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☆ Music marketers say artists need to make TikToks now more than ever, as influencer campaigns lose luster
▼ + stars: | 2024-03-05 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

Advertisement"I always remember early label conversations when we'd run TikTok campaigns," Ramzi Najdawi, cofounder at the music-marketing firm ATG, told BI. In 2024, most artists now need to get directly involved in creating social content in some form, said 10 music marketers who spoke to BI about their strategies. AdvertisementTo make influencer campaigns work better, music marketers ask artists to post original content first, creating organic interest in a song that creators can then push forward with additional videos. "Influencer campaigns don't really work in the way that people think they do," Prophet Media's founder Steph Rinzler told BI. Many marketers are now seeking out an artist's fans, rather than random influencers, to make videos for song campaigns.

Persons: —, TikTok, Taylor Upsahl, wasn't, influencers, we'd, Ramzi Najdawi, doesn't, it's, Ed Winters Ronaldson, Najdawi, scrappy, Cynthia Parkhurst, Jonas, Parkhurst, Matine Kazemi, Lawrence, Prophet Media's, Steph Rinzler, Omid Noori, Taylor Swift, Olivia Rodrigo, Simon Friend, Sean Kane, Kane Organizations: Service, Business, BI, Universal Music, Creative, YouTube, Prophet Media

☆ Tim Cook, Steve Ballmer and Jamie Dimon are among the few US billionaires who didn't found a company or inherit a fortune
▼ + stars: | 2024-02-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewVirtually all of America's billionaires either founded a wildly successful company or inherited a vast fortune. Apple CEO Tim Cook, JPMorgan CEO Jamie Dimon, and former Microsoft CEO Steve Ballmer are among the few exceptions. Ballmer leads the pack with an estimated fortune of $143 billion, according to the Bloomberg Billionaires Index largely due to his near-4% stake in Microsoft. AdvertisementRemarkably, Ballmer ranks sixth on the Bloomberg list, just one spot and $3 billion behind the Microsoft cofounder. Other industry stalwarts include Meta's former operating chief, Sheryl Sandberg ($2 billion), and former eBay CEO Meg Whitman ($3 billion).

Persons: —, Tim Cook, Jamie Dimon, Steve Ballmer, Forbes, Bill Gates, Ballmer, Eric Schmidt, Charles Simonyi, Jeff Rothschild, Jeff Skoll, Sheryl Sandberg, Meg Whitman, Justin Sullivan, Snowflake, Frank Slootman, Apple's Cook, Safra Catz, Lisa Su, Ramzi Musallam, JPMorgan's, Goldman Sachs, Lloyd Blankfein, Tor Peterson, Paul Saville, homebuilder Organizations: Service, Apple, JPMorgan, Business, Bloomberg, Microsoft, Facebook, eBay, Getty Images Tech, Forbes, Oracle, AMD, Veritas Capital, Blackstone, KKR Locations: Silver

☆ She was fleeing with her grandson, who was holding a white flag. Then she was shot
▼ + stars: | 2024-01-26 | by ( Clarissa Ward | Eliza Mackintosh | ) edition.cnn.com time to read: +15 min

Istanbul CNN —Sara Khreis replays the last day she spent with her mother over and over in her mind. Suddenly, they heard their neighbors outside screaming that an evacuation route had been organized: “Come on, get out, come on, get out!”Sara with her mother, Hala. Then they were on the street outside, joining a wave of other people holding white flags aloft: a universal symbol of surrender. The clip of Hala’s killing is one of a growing number that show unarmed civilians holding white flags being shot dead in Gaza. His father, holding a white flag, could be seen crying over his body.

