Posts filtered by tags: Jeddah[x]


 

#Saudi bourse sees biggest weekly loss in over a year | Reuters

Saudi bourse sees biggest weekly loss in over a year | Reuters Saudi Arabia's stock market gave up early gains to end lower on Thursday, registering its fourth weekly loss in five and its biggest since October 2020, while other Gulf bourses traded mixed.Losses on the Saudi index followed tensions with Yemen's Iran-aligned Houthis, who claimed responsibility on Nov. 20 for drone attacks in several parts of the kingdom, including at Saudi Aramco facilities in Jeddah. read moreOn Wednesday th...
Tags: Travel, Turkey, Iran, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Yemen, Mohammed, Jeddah, Gulf, Ankara, Reuters, Saudi Aramco, Tayyip Erdogan, Sanaa


Major Gulf bourses rise in early trade | Reuters

Major Gulf bourses rise in early trade | ReutersMajor stock markets in the Gulf rose in early trade on Thursday, with the Saudi index on track to extend gains for a second session.Saudi Arabia's benchmark index (.TASI) advanced 0.7%, with Al Rajhi Bank (1120.SE) rising 1.6% and oil giant Saudi Aramco (2222.SE) up 0.6%.The index on Tuesday ended three sessions of declines triggered by tensions with Yemen's Iran-aligned Houthis, who claimed responsibility on Nov. 20 for drone attacks in several pa...
Tags: Travel, Saudi Arabia, Turkey, Iran, United Arab Emirates, Abu Dhabi, Yemen, Mohammed, Jeddah, Ankara, Reuters, Saudi Aramco, Tayyip Erdogan, Sanaa, Tasi, Rupert Neil Bumfrey


#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 index leads major Gulf bourses higher in early trade | Reuters

Major stock markets in the Gulf rose in early trading on Wednesday with the Saudi index leading the gains on the back of its financial shares.Saudi Arabia's benchmark index (.TASI) was up 0.9%, on track to extend gains from the previous session.On Tuesday, the index snapped three sessions of declines triggered by tensions with Yemen's Iran-aligned Houthis, who claimed responsibility for drone attacks in several parts of the kingdom, including at Saudi Aramco facilities in Jeddah. read moreAl Raj...
Tags: Travel, Saudi Arabia, Russia, Opec, Qatar, Iran, Abu Dhabi, Yemen, Jeddah, Gulf, Reuters, Saudi Aramco, Sanaa, Petroleum Exporting Countries OPEC, Tasi, Rupert Neil Bumfrey


Saudi stocks bounce back, major Gulf markets end mixed | Reuters

Saudi stocks bounce back, major Gulf markets end mixed | Reuters Saudi Arabian shares closed higher on Tuesday, snapping three straight sessions of losses, while major Gulf stock markets ended the day mixed.Saudi Arabia's benchmark index (.TARSI) closed about 0.8% higher after three days of declines triggered by regional tensions with Yemen's Iran-aligned Houthis, who claimed responsibility for drone attacks in several parts of the kingdom, including at Saudi Aramco facilities in Jeddah. r...
Tags: Travel, Saudi Arabia, Iran, Dubai, Abu Dhabi, Yemen, Jeddah, Gulf, Reuters, Saudi Aramco, Etisalat, Rupert Neil Bumfrey, Dubai Islamic Bank, Emaar Malls, Al Rajhi Bank, Reuters Saudi Arabian


#Saudi bourse suffers biggest fall in over a year after drone attacks | Reuters

Saudi bourse suffers biggest fall in over a year after drone attacks | Reuters Saudi Arabia's stock market had its biggest intraday fall in over a year on Monday as it extended losses from the previous session following drone attacks.The Saudi-led coalition fighting the Houthi movement in Yemen said its air defences destroyed a drone targeting Najran airport in the south of Saudi Arabia, state media reported on Sunday. read moreYemen's Iranian-aligned Houthi movement said on Saturday it had f...
Tags: Travel, Europe, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Yemen, Jeddah, Gulf, Houthi, Reliance, Reuters, Aramco, Saudi Aramco, Reuters Saudi Arabia, Tasi


