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Search resuls for: "Natasha Turak"


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☆ CEO of property firm Damac expresses concerns over 'expensive' Dubai
  + stars: | 2024-09-11 | by ( Natasha Turak | ) www.cnbc.com   time to read: +2 min
DUBAI, United Arab Emirates — Dubai's property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms. For Hussain Sajwani, chairman of Dubai property giant Damac, that spells both good and bad news. "What concerns me a little bit in Dubai is that [it's] becoming an expensive city, and I've said this in the past, that Dubai [is] going to be [an] expensive city. The latest Dubai property market numbers tell a story of burgeoning demand. In July of 2024, property sales reached 49.6 billion dirhams ($13.5 billion), a 31.63% increase from the same period in 2023, according to locally-based brokerage firm Elite Merit Real Estate.
Persons: Hussain Sajwani, I've, Sajwani, CNBC's Dan Murphy Organizations: United Arab Emirates, United, Real Locations: DUBAI, United Arab, United Arab Emirates, Dubai, Riyadh
☆ 'Spook the West': Turkey's bid for BRICS both a strategic and symbolic step, analysts say
  + stars: | 2024-09-10 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024. BRICS, which stands for Brazil, Russia, India, China and South Africa, is a group of emerging market countries that seek to deepen their economic ties. Russian President Vladimir Putin shakes hands with Turkish President Recep Tayyip Erdogan during their joint press conference on September 4, 2023, in Sochi, Russia. The fact that it's led by China makes some in the West wary, who see this as a potential win for Beijing. Turkish President Recep Tayyip Erdogan (not seen) is welcomed by Chinese President Xi Jinping as part of the 11th G20 Leaders' Summit in Hangzhou, China, on September 3, 2016.
Persons: Hakan Fidan, Sefa, It's, George Dyson, Dyson, Matthew Bryza, Recep Tayyip Erdogan, Vladimir Putin, Russia —, Arda Tunca, Tunca, it's, Xi Jinping, Mehmet Ali Ozcan Organizations: Turkish, Anadolu, Getty, AK Party, NATO, Control, CNBC, EU, White House, Senior State Department, United Arab, Russia, West, China, Beijing, Anadolu Agency Locations: Nizhny Novgorod, Russia, Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, UAE, Western, Turkey, Europe, U.S, Ankara, Istanbul, Ukraine, Saudi Arabia, United Arab Emirates, Russian, Sochi, United States, BRICS, Turkish, Hangzhou
☆ No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
  + stars: | 2024-08-23 | by ( Natasha Turak | ) www.cnbc.com   time to read: +4 min
Riyadh, Saudi Arabia. The fund's investments in domestic infrastructure and real estate development grew 15% year-on-year to 233 billion riyals, while its foreign investments increased 14% to 586 billion riyals. The days of viewing Saudi Arabia as a mere financial reservoir are ending," Tarik Solomon, chairman emeritus at the American Chamber of Commerce in Saudi Arabia, told CNBC. watch nowSaudi Arabia's recently-updated Investment Law seeks to attract more foreign investment as well — and it's set itself a lofty goal of $100 billion in annual foreign direct investment by 2030. Spurring greater foreign buy-in "should also ease the burden that has recently been placed on the Public Investment Fund to offset the weaker foreign investment into the Kingdom," he added.
Persons: Tarik Solomon, —, Solomon, James Swanston, We've, Swanston Organizations: Getty Images, Public Investment Fund, Saudi, American Chamber of Commerce, CNBC, Eastern, Saudi Arabia's, Gulf, Capital Economics Locations: Riyadh, Saudi Arabia, Getty Images Saudi Arabia, Saudi, James Swanston , Middle East, Africa
☆ U.S. sends more forces and military hardware to the Middle East in anticipation of Iranian attack on Israel
  + stars: | 2024-08-12 | by ( Natasha Turak | ) www.cnbc.com   time to read: +1 min
This handout photo provided by the US Navy shows the aircraft carrier USS Abraham Lincoln, left, in 2019. The U.S. is sending more troops and military hardware to the Middle East as it seeks to increase the resources available to "defend Israel," the Pentagon said in a statement. It comes against the backdrop of Iran's leadership vowing retaliation against Israel after the killing of Hamas' former political chief Ismail Haniyeh in Tehran on July 31. Iran, which supports Hamas, says Israel carried out the assassination. Tehran has not yet responded militarily to the act, leaving its adversaries and the wider region on tenterhooks.
