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— - 1 Stockdale - 1 Spruance - 1 Pat Ryder - 1 Sea Ryder - 1 Abraham Lincoln - 1 Arleigh Burke - 1 ENS Abu Qir - 1
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Search resuls for: "Abu Qir"


6 mentions found


☆ Two arrested in Egypt after attempting to steal hundreds of ancient artifacts from the bottom of the sea
  + stars: | 2024-12-24 | by ( Catherine Nicholls | Mostafa Salem | ) edition.cnn.com   time to read: +1 min
CNN —Egyptian authorities have arrested two men for attempting to steal hundreds of ancient artifacts from the bottom of the sea, the country’s interior ministry said in a Monday statement. The men took the artifacts from the sea floor of Abu Qir Bay, near the port city of Alexandria, the ministry said. When confronted by authorities, the men said that had planned to traffic the items, according to the ministry. Egyptian authorities said that nearly 450 objects had been seized, including ancient coins and statue heads. Egyptian Interior MinistryPhotographs released by Egypt’s interior ministry show the items after they were seized.
Organizations: CNN, Ministry Locations: Abu Qir, Alexandria
☆ US Navy destroyers unscathed after fighting off a complex attack of cruise and ballistic missiles and exploding drones
  + stars: | 2024-11-12 | by ( Jake Epstein | ) www.businessinsider.com   time to read: +4 min
Two US Navy destroyers came under attack by the Houthis on Monday. The destroyers USS Stockdale and USS Spruance came under fire as they were transiting the Bab al-Mandab Strait, a strategic maritime chokepoint between the Red Sea and the Gulf of Aden. The Navy repelled multiple Houthi attacks involving at least three anti-ship cruise missiles, five anti-ship ballistic missiles, and eight one-way attack drones, Pentagon Press Secretary Air Force Maj. Gen. Pat Ryder told reporters at a press briefing Tuesday. Earlier, the Houthis said they attacked the aircraft carrier USS Abraham Lincoln in the Arabian Sea and two unnamed American destroyers in the Red Sea. The attack against the destroyers on Monday marks the latest Houthi attack on Navy warships off the coast of Yemen.
Persons: —, Stockdale, Spruance, Pat Ryder, Sea Ryder, Abraham Lincoln, Arleigh Burke, ENS Abu Qir, Ryder, Lincoln, 8Y4yqsAepd, Michael Erik Kurilla Organizations: US Navy, Pentagon, Service, Navy, Pentagon Press, Air Force, Sea, Egyptian Navy, . US Navy, Lincoln, US, Command, Aircraft, U.S . Central Command Locations: Iran, Yemen, Mandab, Aden, Red, Egyptian Navy El Suez, U.S, Gulf of Aden, Israel, Syria
☆ Gulf stocks mixed amid rate hike woes; Egypt outperforms
  + stars: | 2023-09-24 | by ( Shamsuddin Mohd | ) www.reuters.com   time to read: +1 min
The Qatari benchmark stock index (.QSI) fell 0.3%, dragged down by almost all the sectors with financials leading the declines. Qatar National Bank (QNBK.QA), the Gulf's biggest lender, was down 0.7% while heavyweight Commercial Bank (COMB.QA) dropped 1.3%. Kuwait's premier market index (.BKP) fell 1.6%, its 7th consecutive session of losses, as most of its constituents were in negative territory. Outside the Gulf, Egypt's blue-chip index (.EGX30), closed up 0.6%, hitting an all-time high. Reporting by Shamsuddin Mohd in Bengaluru; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Persons: Shamsuddin, Emelia Sithole Organizations: Federal, Gulf Cooperation, greenback, Qatar National Bank, Commercial Bank, Chemical Industries, Misr Fertilizer, Stock, UAE bourse, Thomson Locations: Abu, Saudi Arabia, UAE, Bengaluru
☆ Gulf stocks rise on hope of slower Fed rate hikes
  + stars: | 2023-01-29 | by ( Md Manzer Hussain | ) www.reuters.com   time to read: +2 min
Jan 29 (Reuters) - Stock markets in the Gulf ended higher on Sunday after cooling U.S. inflation lifted expectations the Federal Reserve would slow its pace of interest rate hikes. Saudi Arabia's benchmark index (.TASI) rose 0.2%, supported by gains in financial and energy sector stocks. The Qatari Stock index (.QSI) rose 0.4%, with most of its constituent stocks in positive territory. The bank reported Tuesday a more than 22% rise in FY net profit, beating analyst's expectations. Outside the Gulf, Egypt's blue-chip index (.EGX30) surged 3.7%, its highest intraday rise since November.
☆ Gulf shares start new year in upbeat mood, Egypt outperforms
  + stars: | 2023-01-02 | by ( Shamsuddin Mohd | ) www.reuters.com   time to read: +3 min
Jan 2 (Reuters) - Most major Gulf equities got off to a good 2023 start on Monday, with Egypt outperforming regional peers, as investors shrugged off concerns about a potential recession, crude oil demand and the U.S. Fed hiking rates further. Crude prices, which are highly correlated with Gulf financial markets, swung wildly in 2022 and are expected to remain under pressure in 2023. Abu Dhabi's index (.FTFADGI) advanced 0.4% on Monday, bolstered by a 0.6% increase in the country's largest lender First Abu Dhabi Bank (FAB.AD). The Qatari index last year posted its first annual loss since 2017, dropping 8.1% in 2022. Outside the Gulf, Egypt's blue-chip index (.EGX30) closed 2.5% higher, with Commercial International Bank Egypt (COMI.CA) climbing 3.1% while Abu Qir Fertilizers And Chemical Industries (ABUK.CA) was up 5.2%.
☆ Saudi, Qatar indexes extend losses on weak oil, Egypt up
  + stars: | 2022-11-27 | by ( Shamsuddin Mohd | ) www.reuters.com   time to read: +2 min
Nov 27 (Reuters) - Saudi Arabia and Qatar stock markets closed lower on Sunday, as uncertainties in oil prices amid Chinese COVID-19 curbs and haggling over a cap on Russian oil prices, weighed on investors' sentiments, although Egypt rose, bucking the trend. Saudi Arabia's benchmark index (.TASI) fell 1.3%, with Al Rajhi Bank (1120.SE) retreating 1.2%, while Sabic Agri-Nutrients (2020.SE) was down 3.9%. Separately, Saudi oil behemoth Aramco's (2222.SE) base oil subsidiary, Luberef, has received the approval from the kingdom's stock market regulator for an initial public offering, the Capital Market Authority said on Thursday. The Qatari index (.QSI) also dropped 1.1%, extending losses from previous session, led by its financial stocks with Qatar Islamic Bank (QISB.QA) and Commercial Bank Qatar (COMB.QA) plunging 1.9% and 2.1% respectively. "Egyptian stock market, supported by the large trading volumes by local investors, continue to maintain its strong performance" added Takieddine.
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