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#Saudi holds at 15-year high, #Qatar extends gains | Reuters

Saudi holds at 15-year high, Qatar extends gains | Reuters Saudi Arabia's stock market rose in early trade on Thursday, holding on to a 15-year high, while the Qatari index extended gains to a second session.Saudi Arabia's benchmark index (.TASI) advanced 0.2%, with Al Rajhi Bank (1120.SE) rising 0.9%, while Dr Sulaiman Al-Habib Medical Services Group (4013.SE) leapt 3.3%.Among other gainers, oil giant Saudi Aramco (2222.SE) added 0.2% after HSBC raised its target price to 38.8 riyals from 37....
Tags: Travel, Saudi Arabia, Qatar, Hsbc, Uae, Reuters, Reuters Saudi Arabia, Gulf Cooperation Council GCC, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Dr Sulaiman Al Habib Medical Services Group


Social media users pass the 4.5 billion mark

Social media users pass the 4.5 billion mark 21 Oct 2021 Active users have increased by more than 400 million over the past year. Our new Digital 2021 October Global Statshot Report – published in partnership with We Are Social and Hootsuite – is pac...
Tags: Apple, Google, Amazon, Facebook, Asia, Indonesia, Saudi Arabia, China, Southeast Asia, India, US, America, Seo, Eu, Snapchat, Netflix


Saudi leader MBS seemingly open to discussing normalizing relations with Israel, but has conditions: report

Saudi Crown Prince Mohammed bin Salman has faced global condemnation over Jamal Khashoggi's murder. Bernd von Jutrczenka/Getty Images MBS was seemingly open to discussing normalizing ties with Israel, per an Axios report. National security advisor Jake Sullivan met with MBS in late September in Saudi Arabia. Six Arab countries have full diplomatic relations with Israel. Saudi Crown Prince Mohammed bin Salman did not completely reject the idea of his country normalizing ties with Israe...
Tags: Politics, News, Congress, Washington, Saudi Arabia, White House, Israel, US, International, Trends, Joe Biden, Egypt, Morocco, Sudan, Jordan, Biden


Aramex drives #Dubai bourse higher, #Saudi at 15-year high | Reuters

Aramex drives Dubai bourse higher, Saudi at 15-year high | Reuters Dubai's stock market ended higher on Wednesday, outperforming its Gulf peers, led by a surge in logistic firm Aramex, while the Saudi index extended gains a day after hitting a 15-year peak.Dubai's main share index (.DFMGI) finished 1.4% higher, with Aramex (ARMX.DU) soaring 14.9%, its biggest intraday gain since Jan. 2009, after a direct deal worth 1.41 billion dirhams ($383.90 million) for its 295 million shares.On Tues...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Doha, Uae, Gulf, Reuters, Aramex, Adi, Tasi, Rupert Neil Bumfrey, Reuters Dubai


'This might be my last job' - Bruce leaves Newcastle after Saudi-backed takeover of club

Manager Steve Bruce leaves Newcastle United by mutual consent just 13 days after the Saudi Arabia-backed £305m takeover of the Premier League side was completed.
Tags: News, Saudi Arabia, Premier League, Newcastle United, Newcastle, Steve Bruce, Bruce


Middle Eastern Borrowers Are on Track to Raise Record Loan Sums - Bloomberg

Middle Eastern Borrowers Are on Track to Raise Record Loan Sums - Bloomberg Companies from the Middle East and North Africa region look poised to raise record sums from loans as progress with vaccination and partial reopening of tourism spurs investment. The United Arab Emirates is among countries that have been easing travel restrictions while Saudi Arabia has been rising in Bloomberg’s latest Covid resilience rankings. Firms from the region have borrowed $103 billion of loans so far this yea...
Tags: Travel, Saudi Arabia, Bloomberg, Middle East, United Arab Emirates, North Africa, HSBC Holdings Plc, Bloomberg Companies, Rupert Neil Bumfrey, Middle East North Africa Turkey, First Abu Dhabi Bank PJSC, Fawaz Abu Sneineh, Aydın Emek Head of Loan Syndicate Distribution


