DIRS.INFO The most relevant business & tech news

☆ Saudi oil giant Aramco posts 25% fall in full-year profit
▼ + stars: | 2024-03-10 | by ( Dan Murphy | ) www.cnbc.com time to read: +2 min

Artur Widak | Nurphoto | Getty ImagesSaudi Arabia's state oil giant Aramco reported a 25% decline in profit to $121.3 billion in 2023, down from $161.1 billion in 2022. Changing HandsThe earnings come after the Saudi government transferred an additional 8% of Aramco shares, worth $164 billion, to Saudi Arabia's Public Investment Fund (PIF). PIF already owned 4% of Aramco, and controls Sanabil, a financial investment firm, which owns 4% of Aramco as well. Aramco said total dividends of $97.8 billion were paid in 2023, up 30% from 2022. watch nowThe PIF's 16% state in Aramco, worth an estimated $328 billion, is set to strengthen its financial position and boost its ability to deploy capital to invest on behalf of the Saudi state.

Persons: Artur Widak, Amin Nasser, Yasir Al Organizations: Aramco, Saudi Arabian Oil Group, World Petroleum Congress, Nurphoto, Getty, Saudi, Saudi Arabia's Public Investment Fund Locations: Saudi, Stampede, Calgary, Canada, Aramco

☆ Muslims spot Ramadan crescent moon in Saudi Arabia, meaning month of fasting starts Monday for many
▼ + stars: | 2024-03-10 | by ( ) www.cnbc.com time to read: +5 min

Officials saw the crescent moon Sunday night in Saudi Arabia, home to the holiest sites in Islam, marking the start of the holy fasting month of Ramadan for many of the world's 1.8 billion Muslims. Saudi state television reported that authorities there saw the crescent moon. However, there are some Asia-Pacific countries like Australia, Brunei, Indonesia, Malaysia and Singapore, that will begin Ramadan on Tuesday after failing to see the crescent moon. In Saudi Arabia, the kingdom had been urging the public to watch the skies from Sunday night in preparation for the sighting of the crescent moon. The Palestinian territories will begin Ramadan on Monday as well.

Persons: Jordan, Saudi King Salman, Ayatollah Ali Khamenei, Ramadan, Robabeh, it's, Prophet Muhammad, Israel, Jerusalem's Organizations: Iran's, Hamas, Islamic Locations: Musyari'in, Jakarta, Indonesia, Saudi Arabia, Islam, Saudi, Iraq, Syria, Egypt, Asia, Pacific, Australia, Brunei, Malaysia, Singapore, Oman, Israel, Gaza, Palestine, Mecca, Iran, Tehran, Persian, Nowruz, U.S, Jerusalem's Al, Aqsa, Sudan

☆ Dubai’s bar scene is being redefined by artisanal champagnes
▼ + stars: | 2024-03-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +12 min

While the city has over 13,000 restaurants, its bar scene has largely been confined to Michelin fine dining, nightclubs, and boozy brunches. Look through the gallery and see the region's other top restaurants, as selected by 50 Best list group. The 50 Best has unveiled its 2024 list of the best restaurants in the Middle East and North Africa (MENA). Al Muntaha, which was recognized by Star Wine List as having the best sparkling wine list in the UAE earlier this year, has 166 labels on its champagne list, including around 60 recently added grower champagnes, says Lacroix. Tina HillierAnd the culture around drinking is largely focused on dining or special occasions, with little in between, says Krister Bengtsson, founder of Star Wine List.

Persons: Lana —, Nicolas Caupain, ”, boozy, Caupain, Raz Rahav, Tala Bashmi, Em Sherif, Yasmina Hayek, Fawzi Al Mulki, 3Fils, Khufu's, Solemann Haddad, Moonrise, Gregoire Berger, Berger, Himanshu Saini, Pol Roger, Queen Elizabeth II, Winston Churchill, champagnes, Larmandier Bernier, Ulysse Collin, Samuel Lacroix, Al Muntaha, Lacroix, “, Josette, Veuve Clicquot, Dom Pérignon, Millau, Lana, Tina Hillier, Krister Bengtsson, it’s, Bengtsson, ” Bengtsson, Jean Imbert, — Organizations: CNN, High Society, United Arab, Michelin, Middle, Gulf, Jordanian, Trèsind, Burj, Star Wine, Arabian, BOCA, Michelin Star, Wine, UAE Locations: Dorchester, Dubai, Emirate, Islam, United Arab Emirates, UAE, East, North Africa, Tel Aviv, Tala, Manama's, Bahrain, Beirut, Giza, Cairo, Ossiano, Atlantis, BOBY, Africa, Emirates, Swedish, Dubai’s, Paris, London , New York, French

