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☆ Turkey opts for new tightening strategy after signaling a pause to hikes
▼ + stars: | 2024-03-15 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

A picture taken on August 14, 2018 shows the logo of Turkey's Central Bank at the entrance of its headquarters in Ankara, Turkey. Turkey's central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that its rate-hiking cycle was over. The institution sent a directive to lenders, effective Friday, instructing them to put parts of their required lira reserves into blocked accounts. Economic data platform Emerging Market Watch posted on X, describing the central bank as taking "another tightening step via reserve requirements." "Last week the CBRT tightened restrictions on lira loan growth, a move that would likely have a similar impact to an interest rate hike."

Persons: That's, Arda Tunca, Dan Murphy Organizations: Turkey's Central Bank, Reuters, CNBC, Capital Economics, FX, Economics Locations: Ankara, Turkey, Turkey's, Istanbul, Turkish, London

☆ Social media firms reject ‘shadow banning’ allegations on Palestinian-related content
▼ + stars: | 2024-03-06 | by ( Emma Graham | ) www.cnbc.com time to read: +2 min

Social media firms have responded to allegations of "shadow banning" their users for Palestinian-related content amid the conflict in Gaza, saying that the implication that Big Tech "deliberately and systemically suppress a particular voice" is false. They have been accused of blocking certain content or users from their online communities since the onset of the war between Israel and Hamas which started in October. Queen Rania Al Abdullah of Jordan, for example, criticized major platforms for allegedly limiting Palestinian-related content about the war. Yet, it is hard for users to trust platforms that control their content from the shadows, based on vague standards," Queen Rania told the Web Summit in Doha. Hussein Freijeh, the vice president of MENA for Snapchat, told CNBC's Dan Murphy at Web Summit Qatar last week that these firms have "a really important role to play in the region."

Persons: Queen Rania Al Abdullah of Jordan, Queen Rania, Hussein Freijeh, CNBC's Dan Murphy, Freijeh, Israel Organizations: Tech, Hamas, Human Rights, Snapchat, Web Summit Qatar, Meta, Facebook, Journalists Locations: Gaza, Israel, Doha, Palestine

☆ Etihad Airways CEO says he would like to cut costs by $100-150 million each year
▼ + stars: | 2024-03-06 | 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 EmailEtihad Airways CEO says he would like to cut costs by $100-150 million each yearEtihad Airways CEO Antonoaldo Neves tells CNBC's Dan Murphy that the airline saved more than $150 million in contract renegotiation and managed to block the effect of inflation in the cost lead sheet last year.

Persons: Antonoaldo Neves, CNBC's Dan Murphy Organizations: Etihad Airways, renegotiation

☆ Does the UAE need two major air carriers?
▼ + stars: | 2024-02-23 | by ( Dan Murphy | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoes the UAE need two major air carriers? CNBC's Dan Murphy sits down with Antonoaldo Neves, CEO of Etihad Airways and asks whether the UAE needs both Emirates and Etihad?

Persons: Dan Murphy, Antonoaldo Neves Organizations: Etihad Airways, Emirates, Etihad Locations: UAE

☆ Tour Etihad’s newest plane with the airline’s CEO
▼ + stars: | 2024-02-23 | by ( Dan Murphy | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTour Etihad’s newest plane with the airline’s CEOAntonoaldo Neves, CEO of Etihad Airways, gives CNBC's Dan Murphy an exclusive tour inside the airline's latest plane, the 787-9 Dreamliner.

Persons: Antonoaldo Neves, Dan Murphy Organizations: Etihad Airways

☆ Etihad CEO: This is how we are going to deliver future profits
▼ + stars: | 2024-02-22 | by ( Dan Murphy | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtihad CEO: This is how we are going to deliver future profitsCNBC's Dan Murphy sits down with Antonoaldo Neves, CEO of Etihad Airways, to discuss the airline's performance and future prospects.