Persons: Abraham Lincoln, Lloyd Austin, Pat Ryder, Yoav Gallant, Ismail Haniyeh, Israel Organizations: US Navy, Pentagon, . Defense, Pentagon Press, Austin, Israel's Locations: U.S, United States, Israel, Tehran, Iran, tenterhooks
☆ Hamas' new political leader Yahya Sinwar is seen as more extreme — and less willing to compromise
  + stars: | 2024-08-07 | by ( Natasha Turak | ) www.cnbc.com   time to read: +4 min
Yahya Sinwar (C), Palestinian leader of Hamas in Gaza Strip, greets people during an event marking the 35th anniversary of the establishment of Hamas in Gaza City, Gaza on December 14, 2022. Ali Jadallah | Anadolu | Getty ImagesHamas on Tuesday appointed Yahya Sinwar as the leader of its political wing following the assassination of its former political chief, Ismail Haniyeh. The Middle East has been on edge following the killing of Haniyeh in Iran on July 31, which Iran and Hamas blamed on Israel. In 2015 he was designated a terrorist by the U.S. government, and in 2017 he was elected the leader of Hamas. Yahya Sinwar chairs a meeting with leaders of Palestinian factions at his office in Gaza City, April 13, 2022.
Persons: Yahya Sinwar, Ali Jadallah, Ismail Haniyeh, Michael Horowitz, Le, Sinwar, –, Victor Tricaud, Tricaud, Butcher, Khan, Gilad Shalit, Adel Hana, Benjamin Netanyahu, Yoav Gallant Organizations: Anadolu, Getty, intel, Le Beck, Palestinian, Israel, Hamas, CNBC, U.S ., Criminal Court Locations: Gaza, Gaza City, Haniyeh, Iran, Israel, Qatar
☆ Oil giant Saudi Aramco's second-quarter profit dips 3% on lower crude production volumes
  + stars: | 2024-08-06 | by ( Natasha Turak | ) www.cnbc.com   time to read: +1 min
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Saudi state oil giant Aramco reported $29.1 billion in net profit for the second quarter, a dip of just over 3% from the same period last year as crude production volumes remained low. Net income from the first half of the financial year was $56.3 billion, down from $62 billion during the same period last year. The firm also posted free cash flow for the second quarter of $19 billion compared to $23.2 billion one year prior. Aramco reaffirmed its second-quarter base dividend of $20.3 billion, and declared a performance-linked dividend of $10.8 billion to be paid in the third quarter.
Persons: Amin Nasser, Capital, Brent Organizations: Aramco, Plaza Conference, Al Locations: Dhahran, Saudi Arabia, Saudi, Riyadh
☆ Turkey blocks Instagram throughout country amid complaints of censorship of Hamas posts
  + stars: | 2024-08-02 | by ( Natasha Turak | ) www.cnbc.com   time to read: +2 min
Turkey blocked access to Instagram for its 85 million people, the country's Information and Communication Technologies Authority announced Friday morning. According to Turkish media, there are more than 50 million users of the photo-sharing app in the country. Reports however suggest the ban was a response to the Meta -owned platform removing posts related to the death of Hamas leader Ismail Haniyeh. Iranian officials and Hamas blame Israel for what they say is an assassination, while Israel has declined to comment. Fahrettin Altun, head of Turkey's presidential communications and an aide to Turkish President Recep Tayip Erdogan, on Wednesday criticized Instagram, accusing it of censorship.
