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Search resuls for: "CNBC's Dan Murphy"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAE's Alterra climate fund will drive investment in the developing world: COP28 director-generalThe UAE's new $30 billion Alterra climate fund will "drive investment in the developing world and global south," COP28 Director-General Majid al-Suwaidi tells CNBC's Dan Murphy.
Persons: Majid al, CNBC's Dan Murphy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi Arabia's Vision 2030 is 'very clear' in what it wants to achieve, ACWA Power CEO saysMarco Arcelli, ACWA Power CEO, discusses Saudi Arabia's Vision 2030 with CNBC's Dan Murphy at COP28 in the United Arab Emirates.
Persons: Marco Arcelli, CNBC's Dan Murphy Organizations: Saudi, ACWA, United Locations: COP28, United Arab Emirates
Elon Musk claims advertisers are trying to ‘blackmail’ him
  + stars: | 2023-11-30 | 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 EmailElon Musk claims advertisers are trying to ‘blackmail’ himElon Musk claimed at the DealBook summit that advertisers are trying to "blackmail" him, CNBC's Dan Murphy and Steve Sedgwick report.
Persons: , Elon Musk, CNBC's Dan Murphy, Steve Sedgwick Organizations: Elon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCreate something new instead of trying to reform the old, says Indian renewable energy firm's CEOReNew CEO Sumant Sinha speaks to CNBC's Dan Murphy and Steve Sedgwick at COP28.
Persons: Sumant Sinha, CNBC's Dan Murphy, Steve Sedgwick Locations: COP28
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe'll never achieve energy transition goals without nuclear energy, IAEA chief saysRafael Mariano Grossi, director general of the International Atomic Energy Agency, speaks to CNBC's Dan Murphy and Steve Sedgwick at COP28.
Persons: Rafael Mariano Grossi, CNBC's Dan Murphy, Steve Sedgwick Organizations: IAEA, International Atomic Energy Agency Locations: COP28
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRenewables: The 'real big money' has to be invested by private companies, says WEF presidentBorge Brende, president of the World Economic Forum, speaks to CNBC's Dan Murphy and Steve Sedgwick at COP28 in the United Arab Emirates.
Persons: Borge Brende, CNBC's Dan Murphy, Steve Sedgwick Organizations: Renewables, Economic, United Locations: COP28, United Arab Emirates
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClimate crisis: The price of inaction far exceeds the price of action, WEF president saysBorge Brende, president of the World Economic Forum, speaks to CNBC's Dan Murphy and Steve Sedgwick at COP28 in the United Arab Emirates.
Persons: Borge Brende, CNBC's Dan Murphy, Steve Sedgwick Organizations: Economic, United Locations: COP28, United Arab Emirates
The U.S. economy is "back to normal" for the first time in two decades, but the market is getting ahead of the likely pace of interest rate cuts, according to IBM Vice Chairman Gary Cohn. The central bank in September paused its historically aggressive monetary tightening cycle with the Fed funds rate target range at 5.25-5.5%, up from just 0.25-0.5% in March 2022. "You don't want to be early to leave when you're the last one to come to the party. "The economy will clearly turn down before the Fed had starts to cut interest rates, so I strongly believe that for the first half of '24, we will see no rate activity in the Fed. Maybe [in the third quarter], we'll start hearing rumblings of some forward guidance of lower rates."
Persons: Gary Cohn, Cohn —, Donald Trump, Cohn, CNBC's Dan Murphy Organizations: IBM, Federal Reserve, National Economic, Abu, Abu Dhabi Finance, Fed Locations: U.S, Abu Dhabi
As the U.S. gears up for its next presidential election in 2024, the country needs a "strong middle" political ground and bipartisan cooperation, according to Ray Dalio, founder of investment company Bridgewater. "If you bring the sides together in a bipartisan way, and you create a strong middle, that's what the country needs in order to be healthy, I believe," Dalio said Tuesday in conversation with CNBC's Dan Murphy onstage at the Abu Dhabi Finance Week. Two things are crucial for the U.S. in this process, Dalio said: Firstly, he assesses that those with extreme political views should be alienated. Secondly, the country needs to "bring together the smart moderates to work together, and then to be able to make important reforms" to enable addressing issues such as the wealth gap. Dalio expects the emergence of an alternative candidate to Trump among Republicans, as the party narrows down its final choice.
