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OPEC+ Calls Meeting for Sunday After Progress Toward Deal - Bloomberg

OPEC+ Calls Meeting for Sunday After Progress Toward Deal - Bloomberg OPEC+ has called a meeting on Sunday, delegates said, after the group made significant progress toward resolving a standoff with the United Arab Emirates that had blocked a deal to boost output.The online conference of ministers is scheduled for 12 p.m. Vienna time, although one delegate cautioned that not every minister had yet confirmed attendance. Ministers from Saudi Arabia, Kuwait, the UAE and Oman met online on Saturda...
Tags: Travel, New York, Iraq, Opec, Vienna, United Arab Emirates, Oman, Abu Dhabi, Uae, Gulf, Riyadh, International Energy Agency, Organization of Petroleum Exporting Countries, Saudi Arabia Kuwait, Rupert Neil Bumfrey, UAE Baghdad


Oman: New Long-Term Residency Scheme For Foreign Investors - Envoy Global, Inc.

In Sept. 2021, certain foreign investors will be eligible to obtain long-term residence visas in Oman. The Ministry of Commerce, Industry and Investment Promotion in Oman...
Tags: News, Oman, Foreign Investors Envoy Global Inc


Trade emerges as latest flashpoint in deepening #Saudi-#UAE rivalry | Financial Times

Trade emerges as latest flashpoint in deepening Saudi-UAE rivalry | Financial Times Trade threatens to become the latest flashpoint in the economic and strategic rivalry between Riyadh and Abu Dhabi and risks adding to tensions in the six-nation Gulf Co-operation Council after Saudi Arabia imposed new tariffs on imports from its neighbours.  The levies, which came into force this month, range from 3 to 15 per cent and apply to products made by any company based in its Gulf neighbou...


One of #Dubai’s Oldest Lenders Prepares for a Digital-Only Future - Bloomberg

One of Dubai’s Oldest Lenders Prepares for a Digital-Only Future - Bloomberg One of the oldest banks in the United Arab Emirates is preparing for a digital-only future as it fends off competition from non-traditional financial services startups.Dubai-based Mashreqbank PSC now operates just 10 branches in the United Arab Emirates, down from 34 two years ago. That’s set to fall further, with Chief Executive Officer Ahmed Abdelaal predicting traditional branches will “cease to exist very soon.”“T...
Tags: Travel, Bloomberg, Egypt, Middle East, United Arab Emirates, Dubai, Oman, Abu Dhabi, Uae, Emirates NBD, Mashreq, Rupert Neil Bumfrey, Emaar Properties PJSC, Stripe Inc, Mashreqbank PSC, Zand


KSA, #Oman To Cooperate For Oil Market Stability - Bloomberg video

KSA, Oman To Cooperate For Oil Market Stability - Bloomberg Tarek Fadlallah, CEO at Nomura Asset Management, Middle East discusses Oman's Sultan Haitham bin Tariq’s visit to Saudi Arabia, the Middle East's economic outlook and the real estate sector in the UAE. He speaks with Yousef Gamal El-Din and Manus Cranny on "Bloomberg Daybreak: Middle East." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Bloomberg, Middle East, Oman, Uae, Rupert Neil Bumfrey, Bloomberg Daybreak, Nomura Asset Management, Yousef Gamal El Din, Sultan Haitham bin Tariq


OPEC+ yet to make progress in resolving impasse, sources say | Reuters #SaudiArabia #UAE

OPEC+ yet to make progress in resolving impasse, sources say | Reuters OPEC+ is yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said.Russia has been working behind the scenes to bring Riyadh and Abu Dhabi back to the table to find a path to agreement, sources told Reuters. But a Russian source said on Monday a meeting this week was not...
Tags: Travel, Vladimir Putin, Saudi Arabia, White House, Russia, Opec, Joe Biden, United States, United Arab Emirates, Oman, Kremlin, Abu Dhabi, Reuters, Riyadh, Reuters OPEC, Rupert Neil Bumfrey


MIDEAST STOCKS #Saudi index snaps five-day losing streak; #Qatar extends losses | Reuters