#Saudi Solar Prices Surge Amid Silicon-Supply Crunch - Bloomberg

Saudi Solar Prices Surge Amid Silicon-Supply Crunch - Bloomberg Bid prices to develop Saudi Arabia’s latest round of solar-power projects rose substantially from earlier this year, underscoring how soaring panel costs are hitting the renewable-energy industry.China’s JinkoSolar Holding Company Limited submitted the lowest shortlisted offer to generate electricity from a 300-megawatt plant, according to a document on the Saudi Ministry of Energy’s website. At 1.48 cents a kilowatt-hour, it was ...
Tags: Travel, France, Saudi Arabia, China, Bloomberg, Abu Dhabi, Masdar, Rupert Neil Bumfrey, Acwa Power International, Saudi Ministry of Energy, JinkoSolar Holding Company Limited, TotalEnergies SE Riyadh


Newcastle United manager Steve Bruce leaves club by mutual consent after Saudi backed takeover

Manager Steve Bruce has left Newcastle United by mutual consent just 13 days after the Saudi Arabia-backed takeover of the Premier League club.
Tags: Saudi Arabia, Cnn, Premier League, Newcastle United, Steve Bruce


Manager Bruce leaves Newcastle after Saudi takeover

Manager Steve Bruce leaves Newcastle United by mutual consent just 13 days after the Saudi Arabia-backed £305m takeover of the Premier League side was completed.
Tags: News, Saudi Arabia, Premier League, Newcastle United, Newcastle, Steve Bruce, Bruce


Manager Bruce leaves Newcastle after takeover

Manager Steve Bruce leaves Newcastle United by mutual consent just 13 days after the Saudi Arabia-backed £305m takeover of the Premier League side was completed.
Tags: News, Saudi Arabia, Premier League, Newcastle United, Newcastle, Steve Bruce, Bruce


Steve Bruce leaves Newcastle by mutual consent after Saudi takeover

Manager Steve Bruce leaves Newcastle United by mutual consent just 13 days after the Saudi Arabia-backed £305m takeover of the Premier League side was completed.
Tags: News, Saudi Arabia, Premier League, Newcastle United, Newcastle, Steve Bruce


Franklin Templeton's Kronfol on Energy Deals - Bloomberg video

Franklin Templeton's Kronfol on Energy Deals - Bloomberg Dino Kronfol, Franklin Templeton CIO discusses Saudi Arabia's energy green shift. 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, Rupert Neil Bumfrey, Franklin Templeton, Bloomberg Daybreak, Yousef Gamal El Din, Kronfol, Energy Deals Bloomberg, Dino Kronfol Franklin Templeton


#Dubai’s Biggest Bank Still Waiting for Asset Quality to Improve - Bloomberg

Dubai’s Biggest Bank Still Waiting for Asset Quality to Improve - Bloomberg Emirates NBD PJSC reported a surge in earnings and said impairment charges dropped sharply even as asset quality barely improved.Dubai’s biggest bank said its nine-month profit rose an annual 29% to 7.3 billion dirhams ($2 billion), while impairment allowances dropped 42%. The ratio of non-performing loans was at 6.2% as of Sept. 30, unchanged from a year earlier, according to a statement on Wednesday.Dubai, which kick...
Tags: Travel, Saudi Arabia, India, Middle East, United Arab Emirates, Dubai, Uae, Emirates NBD, Sullivan, Patrick Sullivan, Rupert Neil Bumfrey, Shayne Nelson, Bloomberg Emirates NBD PJSC


Aramex buoys #Dubai bourse, #Saudi at 15-year high | Reuters

Aramex buoys Dubai bourse, Saudi at 15-year high | Reuters Dubai's stock market rose in early trade on Wednesday, outperforming its regional peers, while the Saudi index held on to a 15-year high.Dubai's main share index (.DFMGI) advanced 0.8%. Aramex (ARMX.DU) surged 14.9%, its biggest intraday gain since Jan. 2009, after a direct deal worth 1.41 billion dirhams ($383.90 million) was implemented on its 295 million shares.On Tuesday, the logistics firm also resumed deliveries to and from the U...
Tags: Travel, Saudi Arabia, China, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Doha, Reuters, Aramex, Adi, Tasi, Rupert Neil Bumfrey, Al Rajhi, Abu Dhabi National Oil Co


Saudi Arabia: E-invoicing In The Kingdom Of Saudi Arabia (KSA) - TMF Group BV

Recently, detailed guidance for e-invoicing was released by the Zakat, Tax and Customs Authority (ZATCA) in Arabic and English.
Tags: News, Saudi Arabia, Kingdom of Saudi Arabia, KSA TMF Group BV, Customs Authority ZATCA


