@rakteem

Middle East Energy and Commodities Team Leader for Bloomberg News. Dubai via London and India. RTs just that. views my own. [email protected]

 Dubai
bloomberg.com
Joined April 2010
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  • Followers1.6K
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Torrential rains across the UAE prompted flight cancellations, forced schools to shut and brought traffic to a standstill bloomberg.com/news/articles/…

Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding

Torrential rains across the United Arab Emirates prompted flight cancellations, forced schools to shut and brought traffic to a standstill.

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Rakteem Katakey retweeted
Paul Wallace@PaulWallace1235 Apr 2024
#SaudiArabia scales back its ambitions for #Neom, the biggest of MBS’s megaprojects. By 2030, the government at one point hoped to have 1.5 million residents in The Line. Now, officials expect the figure to be under 300,000. bloomberg.com/news/articles/… @ZainabFattah @MattMartin128

Saudis Scale Back Ambition for $1.5 Trillion Desert Project Neom

Saudi Arabia has scaled back its medium-term ambitions for the desert development of Neom, the biggest project within Crown Prince Mohammed bin Salman’s plans for diversifying the oil-dependent...

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Salvage crew climbing up a fire-ravaged ship lined with barbed wire. A French naval vessel fighting off drones. This is what it takes to rescue a Houthi-hit ship bloomberg.com/news/articles/… | By @V_Ratcliffe

Houthi Ravaged Ship Was Caught Between Combat Drones and Pirates

A salvage crew climbing up a fire-ravaged ship lined with barbed wire. A French naval vessel fighting off combat drones. And seafarers navigating through the looming risks of encountering Somali...

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Anthony DiPaola@A_DiPaola1725 Mar 2024
For many in Cairo, a mammoth international aid package for #Egypt lays bare just how far the biggest Arab nation has fallen by @S_Elwardany bloomberg.com/news/features/… via @economics

Egypt’s $50 Billion Rescue Betrays Depth of Its Economic Crisis

From selling meat in grams to buying fruit by the piece, Egyptians are bracing for more hardship as prices keep rising after another currency devaluation.

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Nayla Razzouk@nayrazz20 Feb 2024
LATEST: #Egypt is betting that an agreement with the IMF to resolve a foreign currency crisis will help it settle money owed to foreign #oil companies bloomberg.com/news/articles/… via @markets @S_Elwardany @rakteem

Egypt Bets on IMF Deal to Settle Its Dues to Foreign Oil Firms

Egypt is betting that an agreement with the International Monetary Fund to resolve a foreign currency crisis will help it settle dues it has run up with foreign oil companies.

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Cash for Vitol Bribes Was Handed Over in Houston Parking Lot bloomberg.com/news/articles/… via @business

Cash for Vitol Bribes Was Handed Over in Houston Parking Lot

Thousands of dollars in bribe payments from oil trader Vitol Group were handed over to a Mexican oil official in a Houston parking lot, a federal jury in Brooklyn, New York, heard on Monday.

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Bloomberg
@business7 Feb 2024
Qatar agrees to reduce liquefied natural gas prices in a long-term contract with Indian company Petronet LNG, part of a wider effort by the Persian Gulf producer to lock-in customers for its massive output expansion trib.al/UxKftv5
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The capture of a Libyan tanker in Albanian waters opened a window on a $5 billion trade in smuggled fuel — much of it coming from Russia. bloomberg.com/features/2024-… | By @oanhha

The $5 Billion in Fuel Smuggled Out of Libya Is a Boon for Russia

The capture of a Libyan tanker in Albanian waters opened a window on a $5 billion trade in smuggled fuel — much of it coming from Russia.

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A Conversation About Middle East Boycotts Hitting Global Brands omny.fm/shows/bloomberg-talk… | @S_Elwardany and @LeenAlRashdan

A Conversation About Middle East Boycotts Hitting Global Brands -...

Many shoppers in the Middle East, as well as in Muslim nations like Pakistan are shunning big foreign brands, driven by a wellspring of anger against Western countries for their support of Israel...

