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Oil Set for Weekly Gain With U.S. Rebound Outweighing IEA Report - Bloomberg

Oil Set for Weekly Gain With U.S. Rebound Outweighing IEA Report - Bloomberg:Oil headed for a second weekly gain as signs an energy demand recovery in the U.S. is gaining traction outweighed a more pessimistic report from the International Energy Agency.Futures in New York edged higher near $42 a barrel Friday and are up around 3% for the week. A slew of encouraging data on U.S. crude stockpiles, gasoline consumption and refinery activity spurred the biggest daily jump in three weeks Wednesday. ...
Tags: Travel, New York, Saudi Arabia, Opec, IEA, Rupert Neil Bumfrey, IEA Report Bloomberg, International Energy Agency Futures


Rivian investors explain why the startup's tech, Amazon deal, and management team make it a serious contender to become the next Tesla

Rivian has raised more money than any other EV startup that hasn't gone public. Three of Rivian's investors told Business Insider why they're betting on the company to become the next Tesla. They highlighted Rivian's EV platform, management team, and its contract to provide 100,000 delivery vans to Amazon. Are you a current or former Rivian employee? Do you have an opinion about what it's like to work there? Contact this reporter at [email protected], on Signal at 646-768-4712, or ...
Tags: Amazon, Saudi Arabia, Trends, Tesla, Ford, Bmw, Blackrock, T Rowe Price, Fath, Jameel, Soros Fund Management, Chargepoint, Abdul Latif Jameel, Hassan Jameel, Audi Mercedes Benz, Rivian


Middle East Markets: State Street Opens in #Saudi, Hires Abdullah Saleh Bakhrebah - Bloomberg

Middle East Markets: State Street Opens in Saudi, Hires Abdullah Saleh Bakhrebah - Bloomberg:State Street Corp. opened its first office in Saudi Arabia and hired Abdullah Saleh Bakhrebah from Ashmore Group Plc as chief executive officer for its operations in the kingdom. The Boston-based financial-services firm is entering Saudi Arabia as part of its plans to boost its presence in the Middle East, State Street said in a statement Thursday. It also hired Haifa Al Goufi as Middle East and North Af...
Tags: Travel, Saudi Arabia, Boston, Africa, Middle East, North Africa, Europe Middle East, Credit Suisse Group AG, State Street Corp, Rupert Neil Bumfrey, Ashmore Group Plc, Abdullah Saleh Bakhrebah Bloomberg, Abdullah Saleh Bakhrebah, Middle East State Street, Haifa Al Goufi, Hassan Al Khalaf


#Saudi stock exchange to launch environmental index with MSCI: CEO - Reuters

Saudi stock exchange to launch environmental index with MSCI: CEO - Reuters:Saudi Arabia’s stock exchange (TADAWUL) plans to launch an environmental, social or governance (ESG) index in cooperation with global index provider MSCI by the fourth quarter of this year or first quarter of 2021, the bourse’s chief executive said on Wednesday.The index will include at least 70 Saudi listed companies and will be based on MSCI standards, Khalid Al-Hussan said at a virtual event.“Globally we understand th...
Tags: Travel, Saudi Arabia, ESG, Reuters, Tadawul, MSCI, Rupert Neil Bumfrey, Khalid Al Hussan


MIDEAST STOCKS-Emirates NBD buoys #Dubai, other major Gulf markets also up - Reuters

MIDEAST STOCKS-Emirates NBD buoys Dubai, other major Gulf markets also up - Reuters:Major stock markets in the Gulf rose in early trade on Thursday, with the Dubai’s index boosted by a leap in top lender Emirates NBD.Dubai’s main share index advanced 1.2%, led by a 2.5% rise in its largest lender Emirates NBD.The bank is in preliminary discussions with Lebanon’s Blom Bank regarding the possibility of a potential acquisition of its existing shareholding in Blom Bank Egypt.DAMAC Properties, howeve...
Tags: Travel, Saudi Arabia, Dubai, Lebanon, Gulf, Reuters, Emirates NBD, Rupert Neil Bumfrey, Emirates NBD Dubai, Al Rajhi Bank, Blom Bank, Blom Bank Egypt DAMAC


