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☆ Saudi Aramco offers nearly $11.5 billion in new stock for sale
▼ + stars: | 2024-05-30 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Aramco will offer 1.545 billion shares in a price range between 26.70 and 29 Saudi riyals per share, according to a company filing. At the midpoint of that range, the sale would total nearly $11.5 billion. The sale represents a follow-on offering, after Aramco initially entered the public markets in 2019 and raised $29.4 billion in the world's largest ever initial public offering. Aramco lifted its base dividend for the fourth quarter to $20.3 billion, and boosted its performance-linked dividend to $10.8 billion. Saudi Arabia owns more than 82% of Aramco prior to the sale, the Wall Street Journal has reported.

Persons: Abdulaziz bin Salman, Prince Mohammed bin Salman, — CNBC's Spencer Kimball Organizations: Aramco, Plaza Conference, Saudi, Saudi Energy, Chevron, ExxonMobil, giga, Wall Street Locations: Dhahran, Saudi Arabia, Saudi Arabia's, Aramco, Riyadh, Saudi, Neom

☆ Saudi Aramco to reportedly sell $10 billion to $20 billion worth of shares in new offering
▼ + stars: | 2024-05-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Saudi Arabian state oil giant Aramco plans to offer a fresh sale of between $10 and $20 billion of its stock as soon as this week, the Wall Street Journal reported late Tuesday, citing individuals with knowledge of the matter. Aramco is the world's largest oil company in terms of both daily oil production and market cap. If the offering goes ahead, it would relieve some financial pressure on the kingdom, at least in the near-term, the Journal reported. Saudi Arabia in May forecast a budget deficit of 79 billion Saudi riyals ($21 billion) for the year, as well as a fiscal deficit in 2025 and 2026.The stock sale could still be delayed or canceled, the Journal reported.

Persons: chalked Organizations: Aramco, Plaza Conference, Wall Street Journal, Public Investment Fund, CNBC, Saudi Locations: Dhahran, Saudi Arabia, Saudi Arabian, Saudi

☆ Aramco share sale planned for summer could net Saudi Arabia a welcome $10 billion amid its Neom project struggles
▼ + stars: | 2024-05-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Read previewSaudi Arabia looks set for a multibillion-dollar share sale in its state oil company, Saudi Aramco. AdvertisementThe government of Saudi Arabia remains the largest shareholder in Aramco, which is the world's largest oil company by market cap. AdvertisementThe kingdom has embarked on a number of "gigaprojects" as part of the 2030 plan, including its Neom megacity. But recent reports suggest Saudi Arabia has been seeking to borrow funds for the project, while also scaling back population estimates for The Line. In January, it said that its cash as of September had dropped to around $15 billion — the lowest level since December 2020, The Wall Street Journal reported.

Persons: —, Prince Mohammed bin Salman's Organizations: Service, Reuters, Business, Aramco, Saudi Aramco, Saudi, Public Investment Fund, Bloomberg, Street Journal Locations: Saudi Arabia, Saudi Aramco, Aramco, Saudi

☆ I got sober living in one of the UK's biggest party towns
▼ + stars: | 2024-05-26 | by ( Emily Tisshaw | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Newquay is one of the United Kingdom's biggest seaside party destinations — and it's home to the annual Boardmasters, a massive multiday music festival. Related storiesI knew sobriety was necessary if I wanted to have a healthy life — but living in the center of a party town made getting sober even more of an uphill climb. AdvertisementMy willpower grew stronger every time I said 'no'It wasn't always easy to be sober in a party town. I started to take advantage of the seaside part of my seaside town.

Persons: —, I'd, Marta Urbanska Organizations: Service, United, Business Locations: Newquay , Cornwall, Newquay, AzmanJaka

☆ It's not your imagination. Pickleball courts are everywhere
▼ + stars: | 2024-05-22 | by ( Jessica Golden | ) www.cnbc.com time to read: +4 min

In 2017, fewer than half of the largest U.S. cities offered formalized pickleball courts. "We have found New York City parks to really understand the popularity of pickleball and also the need for more courts," said Cannon. We're excited to meet the increasing demand and bring Pickleball Kingdom's premier indoor pickleball to the masses," said Ace Rodrigues, founder and CEO of Pickleball Kingdom. Pickleball courts are also popping up at gyms throughout the country. Life Time, an "athletic country club," currently boasts almost 700 pickleball courts across its 170 U.S. locations.