Persons: Istanbul CNN — Sara Khreis, “, ” Sara, Hala, Sara, –, Tayem, Hala Khreis, ” Sara Khreis, Ramzi Abu Sahloul, Ahmed Hijazi, Hijazi, Sahloul, Hala’s, Cross, Hala didn’t, Mohammad, Faisel, ” Nour, Nour, ” Mohammad, Mohammad wasn’t, ‘, Heba, ” Heba, Youssuf Abdel A’atti, ” Abdel A’atti, Sara Khreis, …, ” CNN’s Scott McWhinnie, Gianluca Mezzofiore Organizations: Istanbul CNN, CNN, Human Rights Monitor, Israel Defense Forces, IDF, Turkish, International Committee, ICRC, Palestine Locations: Istanbul, Gaza, Hala, The Geneva, Gaza City, al, Palestinian, Turkey, Rafah

☆ Fact Check: Behind-the-scenes footage of a film shared as Palestinians faking injuries
▼ + stars: | 2023-11-17 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Behind-the-scenes footage from a short film made in Lebanon about life in Gaza has been shared without context online as evidence that Palestinians are faking injuries in the context of the ongoing Israel-Hamas war. The video shows several scenes that include makeup being applied to a child to make her appear injured and a man directing a group of people holding Palestinian flags. DON'T FALL FOR IT,” read posts sharing the video (archived) on social media platform X, formerly known as Twitter, and on Facebook (archived). And the video that went viral where they were applying makeup on the girl’s face was a video of behind the scenes of the short movie that i mentioned.”VERDICTMiscaptioned. Video shows the filming of a movie about the occupied Palestinian territories, not Palestinians staging injuries.

Persons: ”, “, @rami.jardali, ” Mahmoud Ramzi, Ramzi, Read Organizations: Twitter, Facebook, Reuters, Thomson Locations: Lebanon, Gaza, Israel

More than 1,200 people in Israel died, most of them in the Hamas attack, and about 240 hostages were taken from Israel into Gaza by Palestinian militants. The army said Tuesday that it has captured Gaza’s legislature building, the Hamas police headquarters and a compound housing Hamas’ military intelligence headquarters. Israeli news sites showed pictures of Israeli soldiers hoisting the Israeli national flag and military flags in some of the buildings. The Israeli military did not give a reason for her death, while Hamas said she was killed in an Israeli strike. On Nov. 5, the Israeli military struck a car on the road between the southern Lebanese towns of Ainata and Aitaroun.

Persons: —, Gilad, Luiz Inácio Lula da Silva, Lula, ” Lula, “, Lynn Gottlieb, KNTV, WASHINGTON, Janet Yellen, Shelly Shem Tov, Omer Shem Tov, Benjamin Netanyahu, JERUSALEM — Vivian Silver, Silver, Yonatan Zeigen, ” Zeigen, Noa Marciano, Marciano, ”, Israel, Iqbal Abu Saud, Ramzi Kaiss, Israel’s, KFAR, Ayelet, David Kachko Kazir, Aftonbladet Organizations: Palestinian, Hamas, Health Ministry, “, FIRE, Jewish, Peace, Berkeley, Consulate, Grand, Station, New York, Islamic, Treasury Department, TEL, JERUSALEM TEL, Israel, JERUSALEM, Israel Radio, Rights Watch, Israel — Residents, DR Locations: Gaza, Israel, Gaza City, Palestinian, Gaza's, Detroit, israel, ISRAEL, GAZA, JERUSALEM, DE JANEIRO, Brazil, “, CALIFORNIA, FIRE OAKLAND, California —, Oakland , California, Chicago, New York, United States, Islamic Jihad, Iran, Lebanese, United Kingdom, U.S, TEL AVIV, JERUSALEM TEL AVIV, Tel Aviv, Jerusalem, Canadian, BEIRUT, Lebanon, Ainata, Rights Watch Lebanon, KFAR AZA, Israel —, Kfar Aza, SWEDEN, DENMARK, COPENHAGEN, Denmark, Sweden, Danish, Egypt

REUTERS/Ramzi Boudina//File Photo Acquire Licensing RightsDUBAI, Nov 5 (Reuters) - Top oil exporters Saudi Arabia and Russia confirmed on Sunday they would continue with their additional voluntary oil output cuts until the end of the year as concerns over demand and economic growth continue to weigh on crude markets. Saudi Arabia confirmed it would continue with its additional voluntary cut of 1 million barrels per day (bpd) translating into a production of around 9 million bpd for December, a source at the ministry of energy said in a statement. Following the Saudi statement, Moscow also announced it would continue its additional voluntary supply cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December. Saudi Arabia, OPEC's de-facto leader, first made the voluntary cut for July as an addition to a broad supply-limiting deal first agreed by some members of OPEC+ in April. The kingdom said in September it would extend its additional voluntary cut until the end of the year, and review the decision monthly.