MIDEAST STOCKS Saudi index snaps five-day losing streak; Qatar extends losses | Reuters Major stock markets in the Gulf ended mixed on Monday, with the Saudi index snapping a five-day losing streak and Qatar falling for a third consecutive session.Saudi Arabia's benchmark index (.TASI) rose 0.1%, with Al Rajhi Bank (1120.SE) and petrochemical maker Saudi Basic Industries (2010.SE) gaining nearly 1% each.In Abu Dhabi, the index (.ADI) finished up 0.4%, led by gains in telecoms firm Etisalat...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Oman, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, Mubadala


#Oman Leader’s Rare #SaudiArabia Visit Shows Region’s Shifts - Bloomberg

Oman Leader’s Rare Saudi Arabia Visit Shows Region’s Shifts - Bloomberg The sultan of Oman landed in Saudi Arabia on Sunday in the first visit by an Omani leader in over a decade, a sign of shifting alliances in the Persian Gulf as the kingdom reaches out to states with closer ties to regional rival Iran.Skyscrapers in the Saudi capital, Riyadh, were lit up in red and green, the colors of the Omani flag, to celebrate Sultan Haitham bin Tariq’s arrival. The visit to the city of Neom, where he w...
Tags: Travel, Saudi Arabia, Iraq, Qatar, Bloomberg, Iran, GCC, Middle East, United Arab Emirates, Oman, Uae, Mohammed, Gulf, North Africa, Riyadh, Mohammed bin Salman


Oman's Sultan Visits Saudi Arabia on First Overseas Trip

DUBAI (Reuters) - Oman's Sultan visited Saudi Arabia on Sunday on his first official overseas trip since assuming power last year, with talks...
Tags: Saudi Arabia, Dubai, Oman, Reuters Oman


Sultan Haitham's visit set to deepen Omani-#Saudi ties, open up new vistas of cooperation | ZAWYA MENA Edition

Sultan Haitham's visit set to deepen Omani-Saudi ties, open up new vistas of cooperation | ZAWYA MENA Edition For over half a century, relations between the governments of Saudi Arabia and Oman have been characterized by cooperation, mutual respect and understanding on various regional and international issues.Likewise, connections at the people-to-people level run deep thanks to bonds of history, shared Arab customs and traditions, and a common Gulf Arab heritage.The two countries coordinate ...
Tags: Travel, Saudi Arabia, Kingdom, Oman, Un, Riyadh, Gulf Cooperation Council GCC, Rupert Neil Bumfrey, Saudi Press Agency SPA, Sultan Haitham bin Tariq, Sultan Haitham, Sayyid Shihab bin Tarik Al Said, Sayyid Hamoud bin Faisal Al Busaidi, Sayyid Badr bin Hamad bin Hamoud Al Busaidi


IMF’s Technical Help in #Oman Will Unlikely Result in Aid Package - Bloomberg

IMF’s Technical Help in Oman Will Unlikely Result in Aid Package - Bloomberg The International Monetary Fund’s technical assistance for Oman doesn’t come with conditions and isn’t going to lead to any financial assistance, its mission chief to the Gulf country said.“The medium-term fiscal plan is not a plan with the IMF, it is the authorities’ own plan,” Daniel Kanda told Bloomberg in an interview late Wednesday. “It was pretty much completed by the time we got into the picture, it’s not somet...
Tags: Travel, Bloomberg, Oman, International Monetary Fund, Imf, Gulf, Kanda, Rupert Neil Bumfrey, COVID, Daniel Kanda


Higher Oil Prices Aren’t Enough for #Bahrain, Gulf’s Weakest Link - Bloomberg

Higher Oil Prices Aren’t Enough for Bahrain, Gulf’s Weakest Link - Bloomberg While most Persian Gulf countries replenish spent coffers with profits from rising oil prices, the region’s smallest economy is still in bailout territory.Bahrain needs crude prices above $88 a barrel to balance its budget this year, according to the International Monetary Fund, the highest breakeven price in the six-member Gulf Cooperation Council and far above current levels around $75. It’s preparing to tap interna...
Tags: Travel, Saudi Arabia, Bloomberg, Middle East, Dubai, Oman, International Monetary Fund, Bahrain, Imf, Gulf, Gulf Cooperation Council, Persian Gulf, Finance Ministry, Oxford Economics, Rupert Neil Bumfrey, Bahrain Gulf


