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☆ 2024 Formula One season: How to watch the Bahrain Grand Prix and the biggest storylines to look out for this year
▼ + stars: | 2024-02-29 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +11 min

The 2024 campaign will be the longest F1 season in history, featuring 24 race weekends. How to watch the season opener in BahrainThe 2024 season starts with the Bahrain Grand Prix after three days of testing in the Middle Eastern nation last week. Red Bull’s 2023 F1 season was the most dominant of all time. He was eventually cleared of any wrongdoing by the investigation, the team’s parent company, Red Bull GMBH, announced on Wednesday. Albon has bounced back from a disappointing spell at Red Bull in 2020 and is now a highly-sought after driver.

Persons: Max Verstappen, Lewis Hamilton’s, Hamilton, “ It’s, ” Hamilton, Mercedes, Will Buxton, Carlos Sainz, “, Hamad I Mohammed, Bull, Red Bull, Mercedes ’, George Russell, Verstappen, Max, hasn’t, he’s, Lawrence Barretto, ” Verstappen, Clive Rose, we’ve, Christian Horner, Horner, “ I’m, ” Horner, Ferrari, Russell, Charles Leclerc, Alex Albon, Williams, Lando Norris, Oscar Piastri, Fernando Alonso, Aston Martin, Kimi Antonelli, Sainz, Carla Carniel, Sergio Pérez, Daniel Ricciardo –, Red Bull’s, –, Aston, Haas, Albon, James Vowles, Mark Thompson, McLaren, Piastri, Norris, Dan Istitene, Alonso, Lance, Lawrence, Patrick Mahomes, Travis Kelce –, Pierre Gasly, Esteban Ocon Organizations: CNN, Bahrain, Circuit, Red Bull Racing, Prix, ESPN, Qualifying, Saudi, Mercedes, Ferrari, PETRONAS F1 Team, Scuderia Ferrari, Arrows, Reuters, Constructors, CNN Sport, Red Bull GMBH, Sky Sports, “, McLaren, Silver Arrows, Bulls, Sauber, Team, Red Bull, Getty, Aston Martin’s, Kansas City Chiefs Locations: Bahrain, British, Jeddah, Saudi Arabia, Abu Dhabi, Red, Aston Martin, Thai, –

☆ Most Gulf markets in the red on falling oil prices
▼ + stars: | 2023-11-26 | by ( Ateeq Shariff | ) www.reuters.com time to read: +1 min

A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed/File Photo Acquire Licensing RightsNov 26 (Reuters) - 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 trade higher. Oil - a catalyst for the Gulf's financial markets - fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium. Outside the Gulf, Egypt's blue-chip index (.EGX30) declined 0.8%, with top lender Commercial International Bank (COMI.CA) losing 2%. Saudi Arabia's benchmark index (.TASI) edged 0.1% higher, ending two sessions of losses, helped by a 1.2% rise in Elm Company (7203.SE).

Persons: Joe Biden, Hamad I Mohammed, Ateeq, Louise Heavens Organizations: Bahrain Bourse, U.S, REUTERS, Stock, Qatar Islamic Bank, Industries Qatar, Commercial International Bank, Elm Company, Thomson Locations: Bahrain, Manama, Saudi, Gaza, Qatar, OPEC, Saudi Arabia, Ateeq Shariff, Bengaluru

☆ Bahrain seeks to balance anger over Gaza with ties to Israel, US
▼ + stars: | 2023-11-24 | by ( Alexander Cornwell | ) www.reuters.com time to read: +7 min

The deal to normalise ties with Israel, signed in 2020 by Bahrain when Donald Trump was president, brought few business benefits to Bahrain, unlike those it offered United Arab Emirates, a regional commercial hub which signed at the same time. Six sources familiar with the matter told Reuters Bahrain would not abandon its ties with Israel, even though parliament - a body that remains subservient to the monarchy - has made a strident statement suggesting Israel relations were in the freezer. Bahrain is trying to preserve the relationship with Israel while also managing public opinion, one of the sources said. "They can't abandon normalisation with Israel without endangering this whole strategic framework," said Kristin Smith Diwan, a researcher at the Arab Gulf States Institute in Washington. The sources said the public confusion over relations with Israel appeared to have eased pressure on the government in its efforts to balance domestic outrage and ties with Israel.