Persons: Instagram.com, Ismail Haniyeh, Haniyeh, Israel, Fahrettin Altun, Recep Tayip Erdogan, Instagram, Altun, Meta, Israel —, Erdogan Organizations: Communication Technologies, Turkey's Daily, CNBC, Turkish Locations: Turkey, Turkish, Turkey's, Turkey's Daily Sabah, Tehran, Israel, Gaza
☆ Israeli military says it killed Hamas armed wing leader Mohammed Deif in Gaza airstrike last month
  + stars: | 2024-08-01 | by ( Natasha Turak | ) www.cnbc.com   time to read: +2 min
Israel's military on Thursday said it killed the chief of Hamas' military wing, Mohammed Deif, in an airstrike in July. "We can now confirm: Mohammed Deif was eliminated," the Israel Defense Forces posted on its official X account. The October attack set off the ongoing Israel-Hamas war, now in its tenth month, and the Israeli military offensive in the Gaza enclave that local authorities say has killed more than 39,000 people. The Israeli military said that the strike that killed Deif took place on July 13 and hit a compound on the outskirts of Khan Younis, near a tent encampment for displaced Palestinian people. Gallant added: "Israel's defense establishment will pursue Hamas terrorists — both the planners and the perpetrators of the 07.10 massacre.
Persons: Khan Yunis, Mohammed Deif, Khan Younis, Deif, Yahya Sinwar, Ismail Haniyeh, Yoav Gallant, Osama Bin Laden, Gallant, — Organizations: Palestinian, Hamas, Israel Defense Forces, IDF, CNBC, Israeli Locations: Rafah, Gaza, Israel, Khan, Tehran, Hamas, Iran
☆ Iran says Israel will 'pay heavy price' after death of top Hamas leader Ismail Haniyeh
  + stars: | 2024-07-31 | by ( Natasha Turak | ) www.cnbc.com   time to read: +1 min
Iranian officials are condemning what they say was an Israeli strike on Tehran that killed Hamas leader Ismail Haniyeh. Palestinian militant organization Hamas and Iran's Revolutionary Guard issued separate statements confirming the death of the longtime political leader of Hamas early Wednesday and blamed Israel, which has not yet commented on Haniyeh's death. Tehran Mayor Alireza Zakani and former commander of the Iranian Revolutionary Guard, Mohsen Rezaei, in separate comments said that Israel will "pay a heavy price," according to Iranian state media. Tehran and other countries that do not recognize the state of Israel frequently refer to it as "the Zionist regime." He was made the head of Hamas' political wing in 2017 before moving to Qatar in exile in 2019.
Persons: Ismail Haniyeh, Israel, Alireza Zakani, Mohsen Rezaei, Ayatollah Khamenei, Haniyeh, Hamas Organizations: Hamas, Iran's Revolutionary Guard, CNBC, Iranian Revolutionary Guard, Zionist, politburo Locations: Israeli, Tehran, Israel, Iranian, Iran, Qatar
☆ Middle East on knife-edge after killing of Hamas leader in Iran; Israel's opponents vow retaliation
  + stars: | 2024-07-31 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
Hamas Political Bureau Chairman Ismail Haniyeh attending an exclusive interview with Anadolu in Istanbul, Turkiye on April 20, 2024. Anadolu | Anadolu | Getty ImagesThe Middle East is on edge after a dramatic escalation that saw top Hamas leader Ismail Haniyeh killed in a strike in the Iranian capital of Tehran early Wednesday. Coming hours after the killing of Fuad Shukr in Beirut, the Middle East is on an absolute knife-edge now." Iran's leadership meanwhile has said that the alleged Israeli strike is grounds for "severe punishment" and that the country must "pay a heavy price." An all-out war between Israel and Iran — and Iran's proxies such as Hezbollah — would be devastating to all sides involved.