#Oman bonds rise after it seeks IMF technical assistance | Reuters

Oman bonds rise after it seeks IMF technical assistance | Reuters Omani government bonds rose on Wednesday on news the Gulf country had asked the International Monetary Fund for technical assistance to help it develop a medium-term debt strategy and bolster its fiscal structure.Oman’s bonds due in 2051 were up almost 1 cent to 101.73 cents on the dollar, while bonds maturing in 2048 were 0.85 cents higher to trade at 99.6 cents on the dollar, data from Refinitiv’s Traeweb showed. [Author: ...
Tags: Travel, Oman, International Monetary Fund, Imf, Gulf, Reuters, Rupert Neil Bumfrey, Refinitiv


Asian Buyers to Seek Full #Saudi Oil Supply Despite Price Hike - Bloomberg

Asian Buyers to Seek Full Saudi Oil Supply Despite Price Hike - Bloomberg Some Asian oil refiners are planning to ask for full contractual crude volumes from Saudi Arabia, despite the kingdom jacking up prices for August, as there are few cheaper alternative sources of supply.Saudi Aramco raised the official selling price for its key Arab Light crude to Asia next month by the most since January after the breakdown of OPEC+ talks to boost output. Alternative grades from the U.S. or the North Se...
Tags: Travel, Asia, Saudi Arabia, Iraq, Opec, Bloomberg, Dubai, Oman, North Sea, Saudi Aramco, Atlantic Basin, Rupert Neil Bumfrey, Kuwait Qatar


Emirate of #Sharjah Said to Hire Banks as Bond Rush Picks Up Pace - Bloomberg

Emirate of Sharjah Said to Hire Banks as Bond Rush Picks Up Pace - Bloomberg Sharjah’s government has picked banks to raise over $750 million from an Islamic bond offering, drawn by historically low funding costs as its finances come under strain.A sale could happen as soon as the coming days, people familiar with the matter said, asking not to be identified as the matter is private. A representative for the government of Sharjah declined to comment.The third-biggest sheikhdom in the United Ar...
Tags: Travel, Bloomberg, Middle East, United Arab Emirates, Oman, Sharjah, Saudi Aramco, Rupert Neil Bumfrey, Moody 's Investors Service, Qatar Petroleum, Sharjah Said, Bloomberg Sharjah, Turkey Kenya


#Oman’s foreign reserves up by 8.1% in April | ZAWYA MENA Edition

Oman’s foreign reserves up by 8.1% in April | ZAWYA MENA Edition The Central Bank of Oman on Saturday announced that its total foreign assets increased by 8.1 percent to 7 billion Omani rials ($18.2 billion) in April 2021.The total private sector deposits with commercial banks and Islamic financial products in Oman increased by 6.8 percent to 17.2 billion rials, compared to 16.17 billion rials last year.The total loans and financing of commercial banks increased by 3 percent to 27.18 bill...
Tags: Travel, Oman, Rupert Neil Bumfrey, Central Bank of Oman, Asharq


Cricket T20 World Cup moved to UAE and Oman

The Twenty20 World Cup is moved from India to the United Arab Emirates and Oman because of the coronavirus pandemic.
Tags: News, India, United Arab Emirates, Oman, Uae


Twenty20 World Cup: India lose tournament with the United Arab Emirates and Oman now hosts

The Twenty20 World Cup is moved from India to the United Arab Emirates and Oman because of the coronavirus pandemic.
Tags: News, India, United Arab Emirates, Oman


T20 World Cup to be held from October 17 to November 14 in UAE and Oman

It will start three days after IPL final, but ICC to ensure pitches get enough rest between the two tournaments
Tags: Sport, Cricket, Oman, Ipl, Icc, Uae


Remembering Bahraini Poet Ghazi Al-Haddad (1961-2021)