3,000 sheep die after live exports rejected by Saudi Arabia

Animals died of hunger and thirst after 58,000 returned to Sudan due to quarantine compromiseAround 3,000 sheep sent back from Saudi Arabia by ship to Sudan have died of hunger and thirst according to a Sudanese government minister. Some drowned on the voyage.Saudi Arabia returned 58,000 sheep to Sudan after finding out that quarantine procedures in Sudan had been compromised, leaving some animals without vaccination against diseases including Rift Valley fever. Continue reading...
Tags: Saudi Arabia, Africa, Environment, World news, Middle East and North Africa, Sudan


Pompeo Goes On Attack After IG Report Cites Civilian Casualties From Saudi Arms Sales

Secretary of State Mike Pompeo kept up his attacks on members of Congress Wednesday after an internal watchdog report found that the State Department didn’t fully consider potential civilian casualties when it used emergency powers to sell arms to Saudi Arabia last year. The arms sales supplied Saudi Arabia, the United Arab Emirates and Jordan with billions of dollars in weapons. Congress had blocked some of the sales for months before Pompeo used a May 2019 emergency declaration to push them...
Tags: News, Congress, Saudi Arabia, Politico, United States, United Nations, United Arab Emirates, Dubai, State Department, Jordan, Abu Dhabi, Yemen, Donald Trump, OIG, Gulf, Riyadh


Oil Giant #Saudi Aramco Plans Huge Spending Cut for 2021 - Bloomberg

Oil Giant Saudi Aramco Plans Huge Spending Cut for 2021 - Bloomberg:Saudi Arabia’s state oil company plans to cut capital expenditure to $25 billion or less next year, about half the amount it was originally planning, according to people familiar with the matter.Saudi Aramco may keep capex, most of which is spent on exploration and production, at a similar level until at least 2023, the people said, asking not to be named as the matter isn’t public yet.The Dhahran-based firm is having to slash s...
Tags: Travel, Saudi Arabia, Bloomberg, Aramco, Saudi Aramco, Dhahran, Rupert Neil Bumfrey, SMBC Nikko Securities America, David Havens


MIDEAST STOCKS- #Dubai leads most major Gulf markets higher; Egypt quiet - Reuters

MIDEAST STOCKS-Dubai leads most major Gulf markets higher; Egypt quiet - Reuters:Most major Gulf bourses ended higher onWednesday, with the Dubai's index buoyed by gains in EmiratesNBD Bank after its digital banking services were restored.Saudi Arabia's benchmark index added 0.3%, led by a1% gain in Al Rajhi Bank and a 3.1% leap in BanqueSaudi Fransi.Dubai's main share index gained 0.9%, boosted by a2.6% jump in Emirates NBD Bank.Abdulla Qassem, Emirates NBD's group chief operatingofficer, said ...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, United, Gulf, Reuters, Air Arabia, Rupert Neil Bumfrey, Al Rajhi Bank, First Abu Dhabi Bank, EmiratesNBD Bank, BanqueSaudi Fransi Dubai, Emirates NBD Bank Abdulla Qassem Emirates NBD, Aldar Propertiesahead


Joe Biden picks Kamala Harris as running mate – US politics live

Democrats hail Kamala Harris as VP pickTrump tweets she is ‘weak’ and ‘the kind opponent everyone dreams of’QAnon supporter denounced for racism wins Georgia primary‘Squad’ member Ilhan Omar wins her primary race53,344 new US coronavirus cases reported – up on day beforeSign up to our First Thing newsletter 1.28pm BST US secretary of state Mike Pompeo has said his department did everything by the book in regards to arms sales to Saudi Arabia in 2019, after a government watchdog found the ris...
Tags: Saudi Arabia, US, America, Georgia, World news, Joe Biden, US news, Cnn, US politics, Associated Press, Yemen, Donald Trump, Kamala Harris, Joe, Black Lives Matter Movement, Chris Coons


MIDEAST STOCKS-Most major Gulf markets up but #AbuDhabi eases - Reuters

MIDEAST STOCKS-Most major Gulf markets up but Abu Dhabi eases - Reuters:Most major Gulf indexes were firm in early trade on Wednesday, but the Abu Dhabi index was hurt by a fall in the country’s largest lender.Saudi Arabia’s benchmark index was up 0.1%, with Al Rajhi Bank rising 1.1%, while Jarir Marketing increased 1.2%, extending gains from the previous session.On Tuesday, the Saudi retailer proposed a dividend of 1.70 riyal per share for the second quarter, versus 1.40 riyal a year earlier.Du...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Air Arabia, Rupert Neil Bumfrey, Jarir Marketing, Abudhabi, Al Rajhi Bank, Emirates NBD Bank


