A major storm has swamped streets in New Orleans and prompted a tornado warning near the city Wednesday as concerns grew that worse weather is on the way to Louisiana and other states along the Gulf of Mexico. Water was up to the doors of many cars during the morning rush hour. The storms were […]
$OIL, $USO The United Arab Emirates’ Top diplomat says evidence his country possesses indicates that recent attacks against Crude Oil tankers inside UAE waters were “state-sponsored.” Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan did not name the state, but said his country wants to work with other nations to prevent a further escalation of […]
BP (NYSE:BP) said it has discovered 2 new oilfields in the Gulf of Mexico and has identified an additional billion barrels of Crude Oil at an existing field thanks to new seismic technology. The British company recently turned a corner following the deadly Y 2010 Deepwater Horizon spill Tuesday announced plans to expand production at […]
The Saga of Jamal Khashoggi, the Terrorist Jamal Khashoggi, the privileged grandson of the physician to the 1st King of Saudi Arabia, and nephew of Adnan, the arms dealer and once know as the richest man in the world, a Turk by linage and a Saudi citizen by birth and educated in the US, wanted […]
President Trump ‘forging’ an Arab NATO to Confront Iran The Trump Administration is quietly pushing ahead with a bid to create a new security and political alliance with 6 Gulf Arab states, Egypt and Jordan, in part to counter Iran’s expansion in the region, according to US and Arab officials. The White House wants to […]
The McQueen TAG Makes a Come Back The square-cased TAG Heuer Monaco Gulf 2018 special edition gives the brand an edge over the competition The Monaco is a massively important timepiece in the pantheon of watches produced by TAG Heuer. Introduced in Y 1969, it housed the brand’s first-ever self-winding chronograph – the Calibre 11. […]
Alberto Headed for Mississippi and Florida, Governors Issue Emergency Warnings Saturday, Florida Governor Rick Scott declared a State of Emergency as subtropical storm Alberto moves north towards the US Gulf Coast, threatening to bring heavy rainfall and flooding by Monday, according to officials. All 67 Florida counties have issued the notice to give state and […]
The Scottish Highlands The Scottish Highlands has become a favorite spot for Gulf royals, that is not surprising given the stunning natural scenery and rich history. Regal and majestic, the lochs and mountains of the Scottish Highlands have a long and proud tradition of both defying and welcoming wide-eyed intruders eager to either dominate the […]
On Hospitality: Rotana CEO Omer Kaddouri As Abu Dhabi hotel group Rotana celebrates its 25th Anniversary, Omer Kaddouri explains why the last have been the toughest yet When UAE hotel group Rotana opened its 1st property in Y 1993, a year after its founding, the Gulf hotel market was unrecognizable from the glittering towers and […]
Hurricane Harvey Moving Across the Gulf of Mexico $USO, $RDS.A, $XOM Hurricane Harvey moved across the Gulf of Mexico and threatened to strike the heart of the country’s Crude Oil refining industry when it comes ashore in Texas at the weekend. Communities in the path of the quickly strengthening storm began evacuating and energy firms […]
UAE to “Shun” Qatar The conflict in the GCC with Qatar appears to show no signs of easing, with the UAE’s Minister of State for Foreign Affairs Dr Anwar Gargash suggesting that it was ‘time to move on’. In a series of tweets on Wednesday, Dr. Gargash accused Qatar of being a “conservative Gulf Monarchy” […]
Qatar’s Response to Gulf Neighbors Demands “Very Negative” Egyptian Foreign Minister Sameh Shoukry said Wednesday that Qatar’s response to the demands of Egypt and Gulf countries was “very negative.” Shoukry’s comments came during a press conference after his meeting in Cairo with his counterparts of Saudi Arabia, the United Arab Emirates (UAE) and Bahrain to […]
Qatar: Stocks on the Nation’s Exchange Drops, Arab Deadline Looms Qatar is accused by it neighbors of supporting terrorism and destabilizing the Gulf region, while at the same time hosting the regions largest US Military base. Issues on Qatar’s stock exchange have dropped following an extended Holiday closure as the small Crude Oil and Nat […]
Qatar Signs $12-B Deal to Buy F-15 Jets from US $BA Qatar’s Ministry of Defense said Wednesday the country signed a deal to buy F-15 fighter jets from the United States for $12-B. The deal was completed despite the Gulf country being criticized recently by US President Donald Trump for supporting terrorism. US Defense Secretary […]