Bahraini poet Ghazi Al-Haddad died last week: Ali al-Jamri Ghazi Al-Haddad (1961-2021), the great Bahraini poet, died on Wednesday 23 June. Like many of Bahrain’s most prolific poets, he was best known for his Hussaini poetry marking the occasions, struggles and martyrdoms that are central to Shi’a Islam, for which he will be best remembered. Yet he also wrote well-known revolutionary poems during Bahrain’s 1990s intifada and poems powerfully asserting the marginalized Bahrani identity. ...
Tags: Books, UK, Saudi Arabia, Poetry, Oman, Bahrain, Ali, Basra, National Assembly, Abbas, Qatif, Ghazi, Eastern Province, Karbala, Bahrani, Bilad


Mall operator says #UAE Q4 retail revenue to be greater than pre-pandemic | Reuters

Mall operator says UAE Q4 retail revenue to be greater than pre-pandemic | Reuters Middle East shopping mall operator Majid Al Futtaim said on Wednesday retail revenues in the United Arab Emirates in the latter part of 2021 are likely to exceed those seen before the pandemic, as more people are vaccinated and Dubai Expo 2020 begins.Privately-held Majid Al Futtaim has 27 shopping centres, including in the UAE, Egypt and Saudi Arabia, and franchisee rights for brands including Abercrombie & Fitc...
Tags: Travel, Saudi Arabia, Middle East, United Arab Emirates, Dubai, Oman, Muscat, Uae, Gulf, Reuters, Abercrombie Fitch, Majid Al Futtaim, Lululemon Athletica, UAE Egypt, Rupert Neil Bumfrey, Alain Bejjani


MIDEAST STOCKS Major Gulf markets gain as financial shares rise | Reuters

Major stock markets in the Gulf ended higher on Tuesday, supported by their financial stocks, with the Abu Dhabi index leading the gains. Saudi Arabia's benchmark index  (.TASI)  added 0.3%, with Saudi National Bank  (1180.SE)  rising 2.5% and petrochemical maker Saudi Basic Industries  (2010.SE)  strengthening 0.7%. Yemen's warring parties are thrashing out terms for a peace deal that would extricate the kingdom from a costly war and help alleviate a devastating humanitarian crisis, Reu...
Tags: Travel, Saudi Arabia, Qatar, Iran, United Arab Emirates, Dubai, Oman, Abu Dhabi, Yemen, Uae, Gulf, Reuters, Riyadh, Adi, Dubai International Airport, Tasi


MIDEAST STOCKS #Qatar gains as major Gulf markets rise | Reuters

MIDEAST STOCKS Qatar gains as major Gulf markets rise | Reuters Major Gulf markets rose in early trade on Tuesday, mostly lifted by financial stocks, while Qatar was boosted by its blue-chip shares.The Qatari benchmark (.QSI), up 0.6%, saw broad-based gains, with telecom firm Ooredoo (ORDS.QA) jumping about 6%.Qatar's foreign minister on Monday received the new Saudi ambassador to Doha, the first to be reinstated by Arab states after they agreed to end a dispute with Qatar earlier this year. R...
Tags: Travel, Qatar, Iran, Oman, Abu Dhabi, Yemen, Doha, Ooredoo, Gulf, Reuters, Riyadh, Dubai International Airport, Tasi, Qatar Saudi Arabia, Rupert Neil Bumfrey, Al Rajhi Bank


The Latest: Protests decry Brazil policies as toll tops 500K

By The Associated Press RIO DE JANEIRO — Anti-government protesters have taken to the streets in cities across Brazil as the nation’s confirmed death toll from COVID-19 soared past half a million. It’s a tragedy many critics blame on President Jair Bolsonaro’s attempt to minimize the disease. Thousands gathered Saturday in Rio de Janeiro, waving flags reading “Get out Bolsonaro.” Other marchers hoisted posters reading: “500 thousand deaths. It’s his fault.” Similar marches took place in at least...
Tags: Japan, UK, England, London, France, China, Germany, Russia, Softbank, Africa, Uncategorized, US, America, Sport, Turkey, Joe Biden


