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☆ Israeli-Moldovan rabbi living in UAE is missing; Israeli officials fear he may have been kidnapped
▼ + stars: | 2024-11-23 | by ( ) www.nbcnews.com time to read: +2 min

DUBAI, United Arab Emirates — An Israeli-Moldovan rabbi living in the United Arab Emirates has gone missing, with Israeli authorities raising the suspicion Saturday he may have been kidnapped as tensions remain high with Iran. Israeli media citing unnamed security sources reported that Zvi Kogan, who has been missing since noon Thursday, may have been kidnapped. Western officials believe Iran runs intelligence operations in the UAE and keeps tabs on the hundreds of thousands of Iranians living across the country. Iran also kidnapped Iranian-German Jamshid Sharmahd in 2020 from Dubai, taking him back to Tehran where he was executed in October. However, the Mideast wars have sparked deep anger among Emiratis, Arabs and others living in the UAE.

Persons: Zvi Kogan, Kogan, ”, Abbas Yazdi, Jamshid Sharmahd, Emiratis Organizations: United Arab Emirates —, United Arab, Local, UAE, Ben Gurion International Locations: DUBAI, United Arab Emirates, Israeli, Iran, Israel, Tehran, Gaza, Lebanon, UAE, Abu Dhabi, Dubai, British, Iranian, Tel Aviv, Jewish

☆ We're 'still very much on soft landing schedule' as far as markets are concerned, economist says
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're 'still very much on soft landing schedule' as far as markets are concerned, economist saysSimon Ballard, chief economist at First Abu Dhabi Bank, discusses the outlook for markets post-U.S. election.

Persons: Simon Ballard Organizations: Abu, Abu Dhabi Bank Locations: Abu Dhabi

☆ Are we any closer to a greener future? Leaders weigh in at the world's largest energy event
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +2 min

Fossil fuels still dominate the global energy mix at 81.5% in 2023, according to the Energy Institute. "It just goes to show how difficult it is to change the energy mix. It's because it takes time," said Lorenzo Simonelli, chairman and CEO of Baker Hughes, a global energy technology company. Takayuki Ueda, the representative director president and CEO of INPEX, a Japanese oil company, reiterated technology's role in the energy transition. Energy companies have been leaning on gas as a "reliable dispatch of power" to meet demand, said Maví Zingoni, CEO of Power at GE Vernova, an energy equipment manufacturing and services company.

Persons: Lorenzo Simonelli, Baker Hughes, Simonelli, Takayuki Ueda, Ueda, Maví Zingoni, Zingoni, Olivier Le Peuch, Le Peuch, CNBC's Dan Murphy Organizations: Energy Institute, CNBC, Energy, Power, GE Vernova, SLB Locations: Abu Dhabi

☆ Pep Guardiola signs new two-year contract with Manchester City
▼ + stars: | 2024-11-21 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Manchester City manager Pep Guardiola signed a new two-year contract extension on Thursday, extending his club tenure to over a decade. “Manchester City means so much to me,” Guardiola said in a Thursday club statement. Begiristain worked with Guardiola at Barcelona and was key to his appointment at City, having joined the club in 2012. City acknowledged the rumors surrounding Guardiola’s future in a social media video post announcing a new extension deal had been struck. The 53-year-old sounds just as driven for success as he was when he signed for City in 2016.

Persons: Pep Guardiola, ” Guardiola, Begiristain –, Begiristain, Guardiola, “, Ballon d’Or, Rodri, ” Organizations: CNN, Manchester City, Barcelona, City, Premier League, Champions League, FA, Barça, Bayern Munich, Citizens, Abu Dhabi United Group, Liverpool, Tottenham Hotspur Locations: Manchester City, –, Abu, ”

CNN —Israeli strikes on northern and central Gaza killed at least 87 Palestinians in 24 hours, local health authorities said, as the death toll in the enclave surpassed 44,000. At least 65 people were killed in Israeli strikes on northern Gaza overnight, a medical official in the enclave told CNN on Thursday, adding that the toll expected to rise. Dr. Hossam Abu Safiya, director of the Kamal Adwan Hospital in Beit Lahiya, northern Gaza, told CNN on Thursday morning that casualties were still being brought to the hospital. The strikes come as the death toll in Gaza climbs after Israel’s renewed offensive in the north of the territory. Meanwhile in Lebanon, Israel launched airstrikes on the southern suburb of Beirut early Thursday, according to Lebanon’s state-run National News Agency (NNA).

