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After President Joe Biden proved the claim wrong on Thursday by securing the release of Gershkovich and others in a multi-country prisoner exchange, Trump posted a series of skeptical questions on social media. Among other things, Trump wrote: “Are we releasing murderers, killers, or thugs? FactCheck.org debunked this Trump claim about his record on securing the release of American prisoners abroad when he previously made it in 2022. Trump acknowledged at the time that this was a prisoner exchange, telling reporters in 2019: “Yeah, we’re very happy to have our hostage back. And there was a one-on-one hostage swap.”Federal prosecutors also dropped charges against the Iranian scientist’s two co-defendants soon after the prisoner exchange.
Persons: Donald Trump, Evan Gershkovich, Joe Biden, Gershkovich, Trump, , Jake Sullivan, FactCheck.org, , Xiyue Wang, Kevin King, Timothy Weeks, Michael White, Sandra Loli, Mikael Gidada, Turkey Trump, Recep Tayyip Erdogan, Andrew Brunson, Erdogan, Brunson Organizations: Washington CNN —, Wall Street, Biden White House, Trump, Republican, Princeton University, Navy Locations: Iran, Afghanistan, Yemen, Oman, Turkey, Israel, Turkish
CNN —President Joe Biden is weighing more US defenses in the Middle East as the US prepares for an Iranian retaliation against Israel that officials say could include an attack on American forces. The statement did not detail what new deployments would occur ahead of an anticipated Iranian attack in response to the assassination of Hamas leader Ismail Haniyeh in Tehran. The officials said an Iranian response could occur in the coming days. Israel Defense Forces spokesman Rear Adm. Daniel Hagari said that “international partners” have bolstered their forces in the region, though he did not specify which countries. The US is expecting the anticipated Iranian attack may be similar to the barrage of ballistic missiles and drones launched against Israel on April 13, officials said.
Persons: Joe Biden, Benjamin Netanyahu Thursday, Biden, Ismail Haniyeh, Theodore Roosevelt, “ We’re, Benjamin Netanyahu, ” Biden, Joint Base Andrews, Haniyah, , Daniel Hagari, Israel’s, Jordan, Hassan Nasrallah, Israel, Haniyeh Organizations: CNN, Israeli, Pentagon, US Central Command, Navy, USS, Marine, Joint Base, Islamic Revolutionary Guard Corps, Israel Defense Forces, Defense, Israel Locations: Israel, Tehran, Gulf of Oman, Aden, Lebanon, Iraq, Syria, Iranian, Jordan, Iran, Beirut, East
The Aeroplan® Credit Card earns points directly, or you can transfer flexible points to Aeroplan. Using Aeroplan credit cardsThe Aeroplan® Credit Card is the only U.S. credit card that earns Aeroplan points directly. Aeroplan® Credit Card cardholders can also redeem Aeroplan points toward any eligible travel purchase through Chase Pay Yourself Back. So if you transferred 60,000 Marriott Bonvoy points, you'd end up with 20,000 Aeroplan points, plus a 5,000-point bonus for a total of 25,000 Aeroplan points. Aeroplan Rewards frequently asked questionsHow can I earn Aeroplan points without flying?