☆ Bahrain Grand Prix: Max Verstappen wins and lays down marker in opening race of the season
▼ + stars: | 2024-03-02 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Max Verstappen coasted to victory in the Bahrain Grand Prix on Saturday, laying down an ominous marker for the rest of the field in the opening race of this F1 season. Clive Mason/Getty ImagesWhile that overshadowed Red Bull’s race weekend, it did not seem to affect the team’s performance on the track as Sergio Perez completed yet another 1-2 – a repeat result of last season’s opening race. “Unbelievable, I think today went even better than expected,” Verstappen told Sky Sports after the race. Video Ad Feedback Verstappen cruises to opening win in Bahrain 02:24 - Source: CNN“It was a lot of fun and I felt really good in the car. The F1 season continues next weekend and remains in the Middle East with the Saudi Arabian Grand Prix in Jeddah.

Persons: Max Verstappen coasted, Christian Horner, Horner, Geri Halliwell, Clive Mason, Red, Sergio Perez, Ferrari’s Carlos Sainz, Red Bull, ” Verstappen, it’s, Charles Leclerc, Perez, Max Verstappen, David Davies, Mercedes ’ George Russell, Sainz, Leclerc, Russell, Ferraris, Lewis Hamilton Organizations: CNN, Prix, Spice, Red, Sky Sports, Saudi Locations: Bahrain, Jeddah

☆ 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, –

☆ The eyes have it: The intriguing history of kohl
▼ + stars: | 2024-02-29 | by ( Zahra Hankir | ) edition.cnn.com time to read: +10 min

A Palestinian woman Hadeya Qudaih applying traditional kohl eyeliner to her granddaughter in Khan Younis in the southern Gaza Strip in March 2020. Hadeya Qudaih makes and sells traditional kohl eyeliner for medical and cosmetic purposes (photograph taken in February 2020). A Bedouin man wearing traditional kohl, photographed in the ancient Jordanian city of Petra. Kohl is so commonly worn in the area that girls are sometimes named or nicknamed Kahla by their parents or friends, roughly meaning “the girl who appears to have kohl around her eyes.” Kohl is also a feature of many millennia-old myths, rituals, and legends. “Even if she doesn’t (make kohl) anymore, I will for sure continue to do this myself,” Abu Issa said.

Persons: CNN — Kohl, kohl, Hadeya, kohl eyeliner, Khan Younis, Majdi, Tamam Farhan Abu Issa, Deir al Balah, “, Abu Issa, ”, ” Abu Issa, Issa, Qudaih, Hassan Jedi, Prophet Muhammad —, Alessandro Bigazzi, Jack Sparrow, eyeliner, Kohl, ” Kohl, Zarqa, TikTok, “ Blinkaria Kohl, tightlining, Eyeliner, Fatima Shbair, “ Kohl, I’ve Organizations: CNN, Crusaders, UNESCO, United, kohl, Quds Net News, ZUMA Press, UAE General Authority of Islamic Affairs, Endowments Locations: East, North Africa, Egypt, Europe, Lebanon, Gaza, Gaza’s, Deir, United Nations, Israel, Saudi Arabia, Jordan, Palestinian, Petra, Raed, Kohl, Eastern, “

CNN —Portuguese and Al-Nassr star Cristiano Ronaldo has been banned for one match and fined for “provoking” fans in a Saudi Pro League match on Sunday. In footage from the game, Ronaldo can be seen cupping his hand to his ear, taking in the chanting from the opposing Al-Shabab fans. Ronaldo gestures towards the Al-Shabab fans. As a result, Ronaldo has been suspended for one match, ordered to pay around $2,666 (10,000 riyals) to the SAFF and an additional $5,333 (20,000 riyals) to Al-Shabab for complaint filing fees. Ronaldo, a five-time Balon d’Or winner, joined Al-Nassr following an acrimonious exit from English Premier League side Manchester United in late 2022.

