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☆ I was an expat working in Dubai for 4 years. The culture of splurging on luxuries made saving harder than I expected.
▼ + stars: | 2024-12-03 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

AdvertisementVictoria Blinova worked in Dubai for four years at a boutique marketing firm and later at Nestlé. Victoria Blinova moved to the UAE in 2013 and spent four years working in Dubai. Weekly bottomless brunches, yacht parties, and getaways at 5-star hotels are so affordable they are part of normal life in Dubai, Blinova said. Renting a used car or having a roommate weren't normal money-saving tricks in Dubai, Blinova said. I also didn't spend money on luxurious brands, clothes, or handbags, because I didn't really care for them.

Persons: Blinova, Expats, Victoria Blinova, I've, I'm Organizations: NYU, New York University, Nissan Locations: Dubai, Nestlé, Cyprus, UAE, Abu Dhabi, London, Gaza, It's, it's

☆ Max Verstappen furious with George Russell after qualifying incident at Qatar GP
▼ + stars: | 2024-12-02 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

The stewards regarded this as a “complicated” case as both drivers were on slow laps, rather than pushing on qualifying laps. But the incident was clearly still on his mind after he had crossed the finish line, telling the media that he had “lost all respect” for Russell. “I think that’s the first time that in a slow lap someone has been penalized,” Verstappen said in the postrace press conference. All the chaos let Zhou Guanyu score his and Sauber’s first points of the season, crossing the line in P8. F1 heads to Abu Dhabi for the final race of the season this weekend.

Persons: Max Verstappen, Mercedes ’ George Russell of, Red Bull, Russell, Verstappen –, “, ”, ” Verstappen, Mark Sutton, I’ve, ” Russell, Hoch, AP Russell, Ferrari’s Charles Leclerc, McLaren’s Oscar Piastri, Verstappen, Nico Hülkenberg, Esteban Ocon, Ocon, Franco Colapinto, Alex Albon’s Williams, Ferrari’s Carlos Sainz, Russell’s, Lewis Hamilton, Lando Norris, napping, Norris, Hamilton, Mark Thompson, Zhou Guanyu, Sauber’s Organizations: CNN, Qatar, Prix, Brit, Getty, Stewards, Sky Sports, AP, Mercedes, Safety Locations: Las Vegas, British, Abu Dhabi

☆ Lewis Hamilton talks to CNN on writing one of F1’s greatest chapters with Mercedes
▼ + stars: | 2024-11-29 | by ( Aleks Klosok | Bijan | ) edition.cnn.com time to read: +7 min

Doha, Qatar CNN —For 12 seasons, Lewis Hamilton and Mercedes penned one of the most fabled stories in the history of Formula One. Hamilton will embark on an intriguing chapter with Ferrari, while Mercedes will begin a new era spearheaded by George Russell. We’ve gone through so many highs and lows together,” Hamilton told CNN Sport in Qatar in a US and UK exclusive interview ahead of this weekend’s Grand Prix there, the penultimate race of his Mercedes career. A superb showing in Las Vegas helped lift the mood on a frustrating year for Hamilton and Mercedes. Hamilton was put through the same training used to prepare the Inspiration4 and Polaris Dawn crews for commercial spaceflight missions.

Persons: Lewis Hamilton, Mercedes, –, Hamilton, George Russell, “, We’ve, ” Hamilton, there’s, ” Hamilton toasts, Bryn Lennon, Mercedes ’, Red Bull, Max Verstappen, “ We’ve, ”, “ It’s, Gary A, Vasquez, Verstappen, “ You’ve, It’s, there’ve, Peter Cziborra, I’d, I’ve Organizations: Qatar CNN —, Formula, Hamilton, Ferrari, CNN Sport, Red Bull, Spa, Las Vegas, Arrows, Reuters, triumphing, Hamilton Commission, IWC Schaffhausen, Polaris Locations: Doha, Qatar, Abu Dhabi, Istanbul, Las Vegas, Austria, Silverstone, Saudi Arabi, Texas

☆ Trump’s Middle East Envoy Has Prior Ties to Oil-Rich Nations There
▼ + stars: | 2024-11-25 | by ( Eric Lipton | ) www.nytimes.com time to read: +1 min