Persons: we'll, Aeroplan, Chase, It's, cardholders, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you’re, Bilt, Experian, TransUnion ™, Equifax, , Hilton Organizations: Business, Business †, Marriott, Air Canada, Star Alliance, Read, Rewards, Canada, United Airlines, Lufthansa, ANA, Air, Air Canada Flying Air, Travelers, Air Canada Partner Airlines Aegean Airlines Aer Lingus Air China Air, Air Dolomiti Air India Air Mauritius Air New Zealand Air Serbia All Nippon Airways, Austrian, Avianca Azul, Airlines Bamboo Airways, Calm, North Cathay, Central Mountain Air Copa Airlines Croatia Airlines Egyptair Emirates Ethiopian Airlines Etihad Airways, GOL, Air Juneyao Airlines, Polish Airlines Lufthansa Middle East Airlines Olympic Air Oman Air PAL Airlines Scandinavian Airlines Shenzhen Airlines Singapore Airlines South African Airways SriLankan Airlines, TAP Air, Turkish Airlines United Virgin Australia Vistara, United, Air New Zealand, American Express, Chase, FDIC, Singapore Airlines, Global, TSA, Express, Hilton, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, Saks Fifth, Capital, One, Premier, Chase Travel, Sapphire, Hotel, Chase Sapphire Reserve, Aeroplan, ™ Card, Mastercard, Alliance, Coast Hotels, Hilton Honors, Radisson, Wyndham, Avis, Budget, Apple, JetBlue, Fly United, All Nippon Airways Locations: Canada, Canadian, United, Air Canada, Air Canada Flying Air Canada, U.S, cardholder, Singapore Airlines ., rideshares, Hulu, Aeroplan, Alaska, Hyatt, America, Mexico, Central America, Caribbean, Europe, East, Africa, India, Asia, Oceania, Australia, New Zealand, South America, North America, West Coast, Hawaii, Seattle, Vancouver, Tokyo, Frankfurt, Chevron
Not content with Dubai having the tallest building, the deepest pool or the highest hotel, urban design firm URB hopes to add one more superlative feather to the city’s cap: the world’s “greenest” highway. The green highway, pictured in this render, would also include a network of footpaths and green community spaces. URB‘A unique set of challenges’Creating the world’s “greenest” highway in a desert city isn’t easy, though. Pictured in this rendering, designs for the Nexgen Sustainable City, which URB has designed for Cairo. URB A Dubai developer is creating green designs for the city Prev NextAn urban utopiaThis isn’t URB’s first foray into utopian future city design.
Persons: URB, Sheikh Mohammed Bin Zayed, Baharash, ” Bagherian, , Baharash Bagherian, , Bagherian, Organizations: CNN, Dubai, United Arab Emirates, European Union, , Hub, Agri Locations: Dubai, , “ Dubai, URB “ Dubai, UAE, Hong Kong, URB, Yiti, Oman, Yas, Abu Dhabi, Cairo, City
CNN —Writings on an ancient clay tablet have allowed experts to reconstruct a Bronze Age ship made of reeds and sail it on a maiden voyage off the coast of Abu Dhabi, United Arab Emirates. It is the world’s largest reconstruction of a Bronze Age Magan boat, according to the team. The research project’s goals were to uncover ancient craftsmanship techniques, determine the connections between Bronze Age societies and better understand the role Abu Dhabi once played in Bronze Age trade. After passing five days of trials, the ship sailed toward Saadiyat Island off the coast of Abu Dhabi and the open sea on March 2 and 3. “Seeing the Magan Boat sail on the water for the first time actually took my breath away and brought tears to my eyes.”
Persons: Magan, , , Eric Staples, Abu Dhabi, Emily Harris, Umm, Robert B, Jackson, ” Jackson, Peter Magee, Marwan Abdullah Al, Marzouqi, ” Marzouqi, Abdallah Alremaithi, Ayesha Almansoori, Tayla Clelland, Mohamed Khalifa Al Mubarak, ” Clelland Organizations: CNN, United, United Arab Emirates, Zayed University, Zayed National Museum, Zayed National Museum , New York University, British Museum, ., Department of Culture Locations: Abu Dhabi, United Arab, Persian, UAE, Oman, Mesopotamia, Iraq, Pakistan, India, Zayed National Museum ,, Zayed National Museum , New York University Abu Dhabi, Umm, South Asia, Girsu, what’s, Saadiyat, Tourism,
Brent crude trades above $87, sets highest levels since April
  + stars: | 2024-07-05 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Brent crude futures were up 21 cents, or 0.2%, at $87.55 a barrel by 1922 GMT. In the previous session, Brent gained 1.3% to settle at $87.34 for its highest close since April 30. Those gains followed a larger than expected decline in U.S. crude stocks.