Persons: Cristiano Ronaldo, Al Nassr’s, Ronaldo, Al, Lionel Messi’s, Yasser Bakhsh, Waleed Al, Farraj, ” Ronaldo, Yannick Carrasco’s, Nassr, Anderson Talisca, Shabab, Carlos Júnior’s, Talisca, Hazm Organizations: CNN, Saudi Pro League, Riyadh, Al, Saudi Arabian Football Federation, English Premier League, Manchester United, Real Madrid, Juventus, Reuters Al Locations: Shabab, Al, Saudi

☆ Dubai photographer reveals the UAE’s hidden wildlife
▼ + stars: | 2024-02-28 | by ( Arya Jyothi | ) edition.cnn.com time to read: +5 min

CNN —In a country best known for its soaring skyscrapers, modern architecture and sprawling desert, wildlife isn’t always what comes to mind when people think of the United Arab Emirates (UAE). Originally from India, Karingattil moved to Dubai 17 years ago and began photographing wildlife shortly after, specializing in macro photography, using extreme close ups. With the UAE’s president recently extending the country’s “Year of Sustainability” into 2024, Karingattil uses wildlife photography as a method of capturing the country’s biodiversity and sharing it with others. For Karingattil, conservation is an important aspect of wildlife photography, which he believes can serve as a powerful tool for advocacy. “By removing litter and debris, we can reduce the impact of human activities on the natural world.”

Persons: Anish Karingattil, Karingattil, ” Karingattil, “, ”, Herping, Andrew Gardner, Gardner, couldn't, Anish Karingattil Gardner Organizations: CNN, United Arab Emirates, “, Sustainability ”, Accounting, Biodiversity Conservation, Emirates Nature, Biological Diversity, Emirates Locations: UAE, Dubai, India, Emirates, dugongs, Australia

CNN —Cristiano Ronaldo has come under scrutiny for a gesture he made towards fans following Al-Nassr’s 3-2 win against Al-Shabab in the Saudi Pro League on Sunday. In footage from the match, fans can be heard taunting Ronaldo by chanting about Lionel Messi, a long-time rival of the 39-year-old forward. The gesture is now being investigated by the Saudi Arabian Football Federation (SAFF), according to Saudi-owned media outlet Asharq Al Awsat, which cited unnamed sources. CNN has contacted Ronaldo’s representatives, the SAFF, Al-Nassr and Al-Shabab for further comment. It was Al-Nassr, however, which would have the final say as Talisca’s second goal deep into the match completed a 3-2 victory in an exciting encounter.

Persons: CNN — Cristiano Ronaldo, Ronaldo, Lionel Messi, Al Awsat, Nassr, –, Yannick Carrasco’s, Shabab, Carlos Júnior’s, “, Waleed Al, Farraj, Asharq Al Awsat, John Duerden, ” Organizations: CNN, Al, Saudi Pro League, Saudi Arabian Football Federation, Guardian Locations: Shabab, Saudi, Al, Riyadh, Hilal, Portuguese, Saudi Arabia

☆ U.S. and Britain Strike 18 Houthi Targets in Yemen
▼ + stars: | 2024-02-25 | by ( Helene Cooper | Eric Schmitt | ) www.nytimes.com time to read: +5 min

Houthi militants have launched attack drones and cruise and ballistic missiles at vessels in the Red Sea and the Gulf of Aden. The United States and Britain carried out another round of large-scale military strikes Saturday against multiple sites in Yemen controlled by Houthi militants, U.S. officials said. On Monday, Houthi militants fired two anti-ship ballistic missiles at a cargo ship, U.S. Central Command said in a statement. The ship, called the Sea Champion, continued on to its destination at the port of Aden in Yemen, the statement added. The American-led retaliatory air and naval strikes against Houthi targets began last month.