#Saudi bourse on course to extend losses after drone attacks | Reuters

Saudi bourse on course to extend losses after drone attacks | ReutersMost major stock markets in the Gulf fell in early trade on Monday, with the Saudi index leading the losses a day after its biggest one-day fall in over a year following drone attacks.Yemen's Iranian-aligned Houthi movement said on Saturday it had fired 14 drones at several Saudi Arabian cities, including at Saudi Aramco facilities in Jeddah. read moreSaudi Arabia's benchmark index (.TASI) dropped 1.3%, dragged down by a 1.4% f...
Tags: Travel, Europe, Japan, Dubai, Yemen, Jeddah, Houthi, Reliance, Reuters, Aramco, Saudi Aramco, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, First Abu Dhabi Bank, Emaar Properties EMAR DU


Jamal Khashoggi’s fiancee urges Justin Bieber to cancel Saudi Arabia performance

‘Do not sing for the murderers of my beloved Jamal,’ Hatice Cengiz urged Bieber in an open letterThe fiancee of murdered Saudi Arabian journalist Jamal Khashoggi has called on Justin Bieber to cancel his performance in the kingdom’s second-largest city Jeddah scheduled for 5 December.Khashoggi was killed and dismembered in 2018 after walking into the Saudi consulate in Istanbul the day before his wedding. His fiancee, Hatice Cengiz, was waiting outside. Continue reading...
Tags: Saudi Arabia, Justin Bieber, Istanbul, Jeddah, Bieber, Jamal, Khashoggi, Jamal Khashoggi, Hatice Cengiz


#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


#Saudi market tumbles in early trade after drone attacks | Reuters

Saudi market tumbles in early trade after drone attacks | ReutersSaudi Arabia's stock market fell sharply in early trade 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 moreSaudi Arabia's benchmark index (.TASI) dropped 1.6%, with Al Rajhi Bank (1120.SE) retreating 2.2% and Saudi Aramco (2222.SE) losing 1.6%.The oil giant was also under pressure after India's Reliance Industrie...
Tags: Travel, Qatar, Iran, Dubai, Abu Dhabi, Yemen, Jeddah, Reliance, Reuters, Aramco, Saudi Aramco, Houthis, Commercial Bank, Tasi, Rupert Neil Bumfrey, QSI


Rivian (RIVN) IPO Delivers Near $9 Billion Fortune for #Saudi Investor - Bloomberg

Rivian (RIVN) IPO Delivers Near $9 Billion Fortune for Saudi Investor - Bloomberg A Saudi family that built its business on gasoline-fueled cars is sitting on an almost $8.9 billion fortune after electric truck maker Rivian Automative Inc.’s initial public offering.Abdul Latif Jameel, a Jeddah-based group named after its founder and today run by his sons, holds almost 114 million shares in Rivian acquired through $303 million of loans made to the U.S. company, according to the sale prospec...
Tags: Travel, New York, Bloomberg, Jeddah, Ford Motor Co, Toyota Motor Corp, Irvine California, McKinsey Co, Amazon com Inc, Rupert Neil Bumfrey, Abdul Latif Jameel, Rivian, Rivian Automative Inc


#Saudi Home Prices Jump to Fastest in 5 Years Amid Ownership Boom - Bloomberg

Saudi Home Prices Jump to Fastest in 5 Years Amid Ownership Boom - Bloomberg Apartment prices in Saudi Arabia increased at the fastest pace in five years, spurred by a government plan to boost home ownership by building affordable housing and offering cheap loans. In the capital, Riyadh, and the Red Sea port city of Jeddah, apartment values increased 17% and 12% respectively over the past 12 months, according to data by global property consultant Knight Frank. “Home ownership has actually beco...
Tags: Travel, Saudi Arabia, Bloomberg, Middle East, Jeddah, Riyadh, Mohammed bin Salman, Red Sea, Knight Frank, Rupert Neil Bumfrey, Durrani, Faisal Durrani


‘Apocalypse soon’: reluctant Middle East forced to open eyes to climate crisis

With the region warming twice as fast as the rest of the world but oil spoils keeping regimes in power, leaders are in a bindNorthern Oman has just been battered by Cyclone Shaheen, the first tropical cyclone to make it that far west into the Gulf. Around Basra in southern Iraq this summer, pressure on the grid owing to 50C heat led to constant blackouts, with residents driving around in their cars to stay cool.Kuwait broke the record for the hottest day ever in 2016 at 53.6, and its 10-day roll...
Tags: Saudi Arabia, Iraq, Environment, Oil, Qatar, World news, Middle East and North Africa, Greenhouse Gas Emissions, Middle East, United Arab Emirates, Oman, Mecca, Kuwait, Extreme Weather, Jeddah, Climate Crisis