Persons: Wang Fan, Will Klein, Klein, pickleball, Erica Desai, Mary Cannon, Pickle, Cannon, Desai, Pickleball, Rodrigues, Andre Agassi, Bahram Akradi, Ben Johns, Collin Johns, Anna Bright, Tyson McGuffin, Mike Stobe Organizations: Central Park, China News Service, Getty, Trust, Public, Pickle, Long, PENN, Garden Locations: Central, New York City, pickleball, Louisville , Kentucky, Madison , Wisconsin, Honolulu, Manhattan , Brooklyn, Long Island City, Kingdom, Pickleball, United States, Pickleball Kingdom, U.S, Annapolis , Maryland, Madison

☆ MBS might be ready for some 'tough conversations' about 'recalibrating' Saudi Arabia's Neom and Vision 2030 projects
▼ + stars: | 2024-05-14 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Saudi Arabia's Crown Prince is reportedly open to having "tough conversations" about Vision 2030. MBS might be ready to discuss which projects should proceed first, the Financial Times reported. AdvertisementCrown Prince Mohammed bin Salman may finally be ready to have some "tough conversations" about his ambitious Vision 2030 project. The de-facto Saudi leader is open to discussing which projects should progress and which could wait, the Financial Times reported, citing a person familiar with the thinking at the Public Investment Fund — the sovereign wealth fund. Meanwhile, Saudi has started borrowing to help fund some Vision 2030 megaprojects including Neom, The Wall Street Journal reported.

Persons: Prince, —, Mohammed bin Salman Organizations: Saudi, MBS, Financial Times, Service, Public Investment Fund —, Bloomberg, Street Journal, Neom, Business Locations: Saudi

☆ Lucid posts quarterly revenue beat as luxury EV sedan price cuts boost sales
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: +2 min

Lucid Group reported first-quarter revenue above analysts' estimates on Monday as price cuts helped the company deliver more luxury electric sedans in the first three months of 2024. Revenue for the first quarter was $172.7 million, compared with analysts' estimate of $156.99 million, according to LSEG data. Lucid posted a net loss of $684.76 million, narrower than a $779.5 million loss a year earlier. It ended the first quarter with cash and cash equivalents of $2.17 billion, compared with $1.37 billion in the fourth quarter of last year. The company said it expects capital expenditure of $1.5 billion this year, compared with $910.6 million in 2023.

Persons: Lucid, Elon Musk, Tesla Organizations: Lucid, Air, Revenue, Saudi Arabia's Public Investment Fund Locations: Newark , California

☆ BlackRock is opening a Saudi investment firm with initial $5 billion from PIF
▼ + stars: | 2024-05-01 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

The BlackRock logo is displayed at the company's headquarters in New York City on Nov. 14, 2022. Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from Saudi Arabia's Public Investment Fund (PIF), the kingdom's sovereign wealth fund. BlackRock, the world's largest asset manager with $10 trillion in assets under management, will "launch investment strategies across asset classes for the Saudi market, including both public and private markets, managed by a Riyadh-based investment team," a joint press release from the firm and the PIF read. The new platform will be called BlackRock Riyadh Investment Management, or BRIM. BRIM aims to help bring foreign institutional investment into Saudi Arabia as well as develop the Saudi asset management industry, expand local capital markets and investor diversification, and support the development of the kingdom's asset management talent, the release said.

Organizations: BlackRock, Saudi Arabia's Public Investment Fund, Saudi, BlackRock Riyadh Investment Management Locations: BlackRock, New York City, Riyadh, Saudi, Saudi Arabia

☆ Saudi Arabia is desperately trying to convince everyone that Neom megaproject is going just fine
▼ + stars: | 2024-04-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Saudi Arabia insists its Neom megacity project is on track. The Saudi economy minister told CNBC there was "no change in scale" for the project. The kingdom's been battling reports that its ambitious desert city has suffered setbacks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSaudi Arabia says its Neom megacity project is going ahead as planned.