Steven Witkoff, the billionaire New York real estate executive whom President-elect Donald J. Trump has named as his special envoy to the Middle East, was in a jam. But there was a two-part rescue of sorts from the kind of real estate angels that New York property investors have increasingly turned to. First, Abu Dhabi’s sovereign wealth fund expanded its stake in the troubled hotel, Park Lane, which sits at the southern edge of Central Park. Then, in an even more crucial move, the Qatar Investment Authority last year dispatched $623 million as a leveraged buyout of Mr. Witkoff and his partners. The transactions — involving two oil-rich sovereign wealth funds from the Middle East — are a hint of the enormous flow of dollars pouring into U.S. real estate firms from entities associated with countries like Qatar, the United Arab Emirates, Saudi Arabia and Kuwait.

Persons: Steven Witkoff, Donald J, Trump, Witkoff’s, Abu, Witkoff Organizations: New, Justice Department, Qatar Investment Authority, Mr, United Arab Locations: New York, Manhattan, Park, Central, Qatar, United Arab Emirates, Saudi Arabia, Kuwait

☆ UAE Arrests 3 in Connection With Murder of Israeli Rabbi
▼ + stars: | 2024-11-25 | by ( Ismaeel Naar | More About Ismaeel Naar | ) www.nytimes.com time to read: +1 min

The United Arab Emirates on Monday announced the arrests of three Uzbek nationals in connection with the kidnapping and murder of an Israeli-Moldovan rabbi, an attack that raised alarm over the safety of the small Jewish community in the country. A statement from the U.A.E.’s interior ministry named the suspects in the abduction and death of Zvi Kogan as Olimboy Tohirovich, Makhmudjon Abdurakhim, both 28, and Azizbek Kamilovich, 33. and included photos of them blindfolded and handcuffed. Emirati authorities said they were still working to uncover the circumstances and motives of the crime. Israeli Prime Minister Benjamin Netanyahu called the murder “an abhorrent antisemitic terrorist attack.”Image Zvi Kogan, an Israeli-Moldovan rabbi whose body was found on Sunday, was part of the small Jewish community in the United Arab Emirates. Israeli news outlets have reported that his car was found abandoned in Al Ain, a city in the adjacent emirate of Abu Dhabi, on the border with Oman.

Persons: Zvi Kogan, Olimboy, Makhmudjon Abdurakhim, Azizbek Kamilovich, Benjamin Netanyahu, Rabbi Kogan Organizations: United, United Arab Emirates, Monday, Moldovan, Credit, UGC Locations: United Arab, Israeli, Dubai, Al Ain, Abu Dhabi, Oman

After Matt Gaetz withdrew from consideration for attorney general, President-elect Donald Trump selected former Florida Attorney General Pam Bondi for the role. Trump’s choice for second-in-command at the Justice Department is Todd Blanche, who served as his lead criminal defense lawyer in the Stormy Daniels hush money case. Jordan’s government communications minister, Mohamed Momani, described the shooting as a terror attack that targeted public security forces in the country. The one-two punch of witches and warriors delivered a strong box office weekend to kick off the holiday season. “Wicked,” the first of a two-film adaptation of the hit Broadway musical, dominated with an estimated $114 million in North America alone.

Persons: Matt Gaetz, Donald Trump, Pam Bondi, Bondi, indicting Trump, Todd Blanche, Daniels, Blanche won’t, Blanche, he’s, Rabbi Zvi Kogan, Benjamin Netanyahu, Mohamed Momani, Urologist, Darius Paduch’s, Weill, Weill Cornell urologist, Maansi Srivastava, Darius Paduch, Paduch, Press Sen, Eric Schmitt, “, ” Schmitt, Kristen Welker, Trump, Schmitt, ”, Republican Sen, Markwayne Mullin, Sarah McBride, Caroline Choe, lar Organizations: FBI, Trump, Justice, Justice Department, UAE, United Arab Emirates, Chabad Lubavitch, Jewish, Weill Cornell, NBC News BR, BR, Press, Promotion, Republican, American Farm Bureau, NBC News, Paramount Pictures Locations: Florida, Trump, Moldovan, Abu Dhabi, New York, Gulf, Jordan, Afghanistan, Turkey, North America

☆ Israel says missing rabbi was killed in UAE in 'antisemitic terrorist' murder
▼ + stars: | 2024-11-24 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +3 min

A missing Israeli-Moldovan rabbi has been found dead in the United Arab Emirates, in what Israel called an antisemitic murder on Sunday. The Israeli government said the death of Rabbi Zvi Kogan, who has been missing in the Gulf state since Thursday, was a "criminal antisemitic terrorist event." A man walks past Rimon Market, a Kosher grocery store managed by the late Rabbi Zvi Kogan, in Dubai, United Arab Emirates, on Sunday. The United Arab Emirates government gave no immediate comment or acknowledgment that Kogan had been found dead. Jamshid Sharmahd, an Iranian-German software developer living in California, was kidnapped in 2020 during a stopover in the United Arab Emirates and taken to Iran.