Persons: Hamad I Mohammed, Donald Trump, Kristin Smith Diwan, Abraham, Israel, Mamdooh Al Saleh, Smith, Tobias Lindner, Alexander Cornwell, Maha El, Ari Rabinovitch, Dan Williams, Michael Georgy, William Maclean Organizations: Hamas, REUTERS, Rare, U.S . Navy Fifth Fleet, United, Reuters, Gulf States Institute, Bahraini, Abraham, Islamic, Abraham Accords, Thomson Locations: Israel, Palestinian, Muharraq, Bahrain, MANAMA, Gaza, Gulf, United States, Iran, Manama, United Arab Emirates, Reuters Bahrain, Washington, UAE, Saudi Arabia, Bahraini, Jerusalem, Bahrainis, Tehran, Islamic Republic, East, U.S, Kingdom of Bahrain, Maha El Dahan, Dubai

☆ S&P revises Bahrain's outlook to 'stable' on fiscal deficit worries
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

General view of Bahrain World Trade Center is seen during early evening hours in Manama, Bahrain, May 2, 2020. REUTERS/Hamad I Mohammed/File Photo Acquire Licensing RightsNov 24 (Reuters) - S&P Global Ratings on Friday revised Bahrain's outlook to "stable" from "positive", citing spending pressures that could push the country's fiscal deficit wider than the credit ratings agency previously expected. "We expect the government will reinvigorate reforms to consolidate its fiscal position, largely via increasing non-oil revenue through 2026," it said in a statement. The agency now projects fiscal deficits of 3% to 4% of Bahrain's GDP over 2023-26, compared with 2% to 3% in its previous review. S&P peer Fitch affirmed Bahrain at 'B+' with stable outlook in July, while Moody's changed Bahrain's outlook to stable from negative and affirmed B2 ratings in April last year.

Persons: Hamad I Mohammed, Fitch, Moody's, Vedant Vinayak Vichare, Devika Syamnath, Arun Koyyur Organizations: Bahrain World Trade, REUTERS, Navy's, Thomson Locations: Bahrain, Manama, Bengaluru

☆ Gulf bourses mixed as China pessimism offsets higher oil prices
▼ + stars: | 2023-11-12 | by ( Md Manzer Hussain | ) www.reuters.com time to read: +1 min

REUTERS/Hamad I Mohammed/ File Photo Acquire Licensing RightsNov 12 (Reuters) - Gulf stock markets put in a mixed performance on Sunday as higher oil prices were offset by worries of faltering demand from China, the world's top crude importer. Oil prices - a major driver of Gulf financial markets - rose about 2% on Friday as Iraq voiced support for OPEC+ oil cuts ahead of a meeting of the group on Nov. 26. The retailer reported a third-quarter net loss of 202.9 million riyals ($54.1 million) compared to a net profit of 21.1 million riyals a year earlier. Outside the Gulf, Egypt's blue-chip index (.EGX30) fell 1.7%, with Commercial International Bank (COMI.CA) down 2.5% and Misr Fertilizer (MFPC.CA) losing 4.6%. However, Credit Agricole Egypt (CIEB.CA) gained 3.7% as the lender reported a 121% jump in third quarter consolidated net profit.

Persons: Joe Biden, Hamad I Mohammed, Brent, Masraf Al Rayan, Fawaz Abdulaziz Alhokair Co, Md Manzer Hussain, Kirsten Donovan Organizations: Bahrain Bourse, U.S, REUTERS, OPEC, Qatar, Saudi Telecom, Human Resources, Commercial International Bank, Misr, Agricole Egypt, Thomson Locations: Bahrain, Manama, China, Iraq, Saudi

☆ Most Gulf markets end higher after US job market softens
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +2 min

A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. Most Gulf Cooperation Council countries, including the UAE, peg their currencies to the U.S. dollar and follow the Fed's policy moves closely. Saudi Arabia's benchmark index (.TASI) gained 0.8%, with oil giant Saudi Aramco (2222.SE) rising 0.5% and Lumi Rental Co (4262.SE) finishing 1.7% higher. Outside the Gulf, Egypt's blue-chip index (.EGX30) closed 2% higher, led by a 2.1% rise in Commercial International Bank (COMI.CA). On Friday, the lender reported third-quarter net income of 8.35 billion Egyptian pounds ($270.66 million), up 89% year-on-year.