Persons: Brent, WTI, Martin King, King, Tamas Varga, Rosneft Organizations: Brent, . West Texas, U.S, Independence, U.S . Energy Information Administration, Reuters, RBN Energy, U.S . Federal Reserve, Saudi Aramco, OPEC, UBS Locations: Gaza, France, United Kingdom, Novorossiisk, Saudi, Asia, Oman, Dubai, OPEC, Swiss
Read previewIn the last three years, Iran's Islamic Revolutionary Guard Corps Navy has commissioned hundreds of new vessels. AdvertisementThe Shahid Hassan Bagheri is one of three new Soleimani-class missile corvettes that are the most heavily armed warships in the Islamic Revolutionary Guard Corps Navy's fleet. Despite being lightly armed, it has a record of harassing US vessels and civilian ships in the Persian Gulf. AdvertisementThree Soleimani-class corvettes, Shahid Soleimani, Shahid Hassan Bagheri, and Shahid Sayyad Shirazi, have been commissioned, while a fourth, Shahid Ra'is-Ali Delvari, is under construction. AdvertisementMahdavi will eventually be joined by another converted container ship, the Shahid Bagheri.
Persons: , Shahid Hassan Bagheri, Morteza Nikoubazl, Ayatollah Ali Khamenei, Shahid Soleimani, Nazeri, Shahid Nazeri, SAMs, Shahid Sayyad Shirazi, Shahid Ra'is, Ali Delvari, Hassan Bagheri, Abu Mahdi al, Shahid, Alireza Tangsiri, Shahid Mahdavi, 400Y8DYPlr — Mehdi H, Shahid Roudaki, Roudaki, Mahdavi, Lewis B, Puller, Shahid Bagheri, Bagheri, Tangsiri, IRGCN, Ayatollah Khamenei, Nadimi, Saviz, Diego Garcia, Benjamin Brimelow Organizations: Service, Islamic Revolutionary Guard Corps Navy, Business, Islamic Revolutionary Guard Corps Navy's, Islamic Revolutionary Guard Corps, US, Quds Force, Guard, Southern Hemisphere, American, British, Washington Institute for Near East Policy, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Iran, Saudi Arabia, Persian, Gulf of Oman, Hormuz, China, Russia, Taiwan, Norway, Yemen, Makran, Morteza, Israel, Lebanon, Hamas, Gaza, Syria, Mahdavi, West
Trump Tower is coming to Saudi Arabia
  + stars: | 2024-07-01 | by ( Matt Egan | ) edition.cnn.com   time to read: +2 min
New York CNN —The Trump Organization revealed plans Monday to develop a luxury Trump Tower in Saudi Arabia. If completed, it appears the Jeddah tower would be the Trump Organization’s first major project in Saudi Arabia. Dar Global said the project will target the “luxury Saudi Arabian market and international investors.”The new project in Saudi Arabia comes just days after the Trump Organization and Dar Global unveiled a $500 million Trump International hotel complex in Oman. The Trump Organization’s new projects in the Middle East could raise concerns about potential conflicts of interest should former President Donald Trump return to the White House. The family business is run by his sons Donald Trump Jr. and Eric Trump.
Persons: Dar, Arkan, Eric Trump, Donald Trump, Dar Global, Dar Al Arkan, Trump, ” Donald K, Sherman, ” Sherman, , Donald Trump Jr Organizations: New, New York CNN, The Trump Organization, Trump, Dar Global, Trump Organization, Dar, Trump International, The Trump, Citizens, Responsibility, Washington, CNN Locations: New York, Saudi Arabia, Jeddah, Saudi, Oman
The Trump Organization has signed a new deal with a Saudi real estate company to build a residential high-rise tower in the city of Jeddah, extending the family’s close ties with the kingdom. Saudi Arabia has become one of the few reliable sources of growth for the Trump family’s business operations, as new real estate deals in the United States have slowed or stopped since the Jan. 6, 2021, assault on the Capitol and since former President Donald J. Trump left the White House. This new deal is like other international projects the Trump family has signed over the past decade. Other projects include a resort complex in Oman and Saudi-backed golf tournaments at Trump courses in recent years. “We are delighted to strengthen our ongoing relationship with the Trump Organization and expand our portfolio by delivering premium properties to redefine Saudi Arabia’s high-growth real estate market,” Ziad El Chaar, the chief executive of the real estate firm, Dar Global, said in a statement Monday.