Persons: Hossam Abu Safiya, Kamal Adwan, ’ Al, Abu Safiya, Safiya, Ibrahim, Muneer Alboursh, Alboursh, Israel’s, NNA, Avichay Adraee, Amos Hochstein, Hochstein, ” Organizations: CNN, Ibrahim Amro, Getty, Ministry of Health, Health Ministry, National News Agency, Israel military’s Locations: Gaza, Beit Lahiya, Aqsa, AFP, Gaza City, Sheikh, Lebanon, Israel, Beirut, Haret, Tyre

☆ Nearly a hundred aid trucks looted in Gaza, as UN warns of ‘collapse of law and order’
▼ + stars: | 2024-11-18 | by ( Pauline Lockwood | Hira Humayun | ) edition.cnn.com time to read: +6 min

CNN —Nearly a hundred aid trucks were looted in southern Gaza on Saturday in what UNRWA, the UN agency for Palestinian refugees, has described as “one of the worst” incidents of its kind. Of the 109 trucks carrying food supplies for UNRWA and the World Food Programme from the Kerem Shalom crossing into Gaza, 97 trucks were “lost” in the looting, UNRWA told CNN in a statement Monday. Drivers were forced to unload trucks at gun point, aid workers were injured, and vehicles were damaged extensively, it said. In a report Monday that cited Gaza’s interior ministry, the Hamas-run Al-Aqsa TV channel claimed Gaza security forces had killed more than 20 people involved in looting aid trucks, though it did not specifically mention Saturday’s incident. Israel insists however that the number of aid trucks entering Gaza has risen and that it is “working tirelessly” to get aid into the enclave.

Persons: Philippe Lazzarini, Stéphane Dujarric –, ”, Lazzarini, “, ” Lazzarini, Dr, Munir Al, Bursh, Hani Badran, Kamal Adwan, Badran, Hussam Abu Safiya, Safiya, ” Safiya Organizations: CNN, UNRWA, UN, Drivers, Monday, Islamic Forces, COGAT, US State Department, West Bank, Hamas, Israel, ” CNN Locations: Gaza, Geneva, Aqsa, Israel, East Jerusalem, Beit Lahiya

☆ Scores killed by Israeli strikes on Gaza; suspects arrested for firing flares at Netanyahu's house
▼ + stars: | 2024-11-17 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +5 min

Israeli air strikes overnight and into Sunday have killed scores in Gaza, according to local health officials, as police in Israel arrested three suspects after flares were fired at Prime Minister Benjamin Netanyahu's home in the city of Caesarea. Basal said 60 people were killed after the IDF bombed houses in the city Sunday morning, and that "dozens are under the rubble." Israeli Defense Minister Israel Katz said the incident crossed “all red lines” in a post on X early on Sunday. According to Lebanon’s health ministry, Israeli attacks have killed at least 3,400 people in the country. Hezbollah attacks have killed about 100 civilians and soldiers in northern Israel, the Israeli-occupied Golan Heights and southern Lebanon over the last year, according to Israel.

Persons: Benjamin Netanyahu's, mull, Beit Lahiya, Mahmoud, Hanoun, Abu, Balah, BASHAR TALEB, Abdel Kareem Hana, Netanyahu, Israel Katz, ”, Shimon the Prophet, Israel, Beirut's, Nabih Berri, Ali Hamdan, Biden, Donald Trump Organizations: Israel Defense Forces, Civil Defense, NBC, NBC News, United Nations, Aqsa Martyrs Hospital, Getty, Israel, Hamas, Israeli Defense, IBRAHIM AMRO, Reuters, Security, Bank Locations: Gaza, Caesarea, Lebanon, U.S, Gaza's, Beit, Jabalia, Aqsa, Deir Al, Deir al, Israel, Iran, Jerusalem, Chamaa, Hreik, Lebanon’s, Beirut's, AFP, Lebanese, Lebanon’s Litani, Golan

☆ Israel pounds southern Beirut as Hezbollah considers fresh ceasefire proposal
▼ + stars: | 2024-11-16 | by ( Mostafa Salem | Eyad Kourdi | ) edition.cnn.com time to read: +3 min

Abu Dhabi CNN —Intense Israeli strikes targeted areas of Beirut’s southern suburbs Saturday as the Lebanese militant group Hezbollah considered its response to a fresh ceasefire proposal. The strikes marked the fifth straight day of Israeli attacks on the Dayiyeh region of Beirut, a Hezbollah stronghold. Israel has intensified its strikes on the capital and expanded its ground operation in southern Lebanon in recent days. The latest proposal is the first to be submitted by the US and Israel since a temporary ceasefire was negotiated in late September. Those efforts were upended when Israel killed Hezbollah leader Hassan Nasrallah in a major bombing attack in Beirut’s southern suburbs.