Persons: Joe Biden, Hamad I Mohammed, Detroit's, Jerome Powell, Ateeq, David Goodman, Sharon Singleton Organizations: Bahrain Bourse, U.S, REUTERS, Federal, United Auto Workers, UAW, Gulf Cooperation, U.S ., Saudi Aramco, Lumi, Reuters, Industries Qatar, Commercial International Bank, Thomson Locations: Bahrain, Manama, U.S, Gulf, UAE, Saudi, Ateeq Shariff, Bengaluru

☆ Saudi mega-city NEOM sets up $10 bln JV with Denmark's DSV
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

General view of NEOM in northwestern Saudi Arabia, January 11, 2021. REUTERS/Hamad I Mohammed/File photo Acquire Licensing RightsDUBAI, Oct 24 (Reuters) - Saudi Arabia's $500 billion flagship project NEOM on Tuesday set up a $10 billion joint venture (JV) with Denmark's DSV (DSV.CO), the world's third-largest freight forwarder, they said in a joint statement. "The partnership will focus on providing logistics services for NEOM in the coming years," the statement said, adding NEOM will hold 51% of the joint venture and DSV 49%. "The joint venture will provide end-to-end supply chain management, development and investments in transport and logistics assets and infrastructure as well as transport and delivery of goods and materials within NEOM," the companies said. The kingdom's sovereign wealth fund, the Public Investment Fund, is the cornerstone investor in NEOM, a 26,500-square-km (10,230-square-mile) high-tech development on the Red Sea.

Persons: Hamad I Mohammed, Saudi Arabia's Crown Prince Mohammed bin Salman, Yousef Saba, Jason Neely Organizations: REUTERS, Rights, Denmark's, Saudi Arabia's Crown, NEOM, Public Investment Fund, Thomson Locations: Saudi Arabia, Rights DUBAI, Saudi, NEOM

☆ Gulf bourses drop amid hawkish Fed tone, Mideast conflict
▼ + stars: | 2023-10-22 | by ( Md Manzer Hussain | ) www.reuters.com time to read: +2 min

REUTERS/Hamad I Mohammed/File photo Acquire Licensing RightsOct 22 (Reuters) - Stock markets in the Gulf fell on Sunday amid warnings of possible further interest rate hikes from the U.S Federal Reserve, and worries of escalation in the Middle East conflict. Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by Fed policy decisions because most regional currencies are pegged to the U.S. dollar. Saudi Arabia's benchmark index (.TASI) was down for a third consecutive session, ending 1.5% lower, with all sectors in the red. Elm Company (7203.SE) dropped 2.3%, while Al Rajhi Bank (1120.SE), the world's largest Islamic bank by assets, slipped 2.1%. The Qatari index (.QSI) fell for a fifth straight session, ending 0.9% lower, with Industries Qatar (IQCD.QA) dropping 2.2% and Qatar Navigation (QNNC.QA) sliding 3%.

Persons: Joe Biden, Hamad I Mohammed, Jerome Powell, Talaat Mostafa, Md Manzer Hussain, David Holmes Organizations: Bahrain Bourse, U.S, REUTERS, Stock, U.S Federal Reserve, Gulf Cooperation Council, U.S ., Elm Company, Al Rajhi Bank, Industries Qatar, Qatar Navigation, Qatar National Bank, Eastern Co, Gaza, Thomson Locations: Bahrain, Manama, Saudi, Israel, Lebanon, Syria

☆ FIA 'revisiting' Hamilton track-crossing incident in Qatar
▼ + stars: | 2023-10-15 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

The governing body said on Sunday it was 'revisiting' the incident. "The FIA notes that Lewis was apologetic during the subsequent stewards hearing into the incident and acknowledged that the crossing was a serious safety breach," said a statement. "However, in view of his role model status, the FIA is concerned about the impression his actions may have created on younger drivers." The stewards report at the time said Hamilton had reached the inside edge of the track just seconds before Russell arrived at high speed after exiting the pits. The governing body is likely to want to set clearer guidelines and more stringent penalties for such a breach in future.

