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☆ Iran has the largest ballistic missile arsenal in the Middle East. Now it's sending them to Russia
▼ + stars: | 2024-02-23 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Iran presents its first hypersonic ballistic missile 'Fattah' (Conqueror) in an event attended by President Ebrahim Raisi and other government officials in Tehran, Iran on June 06, 2023. Reuters reported that Iran delivered at least 400 of its short-range Fateh-110 ballistic missiles to Russia in January of this year, and that figure is likely to rise. "It was always a matter of when, not if, Iran would transfer ballistic missiles to Russia," Behnam ben Taleblu, a senior fellow at the Foundation for Defense of Democracies, told CNBC. Ballistic missiles will keep him in that fight for longer now." In 2022, U.S. Central Command estimated that Iran had over 3,000 ballistic missiles in its arsenal.

Persons: Ebrahim Raisi, Vladimir Putin, Behnam ben Taleblu, Putin Organizations: Reuters, Foundation for Defense of Democracies, CNBC, U.S . Central Command Locations: Iran, Tehran, Russia, Ukraine, Moscow, U.S, Iraq, Syria, Pakistan

☆ Turkey holds interest rate at 45% for first time after 8 months of hikes
▼ + stars: | 2024-02-22 | by ( Natasha Turak | ) www.cnbc.com time to read: 1 min

Turkey is expected to head to the polls on Sunday. Turkey's central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive months of hikes. The move was widely expected as the bank indicated in January that its 250-basis-point hike would be its last for the year, despite inflation now at roughly 65%. Consumer prices in the country of 85 million last month jumped 6.7% from December — their biggest monthly jump since August — according to the Turkish central bank's figures. This is a developing story and will be updated shortly.

Organizations: Turkish Locations: Turkey, Turkish

☆ Turkey is back in from the cold with NATO and F-16 moves, but thorny issues remain
▼ + stars: | 2024-02-21 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Turkey spent nearly two years — along with Hungary — holding up Sweden's accession to NATO. Within hours of Ankara's decision, the U.S. approved a $23 billion sale for F-16 fighter jets to Turkey that had been delayed since 2021. It's worth noting that Hungary has yet to approve Sweden's NATO bid, and remains the only member of the alliance standing in the way of the Nordic country's accession. Turkey seemingly has a unique position that allows it to push the envelope and cross lines with its NATO allies. "My approval of Turkey's request to purchase F-16 aircraft has been contingent on Turkish approval of Sweden's NATO membership.

Persons: Turkey Recep Erdogan, It's, Recep Tayyip Erdogan, it's, Victoria Nuland, David Lepeska, Ben Cardin Organizations: NATO, Conference, Hungary —, UAE, Democratic, Senate Foreign Relations Locations: Turkey, Vilnius, Lithuania, Hungary, Sweden, Washington, Russian, Turkish, Eastern

☆ Middle East escalation fears spike as Houthis launch most damaging attack yet
▼ + stars: | 2024-02-20 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Houthi military spokesman Yahya Saree claimed the group's responsibility for the attack, calling it their most severe yet. The group claim to support Palestinian civilians amid Israel's retaliatory military campaign in the Gaza Strip. Simultaneously, fighting is raging between Israel and Hamas in the Gaza Strip with no sign of abating despite diplomatic efforts by a number of countries. INTERNATIONAL WATERS RED SEA, YEMEN - NOVEMBER 20: This handout screen grab captured from a video shows Yemen's Houthi fighters' takeover of the Galaxy Leader Cargo in the Red Sea coast off Hudaydah, on November 20, 2023 in the Red Sea, Yemen. EU foreign ministers called in a joint statement for an immediate humanitarian pause that would lead to a lasting cease-fire.

