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The United Arab Emirates, of which Dubai is part, saw the heaviest rainfall in at least 75 years, with more than a year’s worth of precipitation in 24 hours. Abandoned vehicles on a flooded highway after a rainstorm in Dubai, United Arab Emirates on Wednesday. People stand as flood water caused by heavy rains covers the stairs of a residential building, in Dubai, United Arab Emirates on Wednesday. A man walks in flood water caused by heavy rains, with the Burj Khalifa tower visible in the background, in Dubai, United Arab Emirates, April 17, 2024. Residents move their belongings on a kayak at a flooded residential complex following heavy rainfall, in Dubai, United Arab Emirates on Thursday.
Persons: hadn’t, Christopher Pike, , Sofie, Sheikh, Avinash Babur, Amr Alfiky, Babur, Amr Alfiky Amr Alfiky, Ali Salem, , wasn’t Organizations: UAE CNN, United, United Arab Emirates, Bloomberg, Getty, Dubai Marina, CNN, , Dubai “, REUTERS, Reuters, . Schools Locations: Dubai, UAE, United Arab Emirates, Ras Al, Khaimah, Persian, United Arab, Western, lockdowns, freezers, United States, China, Burj Khalifa, Jumeirah
CNN —Dubai International Airport, one of the world’s busiest aviation hubs, remained in disarray Thursday after unprecedented heavy rain led to airliners having to negotiate flooded runways. Delays and cancelations caused by the flooding have led to ongoing congestion at Dubai International Airport. The tarmac of Dubai International Airport was left submerged. Some residents were seen rowing canoes outside their homes, and one viral video on social media showed residents wake boarding on a flooded street in a residential area. Amr Alfiky/ReutersOther videos from social media showed water rushing through a major shopping mall and inundating the ground floor of homes.
Persons: Rula Rouhana, Mohit Mehta, , , ” Mehta, Amr Alfiky, Mister Funk, Christopher Pike, Madiha Khawaja, Khawaja, Sheikh Zayed, cleanups, Sheikh Mohamed bin Zayed Al, Nahyan Organizations: CNN — Dubai International Airport, Emirates, Flydubai, , , Dubai International Airport, Rula, Reuters, United Arab, Dubai International, CNN, UAE, “ Emirates, Bloomberg, Getty Images Municipal, Abu Dhabi . Schools Locations: United Arab Emirates, Dubai, Gurgaon, India, Amsterdam, UAE, Gulf of Oman, Oman, Iran, London, Sheikh, Sharjah, Abu Dhabi
CNN —Iranian authorities have warned that crocodiles are being forced from their natural habitats as floods devastate parts of the country’s southeast. Three road construction workers have died in the flooding, Iranian state news agency IRNA reported on Thursday, which came after a record-breaking storm hit the Middle East. Videos broadcast by state news media IRNA and Tasnim showed widespread floods with people using boats to rescue others. The weather conditions were associated with a larger storm system traversing the Arabian Peninsula and moving across the Gulf of Oman. In Oman, at least 18 were killed in flash floods triggered by heavy rain, the country’s National Committee for Emergency Management said.
Persons: IRNA, Christopher Pike Organizations: CNN, Mehr, of Environment, Iranian, United Arab, UAE, Emergency Management Locations: Bandar Abbas, Kerman, Sistan, Baluchistan, Rivers, Bahu Kalat, Dubai, UAE, United Arab Emirates, Oman, Iran, Gulf of Oman
CNN —It has been a remarkable week for Russia’s Anna Kalinskaya, who began it having just qualified for the Dubai Tennis Championships and ends it playing in the tournament’s final after defeating world No. I know if I don’t stay calm and aggressive she’s going to destroy me,” Kalinskaya, the world No. Christopher Pike/Getty ImagesThe 25-year-old raced into a 5-2 lead in the second set, but wobbled after Świątek saved two match points and mounted a comeback to come within touching distance of leveling the second set. 3 Coco Gauff 2-6 6-4 6-2 in Thursday’s quarterfinals for another upset victory, making her form all the more impressive. She will face Italy’s Jasmine Paolini, who is also playing in her first-ever WTA 1000 final, for the title on Saturday.