Islamic Development Bank gets $1.7 billion via sukuk | Reuters

Islamic Development Bank gets $1.7 billion via sukuk | Reuters The Jeddah-based Islamic Development Bank on Wednesday sold $1.7 billion in five-year Islamic bonds at 25 basis points over mid-swaps, a bank document showed.The multilateral development bank was expected to raise $1.5 billion through the sukuk sale, another document also from one of the banks on the deal showed earlier.The spread was tightened from initial guidance on Tuesday of around 30 bps over mid-swaps after the sukuk drew mo...
Tags: Travel, Jeddah, Reuters, Islamic Development Bank, Islamic Corporation, Rupert Neil Bumfrey, HSBC HSBA, Standard Chartered STAN L, Credit Agricole CAGR PA First Abu Dhabi Bank, KFH Capital KFH KW Natixis SMBC Nikko 8316 T


Japan skipper Yoshida accuses Saudi fans of ‘discriminatory gestures’

Tokyo (AFP) – Maya Yoshida confronted Saudi Arabia fans and later accused them of making “discriminatory gestures” after defeat left Japan in danger of missing the World Cup for the first time since 1994. Japan’s captain had angry words with a section of the home fans after the qualifying defeat in Jeddah on Thursday, after they were seen taunting him during a post-match interview. Mobile phone footage showed the Sampdoria defender marching towards the fence separating the supporters from the p...
Tags: Japan, Australia, Saudi Arabia, China, Wikipedia, Qatar, Sport, Soccer, Oman, Tokyo, Sampdoria, Jeddah, Afp, Yoshida, Nikkan Sports, World Cups


Australia set World Cup record, Wu rescues China as Japan lose

Doha (AFP) – Australia continued their relentless march towards next year’s World Cup in Qatar after beating Oman 3-1, notching up a world record 11 consecutive wins in qualifying on Thursday. Kenya-born Awer Mabil scored the opening goal in the ninth minute while Martin Boyle and Mitchel Duke added to the tally in the second half as the Socceroos took charge of Group B in the third and final round of the Asian World Cup qualifiers. Australia had coasted through the previous qualifying rounds w...
Tags: South Korea, Japan, Australia, Saudi Arabia, China, Germany, Iraq, Qatar, Sport, Iran, Syria, Soccer, Espanyol, Tottenham, Dubai, Oman


Japan name squad for World Cup qualifiers

Tokyo (AFP) – Japan manager Hajime Moriyasu warned his players to get on the same page straight away after naming his squad for World Cup qualifiers against Saudi Arabia and Australia on Tuesday. Japan travel to Jeddah to face the Saudis on October 8 before taking on Australia in Saitama four days later, having made a mixed start to their Group B campaign. Moriyasu’s side slumped to a shock 1-0 opening home defeat to Oman earlier this month, before beating China 1-0 in an away match played in D...
Tags: Japan, Australia, Saudi Arabia, China, Sport, Soccer, Liverpool, Oman, Tokyo, Doha, Bologna, Jeddah, Afp, Saitama, Real Mallorca, Takefusa Kubo


MIDEAST STOCKS Saudi Telecom aids #Saudi bourse; blue-chip selloff dents Egypt | Reuters

MIDEAST STOCKS Saudi Telecom aids Saudi bourse; blue-chip selloff dents Egypt | Reuters Major stock markets in the Gulf were mixed on Sunday, with the Saudi index extending gains from the previous session, while Egyptian stocks retreated due to a broad selloff in blue-chip shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, helped by a 1.7% rise in Saudi Telecom Company (STC) (7010.SE) after its unit Arabian Internet and Communications Services Co set an indicative price range for...
Tags: Travel, Budget, Saudi Arabia, Iran, Egypt, Pakistan, United Arab Emirates, Abu Dhabi, Yemen, Jeddah, Gulf, Reuters, Aramco, Red Sea, ACWA Power, Reuters Major


STR: Preliminary July Data For Jeddah Hotels

Jeddah’s hotel industry reported slightly lower performance levels compared with the month prior, according to preliminary July 2021 data from STR.
Tags: Travel, Jeddah, Preliminary July Data For Jeddah Hotels