Persons: Ray Dalio, Dalio, CNBC's Dan Murphy, Louis, Dalio's, Joe Biden, Donald Trump, Biden Organizations: Bridgewater, Abu, Abu Dhabi Finance, Federal Reserve Bank of St, Democratic, Republican, The New York Times, Siena College, Trump, Republicans Locations: U.S, Abu Dhabi
Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. We're now talking about a renaissance state here that happens within this greater geopolitical and economic environment," Dalio told CNBC's Dan Murphy on Tuesday. The UAE "is a renaissance state," Dalio said. Amid higher oil prices in recent years, the region's mammoth sovereign wealth funds had ever more to spend. The region's combined 10 largest sovereign wealth funds managed some $4 trillion in early 2023, according to the Sovereign Wealth Fund Institute.
Persons: Ray Dalio, ABU, Dalio, CNBC's Dan Murphy, Dalio's Organizations: Forbes, Getty, United, United Arab Emirates, Bridgewater Associates, United Arab, CNBC, Abu, Abu Dhabi Finance, GCC, Gulf Cooperation, Dalio's Bridgewater Associates, Pensions & Investments, The, Dubai International Financial, Sovereign Wealth Fund, , Saudi Arabia's Public Investment Fund Locations: New York City, Taylor, ABU DHABI, United Arab, Gulf, United Arab Emirates, Abu Dhabi, U.S, Singapore, The UAE, UAE, Saudi Arabia, Dubai, London, New York, France
Israel and Hamas agree to a four-day truce
  + stars: | 2023-11-24 | 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 and Hamas agree to a four-day truceCNBC's Dan Murphy reports on the terms of the truce, which was brokered by Qatar, the United States and Egypt.
Persons: CNBC's Dan Murphy Organizations: Israel Locations: Qatar, United States, Egypt
X sues Media Matters, alleging defamation
  + stars: | 2023-11-21 | 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 EmailX sues Media Matters, alleging defamationX, formerly known as Twitter, is suing the media watchdog group after a report claiming that advertisements of major brand names are appearing alongside antisemitic content. CNBC's Dan Murphy reports.
Persons: CNBC's Dan Murphy Organizations: X, Media
UAE defense conglomerate Edge speaks about its latest technology
  + stars: | 2023-11-17 | 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 EmailUAE defense conglomerate Edge speaks about its latest technologyFaisal Al Bannai, Edge Group chairman, speaks to CNBC's Dan Murphy at the Dubai Airshow.
Persons: Faisal Al Bannai, CNBC's Dan Murphy Organizations: UAE, Edge, Edge Group, Dubai Airshow
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We clearly need more capacity,' Dubai Airports CEO says after Boeing signs $52 billion deal with Emirates"We clearly need more capacity," Dubai Airports CEO Paul Griffiths tells CNBC's Dan Murphy after Boeing signs a $52 billion deal with Emirates.
Persons: Paul Griffiths, CNBC's Dan Murphy Organizations: Dubai, Boeing, Emirates Locations: Emirates
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWill a handshake in San Francisco save the U.S.-China relationship? Will a handshake in San Francisco save the U.S.-China relationship? CNBC's Dan Murphy and Sam Vadas speak to former U.S. Secretary of Commerce for International Trade Frank Lavin for more.