Persons: Ramzi Boudina, OPEC's, Omar Abdel, El, Alexander Smith, Sharon Singleton, David Evans Organizations: Organization of, Petroleum, REUTERS, Rights, OPEC, Saudi, Brent, Analysts, Thomson Locations: OPEC, Algiers, Algeria, Rights DUBAI, Saudi Arabia, Russia, Moscow, East, Vienna

☆ Saudi Arabia, other Arab states reaffirm commitment to voluntary oil production adjustments
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +1 min

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina//File Photo Acquire Licensing RightsOct 8 (Reuters) - Bahrain, Iraq, Kuwait, Oman, Saudi Arabia and the United Arab Emirates reaffirmed their commitment to "collective and individual voluntary adjustments" to oil production, the Saudi state news agency said on Sunday. The oil ministers of the six countries met on the sidelines of the U.N. MENA climate week event in Riyadh on Sunday. OPEC+ agreed in June to extend voluntary oil cuts first introduced in April until the end of 2024. Additional voluntary cuts by Saudi Arabia and Russia extend to the end of 2023 and are subject to monthly review.

Persons: Ramzi Boudina, Hatem Maher, Ros Russell Organizations: Organization of, Petroleum, REUTERS, United, Emirates, Cooperation, Thomson Locations: Algiers, Algeria, Bahrain, Iraq, Kuwait, Oman, Saudi Arabia, Saudi, Riyadh, OPEC, Russia

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo Acquire Licensing RightsLONDON/DUBAI, Oct 6 (Reuters) - OPEC has raised its medium- and long-term oil demand outlook in a forthcoming report, three OPEC sources said, despite the transition toward renewable energy, highlighting the oil exporting group's more bullish view compared to other forecasters. Higher oil demand would be a boost for producers and the 13-nation OPEC and would underscore the need for continued investment. It also highlights OPEC's more bullish view on the oil demand outlook compared to the International Energy Agency (IEA) and other forecasters. The 2022 version of OPEC's report sees oil demand reaching a plateau after 2035.

Persons: Ramzi Boudina, Haitham Al Ghais, Prince Abdulaziz bin Salman, Fatih Birol, Alex Lawler, Maha El, Simon Webb, Sharon Singleton Organizations: Organization of, Petroleum, REUTERS, OPEC, of, International Energy Agency, Saudi Energy, IEA, Financial Times, Thomson Locations: Algiers, Algeria, DUBAI, Riyadh, Saudi Arabia, OPEC, Vienna

Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known as OPEC+, held an online meeting. The panel, named the Joint Ministerial Monitoring Committee, can call for a full OPEC+ meeting if warranted. Saudi Energy Minister Prince Abdulaziz bin Salman, who chairs the JMMC, last month said OPEC+ cuts were needed to stabilise the market, and prices were not being targeted. Ahead of the meeting, OPEC+ sources had told Reuters that policy was likely to remain steady although with oil rallying, some analysts had cited an increasing probability the Saudi voluntary cuts will be reduced. The next JMMC meeting is on Nov. 26, the statement said, the same day as the next scheduled full meeting of OPEC+ to decide policy.

Persons: Ramzi Boudina, Prince Abdulaziz bin Salman, Ahmad Ghaddar, Olesya Astakhova, El, Alex Lawler, Simon Cameron, Moore, Elaine Hardcastle Organizations: Organization of, Petroleum, REUTERS, LONDON, Oil, Brent, Saudi, Saudi Energy, Reuters, Thomson Locations: Algiers, Algeria, Saudi Arabia, Russia, MOSCOW, DUBAI, OPEC, Saudi

☆ OPEC oil output rises for second month on Nigeria, Iran - Reuters survey
▼ + stars: | 2023-10-02 | by ( Alex Lawler | ) www.reuters.com time to read: +3 min

Last month, the Organization of the Petroleum Exporting Countries pumped 27.73 million barrels per day (bpd), the survey found, up 120,000 bpd from August. Iran, which has been boosting supply despite U.S. sanctions, also pumped more, with output hitting the highest level since 2018. The second-largest increase came from Iran, the survey found, which pushed output to 3.15 million bpd. Output from the 10 OPEC members that are subject to OPEC+ supply cut agreements rose by 80,000 bpd, the survey found. Top exporter Saudi Arabia kept August and September output close to 9 million bpd, the survey found, as the country extended a voluntary 1 million bpd output cut to provide extra support for the market.