Watchdog Says State Dept. Failed to Limit Civilian Deaths From Saudi Arms Sales

The inspector general also found the State Department avoided congressional review by dividing sales of controversial arms into smaller packages.
Tags: News, Saudi Arabia, United Nations, United Arab Emirates, State Department, Yemen, Arms trade, Trump, Mike, State Dept, Raytheon Company, Engel, Pompeo, House Committee on Foreign Affairs, Donald J, Civilian Casualties


Pompeo failed to 'fully assess' civilian cost of Saudi arms sales, watchdog finds

State department’s inspector general office finds Pompeo acted within the law, but did not ‘fully assess’ risk of deaths in YemenA US government watchdog investigation into the “emergency” sale of more than $8bn in weapons to Saudi Arabia and its Gulf allies has found the state department failed to “fully assess” or mitigate the risk of civilian casualties in Yemen.The report by the state department’s Office of Inspector General (OIG) found that Mike Pompeo had acted within the law in May 2019 b...
Tags: Saudi Arabia, US, US foreign policy, US news, US politics, Yemen, Gulf, Pompeo, Mike Pompeo


Russia Claims To Have Registered World's First COVID-19 Vaccine

New submitter Hmmmmmm shares a report from CNBC: Russian President Vladimir Putin announced the registration of what Russia claims to be the first vaccine for the coronavirus in the world and said one of his daughters had already taken it. "Although I know that it works quite effectively, it forms a stable immunity and, I repeat, has passed all the necessary checks," Putin said. Clinical trials of this Russian vaccine have been completed in less than two months and phase three trials are set to ...
Tags: Putin, Vladimir Putin, Saudi Arabia, China, Russia, Tech, Al Jazeera, Cnbc, Gamaleya, United Arab Emirates the Philippines


‘My Spy 2’ Being Considered by Amazon and STX

My Spy, a film that was finished shooting in 2018, sat around for a few years, got delayed multiple times, and then finally got dumped onto Amazon, might be getting a sequel. The PG-13 family comedy from STX starring Dave Bautista as a CIA agent who teams up with a child (Chloe Coleman) debuted on Amazon Prime Video in June, and now STX and Amazon are thinking about a follow-up film with the original cast returning. The movie reportedly did well on Amazon, and that seems to be enough of a reaso...
Tags: Amazon, Comedy, Movies, Saudi Arabia, Sequels, Cia, Jj, Stx Entertainment, Sophie, Coleman, Jon, Bautista, Dave Bautista, Peter Segal, Erich Hoeber, Chloe Coleman


Secretive Palantir Technologies is preparing to go public. But behind the cloak-and-dagger image, insiders and investors say, it's struggled to build a steady revenue model.

Palantir Technologies, one of the oldest unicorns in Silicon Valley, will face new levels of scrutiny when it finally reveals its financial information ahead of a public listing expected early this fall. The Peter Thiel-backed startup built its reputation as a secret purveyor of government spy technologies, supplying near-magical tools to law enforcement and military clients around the globe. But behind the scenes, Palantir has struggled to build the type of steady, recurring revenue model tha...
Tags: Google, Facebook, UK, Ebola, Microsoft, Navy, California, Washington Post, Cdc, Ebay, Saudi Arabia, Stanford, Nsa, White House, China, Virginia


Secretive data-analytics firm Palantir Technologies has thrived in the shadows, but a coming IPO could poke holes in its most valuable asset — its reputation

Palantir Technologies, one of the oldest unicorns in Silicon Valley, will face new levels of scrutiny when it finally reveals its financial information ahead of a public listing expected early this fall. The Peter Thiel-backed startup built its reputation as a secret purveyor of government spy technologies, supplying near-magical tools to law enforcement and military clients around the globe. But behind the scenes, Palantir has struggled to build the type of steady, recurring revenue model tha...
Tags: Google, Facebook, UK, Ebola, Microsoft, Navy, California, Washington Post, Cdc, Ebay, Saudi Arabia, Stanford, Nsa, White House, China, Virginia


Palantir Technologies is preparing to go public. But behind the cloak-and-dagger image, insiders and investors say, it's struggled to build a steady revenue model.

Palantir Technologies, one of the oldest unicorns in Silicon Valley, will face new levels of scrutiny when it finally reveals its financial information ahead of a public listing expected early this fall. The Peter Thiel-backed startup built its reputation as a secret purveyor of government spy technologies, supplying near-magical tools to law enforcement and military clients around the globe. But behind the scenes, Palantir has struggled to build the type of steady, recurring revenue model tha...
Tags: Google, Facebook, UK, Ebola, Microsoft, Navy, California, Washington Post, Cdc, Ebay, Saudi Arabia, Stanford, Nsa, White House, China, Virginia


Private-equity giants like Carlyle are inking more deals in Asia. Here are the areas where they see the most investing opportunity.