Persons: Mercedes, Lewis Hamilton, Hamad I Mohammed, Lewis, George Russell, Hamilton, Russell, Joe Turney, Tom Pryce, Alan Baldwin, Christian Radnedge Organizations: Qatar, Mercedes, Briton, FIA, Kyalami, Thomson Locations: Lusail, Qatar, Hamilton, Italy

☆ What to know about Saturday's 'ring of fire' solar eclipse
▼ + stars: | 2023-10-13 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

People take photos with their smartphones as they monitor the annular solar eclipse on Jabal Arba (Four Mountains) in Hofuf, in the Eastern Province of Saudi Arabia, December 26, 2019. WHAT IS AN ANNULAR SOLAR ECLIPSE? The one that will occur on Saturday is a type called an "annular solar eclipse." It does not completely obscure the face of the sun, unlike in a total solar eclipse. They advise using safe solar viewing glasses or a safe handheld solar viewer at all times during an annular solar eclipse, noting that regular sunglasses are not safe for viewing the sun.

Persons: Hamad I Mohammed, Will Dunham, Rosalba O'Brien Organizations: REUTERS, Rights, NASA, Thomson Locations: Arba, Hofuf, Eastern Province of Saudi Arabia, Americas, United States, Mexico, Central America, South America, Canada, Oregon, California , Nevada , Utah , Arizona, New Mexico, Texas, Guatemala, Belize, Honduras, Nicaragua, Panama, Colombia, Brazil, North America

☆ Red Bull 'desperately' need Perez to find his form - Horner
▼ + stars: | 2023-10-10 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

The next three races are in Texas, Mexico and Brazil where Perez can count on strong support as the only Latin American driver. "I think we really need to sit down with Checo (Perez)because we know what he’s capable of and he’s not hitting that form at the moment," Horner told reporters. "We desperately need him to find that form to keep this second place in the championship. Perez and Verstappen were level 2-2 on wins until Miami, when Verstappen started a run of 10 wins in a row. We’ve done that and the next best thing after that would be to have both your drivers first and second," said Horner.

Persons: Sergio Perez, Hamad I Mohammed, Bull, Christian Horner, Perez, Max Verstappen, Mercedes, Lewis Hamilton, Checo, he’s, Horner, Verstappen, Red, McLaren, it’s, Red Bull, Daniel Ricciardo, Alan Baldwin, Toby Davis Organizations: Qatar, REUTERS, Formula, Miami, Mercedes, Ferrari, Thomson Locations: Lusail, Qatar, Texas, Mexico, Brazil

☆ Verstappen adds race win to Qatar title weekend
▼ + stars: | 2023-10-08 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

But pace was OK. Another win, unbelievable," said Verstappen, who finished 4.8 seconds clear of Piastri. The relatively slim gap flattered the Australian, with Verstappen never looking like he was under any pressure and also setting fastest lap. Verstappen, now 209 points clear of Perez at the top of the standings, led cleanly from pole position and raced away unchallenged. After that I could just manage my pace and make sure that the tyres were always in a good window," Verstappen said. Four drivers collected time penalties for repeated track limits violations -- Perez, Aston Martin's Lance Stroll, Alpine's Pierre Gasly and Williams' Alex Albon.

