Posts filtered by tags: Gulf[x]


 

#Saudi Stocks Enjoy Strong Start to Year as Oil, Indexes Eyed - Bloomberg

Saudi Stocks Enjoy Strong Start to Year as Oil, Indexes Eyed - Bloomberg:Saudi Arabian stocks are enjoying their best start to a year in more than two decades amid improving prospects for oil prices and ahead of their long-awaited inclusion in major global benchmarks.The main Saudi equities index climbed more than 7 percent in the first 20 days of the year, the best performance for the period since Bloomberg records began in 1995. The increase, more than that of any other major gauge in the Gulf...
Tags: Travel, Opec, Bloomberg, Brent, Gulf, Russell, Rupert Neil Bumfrey, MSCI Inc


#Saudi bonds index inclusion could pull in another $7bln: BAML | ZAWYA MENA Edition

Saudi bonds index inclusion could pull in another $7bln: BAML | ZAWYA MENA Edition:Saudi Arabia could see another $7 billion pour into its sovereign debt markets as investors prepare for the kingdom's bonds to be included in a key index starting this month, Bank of America Merrill Lynch (BAML) estimated.JP Morgan told investors in September that Saudi Arabia and four other Gulf states would join its emerging market government bond indexes - key performance benchmarks used by international invest...
Tags: Travel, Saudi Arabia, Jp Morgan, Kuwait, Gulf, Gulf Cooperation Council GCC, United Arab Emirates Bahrain, Saudi Arabia Qatar, Rupert Neil Bumfrey, Bank of America Merrill Lynch BAML


Mideast Stocks: Petrochemicals drag #Saudi shares down; major Gulf markets slide | ZAWYA MENA Edition

:Saudi Arabia's stock market fell sharply on Monday, bogged down by petrochemical shares, while all major Gulf markets slipped, mostly weighed down by financial stocks.Saudi Arabia's index fell 1.3 percent, in part due to a 7.3 percent plunge in petrochemical firm Saudi Kayan in heavy volume, despite posting a narrowed fourth-quarter net loss after zakat and tax of 110.9 million riyals ($29.57 million) from 220.3 million riyals a year ago.Saudi's largest petrochemical maker Saudi Basic Industrie...
Tags: Travel, Saudi Arabia, Gulf, Rupert Neil Bumfrey, Saudi Basic Industries, Saudi Kayan, Al Rajhi Bank


MIDEAST STOCKS-Banks hurt Saudi, most Gulf markets fall | Reuters

MIDEAST STOCKS-Banks hurt Saudi, most Gulf markets fall | Reuters:Bank shares led Saudi Arabia's stock market lower on Sunday as most regional bourses fell.In Saudi Arabia, the index lost 0.8 percent with Al Rajhi Bank and Samba Financial Group falling 1.1 percent and 3.3 percent respectively.The Gulf's largest dairy company Almarai shed 6 percent after reporting a 28 percent drop in fourth quarter profit. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Bank, Gulf, Reuters, Rupert Neil Bumfrey, Samba Financial Group, Almarai, Al Rajhi Bank


JPMorgan Sees Gulf Bond Sales Slipping as Rates, Volatility Rise - Bloomberg

JPMorgan Sees Gulf Bond Sales Slipping as Rates, Volatility Rise - Bloomberg:JPMorgan Chase & Co., one of the biggest arrangers of Gulf bond deals, expects sales to slip in 2019 from last year’s $78 billion as issuers turn cautious amid rising interest rates and market volatility.In the past, when there has been uncertainty either “in rates or in spreads, regional issuers tended to become more careful and price sensitive,” Hani Deaibes, the U.S. bank’s regional head of debt capital markets, said...
Tags: Travel, Europe, Saudi Arabia, China, United Arab Emirates, Dubai, Gulf, Gulf Cooperation Council, JPMorgan Chase Co, Rupert Neil Bumfrey, Hani Deaibes