Some of the biggest private-equity firms are pointing to Asia as a bright spot in their investment portfolios throughout the coronavirus pandemic. The region, including China, Korea, India, Japan and Australia, has recovered more quickly than the U.S. and PE execs are striking deals there to put capital to work.  Some of the biggest deals this year include Jio, an Indian telecom company, and 58.com, a Chinese classified ad website.  Executives told Business Insider about where they see opportu...
Tags: Asia, Hong Kong, Australia, Saudi Arabia, China, India, US, Trends, United States, Korea, Berkshire Hathaway, Donald Trump, KKR, Clifford Chance, General Atlantic, Silver Lake


Middle East News: #SaudiArabia, Allies Say #Qatar Air Blockade Was for Security - Bloomberg

Middle East News: Saudi Arabia, Allies Say Qatar Air Blockade Was for Security - Bloomberg:A Saudi-led group of countries has told the United Nations’ aviation agency that “emergency conditions” justify a three-year diplomatic impasse with Qatar that prevents that nation’s planes from flying over some neighboring territories.Foreign affairs ministers from Saudi Arabia, the United Arab Emirates, Egypt and Bahrain wrote to the International Civil Aviation Organization last week to say that announc...
Tags: Travel, Saudi Arabia, Qatar, Iran, United Nations, Montreal, Bahrain, International Civil Aviation Organization, Middle East News, Gulf, Bloomberg News, ICAO, Rupert Neil Bumfrey, United Arab Emirates Egypt, Jassim bin Saif Al Sulaiti, ICAO Qatar Transport


The all-electric Lucid Air gets an estimated EPA range of 517 miles

Lucid Motors said Tuesday that its upcoming all-electric luxury sedan can travel 517 miles on a single charge — a range that, if validated by the U.S. EPA, blows past every other EV on the road today including Tesla. The estimated EPA range was released ahead of the September 9 reveal of the Lucid Air. The automaker said the estimated EPA range was verified by   FEV North America, Inc., an independent firm that conducted the test in Auburn Hills, Michigan. Lucid Motors, which is backed by Saud...
Tags: Saudi Arabia, Tech, Automotive, Epa, Cto, Lucid, U S EPA, Auburn Hills Michigan, Atieva, Rawlinson, Lucid Motors, Lucid Air, Peter Rawlinson, Lucid Air Rawlinson, FEV North America Inc, Air Lucid Motors


MIDEAST STOCKS- #AbuDhabi index leads major Gulf markets higher - Reuters

MIDEAST STOCKS-Abu Dhabi index leads major Gulf markets higher - Reuters:Major stock markets in the Gulf rose in early trade on Tuesday, with the Abu Dhabi index boosted by gains in International Holding’s shares following a sharp rise in its second-quarter profit.Saudi Arabia’s benchmark index was up 0.2%, with Al Rajhi Bank rising 0.7% and oil giant Saudi Aramco increasing 0.3%.Aramco is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13 million bpd...
Tags: Travel, Saudi Arabia, Abu Dhabi, Gulf, Reuters, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Al Rajhi Bank, Amin Nasser, International Holding, Jarir Marketing Company


Drone’s flight path needs rigour to serve India’s varied parts

By Dr. Poornima Advani, partner, The Law Point From protecting farms to traffic management, India is moving ahead with the use of drones, as contactless operations have caught on amid the pandemic. But their flight path ahead will need rigorous planning, despite many safeguards introduced in recently-notified rules. Under the draft Unmanned Aircraft System Rules issued in June, policymakers have shown prudence by requiring drone operators to seek permits that are renewable every five years as we...
Tags: Travel, News, Privacy, Saudi Arabia, China, India, Surveillance, Drones, Views, Modi, Securities and Exchange Board of India SEBI, SCC, DGCA, Union of India, Drone Rules, Directorate General of Civil Aviation DGCA


Private-equity giants like Carlyle are inking more deals in Asia to get in early on an economic recovery — and that's offering a preview of the next hot investment themes