Persons: Lisa Johnson, Israel, Hassan Nasrallah Organizations: Abu Dhabi CNN — Intense, Hezbollah, National News Agency, CNN, Israel Defense Forces, Lebanese Ministry of Health, Getty Locations: Abu Dhabi, Lebanese, Dayiyeh, Beirut, Iran, Israel, Lebanon, Beirut’s, Haret, Beirut's, AFP, Gaza

☆ Urban areas are getting hotter. A startup from one of the world’s hottest cities wants to help
▼ + stars: | 2024-11-15 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

The urban heat island effect means that city temperatures can be several degrees higher than nearby rural regions. But detailed information about urban temperatures is scarce. Today, his company FortyGuard is focused on leveraging data and artificial intelligence (AI) technology to provide a detailed view of urban temperature dynamics. Ren said what’s most important about urban heat information is how it will be used. “The question is really, who will be the end user of your data, and who will put such urban heat information into their practices?” she says.

Persons: Jay Sadiq, Sadiq couldn’t, Smith, ”, James Voogt, Chao Ren, Sadiq, ” Sadiq, Brandon Bell, Zillow, Ren Organizations: CNN, University of Western, University of Hong, United Arab, Google Locations: Chicago, Los Angeles, Abu Dhabi, Lafayette Reservoir , California, University of Western Ontario, Hong Kong, University of Hong Kong, San Jose , California, Phoenix , Arizona, Masdar City, United Arab Emirates

Federal law enforcement officials said Thursday that they stopped a Texas man from carrying out a possible terrorist attack in Houston. "Any day we can publicly say that is a good day," the FBI's Houston field office said on social media. Anas Said, 28, was charged last month with attempting to provide material support to the terrorist group ISIS, according to an indictment filed in U.S. District Court in Texas. "He tried several times to travel to join ISIS and stated he would readily move back to Lebanon if he were released," the documents say. "If they said yes, those are the persons he would kill," the documents say.

Persons: Anas Said, Said, Israel, Abu Muhammad al, Beata Zawrzel, he'd, they'd, Baldemar Zuniga Organizations: ISIS, FBI, U.S ., Consulate, Federal Locations: Texas, Houston, U.S, Lebanon, Washington, Israel, Afghanistan, Iraq

☆ Legends of Uzbekistan: The man who measured the world
▼ + stars: | 2024-11-13 | by ( ) edition.cnn.com time to read: +4 min

But a period of immense discovery is beginning, in which every scholar hopes their theories could change our understanding of the world. One of the greatest of these and one of the most revered in Islam is Abu Rayhan Al-Biruni. Born in 973 CE in Khwarazm in northwest Uzbekistan, Al-Biruni was a man of such prodigious knowledge and scholarship that the modern city is now an ode to his name, Beruniy. Al-Biruni is considered the "father of Indian studies" GettyThe early ages of space discoveryAlongside cultural studies, Al-Biruni had a passion for astronomy, devoting 95 of his 146 books to the cosmos. The first award ceremony is scheduled in November 2025, in Samarkand during the 43rd Session of the UNESCO General Conference.

Persons: Abu Rayhan Al, Biruni, Mahmud Ghaznav, Al, Getty, Galileo Galilei, Sir Isaac Newton, Richard Dunthorne Organizations: Nations, UNESCO Executive, UNESCO, Intelligence, UNESCO General Conference Locations: Islam, Khwarazm, Uzbekistan, Al, Tehran, Lahore, India, Samarkand

☆ US Navy destroyers unscathed after fighting off a complex attack of cruise and ballistic missiles and exploding drones
▼ + stars: | 2024-11-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Two US Navy destroyers came under attack by the Houthis on Monday. The destroyers USS Stockdale and USS Spruance came under fire as they were transiting the Bab al-Mandab Strait, a strategic maritime chokepoint between the Red Sea and the Gulf of Aden. The Navy repelled multiple Houthi attacks involving at least three anti-ship cruise missiles, five anti-ship ballistic missiles, and eight one-way attack drones, Pentagon Press Secretary Air Force Maj. Gen. Pat Ryder told reporters at a press briefing Tuesday. Earlier, the Houthis said they attacked the aircraft carrier USS Abraham Lincoln in the Arabian Sea and two unnamed American destroyers in the Red Sea. The attack against the destroyers on Monday marks the latest Houthi attack on Navy warships off the coast of Yemen.