MIDEAST STOCKS- #Dubai lifts on blue chips, rest of Gulf mixed | Reuters

MIDEAST STOCKS-Dubai lifts on blue chips, rest of Gulf mixed | Reuters:Dubai’s stock market rose in early trading on Sunday, supported by property and banking shares, while trading was mixed in other parts of the Gulf.Dubai’s index gained 0.4 percent as blue chip developer Emaar Properties added 1.0 percent and major bank Emirates NBD rose 0.5 percent after reporting a 10 percent rise in fourth quarter profit last week.Emaar’s retail unit Emaar Malls jumped 1.2 percent and Dubai Islamic Bank ros...
Tags: Travel, Dubai, Gulf, Reuters, Emirates NBD, Emaar Properties, Emaar, Rupert Neil Bumfrey, Dubai Islamic Bank, Emaar Malls, Gulf Dubai


The incentive for KSA to go early to global bond markets | Arab News

The incentive for KSA to go early to global bond markets | Arab News:Saudi Arabia, and indeed the rest of the Gulf countries, have signaled their intention to tap the international capital markets at record levels in 2019. But there is a risk as the year goes on that those markets will be more demanding, and may charge the issuers more for their services.The Kingdom was the first one into the global debt markets earlier this month, with a $7.5 billion bond offering that was instantly snapped up ...
Tags: Travel, Saudi Arabia, Kingdom, US, Ksa, Gulf, Rupert Neil Bumfrey, Jamal Khashoggi


After billion-barrel bonanza, BP goes global with seismic tech

Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. The software used in the Gulf, based on an algorithm created by Xukai Shen, a geophysicist straight out of Stanford University, led to BP discovering the crude in an area where it had long thought there was none to be found. Industry experts said the scale of the discovery 8 km below BP's Thunder Horse field, announced last...
Tags: Science, Brazil, Angola, Bp, Gulf of Mexico, Stanford University, Gulf, Xukai Shen


New exploration captures support Eni’s aggressive Middle East growth strategy

New exploration captures support Eni’s aggressive Middle East growth strategy By will scargill, senior oil & gas analyst, GlobalData on 1/14/2019 LONDON -- Following recent announcements of Eni S.p.A.’s acquisition of new exploration acreage in Bahrain, the UAE and Oman, Will Scargill, senior oil & gas analyst at GlobalData offers his view on their place within the company’s wider strategy: “Eni’s recent acreage captures in the Gulf are part of a strategy for major growth in the Middle East. ...
Tags: London, News, Iraq, Middle East, Oman, Bahrain, Iraqi Economic News, Uae, Gulf, Zubair, Eni, Bahrain Oman, GlobalData, Scargill, Lower Zakum, Ghasa


#Saudi Bonds to Join JPMorgan Index in $119 Billion Gulf Addition - Bloomberg

Saudi Bonds to Join JPMorgan Index in $119 Billion Gulf Addition - Bloomberg:Saudi Arabia and four other Gulf nations will join JPMorgan Chase & Co.’s emerging-market bond indexes this month, potentially paving the way for billions of dollars in inflows into the securities.The debt from the world’s biggest oil-exporting nation along with Qatar, the United Arab Emirates, Bahrain and Kuwait will represent about 11.8 percent of the EMBI Global Diversified Index and 12 percent of the EMBI Global beg...
Tags: Travel, New York, Saudi Arabia, Qatar, Bahrain, Kuwait, Gulf, JPMorgan Chase Co, United Arab Emirates Bahrain, Saudi Arabia Qatar, Rupert Neil Bumfrey, AllianceBernstein, Shamaila Khan, Billion Gulf Addition Bloomberg, JPMorgan Index, EMBI Global


MIDEAST STOCKS-Corporate earnings boost most Gulf markets; Egypt edges lower | Reuters

MIDEAST STOCKS-Corporate earnings boost most Gulf markets; Egypt edges lower | Reuters:Dubai's stock market rose on Thursday, buoyed by heavyweight constituents, with most Gulf markets lifted by corporate earnings announcements.The Dubai index added 0.6 percent as lender Emirates NBD rose by 1.1 percent and developer Emaar Properties advanced by 1.3 percent.Emirates NBD, Dubai's largest bank, reported a 10 percent gain in fourth-quarter net profit after loan growth and improved margins offset hi...
Tags: Travel, Egypt, Dubai, Gulf, Reuters, Emirates NBD, Emaar Properties, Rupert Neil Bumfrey, Emirates NBD Dubai