Lawyers to submit Yemen war crimes dossier to UK police

Key figures in Saudi Arabia and UAE accused of crimes against humanity include investors in Britain A group of human rights lawyers will on Wednesday file a legal complaint in the UK accusing key figures in Saudi Arabia and the United Arab Emirates of being involved in war crimes relating to the war in Yemen.They plan to submit a dossier to British police and prosecutors alleging that about 20 members of the political and military elite of the two Gulf nations are guilty of crimes against humani...
Tags: UK, Human Rights, Saudi Arabia, UK News, Britain, Middle East and North Africa, United Arab Emirates, Yemen, Uae, Gulf


UK Foreign Minister to Visit Saudi Arabia, Qatar

LONDON (Reuters) - British foreign minister Liz Truss will travel to Saudi Arabia and Qatar this week, seeking to further the case for a trade deal...
Tags: UK, London, Saudi Arabia, Qatar, Reuters, Liz Truss, Saudi Arabia Qatar


Saudi Arabia: Adopts The 11th Edition Of The Nice Classification - United Trademark & Patent Services

The Eleventh Edition of the International Classification of Goods and Services for the Purposes of the Registration of Marks under the Nice Agreement (Nice Classification) has been officially adopted...
Tags: News, Saudi Arabia, Patent Services, Nice Classification United Trademark, International Classification of Goods


Saudi Arabia: Transfer Of Trademark Enforcement Jurisdiction To SAIP - United Trademark & Patent Services

The Saudi Authority for Intellectual Property "SAIP" announced on August 15, 2021 that the enforcement jurisdiction of trademarks is transferred from the Ministry of Commerce to the SAIP in line...
Tags: News, Saudi Arabia, Ministry of Commerce, Saip, Patent Services, Saudi Authority for Intellectual Property SAIP, SAIP United Trademark amp


#Saudi index hits 15-year peak; Egypt falls on profit-taking | Reuters

Saudi index hits 15-year peak; Egypt falls on profit-taking | Reuters Saudi Arabia closed at a more than 15-year high on Tuesday as crude prices resumed gains, while the Egyptian bourse retreated as investors booked profits following a recent rally.Brent crude was up 65 cents, or 0.8%, to $84.98 a barrel by 1206 GMT as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns.Saudi Arabia's benchmark index (.TASI) r...
Tags: Travel, Saudi Arabia, China, Qatar, Egypt, United Arab Emirates, Dubai, Oman, Abu Dhabi, Kashmir, Doha, Reuters, Adi, Jammu, Tasi, Etihad Etisalat


Premier League clubs vote to block sponsorship deals linked to owners

London (AFP) – Premier League clubs have voted to temporarily block teams from striking lucrative deals with businesses that have links to their club’s owners after the Saudi Arabia-backed takeover of Newcastle. The Guardian newspaper reported 18 clubs voted in favour of the ban at an emergency meeting on Monday, with Newcastle voting against and Manchester City abstaining. It is understood that both questioned the legality of the move. A temporary month-long ban on such deals will be put in pl...
Tags: London, Saudi Arabia, City, Sport, Soccer, Premier League, Manchester City, Newcastle, Abu Dhabi, Leeds, Afp, Mohammed bin Salman, Etihad Airways, Abu Dhabi United Group, Newcastle the Guardian, Tottenham NEWCASTLE


Saudi Arabia to launch enormous oil themed 'extreme park'

The Middle Eastern country has announced plans to convert an oil rig into a 150,000 square attraction located in the Arabian Gulf.
Tags: Saudi Arabia, Cnn


UNICEF Says 10,000 Children Killed or Maimed in Yemen Since 2015

GENEVA (Reuters) - Ten thousand Yemeni children have been killed or maimed since a military coalition led by Saudi Arabia intervened in March 2015...
Tags: Saudi Arabia, Geneva, Yemen, Unicef, Reuters


#Saudi telco Mobily posts 26% rise in net profit | ZAWYA MENA Edition

Saudi telco Mobily posts 26% rise in net profit | ZAWYA MENA Edition Saudi Arabian telecommunications operator Etihad Etisalat (Mobily) posted a 26 percent increase in third-quarter net profit on the back of higher revenue. From June to September 2021, Mobily’s net profit reached 281 million riyals ($75 million), compared to 222 million riyals from the same period last year, according to a disclosure to the Saudi Stock Exchange (Tadawul). The company said its earnings grew due to higher subscr...
Tags: Travel, Saudi Arabia, Mobily, Rupert Neil Bumfrey, Etihad Etisalat Mobily, Saudi Stock Exchange Tadawul