Persons: Ramzi Boudina, Ahmad Ghaddar, Sharon Singleton Organizations: Organization of, Petroleum, REUTERS, LONDON, Reuters, Analysts, OPEC, Saudi, United Arab, Petro, Logistics, Thomson Locations: Algiers, Algeria, Nigeria, Iran, Saudi Arabia, Washington, OPEC, Iraq, United Arab Emirates, Angola

The badly decomposed body of Abdul-Ghani Wahhaj was eventually found in an underground tunnel at the compound. She said her husband and his sister traveled abroad to learn more about alternative healing based on the Quran. After she demanded a divorce, Ramzi said that Siraj Ibn Wahhaj took their son to a park and never returned. Morton and Siraj Ibn Wahhaj were also charged with conspiracy to kill U.S. government personnel. Leveille was initially charged with kidnapping and terrorism-related charges but she has agreed to accept a reduced sentence on weapons charges.

Persons: Abdul, Ghani Wahhaj, Hakima Ramzi, Siraj Ibn Wahhaj, “, ”, Ramzi, Jesus Christ, Hujrah, Subhanah, Lucas Morton, Morton, Prosecutors, Jany Leveille, Ghani, foamed, Leveille, Subhanah Wahhaj, Donald Kochersberger, Siraj Wahhaj, Wahhaj, “ We're Organizations: —, Authorities, Trade Center Locations: ALBUQUERQUE, N.M, Georgia, New Mexico, Colorado, Morocco, United States, Haitian, New York City

☆ A military panel deemed a suspected 9/11 key accomplice unfit for trial due to the CIA's 'torture program'
▼ + stars: | 2023-09-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Ramzi bin al-Shibh is one of five defendants accused of being key accomplices to the 9/11 attacks. A military tribunal in Guantánamo Bay found bin al-Shibh mentally unfit for trial. For years, Ramzi bin al-Shibh, 51, was detained in Guantánamo Bay under suspicion that he helped organize the terrorist attacks that killed nearly 3,000 people. AdvertisementAdvertisementCol. Matthew McCall, the military judge, agreed on Thursday that al-Shibh should be severed from the trial due to his mental state. "It is no longer possible" to deny "that the CIA torture program did profound harm to the people subjected to it," he said.

Persons: Ramzi bin al, bin, Shibh, Matthew McCall, Bin, David I, Bruck, bin al Shibh Organizations: CIA, Service, Associated Press, The New York Times, Prosecutors, Times, Justice Locations: Guantánamo, Wall, Silicon, Guantánamo Bay, Yemeni, Hamburg, Germany

☆ Judge Severs Man Accused in the 9/11 Attacks From Guantánamo Trial
▼ + stars: | 2023-09-21 | by ( Carol Rosenberg | More About Carol Rosenberg | ) www.nytimes.com time to read: 1 min

A military judge ruled on Thursday that a defendant in the Sept. 11 case who was tortured by the C.I.A. was ineligible for a death-penalty trial, adopting a finding that the prisoner was too psychologically damaged to help defend himself. Col. Matthew N. McCall, the judge, disqualified Ramzi bin al-Shibh, 51, from what had been a five-defendant conspiracy case in an 11-page ruling on Thursday evening. Mr. bin al-Shibh was charged as an accomplice in the attacks that killed 2,976 people, and is accused of helping organize a cell of hijackers in Hamburg, Germany, whose leader commandeered Flight No. 11 and flew it into the World Trade Center on Sept. 11, 2001.