Strong public spending helps lift profits at National Bank of #Kuwait | Reuters

Strong public spending helps lift profits at National Bank of Kuwait | Reuters:National Bank of Kuwait (NBK) , the Gulf Arab state’s largest commercial lender, reported a 17 percent jump in fourth-quarter net profit on Thursday, and a rise in annual profit, due to strong growth in business volumes and improved margins.Kuwaiti banks have benefited from strong government spending, which has helped lift corporate borrowing, and rises in interest rates and NBK joins a string of Gulf banks that have ...
Tags: Travel, Gulf, Gulf Arab, EFG Hermes, Rupert Neil Bumfrey, National Bank of Kuwait, NBK, National Bank of Kuwait NBK


Booming #Qatar- #Turkey trade to hit $2 billion for 2018 as Gulf rift drags on | Reuters

Booming Qatar-Turkey trade to hit $2 billion for 2018 as Gulf rift drags on | Reuters:Trade between Qatar and Turkey is expected to have hit $2 billion in 2018, a Turkish official said, up 54 percent from the previous last year and underscoring Ankara’s solidified role as a top ally to Qatar amid a political rift in the Gulf region.Ankara has emerged as one of Qatar’s top partners since a Saudi Arabia-led bloc launched a trade and diplomatic boycott of the tiny Gulf state in 2017, sending additi...
Tags: Travel, Saudi Arabia, Qatar, Turkey, Egypt, Doha, Gulf, Ankara, Reuters, Qatar Turkey, Rupert Neil Bumfrey, Saudi Arabia United Arab Emirates Bahrain


Mideast Stocks: Blue chips lift #Dubai, rest of Gulf mixed | ZAWYA MENA Edition

Mideast Stocks: Blue chips lift Dubai, rest of Gulf mixed | ZAWYA MENA Edition:The Dubai stock market rose in early trading on Thursday, helped by its blue-chip stocks, while other major Middle Eastern markets were mixed after corporate earnings announcements.In Dubai, the index added 0.4 percent, boosted by its blue chips Emaar Properties and Emirates NBD which rose 1 percent and 0.4 percent, respectively.Emirates NBD, Dubai's largest bank, reported a 10 percent gain in its fourth-quarter net p...
Tags: Travel, Dubai, Gulf, Emirates NBD, Emaar Properties, Rupert Neil Bumfrey, Emirates NBD Dubai


Booming Qatar-Turkey trade to hit $2 billion for 2018 as Gulf rift drags on

Trade between Qatar and Turkey is expected to have hit $2 billion in 2018, a Turkish official said, up 54 percent from the previous last year and underscoring Ankara's solidified role as a top ally to Qatar amid a political rift in the Gulf region.
Tags: Money, Qatar, Turkey, businessNews, Gulf, Ankara, Qatar Turkey


#Qatar Islamic Bank Q4 profit rises 19 pct | Reuters

Qatar Islamic Bank Q4 profit rises 19 pct | Reuters:Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender by assets, reported a 19 percent rise in fourth-quarter net profit, according to Reuters calculations, narrowly beating analysts’ forecasts.It made a net profit of 750 million riyals ($206.0 million)during the three months to Dec. 31, compared with 630.2 million riyals in the same period a year earlier, Reuters calculated from financial statements in the absence of a qua...
Tags: Travel, Gulf, Reuters, Qatar Islamic Bank, Rupert Neil Bumfrey, Qatar Islamic Bank QIB


GULF COURSE. Kott Motorcycle’s Textbook Honda CB550 Cafe Racer

Written by Andrew Jones While we’d argue that the Gulf Oil Fords and Porsches from the ’60s and ’70s are amongst the most beautiful racing machines ever made, it’s with a fair amount of trepidation that we click on bike submissions that have anything to do with the brand. The reason? My God, it’s been done to death. It’s been done to death, buried, dug up at midnight and then done some more. But when California’s Dustin Kott dared to have a go on a Honda CB550, he did it with the subtlety and...
Tags: Facebook, New York, Hollywood, California, America, Los Angeles, Motorcycles, New Jersey, Honda, East Coast, Classic, Gulf, Dustin, Andrew Jones, Racer, Café Racer


