DIRS.INFO The most relevant business & tech news

☆ Saudi forum draws U.S. business leaders amid tensions
▼ + stars: | 2022-10-25 | 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 EmailSaudi forum draws American business leaders amid escalating tensions between Saudi Arabia, the U.S.U.S. executives head to Saudi Arabia for the Future Investment Initiative amid a spat between the two countries. CNBC's Dan Murphy & Hadley Gamble report.

☆ Saudi Arabia reaffirms its relationship with China as Washington accuses the kingdom of playing politics
▼ + stars: | 2022-10-24 | 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 EmailSaudi Arabia reaffirms its relationship with China as Washington accuses the kingdom of playing politicsCNBC's Hadley Gamble discusses ties between the U.S. and Saudi Arabia after the kingdom reaffirms its relationship with China.

☆ UAE energy minister: Nothing political about any OPEC decision
▼ + stars: | 2022-10-18 | 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 energy minister: Nothing political about any OPEC decisionUAE Energy Minister Suhail Al Mazrouei speaks to CNBC's Hadley Gamble following the OPEC+ decision to cut oil production by 2 million barrels per day to shore up prices.

☆ IMF cuts global growth forecast for next year, warns ‘the worst is yet to come’
▼ + stars: | 2022-10-11 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +3 min

The International Monetary Fund predicts global growth will slow. The IMF anticipates global inflation will peak in late 2022, increasing from 4.7% in 2021 to 8.8%, and that it will "remain elevated for longer than previously expected." Global inflation will likely decrease to 6.5% in 2023 and to 4.1% by 2024, according to the IMF forecast. The agency noted the tightening of monetary policy across the world to combat inflation and the "powerful appreciation" of the U.S. dollar against other currencies. "Winter 2022 will be challenging for Europe, but winter 2023 will likely be worse," the IMF said.

☆ Shaquille O’Neal reveals Jeff Bezos's investing principle that he still uses today
▼ + stars: | 2022-10-10 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Shaquille O'Neal attends the second preseason NBA game between Atlanta Hawks and Milwaukee Bucks at Etihad Arena on October 8, 2022 in Abu Dhabi, United Arab Emirates. "If you invest in things, it's going to change people's lives, you will definitely get a nice return," the previous NBA star recalled Bezos sharing in a tech conference in Vegas. NBA legend Shaquille O'Neal shared an investment principle he heard from Amazon founder Jeff Bezos, which he says has inspired his approach ever since. O'Neal added his own ten cents: "Never think about the monetary aspect ... it's not important to me." Is it gonna change people's lives?

Energy analysts believe the deep production cuts could yet backfire for OPEC kingpin and U.S. ally Saudi Arabia. Energy analysts believe the deep production cuts could yet backfire for OPEC kingpin and U.S. ally Saudi Arabia, particularly as Biden hinted Congress would soon seek to rein in the Middle East-dominated group's influence over energy prices. OPEC and non-OPEC allies, a group often referred to as OPEC+, agreed on Wednesday to reduce oil production by 2 million barrels per day from November. "In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices," the White House said. While the group likes to say they keep politics out of their decisions, there's no denying that there are potential ramifications to this beyond the oil price.

☆ OPEC+ to cut oil production by 2 million barrels per day to shore up prices, defying U.S. pressure
▼ + stars: | 2022-10-05 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. OPEC and non-OPEC allies, a group often referred to as OPEC+, decided at their first face-to-face gathering in Vienna since 2020 to reduce production by 2 million barrels per day from November. Energy market participants had expected OPEC+, which includes Saudi Arabia and Russia, to impose output cuts of somewhere between 500,000 barrels and 2 million barrels. Oil prices have fallen to roughly $80 a barrel from more than $120 in early June amid growing fears about the prospect of a global economic recession. "In short, OPEC+ is prioritising price above stability at a time of great uncertainty in the oil market."

☆ There are many distractions around climate issues, UAE minister
▼ + stars: | 2022-09-27 | 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 EmailThere are many distractions around climate issues, UAE ministerMariam Almheiri, UAE minister of climate change and environment, speaks to CNBC's Hadley Gamble just weeks away from COP27.

☆ As long as the world needs oil and gas, we're going to give it to them, says UAE minister
▼ + stars: | 2022-09-27 | 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 EmailAs long as the world needs oil and gas, we're going to give it to them, says UAE ministerMariam Almheiri, UAE minister of climate change and environment, speaks to CNBC's Hadley Gamble after the country's LNG agreement with Germany.