Some of the biggest private-equity firms are pointing to Asia as a bright spot in their investment portfolios throughout the coronavirus pandemic. The region, including China, Korea, India, Japan and Australia, has recovered more quickly than the U.S. and PE execs are striking deals there to put capital to work.  Some of the biggest deals this year include Jio, an Indian telecom company, and 58.com, a Chinese classified ad website.  Executives told Business Insider about where they see opportu...
Tags: Asia, Hong Kong, Australia, Saudi Arabia, China, India, US, Trends, United States, Korea, Berkshire Hathaway, Donald Trump, KKR, Clifford Chance, General Atlantic, Silver Lake


Saudi Arabia: COVID-19 Across KSA - Weekly Update (August 9, 2020) - Akin Gump Strauss Hauer & Feld LLP

Whatever your business—whether you are a government entity in charge of mega projects, an oil and gas major responsible for energy security, an investor looking at new investments...
Tags: News, Saudi Arabia, Gump Strauss Hauer, Feld LLP, Across KSA


MIDEAST STOCKS-Most major Gulf markets gain as financials jump - Reuters

MIDEAST STOCKS-Most major Gulf markets gain as financials jump - Reuters:Most major Gulf stock markets advanced in early trade on Monday, supported by gains in their financial shares, although Qatar bucked the regional trend to trade lower.Saudi Arabia’s benchmark index ticked up 0.2%, with Saudi Arabia Fertilizers rising 2.5% and the kingdom’s largest lender, National Commercial Bank, gaining 0.4%.Oil giant Saudi Aramco firmed 0.3%. The state-owned company on Sunday reported a 73% plunge in pro...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Gulf, Reuters, Saudi Aramco, Emaar Properties, Rupert Neil Bumfrey, Dubai Islamic Bank, National Commercial Bank


Coronavirus live news: UK daily infections pass 1,000 as Greece posts highest single rise

British economy to be officially declared in recession this week; fire at Indian hotel used a treatment facility; US passes 5m casesAmerica’s midwest braces for ‘unstoppable’ Covid-19 surgeUS coronavirus updates - live UK ministers reject weekly Covid testing in English schools Brazil scientist’s despair as coronavirus deaths hit 100,000Is generational coronavirus tension real? 6.29pm BST Despite international tourism facing its worst crisis since records began, Saudi Arabia has agreed with ...
Tags: Europe, UK, Greece, France, Saudi Arabia, US, World news, Australia news, US news, Infectious Diseases, Accor, Brazil, Reuters, Royal Commission, Sud Ouest, Coronavirus outbreak


MIDEAST STOCKS-Egypt outperforms Mideast markets; Aramco's Q2 profit slides - Reuters

MIDEAST STOCKS-Egypt outperforms Mideast markets; Aramco's Q2 profit slides - Reuters:The Egyptian bourse rose sharply onSunday, extending gains for a fifth straight session as most ofits constituents were in positive territory, while the Saudiindex ended higher helped by its financial shares.Saudi Arabia's benchmark index rose 0.4%, led by a0.8% gain in Al Rajhi Bank and a 1.5% increase inBanque Saudi Fransi.Elsewhere, state-owned oil company Saudi Aramcoadded 0.3% despite reporting a steep dec...
Tags: Travel, Saudi Arabia, Egypt, Reuters, Aramco, Mideast, Rupert Neil Bumfrey, Al Rajhi Bank, Amin Nasser, Saudi Aramcoadded


Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank

The coronavirus pandemic took a major toll on the oil giant’s earnings, but Aramco will maintain its hefty dividend for shareholders.
Tags: News, Saudi Arabia, Aramco, Saudi Aramco, Company Reports, Prices (Fares, Oil (Petroleum) and Gasoline, Fees and Rates, Coronavirus (2019-nCoV, Saudi Aramco Says Profit Fell


Saudi Aramco to keep $75bn dividend despite dive in profits

Shareholder payout to stay despite 73% fall in quarterly profits due to impact of Covid-19Saudi Arabia’s state-owned oil giant still plans to pay $75bn (£57bn) to its shareholders this year even as the impact of the coronavirus caused its profits for the last quarter to plummet by 73%.The global slowdown in oil demand during the coronavirus pandemic pushed Saudi Aramco’s net income for the second quarter down to $6.57bn, from $24.7bn in the same period last year and $16.6bn in the first quarter ...
Tags: Business, Saudi Arabia, Oil, Economics, World news, Commodities, Energy industry, Middle East and North Africa, Global Economy, Aramco, Saudi Aramco, Coronavirus outbreak, Covid 19Saudi Arabia