Persons: Donald J, Trump, ” Ziad El Chaar Organizations: Trump Organization, Trump, Capitol, White, Saudi, Dar Global Locations: Saudi, Jeddah, Saudi Arabia, United States, Oman
Washington does allow the export of some Nvidia chips to the region, and Nvidia, AMD and Intel have all indicated plans to create less powerful chips for export to the Chinese market. Ooredoo earlier this week signed a partnership with Nvidia , marking the chipmaker's first large-scale entry into the Middle East market. Qatari telecoms provider Ooredoo told CNBC Wednesday that its new tie-up with Nvidia is compliant of all U.S. regulations and will still allow it to have access to the latest technology. Ooredoo told CNBC that the deal is compliant of all U.S. regulations. Ooredoo also committed to investing $1 billion to boost its regional data center capacity even before announcing its partnership with Nvidia.
Persons: Ooredoo, Aziz Aluthman Fakhroo, CNBC's Dan Murphy Organizations: Nvidia, AMD, Intel, United, Ooredoo, CNBC, United Arab Emirates, Microsoft, Qatar Investment Authority Locations: United States, China, Qatar, Kuwait, Oman, Algeria, Tunisia, Maldives, Qatari, Washington, Abu Dhabi
Stockholm Reuters —Sweden and Iran carried out a prisoner exchange on Saturday, officials said, with Sweden freeing a former Iranian official convicted for his role in a mass execution in the 1980s while Iran released two Swedes being held there. “Iran used them both as pawns in a cynical negotiations game with the purpose of getting the Iranian citizen Hamid Noury released from prison in Sweden. Noury was freed in a prisoner swap with Iran, Sweden said on Saturday. Swedish-Iranian dual national Saeed Azizi was arrested in Iran in November 2023 on what Sweden called “wrongful grounds.”Another Swedish-Iranian dual national, Ahmadreza Djalali, arrested in 2016, remains in an Iranian jail. An emergency medicine doctor, Djalali was arrested in 2016 while on an academic visit to Iran.
Persons: Hamid Noury, Noury, Ulf Kristersson, Johan Floderus, Saeed Azizi, ” Kristersson, Kristersson, Anders Humlebo, Ahmadreza Djalali, Djalali Organizations: Stockholm Reuters —, Swedish, TT, Agency, AFP, Getty, National Council of Resistance, Islamic, European Union Locations: Stockholm, Stockholm Reuters — Sweden, Iran, Sweden, Oman, Tehran, , “ Iran, Karaj, Islamic Republic, Floderus, Israel, Iranian, Swedish
So in 2016, Badran set up her own tour company, Wander with Nada, to “show a different side of Dubai” to travelers. Her bespoke private tours are designed to suit the interests of each visitor, but her favorite itinerary is Dubai’s “old town,” a group of small neighborhoods around Dubai Creek where the city began and Badran spent her childhood. Badran leads me through the narrow alleys around the Dubai Old Souk, home to stores run by Indian-origin families. Stores in Old Dubai Souk. “Dubai is about opening your mind,” Badran says, “and embracing this diversity that makes it unique.”
Persons: Nada Badran, Badran, , , Nada, Rebecca Cairns, Al Maktoum, Sheikh Mohammed bin Rashid Al Maktoum, Al Talli, There’s, , it’s, ” Badran, Al Shindagha, Al, Djamel Boussaa, ” Boussaa, hasn’t, Rashid Haghaght, Al Karama, ” “ Organizations: CNN, , United Arab Emirates, Dubai, Heritage, UNESCO, Al Shindagha, Trading Locations: Florence, Dubai, The, Arabian, “ Dubai, , Rome, Athens, Edinburgh, UAE, Oman, today’s Iraq, Bani Yas, Al Shindagha, Suadna, South, West Asia, Al, Saudi Arabia, Al Fahidi, Jordan, Deira, Isfahan, Old Dubai, Abu Dhabi, Sharjah, Al Rigga, Souk, Old Dubai Souk, Jebel Ali, Iran, India, China
The amphibious assault ship, currently docked in New York City for Fleet Week 2024, will undergo work to carry F-35B Lightning II fighter jets. The upgrade will be "game-changer" for the capabilities and future operations of the ship, a senior officer said. AdvertisementAn F-35B Lightning II fighter aircraft sits on the flight deck of the Wasp-class amphibious assault ship USS Essex. Ken Kalemkarian/releasedThe idea of a lightning carrier has roots in the "Harrier carrier" concept, which the Bataan notably employed in Iraq in 2003. Two U.S. Air Force F-35A Lightning II aircraft operate alongside amphibious assault ship USS Bataan (LHD 5) and guided-missile destroyer USS Thomas Hudner (DDG 116) in the Gulf of Oman, Aug. 17, 2023.