Persons: —, Stockdale, Spruance, Pat Ryder, Sea Ryder, Abraham Lincoln, Arleigh Burke, ENS Abu Qir, Ryder, Lincoln, 8Y4yqsAepd, Michael Erik Kurilla Organizations: US Navy, Pentagon, Service, Navy, Pentagon Press, Air Force, Sea, Egyptian Navy, . US Navy, Lincoln, US, Command, Aircraft, U.S . Central Command Locations: Iran, Yemen, Mandab, Aden, Red, Egyptian Navy El Suez, U.S, Gulf of Aden, Israel, Syria

☆ SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit
▼ + stars: | 2024-11-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

SoftBank reported a $7.7 billion quarterly profit on Tuesday after a loss last year. SoftBank Vision Fund's CFO told BI that "macro tailwinds" helped its public portfolio. AdvertisementGains for its Vision Fund 1, a $98.6 billion investment vehicle launched in 2016 with backing from Abu Dhabi and Saudi Arabia's sovereign wealth funds, totaled $3 billion in the second quarter. Despite the investment gain, Vision Fund 2 has lost an overall total of $21 billion since its inception. The results come as SoftBank gears up for a huge investment spree in AI to realize Son's ambitious vision.

Persons: SoftBank, —, Masayoshi, Didi Chuxing, Navneet Govil, Ola, Govil, PayPay Organizations: Service, Funds, Vision, IPOs, Nvidia Locations: Abu Dhabi, Saudi, China, OpenAI, Mexico, India, ByteDance

☆ The multi-billion dollar battle to host an F1 race is heating up
▼ + stars: | 2024-11-11 | by ( Chris Hawes | ) www.cnbc.com time to read: +3 min

Who will win a 2026 Grand Prix? "We are receiving calls from prime ministers, from governments that really want to host the Grand Prix," F1 CEO Stefano Domenicali told CNBC's "Inside Track." The Belgian Grand Prix adds an estimated $248 million to the national economy each year. Abu Dhabi, which held its first Grand Prix in 2009, spent $40 billion constructing an artificial island to do it. "It didn't have anything before the plans for the Abu Dhabi Grand Prix."

Persons: Stefano Domenicali, CNBC's, Domenicali, Abu, Saif Rashid Al Noaimi, YouGov, Robin Fenwick, Guy Antognelli, McLaren, Zak Brown, You've, Lewis Hamilton Organizations: CNBC, Abu, Grand Prix, Monaco, Monaco Government Tourist, Convention Authority, Cannes Film, Cote d'Azur, Bloomberg Locations: Thailand, South Korea, India, Rwanda, Belgian, Europe, America, Belgium, Abu Dhabi, Yas, Grand, Saudi Arabia, U.S, Monte Carlo, Monaco, Cote

CNN —More than 80 people have been killed in Israeli strikes in Lebanon and northern Gaza since late Saturday, according to reports. A man walks on rubble near damaged buildings, in the aftermath of Israeli strikes on Beirut's southern suburbs, during a Hezbollah media tour on November 9, 2024. Separately in northern Gaza, at least 41 people died when Israeli strikes hit two homes early on Sunday morning, according to the director general of the Ministry of Health in the enclave. International NGO Save the Children said in a post on X that parents, children and grandchildren were among those killed in Israeli strikes on the Jabalya residence. Dawoud Abu Alkas/ReutersPalestinians check the rubble of the Alloush family's house, levelled in an Israeli strike in Jabalya in the northern Gaza Strip on Sunday.