Persons: CNBC's Dan Murphy, Sam Vadas, Commerce for International Trade Frank Lavin Organizations: U.S ., Commerce for International Trade Locations: San Francisco, U.S, China
A Boeing 777x is displayed during the International Paris Air Show at the ParisLe Bourget Airport, on June 20, 2023. Boeing Commercial Airplanes CEO Stan Deal says 2023 has been a year of orders for widebody aircraft with the U.S. manufacturer expecting to announce more deals at this week's Dubai Airshow. His comments come after reports that Boeing and Emirates are close to agreeing a major order of 777 jets, adding to the Emirati flag carrier's existing order backlog of 155 777X aircraft from Boeing. "We've seen strong recovery in the narrow-body ordering in 2022 and now in 2023 it seems to be the year of widebody orders, and I suspect as you see this show unfold, you're going to see many more widebody orders for the industry," Deal, who is also the executive vice president of Boeing, told CNBC's Dan Murphy. Earlier this year, Saudi Arabian flag carrier Saudia and the newly-established Riyadh Air each logged orders for 39 of Boeing's 787 Dreamliner jets, and Deal believes demand from the Gulf will continue to grow rapidly.
Persons: Stan Deal, We've, CNBC's Dan Murphy Organizations: Boeing, International Paris Air, Boeing Commercial, Emirates, Riyadh Air, Deal Locations: ParisLe, U.S, Dubai, Saudi Arabian, Riyadh
Etihad Airways CEO: Competition is very much welcomed
  + stars: | 2023-11-13 | 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: Competition is very much welcomedAntonoaldo Neves, Etihad Airways CEO, speaks to CNBC's Dan Murphy about competition in the region.
Persons: Antonoaldo Neves, CNBC's Dan Murphy Organizations: Etihad Airways
The CEO of blockchain company Ripple has some strong words for the U.S. Securities and Exchange Commission. Brad Garlinghouse told CNBC's Dan Murphy at the company's Ripple Swell conference in Dubai that he thinks the agency has lost sight of one of its key tasks as a regulator. "I think the SEC, in my opinion, has lost sight of their mission to protect investors. The SEC in 2020 accused Ripple and its executives of conducting a $1.3 billion securities fraud via sales of XRP to retail investors. Then, in October, the SEC dropped its securities law violation charges against Garlinghouse and Ripple executive Chris Larsen.
Persons: Brad Garlinghouse, CNBC's Dan Murphy, Garlinghouse, Ripple, Chris Larsen, Chris, Brad Organizations: U.S . Securities, Exchange Commission, SEC, CNBC Locations: Dubai, United States
Mohamed Aly El-Erian, chief economic advisor for Allianz SE, during a Bloomberg Television interview in London, UK, on Monday, Sept. 25, 2023. El-Erian spoke alongside former UK Prime Minister Gordon Brown and economist Michael Spence, his co-authors for their book Permacrisis: A Plan to Fix a Fractured World. Photographer: Chris Ratcliffe/Bloomberg via Getty ImagesAs the Israel-Hamas war draws into into its fourth week, the risks to the global economy are rising, economist Mohamed el-Erian said Monday. The impact on global markets in response to the onset of the war was initially limited, as investors first assessed that the conflict was contained. "It is terrible in terms of economic prospects for the epicenter for the war," she said.
Persons: Mohamed Aly El, Erian, Gordon Brown, Michael Spence, Chris Ratcliffe, Mohamed el, CNBC's Dan Murphy, Israel, Kristalina Georgieva Organizations: Allianz, Bloomberg Television, Bloomberg, Getty, AIM, Federal, International Monetary Fund Locations: London, Israel, Gaza, Dubai, Iran, Lebanon
The Saudi National Bank headquarters and other buildings in Riyadh. Bloomberg | Bloomberg | Getty ImagesRIYADH — Saudi Arabia is holding on to its ultimatum that foreign companies will need to base their regional headquarters in the kingdom or be barred from lucrative government contracts. In a bold surprise move back in February 2021, the Saudi government announced that it would, by 2024, cease doing business with any international companies whose regional headquarters were not based within the country. The news stunned investors and expat workers, many of whom saw the move as a shot at Dubai, the United Arab Emirates commercial capital that is home to the highest concentration of Middle East regional headquarters. Faisal Al Ibrahim, Saudi minister of economy and planning, told CNBC that the plan is still going ahead and discussed how the kingdom aims to support foreign companies with the change.