Persons: CNBC's Dan Murphy, Antonoaldo Neves Organizations: Etihad, Etihad Airways

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

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

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

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

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

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

☆ Lessons from COP: Charting a path for climate action
▼ + stars: | 2024-01-25 | 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 EmailLessons from COP: Charting a path for climate actionCNBC's Dan Murphy speaks to Badr Jafar, the CEO of Crescent Petroleum, Daniel F. Feldman, partner at Covington, and Rachel Kyte, founding co-chair at The Voluntary Carbon Markets Integrity Initiative.

Persons: Dan Murphy, Badr Jafar, Daniel F, Feldman, Rachel Kyte Organizations: Crescent Petroleum, Covington, Initiative

☆ Here's what happened at the 2024 World Economic Forum in Davos
▼ + stars: | 2024-01-22 | 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 EmailHere's what happened at the 2024 World Economic Forum in DavosCNBC's Dan Murphy reports on what happened at the event against the backdrop of the Russia-Ukraine war, soaring tensions in the Middle East and the United States' election year.

Persons: Davos CNBC's Dan Murphy Organizations: Davos CNBC's Locations: Davos, Russia, Ukraine, United States

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

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

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

☆ Israel is a dynamic and resilient economy that will bounce back, Bank of Israel governor says
▼ + stars: | 2024-01-17 | 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 EmailIsrael is a dynamic and resilient economy that will bounce back, Bank of Israel governor saysAmir Yaron, Bank of Israel governor, speaks to CNBC's Dan Murphy about the economic challenges the country is facing amid the war in Gaza.

Persons: Amir Yaron, CNBC's Dan Murphy Organizations: Israel, Bank of Israel Locations: Gaza

☆ Iran warns the U.S. not to 'tie their destiny' to the fate of Israel's Netanyahu
▼ + stars: | 2024-01-17 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Iran's foreign minister warned the U.S. not to "tie their destiny" to the fate of Prime Minister Benjamin Netanyahu, and said Washington's full support for Israel is "the root of insecurity in the region." "The U.S. should not, Mr. [Joe] Biden should not tie their destiny to the fate of Netanyahu," Iran's Foreign Minister Hossein Amir-Abdollahian told CNBC's Dan Murphy on the sidelines of the World Economic Forum in Davos. The U.S. has expressed steadfast support for Israel in its war against Hamas in Gaza. In the aftermath of the attack, U.S. President Joe Biden flew to the country in a show of solidarity, pledging billions of dollars in military support. "The full-scale cooperation of Biden and the White House with thugs like Netanyahu in Israel is the root of insecurity in the region," Amir-Abdollahian added.

Persons: Benjamin Netanyahu, Joe, Biden, Netanyahu, Hossein Amir, Abdollahian, CNBC's Dan Murphy, Joe Biden, Antony Blinken, Amir Organizations: Israel, Economic, Hamas, White Locations: U.S, Davos, Israel, Gaza, Palestinian

☆ Watch CNBC's full interview with Iran's foreign minister in Davos as tensions escalate in the Red Sea
▼ + stars: | 2024-01-17 | 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 EmailWatch CNBC's full interview with Iran's foreign minister in Davos as tensions escalate in the Red SeaIran's Foreign Minister Hossein Amir-Abdollahian speaks to CNBC's Dan Murphy on the sidelines of the World Economic Forum in Davos.

Persons: Hossein Amir, Abdollahian, CNBC's Dan Murphy Organizations: Iran's, Economic Locations: Davos

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

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

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

☆ UAE economy minister speaks about the latest push to diversify the non-oil economy
▼ + stars: | 2024-01-16 | 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 EmailUAE economy minister speaks about the latest push to diversify the non-oil economyAbdullah bin Touq al Marri, the UAE economy minister, speaks to CNBC's Dan Murphy on how the country is targeting 7% annual growth in order to reach its GDP goal.

