Tags: Energy, Politics, Congress, Mexico, Economics, Policy, United States, Arizona, Innovation, Solar Energy, Arizona State University, Alternative Energy, Gulf, Southwest, Baja California, Trump


#Qatar Seeks More Russia Deals After `Great' Rosneft Investment - Bloomberg

Qatar Seeks More Russia Deals After `Great' Rosneft Investment - Bloomberg:Qatar is looking for more investment opportunities in Russia to capitalize on “huge” growth potential and is fully satisfied with its purchase of around a fifth of Russian state oil producer Rosneft PJSC, the Gulf state’s ambassador in Moscow said.“The company with its valuation has been attractive,” Fahd bin Mohammed Al-Attiyah said in an interview in the Russian capital. “It’s a great investment and we’re very happy to ...
Tags: Travel, China, Russia, Qatar, Moscow, Qatar Investment Authority, Rosneft, Gulf, BP Plc, Rupert Neil Bumfrey, CEFC Energy Co, Fahd bin Mohammed Al Attiyah


MIDEAST STOCKS-Banks lead #Saudi lower, blue chips gain in Egypt | Reuters

MIDEAST STOCKS-Banks lead Saudi lower, blue chips gain in Egypt | Reuters:Saudi Arabia's stock market fell for a fifth straight session on Monday as most of its banking sector stocks dropped, while Egypt's blue-chip index gained, helped by a rise in Eastern Company after it forecast a higher full-year profit.Saudi Arabia's index was down 0.5 percent with lender Samba Financial Group slipping 1.8 percent and Banque Saudi Fransi shedding 1.7 percent.But the index is still up 7.7 percent this year,...
Tags: Travel, Saudi Arabia, Egypt, Gulf, Reuters, Rupert Neil Bumfrey, Samba Financial Group, Banque Saudi Fransi, Eastern Company


#UAE to set up debt management office, seek sovereign rating | Reuters

UAE to set up debt management office, seek sovereign rating | Reuters:The United Arab Emirates’ Finance Ministry will set up a federal debt management office this year and will seek a sovereign rating for the Gulf state, an undersecretary of the ministry said on Monday.“We want to be rated. It all depends on what we’ll be agreeing with the central bank,” Younis Haji al-Khoori said, adding no rating agency had been appointed yet. “There is no immediate need for issuance of federal bonds.” [Aut...
Tags: Travel, Uae, Gulf, Reuters, Rupert Neil Bumfrey, United Arab Emirates ' Finance Ministry, Younis Haji al Khoori


MIDEAST STOCKS- Gulf stocks hit by global market weakness, IPOs boost Egypt | Reuters

MIDEAST STOCKS- Gulf stocks hit by global market weakness, IPOs boost Egypt | Reuters:Gulf markets ended lower on Sunday, weighed down by weak global markets and a drop in oil price, but Egyptian stocks defied the trend, gaining on the back of positive momentum generated by the initial public offering of a state-owned company.Abu Dhabi's stock index lost 0.9 percent, hurt mainly by First Abu Dhabi Bank, which was down 1.6 percent, while other banks were also lower.FAB's shares were hit partly by...
Tags: Travel, Egypt, Abu Dhabi, Gulf, Reuters, Rupert Neil Bumfrey, First Abu Dhabi Bank


Qatar World Cup 2022: Damian Collins urges Fifa to investigate bid claims

Fifa is urged to investigate claims Qatar offered football's world governing body £307m three weeks before the Gulf state was awarded the 2022 World Cup.
Tags: Qatar, Sport, Fifa, Damian Collins, Gulf