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Here's the story in print Many consumers in the Middle East are shunning foreign brands -- like Starbucks, Coke and McDonald's -- as the repercussions from the Israel-Hamas war continue to spread. It's a boon for local rivals bloomberg.com/news/features/…

Starbucks, Coke Boycotts Over Gaza War Are Boosting Middle East Rivals

Many consumers are shunning foreign brands as the Israel-Hamas conflict’s repercussions spread.

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Saudi Aramco, the world’s largest oil company, is continuing to send tanker loads of crude and fuels through the southern Red Sea bloomberg.com/news/articles/… | by @MattMartin128 and @A_DiPaola17

Saudi Keeps Sending Oil Through Houthi-Menaced Red Sea

Saudi Aramco, the world’s largest oil company, is continuing to send tanker loads of crude and fuels through the southern Red Sea, where Houthi militants have for months been menacing merchant ships...

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Saudi Aramco is seeking deals in refining and chemicals in Asia as it looks to rapidly expand the business and secure long-term buyers for its crude bloomberg.com/news/articles/… | By @MattMartin128

Aramco Hunts for Asia Deals to Boost Refining and Chemicals

Saudi Aramco, the world’s biggest oil exporter, is seeking refining and chemicals deals in Asia as it looks to rapidly expand the business and secure long-term buyers for its crude.

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The US and UK were set to impose coordinated sanctions on the Houthi in Yemen, a fresh bid to crimp the group’s finances following repeated attacks on ships passing through the Red Sea bloomberg.com/news/articles/…

US, UK Set to Impose New Houthi Sanctions Over Red Sea Attacks

The US and UK imposed sanctions Thursday on four senior Houthi militants as the Iran-backed group continues its attacks on vessels passing through the Red Sea.

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Qatar, one of the world’s biggest LNG exporters, is delaying some shipments to Europe as conflict in the Red Sea forces longer voyages bloomberg.com/news/articles/… | By @SStapczynski and @ruthcoverslng

Qatar Delays LNG Shipments to Europe Amid Red Sea Conflict

Qatar, one of the world’s biggest liquefied natural gas exporters, is delaying some shipments to Europe as the crisis in the Red Sea forces longer travel times.

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The major wave of LNG facilities coming online starting this year will reshape the energy landscape for decades bloomberg.com/news/features/… | By @SStapczynski @ruthcoverslng @a_shiryaevskaya

A $290 Billion Investment Cements Natural Gas’s Relevance for Decades

The biggest wave ever of liquefied natural gas megaprojects is about to ramp up as the sector bets on its place in the clean-energy transition.

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Firsthand accounts of the terrifying, dayslong journey through the Red Sea, where Houthi militants are waging war on commercial vessels bloomberg.com/news/articles/… | @aaronaclark1 @JWittels

On Board a Ship Sailing the World’s Most Dangerous Shipping Lane

Even at top speed, the journey through one of the world’s main shipping lanes is lengthy and terrifying.

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If history is a guide, the second year of an El Niño is usually warmer than the first. That means this year could be even hotter than record-breaking 2023 bloomberg.com/news/features/… via @climate

Scientists Are Already Bracing for Record-Breaking Heat in 2024

If history is any guide, the second year of an El Niño is usually warmer than the first.

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The UAE will stick by its decision to establish warmer relations with Israel even as the war in Gaza leaves Arab governments under mounting pressure to sever ties bloomberg.com/news/articles/… | By @ZainabFattah

UAE Pledges Maintaining Israel Ties Amid War Against Hamas

The United Arab Emirates will stick by its decision to establish warmer relations with Israel even as the Jewish state’s war against militant group Hamas leaves Arab governments under mounting...

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London faces the prospect of taps running dry in the coming decades. Thames Water says the answer is a huge £2.4bn reservoir. But opponents say they just need to fix the leaks, while the utilities finances are coming under growing scrutiny. Read more below bloomberg.com/news/features/…
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Russian billionaire Andrey Melnichenko has a plan to stem emissions from the thawing Siberian permafrost: recreate a time when woolly mammoths roamed the tundra bloomberg.com/news/articles/… via @climate

Russian Billionaire Uses COP to Push Revival of Woolly Mammoths

Andrey Melnichenko, a Russian billionaire who made a fortune in coal and fertilizer then found himself sanctioned after the invasion of Ukraine, now has a plan to stem methane emissions from the...

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