Persons: Matthew N, McCall, Ramzi bin al, bin, Shibh, Khalid Shaikh Mohammed Organizations: World Trade Locations: Hamburg, Germany

☆ 'No one can blame you for backing Sequoia': It's a rough time to be raising as a solo venture capitalist in Europe
▼ + stars: | 2023-09-19 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +5 min

Europe, often a few years behind when it comes to startup trends, is also starting to produce its own solo GPs. After a record-breaking 2021, bigger VC funds in Europe have generally found it more challenging to raise their next funds. Lots of fund managers speak to everyone and waste lots of time going over unqualified leads," she said. In short, knowing who to pitch for investment is crucial when looking to raise funds. One advantage for solo funds in Europe is that smaller funds — often $15 million to $20 million — are easier to return than larger funds, said David Cruz e Silva, an angel investor and LP in smaller VC funds through EU.VC.

Persons: Gloria Baeuerlein's, Robin, Robin Capital, Sarah Drinkwater's, Harry Stebbings, Annelie Ajami, there's, VCs, Ramzi Rafih, Rafih, Carolina Huaranca, Joe Schorge, Masha Butler, Sam Altman's, Butler, David Cruz e Silva, Ajami Organizations: Ventures, London, KKR, Silver, Close, Sequoia, Day One Ventures Locations: America, Sand, Europe, profligacy, Dubai, Carolina, San Francisco, Swiss, London, EU.VC

☆ Sanity Question and Plea Talks Shadow Coming Sept. 11 Hearings
▼ + stars: | 2023-09-11 | by ( Carol Rosenberg | More About Carol Rosenberg | ) www.nytimes.com time to read: +1 min

Prosecutors have issued a new deadline — Sept. 18 — for four detainees at the American military prison at Guantánamo Bay, Cuba, to show their willingness to plead guilty to plotting the attacks of Sept. 11, 2001, and receive a maximum punishment of life in prison. The fifth defendant in the case has been found incompetent to stand trial and is likely to be removed from the case. Without a challenge, the judge is expected to sever him from the case when hearings resume next week after a 22-month hiatus. They describe the deadline as driven by the scheduled Oct. 7 departure of the current overseer of the case, Jeffrey D. Wood. In March 2022, Mr. Wood authorized prosecutors to pursue guilty pleas that would spare the defendants a capital trial to resolve the long-running case.

Persons: Ramzi bin al, Prosecutors, Khalid Shaikh Mohammed, Jeffrey D, Wood Organizations: Mr Locations: Guantánamo Bay, Cuba

☆ Man Accused in 9/11 Plot Is Not Fit to Face Trial, Board Says
▼ + stars: | 2023-08-25 | by ( Carol Rosenberg | More About Carol Rosenberg | ) www.nytimes.com time to read: +1 min

The finding is the latest setback to prosecution efforts to bring the long-running capital cases at Guantánamo Bay to trial. Last week, a military judge threw out the confession of a man accused of plotting the U.S.S. The question of Mr. bin al-Shibh’s sanity, and capacity to help his lawyers defend him, has shadowed the Sept. 11 conspiracy case since his first court appearance in 2008. He has disrupted pretrial hearings over the years with outbursts, and in court and in filings complained that the C.I.A. The five men are accused of conspiring in the plane hijackings in 2001 that killed nearly 3,000 people in New York City, at the Pentagon and in Pennsylvania.

Persons: Ramzi bin al, bin, Khalid Shaikh Mohammed Organizations: Pentagon Locations: Cole, New York City, Pennsylvania

☆ OPEC+ ministers keep oil output policy unchanged - sources
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: 1 min

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina//File PhotoLONDON, Aug 4 (Reuters) - A panel meeting of the top ministers of OPEC+ has kept oil output policy unchanged on Friday, two OPEC+ sources said. The panel, called the Joint Ministerial Monitoring Committee, includes ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known as OPEC+. "Nothing new," one of the sources said. Reporting by Maha El Dahan, Ahmad Ghaddar, Olesya Astakhova and Alex Lawler, editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Ramzi Boudina, Maha El Dahan, Ahmad Ghaddar, Olesya Astakhova, Alex Lawler, Tomasz Janowski Organizations: Organization of, Petroleum, REUTERS, OPEC, Thomson Locations: Algiers, Algeria, Russia, OPEC

