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United Kingdom

Nafisa Eltahir

MENA fund managers to boost UAE investments, bearish on Saudi: Reuters poll

30 Jul 2019

DUBAI Middle Eastern funds plan to increase their investments in the United Arab Emirates and decrease their investments in Saudi Arabia, while keeping their exposure to other countries in the region at current levels, according to a Reuters poll.

Top Khamenei aide says no talks with U.S. under any circumstances

24 Jul 2019

GENEVA/DUBAI The top military adviser to Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday that Tehran would not negotiate with the United States under any circumstances, an apparent hardening of its position as the Gulf tanker crisis escalates.

MENA fund managers continue to increase investments in Kuwait: Reuters poll

30 Jun 2019

DUBAI Middle Eastern funds plan to continue increasing their investments in Kuwait over the next three months, while largely keeping their exposure to other countries in the region at current levels, according to a Reuters poll.

After ousting Bashir, Sudan's activists struggle to loosen military's grip

10 May 2019

DUBAI After spearheading the rallies that toppled former President Omar al-Bashir, Sudan's main protest group is now locked in a stand-off with the country's new military rulers that is testing its clout as a political force.

German chauffeur service Blacklane plans IPO within three years

30 Apr 2019

DUBAI German chauffeur service Blacklane is planning an initial public offering (IPO) in the next three years, its chief executive told Reuters, as it strives to build its position in the fast-growing premium taxi market.

Tourist arrivals in Colombo to drop by 50 percent after bombings: Sri Lanka tourism chief

29 Apr 2019

DUBAI Tourist arrivals in Colombo will fall by 50 percent over the next two months following the Easter Sunday bombings that killed more than 250 people, Sri Lanka's Tourism Bureau Chairman Kishu Gomes predicted on Monday.

Tourist arrivals in Colombo to drop by 50 percent after bombings: Sri Lanka tourism chief

29 Apr 2019

DUBAI Tourist arrivals in Colombo will fall by 50 percent over the next two months following the Easter Sunday bombings that killed more than 250 people, Sri Lanka's Tourism Bureau Chairman Kishu Gomes predicted on Monday.

Tourist arrivals in Colombo to drop by 50 percent after bombings - Sri Lanka tourism chief

29 Apr 2019

DUBAI Tourist arrivals in Colombo will fall by 50 percent over the next two months following the Easter Sunday bombings that killed more than 250 people, Sri Lanka's Tourism Bureau Chairman Kishu Gomes predicted on Monday.

UPDATE 2-Tourist arrivals in Colombo to drop by 50 percent after bombings -Sri Lanka tourism chief

29 Apr 2019

DUBAI, April 29 Tourist arrivals in Colombo will fall by 50 percent over the next two months following the Easter Sunday bombings that killed more than 250 people, Sri Lanka's Tourism Bureau Chairman Kishu Gomes predicted on Monday.

MIDEAST STOCKS-Falling oil prices weigh on Gulf stocks

28 Apr 2019

* SABIC rises despite reporting drop in profits * Samba down after profits fall * Dubai Investments extends slump ex-dividend By Nafisa Eltahir DUBAI, April 28 Stocks closed lower across the Gulf on Sunday with markets overshadowed by a fall in oil prices. Saudi stocks eked out some early gains then went into reverse, closing 0.1 percent lower. Al Rajhi Bank initially rose after posting an increase in profits last week but ended up with a 1.32 percent decline on the day. Oil prices fell 3 percent on Friday, hitting sentiment across the region, after U.S. President Donald Trump again pressured the Organization of the Petroleum Exporting Countries to raise crude production to ease gasoline prices. Saudi Arabia's Samba Financial Group ended 1.6 percent lower, as the market digested its announcement last week of a 7.4 percent fall in profits, worse than analysts' estimates. Riyad Bank managed to hold onto gains, adding 2.4 percent on its strong results last week. Saudi Basic Industries Corp (SABIC) was up 0.5 percent despite reporting a 38 percent drop in first-quarter net profits, below analyst expectations. Sabic has seen some selling this month after Saudi oil giant Aramco agreed to buy a 70 percent stake in it from the Public Investment Fund at a slight discount to the market rate in March. Dubai's stock index was 0.42 percent lower, weighed down by a 1 percent fall in Emaar Properties. Dubai Investments fell 5.4 percent, extending a slump after going ex-dividend last week. Abu Dhabi stocks were 0.21 percent lower as First Abu Dhabi Bank fell 0.36 percent. Qatar's stock exchange was down 0.42 percent, pulled down by a 1.1 percent fall in Qatar National Bank. Kuwaiti stocks dipped 1.35 percent. Boubyan Bank was down 4.8 percent and other banks also traded lower. Egypt's stock market was closed for a public holiday. SAUDI ARABIA The index were down 0.1 pct to 9,266 points ABU DHABI The index was down 0.2 pct to 5,381 points DUBAI The index lost 0.4 pct to 2,776 points QATAR The index fell 0.4 pct to 10,406 points BAHRAIN The index gained 0.1 pct to 1,441 points OMAN The index slipped 0.3 pct to 3,930 points KUWAIT The index dropped 1.4 pct to 6,055 points (Reporting by Nafisa Eltahir Editing by Andrew Heavens)

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