Persons: ”, Houthi, Mason, Lloyd J, Austin III Organizations: Houthi, British, Defense Department, Associated Press, “, Yemeni Armed Forces, U.S ., U.S . Central Command, Central Command, Command, Iranian Locations: Aden, The United States, Britain, Yemen, Iran, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, “ U.S, U.S, Red Sea, Palau, Gaza, Israel, United States, Africa, Iraq, Syria, Saudi Arabia

☆ U.S. and British strikes on Houthi sites in Yemen answer militants’ surge in Red Sea attacks on ships
▼ + stars: | 2024-02-24 | by ( ) www.cnbc.com time to read: +8 min

The U.S. F/A-18 fighter jets launched from the USS Dwight D. Eisenhower aircraft carrier, which is currently in the Red Sea, officials said. President Joe Biden and other senior leaders have repeatedly warned that the U.S. won't tolerate the Houthi attacks against commercial shipping. During normal operations, about 400 commercial vessels transit the southern Red Sea at any given time. The Rubymar, a British-registered, Lebanese-operated cargo vessel, was attacked while sailing through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden. The Associated Press, relying on satellite images from Planet Labs PBC of the stricken vessel, reported Tuesday that the vessel was leaking oil in the Red Sea.

Persons: Dwight D, Lloyd Austin, Grant Shapps, Shapps, Joe Biden, haven't, We've, Sabrina Singh, we've, Mason, Abdul Malik al, Hope Organizations: US Coast Guard, US Central Command, U.S, Eisenhower, Defense, Yemeni Armed Forces, RAF, Islander, Hamas, Houthi, Aden , U.S . Central Command, Central Command, Khorfakkan, United, Command, Associated Press, Planet Labs PBC Locations: Iran, Yemen, Tampa , Florida, United States, U.S, Gulf of Aden, British, Red, Britain, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Gaza, Aden , U.S, Asia, Europe, Africa, Suez, Mandeb, Gulf, Aden, Palau, Belize, Lebanese, Bulgaria, United Arab Emirates

☆ Saudi Arabia is reportedly borrowing to help fund its megaprojects as oil prices struggle
▼ + stars: | 2024-02-20 | by ( Tom Porter | Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Saudi Arabia has started borrowing to fund megaprojects including Neom, The Wall Street Journal reported. AdvertisementSaudi Arabia is borrowing to help fund an array of ambitious projects including the $500 billion Neom desert megacity, The Wall Street Journal reported. Under its ambitious ruler Mohammed bin Salman's Vision 2030 project, Saudi Arabia is seeking to diversify its economy away from fossil fuels and become a global hub for technology and innovation. The Saudi sovereign wealth fund, the Public Investment Fund, is providing funding for cornerstone "gigaprojects" estimated to cost tens of billions of dollars apiece. He said Saudi Arabia may need to raise another $270 billion for the Public Investment Fund by 2030.

Persons: —, Mohammed bin Salman's, Tim Callen, Brent, Karen Young Organizations: Street Journal, Saudi, Service, Public Investment Fund, Aramco, Gulf States Institute, Bloomberg, Monetary Fund, US Energy Information Administration, Middle East Institute Locations: Saudi Arabia, Saudi, Washington, Diryah

☆ Saudi Arabia's futuristic megaprojects are so expensive that even its oil riches may not be enough
▼ + stars: | 2024-02-20 | by ( Tom Porter | Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

AdvertisementSaudi Arabia is borrowing to help fund an array of ambitious projects including the $500 billion Neom desert megacity, The Wall Street Journal reported. Under its ambitious ruler Mohammed bin Salman's Vision 2030 project, Saudi Arabia is seeking to diversify its economy away from fossil fuels and become a global hub for technology and innovation. The Saudi sovereign wealth fund, the Public Investment Fund, is providing funding for cornerstone "gigaprojects" estimated to cost tens of billions of dollars apiece. He said Saudi Arabia may need to raise another $270 billion for the Public Investment Fund by 2030. AdvertisementThe International Monetary Fund said in October that the Saudis needed oil to be about $86 a barrel to fund its spending commitments.