☆ Wildfires bring death and destruction to Mediterranean
▼ + stars: | 2023-07-25 | by ( Fedja Grulovic And Lamine Chikhi | ) www.reuters.com time to read: +4 min

Without human-induced climate change, the events this month would have been "extremely rare", according to a study by World Weather Attribution, a global team of scientists that examines the role played by climate change in extreme weather. The heat, with temperatures topping 40 Celsius (104 Fahrenheit), is well in excess of what usually attracts tourists who flock to southern European beaches. Neighbouring Algeria deployed some 8,000 firefighters to bring its deadly fires under control, authorities said. Malta, another major Mediterranean holiday destination, suffered a raft of power cuts across the country, affecting its largest hospital, after a week-long heatwave. "I have been through 65 summers in my lifetime... and what I am seeing now is not normal, we can no longer deny it, climate change is changing our lives," Mayor Giuseppe Sala said on social media.

Persons: Rhodes Blaze, RHODES, Ramzi Boudina, Kyriakos Mitsotakis, Rhodes, Lanai Karpataki, Europe's sweltering, Giuseppe Sala, Angeliki Koutantou, Renee Maltezou, Federico Maccioni, Alvise, Lamine Chikhi, Jana Choukeir, Nayera Abdalla, David Stanway, Keith Weir, Janet Lawrence Organizations: REUTERS, Thomson Locations: Algeria, Rhodes, Palermo, Tunisia, Malta, ALGIERS, Sicily, China, United States, Europe, North Africa, Bejaia, Kiotari, Europe's, Milan

REUTERS/Ramzi Boudina/File PhotoCompanies United States of America FollowDUBAI, July 3 (Reuters) - Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic slowdown and possible further interest rate hikes from the U.S. Federal Reserve. The cuts amount to 1.5% of global supply and bring the total pledged by OPEC+ to 5.16 million bpd. OPEC+ already has in place cuts of 3.66 million bpd, amounting to 3.6% of global demand, including 2 million bpd agreed last year and voluntary cuts of 1.66 million bpd agreed in April and extended to December 2024. Oil prices rose on news of the cuts, with Brent up 89 cents to $76.30 a barrel by 0950 GMT. Russia, the world's second largest oil exporter after Saudi Arabia, has already pledged to reduce its output by 500,000 barrels per day (bpd) to 9.5 million bpd from March until year-end.

Persons: Ramzi Boudina, Alexander Novak, Brent, Maha El Dahan, Jana Choukeir, Jason Neely, David Evans Organizations: Organization of, Petroleum, REUTERS, Companies, U.S . Federal Reserve, OPEC, Ministry of Energy, Thomson Locations: OPEC, Algiers, Algeria, States, America, DUBAI, Saudi Arabia, Russia, Saudi, Moscow

☆ Natural evolution: Record Galapagos deal sparks clamour for eco-friendly debt swaps
▼ + stars: | 2023-06-09 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

The growing appetite comes as record numbers of developing world governments face debt pressures due to higher global interest rates. There have been around 140 over the past 35 years, but even including last month's super-sized Galapagos deal they have only involved around $5 billion of debt altogether. The top-level attendees will be urged to do more, not only debt swaps, but also by providing foreign exchange guarantees and automatic debt-payment breaks for countries hit by climate-related disasters. "Seeing something that has a group of countries involved would be amazing," Issa said. Ecuador says it is eyeing another transaction to capitalise on the halo effect from the Galapagos deal.