Persons: — Organizations: CNBC, Service, Bloomberg, Business Locations: Saudi Arabia, Saudi

☆ Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
▼ + stars: | 2024-04-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. "All projects are moving full steam ahead," Faisal Al Ibrahim told CNBC's Dan Murphy on Monday at the World Economic Forum's special meeting in Riyadh. "We set out to do something unprecedented and we're doing something unprecedented, and we will deliver something that's unprecedented." Al Ibrahim stressed that the projects would be delivered according to plan, but with the qualification that decisions were being made for "optimal economic impact." "We see feedback from the market, we see more interest from the investors and we'll always prioritize to where we can optimize for optimal economic impact," he said.

Persons: Faisal Al Ibrahim, CNBC's Dan Murphy, Al Ibrahim, we'll Organizations: Bloomberg, Saudi, NEOM, Public Investment Fund Locations: Saudi, Riyadh

☆ Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability
▼ + stars: | 2024-04-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Saudi Aramco CEO Amin Nasser praised China for making solar panels and electric vehicles affordable. Saudi Arabia is fostering closer ties with China and wooing Chinese investments and business partnerships. Unlike the West, Saudi Arabia is cozying up to China. "There are lots of opportunities for China to invest in Saudi Arabia," Alibrahim told the media outlet. In March last year, China brokered a détente between Saudi Arabia and Iran, prompting concerns over waning US influence in the Middle East.

Persons: Amin Nasser, Nasser, China's overcapacity, Janet Yellen, Olaf Scholz, China Nasser's, Faisal Alibrahim, Alibrahim, Jon Alterman Organizations: Saudi, Service, Saudi Aramco, World Energy, Financial Times, West, Nikkei, Aramco, Center for Strategic, International Studies, China Economic, Security Locations: China, Saudi Arabia, Saudi Aramco, Saudi, Rotterdam, East Asia, Beijing, Saudi Arabian, Iran, United States

☆ Taylor Swift fans in the UK have been scammed out of $1.2 million, bank says
▼ + stars: | 2024-04-17 | by ( Katie Balevic | Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

UK Taylor Swift fans have lost over $1.2 million to Eras Tour ticket scams, Lloyds Bank says. Most of the ticket scams targeted 25- 34-year-olds through fake ads on Facebook. AdvertisementIt looks like it's heating up to be a Cruel Summer — at least for Swifties in the United Kingdom seeking Eras Tour tickets. Fans of Taylor Swift have already been scammed out of over $1.2 million trying to purchase concert tickets, mostly through Facebook, according to Lloyds Bank. "For her legion of dedicated Swifties, the excitement is building ahead of Taylor's Eras Tour finally touching down in the UK this summer.

Persons: Taylor Swift, —, Liz Ziegler, Swift, Alma Galvan Organizations: Lloyds Bank, Facebook, Service, Swifties, United, Lloyds, Ticketmaster, Business, San Francisco Better Business, ABC, BBB, Facebook Marketplace, Paypal Goods, Services Locations: United Kingdom, United States

☆ The reality of spending $500 billion to build a city in the desert is starting to hit home for Saudi officials
▼ + stars: | 2024-04-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Amid alarm about costs, the kingdom's sovereign wealth fund has yet to approve Neom's 2024 budget. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSaudi Arabia's plan for its $500 billion futuristic city, Neom, is as ambitious as it gets. It seems the project's finances may prove to be a sticking point, however, since the kingdom's sovereign wealth fund has yet to approve Neom's budget for 2024, Bloomberg reported. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Bloomberg, Service, Business Locations: Saudi, Neom, Gulf Kingdom

☆ Regenerative tourism is the new gold standard for resort development. This destination on the Red Sea is leading the way.
▼ + stars: | 2024-04-03 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

A development organization in Saudi Arabia is changing perceptions of how regenerative tourism can work. He took a different course: Building a vertically-integrated real estate company to deliver The Red Sea. Across its two larger destinations, The Red Sea and AMAALA, RSG is creating 120,000 new jobs, directly and indirectly. Destinations like The Red Sea and AMAALA aim to build a broader, more leisure-focused tourism sector. This article was created by Insider Studios with Red Sea Global.

