Google+ Followers

Sunday, 17 November 2013

Dubai Airshow sees record $192 billion in orders on frenzied first day - CNN.com

Dubai Airshow sees record $192 billion in orders on frenzied first day - CNN.com:

"
Ruler of Dubai Sheikh Mohammed Bin Rashid al-Maktoum (L) at the Dubai Airshow on November 17.
The biennial Dubai Airshow began Sunday with the Gulf region's major carriers announcing some of the biggest aviation deals in history.
There was as much speculation swirling around the size of the orders before the event as there was desert sand outside the nearby Al Maktoum airport.
However few predicted that $192.3 billion worth of deals for commercial jets (at list prices) would be announced on the first day -- a new record that has outstripped the orders from the entire 2007 airshow."

'via Blog this'

EU launches new drive to end deadlock over Ukraine's Tymoshenko | Reuters

EU launches new drive to end deadlock over Ukraine's Tymoshenko | Reuters:

"European Union envoys will make another attempt this week to break a deadlock over jailed Ukrainian opposition leader Yulia Tymoshenko that has jeopardized plans by the EU and Ukraine to sign a landmark trade and cooperation deal.

The envoys, former Polish President Aleksander Kwasniewski and Irish politician Pat Cox, will return to Kiev for a session of parliament on Tuesday that will try again to pass a law allowing the 52-year-old Tymoshenko to go to Germany for medical treatment of her chronic back pain.

The case of ex-prime minister Tymoshenko, a fierce opponent of Ukrainian President Viktor Yanukovich who was jailed in 2011 for seven years for abuse of office, has become symbolic for the EU of the "selective justice" that the bloc wants ended before it will sign the accord with Ukraine."

'via Blog this'

The week ahead: Nov 18-24 | beyondbrics

The week ahead: Nov 18-24 | beyondbrics:

"The week ahead in emerging markets: EU trade talks begin with China and the Philippines delivers its budget. Plus a number of Q3 GDP figures (Thailand, Chile, Venezuela, Russia, Mexico, Peru). Russia’s GDP figures are eagerly awaited.

Monday, November 18
The International Coal and Climate summit takes place in Warsaw. The world’s largest coal producers will meet with policy makers, academics and NGO representatives.
The Oil Council’s world assembly also takes place in London."

'via Blog this'

WAM | DFSA Commences DIFC Courts Action

WAM | Emirates News Agency:

"The Dubai Financial Services Authority (DFSA) has commenced proceedings in the DIFC Courts to enforce compliance by Deutsche Bank AG, Dubai (DIFC) Branch (DBDIFC), with a Notice Requiring Information.

The DFSA has brought the proceedings for the purpose of enforcing compliance with two Investigative Notices served on DBDIFC, under Article 80 of the Regulatory Law 2004, requiring the production of information and documents.

The DFSA will make no further comment until the proceedings are resolved."

'via Blog this'

MIDEAST STOCKS-Saudi, Qatar gain on year-end dividends; Q3 reports hit Bahrain | Reuters

MIDEAST STOCKS-Saudi, Qatar gain on year-end dividends; Q3 reports hit Bahrain | Reuters:

"* Saudi cement makers rise sharply

* Qatar rally continues after technical breakout

* Q3 earnings reports drag down Bahrain

* Oman's Galfar down after corruption trial starts

* Egypt up after S&P upgrade, talk of more Saudi aid

By Olzhas Auyezov

DUBAI, Nov 17 (Reuters) - Stocks in Saudi Arabia and Qatar continued to benefit on Sunday from year-end dividend-hunting while Bahrain slipped after some companies posted third-quarter losses. Markets in the United Arab Emirates remained volatile.

The top performer in Saudi Arabia was Southern Province Cement, which is expected to deliver a 5.9 percent dividend yield this year compared with the index average of 3.9 percent, according to consensus analyst estimates from Thomson Reuters. The stock jumped 9.2 percent.

Other cement producers such as Qassim Cement and Yamamah Cement were also among Sunday's top performers with expected dividend yields well above the average. The Saudi market climbed 0.8 percent to a fresh five-year high."

'via Blog this'

AIRSHOW-Qatar orders 5 Airbus A330 freighters | Reuters

AIRSHOW-Qatar orders 5 Airbus A330 freighters | Reuters:

"Qatar Airways placed an order on Sunday for five Airbus A330 freighters as it expands its cargo business.