☆ Airline tickets could become even more expensive, aviation execs warn
▼ + stars: | 2022-09-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Walsh added that while consumers are paying higher ticket prices, airlines are not necessarily making a profit. watch nowAirline ticket prices have spiked by 25% in the past year — the biggest annual jump since 1989. Russia-Ukraine warBut another factor could contribute to even higher ticket prices — Russia's announcement of a military mobilization, said Qatar Airways CEO Akbar Al Baker. Oil prices jumped by more than 2% after Putin's announcement, following concerns of an escalation of the war in Ukraine and squeezing oil and gas supplies. Hopes for affordable sustainable fuelAl Baker called for more investments in alternative fuel, and that Qatar Airlines is "ready to invest in sustainable aviation fuel" on the condition that it is "reasonably priced."

☆ Watch CNBC’s full interview with Qatar Airways CEO Akbar Al Baker
▼ + stars: | 2022-09-21 | 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 EmailWatch CNBC’s full interview with Qatar Airways CEO Akbar Al BakerQatar Airways CEO Akbar Al Baker speaks to CNBC’s Hadley Gamble at the IATA World Financial Symposium in Doha about the aviation industry’s recovery post-pandemic and the impact of Russia’s war in Ukraine ahead of Qatar’s World Cup.

☆ Watch CNBC’s full interview with IATA Director General Willie Walsh
▼ + stars: | 2022-09-21 | 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 EmailWatch CNBC’s full interview with IATA Director General Willie WalshWillie Walsh, IATA director general, speaks to CNBC’s Hadley Gamble at the IATA World Financial Symposium in Doha about fuel prices and their impact on the aviation industry. Walsh tells CNBC inflation is now a “tsunami that's coming at consumers,” paired with higher energy prices, and increased interest rates.

☆ U.S. is ‘not going anywhere,’ Middle East envoy says, as China’s Xi expected to visit Saudi Arabia
▼ + stars: | 2022-08-12 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

watch nowU.S. President Joe Biden's administration on Friday disputed claims that a forthcoming visit by Chinese President Xi Jinping to Saudi Arabia signals America's waning influence in the Middle East, insisting that the U.S. is "not going anywhere." Reports emerged Thursday that Xi is to arrive in Saudi Arabia next week for a meeting with Crown Prince Mohammed bin Salman — the Chinese premier's first official foreign visit since 2020 — as Beijing and Riyadh seek to consolidate ties. US President Joe Biden being welcomed by Saudi Arabian Crown Prince Mohammed bin Salman at Alsalam Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. "The United States is a vital partner to not only Saudi Arabia but each of the countries in the region," he said. That included convincing Saudi Arabia to extend and strengthen a U.N.-mediated truce and engaging in talks to end the war.

☆ Next two weeks will be critical for China in coronavirus outbreak, IMF chief says
▼ + stars: | 2020-02-14 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +4 min

China's National Health Commission on Friday reported an additional 121 deaths nationwide, with 5,090 new confirmed cases of the coronavirus. She explained that not only was this strain of the new virus, COVID-19, different than SARS but China and the world economy had also changed. China only represented 8% of the world economy in the early 2000s and now makes up a 19% share, she pointed out. She added that the world economy at that time was "actually in quite good shape," but was now more "sluggish." Physicians have likened it to the outbreak of SARS, which had a short incubation period of two to seven days.

☆ ‘Unique’ Aramco IPO changes the dynamics of Saudi Arabia’s economy, stock market CEO says
▼ + stars: | 2018-05-02 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

"The Saudi Stock Exchange is as excited as everybody else with the listing of Aramco," Khalid Abdullah Al Hussan, CEO of the Saudi Stock Exchange, told CNBC's Hadley Gamble in Riyadh on Wednesday. watch nowThe world's largest initial public offering (IPO) will radically transform the way in which Saudi Arabia's economy operates, according to the chief executive of the Saudi Stock Exchange. So far, Saudi Arabia's Tadawul is the only confirmed listing exchange for state-owned energy giant, Saudi Aramco. "The Saudi Stock Exchange is as excited as everybody else with the listing of Aramco," Khalid Abdullah Al Hussan, CEO of the Saudi Stock Exchange, told CNBC's Hadley Gamble in Riyadh on Wednesday. "It is almost doubling the size of the Saudi market and that is definitely changing our position as far as size ... (And) will change the dynamics of how the Saudi capital market — as well as the economy — operates," he added.

Search resuls for: "Hadley Gamble"

15 mentions found