Persons: Ismail Haniyeh, Israel, Charles Lister, Fuad Shukr, Hezbollah's, Haniyeh, Hamas, Torbjorn, Sheikh Mohammed bin Abdulrahman Al Thani, Yahya Sinwar, Sinwar, Victor Tricaud, Tricaud, Antony Blinken, Will, Yoav Gallant, Iran's, Atta Kenare Organizations: Anadolu, Getty, Middle East Institute, Hezbollah, politburo, Verisk, Qatari, Foreign, CNBC, U.S . State Department, Israel, Israeli, Israel Defense Forces, AFP Locations: Istanbul, Turkiye, Tehran, Israel, Washington, Doha, Beirut, Golan, Iranian, Lebanese, Gaza, Iran, Qatar, Singapore, Palestine Square
☆ Bella Hadid 'shocked' at 'lack of sensitivity' in Adidas ad campaign linked to 1972 Munich Olympics
  + stars: | 2024-07-30 | by ( Natasha Turak | ) www.cnbc.com   time to read: +2 min
Model Bella Hadid issued a statement after starring in a controversial Adidas campaign that the sportswear company said had an "unintentional" connection to a bloody terrorist attack. The ad campaign for Adidas' new retro trainers, called the SL72s, was a nod to the 1972 Munich Olympics. Released earlier in July, the advertisement featured Hadid holding a bouquet of flowers while wearing the shoes, which originally debuted in 1972 for the Munich Olympics. Hadid said she was not aware of the connection to the historical events of the 1972 Munich Olympics, and that she would not have taken part in the campaign had she known. "Adidas should have known and I should have done more research so that I too would have known and understood, and spoken up."
Persons: Bella Hadid, Model Bella Hadid, Hadid Organizations: Cannes, Palais des Festivals, Adidas, Munich, Dior Locations: Cannes, France, U.S, Munich's, Palestinian, Gaza
☆ Dubai set to welcome even more millionaires as wealthy individuals abandon the UK
  + stars: | 2024-07-30 | by ( Natasha Turak | ) www.cnbc.com   time to read: +1 min
The United Arab Emirates is on track to be the world's top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report. "There are push and pull factors for this trend of millionaires opting to relocate to Dubai," Karim Jetha, a longtime regional investor who relocated to the UAE from the U.K. during the pandemic, told CNBC. "Pull factors include Dubai's perception of being extremely safe and visa reforms that encourage migration." The UAE is set to see a record net inflow of 6,700 millionaires from around the world by the end of 2024, according to the Henley report, which was released in June. That's nearly double the second-ranked country on the list, the U.S., which is expected to welcome a net inflow of 3,800 millionaires in the same time frame.
Persons: –, Karim Jetha, Henley, That's Organizations: United, Henley, Wealth, UBS, Labour Party, CNBC, Labour Locations: United Arab Emirates, Swiss, Dubai, sandier, UAE, U.S
☆ Palestinian rivals Hamas and Fatah sign reconciliation agreement in China
  + stars: | 2024-07-23 | by ( Natasha Turak | ) www.cnbc.com   time to read: +3 min
China's Foreign Minister Wang Yi on July 23 hailed an agreement by 14 Palestinian factions to set up an "interim national reconciliation government" to govern Gaza after the war. Rival Palestinian factions Hamas and Fatah agreed to end their long-standing enmity and work to form a national unity government following talks held in China, Chinese state media reported Tuesday. "On the morning of July 23, the closing ceremony of the reconciliation dialogue among Palestinian factions was held in Beijing. In the months since, Israel's retaliatory assaults on the Gaza Strip have killed nearly 39,000 Palestinians there, according to health authorities in the enclave. Fatah, formally called the Palestinian National Liberation Movement, is led by Mahmoud Abbas, the President of the Palestinian Authority (PA).
Persons: Mahmoud al, Fatah, Wang Yi, Mussa Abu Marzuk, CGTN, Mahmoud Abbas Organizations: Central Committee, China's, Hamas, CNBC, Palestinian, West Bank, U.S, Reuters, Palestinian National Liberation Movement, Palestinian Authority, West Bank — Locations: Palestinian, Diaoyutai, Beijing, Gaza, China, Beijing ., Weibo, Fatah, Israel, Hussam
☆ Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
  + stars: | 2024-07-17 | by ( Natasha Turak | ) www.cnbc.com   time to read: +3 min
Turkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a result that may come as surprising, given the country's high levels of inflation. The next-highest countries in terms of average wealth growth per adult were Russia and Qatar with nearly 20% and South Africa with just over 16%. But for Turks who own assets like homes, wealth has grown, as inflation pushes up the costs of those holdings. In a call with journalists, some of the report's authors broke down the relationship between inflation and wealth rises in Turkey. The report also noted the "currency effect", which is what changes wealth growth the most — local currency growth figures for wealth are often significantly different from those in dollar terms.