The Gulf carrier said it had taken out options for a further 8 aircraft, making the deal potentially worth $2.8 billion at list prices.

"Cargo is a strategic part of our business," Chief Executive Akbar Al Baker said after announcing the orders at the Dubai Airshow."

'via Blog this'

Gazprom Says Ukraine Buying Gas, Europe Supplies Safe | Business | The Moscow Times

Gazprom Says Ukraine Buying Gas, Europe Supplies Safe | Business | The Moscow Times:

"Russia's state natural gas company says Ukraine is once again buying Russian gas and no longer endangering supplies to Western Europe.

Most of the gas that Gazprom supplies to Europe goes through pipelines that cross Ukraine. Ukraine, which Gazprom says owes it $1.3 billion, a week ago stopped buying Russian gas and said it would rely on its underground stores through the end of the year.

Gazprom warned on Thursday that this would deplete the amount of so-called technical gas needed to drive the gas through the pipelines to Europe.

Gazprom Chief Executive Alexei Miller said Friday that Ukraine has resumed purchases of Russian gas and stopped taking gas from its underground stores, Russian news agencies reported Friday."

'via Blog this'

Dubai’s Shares Extend Loss on Bets Rally Overdone, Qatar Gains - Bloomberg

Dubai’s Shares Extend Loss on Bets Rally Overdone, Qatar Gains - Bloomberg:

"Dubai’s benchmark stock index fell, extending the declines of the past two weeks, on concern this year’s rally may be overdone. Shares in Qatar rose.
The DFM General Index (DFMGI) lost 0.3 percent at 2,816.6 at 12:24 p.m. in the emirate, paring the gain for the year to 74 percent. Gulf Navigation Holding PJSC (GULFNAV), the shipping company that transports oil and chemicals, was poised for its lowest close in two months. Aramex PJSC (ARMX), the United Arab Emirates’ biggest courier company, slid the most in two weeks, while Shuaa Capital PSC (SHUAA) retreated 3.8 percent. Qatar’s benchmark QE Index climbed 0.8 percent and Israel’s TA-25 Index (TA-25) advanced 0.6 percent."

'via Blog this'

Qatar Airways to buy 50 long-haul B777x planes from Boeing | Doha News

Qatar Airways to buy 50 long-haul B777x planes from Boeing | Doha News:

"
Boeing
The three major Gulf carriers have announced today deals for billions of dollars worth of new planes with US-based Boeing, as part of plans to increase their long-haul flight capacity.

The news was shared this morning on the opening day of the Dubai Air Show.

Among the highest-profile deals were Emirates’ $76 billion plan to buy 150 new B777X planes; Qatar Airways’ $19 billion order of 50; and Etihad’s $25.2 billion order of 25. Lufthansa has also signed up for 34 of the mini-jumbo aircraft, reportedly making it the largest ever launch for an airliner."

'via Blog this'

BUSINESS - Emirates orders 50 Airbus A380 superjumbos for $23 billion

BUSINESS - Emirates orders 50 Airbus A380 superjumbos for $23 billion:

"
A file picture taken on June 23, 2013 shows
an Airbus A380 flying over Le Bourget airport,
north of Paris, on the opening day of
the International Paris Air show. AFP photo
Dubai's Emirates Airline said on Sunday it has ordered 50 Airbus A380 planes for $23 billion, meaning it will become the first carrier to buy the superjumbo this year.

The order cements Emirates' status as the single largest operator of the double-deckers, Emirates chief Sheikh Ahmed bin Saeed Al-Maktoum said at the opening day of the Dubai Airshow.

"Emirates has understood from the start the A380's advantages in terms of efficiency, economics and passenger comfort," Fabrice Bregier, Airbus chief and president, told the signing ceremony."

'via Blog this'

AIRSHOW-Abu Dhabi's Etihad places $25.2 bln Boeing order | Reuters

AIRSHOW-Abu Dhabi's Etihad places $25.2 bln Boeing order | Reuters:

"Abu Dhabi's Etihad Airways on Sunday placed an aircraft order worth $25.2 billion at list price with Boeing for 56 airplanes, kicking off a buying spree by Gulf carriers at the Dubai Air Show.