Persons: Russia’s Anna Kalinskaya, Świątek, Coco Gauff, Kalinskaya, “ She’s, ” Kalinskaya, , Iga Świątek, Christopher Pike, Jasmine Paolini Organizations: CNN, Dubai Tennis, Reuters Locations: Dubai
Most Gulf markets fall on weak oil; Saudi gains
  + stars: | 2023-12-03 | by ( ) www.reuters.com   time to read: +2 min
A general view shows the Dubai Financial Market after Joe Biden wins U.S. presidency, in Dubai, United Arab Emirates November 8, 2020. REUTERS/Christopher Pike/File Photo Acquire Licensing RightsDec 3 (Reuters) - Most stock markets in the Gulf ended lower on Sunday, in response to Friday's fall in oil prices, although the Saudi index bucked the trend to close higher. Oil prices - a catalyst for the Gulf's financial markets - slumped more than 2% on Friday on investor scepticism over the depth of OPEC+ supply cuts and concern about sluggish global manufacturing activity. Saudi Arabia's benchmark index (.TASI) gained 0.4%, with oil giant Saudi Aramco (2222.SE) rising 0.5% and Arabian Pipes Co (2200.SE) advancing 5.4%. Outside the Gulf, Egypt's blue-chip index (.EGX30) lost 0.7%, with Commercial International Bank (COMI.CA) declining 2%.
Persons: Joe Biden, Christopher Pike, Jerome Powell, Ateeq, Bernadette Baum, Sharon Singleton Organizations: Dubai Financial, United Arab Emirates, REUTERS, Qatar Islamic Bank, Saudi Aramco, Arabian Pipes, Federal, Gulf Cooperation Council, U.S ., Commercial International Bank, Thomson Locations: Dubai, United Arab, Saudi, OPEC, Saudi Arabia, Ateeq Shariff, Bengaluru
But long-promised finance from rich countries to help it make a green transition simply hasn’t arrived, President Wavel Ramkalawan told CNN in May. But Al Jaber’s decision to focus on increasing finance to help developing countries shift to renewable energy is helping his popularity in the Global South. A 2022 UN-backed report calculated developing countries will need about $2 trillion a year by 2030. “We have seen the West only being extractive and very opportunistic, and actually kept developing countries dependent on fossil fuels,” he said. “It needs to buy more time to diversify its economy further and wants to capitalize on its energy resources for as long as possible,” Vakil told CNN.
Persons: hasn’t, Wavel Ramkalawan, “ We’re, ” Ramkalawan, , Al Jaber, Al Jaber’s, COP28, ” Al Jaber, Sultan Al Jaber, Abu, Christopher Pike, ADNOC, William Ruto, Masdar, Al Jaber —, ” Ruto, Simone Boccaccio, it’s, Harjeet Singh, Sanim Vakil, ” Vakil, Organizations: CNN, UN, Dubai, Abu, Abu Dhabi National Oil Company, US, COP28, Abu Dhabi International Petroleum Exhibition, Bloomberg, Kenyan, UAE, Climate, North Africa, Chatham House Locations: Seychelles, Canadian, Africa, Abu Dhabi, Dubai, UAE, Kenya, Egypt, Turkana, UN
Most Gulf markets gain on rising oil prices
  + stars: | 2023-11-19 | by ( Ateeq Shariff | ) www.reuters.com   time to read: +2 min
REUTERS/Christopher Pike Acquire Licensing RightsNov 19 (Reuters) - Most stock markets in the Gulf ended higher on Sunday in response to Friday's rise in oil prices, with the Saudi index rising for a fourth consecutive session. Oil prices - often a catalyst for the Gulf's financial market - jumped more than 4% on Friday, rebounding from a 4-month low, with U.S. sanctions on some Russian oil shippers lending support. Saudi Arabia's benchmark index (.TASI) gained 0.5%, with oil giant Saudi Aramco (2222.SE) gaining 0.3% and the country's biggest lender Saudi National Bank (1180.SE) advancing 1.5%. In Qatar, the index (.QSI) closed 0.2% higher, helped by a 1% rise in the Gulf's biggest lender Qatar National Bank (QNBK.QA). Outside the Gulf, Egypt's blue-chip index (.EGX30) advanced 2.1%, buoyed by a 3.8% jump in Commercial International Bank (CIB) (COMI.CA).