Persons: Simon Abi Ramia, Israel, Mohamed Azakir, Nael Chahine, NNA, Deir Qanoun, Tair Harfa, ”, Muneer Alboursh, Hossam Abu Safiya, Kamal Adwan, ” Safiya, Alboursh, Dawoud Abu Alkas, Omar Al, Biden Organizations: CNN, National News Agency, Lebanon’s Health Ministry, Rissala Scouts Association, Israel Defense Forces, IDF, Sunday, Ministry of Health, NGO, Kamal, Getty, Health Locations: Lebanon, Gaza, Almat, Debaal, Tyre, Khiam, Beirut, AFP, Deir, Hanawaih, Majdal, Baalbek ., “, Jabalya, Gaza City, Al, Ahli, United States, Israel

☆ Local impact: The multimillion-dollar payoff to hosting an F1 Grand Prix
▼ + stars: | 2024-11-10 | by ( ) www.cnbc.com time to read: +1 min

The most financially successful event to date was the first-ever Grand Prix in Las Vegas, which generated close to $1.5 billion in economic value, according to local officials. But communities had been feeling F1's local impact even before it broke into the United States. The Australian Grand Prix's economic impact came in around 266 million Australian dollars ($180 million) in 2023, according to EY. "We think it provides enormous economic impact to the state of Victoria and to Melburnians," he added. From Melbourne and Monaco to Abu Dhabi and Silverstone, learn more about F1's local impact by watching the video above.

Persons: Stuart Pringle, Pringle, CNBC's, Travis Auld Organizations: Silverstone Circuit, Formula, Grand Prix Corporation, Silverstone Locations: Las Vegas, United States, Britain, British, Melbourne, Australia, Victoria, Monaco, Abu Dhabi

☆ Bahrain Finance Minister: ‘Rising tide will lift all economies in the GCC’
▼ + stars: | 2024-11-08 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +4 min

CNN —Like many other Middle Eastern economies, Bahrain has been trying to move away from its dependence on fossil fuels. In October, the National Bank of Bahrain launched a Bitcoin investment fund, aimed at institutional investors — a first for the GCC. At the Gateway Gulf event, Bahrain’s Minister of Tourism announced the construction of 16 new hotels totaling over 3,000 rooms. However Al Khalifa believes that the success of its GCC partners will ultimately prove beneficial for Bahrain. “All of us are working together to increase economic activity, increase the pie for the whole region, and this rising tide will lift all of the economies of the region.”

Persons: ” Shaikh Salman bin Khalifa Al Khalifa, CNN’s Richard, ”, ” Al Khalifa, —, Steffen Hertog, Abu Dhabi, Hertog, Al Khalifa Organizations: CNN, Bahrain’s, Finance, National, Gulf Cooperation Council, United, United Arab Emirates, GCC, World Bank, National Bank of, Tourism, London School of Economics, Political Science, “ Locations: Bahrain, Gateway, ” “ Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab, National Bank of Bahrain, “ Dubai, Dubai, Abu, Saudi

CNN is reaching out to the Israeli military on the target of the strike. The Israeli military campaign in Gaza since the October 7 Hamas-led attacks has demolished entire neighborhoods and rendered large swathes of the strip uninhabitable. A Palestinian man searches for missing family members, after Israeli bombing flattened a building in Beit Lahiya, in northern Gaza on November 7. Most of those Palestinians were killed by Israeli attacks in the Beit Lahiya area of northern Gaza. Additionally, they said, two people were killed in a strike launched from an Israeli military quadcopter.

Persons: Mahmoud, ’, Marwan Al, ”, Avichay Adraee, “, ” Adraee, Salim Mohammed Alaa Abu Najeh, Abu Najeh, Abd Elhkeem Khaled, Moiz, Crescent Organizations: CNN, Civil Defense, Ministry of Health, AFP, Getty, Hams, Israel Defense Forces, Awda, Journalists Locations: Gaza, Jabalya, Beit Lahiya, Beit, Israeli, Israel, Al, Nuseirat, Anadolu, Rafah, Palestine, Janina

☆ Rory McIlroy thinks Donald Trump and Elon Musk could help PGA Tour and LIV Golf discussions
▼ + stars: | 2024-11-07 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +2 min

CNN —Rory McIlroy thinks that Donald Trump’s return to presidency could help unify the fractured landscape of men’s professional golf by brokering a deal between the PGA Tour and the breakaway Saudi-backed LIV Golf. When asked on Wednesday if Trump could deliver on his own assertion that he could fix the LIV-PGA Tour deal in 15 minutes, McIlroy said: “He might be able to. The US-based circuit and the Saudi Public Investment Fund (PIF), which is behind LIV Golf, remain locked in negotiations, with the initial deadline for the partnership of December 31 last year extended into 2024. When asked about the PGA Tour and LIV on the podcast, recorded Sunday ahead of the election, he added: “I’m really going to work on other things, to be honest with you. “Great news from LIV golf.