Persons: John Pagano, Pagano, St Regis, RSG, RSG —, King Abdullah, I've, University of Prince Mugrin, We're Organizations: Red Sea, St, Ritz, Carlton Reserve, imminently, King, King Abdullah University of Science and Technology, KAUST, Saudi, Hospitality, University of Prince, Tourism, Insider Studios, Sea Locations: Saudi Arabia, London, Bahamas, RSG, Central, Saudi, Red

☆ A global scramble to make humanoid robots is gearing up to be the 21st century's space race
▼ + stars: | 2024-03-30 | by ( Joshua Zitser | Jyoti Mann | ) www.businessinsider.com time to read: +11 min

Humanoid robots are symbols of power and technological capability, a geopolitics expert says. An incident earlier this month involving a Saudi humanoid robot inappropriately touching a female reporter might not at first seem even remotely connected. AdvertisementHumanoids are visual representations of breakthroughs in AIIn Italy, the Istituto Italiano di Tecnologia is working on iCub, a research-grade humanoid robot. AdvertisementChina wants to take the leadWhen it comes to humanoid robots, China is vying for the top spot, so it's no wonder other nations are getting nervous. "The vast magnitude of the market offers an unmatched chance to test, improve, and expand the uses of humanoid robots," he said.

Persons: —, Neil Armstrong's, Muhammad, Elie Metri, Giorgio Metta, Metta, there's, Zen Koh, Koh, Peggy Johnson, Johnson, it's, David Becker, OpenAI, Mercedes, Tesla, Julian Mueller, Kaler, Mueller, Tang Ke, Li Boyang, Will Jackson, Johannes Simon, you've, Jackson, we're, Gartner, Nvidia's, Melonee Wise, Justin Sullivan, Metri Organizations: Service, Robotics, QSS Robotics, Muhammad, Istituto, Tecnologia, European Union, Ministry of Industry, Information Technology, Fourier Intelligence, Getty, BMW, Strategic Foresight, Stimson, TIME, Beijing, Conference, Boston Dynamics, Arts, Engineered Arts, GTC, Getty Images Saudi Locations: China, Saudi Arabia, Italy, Soviet Union, Saudi, DeepFest, Riyadh, Robotics Saudi Arabia, India, Nigeria, Shanghai, Oregon, Las Vegas, Texas, Beijing, China's Liaoning Province, San Jose , California, Getty Images Saudi Arabia, QSS, Europe

☆ Saudi Arabia is building the world's first Dragon Ball Z theme park
▼ + stars: | 2024-03-25 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Visitors try out the latest version of Dragon Ball Z Kakarot at the 2019 Gamescom gaming trade fair in Cologne, Germany. Saudi Arabia is set to become home to the first-ever Dragon Ball Z theme park — a 5.3 million square foot entertainment venue announced as part of the kingdom's huge Qiddiya project. Five of the rides at the Dragon Ball Z theme park will be "world firsts," according to the release, one of which will be a 230-foot-high roller coaster called Shenron, named after the series' magical dragon. Vision 2030, the name of this project, a brainchild of Saudi Crown Prince Mohammed bin Salman, has also set a target of 150 million tourists visiting the kingdom annually by 2030. Tourism reached a record for the country in 2023 at 106 million, according to its tourism ministry — an increase of 56% from 2019.

Persons: Prince Mohammed bin Salman, It's Organizations: Toei Animation, Saudi, Public Investment Fund, Nintendo, Tourism Locations: Cologne, Germany, Saudi Arabia, Japan, Riyadh —, Riyadh, City

☆ Saudi Arabia's massive wealth fund is in talks to acquire national airline Saudia: Report
▼ + stars: | 2024-03-18 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Saudi Arabia's behemoth sovereign wealth fund is in talks to buy the kingdom's national airline Saudia, Bloomberg reported over the weekend, citing people familiar with the matter. According to the initial report, the acquisition would see the PIF take over the airline's ownership from the government to increase its efficiency and ability to make profit. Founded in 1945, Saudia has a fleet of 144 aircraft — 93 Airbus planes and 51 made by Boeing — and flies to more than 100 destinations, according to its website. It is not yet known how the airline would be valued. Talks are said to be in early stages, and could be delayed or axed altogether, Bloomberg reported.

Persons: Saudia, Boeing — Organizations: Saudi, Saudia, Bloomberg, Public Investment Fund, Riyadh Air, Airbus, Boeing Locations: Saudi Arabia

☆ Hackers threaten to release Trump documents from Georgia case if they don't get a ransom by Thursday
▼ + stars: | 2024-02-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

LockBit works with affiliates to hack companies and government agenciesLockBit 3.0's targets go far beyond just the Fulton County government. As of Wednesday, it had ongoing ransom demands for 11 different companies on its website in addition to the one for Fulton County. AdvertisementA Fulton County court administration spokesperson declined to comment. AdvertisementAt a press conference on February 20, Fulton County Commission Chair Robb Pitts said no ransom was paid. AdvertisementThe renewed ransom threat comes as Willis's investigation is beleaguered by a series of heated hearings playing out in a Fulton County courtroom.