Persons: Mohammed bin Salman's, Tim Callen, Brent, Karen Young Organizations: Street Journal, Public Investment Fund, Aramco, Gulf States Institute, Saudi, Bloomberg, Monetary Fund, US Energy Information Administration, Middle East Institute Locations: Saudi Arabia, Saudi, Washington, Diryah

☆ The US Coast Guard seized a big cache of weapons bound for Houthi rebels, including ballistic missile components and explosives
▼ + stars: | 2024-02-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

The US Coast Guard said it seized over 200 packages of weapons meant for Houthi rebels in Yemen. Ballistic missile components originating from Iran were found on a vessel in the Arabian Sea. AdvertisementOver 200 packages of illegal weapons and military components bound for Yemen have been seized by the US Coast Guard, the US Central Command said in a statement on Thursday. The shipment was seized from a vessel in the Arabian Sea on January 28, per the statement. The US Central Command said the weapons had originated in Iran and were en-route to be delivered to Houthi rebels in Yemen.

Persons: — Organizations: US Coast Guard, Service, US Central Command Locations: Yemen, Iran, Sea, Israel

They found that 10 countries, including Kenya, Morocco, Niger, Yemen, and Pakistan, experienced the majority of locust outbreaks among 48 affected nations. The researchers also found a strong link between the magnitude of desert locust outbreaks and weather and land conditions like air temperature, precipitation, soil moisture, and wind. El Nino, a recurring and natural climate phenomenon that affects weather worldwide, was also strongly tied to bigger and worse desert locust outbreaks. “As such variability increases, it is logical to predict that locust outbreaks will increase as well,” said Tallamy. The desert experienced locust outbreaks in 2019 after uncontrolled breeding following cyclones, which filled the desert with freshwater lakes.

Persons: Elfatih Abdel, Rahman, Douglas Tallamy, ”, Paula Shrewsbury, al Khali, Xiaogang Organizations: Agriculture Organization, National University of Singapore, Food, International, of, Physiology, Nino, University of Delaware, University of Maryland, World Bank, Associated Press Locations: Africa, South Asia, Agriculture, Kenya, Morocco, Niger, Yemen, Pakistan, East Africa, Shrewsbury, India, Asia, Arabian, West Africa, AP.org

☆ Opinion: What Iran wants — and fears
▼ + stars: | 2024-02-13 | by ( Opinion Hussein Ibish | ) edition.cnn.com time to read: +7 min

Iran has backed Hezbollah’s efforts to avoid an all-out war with Israel despite consistent Israeli escalation and threats. Hezbollah doesn’t want a war with Israel and Iran agrees. The potential for such US or Israeli airstrikes is among the most significant reasons Iran wants to avoid a broader conflict. Tehran has already restrained its Iraqi proxies, is working to help Hezbollah climb down and avoid a devastating Israeli attack. And Iran is probably urging the Houthis to take great care not to kill Americans or otherwise go too far.

Persons: Hussein Ibish, Read, Hussein Ibish It’s, Biden, Israel, Kataib, Saleh Al, Wissam, Amos Hochstein, Ebrahim Raisi, Shannon Stapleton, It’s Organizations: Gulf States Institute, Israel, CNN, Washington, Radwan Force, Iranian Locations: Washington, Iranian, Iran, Iraq, Syria, Lebanon, Gaza, Yemen, United States, Saudi Arabia, Russia, China, Saudi, That’s, Israel, Jordan, Hezbollah’s, Beirut, Tehran, Yemeni, Suez, Strait, Hormuz, Bab, Mandab

☆ Turkey's Drone Maker Baykar Begins to Build Plant in Ukraine
▼ + stars: | 2024-02-06 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

Baykar has said it has signed export deals for its TB2 drone with 30 countries. These include Ukraine, Ethiopia, Libya and Azerbaijan since 2018, according to think tank SIPRI. Bayraktar also said the Istanbul-based firm's plans to start production in Saudi Arabia in the next two years were on track. The announcement follows an agreement in July to sell the Bayraktar Akinci, another kind of drone, to Saudi Arabia in what Baykar described as the biggest defence contract in Turkey's history. It also aims to produce the new models of the Kızılelma and the TB3 drones "in the tens," he added.