Riyadh Tops #SaudiArabia’s Residential Market Boom: Knight Frank - Bloomberg

Riyadh Tops Saudi Arabia’s Residential Market Boom: Knight Frank - Bloomberg Saudi Arabia’s residential market continued on a path of sustained growth in the second quarter, with apartment values in the capital Riyadh accelerating at the fastest pace in at least 2017, according to Knight Frank.The government’s various initiatives are contributing to an “acceleration in home ownership rates across the kingdom,” Faisal Durrani, head of Middle East research at Knight Frank, wrote in a note. Apart...
Tags: Travel, Middle East, Jeddah, Riyadh, Knight Frank, Rupert Neil Bumfrey, Faisal Durrani, Knight Frank Bloomberg, Riyadh Tops Saudi Arabia, Knight Frank Bloomberg Saudi Arabia


Raffles Hotels & Resorts Continues Global Expansion With Openings In 2021 And Beyond

With newly appointed CEO Stephen Alden at the helm, Raffles Hotels & Resorts embarks on an exciting new era. A legendary brand known for transforming landmark properties in storied destinations around the world, Raffles is on track to more than double its illustrious portfolio, adding a host of distinguished locations that will continue to set the standard in the luxury hospitality industry. Later this year, Raffles will open a second hotel in Dubai (The Palm), along with Bahrain, Udaipur...
Tags: Travel, London, Boston, Moscow, Macau, Doha, Jeddah, Raffles, Dubai The Palm, Raffles Hotels amp, Raffles Hotels Resorts, Stephen Alden, Bahrain Udaipur


Mideast Stocks: #Saudi index drags most Gulf bourses lower; #AbuDhabi gains | ZAWYA MENA Edition

Mideast Stocks: Saudi index drags most Gulf bourses lower; Abu Dhabi gains | ZAWYA MENA Edition Most major stock markets in the Gulf ended lower on Sunday, with Saudi Arabia leading the losses, although the Abu Dhabi index bucked the trend to close higher.Saudi Arabia's benchmark declined 1.3%, dragged down by a 1.7% fall in Al Rajhi Bank and a 1.8% drop in Saudi National Bank, the kingdom's largest lender.Among others, dairy business Almarai Company2280.SE fell by 2.7% after reporting second-...
Tags: Travel, Saudi Arabia, Ipo, United Arab Emirates, Dubai, Abu Dhabi, Jeddah, Gulf, Mideast, Rupert Neil Bumfrey, Mubadala, Shuaa, Qatar National Bank QNB, Al Rajhi Bank, Emirates NBD Bank, Saudi National Bank


#SaudiArabia Plans $147 Billion Expansion for Transport Sector - Bloomberg

Saudi Arabia Plans $147 Billion Expansion for Transport Sector - Bloomberg Saudi Arabia plans to invest 550 billion riyals ($147 billion) in transport and logistics over the next nine years as Crown Prince Mohammed bin Salman looks to turn the kingdom into a global aviation hub.About 35% of that spending will come from the government and the rest from the private sector as officials launch a new international airline, expand airports, build a broader train network and explore new technologies,...
Tags: Travel, Saudi Arabia, Hyperloop, Jeddah, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, Al Jasser, Billion Expansion for Transport Sector Bloomberg, Saleh Al Jasser, Riyadh Pushing


Mumzworld Online Retailer Bought by #Saudi's Tamer Group as FirstCry Gains Ground - Bloomberg

Mumzworld Online Retailer Bought by Saudi's Tamer Group as FirstCry Gains Ground - Bloomberg A Saudi conglomerate will buy the Middle East’s largest online children-goods retailer, underscoring the growth of e-commerce in the region amid increasing competition for business.Dubai-based Mumzworld said on Monday that it signed a sales and purchase agreement with Jeddah-based Tamer Group, describing it as the region’s first “woman-led e-commerce transaction.” Financial details weren’t disclosed.Th...
Tags: Travel, Middle East, Dubai, Jeddah, Rupert Neil Bumfrey, Tamer Group, FirstCry Gains Ground Bloomberg, Mumzworld, Mona Ataya


2 years ago, a Saudi princess was kidnapped and jailed without charge. Her family say they're being stonewalled, and are urging Biden to step in.