Persons: —, Donald Trump —, Donald Trump's, Christopher Krebs, Dan Schiappa, LockBitSupp —, Biden, Donald Trump, Trump, Joe Raedle, Oz, Krebs, Alashe, LockBit, Fulton, Fani Willis, It's, George Chidi, Pool, Schiappa, Robb Pitts, Pitts, Willis Organizations: Service, Fulton, Business, FBI, United, Crime Agency, US Department of Justice, government's, Trump, Justice Department, Boeing, Commercial Bank of China, U.S, Trump Force, Atlanta Hartsfield, Jackson International Airport, Biden, Trump —, Trump . Fulton, Arctic Wolf, Atlanta Journal Locations: Georgia, Fulton, Mexico, Fulton County, Atlanta , Georgia, Russian, Trump . Fulton County, Atlanta, Krebs

☆ Why Singapore is quickly becoming the choice location for firms to support global carbon markets
▼ + stars: | 2024-02-15 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Carbon credits continue to play an important role in the global transition towards net zero. As an innovative financing mechanism, carbon credits allow corporates to mobilize capital to support emission-reduction projects. The decision to anchor CAD Trust in Singapore stems from acknowledging that transparency and governance are rooted in its DNA. Why Singapore is a prime location for firms to support global carbon marketsSingapore has successfully attracted more than 100 carbon market and services players to establish the city-state as their home base in Southeast Asia. Singapore's expertise in carbon services and its trailblazing move implementing Southeast Asia's first carbon tax in 2019, also appealed to Calyx Global.

Persons: — Dinesh Babu, Grace Fu, Duncan van Bergen, Van Bergen, — Duncan van Bergen Organizations: Reuters, Singapore, for Nature, National University of Singapore, Data Trust, Government of, Emissions Trading Association, Singapore's, Sustainability, Meta, Trust, Insider Studios, Singapore Economic Development Board Locations: Dubai, Singapore, Government of Singapore, South Asia, Southeast Asia, Oceania, Africa, Paris, Bhutan, COP28, Asia

☆ Atlantic Ocean currents may be on the verge of collapse, which could plunge Europe into a deep freeze, a new study shows
▼ + stars: | 2024-02-09 | by ( Seth Borenstein | Associated Press | ) www.businessinsider.com time to read: +7 min

“It also depends on the rate of climate change we are inducing as humanity,” van Westen said. AdvertisementThe Dutch team simulated 2,200 years of its flow, adding in what human-caused climate change does to it. They found after 1,750 years “an abrupt AMOC collapse,” but so far are unable to translate that simulated timeline to Earth's real future. "This value is getting more negative under climate change,” van Westen said. The world should pay attention to potential AMOC collapse, said Joel Hirschi, division leader at the United Kingdom's National Oceanography Centre.

Persons: ”, Rene van Westen, “, Bob Edme, ” van Westen, it's, van Westen, Stefan Rahmstorf, ” Rahmstorf, Tim Lenton, Thwaites, ” Lenton, Wei Cheng, Joel Hirschi, ” Hirschi, ” ___ Read Organizations: Service, Southern, Utrecht University, AP, United Nations, Earth Systems, Potsdam Institute, Climate Research, University, Exeter, NASA, National Oceanic, Atmospheric Administration, Pacific, U.S ., United, National Oceanography Locations: Europe, Northwestern, Netherlands, Germany, Greenland, Americas, Africa, Florida, U.S, U.S . East Coast

Photos You Should See View All 21 Images“It also depends on the rate of climate change we are inducing as humanity,” van Westen said. The Dutch team simulated 2,200 years of its flow, adding in what human-caused climate change does to it. They found after 1,750 years “an abrupt AMOC collapse,” but so far are unable to translate that simulated timeline to Earth's real future. "This value is getting more negative under climate change,” van Westen said. The world should pay attention to potential AMOC collapse, said Joel Hirschi, division leader at the United Kingdom's National Oceanography Centre.