Persons: Pesha Magid, Baykar, Haluk Bayraktar, Bayraktar, Lockheed Martin, Federico Maccioni, Alexandra Hudson Organizations: Reuters, World Defense, U.S, Lockheed, Saudi Locations: Pesha, Pesha Magid RIYADH, Turkish, Kyiv, Ukraine, Ethiopia, Libya, Azerbaijan, Riyadh, Israel, Gaza, Ukrainian, Istanbul, Saudi Arabia

ISTANBUL (AP) — A year ago, a devastating 7.8 magnitude earthquake struck southern Turkey and northwestern Syria, causing widespread destruction and the loss of over 59,000 lives. Photos You Should See View All 45 ImagesThe disaster led to a massive international rescue and aid operation involving dozens of countries and organizations. The World Bank estimated the damage caused at $34.2 billion in Turkey and $5.1 billion in Syria. The East Anatolian fault system, where the disaster occurred, is near where the Anatolian, Arabian and African tectonic plates come together. The East Anatolian fault had last seen a quake of magnitude 7 or greater in 1822, when at least 10,000 were killed in Syria’s Aleppo.

Persons: Mehmet Ozhaseki, February’s, transgressors, Abby Sewell, Suzan Fraser Organizations: —, Turkey's, Interior Ministry, United Nations, World Bank, Food Program, WFP, Associated Press Locations: ISTANBUL, Turkey, Syria, Turkey’s Kahramanmaras, Idlib, Aleppo, Istanbul, Elazig, Hatay, SYRIA, Brussels, Beirut, Ankara

☆ US sees signs Iran is worried about escalating proxy attacks amid heightened tensions
▼ + stars: | 2024-02-01 | by ( Natasha Bertrand | Katie Bo Lillis | ) edition.cnn.com time to read: +10 min

Officials cautioned that there is no sense that Tehran’s growing wariness is likely to change its broader strategy of supporting proxy attacks on US and Western targets — although it could signal adjustments around the margins. But officials do believe that Iran is pursuing a calibrated approach to the conflict that is designed to avoid sparking all-out war. But some current and former US officials are skeptical that Iran will substantively change its tactics. ‘Varying degress of loyalty’The escalations also underscore the varying degrees of control that Iran actually has over its proxy groups. Among the groups, Iran has the least amount of operational control over the Houthis in Yemen, multiple officials told CNN.

Persons: Biden, Bill Burns, Norm Roule, Roule, “, Fadel, Ahmad Al, Jonathan Lord, ”, ” Lord, Israel “, Hossein, Mohammed Hamoud, Wang Yi, Jake Sullivan, Iran ”, we’re Organizations: Militant, Iranian, CNN, White, CIA, Foreign Affairs, Getty, Middle East Security, Center, New, US Navy, Islamic Revolutionary Guard Corps, US, Anadolu Agency, Command, UN, Chinese Foreign, White House Locations: Jordan, Iran, Iraq, Syria, Yemen, United States, Tehran, China, India, Gaza, Europe, Baghdad, AFP, New American, Israel, Africa, Beijing, Bani, Sanaa, Red, Somalia, Bangkok, “ Beijing

DUBAI, United Arab Emirates (AP) — Saudi Arabia's oil giant Saudi Aramco said Tuesday it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order from the country's Energy Ministry. The firm, known formally as the Saudi Arabian Oil Co., said it would maintain its maximum output at 12 million barrels a day. However, crude oil prices globally have fallen over recent months as demand has been soft. Aramco reported earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists worried about climate change. Political Cartoons View All 253 Images

Organizations: United Arab Emirates, Saudi Aramco, country's Energy Ministry, Saudi Arabian Oil Co, Brent, Aramco Locations: DUBAI, United Arab, Saudi

☆ A lower-cost way to get long this 'Magnificent 7' member trading at an all-time high
▼ + stars: | 2024-01-29 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

The five reporting this week — Microsoft, Apple, Alphabet, Amazon, and Meta — represent more than 23% of the index by market capitalization. But let's focus on Microsoft (MSFT) . Breaking down MSFT fundamentals Microsoft is one of the most important technology companies in the world. Over the past five years, Microsoft's price-to-earnings ratio has been as low as 25.8 and as high as 41. Some are anticipating organic sales growth of 15%, double the 7.5% average the company experienced over the past 4 quarters.