Persons: , it'll, Gerald R, Ford, Trace, Chandler Harrell, Brian Cavanaugh, Cpl, Ken Kalemkarian, Thomas Hudner, Cavanaugh, Lockheed Martin Organizations: Service, Bataan, Fleet, Business, US Navy, Marine Forces Command, US Navy Nimitz, Attack Squadron, Marine Corps Air, U.S . Air Force, US, USS, Lockheed Locations: New York City, Bataan, Essex, Yuma, Ariz, Iraq, China, Australia, Japan, South Korea, Gulf of Oman, USS America
In 2007, I added an English-sounding name to my résumé in the hopes that it could help me land a job. AdvertisementToward the end of my college experience, I started preparing to get a job in petroleum engineering. AdvertisementOver time, I began to transition back to using Mukhtar. A Nigerian colleague who was like a mentor to me started using my real name. Since Arabic is widely spoken in the Middle East, I would introduce myself to new people as Mukhtar, not Mark.
Persons: , Mukhtar Kadiri, Mukhtar, I've, Mark, Mukhtar —, I'd, Mark —, I'm Organizations: Service, Business, Texas Tech University, Employers Locations: Toronto, Edo State, Nigeria, Oman, UAE, US, Canada
One familiar name stood out to US officials: the new acting foreign minister, Ali Bagheri Kani. Just last week in Oman, Kani was part of a delegation of senior Iranian officials that met indirectly with US officials, current and former officials said. In the wake of the death of so many of his top officials, US officials believe that Khamenei will work to ensure that replacements adhere to his hardline worldview. “It’s difficult to see there will be any major changes in the way Iran behaves on the world stage,” a senior administration official said. In talks with Iranian officials in Oman last week, US officials once again laid out for their counterparts the consequences of Iran’s destabilizing actions, behavior and policies, according to the senior administration official and a US official.
Persons: Ali Bagheri Kani, Kani, Biden, Ebrahim Raisi, Ali Khamenei, Raisi, Jonathan Panikoff, ” Khamenei, Khamenei, , Panikoff, , Ayatollah Ali Khamenei, Vahid, , Matt Miller Organizations: CNN, US, Supreme, Experts, Tehran ”, State Department Locations: Iran, United States, Oman, Gaza, Washington, Tehran, Israel, Kani
The Biden administration was poised to send about a dozen detainees at Guantánamo Bay to Oman for resettlement last year, but it abruptly halted the secret operation amid questions from Congress about security in the Middle East after Hamas attacked Israel, according to administration officials. None of the prisoners have ever been charged with crimes, and all of them had been cleared for transfer by national security review panels. A military cargo plane was already on the runway at Guantánamo Bay ready to airlift the group of Yemeni prisoners to Oman when the trip was called off, people familiar with the military operation said. Belongings they could take with them had been collected, signaling to the prisoners that they would soon be going. Then the plane flew away empty, and their belongings were returned.
Persons: Biden Locations: Guantánamo, Oman, Israel
Senior American and Iranian officials held talks through intermediaries in Oman this past week, the first such conversations since Iran launched a retaliatory attack on Israel with hundreds of missiles and drones last month, according to a person familiar with the recent meetings. Brett McGurk, the top White House official on Middle East policy, and Abram Paley, the deputy special envoy for Iran, attended the talks in Oman. Since the Israel-Hamas war broke out, several Iran-backed militias in Iraq and Syria have stepped up attacks on American troops, raising fears of a wider war. However, U.S. intelligence officials assess that neither Hezbollah nor Iran wants to engage in a wider war. The format of the talks in Oman was similar to ones held in January: The Americans sat in one room while their Iranian counterparts sat in another, and Omani officials shuttled between the rooms.