Princess Basmah. Marcus Ingram/Getty Images; Samantha Lee/Insider Princess Basmah, a Saudi royal and activist, was abducted and imprisoned in early 2019. Her inner circle said Saudi Arabia has ignored their pleas, and are calling on Biden intervene. The State Department and House Foreign Affairs Committee have been trying to help, but are also being stonewalled. Visit Insider's homepage for more stories. On February 28, 2019, shortly before her 54th birthday, Princess Basmah bint Saud ...
Tags: Europe, Politics, Abc, Saudi Arabia, US, Trends, Joe Biden, Washington Dc, News UK, European Commission, State Department, Biden, Donald Trump, European Parliament, Jeddah, Riyadh


#SaudiArabia's retail market more investable as more women enter workforce, Majid Al Futtaim chief says | The National

Saudi Arabia's retail market more investable as more women enter workforce, Majid Al Futtaim chief says | The National The increasing number of women entering Saudi Arabia's workforce is one of a number of fundamental factors encouraging Dubai-based Majid Al Futtaim to make more investments in the kingdom, its chief executive said.Last week, the Dubai-based group appointed Aecom as lead consultant on its 16 billion Saudi riyals ($4.26bn) Mall of Saudi project and opened its first artificial in...
Tags: Travel, Saudi Arabia, Middle East, Dubai, Jeddah, Riyadh, Aecom, Majid Al Futtaim, Rupert Neil Bumfrey, The National Saudi Arabia, Saudi Arabia Alain, Bejjani Majid Al Futtaim Holding


#Saudi Jeddah Port Eyes Overseas Deals After Wealth Fund Backing - Bloomberg

Saudi Jeddah Port Eyes Overseas Deals After Wealth Fund Backing - Bloomberg The operator of Saudi Arabia’s Red Sea Gateway Terminal is looking to invest in ports in Africa and the Middle East, following backing from the kingdom’s sovereign wealth fund.The RSGT plans to invest in at least three international ports in the next five years, with each investment totaling as much as $500 million, port chief Jens Floe said. It’s also aiming to spend up to $1.7 billion developing its main port in Jedd...
Tags: Travel, Saudi Arabia, Africa, Bloomberg, Middle East, Jeddah, Red Sea, Rupert Neil Bumfrey, Public Investment Fund, Cosco Shipping Ports, Red Sea Gateway Terminal, RSGT, Jens Floe, Floe


#Saudi Crown Prince holds key talks with Qatari emir in Jeddah | ZAWYA MENA Edition

Saudi Crown Prince holds key talks with Qatari emir in Jeddah | ZAWYA MENA Edition Crown Prince Muhammad Bin Salman met with Qatar’s Emir Sheikh Tamim Bin Hamad at the Royal Court at Al-Salam Palace here early Tuesday.At the outset of the official meeting, the Crown Prince welcomed the Qatari emir and his accompanying delegation in Saudi Arabia, conveying to him the greetings of Custodian of the Two Holy Mosques King Salman. In turn, Sheikh Tamim extended his greetings to the Custodian of the ...
Tags: Travel, Saudi Arabia, Kingdom, Qatar, Prince, Cabinet, Jeddah, Royal Court, Custodian of the Two Holy Mosques, Muhammad Bin Salman, Mohammed bin Abdulrahman Al Thani, Rupert Neil Bumfrey, Khalid bin Salman, state Cabinet, Prince Faisal bin Farhan, Emir Sheikh Tamim Bin Hamad


Qatar's Emir Visits Saudi Arabia, Emir's Office Says in Statement

CAIRO - (Reuters) - Qatar's emir, Sheikh Tamim bin Hamad al-Thani, is visiting Saudi Arabia's Jeddah on Monday evening and will meet the Saudi...
Tags: Saudi Arabia, Qatar, Cairo, Jeddah, Hamad al Thani, Reuters Qatar


#SaudiArabia Considers Starting a Homegrown Electric-Car Maker - Bloomberg

Saudi Arabia Considers Starting a Homegrown Electric-Car Maker - Bloomberg Saudi Arabia has hired advisers including Boston Consulting Group to explore establishing its own domestic electric-car maker, according to people familiar with the matter.The project is linked to existing plans to build up automotive infrastructure in the country and boost local manufacturing, said the people, who asked not to be identified because the deliberations aren’t public.A spokesperson for Saudi Arabia’s sover...
Tags: Travel, Elon Musk, Saudi Arabia, Tesla, Bloomberg, Turkey, Pif, Lucid, Jeddah, Riyadh, Bloomberg News, Red Sea, Boston Consulting Group, Rupert Neil Bumfrey, Public Investment Fund, Tesla Inc