Persons: Joe Biden, Christopher Pike, Kristalina Georgieva, Ateeq, Alex Richardson Organizations: Dubai Financial, United Arab Emirates, REUTERS, Saudi, Saudi Aramco, Saudi National Bank, Qatar National Bank, Gulf Cooperation Council, U.S . Federal Reserve, International Bank, CIB, Egypt's, European Bank for Reconstruction, Monetary Fund, Reuters, Thomson Locations: Dubai, United Arab, Saudi, Qatar, Israel, Ateeq Shariff, Bengaluru
Qatar’s growing role as an international conflict mediator is opening commercial opportunities for the gas-rich Arab Gulf state. Photo: Christopher Pike/Bloomberg NewsFor more than a year, Qatar quietly hosted talks between senior U.S. and Venezuelan officials that led to a breakthrough last month when Washington lifted sanctions on Venezuela’s crippled energy industry. Now the tiny Arab state, and a Qatari conglomerate, are trying to cash in.
Persons: Christopher Pike Organizations: Bloomberg, U.S Locations: Qatar, Washington, Qatari
Pakistan's Fakhar has no regrets over missed hundred
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +2 min
Fakhar led Pakistan's chase with a freewheeling 81, which earned him player-of-the-match award, but fell short of a hundred trying to wrap up their chase early. Sri Lanka and the Netherlands can also join them in a mid-table logjam should both win their next games. Fakhar said the mood was upbeat in the dressing room despite the uncertainty around the 1992 champions making the last four in the showpiece 50-overs tournament. "In the World Cup, each win gives you confidence and we were waiting for this win. "We are in the ifs-and-buts (zone) right now - but we will try to win both the remaining matches with good run rates.
Persons: Pakistan's, Zaman, Sri Lanka's Pramod Madushan, Christopher Pike, Fakhar Zaman, Fakhar, Amlan Chakraborty, Michael Perry Organizations: Asia, United Arab Emirates, Sri, Sri Lanka's Pramod Madushan REUTERS, Rights, Bangladesh, England, Thomson Locations: Pakistan, Sri Lanka, Dubai, United Arab, Rights KOLKATA, Eden, Afghanistan, Bangladesh, Netherlands, Zealand, New Delhi
Major Gulf markets little changed ahead of Fed decision
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Christopher Pike Acquire Licensing RightsSept 20 (Reuters) - Major stock markets in the Gulf were little changed in early trade on Wednesday ahead of the U.S. Federal Reserve's interest rate decision. Investors are awaiting a raft of central bank interest rate decisions this week to assess the outlook for economic growth and fuel demand. The U.S. central bank is widely expected to keep interest rates on hold, but the focus will be on its projected policy path. The six-member Gulf Cooperation Council's monetary policy is usually guided by the Fed's decision as most regional currencies are pegged to the U.S. dollar. The Qatari benchmark (.QSI) rose 0.1%, helped by a 0.7% rise in the Gulf's biggest lender Qatar National Bank (QNBK.QA).