The Qatar Crisis: Signs of Weakness The decision by some Persian Gulf and Arab nations to cut diplomatic ties with Qatar is indicative of the deep crisis brewing in the region over the lack of real Sunni leadership. This situation could represent an opportunity for Israel if it treads lightly. The decision by Saudi Arabia, […]
US President Trump Understands the GCC Region and Iran Gulf monarchies say Barack Hussein Obama did not do enough to tackle perceived meddling by Iran in Bahrain Bahrain’s foreign minister said this week that US President Donald Trump understood the region and the threats posed by their common adversary Iran better than Barack Obama. Speaking […]
The GCC Region: 2016 in Review Looking back at some of the Gulf region’s most important events during the past 12 months Y 2016 has been one to remember. From Crude Oil prices to the election of Donald Trump as US President, and from the UAE’s Ministry of Happiness to Saudi Arabia’s Vision 2030, […]
Donald Trump & the GCC, What can we expect? A look at what the Trump presidency could mean for the Gulf region When Donald Trump enters the White House as President of the United States of America on 20 January, the world will be faced with an unknown quantity on a political level. What is […]
The Boardroom is Different in the Gulf Countries GCC boards do not necessarily stick to international corporate governance standards There are 2 ways to look at the gap between where most corporate boardrooms (boards) are in the Gulf today and where the current international best practices for corporate governance are considered to be. One implies […]
Pure Harvest Plans UAE Tomato Farm after $1.1-M Shorooq Investment The company said its climate-controlled growing system can be used to grow fruit and vegetable year-round in the Gulf Agricultural technology firm Pure Harvest Smart Farms has announced plans to launch operations in the UAE after a $1.1-M investment from Abu Dhabi’s Shorooq Investments. Under […]
Dubai to Overtake London as Top Pick for Wealthy GCC Investors Softening prices in Dubai was cited as the top reason for its increase in attractiveness Dubai’s property market is set to overtake the international destinations of London, New York and Singapore as the Top choice for the GCC’s wealthiest investors next year, a report […]
Dubai Parks’s Future Expansion with New Name DXBE The theme park operator said its new name would show ambitions beyond its first attraction in Jebel Ali Dubai Parks and Resorts has officially rebranded to DXB Entertainments as part of longer term plans to pursue opportunities beyond its upcoming attraction near Jebel Ali. The company will […]
Winners at the Gulf Business Awards 2016 A total of 25 awards were handed to the winners during the event Tuesday The 5th Edition of the Gulf Business Awards was held in a glittering ceremony at Taj Dubai Tuesday evening and hosted some of the biggest business leaders in the UAE. A total of 25 […]
Floridians Prepared for 1st Hurricane in 10yrs + $CVX, $DUK Hermine hit Florida Gulf Horn coast with diminished force, the 1st hurricane to strike the state since Y 2005 before heading East overland to threaten Soybean, Cotton crops and the US East Coast. Hermine’s top winds reached 75 miles per hour, making it a Category […]
UAE & Qatar to Drive Gulf Hospitality Market to $37-B by 2020 Mega events in both countries will drive growth, despite current challenges, according to Alpen Capital The Gulf Cooperation Council (GCC) hospitality market is expected to be worth $37-B by Y 2020, driven by strong growth in the UAE and Qatar, according to a […]
Saudi Arabia is Buying Gold Reinforcing the bullish view HEFFX has on Gold, Saudi Arabia seems to be stepping up their Gold acquisitions. A recently-released Dubai Chamber of Commerce and Industry special report has revealed that the UAE is becoming increasingly competitive in Saudi Arabia’s import market, as the Kingdom constitutes the 2nd largest destination […]
Saudi Arabia Engaged HSBC Banker to Manage Bond Sale Fahad Al Saif has become the 2nd HSBC banker to be appointed to a government role in recent months It was reported Tuesday that Saudi Arabia has engaged HSBC Holdings banker Fahad Al Saif to start a debt management office responsible for the Kingdom’s 1st international […]
Dubai’s Burj Al Arab Opens New Luxury Terrace The beach leisure facility was built and shipped from Finland Dubai luxury hotel Burj Al Arab unveiled its new beach leisure facility, called the Terrace, Wednesday. The facility, operated by Jumeirah, was opened by Vice-President and Prime Minister of the UAE and Dubai’s ruler His Highness Sheikh […]
Gulf Borrowers Turn to Private Bonds, Sales Surge Gulf bond sales have increased by 33% so far this year Gulf borrowers are increasingly turning to privately-placed sovereign bonds for funding following a 32% rise in YTD sales, according to reports. Private transactions are seen as a means of avoiding public documentation and the marketing process […]