Persons: Max Verstappen, Red Bull, Hamad, Mohammed, Piastri, Norris Mercedes, Bull, Oscar Piastri, Lando Norris, Verstappen, Christian Horner, Ferrari's Carlos Sainz, Mercedes, George Russell, Lewis Hamilton, Hamilton, Russell, Ferrari's Charles Leclerc, Aston Martin's Fernando Alonso, Esteban Ocon, Alfa Romeo, Guanyu Zhou, Red Bull's Sergio Perez, Perez, Aston, Lance, Pierre Gasly, Williams, Alex Albon, Albon, Alan Baldwin, Ed Osmond Organizations: Qatar, McLaren, Pirelli, Alfa, Thomson Locations: Lusail, Qatar, DOHA, Singapore

☆ Hamilton out as Mercedes team mates collide in Qatar
▼ + stars: | 2023-10-08 | by ( Alan Baldwin | ) www.reuters.com time to read: +1 min

Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - October 8, 2023 Mercedes' Lewis Hamilton in action as he crashes out of the race REUTERS/Hamad I Mohammed Acquire Licensing RightsDOHA, Oct 8 (Reuters) - Lewis Hamilton accused Mercedes team mate George Russell of taking him out of the Qatar Grand Prix after the two collided at the first corner of the opening lap on Sunday. Russell continued after a pitstop but Hamilton's car ended up in the gravel minus a rear wheel. "I got taken out by my own team mate," said the seven times Formula One world champion over the radio. What the ...," exclaimed Russell as he made his way back to the pits with the safety car deployed. Team boss Toto Wolff, who is not in Qatar due to recent knee surgery, then came on the radio to tell Russell to focus on the race.

Persons: Mercedes, Lewis Hamilton, Hamad, Mohammed, George Russell, Russell, Hamilton, I've, Toto Wolff, Ferrari, Carlos Sainz, Alan Baldwin, Ken Ferris Organizations: Qatar, Rights, Prix, Hamilton, Ferrari, Thomson Locations: Lusail, Qatar, Russell

NewMed shares were down 1.4% by 1050GMT. The panel, however, did not receive any other offers, according to several sources close to the matter. Once the panel concludes the negotiations, it will submit its recommendation to the NewMed board. BP, Adnoc and NewMed declined to comment. NewMed's shares have risen by over 50% since the March 28 announcement to around 11.50 NIS, but they still remain below the offer price of 12.05 shekels ($3.15).

Persons: Hamad, Mohammed, Abu, NewMed, Ron Bousso, Sharon Singleton Organizations: United, United Arab Emirates, REUTERS, BP, Abu, Abu Dhabi National Oil Co, 1050GMT, NewMed, Adnoc, ADNOC, Delek, Thomson Locations: Abu Dhabi, United Arab, Israel

☆ Most Gulf markets extend losses on profit-taking; Egypt gains
▼ + stars: | 2023-09-17 | by ( Ateeq Shariff | ) www.reuters.com time to read: +1 min

REUTERS/Hamad I Mohammed/File Photo Acquire Licensing RightsSept 17 (Reuters) - Most stock markets in the Gulf ended lower on Sunday as profit-taking continued, but the Egyptian index bucked the trend to trade at a record high. Saudi Arabia's benchmark index (.TASI) dropped 0.5%, weighed down by a 1.1% fall in Al Rajhi Bank (1120.SE) and a 1.7% decrease in Alinma Bank (1150.SE). In Qatar, the index (.QSI) extended losses for a third session. Outside the Gulf, Egypt's blue-chip index (.EGX30) gained 0.6%, hitting its record high, led by a 5.5% rise in Beltone Financial Holding (BTFH.CA). Reporting by Ateeq Shariff in Bengaluru Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Hamad I Mohammed, ADES, Ateeq, Christina Fincher Organizations: Bahrain Bourse, U.S, REUTERS, Saudi, Al Rajhi Bank, Alinma Bank, Beltone Financial, UAE's Global Investment Holding, Eastern Co, Thomson Locations: Bahrain, Manama, Al Rajhi, Qatar, Eastern, Ateeq Shariff, Bengaluru

☆ Bahrain activist al-Khawaja says airline denied her boarding to Manama
▼ + stars: | 2023-09-15 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +3 min

Human rights activist Maryam al-Khawaja flashes a "V" sign after being released outside the Airport Police Station, in Muharraq, north of Manama September 18, 2014. Maryam al-Khawaja said she was told at a British Airways' counter at Heathrow Airport that she was not allowed to board her flight and should contact Bahraini immigration authorities. "Effectively we are being denied boarding by British Airways on behalf of the Bahraini government," she said in a video taken in British Airways' check-in area, and posted on X, formerly called Twitter. British Airways did not immediately respond to request for comment. Abdulhadi al-Khawaja, also a Danish citizen, is a former president of the Bahrain Centre for Human Rights and is serving a life sentence for his role in Bahrain's pro-democracy protests in 2011.