Persons: Rory McIlroy, Donald Trump’s, LIV Golf, Trump, McIlroy, He’s, Elon Musk, it’s, he’s, LIV, “, ” Trump, Bill Belichick, Jim Gray Organizations: CNN, PGA Tour, HSBC Abu Dhabi Championship, Saudi Public Investment Fund, Trump, PGA, LIV Locations: Saudi, Saudi Arabia, United States

Abu Dhabi and Jerusalem CNN —If his first term in the White House is any indication, President-elect Donald Trump is likely to keep the Middle East high on his agenda. But the Middle East has changed significantly since he left office in 2021, and all regional actors are keenly watching how the new president will navigate these shifts. Here’s how Trump’s election could affect key players in the Middle East:Israel and the PalestiniansEnding the wars in Gaza and Lebanon and integrating Israel in the Middle East are likely to be at the top of the president-elect’s Middle East agenda, analysts said. “When the war will be over, you’ll need a real restart in the Middle East,” and Trump will be the best person to bring about a “new Middle East,” Bismuth added. Nadav Shtrauchler, a political strategist who has worked closely with Netanyahu, said Trump’s election sends a message to Israel’s enemies in Iran.

Persons: Jerusalem CNN —, Donald Trump, Trump, Benjamin Netanyahu, Saudi Arabia’s King Salman bin Abdulaziz Al Saud, Prince Mohammed bin Salman, Fatemeh Mohajerani, “ Netanyahu, ”, Mustafa Barghouti, Alon Pinkas, “, ” Pinkas, Joe Biden’s, Pinkas, ” Trump, Evan Vucci, Netanyahu, haven’t, Biden, Boaz, Trump’s, Nadav, Yoav Gallant, Harris, ” Shtrauchler, Qasem Soleimani, Ali Vaez, Ayatollah Ali Khamenei, Atta Kenare, – Israel, …, ” Vaez, –, “ Trump, Vaez, Jamal Khashoggi, Hasan Alhasan, Saudi Arabia's Crown Prince Mohammed bin Salman, Mandel Ngan, ” Alhasan, “ They’re, CNN’s Dana Karni, Irene Nasser, Eyad Kourdi Organizations: Jerusalem CNN, Jewish, White House, America, Saudi, United Arab, Trump, Palestinian National Initiative, CNN, West Bank, Palm Beach Convention, Israel, Likud, Abraham Accords, Islamic, Iran Project, Crisis, Biden, Getty, US, Washington Post, Middle, International Institute for Strategic Studies, Saudi Arabia's Crown, White, Shanghai Cooperation Organization, SCO, –, Hamas Locations: Abu Dhabi, Jerusalem, Saudi, Iran, Israel, America, United Arab Emirates, UAE, East, Gaza, Lebanon, Israeli, Palm Beach, Florida, Syria, Tehran, Republic, United States, AFP, Saudi Arabia, Arab, Riyadh, Bahrain, Yemen, China, Washington, Beijing, decouple, Qatar

☆ More Iran sanctions and 'drill baby, drill': Oil market's future is still uncertain under Trump
▼ + stars: | 2024-11-06 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Luke Sharrett | Bloomberg | Getty ImagesU.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning higher oil supply and consequently lower prices. At the same time, the increased likelihood of trade wars under Trump could dampen global economic growth and slow oil demand. "But medium-term downside risk to oil demand and thus oil prices from downside risk to global GDP from a potential escalation in trade tensions." watch nowTrump expressed his enthusiasm for increased U.S. oil production while giving a speech from the Republican campaign headquarters in Florida on Wednesday, just hours before his victory was confirmed. "The only thing that will cause drill baby drill to happen is higher oil prices based on these margins."