Persons: Joe Biden, Christopher Pike, Ateeq, Sohini Goswami Organizations: Dubai Financial, U.S, United Arab Emirates, REUTERS, Gulf Cooperation, U.S ., Development, Saudi Aramco, Qatar National Bank, Thomson Locations: Dubai, United Arab, U.S . Federal, U.S, Saudi, Dar Al Arkan, Yemen, Riyadh, Abu Dhabi, Ateeq Shariff, Bengaluru
Sri Lanka pip Pakistan to make Asia Cup final v India
  + stars: | 2023-09-14 | by ( ) www.reuters.com   time to read: +2 min
[1/5] Cricket - Asia Cup - Final - Pakistan v Sri Lanka - Dubai International Stadium, Dubai, United Arab Emirates - September 11, 2022 Sri Lanka players celebrate with the trophy after winning the Aisia Cup REUTERS/Christopher Pike Acquire Licensing RightsCOLOMBO, Sept 14 (Reuters) - Sri Lanka kept their Asia Cup title defence alive as they beat Pakistan by two wickets in an edge-of-the-seat thriller on Thursday to book their place in Sunday's final against India. Electing to bat in the rain-marred contest, Pakistan posted 252-7 in 42 overs following half-centuries by Mohammad Rizwan and Abdullah Shafique. Kusal Mendis kept Sri Lanka's chase on track but it was Charith Asalanka's unbeaten 49 which helped them clinch the last ball thriller. Electing to bat, Pakistan lost Fakhar Zaman early while skipper Babar Azam (29) fell just when he was looking set. Shadab Khan caught Pathum Nissanka off his own bowling and then ran out Kusal Perera to peg back Sri Lanka but the collapse Pakistan wanted did not materialise.
Persons: Christopher Pike, Mohammad Rizwan, Abdullah Shafique, Kusal Mendis, Sri Lanka's, Charith, Fakhar Zaman, Babar Azam, Iftikhar Ahmed, Shadab Khan, Pathum Nissanka, Kusal Perera, Mendis, Sadeera Samarawickrama, Samarawickrama, Shaheen Afridi, Iftikhar, Dasun Shanaka, Afridi, Zaman Khan, Asalanka, Amlan Chakraborty, Pritha Sarkar Organizations: Asia, United Arab Emirates, Sri, Aisia, REUTERS, Rights, India, Thomson Locations: Pakistan, Sri Lanka, Dubai, United Arab, India, New Delhi
Cricket - Asia Cup - Final - Pakistan v Sri Lanka - Dubai International Stadium, Dubai, United Arab Emirates - September 11, 2022 Pakistan players stand during the national anthems as the Asia Cup trophy is displayed before the match REUTERS/Christopher Pike/File PhotoISLAMABAD, Aug 6 (Reuters) - Pakistan has decided to send its cricket team to India to participate in this year's 50-over World Cup, the foreign office said on Sunday. The neighbouring countries, who share fraught relations, have played each other only in multi-team events at neutral venues over the last decade. India has ruled out travelling to Pakistan for the Asia Cup, which is scheduled to begin on Aug. 31. Pakistan's foreign office said it had concerns about its cricket team's security during the tournament and would convey them to the International Cricket Council and Indian government. Reporting by Charlotte Greenfield; Editing by Alex Richardson and Ed OsmondOur Standards: The Thomson Reuters Trust Principles.
Persons: Christopher Pike, Pakistan's Bilawal Bhutto, Zardari, Charlotte Greenfield, Alex Richardson, Ed Osmond Organizations: Asia, United Arab Emirates, REUTERS, Shanghai Cooperation Organisation, International Cricket Council, Thomson Locations: Pakistan, Sri Lanka, Dubai, United Arab, ISLAMABAD, India, ., Goa, Kashmir
[1/2] A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. REUTERS/Christopher Pike/File PhotoJune 20 (Reuters) - Abu Dhabi National Oil Company (ADNOC) has approached German plastics and chemicals maker Covestro AG (1COV.DE) with a takeover proposal worth more than 10 billion euros ($10.9 billion), two people familiar with the matter said on Tuesday. The OMV deal would indirectly also increase ADNOC's holding in both European petrochemicals maker Borealis and Abu Dhabi-listed petrochemicals company Borouge (BOROUGE.AD). SABIC (2020.SE), also of Saudi Arabia, in the same year purchased a stake of almost 25% in Swiss chemicals maker Clariant (CLN.S). Thanks to a 2007 deal to buy GE's plastics unit, SABIC competes with Covestro in polycarbonate plastics.