Persons: Brett McGurk, Abram Paley, Axios Organizations: White, Hamas, United Locations: Oman, Iran, Israel, Iraq, Syria, Lebanon, United States
A few years later she turned it into a business called UAE Trekkers, running weekend hikes while she continued teach English in the week. A lot of people don’t realize that there’s so much nature here – they’re blown away.”Amy Subaey, founder of UAE Trekkers. From this, UAE Trekkers developed a “student- centered” approach that caters to new hikers, from the classroom to the trails. UAE Trekkers’ hikes include a sunset trek across the Liwa desert in Abu Dhabi, a location used in “Dune Part Two.” UAETrekkers FZ LLCPlanning aheadBut even hikes aimed at beginners can require extensive planning. UAE Trekkers’ certified guides provide hikers with coaching on how to prepare for treks, what to bring and how to make the most of the experience.
Persons: Amy Subaey, , ” Subaey, ” Amy Subaey, Subaey, I’m, “ There’s, Organizations: CNN, United Arab Emirates, UAE, Warner Bros, , Subaey Locations: Minnesota, Bahrain, Egypt, Dubai, UAE, Dubai Subaey, Hatta, Sharjah, Fujairah, Oman, Abu Dhabi, Lima
CNN —Last week, travel and tourism industry representatives from more than 150 countries gathered at the annual Arabian Travel Market trade show, held this year in Dubai. There, CNN’s Eleni Giokos spoke with Julia Simpson, president of the World Travel and Tourism Council (WTTC), about trends in tourism in the Middle East, and the challenge of making travel more sustainable. We are here in the Middle East — this is the first time I’ve been to the Arabian Travel Market — but what’s interesting is everyone’s telling me they have never, ever seen it this busy. Simpson: Well, the GCC and Middle East is growing faster than any other region. Visitors and delegates at the Arabian Travel Market.
Persons: CNN’s Eleni Giokos, Julia Simpson, I’ve, Simpson, Saud, you’ve, We’ve, we’ve Organizations: CNN, Travel, Tourism Council, Arabian, GCC, Gulf Cooperation, United, Visitors, Oxford Economics Locations: Dubai, Abu Dhabi, Ras Al, Khaimah, United Arab Emirates, Saudi, Arabia, , Saudi Arabia, Oman, East, UAE, Gaza, Egypt
Climeworks' direct-air-capture plant can remove up to 36,000 metric tons of carbon from the air a year. AdvertisementThe startup Climeworks this week switched on the largest direct-air-capture plant, which pulls carbon dioxide from the sky and locks it away underground. Climateworks' Mammoth plant also cost hundreds of millions of dollars to build, though the company didn't disclose the exact amount. AdvertisementClimeworks aims to become large enough to remove 1 million metric tons of carbon a year by 2030 and 1 billion metric tons by 2050 — or a megaton and gigaton. The two plants could remove more than 2 million metric tons of carbon dioxide from the air each year.
Persons: Climeworks, , it's, JPMorgan Chase, Jan Wurzbacher, Wurzbacher Organizations: Service, UN, Carbon Project, Microsoft, Swiss, JPMorgan, US Department of Energy, Occidental Petroleum Locations: Mammoth, Iceland, Paris, Canada, Norway, Oman, Kenya, Louisiana, West Texas
I've been to over 100 countries, and I have five in mind I'd love to revisit. Oman is underrated and Georgia is such a special place I've been there multiple times. AdvertisementOnce you've visited over half of the world's countries, the urge to travel to every nation slowly starts to take hold of your itinerary. Here are the five countries I'd revisit in a heartbeat — and that I'd recommend to anyone planning their next trip. Surprisingly enough, none of my picks have cracked the top 10 for the most visited countries this year so far — so you may also be able to avoid summer crowds by checking them out.