Digital banking — a key enabler for #Qatar’s e-commerce market

Digital banking — a key enabler for Qatar’s e-commerce market:According to Fitch Solutions, “Qatar offers an e-commerce market worth almost $1.5bn in 2019. The Middle East and North Africa (Mena) region is projected to record e-commerce sales growth of 21.4% to reach $28.5bn in 2019. A common feature across the Gulf is a youthful demographic profile and high income levels. A high proportion of young adults (20-39 years old), making up more than a third of the total population. This age bracket i...
Tags: Travel, Qatar, Middle East, Gulf, North Africa MENA, Rupert Neil Bumfrey, GSMA Intelligence, Fitch Solutions


First Abu Dhabi Bank plans to raise $750mln in sukuk | ZAWYA MENA Edition

First Abu Dhabi Bank plans to raise $750mln in sukuk | ZAWYA MENA Edition:First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates, is expected to raise $750 million in Islamic bonds, according to a document issued by one of the banks leading the deal.The five-year sukuk offer buyers 130 basis points over mid-swaps, 20 basis points below the indicative price FAB proposed when it started marketing the notes earlier on Tuesday.FAB, rated Aa3 by Moody's and AA-(minus) by S&P and F...
Tags: Travel, United Arab Emirates, Gulf, Moody, Fitch, Rupert Neil Bumfrey, First Abu Dhabi Bank


Pompeo Trip Fails to Ease Questions Over U.S. Goals in Mideast - Bloomberg

Pompeo Trip Fails to Ease Questions Over U.S. Goals in Mideast - Bloomberg:Secretary of State Michael Pompeo arrived in the Middle East a week ago on a mission to prove the Trump administration can be a reliable partner in tackling the region’s thorniest problems. He returns having failed to stifle doubts that have dogged the U.S. for years.With stops in eight countries in eight days, Pompeo sought to hammer home how different President Donald Trump’s approach is from that of his predecessor Bar...
Tags: Travel, Barack Obama, Qatar, Iran, Syria, Middle East, Donald Trump, Gulf, Trump, Pompeo, Rupert Neil Bumfrey, Michael Pompeo, Jamal Khashoggi, Mideast Bloomberg


Fuel thieves hit critical Mexican pipeline again

MEXICO CITY (AP) — Mexico's President Andres Manuel Lopez Obrador says fuel thieves have again damaged a critical pipeline that supplies the capital with fuel piped in from the Gulf coast.Lopez Obrador says that the thieves' intent... [Author: [email protected]]
Tags: Business, Mexico, Ap, Mexico City, Gulf, Andres Manuel Lopez Obrador, Lopez Obrador


On the Beach partners with Emirates

OTA will sell holidays in Dubai and other Gulf beach resorts
Tags: Travel, Emirates, Dubai, Gulf


Mexicans shocked by truck pillage, cows taken, slaughtered

MEXICO CITY (AP) — Mexicans are expressing concern over video showing hundreds of people looting cattle from a stalled truck and slaughtering some of the cows on the side of a highway with machetes. The truck stopped over the weekend when it got into an accident in the Gulf state of Veracruz. State prosecutor Jorge […]
Tags: News, Ap, Nation, Mexico City, Gulf, Jorge, Veracruz State


Cavani ‘surprised’ at Qatar’s Copa America inclusion

Doha (AFP) – Uruguay’s Edinson Cavani admitted Monday that Qatar’s inclusion among teams in this year’s Copa America was a “surprise” but backed the Gulf state’s first ever tournament appearance. The 31-year-old, who plays for... Visit http://www.majorleaguesoccertalk.com for the rest of the story.
Tags: Qatar, Sport, Soccer, Uruguay, Doha, Edinson Cavani, Copa América, Gulf, Afp, Cavani


Mideast Stocks: Saudi snaps winning streak as oil hurts most of Gulf | ZAWYA MENA Edition

Mideast Stocks: Saudi snaps winning streak as oil hurts most of Gulf | ZAWYA MENA Edition:Most major Gulf markets fell on Monday due to falling oil prices and mounting fears of a global slowdown after Chinese data showed weakening imports and exports, while Saudi Arabia dropped on weak petrochemical stocks, snapping a seven-day winning streak.Saudi Arabia's index edged down 0.1 percent, with top petrochemical producer Saudi Basic Industries dipping 0.8 percent and Yanbu National Petrochemicals l...
Tags: Travel, Saudi Arabia, Gulf, Mideast, Rupert Neil Bumfrey, Saudi Basic Industries, Yanbu National Petrochemicals