Persons: Christopher Pike, Abu Dhabi's, ADNOC, Sultan, Jaber, Lanxess, SABIC, Ludwig Burger, Patricia Weiss, Christoph Steitz, Hadeel Al, Greg Roumeliotis, Louise Heavens, Sharon Singleton, Elisa Martinuzzi, Alexandra Hudson Organizations: United, United Arab Emirates, REUTERS, Abu Dhabi National Oil Company, Covestro, Alexandra Hudson Our, Thomson Locations: Abu Dhabi, United Arab, Covestro, Europe, Saudi Aramco, Saudi Arabia, Swiss, Frankfurt, Hadeel Al Sayegh, Dubai
[1/2] A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. ADNOC and Covestro declined to comment. The OMV deal would indirectly also increase ADNOC's holding in both European petrochemicals maker Borealis and Abu Dhabi-listed petrochemicals company Borouge (BOROUGE.AD). SABIC (2020.SE), also of Saudi Arabia, in the same year purchased a stake of almost 25% in Swiss chemicals maker Clariant (CLN.S). Thanks to a 2007 deal to buy GE's plastics unit, SABIC competes with Covestro in polycarbonate plastics.
Persons: Christopher Pike, Abu Dhabi's, ADNOC, Sultan, Jaber, Lanxess, SABIC, Ludwig Burger, Patricia Weiss, Christoph Steitz, Hadeel Al, Greg Roumeliotis, Louise Heavens, Sharon Singleton, Elisa Martinuzzi, Alexandra Hudson Organizations: United, United Arab Emirates, REUTERS, Abu Dhabi National Oil Company, Covestro, Alexandra Hudson Our, Thomson Locations: Abu Dhabi, United Arab, Covestro, Europe, Saudi Aramco, Saudi Arabia, Swiss, Frankfurt, Hadeel Al Sayegh, Dubai
Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, the UAE leader's eldest son, is now the oil-rich Middle Eastern country's crown prince, effectively next in line for its leadership. Sheikh Tahnoon was already named chair of the $790 billion Abu Dhabi Investment Authority, the emirate's main sovereign wealth fund, earlier in March. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of the Emirate of Abu Dhabi. He described the decision as "formalizing the leverage Abu Dhabi has over Dubai, and how little Dubai will be allowed to say in foreign policy." Prime Minister and Vice-President of the United Arab Emirates and ruler of Dubai Sheikh Mohammed bin Rashid al-Maktoum attends the Global Women's Forum in Dubai, United Arab Emirates, February 16, 2020.
[1/2] A general view of the Burj Khalifa and the downtown skyline in Dubai, United Arab Emirates, June 12, 2021. The decision came during a phone call between UAE President Sheikh Mohammed bin Zayed Al Nahyan and Qatar's emir Sheikh Tamim bin Hamad al-Thani, statements from state news agency WAM and the Amiri Diwan said. In Sunday's phone call, Sheikh Mohammed pledged the UAE's support for Qatar's bid to host the meetings and "wished the Emir and the people of Qatar every success in hosting this global gathering," WAM's statement said. But relations between Abu Dhabi and Doha have warmed in recent months with Sheikh Mohammed visiting Qatar during the soccer World Cup last December. Abu Dhabi, like Manama, has not appointed an envoy to Doha, but restored travel and trade links with Qatar.
Beyond the property market, Dubai's economic boom is evident in everyday life. The Dubai International Financial Centre (DIFC) area of Dubai, United Arab Emirates, with the Burj Khalifa in the backdrop, Sept. 16, 2022. Property prices have, too — CBRE says that selling prices are up 11.5% on average in the year to February 2023. Christopher Pike | Bloomberg | Getty ImagesAccording to CBRE's research, in the year through February 2023, average Dubai rents increased by 27.7%. In the meantime, no one expects property prices to ease up anytime soon.
[1/3] An Emirati man is seen near the logo of ADNOC in Ruwais, United Arab Emirates May 14, 2018. REUTERS/Christopher PikeDUBAI, Feb 23 (Reuters) - State oil giant Abu Dhabi National Oil Co (ADNOC) said on Thursday it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 billion and give ADNOC Gas an equity valuation of $47 billion to $50.8 billion. ADNOC is selling roughly 3 billion shares in its gas business, equivalent to about 4% of its issued share capital. At the top of the range, ADNOC would raise roughly $2 billion from the sale, according to Reuters calculations. Over the past two years, ADNOC has listed petrochemicals company Borouge (BOROUGE.AD), fertilisers and clean ammonia products maker Fertiglobe (FERTIGLOBE.AD), and ADNOC Drilling (ADNOCDRILL.AD).