Persons: Mohammed Huwais, Yemen's, Yahya Saree, Saree, Charles Myers, CNBC's, Myers, Hungary —, Israel's, Benjamin Netanyahu, Israel, hasn't, Mohammed Abed Organizations: Hamas, Afp, Getty, U.S . Central Command, Global Advisors, SEA, Galaxy Leader Cargo, Handout, Security, Palestinian Locations: Israel, Sanaa, Gaza, Red, Belize, Gulf, Aden, Iranian, Yemen, U.S, Gulf Aden, Rafah, Gaza's, YEMEN, Red Sea, Lebanon, Iran, Beirut, Hungary

☆ Israel's GDP contracts nearly 20% in fourth quarter amid Gaza war
▼ + stars: | 2024-02-20 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

An Israeli national flag above produce for sale at Carmel Market in Tel Aviv, Israel, on Nov. 7, 2023. Israel's gross domestic product shrank nearly 20% in the fourth quarter of 2023, according to official figures. It reflects the toll of the country's war against Hamas in Gaza, now entering its fifth month. "The deep GDP contraction occurred despite a strong surge in public sector consumption as well as a positive net trade contribution, with the decline in imports outpacing the decline in exports." Before then, more than 150,000 Palestinian workers from the occupied West Bank entered Israel daily for work in a range of sectors, predominantly in construction and agriculture.

Persons: Goldman Sachs Organizations: Carmel, Goldman, West Bank, Israel Locations: Israeli, Tel Aviv, Israel, Gaza

☆ Only the U.S. can force peace in the Middle East and it should pressure Israel, Lebanon foreign minister says
▼ + stars: | 2024-02-16 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Lebanon's foreign minister called on the U.S. to pressure Israel and bring an end to its bloody war with Palestinian militant group Hamas, which has now entered its fifth month. "We want peace, I think the Palestinians are ready for peace and Americans should — [they are] the only country that can really enable peace," Bou Habib told CNBC's Silvia Amaro. "But they should exert some pressure over Israel like what happened in the 70s, Kissinger was there, and he exerted pressure on Israel to do the peace." Recent bills in the U.S. Congress have allocated tens of billions more in military aid since the Hamas terror attack of Oct. 7 that killed roughly 1,200 people. If the U.S. can't play a prominent role in stopping the hostilities, "then the war will continue," Bou Habib said.

Persons: Abdallah Bou Habib, Bou Habib, CNBC's Silvia Amaro, Kissinger, Henry, Israel, Israel's Organizations: Palestinian, Hamas, CNBC, Munich Security, Congressional Research Service, U.S . Agency for International Development, Washington, U.S, Congress Locations: Israel, Washington, U.S, Gaza

☆ China's biggest problem is a 'lack of confidence,' Standard Chartered CEO says
▼ + stars: | 2024-02-13 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

"China's biggest problem to me is a lack of confidence. External investors lack confidence in China and domestic savers lack confidence," Bill Winters, CEO of emerging markets-focused bank Standard Chartered, told CNBC's Dan Murphy Monday during a panel discussion. "But I think China is going through a major transition from old economy to new economy," Winters added. Investors are closely watching China, whose stock market gyrations, deflation problem and property woes are casting a shadow over the global growth outlook. Property and related industries account for about 25% of China's gross domestic product.

Persons: Bill Winters, CNBC's Dan Murphy, Winters Organizations: Chartered, International Monetary Fund Locations: DUBAI, United Arab Emirates, China

☆ Russia’s economy ‘in for very tough times’ despite improved growth outlook, IMF managing director says
▼ + stars: | 2024-02-12 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. DUBAI, United Arab Emirates — The head of the International Monetary Fund warned the Russian economy is still facing significant head winds despite receiving a recent growth upgrade by the Washington-based institution. Russia's economy has proven to be surprisingly resilient amid waves of Western sanctions in the nearly two years since it launched its full-scale invasion of Ukraine. Despite this, IMF Managing Director Kristalina Georgieva sees more trouble ahead for the country of roughly 145 million. "What it tells us is that this is a war economy in which the state — which let's remember, had a very sizeable buffer, built over many years of fiscal discipline — is investing in this war economy.

Persons: Kristalina Georgieva, CNBC's Dan Murphy, Georgieva, Vladimir Putin Organizations: International Monetary Fund, IMF, United Arab Emirates, World Governments, Defense, Reuters Locations: DUBAI, United Arab, Russian, Washington, Ukraine, Dubai, Russia, Soviet Union

☆ Pakistan's ex-PM Nawaz Sharif declares victory in fraught election as opponents claim vote rigging
▼ + stars: | 2024-02-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Campaign posters for Nawaz Sharif, Pakistan's former prime minister, along a street ahead of Pakistan's national election in Lahore, Pakistan, on Friday, Feb. 2, 2024. Pakistan's former Prime Minister Nawaz Sharif declared victory on Friday in the country's 2024 General Election, one that many Pakistanis and human rights groups are decrying as neither free nor fair. Sharif, 74, cited the Election Commission of Pakistan in saying that his party, the Pakistan Muslim League-Nawaz (PML-N), had won the largest share of the national vote. "Former Prime Minister Nawaz Sharif will almost certainly win," Chaudhuri said as the polls opened. A lifetime ban from partaking in politics and multiple corruption convictions for Sharif were overturned by Pakistani courts last year.