Persons: Faisal Al Ibrahim, CNBC's Dan Murphy, Al Ibrahim, that's, Prince Mohammed bin Salman, Saudi Arabia — Organizations: Saudi National Bank, Riyadh . Bloomberg, Bloomberg, Getty, United Arab Emirates, East, CNBC, Future Investment Initiative, Saudi Arabia's Public Investment Fund Locations: Riyadh ., RIYADH, Saudi Arabia, Saudi, Dubai, Riyadh
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is 'no reason' why Israel-Hamas war should continue, Saudi Finance minister saysSaudi Arabia’s Finance Minister Mohammed al-Jadaan tells CNBC's Dan Murphy that Riyadh has done "a lot of work" over the last two years to de-escalate tensions in the region.
Persons: Mohammed al, CNBC's Dan Murphy Organizations: Saudi, Saudi Arabia’s Finance Locations: Israel, Riyadh
MARRAKESH, MOROCCO - OCTOBER 13: Ajay Banga, President of the World Bank Group, speaks during the International Monetary Fund (IMF) meeting in Marrakesh, Morocco on October 13, 2023. Ajay Banga told CNBC that the onset of the Israel-Hamas war has thrown nascent normalization talks off course, making regional cooperation much more difficult. The president of the World Bank on Tuesday said that it will be some time before progress toward a more peaceful Middle East can resume in earnest. Banga was speaking at the Future Investment Initiative Institute conference in Riyadh, where business leaders are gathered to discuss economic and investment prospects of the Middle East region. The World Bank chief said that the conflict could have ramifications not only for the region, but also for the wider global economy — most notably for energy markets.
Persons: Ajay Banga, Abu Adem Muhammed, Banga, CNBC's Dan Murphy, I'm, Kristalina Georgieva Organizations: World Bank Group, International Monetary Fund, Anadolu, Getty, CNBC, World Bank, Future Investment Initiative Institute, Palestinian, Israel Locations: MARRAKESH, MOROCCO, Marrakesh, Morocco, Israel, Riyadh, East, Gaza, Saudi Arabia, Banga, Russia, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street heavyweights weigh in on what the Israel-Hamas war means for marketsThe mood at the Future Investment Initiative conference is one of cautious optimism and uncertainty, CNBC's Dan Murphy reports.
Persons: CNBC's Dan Murphy Organizations: Future Investment Initiative Locations: Israel
Saudi Finance Minister Mohammed al-Jadaan on Wednesday discussed his country's efforts to de-escalate what he called "recent events" in the Middle East region, without naming any of the parties involved. "So we need calm, we need wisdom, we need to collaborate, to bring calm and make sure that we de-escalate." The United Nations and numerous countries have called for a cease-fire, so far to no avail. "We have seen this in the region where before the 7th of October a lot of de-escalation had happened, which brought a lot of hope for the region, and we don't want the recent events to derail that," the minister said. "So we are making a lot of efforts with our partners to ensure that we go back to where we are and continue the development path."
Persons: Mohammed al, Jadaan, CNBC's Dan Murphy Organizations: Saudi, Hamas, United Nations Locations: East, Riyadh, Saudi Arabia, Israel, Palestinian, Gaza
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Georgieva said that the economic fallout from the war, now in its third week, would be "terrible" for the sides involved, as well as have significant repercussions for the region. The head of the International Monetary Fund on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon of an already gloomy economic outlook. "It is terrible in terms of economic prospects for the epicenter for the war," she said. Dubbed "Davos in the desert," the event typically focuses on economic and investment prospects around the Middle East region.
Persons: Kristalina Georgieva, Georgieva, CNBC's Dan Murphy, Jordan Organizations: International Monetary Fund, IMF, Future Investment Initiative Institute, Palestinian, Israel Locations: Riyadh, Israel, Egypt, Lebanon, Davos, East, Gaza, Saudi Arabia
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