Persons: Türkiye, Samuel Adams, Adams Organizations: UBS, UBS Global Wealth Management, CNBC Locations: Turkey, Swiss, Russia, Qatar, South Africa, U.S, London, Japan
☆ Biden needs to show he's 'with it' at 'extraordinarily important' NATO summit, former diplomat says
  + stars: | 2024-07-09 | by ( Natasha Turak | ) www.cnbc.com   time to read: +3 min
watch nowThe stakes are high for the NATO alliance as the organization's 75th anniversary summit gets underway in Washington this week. "I think this NATO summit in Washington is an important moment for Joe Biden, he really has to show that he is with it, he's ready to continue to lead not only the United States of America but the NATO alliance," she told CNBC's Dan Murphy. Asked if the summit could be make-or-break for the transatlantic alliance, Gottemoeller replied: "I think it is an extraordinarily important summit for the NATO alliance; I wouldn't say it is a make-or-break. US President Joe Biden participates in the US-Nordic Leaders' Summit at the presidential palace in Helsinki, Finland, on July 13, 2023. US President Joe Biden travelled to Britain on July 9, 2023, to a NATO summit in Lithuania and will end the trip to Europe on July 13, 2023 in Finland.
Persons: Joe Biden, Donald Trump, Rose Gottemoeller, CNBC's Dan Murphy, Gottemoeller, Andrew Caballero, Reynolds, Trump, Vladimir Putin, Defence Lloyd J, Austin III, Rustem Umerov, Jens Stoltenberg, Charles Q, Brown Jr, Omar Havana Organizations: NATO, CNBC's, Nordic, AFP, Getty, Trump, Kyiv, Defence, Ukrainian Defence, United, Joint Chiefs Locations: Washington, U.S, United States, America, Helsinki, Finland, Britain, Lithuania, Europe, Ukraine, Russia, Brussels, Belgium
☆ Iran's new president may be a reformist, but change remains distant
  + stars: | 2024-07-09 | by ( Natasha Turak | ) www.cnbc.com   time to read: +6 min
Newly-elected Iranian President Masoud Pezeshkian visits to the shrine of the Islamic Republic's founder Ayatollah Ruhollah Khomeini in Tehran, Iran on July 06, 2024. Fatemeh Bahrami | Anadolu | Getty ImagesIran on Friday elected its first "reformist" president in 20 years, signaling many voters' rejection of hardline conservative policies amid low turnout of just 49%, according to official figures. Iran's sole reformist candidate Masoud Pezeshkian and ultraconservative Saeed Jalili are set to go to runoffs after securing the highest number of votes in Iran's presidential election, the interior ministry said. "This is why many Iranians have lost hope in bringing about change through the ballot boxes and are boycotting elections." "The core structure of Iran's theocratic regime, where a Supreme Leader's authority eclipses that of any president, will remain steadfastly intact… In essence, Iran's theocracy is designed to resist meaningful change."