Persons: Maryam al, Khawaja, Hamad, Mohammed, Abdulhadi al, Maryam, General Agnes Callamard, Olive Moore, Maryam Al, Zainab, Mary Lawlor, Abduljalil, Naji Fateel, " Lawlor, Abdulhadi, Al Khalifa, Aziz El Yaakoubi, Muvija M, Emma Farge, William Maclean, Mark Potter Organizations: Police, REUTERS, Rights, British Airways, Heathrow Airport, Bahraini, Reuters, Bahrain Centre for Human Rights, Amnesty International, Wednesday, Thomson Locations: Muharraq, Manama, Rights RIYADH, London, Gulf, Bahrain, Danish, Riyadh, Shi'ite Iran, Teheran

☆ Major Gulf bourses fall amid China gloom
▼ + stars: | 2023-09-03 | by ( Md Manzer Hussain | ) www.reuters.com time to read: +1 min

FILE PHOTO-Traders wait at the Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. The Qatari index (.QSI) fell for a third consecutive session, ending 0.1% lower, with most sectors in the red. Saudi Arabia's benchmark index (.TASI) was down 0.3%, with a 1.3% slump in oil giant Saudi Aramco (2222.SE). The world's biggest oil company is considering selling a stake worth as much as $50 billion, the Wall Street Journal reported on Friday. Outside the Gulf, Egypt's blue-chip index (.EGX30) dropped 0.8%, snapping its winning streak from the six previous sessions, with most sectors in the red.

Persons: Joe Biden, Hamad I Mohammed, Md Manzer Hussain, Hugh Lawson Organizations: Bahrain Bourse, U.S, REUTERS, Qatar National Bank, Commercial Bank, Saudi Aramco, Wall Street, Saudi Basic Industries, Saudi Iron and Steel Company, Public Investment Fund, International Bank, Thomson Locations: Bahrain, Manama, China, Saudi, El

☆ Dubai's DP World to invest $510 million in India's Gujarat state
▼ + stars: | 2023-08-25 | by ( Manoj Kumar | ) www.reuters.com time to read: +2 min

[1/2] General view of a stock yard of DP World's fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018. REUTERS/ Hamad I Mohammed Acquire Licensing RightsNEW DELHI, Aug 25 (Reuters) - Dubai-owned ports giant DP World [RIC:RIC:DPWRD.UL] will invest around $510 million to build a new container terminal at the Kandla port in the Indian state of Gujarat, its group chairman said on Friday. DP world, which operates in 73 countries, last week reported a nearly 10% fall in first-half profit to $651 million despite a 13.9% year-on-year rise in revenue to more than $9 billion. The new terminal will take the combined capacity to 8.19 million TEUs, a company statement said. DP World’s Indian port and terminal investments are aligned with the country's Vision 2047, which aims to quadruple port handling capacity and develop logistics infrastructure to boost economic growth, the statement said.