Persons: Nawaz Sharif, Imran Khan, Pramit Pal Chaudhuri, Chaudhuri, Sharif, mending Organizations: Pakistan Muslim League, Nawaz, Eurasia Group, CNBC Locations: Lahore, Pakistan, Sharif, South Asia, U.K

☆ Turkey's new central bank governor, formerly at Amazon and New York Fed, seen as a 'credible choice'
▼ + stars: | 2024-02-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Turkey's newly appointed central bank governor Fatih Karahan has his work cut out for him, named to the job by presidential decree over the weekend after the sudden resignation of his predecessor, Hafize Gaye Erkan. Previously the central bank's deputy governor, Karahan's resume features years spent in prominent American institutions and companies. Turkey's consumer price index print came out Monday showing a roughly 65% increase year-on-year for the month of January. Its central bank has made eight consecutive interest rate hikes since May 2023 — for a cumulative 3,650 basis points — in an effort to rein in soaring inflation. While painful for the country, investors and economists say the rate hikes have been necessary and that continuity in monetary policy priorities will engender confidence in the new central bank chief.

Persons: Turkey's, Fatih Karahan, Hafize Gaye Erkan, Karahan's, —, Karahan Organizations: University of Pennsylvania, Federal Reserve Bank of New, Columbia University, New York University, Amazon, greenback Locations: Federal Reserve Bank of New York, Turkish

☆ Turkey's inflation sees biggest monthly jump since August, nears 65% year-on-year
▼ + stars: | 2024-02-05 | by ( Natasha Turak | ) www.cnbc.com time to read: 1 min

President of Turkey Recep Erdogan addresses journalists during the final national press conference during the high level NATO summit in Litexpo Conference Centre in Vilnius, Lithuania on July 12, 2023. Inflation in Turkey for the month of January saw its biggest monthly jump since August, rising 6.7% from the month prior, while year-on-year inflation hit nearly 65%, according to the Turkish Central Bank's figures released Monday. This is a breaking news story, please check back later for more.

Persons: Turkey Recep Erdogan Organizations: NATO, Conference Locations: Turkey, Vilnius, Lithuania, Turkish Central

☆ Pakistan ex-PM Imran Khan hit with new 14-year jail sentence, a day after receiving 10-year term
▼ + stars: | 2024-01-31 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Pakistan's embattled former Prime Minister Imran Khan was hit with a fresh 14-year jail sentence on Wednesday after a state court found him guilty of graft, just one day after being handed a 10-year term on a conviction of leaking state secrets. His wife Bushra Bibi was also sentenced to a 14-year jail term for graft; the case implicating the couple involved the illegal sale of state gifts for profit while Khan was in office. Previously, many political analysts saw him as the likely winner of Pakistan's upcoming general election on Feb. 8. A towering figure in Pakistani politics for decades, Khan — along with his supporters — says the charges and arrests are politically motivated. It is not clear whether the 10 and 14-year-sentences will be served consecutively or concurrently, though some media reports say the terms will be concurrent.

Persons: Imran Khan, Bushra Bibi, Khan, Khan —, — Organizations: Pakistan, Bureau

☆ Former Pakistan Prime Minister Imran Khan sentenced to 10-year jail term
▼ + stars: | 2024-01-30 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Pakistan's former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. Former Prime Minister of Pakistan Imran Khan has been sentenced to 10 years in jail on charges of leaking state secrets, his party Pakistan Tehreek-e-Insaaf (PTI) confirmed in a post on social media site X on Tuesday. The former national cricket captain became Pakistan's prime minister in 2018. What can be more ridiculous than that Pakistan has imprisoned its Prime Minister and Foreign Minister for exposing the foreign conspiracy! One month later, he was removed from power in a vote of no-confidence by opposition lawmakers alleging corruption and unconstitutional actions.