Persons: Masoud Pezeshkian, Ruhollah Khomeini, Fatemeh, Masoud, Ibrahim Raisi, Sina, Toossi, Massoud Pezeshkian, Majid Saeedi, Mohammad Khatami, Ayatollah Ali Khamenei, Nader Itayim, Khamenei, Itayim, Mohammad Bagher Ghalibaf, Amirhossein Ghazizadeh, Hashemi Alireza Zakani, Saeed Jalili, Mostafa Pourmohammadi, Iran's, ultraconservative Saeed Jalili, Atta Kenare, Ben Taleblu, Pezeshkhian, Mahsa Amini, Amini, Mahsa, Ozan Kose, Pezeshkian's Organizations: Anadolu, Getty, Center for International, CNBC, Guardian Council, Argus Media, Vehicles, Afp, Foundation for Defense of Democracies, AFP, for Human Rights, Trump Locations: Tehran, Iran, Afrasiabi, Islamic Republic, Mideast, Washington, Pezeshkian, Kurdish Iranian, Iranian, Istanbul
☆ Iran elects reformist Masoud Pezeshkian in presidential runoff vote
  + stars: | 2024-07-06 | by ( Natasha Turak | ) www.cnbc.com   time to read: +3 min
FILE PHOTO: Presidential candidate Masoud Pezeshkian shows the victory sign during a campaign event in Tehran, Iran June 23, 2024. Majid Asgaripour | Via ReutersIran elected Masoud Pezeshkian to its presidency, in an unexpected victory for the country's reformist camp amid deep social discontent, economic hardship, and regional war. Pezeshkian won 16.3 million votes, according to reports which cited the local authorities, with the election seeing a 49.8% turnout. The most moderate of the candidates, he formerly served as minister of health under Iran's last reformist president, Mohammad Khatami, from 1997 to 2005, and Khatami among other reformist politicians endorsed him. Iran's sole reformist candidate Masoud Pezeshkian and ultraconservative Saeed Jalili are set to go to runoffs after securing the highest number of votes in Iran's presidential election, the interior ministry said.
Persons: Masoud Pezeshkian, Majid Asgaripour, Pezeshkian, Saeed Jalili, Mohammad Khatami, Khatami, Mohammad Bagher Ghalibaf, Amirhossein Ghazizadeh, Hashemi Alireza Zakani, Mostafa Pourmohammadi, Iran's, ultraconservative Saeed Jalili, Atta Kenare, Ayatollah Khamenei, Sina Organizations: Via Reuters, Islamic Consultative Assembly, Afp, Getty, House, Revolutionary Guards, Center for International, CNBC, U.S, Supreme, Revolutionary Guard Locations: Tehran, Iran, Via, Via Reuters Iran, Washington, Israel, Iranian
☆ Can Israel's Iron Dome be overrun? System's capabilities in focus amid rising risk of war with Hezbollah
  + stars: | 2024-07-05 | by ( Natasha Turak | ) www.cnbc.com   time to read: +6 min
Israel's Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from Ashkelon, in southern Israel, October 20, 2023. It has a success rate of around 90%, according to the Israel Defense Forces. An Iron Dome launcher fires an interceptor missile as rockets are fired from Gaza, in Ashkelon, Israel May 10, 2023. Amir Cohen | ReutersThe Iron Dome also intercepts around 90% of the near-daily rocket attacks from Hamas and other militant groups in Gaza, the IDF claims. Hamas' rockets and missiles, by comparison, are estimated to number in the tens of thousands.
Persons: Amir Cohen, Israel —, Rafael, —, Miri Eisin, Eisin, credibly, Victor Tricaud, Tricaud, Wissam tawil Organizations: Reuters, U.S, Palestinian, Hamas, Israel Defense Forces, Defense Ministry, Rafael Advanced Defense Systems, Hezbollah, International Institute for Counterterrorism, Tel, CNBC, Israel's Reichman, Iranian, Getty Locations: Gaza, Ashkelon, Israel, Iran, Lebanese, Lebanon, Washington, Tel Aviv, Hamas, Iranian, Khirbit
☆ Iran votes for its new president amid economic strife, crackdowns and regional war
  + stars: | 2024-06-28 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
Iranians will go to the polls against the backdrop of a battered economy, widespread popular discontent and harsh crackdowns on dissent. Iran is also dealing with high inflation, heavy Western sanctions, mounting tensions with the U.S., ramped-up Iranian nuclear enrichment and the Israel-Hamas war. On issues of foreign policy and war, the Iranian president wields some influence and is the country's public-facing messenger. But power and critical decision-making in Iran ultimately lies with the supreme leader, Ayatollah Khamenei, and unelected institutions like the Revolutionary Guards. Iran's Supreme Leader Ayatollah Ali Khamenei speaks with media after casting his ballot during the Iranian Parliamentary and Assembly of Experts elections at the Leadership office in Tehran, Iran, on March 1, 2024.