The Latest: Brazil’s COVID-19 death toll tops 500,000

By The Associated Press RIO DE JANEIRO — Brazil said Saturday that more than 500,000 people in the country are confirmed to have died from COVID-19 since the start of the pandemic. The nation of 210 million people has been reporting an average of more than 2,000 daily deaths in recent days. Brazil’s reported death toll is second only to that of the U.S., where the number of lives lost has topped 600,000. Health Minister Marcelo Queiroga confirmed that the official death toll had passed 500,000. ...
Tags: Japan, UK, England, London, France, China, Germany, Russia, Softbank, Africa, Uncategorized, US, America, Sport, Turkey, Joe Biden


Oman, Slowest Vaccinator in the Gulf, Pushes Campaign Amid COVID-19 Surge

By Lisa BarringtonDUBAI (Reuters) - Fresh COVID-19 vaccine supplies are accelerating inoculations in Oman, which has had the slowest rollout in the...
Tags: Oman, Reuters, Lisa, Oman Slowest Vaccinator


Oman reports new cases of black fungus in COVID-19 patients following 'epidemic' of the infection in India

Omani healthcare worker prepares a dose of the Pfizer/BioNTech Covid-19 vaccine at the Sultan Qaboos Sports Complex in Oman's capital Muscat on June 8, 2021. MOHAMMED MAHJOUB/AFP via Getty Images Mucorymycosis has been seen in patients with particularly severe cases of COVID-19. The fungal infection has a high mortality rate, requiring the removal of infected tissue. Doctors in Oman have encountered at least three COVID-19 patients with "black fungus," the AP said. See more stories on ...
Tags: Cdc, India, Trends, Ap, Healthcare, Delta, Oman, Associated Press, Muscat, Charles Davis, Afp, Arabian Peninsula, US Centers for Disease Control and Prevention, Black Fungus, Coronavirus, COVID-19


Coronavirus live news: Brazil records 2,468 new Covid deaths; Oman detects ‘black fungus’ infection

Country also recorded 80,609 new cases; three patients infected with mucormycosis, previously seen in IndiaUS Covid deaths hit 600,000 as ex-Biden adviser says toll was avoidableCovid Delta variant: how effective are the vaccines?Why is Israel lifting restrictions as England extends them?‘Queue jumping’: Australians under 40 get jabs despite not being eligibleIreland to double quarantine period for unvaccinated UK arrivals 10.16pm BST Brazil has had its highest daily death toll since 9 June,...
Tags: UK, England, Israel, World news, South Africa, Oman, Brazil, Vaccines and immunisation, Biden, Reuters, Coronavirus, AFP Hospital


Coronavirus live news: jabs to be mandatory for England’s care home staff; Oman detects ‘black fungus’ infection

Three patients infected with mucormycosis, previously seen in India; Perceval Gete becomes one of youngest people in Europe to receive jabUS Covid deaths hit 600,000 as ex-Biden adviser says toll was avoidableCovid Delta variant: how effective are the vaccines?Why is Israel lifting restrictions as England extends them?‘Queue jumping’: Australians under 40 get jabs despite not being eligibleIreland to double quarantine period for unvaccinated UK arrivals 8.42pm BST Covid vaccinations are to b...
Tags: Europe, UK, England, India, Israel, World news, Colombia, NHS, Oman, Associated Press, Vaccines and immunisation, Biden, Coronavirus, Perceval Gete


Coronavirus live news: Oman detects ‘black fungus’ infection; 12-year-olds in France get first vaccinations

Three patients infected with mucormycosis, previously seen in India; Perceval Gete becomes one of youngest people in Europe to receive jabCovid Delta variant: how effective are the vaccines?Why is Israel lifting restrictions as England extends them?China set to deliver 1bn Covid vaccine doses by end of this weekVaccines and oxygen run out as third wave of Covid hits UgandaUK coronavirus updates – live 4.26pm BST For more than a year, people who have wanted to get within breathing distance of...
Tags: Europe, England, Putin, Vladimir Putin, France, India, Israel, US, World news, Oman, National Institutes of Health, Vaccines and immunisation, Kremlin, Biden, Reuters, Coronavirus