Persons: Imran Khan, Pakistan Imran Khan, Khan, Shah Mahmood Qureshi, Khan's Organizations: Former, PTI Locations: Lahore, Pakistan, Islamabad, Washington

☆ Biden faces demands from Republicans in Congress to strike Iran after U.S. troop deaths
▼ + stars: | 2024-01-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

Kevin Dietsch | Getty ImagesCongressional lawmakers are demanding President Joe Biden strike Iran after three U.S. troops were killed Sunday night in Jordan in a drone strike claimed by the Islamic Resistance of Iraq, an Iranian-backed militia group. Iran has not commented on the attack, while Jordan's government denied it took place on its soil. "I am calling on the Biden Administration to strike targets of significance inside Iran, not only as reprisal for the killing of our forces, but as deterrence against future aggression," Republican Sen. Lindsey Graham said in a statement. Elmurod Usubaliev | Anadolu | Getty ImagesThe attack marks another regional escalation in a war that the Biden administration has tried to contain. Meanwhile, Lebanese Shia militia group Hezbollah and Israel are exchanging fire along the Israeli-Lebanese border, while Iran earlier this month struck targets in Iraq, Syria and Pakistan.

Persons: Lindsey Graham, Kevin Dietsch, Joe Biden, Republican Sen, Roger Wicker, Biden, Elmurod, Helima Croft Organizations: Sen, U.S, Capitol, Getty, Islamic, Hamas, Biden Administration, Republican, Senate Armed Services Committee, Anadolu, Lebanese Hezbollah, RBC Capital Markets Locations: Washington , DC, Iran, Jordan, Iraq, Iranian, U.S, Israel, Ankara, Turkiye, Yemeni, Gaza, Israel's, Yemen, Lebanese, Syria, Pakistan, Iraqi, United States

☆ Saudi Arabia's first alcohol store is a big step, but also aims to tackle a longstanding problem: Booze smuggling
▼ + stars: | 2024-01-26 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Saudi Arabia's first alcohol store has opened in the diplomatic quarter of its capital Riyadh, accessible to non-Muslim diplomats. Drinking is also forbidden under Islam, and most of Saudi Arabia's local population is religiously observant. From there, bottles are often sold on the black market at huge markups, according to expat and local residents of the country. A one-liter bottle of vodka, for instance, typically costs between $500 and $600 on the black market, sources said, while they described a single bottle of Johnnie Walker Blue Label going for between $1,000 and $2,000. At-home booze making has also taken place in the kingdom for decades, according to expats who've previously lived there.

Persons: Johnnie Walker Blue, expats who've Organizations: Saudi, CNBC Locations: Riyadh, Saudi, British, Dubai

☆ Turkey hikes interest rate again to 45% after inflation nears 65%
▼ + stars: | 2024-01-25 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Residents waiting at a bus stop under a large Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023. Turkey's central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the benchmark one-week repo rate was in line with economists' expectations. It comes amid an ongoing battle against double-digit inflation for Turkey's monetary policymakers, with the rate hike the latest step in that effort. The last several years of high inflation are in large part the result of stubbornly loose monetary policy by the Ankara government.

Organizations: Turkish, U.S, greenback Locations: Istanbul, Turkey, Turkey's, Ankara

☆ Hedge fund billionaire Bill Ackman and wife Neri Oxman buy nearly 5% stake in Tel Aviv Stock Exchange
▼ + stars: | 2024-01-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday. The announcement came as the Israeli bourse announced the pricing of a secondary offering of 17,156,677 shares priced at 20.60 shekels ($5.50) per share. "The transaction drew robust interest from investors across Israel, the United States, Europe, and Australia, reflecting a strong vote of confidence in both the Tel Aviv Stock Exchange and the Israeli economy at large," the statement read. "Among the prominent buyers were Neri Oxman and Bill Ackman who have agreed to purchase approximately a 4.9% equity stake in the TASE." His wife, Neri Oxman, is an American-Israeli designer and professor.