Urging Gulf states to heal rift, Pompeo lands in Riyadh

Saudi Arabia, the United Arab Emirates, Bahrain and non-Gulf Cooperation Council (GCC) member Egypt cut diplomatic, transport and trade ties with Qatar in June 2017, accusing it of supporting terrorism and their regional foe Shi'ite Muslim Iran - something Doha denies. The United States, an ally of the six-nation Sunni Muslim GCC, sees the rift as a threat to efforts to contain Iran and has pushed for a united Gulf front. "When we have a common challenge, disputes between countries with shared...
Tags: News, Saudi Arabia, Qatar, Iran, United States, Egypt, Middle East, Doha, Gulf, Riyadh, Shi, Gulf Cooperation Council GCC, United Arab Emirates Bahrain, Pompeo, Sunni Muslim GCC


#Qatar shares edge lower on increased selling pressure

:The Qatar Stock Exchange on Sunday opened the week weak mainly owing to profit-booking pressure at the insurance, telecom, banking and real estate counters.The increased selling pressure from domestic institutions and the bearish grip of the Gulf individuals were visible in the bourse, whose 20-stock Qatar Index settled marginally lower (0.04%) at 10,653.57 points.The weakened buying interests from foreign funds also had its role in dampening the market, whose sensitive index has settled 3.44% ...
Tags: Travel, Qatar, Gulf, Rupert Neil Bumfrey, Qatar Stock Exchange, Qatar Index


Urging Gulf states to heal rift, U.S.'s Pompeo lands in Riyadh

Saudi Arabia, the United Arab Emirates, Bahrain and non-Gulf Cooperation Council (GCC) member Egypt cut diplomatic, transport and trade ties with Qatar in June 2017, accusing it of supporting terrorism and their regional foe Shi'ite Muslim Iran - something Doha denies. The United States, an ally of the six-nation Sunni Muslim GCC, sees the rift as a threat to efforts to contain Iran and has pushed for a united Gulf front. "When we have a common challenge, disputes between countries with shared...
Tags: Science, Saudi Arabia, Qatar, Iran, United States, Egypt, Middle East, Doha, Gulf, Riyadh, Shi, Gulf Cooperation Council GCC, United Arab Emirates Bahrain, Pompeo, Sunni Muslim GCC


Urging Gulf states to heal rift, U.S.'s Pompeo arrives in Riyadh

Saudi Arabia, the United Arab Emirates, Bahrain and non-Gulf Cooperation Council (GCC) member Egypt cut diplomatic, transport and trade ties with Qatar in June 2017, accusing it of supporting terrorism and their regional foe Shi'ite Muslim Iran -- something Doha denies. The United States, an ally of the six-nation Sunni Muslim GCC, sees the rift as a threat to efforts to contain Iran and has pushed for a united Gulf front. "When we have a common challenge, disputes between countries with share...
Tags: News, Saudi Arabia, Qatar, Iran, United States, Egypt, Middle East, Doha, Gulf, Riyadh, Shi, Gulf Cooperation Council GCC, United Arab Emirates Bahrain, Pompeo, Sunni Muslim GCC


Secretary of State Pompeo urges Gulf states to heal rift | Reuters

Secretary of State Pompeo urges Gulf states to heal rift | Reuters:U.S. Secretary of State Mike Pompeo said on Sunday that a rift between Qatar and its Gulf Arab neighbors had gone on for too long and was threatening regional unity needed to counter Iran.Saudi Arabia, the United Arab Emirates, Bahrain and non-Gulf Cooperation Council (GCC) member Egypt cut diplomatic, transport and trade ties with Qatar in June 2017, accusing it of supporting terrorism and their regional foe Shi’ite Muslim Iran ...
Tags: Travel, Qatar, Iran, United States, Egypt, Doha, Gulf, Reuters, State, Iran Saudi Arabia, Gulf Cooperation Council GCC, Gulf Arab, United Arab Emirates Bahrain, Pompeo, Mike Pompeo, Rupert Neil Bumfrey