Persons: Ramzi Issa, Charles Darwin's, Issa, Ilan Goldfajn, Scott Nathan, Nathan, Emmanuel Macron, Mia Mottley, Suisse's Issa, Simon Jessop, Sharon Singleton Organizations: Ecuador, Credit Suisse, Inter, American Development Bank, U.S . International Development Finance Corporation, Reuters Graphics, Thomson Locations: Ecuador, Belize, Barbados, Gabon, Paris, Sri Lanka, Indian, Colombia, Costa Rica, Panama, Kenya, Mozambique, Tanzania, Seychelles

There's a burgeoning bull case for Saudi Arabia stocks. The iShares MSCI Saudi Arabia ETF (KSA) is up more than 8% year to date and almost 20% over a three-year period. The MSCI Saudi Arabia Index is composed of almost 45% in financials, followed by 22.1% in materials, mostly consisting of petrochemicals groups. More foreign investment The kingdom's Vision 2030 economic blueprint aims to raise foreign direct investment contributions to 5.7% by 2030 from 0.7% currently . Another fund that does this is the Franklin FTSE Saudi Arabia ETF (FLSA) .

Persons: Morgan Stanley, Carlos Asilis, Ramzi Sidani, — it's, they've, It's, Andrew Miller, Miller, Glovista's, HSBC's Sidani, Mondrian, — CNBC's Michael Bloom Organizations: Glovista Investments, JPMorgan —, HSBC's Global Research, Saudi, HSBC's Frontier Equity, United Arab Emirates, Mondrian Investment Partners, Franklin FTSE, Franklin FTSE Saudi Arabia, Aramco, Al, Al Rajhi Bank Locations: Saudi Arabia, Saudi, Russia, Ukraine, East, Korea, Australia, Chile, Poland, financials, Qatar, Franklin FTSE Saudi, Al Rajhi

☆ Regional ministers to discuss Syria's return to Arab fold in Saudi Arabia
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] Flags are seen ahead of the Arab League Summit in Algiers, Algeria November 1, 2022. REUTERS/Ramzi BoudinaDOHA, April 11 (Reuters) - Saudi Arabia will host a meeting of regional foreign ministers on Friday to discuss Syria's return to the Arab League, a Qatari official said on Tuesday, adding that an "Arab consensus" plus a "change on the ground" would shift Qatar's position. The GCC includes Saudi Arabia, UAE, Bahrain, Oman, Qatar and Kuwait. Saudi Arabia plans to invite Syrian President Bashar al-Assad to the Arab League summit Riyadh is scheduled to host on May 19, sources have told Reuters. Assad's attendance would mark the most significant development in his rehabilitation within the Arab world since 2011, when Syria was suspended from the Arab League.

REUTERS/Ramzi BoudinaHOUSTON/WASHINGTON, April 4 (Reuters) - Saudi Arabia and other OPEC+ oil producers announced over the weekend they would launch deep oil production cuts starting next month, a surprise move that sent oil prices surging. If refiners reduce capacity, the drain on stocks could lead to a sudden jump in retail fuel prices, he said. U.S. gasoline prices have climbed 11.6 cents a gallon from a month ago to $3.506, the AAA said on Monday. A 6% jump in oil prices would boost retail gasoline prices 10 cents a gallon, said Mark Finley, an expert in energy policy at Rice University's Baker Institute. OPEC's reason for cutting production - as a precautionary step - suggests it expects global oil demand to slow this year.

Musk, who is expected to be called as a witness in San Francisco federal court this week, has built a cult-like following for his irreverent humor, marketing skills and vision. Legal experts said a jury trial can turn on a key witness and the attorney who questions Musk needs to establish control, minimizing Musk's ability to use his charisma. In the current case, Musk sat for a daylong deposition in 2021 with lead shareholder attorney Nicholas Porritt. The jury is likely to see the "greatest hits" from that interview, according to trial attorney Renato Mariotti, who is not involved in the case. Reporting by Tom Hals in Wilmington, Del., and Jody Godoy in San Francisco; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. Senate panel advances bill to rein in OPEC+ over oil output cut
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +3 min

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi BoudinaWASHINGTON, Oct 19 (Reuters) - A U.S. Senate committee this week quietly advanced a bill that seeks to rein in OPEC+ after the oil producer group led by Saudi Arabia and Russia this month agreed to cut output. The Senate Judiciary Committee, which easily passed the bill in May, moved the bill on Tuesday to the Senate floor, the Senate website showed. Senator Chuck Grassley, a Republican who sponsored NOPEC, tried to attach the legislation to the annual defense policy bill. We are looking at all the legislative tools to best deal with this appalling and deeply cynical action, including the NOPEC bill".

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