Persons: Bill Ackman, Neri Oxman Organizations: Tel Aviv Stock Exchange, Israeli bourse, New, Pershing, Capital Management Locations: Israel, United States, Europe, Australia, New York, Gaza, American

☆ Iran's ‘brazen’ strikes around the Middle East send a message to Israel and the U.S., analysts say
▼ + stars: | 2024-01-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Fayaz Aziz | ReutersIran's recent missile and drone strikes on targets in three countries — Syria, Iraq and Pakistan — may not have been directly related to Israel's war in the Gaza Strip but they still revealed an intent to send a clear message, analysts told CNBC. Iraqi and Pakistani ministers vocally criticized the attacks, calling them a "violation" and vowing consequences. watch nowPakistan responded a day later, striking targets inside Iran that Iranian authorities say killed several people. They were also the first time Iran had deployed its military directly at any time since the Israel-Hamas war began. "There is an element of signaling to the United States and Israel by carrying out these strikes because they do showcase Iran's continued ballistic missile capabilities," Bohl told CNBC.

Persons: Fayaz Aziz, Ben Taleblu, we've, Ian Bremmer, Yemen's, Ryan Bohl, Bohl, Safin Hamid Organizations: Reuters, CNBC, ISIS, Foundation for Defense, Democracies, Washington D.C, Israel, Gaza, Hamas, Eurasia Group, Economic, Middle East, RANE Network, Iran's Revolutionary Guard Corps, AFP, Getty Locations: Iran, Tehran, Israel, Peshawar, Pakistan, Syria, Iraq, Gaza, Washington, Israeli, Iraq's Kurdistan, State, Iraqi, Davos, Lebanon, Hamas, Yemen, U.S, Red, United States, Kurdistan, Arbil

☆ Israel-Hamas war negotiations reportedly working toward a weeks-long cease-fire
▼ + stars: | 2024-01-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

A picture taken from a position in southern Israel along the border with the Gaza Strip on January 19, 2024, shows an Israeli tank rolling along the fence as damaged buildings are see in the Gaza strip amid continuing battles between Israel and the militant group Hamas. Negotiations over the Israel-Hamas war are zeroing in on a cease-fire deal of one to two months in exchange for all remaining Israeli hostages being held captive in Gaza, according to sources who spoke to NBC News and Reuters. A second Israeli official said that more than 25 of the hostages are dead, but that Israel is demanding Hamas release the bodies. Reuters, meanwhile, cited three anonymous officials saying that Israel and Hamas "broadly agree in principle that an exchange of Israeli hostages for Palestinian prisoners could take place during a month-long ceasefire," without mentioning which countries the officials represent. The continued barrier to progress in the discussions is a disagreement over how to end the Gaza war permanently, the officials added.

Organizations: Hamas, NBC News, Reuters Locations: Israel, Gaza, Hamas

☆ 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

☆ Houthis embrace 'direct confrontation' with U.S. as Biden admits airstrikes aren't working
▼ + stars: | 2024-01-19 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Houthi followers lift rifles and shout slogans against the U.S.-U.K. during a tribal gathering on January 14, 2024 on the outskirts of Sana'a, Yemen. The remarks came as the U.S. steps up its strikes on Houthi targets and ahead of President Joe Biden's admission to reporters that so far, his administration's military action was not having its intended effect. "When you say working, are they stopping the Houthis?" The White House re-designated the Houthis as a terrorist organization on Jan. 17, after de-listing the group in 2021. As if to validate Biden's comments, the Iran-backed rebel group within hours launched two anti-ship ballistic missiles at a U.S.-owned tanker.

Persons: Yemen's, Joe Biden's, Biden, Abdul, Malek, Houthi, Israel — Organizations: U.S, United Arab Emirates, American, . Central Command Locations: Sana'a, Yemen, DUBAI, United Arab, America, Red, Gaza, U.S, Washington ,, Iran, Israel

☆ Israel's ban on Palestinian workers is causing supply shocks to its economy: central bank governor
▼ + stars: | 2024-01-18 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

"And it's primarily in the construction industry where ... a third of that industry is Palestinians from the West Bank, and now they're not coming in to work." "It's also affecting agriculture, where they are in, and there are other foreign workers," Yaron said. watch nowThe ban on most of these workers returning to their employment in Israel has dramatically hurt the economy of the West Bank. In late December, Israel's finance ministry warned that the ban on Palestinian workers could cost Israel's economy billions of shekels per month. Fifty percent of the sites are closed and there is an impact on Israel's economy and the housing market."