Persons: Abdullah bin Touq al Marri, CNBC's Dan Murphy Organizations: UAE Locations: UAE

☆ Saudi Arabia nearly doubles estimate for the value of its mineral resources
▼ + stars: | 2024-01-10 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during its Future Minerals Forum held in Riyadh this week, ministers told CNBC. Estimates for the kingdom's untapped mineral reserves have jumped from $1.3 trillion in a 2016 forecast to $2.5 trillion, according to Saudi Mineral Resources and Industry Minister Bandar Al Khorayef. The resources include gold, copper, phosphate and rare earth elements, offering new sources of subterranean wealth on top of Saudi Arabia's mammoth oil reserves. "We are very excited about this news ... it's really a result of what we have been doing in the last four years," Al Khorayef told CNBC's Dan Murphy on Wednesday. Saudi Arabia has developed 33 new exploration sites for mining, and aims to award foreign investors more than 30 mining exploration licenses in 2024, it announced at the forum.

Persons: Bandar, it's, Al Khorayef, CNBC's Dan Murphy Organizations: Minerals, CNBC, Saudi Mineral Resources, Industry, Saudi Locations: Saudi Arabia, Riyadh, Bandar Al Khorayef, Africa

☆ U.S. has failed the Palestinian people, officials say after vetoed UN vote for Gaza Strip cease-fire
▼ + stars: | 2023-12-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

(Photo by Majdi Fathi/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty ImagesPalestinian officials expressed resounding disappointment after the United States vetoed a United Nations resolution calling for an immediate humanitarian cease-fire in Gaza. Yuki Iwamura | AFP | Getty ImagesThe U.S. on Friday vetoed a U.N. Security Council draft resolution that was backed by 13 Security Council members, while the United Kingdom abstained. The vote came about after U.N. Secretary-General Antonio Guterres invoked Article 99 of the U.N. charter to coalesce the 15-nation council to address the crisis in the Gaza Strip. Mohammad Shtayyeh, prime minister of the Palestinian Authority, echoed the disappointment on Sunday, describing the result as "sad" and a "shame." The internationally recognized Palestinian Authority administered the Gaza enclave before the shock win of Hamas in the elections of 2006.

Persons: Majdi Fathi, United Kingdom Husam Zomlot, CNBC's Dan Murphy, White, John Kirby, Israel, Kirby, Antonio Guterres, Yuki Iwamura, Mohammad Shtayyeh, it's, that's, Joe Biden, Benjamin Netanyahu, Antony Blinken, Brendan Smialowski, Israel —, Robert Wood Organizations: Hamas, Getty, Nurphoto, United, Doha Forum, CNBC, Air Force, Reuters, UN, United Nations Security, AFP, Security, Palestinian Authority, West Bank, Chatham House's, U.S ., Gaza, Palestinian, U.S, Afp, Israel Defense Forces Locations: Jaffa, Deir el, Gaza, Israel, United Nations, U.S, United Kingdom, Qatar, Lebanon, Washington, Lebanese, New York City, United, Vakil, Chatham, East North Africa, Doha, liaise, Tel Aviv, Palestine

☆ Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’
▼ + stars: | 2023-12-05 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

watch nowDUBAI, United Arab Emirates —The chief executive of UAE-based energy firm Crescent Petroleum on Tuesday claimed that blaming the oil and gas industry for the climate crisis "is like blaming farmers for obesity." The burning of coal, oil and gas is by far the largest contributor to climate change, accounting for more than three-quarters of global greenhouse gas emissions. "Blaming the producers of oil and gas for climate change is like blaming farmers for obesity. U.N. Secretary-General António Guterres said that the announcement was "a step in the right direction" for Big Oil and showed that the fossil fuel industry was "finally starting to wake up." Others, including former U.S. Energy Secretary Ernest Moniz, believe that the participation of energy giants should be welcomed at events such as COP28.