Persons: I've, , you've Organizations: Service Locations: Oman, Georgia, Japan, Brazil
Central banks are on a gold-buying spree, contributing to record-high spot gold prices. Other central banks are also snapping up gold to diversify their assets on the back of a strong greenback. Other central banks are also loading up on gold. Emerging market central banks that bought gold in the first quarter of the year include Kazakhstan, Oman, Kyrgyzstan, and Poland. There are political motivations for central banks to diversify their assets, too.
Persons: , it's, bode Organizations: Service, People's Bank of China, greenback, Gold, JPMorgan, Allianz Locations: China, Turkey, India, Kazakhstan, Oman, Kyrgyzstan, Poland, United States
Oil edges up after Israel strikes Gaza, while truce talks continue
  + stars: | 2024-05-07 | by ( ) www.cnbc.com   time to read: +1 min
Oil rig and pump of H&P Rig 488 in Stanton, Texas, on June 8, 2023. Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution. Israeli forces struck Rafah on Gaza's southern edge from the air and ground and ordered residents to leave parts of the city, which has been a refuge for more than a million displaced Palestinians. Riyadh's move to raise the official selling prices for its crude sold to Asia, Northwest Europe and the Mediterranean in June also supported prices, signaling expectations of strong demand this summer. The world's top exporter hiked its flagship Arab Light crude oil price to Asia to $2.90 a barrel above the Oman/Dubai average in June, the highest since January and at the upper end of traders' expectations in a Reuters survey.
Persons: Israel Organizations: Brent, U.S, West Texas, Hamas Locations: Stanton , Texas, Israel, Rafah, Gaza, Israeli, Asia, Northwest Europe, Oman, Dubai
The floods also killed at least 19 others in Oman, including 10 children whose school bus was swept away in the deluge. A driver navigates a flooded road following a rainstorm in Dubai on May 2, 2024. Scientists linked the record rainfall that hit the UAE and Oman two weeks ago to climate change. Over a period of less than 24 hours during that event, the UAE experienced its heaviest rainfall in since records began 75 years ago. Dubai experienced the equivalent of more than a year and a half’s worth of rain in that time.
Persons: Rouhana, Abu Dhabi, CNN’s Brandon Miller Organizations: United Arab Emirates CNN — Emirates, United Arab Emirates, REUTERS, CNN, Residents, Authorities, UAE Locations: Abu Dhabi, Dubai, Oman, UAE, Ras Al, Khaimah, Abu, El
A mammoth airport in Saudi Arabia has already set records for size, but new plans in Dubai are ratcheting up the race to be the world’s busiest airport by passenger volume. Saudi Arabia’s King Fahd International Airport currently wears the crown as the largest airport in the world by area. “It will be five times the size of the current Dubai International Airport, and all operations at Dubai International Airport will be transferred to it in the coming years,” Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, said Sunday when outlining Dubai Aviation Engineering Projects’ strategic plan. The other, Dubai International Airport, was just ranked the No. Dubai AirportsAt present, Dubai World Central’s primary role is as a center for aircraft maintenance, repair and overhaul – “MRO” in industry parlance.
Persons: Saudi Arabia’s King, Atlanta’s, Jackson’s, It’s, Al Maktoum, Markus Mainka, That’s, ” Sheikh Mohammed bin Rashid Al Maktoum, , Sheikh Mohammed bin Rashid Al Maktoum, X, Paul Griffiths, Abu Dhabi’s, Foster Organizations: CNN, Saudi, Saudi Arabia’s King Fahd International, King Fahd, Atlanta’s Hartsfield, Jackson, Al, Al Maktoum International, Dubai International Airport, Dubai International, Dubai Aviation Engineering, Emirates Cargo, UAE, Emirates, Dubai Airports, Hamad International Airport, Kuwait International, Partners, Sharjah International Airport, Air Locations: Gulf States, Saudi Arabia, Dubai, Bahrain, Hartsfield, Al Maktoum, Saudi, Qatar, Muscat , Oman, Gulf, Kuwait, British, Dubai’s, Sharjah
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