Persons: ”, Rene van Westen, “, ” van Westen, it's, van Westen, Stefan Rahmstorf, ” Rahmstorf, Tim Lenton, ” Lenton, Wei Cheng, Joel Hirschi, ” Hirschi, ” ___ Read, Seth Borenstein Organizations: Southern, Utrecht University, United Nations, Earth Systems, Potsdam Institute, Climate Research, ” University of Exeter, National Oceanic, Atmospheric Administration, NASA, Pacific, U.S ., United, National Oceanography, Associated Press Locations: Europe, Netherlands, Germany, Greenland, Americas, Africa, Florida, U.S, U.S . East Coast, AP.org

☆ Saudi Arabia's economy contracts again, dragged by oil cuts
▼ + stars: | 2024-01-31 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Saudi Arabia's fourth-quarter real GDP fell 3.7% year-on-year, according to flash estimates published by the General Authority for Statistics on Wednesday. The drop was attributed to a 16.4% decline in oil activities, while non-oil activities and government activities expanded by 4.3% and 3.1%, respectively, year-on-year. For the full year, Saudi Arabia's economy shrank 0.9%, according to government data. Throughout last year, the world's largest crude exporter has been implementing output cuts in a bid to push up prices. The kingdom's economy is heavily reliant on its petroleum sector, which accounts for 42% of its GDP.

Organizations: Saudi, General Authority, Statistics, Organization of, Petroleum Locations: That's, Saudi, Saudi Arabia

Nicola Sturgeon told the United Kingdom's public inquiry into the pandemic that she didn't use informal messaging such as WhatsApp to make decisions. Although Scotland is part of the U.K., its government has powers over matters relating to public health. Sturgeon's standing has been further dented by the recent revelation that her WhatsApp messages had been deleted, which has led to questions about her trustworthiness or whether she has anything to hide. Last week, Sturgeon's successor as first minister, Humza Yousaf, offered an “unreserved” apology for the Scottish government’s “frankly poor” handling of requests for WhatsApp messages. Johnson agreed in late 2021 to hold a public inquiry after heavy pressure from bereaved families, who have hit out at the evidence emerging about his actions.

Persons: —, policymaking, Nicola Sturgeon, ”, Sturgeon, Boris Johnson, hadn't, hasn't, WhatsApp, “, Humza Yousaf, Heather Hallett, Johnson Organizations: United, Scotland, Scottish National Party, Scottish Locations: Scotland, Edinburgh, England, Wales, Northern Ireland

☆ I stayed in a Disney World suite that can cost over $8,000 a night. See inside the 1,000-square-foot space with 2 bathrooms.
▼ + stars: | 2024-01-24 | by ( Jacqueline Dole | ) www.businessinsider.com time to read: +1 min

I stayed in a park-view deluxe suite at The Four Seasons Resort Orlando at Disney World. Prices fluctuate seasonally, but the 1,000-square-foot suite is regularly over $8,000 a night. The luxurious suite had two big bathrooms and beautiful views of Magic Kingdom's fireworks. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementI spent a night in a newly renovated park-view deluxe suite at The Four Seasons Resort Orlando at Disney World.

Persons: — Organizations: Disney, Service, Magic Kingdom

☆ Saudi Arabia opens its first-ever alcohol store — but it's only accessible to a select group
▼ + stars: | 2024-01-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

According to a list of store rules seen by CNBC, the venue is only accessible to non-Muslim diplomats, and authorization must be validated through an app called Diplo. Saudi Arabia has opened its first alcohol store in the diplomatic quarter of its capital Riyadh, two sources told CNBC. "It's a baby step to opening up alcohol sales to non-Muslims in Saudi Arabia eventually, to hotels and other venues," said the consultant, who requested anonymity due to the sensitivity of the topic. Foreign embassy staff, who are able to import alcohol to be kept on embassy premises, are known in Saudi Arabia to often import booze in large quantities and then sell it on the black market. Saudi Arabia has undergone seismic change both socially and economically in the years since the young Crown Prince Mohammed bin Salman, now the kingdom's de-facto ruler, came to power.

Persons: we've, Crown Prince Mohammed bin Salman Organizations: CNBC, Foreign, Saudi, Crown Locations: Saudi, Saudi Arabia, Riyadh, Western

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