Persons: Majid Jafar, CNBC's Dan Murphy, Sultan Ahmed Al Jaber, Abu, COP28, António Guterres, Jafar, We're, Ernest Moniz Organizations: United Arab Emirates —, UAE, Petroleum, Crescent Petroleum, Crescent Petroleum Co, Abu Dhabi National Oil Co, United Arab Emirates national, Expo, Bloomberg, Getty, Big Oil, U.S . Energy Locations: DUBAI, United Arab, Dubai, Abu Dhabi, United Arab Emirates, U.N, New York

☆ Central banks, regulators responsible for climate-resilient financial system: Ravi Menon
▼ + stars: | 2023-12-04 | 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 EmailCentral banks, regulators responsible for climate-resilient financial system: Ravi MenonRavi Menon, managing director of the Monetary Authority of Singapore, discusses the role of central banks and financial regulators in the climate crisis on a COP28 panel hosted by CNBC's Dan Murphy.

Persons: Ravi Menon Ravi Menon, CNBC's Dan Murphy Organizations: Monetary Authority of Locations: Monetary Authority of Singapore

☆ 'We should not wait a decade to have transition plans,' former BOE governor says on climate change
▼ + stars: | 2023-12-04 | 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 Email'We should not wait a decade to have transition plans,' former BOE governor says on climate changeMark Carney, U.N. special envoy for climate action and former Bank of England governor, tells CNBC's Dan Murphy about energy transition plans at COP28.

Persons: BOE, Mark Carney, U.N, CNBC's Dan Murphy Organizations: Bank of England Locations: COP28

☆ IMF chief makes the case for carbon pricing as 'writing on the wall' for oil and gas
▼ + stars: | 2023-12-03 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Kristalina Georgieva, managing director of the International Monetary Fund, speaks during the Singapore FinTech Festival in Singapore, on Wednesday, Nov. 15, 2023. Dubai, UNITED ARAB EMIRATES — The head of the International Monetary Fund on Sunday underlined the case for carbon pricing at the COP28 climate summit, saying that the oil and gas industry recognizes "the writing on the wall." A long-time proponent of carbon pricing, IMF Managing Director Kristalina Georgieva said this approach creates an incentive for polluters to rapidly decarbonize. Carbon pricing ascertains the cost that a company needs to pay for its planet-warming emissions and is widely regarded as the most cost-effective and flexible way to cut such pollution. "For those that have adopted a carbon price, how do we get big emitters to accept that we need to accelerate decarbonization?"

Persons: Kristalina Georgieva, Georgieva, CNBC's Dan Murphy, Nature Organizations: International Monetary Fund, Singapore FinTech Festival, UNITED, EMIRATES, IMF Locations: Singapore, Dubai

☆ 'Sustainability is not just a technical challenge but a human challenge': Majid Al Futtaim CEO
▼ + stars: | 2023-12-02 | 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 Email'Sustainability is not just a technical challenge but a human challenge': Majid Al Futtaim CEOAhmed Galal Ismail, CEO of Majid Al Futtaim, stresses that "sustainability is not just a technical challenge but a human challenge" in conversation with CNBC's Dan Murphy at COP28.

Persons: Majid Al Futtaim, Ahmed Galal Ismail, CNBC's Dan Murphy Locations: COP28

☆ Google plans to operate its data centers on carbon-free energy by 2030
▼ + stars: | 2023-12-02 | 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 EmailGoogle plans to operate its data centers on carbon-free energy by 2030Google plans to operate its data centres around the world on carbon-free energy by 2030, the company's Chief Sustainability Officer Kate Brandt tells CNBC's Dan Murphy.

Persons: Kate Brandt, CNBC's Dan Murphy

☆ 'This is real money being put to real work,' World Bank president says
▼ + stars: | 2023-12-02 | 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 Email'This is real money being put to real work,' World Bank president says"This is real money being put to real work," World Bank President Ajay Banga tells CNBC's Dan Murphy, after the organization said it would put 45% of its annual financing to climate by 2025.

Persons: Ajay Banga, Dan Murphy Organizations: World Bank

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