How Budweiser Tackled a Beer-Free World Cup
  + stars: | 2023-02-09 | by ( Katie Deighton | ) www.wsj.com   time to read: +9 min
In the end, the brewer found a way to navigate the World Cup beer-free and roll with the media attention that the alcohol ban generated. Soccer’s 2022 FIFA World Cup in Qatar ran from Nov. 20 to Dec. 18. World Cup sponsors Kia and Adidas similarly maintained their reputational scores, according to the Morning Consult data. Budweiser doesn’t pay a reported $75 million for the official beer sponsorship of the World Cup just to serve beer at stadiums. But the ban on alcoholic Budweiser undermined the impetus for being at the World Cup, Mr. Marcondes said.
A fixed $266 each way (1000 Saudi riyals), or $532 for the round-trip, with a maximum of three passengers per taxi. Bassel Al Nahlaoui, Careem's managing director for mobility, thinks so. To this end, contingencies have also been put in place if riders or drivers face problems or unruly behavior, Al Nahlaoui said. In case the drivers themselves face trouble from passengers, "our captains have the same access to care that our customers have," Al Nahlaoui said. Al Nahlaoui says he hopes this won't be the case this time, and that the company has amply prepared for the massive influx of people.
It will be a historic event, the first World Cup to be held in the Middle East, but one also mired in controversy. He had dreamed of watching World Cup matches from the rooftop of the hotel he had helped build. In Qatar, migrant workers can now change jobs freely without permission from their employer. However, a number of European federations have issued a joint statement saying they would campaign at the tournament on human rights and for a migrant workers center and a compensation fund for migrant workers. The motto for Qatar’s bid team in 2010 was ‘Expect Amazing.’ In many ways, this year’s World Cup has replicated that maxim.
A helicopter flies over the downtown skyline, amid the coronavirus disease (COVID-19) outbreak, as seen from the Cleveland Clinic hospital in Abu Dhabi, United Arab Emirates, April 20, 2020. ADQ, the smallest of Abu Dhabi's three main sovereign wealth funds, began in 2018 as a vehicle for holding state assets. ADQ and the UAE foreign ministry did not respond to emailed requests for comment. Among recent deals, ADQ launched a $300 million technology fund in March with Turkey's sovereign wealth fund to invest in venture capital funds and opportunities inside Turkey. "They are the ones that promote UAE economic diplomacy, its regional and global influence," he said.
CNN —The curse of “Stranger Things” means every sci-fi/macabre concept involving teenagers will seemingly have its day on TV, with “The Midnight Club” as the latest example. The diverse makeup of the key group and approach to things like LGBTQ rights give “Midnight Club” a contemporary feel, despite its foundation in the past. As for the broader secrets, “Midnight Club” is in no hurry to disgorge those, perhaps hoping curiosity will pull viewers into a second season. Stranger things have happened, but if not, this could be the latest series in this genre that struggles to keep the midnight oil burning. “The Midnight Club” premieres October 7 on Netflix.
Flags of United Arab Emirates and Israel flutter during Israel's National Day ceremony at Expo 2020 Dubai, in Dubai, United Arab Emirates, January 31, 2022. REUTERS/Christopher Pike/DUBAI/NEW YORK, Sept 22 (Reuters) - Israel has agreed to sell an advanced air defence system to the United Arab Emirates, two sources familiar with the matter said, in the first such known deal between them since they forged ties in 2020. The deal reinforces how, for some Arab states, resolving the decades-long Israel-Palestinian conflict has now been overshadowed by national priorities, such as security and the economy. President Isaac Herzog, visiting the UAE in January when an intercepted strike took place, said Israel supported the UAE's security needs. Israel and the UAE this year signed a free trade deal; Israel's first with an Arab state.
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