Persons: Hamad, Mohammed, Sultan Ahmed Bin Sulayem, Manoj Kumar, Kirsten Donovan Organizations: United Arab Emirates, REUTERS, DELHI, Deendayal Port Authority, DP, Hindustan Infralog Private, National Investment, Infrastructure Fund, Thomson Locations: Jebel Ali Port, Dubai, United Arab, Indian, Gujarat, India, Deendayal, Hindustan, Mumbai, Mundra, Cochin, Chennai

☆ Vasseur wary of commenting on Massa's legal claim
▼ + stars: | 2023-08-23 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Lawyers for Brazilian Massa last week notified Formula One chief executive Stefano Domenicali and Mohammed Ben Sulayem, president of the governing FIA, of the intent to claim compensation. An FIA spokesperson last week acknowledged receipt of "correspondence" from Massa's representatives and said the matter was under review. The scandal, widely known as 'Crashgate', did not emerge until a year later and led to Renault team bosses being banned. Vasseur said teams wanted to know the result of races at the chequered flag and not after the podium celebrations had happened. The Frenchman, who was Renault team boss in 2016, took over at Ferrari in January and was not in Formula One in 2008.

Persons: Driver Felipe Massa, Hamad I Mohammed, Fred Vasseur trod, Felipe Massa, Stefano Domenicali, Mohammed Ben Sulayem, Massa, Vasseur, Nelson Piquet's, Britain's Lewis Hamilton, insider.com, supremo Bernie Ecclestone, Max Mosley, Ecclestone, Mosley, Frenchman, Alan Baldwin, Lincoln Organizations: Saudi, Prix, Jeddah Corniche, Driver, Grand Prix REUTERS, Ferrari Formula, Brazilian Massa, Formula, FIA, Renault, McLaren, supremo, Reuters, Ferrari, One, Thomson Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Singapore

"Simply put, Mr Massa is the rightful 2008 Driver's Champion, and F1 and FIA deliberately ignored the misconduct that cheated him out of that title," said the letter. There was no immediate response from the FIA and Formula One, which is currently on an August shutdown. PIQUET CRASHMassa was leading the 2008 Singapore Grand Prix from pole position when fellow Brazilian Piquet crashed into the wall on lap 14 of 61. The lawyers' letter warned that, without a satisfactory response, Massa intended to "pursue legal action in order to seek compensation for the harm he has suffered." Massa did not win again after 2008, with the Brazilian suffering a near-fatal head injury at the 2009 Hungarian Grand Prix.

Persons: Driver Felipe Massa, Hamad, Mohammed, Massa, Ecclestone, Felipe Massa, Stefano Domenicali, Mohammed Ben Sulayem, Law, McLaren's Lewis Hamilton, Mr Massa, " Massa, supremo Bernie Ecclestone, Max Mosley, Nelson Piquet's, PIQUET, Piquet, Fernando Alonso, insider.com Ecclestone, Hamilton, Mosley, Charlie Whiting, Rory Carroll, Alan Baldwin, Ken Ferris Organizations: Saudi, Prix, Jeddah Corniche, Driver, Grand Prix REUTERS, FIA, Reuters, Formula, Formula One, F1, supremo, Renault, Briton, F1 supremo, Liberty Media, Thomson Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Paris, London, Singapore, Switzerland, Spanish

☆ Dubai rises on higher oil prices; FAB drags on Abu Dhabi
▼ + stars: | 2023-08-11 | by ( Shamsuddin Mohd | ) www.reuters.com time to read: +1 min

REUTERS/Hamad I Mohammed/File PhotoAug 11 (Reuters) - Stock markets in Dubai rose on Friday as upbeat demand growth forecasts from OPEC and the International Energy Agency (IEA) lifted oil prices, while lender FAB weighed on Abu Dhabi's index. In Dubai, the main share index (.DFMGI) added 0.4% after falling for four consecutive sessions. Emirates NBD Bank (ENBD.DU), Dubai's largest lender, rose more than 3% while toll operator Salik Company (SALIK.DU) was up 2% after reporting second quarter earnings. Emaar Properties (EMAR.DU), Dubai's largest listed real estate firm, was also up more than 0.7% the day after reporting second-quarter earnings. In Abu Dhabi, the benchmark index (.FTFADGI) dropped 0.3%, for a third negative session in a row, pressured by a 1.1% fall for the country's largest lender First Abu Dhabi Bank (FAB.AD) and a 1.6% drop in Alpha Dhabi Holding (ALPHADHABI.AD).