Persons: OpenAI, Sam Altman, Satya Nadella Organizations: Microsoft, Apple, Meta, Saudi Arabian Oil Company, Windows, Activision Blizzard

RIYADH, Saudi Arabia (AP) — Lionel Messi and Inter Miami kicked off their tour of Saudi Arabia by losing to Al-Hilal 4-3 on Monday. The Major League Soccer team is playing two games in the oil-rich kingdom as part of its preseason preparations, but even Messi could not inspire it to victory in Riyadh. While Messi got on the score sheet with a second-half penalty, Malcom came up with the decisive goal to win the match in the 88th. He ultimately opted for a move to the United States to join David Beckham's Miami and quickly led the team to its first trophy, the Leagues Cup. Just when Miami looked to have a draw, Malcom came up with the winner.

Persons: — Lionel Messi, Messi, Malcom, Hilal, Germain, David Beckham's Miami, Cristiano Ronaldo's Al, Nasser, Aleksandar Mitrovic, Abdullah Al, Hamdan, Luis Suarez, Michael, Messi's, David Ruiz, ___ Organizations: Inter Miami, Al, Major League Soccer, Messi, Paris Saint, Leagues, Newcastle, Fulham Locations: RIYADH, Saudi Arabia, Hilal, Riyadh, Paris, United States, Miami, Hong Kong, Japan, Al

As he went under, Navy Special Warfare Operator 1st Class Christopher J. Blake Chaney, commander of Naval Special Warfare Group 1, which oversees SEAL Team 3. They loaded onto small special operations combat craft driven by naval special warfare crew to get to the boat. Chambers, 37, of Maryland, enlisted in the Navy in 2012, and graduated from SEAL training in 2014. Ingram, 27, of Texas, enlisted in 2019, and graduated from SEAL training in 2021.

Persons: Nathan Gage Ingram, Christopher J, Chambers, Chris, Gage selflessly, ”, Blake Chaney, Joe Biden, “ Jill, USS Lewis B, Puller, Ingram, Chaney Organizations: WASHINGTON, —, Navy's, Navy, Special Warfare, NSW, White, — Navy, ”, USS, Central Command, U.S . Navy, Warfare, Marine Locations: Somalia, Yemen, Gulf of Aden, Gaza, East Africa, Iran, West Coast, Maryland, Texas

☆ Pentagon Names Two SEALs Lost in Raid in Arabian Sea
▼ + stars: | 2024-01-22 | by ( Dave Philipps | More About Dave Philipps | ) www.nytimes.com time to read: +1 min

The Defense Department identified on Monday the two Navy SEALs who were lost at sea and died this month during a nighttime commando raid on a small ship carrying weapons components bound for Yemen. Active-duty and veteran SEALs said it appeared that the men might have sunk quickly before they could be rescued, and that the circumstances of their deaths raised questions about the planning and conduct of the raid. Special Operator First Class Christopher J. Chambers, 37, and Special Operator Second Class Nathan Gage Ingram, 27, were lost on Jan. 11 when SEALs in two stealthy combat speedboats, shadowed by helicopters and drones, boarded a dhow, a type of small wooden cargo ship, in the Arabian Sea off the coast of Somalia. Both SEALs were quickly lost in the waves.

Persons: Christopher J, Chambers, Nathan Gage Ingram Organizations: Defense Department, Navy Locations: Yemen, Somalia

☆ 2 Navy SEALs Declared Dead After Mission to Stop Iranian Weapons
▼ + stars: | 2024-01-22 | by ( Yan Zhuang | More About Yan Zhuang | ) www.nytimes.com time to read: +2 min

The U.S. military said on Sunday that it had declared two Navy SEALs dead after they went missing 10 days ago during an operation at sea to intercept weapons from Iran headed to Houthi fighters. They are among the first known U.S. fatalities in Washington’s campaign against the Houthis, who have launched dozens of attacks on ships in the Red Sea since November, roiling the global shipping industry. The episode involving the SEALs occurred in the Arabian Sea, off the coast of Somalia on Jan. 11. During that nighttime commando mission, according to the U.S. military, American troops boarded a small boat, called a dhow, and seized weapons including Iranian made ballistic-missile and cruise-missile components bound for Yemen. The mission led to the first seizure by U.S. forces of Iran-supplied weapons since the Houthis started attacking ships in the Red Sea, the U.S. military said in a statement last week.

Organizations: U.S, Navy, ., Pentagon, U.S . Central Command Locations: Iran, Red, United States, Yemen, Somalia, U.S, Gazans, Israel

Search resuls for: "Arabian"

25 mentions found