The order includes 25 of Boeing's revamped mini jumbo, 777X airplanes and 30 787 Dreamliner planes, Etihad said at a press conference, adding it had options and purchase rights for 26 additional airplanes."

'via Blog this'

Venture Capital: Free Trade or Hostile Takeover (E16) - YouTube

Venture Capital: Free Trade or Hostile Takeover (E16) - YouTube:

"Talks recommenced on the transatlantic trade deal between the EU and US this week - which promises to be worth 150 billion dollars. But who will benefit, and will corporations run the world? Katie Pilbeam asks economist Rodney Shakespeare. Plus, the ECB is contemplating negative interest rates as a last ditch effort bid to boost Eurozone's struggling economies. And the most expensive diamond and painting were sold at auction this week -- but are they really the most valuable assets or is the reality of inflation ever more visible. Katie's side-kick Sean Thomas talks Bitcoin and show's us his dance moves!


"

'via Blog this'

Dubai Airshow to open with Gulf spending spree | Reuters

Dubai Airshow to open with Gulf spending spree | Reuters:

"Gulf airlines are set to place orders worth over $100 billion as the Dubai Airshow gets under way on Sunday, industry sources said, led by record investment in a new Boeing jet.

The birth of a revamped successor to Boeing's 777 jet, with some 250 orders booked or in the pipeline from four airlines, marks a new step in the growth of Gulf airlines and a fierce contest between Boeing and Airbus (EAD.PA) for their business.

Boeing is expected to launch the 777X jet with orders from the top three Gulf carriers -- Dubai's Emirates, Abu Dhabi's Etihad Airways and Qatar Airways -- and Germany's Lufthansa (LHAG.DE) which has already tentatively committed to buy 34 of the planes."

'via Blog this'

Saudi Gazette - SEC set to issue 2 sukuk

Saudi Gazette - SEC set to issue 2 sukuk:

"Saudi Electricity Co (SEC) plans to issue Islamic bonds denominated in both riyals and dollars in coming months and has selected banks to arrange the offers, banking sources aware of the matter said.

The utility company has large fund-raising needs as it looks to expand generation capacity to keep up with the kingdom’s rapidly growing power demand, which is climbing by around 9 percent per year.

SEC has chosen the investment banking arm of Banque Saudi Fransi and HSBC’s Saudi Arabian unit to arrange the riyal-denominated sukuk, three banking sources said, speaking on condition of anonymity as the information isn’t public.

This transaction is expected to launch as early as Thursday, two of the sources said. HSBC will also be involved as an arranger of the dollar-denominated sukuk. – Reuters"

'via Blog this'

Boeing Chases 737 Max Deals to Curb Airbus A320 Middle East Lead - Bloomberg

Boeing Chases 737 Max Deals to Curb Airbus A320 Middle East Lead - Bloomberg:

"Boeing Co. (BA), maker of the world’s most popular commercial aircraft, is confident to book sales of its new 737 Max single-aisle jet at the Dubai Air Show to trim Airbus SAS’s lead in the region for short-range planes.
The 737 Max, which will feature new engines to boost efficiency, may win new Middle East customers, Marty Bentrott, sales vice president for the Chicago-based planemaker, said today at a press conference in Dubai.
“We have a number of key opportunities we are focused on here in the region,” he said on the even of the aviation expo."

'via Blog this'

Emirates Said to Be in Talks to Buy 50 Airbus A380 Superjumbos - Bloomberg

Emirates Said to Be in Talks to Buy 50 Airbus A380 Superjumbos - Bloomberg:

"Emirates, the world’s largest international airline, is in talks with Airbus SAS to purchase as many as 50 A380 superjumbos, people familiar with the negotiations said.
The order, valued at about $20 billion at list price, may be signed as early as today as the Dubai Air Show kicks off, said the people, who asked not to be named because details are private. Emirates President Tim Clark has said previously that he would like to buy about 30 additional A380s.
A transaction of that size would be a record for the A380, which was at risk of ending 2013 without a deal. Instead, Airbus can now make the year the most successful for its superjumbo should leasing company Doric firm up its plan to buy 20 units, which it announced in June. Emirates is already the biggest customer for the Airbus flagship with orders for 90 jets and had taken delivery of 38 by the end of October."

'via Blog this'