Persons: ATTA KENARE, Ebrahim Raisi, —, Iran's, Ali Vaez, Rafat, Mohammad Bagher Qalibaf, Saeed Jalili, Masoud Pezeshkian, Amirhossein Ghazizadeh Hashemi, Alireza Zakani, Qalibaf, Jalili, Ayatollah Ali Khamenei, Masoud, Pezeshkian, Mostafa Pourmohammadi, Pourmohammadi, Ayatollah Khamenei, Morteza Nikoubazl Organizations: Western, U.S, Guardian Council, Council, Islamic Revolutionary Guard Corps, Supreme National Security Council, Islamic Consultative Assembly, Revolutionary, Iran's Ministry of Intelligence, House, Revolutionary Guards, Iran's, Iranian Parliamentary Locations: Tehran, AFP Iran, Iran, Israel, Iranian, Iran's, Washington
☆ Financial crimes watchdog removes Turkey from money laundering 'gray list'
  + stars: | 2024-06-28 | by ( Natasha Turak | ) www.cnbc.com   time to read: +1 min
As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background. The Financial Action Task Force, an international watchdog organization dedicated to combating money laundering and illicit cash flows, on Friday removed Turkey from its "gray list" of countries that need special monitoring, handing a major vote of confidence to the country in the midst of its economic turnaround efforts. It said that Turkey had strengthened the effectiveness of its AML/CFT regime to address "deficiencies" that FATF listed in its October 2021 monitoring report. Those deficiencies included FATF concerns over unregistered money transfer services, insufficient resources dedicated to terrorist financing investigations, alleged involvement in sanctions evasion, lack of oversight on high-risk sectors used for money laundering such as banking and real estate, and insufficient oversight of nonprofit organizations that could be used for terrorist financing, among others. The FATF in its 2021 report had found sectors like banking, construction and property in Turkey vulnerable to illicit financing of United Nations-sanctioned groups like the Islamic State and al-Qaeda.
Organizations: Force, United Nations Locations: Istanbul, Turkey, Paris, Islamic State
☆ ‘A disastrous event’: All-out war between Israel and Hezbollah could devastate both sides
  + stars: | 2024-06-27 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
An all-out war between Israel and Hezbollah — the Iranian-backed Lebanese Shia militant and political organization, called a terrorist group by the U.S. and U.K. — would be devastating for both sides. At least 150,000 residents of southern Lebanon and northern Israel have been evacuated from their homes and are internally displaced due to the regular cross-border fire. "A full-fledged war between Israel and Hizbullah would be a disastrous event for the region, including both Israel and Lebanon," Victor Tricaud, a senior analyst at consulting firm Control Risks, told CNBC. Smoke and flame rise after Hezbollah carried out a missile attack on Safed city, northern Israel on June 12, 2024. Hezbollah: 10 times stronger than HamasHezbollah is considered to be among the most heavily armed non-state groups in the world.
Persons: Rabih Daher, —, Joe Biden, Amos Hochstein, Lloyd Austin, Hizbullah, Victor Tricaud, Tricaud, Nimrod Novik, –, Hassan Nasrallah, Wissam Tawil, Mahmoud Zayyat Organizations: AFP, Getty, U.S, Hezbollah, . Defense, Palestinian, Hamas, Reuters, CNBC, Anadolu, Israel, Forum, Israel Policy Forum, Afp Locations: Lebanese, Khiam, Israel, Lebanon, Gaza, Iran, Safed, Forum Lebanon, Lebanon's, Kherbet Selm
☆ Iran's upcoming snap elections: A battle of anti-western hardliners
  + stars: | 2024-06-17 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
Iranian Leader Press Office | Anadolu | Getty ImagesIran is holding snap elections on June 28 following the sudden death of former Iranian President Ibrahim Raisi in a helicopter crash. The election will take place against the backdrop of a battered Iranian economy, widespread popular discontent and crackdowns on dissent. He described Iran's supreme leader Ayatollah Khamenei⁠ as the country's "only 'voter' of significance." Iran's Presidency | WANA | Via ReutersBut with Sunday's announcement of the approved candidates, "those hopes were largely dashed," he said. It comes after turnout for Iran's parliamentary election in March was also the lowest for a legislative contest in the Islamic Republic's history at 41%.