Persons: Amir Yaron, Kobi Wolf, CNBC's Dan Murphy, Yaron, Raul Sargo Organizations: Bank of Israel, Bloomberg, Getty, Economic, West Bank, Israel, Times, Israel Builders Association Locations: Jerusalem, Israel, Davos, Gaza, Times of Israel, Thailand

☆ 'Unprovoked violation': Iran strikes Syria, Iraq and Pakistan as Middle East tensions spike
▼ + stars: | 2024-01-17 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Speaking to CNBC at the World Economic Forum in Davos on Tuesday night, Iranian Foreign Minister Hossein Amirabdollahian defended his country's actions. watch nowTehran also hit what it said were Islamic State targets in northern Syria in tandem with its strikes on Iraq. In response to the Red Sea attacks, the U.S. and U.K. governments last week began launching missile strikes against Houthi positions in Yemen. While the U.S. has hit Iranian proxies in Syria and Iraq since the Gaza war began, the missile strikes marked the first U.S. attack on the Yemeni group. Iran's foreign minister told CNBC on Tuesday that the Houthis "are not receiving any orders or instructions from us."

Persons: Pakistan —, Masrour Barzani, Hossein Amirabdollahian, Ebrahim Raisi, Israel —, Umar Karim, Iran — Organizations: United Arab Emirates, . Security, CNBC, Economic, Iranian, Islamic, Sepah, Anadolu Agency, Getty, King Faisal Center for Research, Islamic Studies, Middle, Iran Yemen's Locations: DUBAI, United Arab, Iran, Iraq, Syria, Pakistan, Israel, Gaza, Baghdad, Kurdistan, Tehran, Israeli, U.S, Erbil, Iraqi Kurdish, Davos, Islamic State, Balochistan, Israel — Tehran, Lebanon, Hamas, Yemen, Red

☆ The Israel-Hamas war has already forced U.S. military action. Is war with Hezbollah next?
▼ + stars: | 2024-01-16 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Picture Alliance | Picture Alliance | Getty ImagesIs a wider Middle East war — expanding beyond the borders of Gaza and Israel — inevitable? An all-out war between Israel and Hezbollah — the Iranian-backed Lebanese Shia militant organization designated as a terrorist group by the U.S. and UK — would be devastating for both sides. Lebanon, meanwhile, is in the midst of economic and political crisis, its infrastructure wholly unprepared for a new war. Evelyn Hockstein | Afp | Getty ImagesFor Charles Freilich, a former Israeli deputy national security adviser, war between Israel and Hezbollah is practically a foregone conclusion. But, he warned, "The war in Gaza pales in comparison to what a war with Hezbollah would look like.

Persons: Wissam tawil, Antony Blinken, Evelyn Hockstein, Charles Freilich, Freilich, Nimrod Novik, Hassan Nasrallah, Israel —, Naim Qassem, Wissam Tawil, Mahmoud Zayyat Organizations: Iranian, Getty, Israeli Air Force, State Department, Jan, Hezbollah, U.S, Afp, Haaretz, Israel Policy Forum Locations: Lebanese, Khirbit, Gaza, Israel, Lebanon, Yemen, Iran, Red, . Washington, Doha, Tel Aviv, Kherbet Selm

☆ Russian demand for Dubai property is slowing — but China's is picking up, DAMAC chairman says
▼ + stars: | 2024-01-16 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

But that wave is slowing down, DAMAC Chairman Hussain Sajwani says. But other countries are coming in strong, especially Chinese coming back," Sajwani told CNBC's Dan Murphy at the World Economic Forum in Davos, Switzerland on Tuesday. "Dubai is, you know, surrounded by more than 100 countries with all kinds of issues and challenges. While China's economy faces challenges at home, Dubai is benefitting from those who can spend outside of the country. "So a lot of people coming and residing in Dubai anyway."

Persons: Hussain Sajwani, Sajwani, CNBC's Dan Murphy Organizations: Economic Locations: Russia, Ukraine, Gulf, China, Davos, Switzerland, India, Europe, Dubai, Israel, UAE

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