Persons: Hamad I Mohammed, Brent, Shamsuddin, Kirsten Donovan Organizations: Bahrain Bourse, REUTERS, Stock, International Energy Agency, FAB, IEA, Organization of Petroleum, Emirates NBD Bank, Salik, Abu Dhabi Bank, Alpha, Thomson Locations: Bahrain, Manama, Dubai, Abu Dhabi, Alpha Dhabi, Bengaluru

Soccer Football - Opening of 2023-2024 Saudi Pro League - Jeddah, Saudi Arabia - August 7, 2023 General view of the trophy at the opening of the Saudi Pro League Saudi Pro League Media Office/Handout via REUTERSAug 8 (Reuters) - The vast sums invested to entice some of the world's top players to Saudi Arabia this season is no one-off, but part of a long-term strategy to make the Saudi Pro League one of the best in the world, its chief operating officer has said. Soccer website Transfermarkt ranks the Saudi League as the fifth-biggest spender in the current transfer window, ahead of Spain's LaLiga. "One of the very first objectives that the Saudi Pro League was set was to improve the product. "We had to improve quality and in order to improve quality, you have to bring in the best. "What you're seeing is simply the Saudi Pro League doing what other leagues needed to do ... We have joined these ranks, and we're doing whatever it takes to improve quality on the pitch."

Persons: Carlo Nohra, Ballon, Karim Benzema, Jordan Henderson, Riyad Mahrez, Nassr, Cristiano Ronaldo, spender, Nohra, We've, we've, Al Ahmar, Shady Amir, Simon Jennings, Christian Organizations: Soccer, Saudi Pro League, Saudi Pro League Saudi Pro League Media, REUTERS, Reuters, Saudi, Liverpool, Manchester City, Al, Saudi League, Thomson Locations: Jeddah, Saudi Arabia, Real Madrid, Manchester, Spain's, Saudi

☆ ExodusPoint is on the comeback trail after a rocky 2022
▼ + stars: | 2023-03-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

It's the beginning of the month, which means a chance to see how the top hedge funds are performing. But the top dog among large multi-strategy hedge funds was ExodusPoint. Click here to check out the performance of top hedge funds like Citadel, Millennium, and Point72. Working on Wall Street is so bad this woman left to clean up crime scenes. Stacey Foyster detailed how after a decade on Wall Street in risk analysis, she opted for a career change.

☆ World Cup memorabilia proves a big draw for football fans in Qatar
▼ + stars: | 2022-12-09 | by ( Philip O'Connor | ) www.reuters.com time to read: +4 min

We moved back to Qatar but the love for collecting sports memorabilia stayed with me ever since," Esmael told Reuters, explaining the genesis of the collection. A former player for Qatar's national youth teams, Esmael saw the tournament as a perfect opportunity to share their collections with the world. "Me and my brother Khalid, who is also an avid World Cup memorabilia collector, organised a football collectibles exhibition at the Katara cultural village on the sidelines of the World Cup in Qatar." "I now have 150 match worn shirts and I focus mainly on World Cup shirts and European Championship shirts," Esmael says, adding that his favourite shirt is one from the former Yugoslavia that was worn by striker Davor Suker. Esmael says that the most valuable item they have is a 1978 World Cup winner's medal and that he sources most of his shirts through a company in the United Kingdom.

☆ Dark horses Denmark exit World Cup as attack fails to fire
▼ + stars: | 2022-11-30 | by ( Philip O'Connor | Daniel Wiessner | ) www.reuters.com time to read: +2 min

A scoreless draw with Tunisia and a 2-1 loss to France followed by a 1-0 defeat by Australia was a poor return from a side tipped to be Europe's dark horses in Qatar. They rattled in 30 goals in 10 World Cup qualifiers, winning nine straight games to book their spot in Qatar, but once they got there, the wheels came off as the rest of the world found ways to blunt their attacking weapons. Blessed with skill, vision and intelligence all over the pitch, what the Danes lacked most was a reliable goal-poaching striker, and it came back to haunt them. The Danes had plenty of possession, but their build-up play was ponderous and seldom incisive enough to create danger for their opponents. Reporting by Philip O'Connor; Editing by Hugh Lawson and Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

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