#Saudi index hits 15-year peak as most Gulf bourses gain | Reuters

Saudi index hits 15-year peak as most Gulf bourses gain | Reuters Saudi stocks scaled a more than 15-year high on Tuesday, rising for a fifth session in six and leading gains in the Gulf as crude oil prices reversed earlier losses.Oil prices recouped earlier losses as falling temperatures in China, the world's biggest energy consumer, revived concerns about its ability to meet heating demand needs amid power and coal shortages.Saudi Arabia's benchmark stock index (.TASI) rebounded 0.4%, touchi...
Tags: Travel, Saudi Arabia, China, Dubai, Abu Dhabi, Kashmir, Gulf, Reuters, Jammu, Tasi, ADNOC, Etihad Etisalat, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Masraf Al Rayan


#AbuDhabi outperforms Gulf markets; Saudi retreats | Reuters

Abu Dhabi outperforms Gulf markets; Saudi retreats | Reuters Most stock markets in the Gulf ended higher on Monday, mirroring strong oil prices, although the Saudi index snapped a four-day winning streak on profit taking.Oil prices hit multi-year highs buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation.Saudi Arabia's benchmark index (.TASI) eased 0.1%, hit by a 1.5% fall in petrochemical maker Saudi Basic...
Tags: Travel, Saudi Arabia, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Bahrain, Gulf, Reuters, Qatar National Bank, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, First Abu Dhabi Bank FAB, Emirates Telecommunications Group Etisalat, Commercial International Bank COMI


#Saudi fast-food franchise operator Alamar Foods considers IPO, sources say | Reuters

Saudi fast-food franchise operator Alamar Foods considers IPO, sources say | Reuters Saudi Arabia's Alamar Foods, the regional franchise operator for Domino's Pizza (DPZ.N), is considering an initial public offering (IPO) that would allow The Carlyle Group (CG.O) sell some of its stake, three sources familiar with the matter said.Alamar Foods has hired HSBC (HSBA.L) to arrange the share sale, the sources told Reuters. They said deliberations were at an early stage and no final decision had bee...
Tags: Travel, Saudi Arabia, Ipo, Pakistan, Hsbc, North Africa, Reuters, Dunkin Donuts, Carlyle, Alamar, Middle East North Africa, Rupert Neil Bumfrey, HSBC HSBA, Carlyle Group CG O, U S pizza chain, Alamar Foods


Major Gulf bourses gain in early trade; #Saudi falls | Reuters

Major Gulf bourses gain in early trade; Saudi falls | Reuters Most major stock markets in the Gulf rose in early trade on Monday with higher oil prices, while the Saudi index retreated, threatening to end a four-day winning streak.Oil prices hit their highest level in years as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel.Saudi Arabia's benchmark index (.TASI) fell 0.4%, weighed down by a...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Reuters, Adi, Tasi, Rupert Neil Bumfrey, Masraf Al Rayan, First Abu Dhabi Bank, Major Gulf, Emaar Properties EMAR DU, QIB, Qatar Islamic Bank QIB QISB QA, Aramex ARMX DU In Abu Dhabi


Morgan Stanley Puts Buoyant #Saudi Stocks Back on the Buy List - Bloomberg

Morgan Stanley Puts Buoyant Saudi Stocks Back on the Buy List - Bloomberg The sustained rally in Saudi stocks over the last 18 months has led Morgan Stanley analysts to concede they got it wrong.“MSCI Saudi Arabia has been the best performing major country -- in the world -- this year and was also one of the best performing last year,” Morgan Stanley analysts wrote in a note on Monday, double upgrading their recommendation on the country to overweight. “Having been underweight since May 2020, ...
Tags: Travel, Saudi Arabia, Bloomberg, Morgan Stanley, Rupert Neil Bumfrey, MSCI Saudi Arabia


Newcastle 2-3 Tottenham: New era at St James' Park begins with loss

Newcastle's first game since the club's Saudi Arabia-backed takeover ends in a defeat by Tottenham which intensifies the pressure on manager Steve Bruce.
Tags: News, Saudi Arabia, Tottenham, Newcastle, St James Park