Persons: St, Luke Sharrett, Donald Trump, it's, Trump, Goldman Sachs, Robert F, Kennedy, Jr, Bobby, Biden, Cole Smead, Smead, Patrick Pouyanne Organizations: Chevron Corp, Bloomberg, Getty, Trump, Republican, West Texas Intermediate, Brent, Smead, Energy Information Administration, CNBC, doesn't Locations: Malo, Gulf of Mexico, Louisiana, U.S, Iran, Florida, Saudi Arabia, Russia, Abu Dhabi

The dead included eight women and six children, according to a list provided by the Gaza Health Ministry’s emergency service. Separate strikes elsewhere in Gaza early Tuesday killed another 10 people, according to health officials. Israeli troops raided Kamal Adwan Hospital last month, saying Hamas militants were sheltering there, allegations denied by Palestinian health officials. A cloud of smoke follows an Israeli strike in Beit Lahia on Monday. Palestinian officials said a separate wave of Israeli strikes early Tuesday killed 10 people, including four children and two women.

Persons: Hossam Abu Safiya, Kamal Adwan, Biden Organizations: AFP, Getty, Health, Aqsa Martyrs Hospital, Associated Press, Hamas, Health Ministry Locations: Gaza, Israel, Beit Lahiya, Beit Hanoun, Gaza City, Beit Lahia, Tufah, Zuweida, Al, Aqsa, Deir, Deir al

☆ Next U.S. president shouldn't surrender America's energy dominance, TotalEnergies CEO warns
▼ + stars: | 2024-11-04 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Whoever wins the 2024 U.S. election should work to preserve America's energy dominance rather than risk losing it, TotalEnergies CEO Patrick Pouyanne told CNBC on Monday. The U.S. is the world's largest oil producer, accounting for 22% of the global total, according to the Energy Information Administration, with Saudi Arabia next, producing 11%. The vast majority of U.S. crude is consumed within the country, which is also the world's largest oil consumer. Roughly 64% of total U.S. crude oil production is shale and the French international energy firm CEO said the U.S. will also soon be No. Looking ahead to the election, former President Donald Trump and the Republican party have long been proponents of U.S. shale production, pushing for deregulation of the industry and an expansion of drilling projects — drawing the ire of climate activists and many on the left.

Persons: Patrick Pouyanne, Pouyanne, CNBC's Dan Murphy, Donald Trump Organizations: CNBC, Energy Information Administration, French, U.S, Republican Locations: U.S, Saudi Arabia, Abu Dhabi

☆ Ambani's Reliance Jio IPO set for 2025, retail debut much later, sources say
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: +2 min

Reliance Industries' boss Ambani hasn't updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would "move towards" a listing within five years. The two sources said Reliance has now firmed up plans to launch the Reliance Jio IPO in 2025 as it internally believes it has achieved a stable business and revenue stream in becoming India's No. But the retail business IPO is not expected until after 2025 as the company first needs to address some internal business and operational challenges, said the first source. Reliance Jio is set to lock horns with Elon Musk if he launches his Starlink internet service in India, and Jio, which is also backed by Google and Meta, has partnered with Nvidia to develop AI infrastructure. Reliance, however, aims for the 2025 Jio IPO to be India's biggest ever, overtaking Hyundai India's record $3.3 billion IPO this year, said the first source.

Persons: Mukesh D, Ambani, Ajay, Mukesh Ambani, Ambani hasn't, Elon Musk, Jefferies Organizations: Reliance Industries Ltd, Reuters, Reliance Industries, Reliance, KKR, General, Abu Dhabi Investment Authority, Google, Nvidia, Hyundai Locations: New Delhi, India, Mumbai, General Atlantic, Abu Dhabi

☆ 'Too much doom and gloom': OPEC chief is bullish on oil demand despite extended production cuts
▼ + stars: | 2024-11-04 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

"Well, for OPEC, we have demand growth this year at 1.9 million barrels a day," OPEC Secretary-General Haitham Al Ghais told CNBC's Dan Murphy Monday at the Adipec energy conference in Abu Dhabi. watch nowThe Vienna-based oil producer group in mid-October downwardly revised its projections for oil demand growth in the near-term, forecasting growth of 1.93 million barrels a day this year and 1.64 million barrels a day in 2025. This compared to previous forecasts of 2.03 million and 1.74 million barrels a day, respectively. The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply. When asked about concerns over China's economic trajectory, the OPEC chief replied: "We have China growing at 0.6 million barrels a day this year ...

Persons: Haitham Al Ghais, CNBC's Dan Murphy, Al Ghais Organizations: OPEC, International Energy Agency Locations: Abu Dhabi, Vienna, Paris, China, United States, U.S

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