Persons: Rabbi Zvi Kogan, Benjamin Netanyahu, “, ” Chabad, ”, Jon Gambrell, Isaac Herzog, Kogan, Zvi Kogan, Jamshid Sharmahd, Netanyahu’s Organizations: Moldovan, United Arab, Chabad Lubavitch, Jewish, Lubavitch, Israel’s National Security Bureau, Sunday, United Arab Emirates, Emirati Interior Ministry, NBC News, UAE's Ministry of Foreign Affairs, Israel, The UAE Locations: United Arab Emirates, Israel, Gulf, Abu Dhabi, New York, UAE, Dubai, Iran, Gaza, Lebanon, The, Iranian, California

☆ Verstappen captures 4th F1 championship after Mercedes sweep of Las Vegas Grand Prix
▼ + stars: | 2024-11-24 | by ( ) www.cnbc.com time to read: +7 min

2024 F1 World Drivers Champion Max Verstappen of the Netherlands and Oracle Red Bull Racing celebrates in parc ferme during the F1 Grand Prix of Las Vegas at Las Vegas Strip Circuit on November 23, 2024 in Las Vegas, Nevada. Max Verstappen cruised to a fourth consecutive Formula 1 championship on Saturday night by finishing fifth in the Las Vegas Grand Prix. The Dutchman started fifth but was already up to second by the 10th lap around the street circuit that includes the famed Las Vegas Strip. Verstappen asked at the Bellagio what time it was, noting he was in Las Vegas and "I'm very thirsty." The trio of races in Miami; Austin, Texas; and Las Vegas are more than any other country.

Persons: Max Verstappen, Verstappen, Lando Norris, McLaren, Red Bull, Norris, Christian Horner, George Russell, Lewis Hamilton, Hamilton, Sylvester Stallone, Carlos Sainz Jr, Charles Leclerc, Oscar Piastri, Max, he's, Verstappen's, Terry Crews, Russell, he'd, Crews, Verstappen wasn't, Sainz, Leclerc, Sebastian Vettel, Sainz's, Vegas, Michael Andretti, Andretti, Dan Towriss, Mark Walter Organizations: Oracle Red Bull, Las Vegas, Circuit, Red, Ferrari, McLaren, Bellagio, Sainz's Ferrari, General Motors, Los Angeles Dodgers, Cadillac F1, Liberty Media Locations: Netherlands, parc ferme, Las Vegas , Nevada, Brazil, Abu Dhabi, Qatar, Las Vegas, United States, Miami, Austin , Texas, Vegas, American, Indiana

☆ 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, ”

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ Manchester United fires coach Erik ten Hag
▼ + stars: | 2024-10-28 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +2 min

Create your free profile or log in to save this articleCreate your free profile or log in to save this articleEnglish Premier League giants Manchester United fired coach Erik ten Hag on Monday, after two-and-a-half years at the helm of the storied club. The Dutchman was appointed in April 2022 and won the 2023 Carabao Cup and 2024 F.A. But the club failed to qualify for this season's Champions League, Europe's premier competition, and currently sits 14th in the Premier League table after making its worst start to a season in 35 years. Ten Hag was informed of the decision less than 24 hours after a 2-1 defeat to West Ham United. Brazilian winger Antony, a favorite of ten Hag from his time in charge of Dutch giants Ajax, exemplified the coach's transfer market failings.

Persons: Erik ten Hag, Justin Setterfield, Erik, Ruud van Nistelrooy, Sir Alex Ferguson, —, Sir Jim Ratcliffe, Van Nistelrooy Organizations: English Premier League, Manchester United, Champions League, Premier League, West Ham United, Scotsman, Manchester City, United, Ajax Locations: West Ham, Abu Dhabi

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