Persons: Ali Khamenei, Ebrahim Raisi, Hossein Amir, Ibrahim Raisi, crackdowns, Behnam ben Taleblu, Ayatollah Khamenei⁠, ben Taleblu, Nader Itayim, it's, Raisi, Khamenei, Mahsa Amini, Sanam Vakil, Itayim, ATTA KENARE Organizations: Iran's, Tehran University, Iranian, Press, Anadolu, Getty, U.S, Guardian Council, Council, Foundation for Defense of Democracies, CNBC, Western, Argus Media, Reuters, Union for Secular Republic, Human Rights, Chatham House, Islamic Locations: Tehran, Iran, Israel, Mideast, Iran's, Islamic Republic, Kurdish Iranian, East, North Africa
☆ Taylor Swift's Eras Tour shows trigger earthquake readings in Scotland; estimated $98 million economic boost
  + stars: | 2024-06-13 | by ( Natasha Turak | ) www.cnbc.com   time to read: +3 min
Taylor Swift performs at Scottish Gas Murrayfield Stadium on June 07, 2024 in Edinburgh, Scotland. Swift's Eras World Tour plays 15 dates across Scotland, Wales and England in June and August. And the financial boost to both the city and the entire country is expected to be seismic too, with Swift's Eras Tour set to add an estimated £1 billion ($1.27 billion) to the British economy, according to research from U.K. bank Barclays. Swift's Eras World Tour plays 15 dates across Scotland, Wales and England in June and August. Fans enjoy Taylor Swift's performance during The Eras Tour at SoFi Stadium in Inglewood Monday, Aug. 7, 2023.
Persons: Taylor Swift, Gareth Cattermole, Taylor, It's, Swift, Allen J Organizations: Scottish Gas Murrayfield, Getty, British Geological Survey, Barclays, Edinburgh's Murrayfield, Scotland, Los Angeles Times Locations: Edinburgh, Scotland, Wales, England, Inglewood
☆ France's Macron says he won't quit if his party loses in snap election vote
  + stars: | 2024-06-12 | by ( Natasha Turak | ) www.cnbc.com   time to read: +2 min
French President Emmanuel Macron speaks with CNBC's Andrew Ross Sorkin (not shown), in Paris on May 23, 2024. French President Emmanuel Macron on Wednesday affirmed that he would not step down if his party suffers in the recently called snap elections for France's Parliament. The snap election is a gamble for Macron, who has characterized the race as a choice for the French people between nationalism and demagoguery or liberal values and a strong, united European Union. The European Parliament election results indicated waning enthusiasm among voters for the EU, which analysts say surfaced at least in part due to rising frustration over issues like immigration, living costs and crime. France's right-wing National Rally (NR) party won a historic 31.37% of the French vote for the European Parliament, more than double the 14.6% won by Macron's Renaissance party.
Persons: Emmanuel Macron, CNBC's Andrew Ross Sorkin, Macron, Gabriel Attal Organizations: France's, CNBC, Sunday, French, Union, EU, Macron's Locations: Paris, France, Germany, Austria, Europe, it's, France's
☆ Dubai Mall, one of the world's largest, is getting even bigger with a $400 million expansion
  + stars: | 2024-06-05 | by ( Natasha Turak | ) www.cnbc.com   time to read: +1 min
A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an estimated 1.5 billion dirhams ($408 million). Spanning 12 million square feet of floor space, the mall is also connected to the Burj Khalifa, the world's tallest skyscraper. The mall's developer, Emaar Properties this week announced the building's expansion plan, which will add 240 new luxury stores and food and drink venues. "The new Dubai Mall expansion is a great addition to one of the most visited sites in the world," Mohamed Alabbar, Emaar founder, said in a statement.
Persons: Mohamed Alabbar Organizations: United Arab Emirates, SEGA Locations: Dubai, United Arab, DUBAI, Burj, UAE, Ukraine
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