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CNN —A US Marine rapid response force is headed to the waters off the coast of Israel and the Pentagon is preparing American troops for a potential deployment to the country, escalating the US’ show of force in the region as it works to prevent the conflict between Israel and Hamas from widening any further. A defense official familiar with the planning said the rapid response force, consisting of 2,000 Marines and sailors, is being sent. That could be particularly valuable if Israel launches a ground invasion of Gaza, which could be complicated and bloody, experts have warned. Officials would not specify where exactly the Marine unit will now go, other than to say it is headed toward Israel. The Wall Street Journal was first to report about the potential deployment of troops to Israel.
Persons: Defense Lloyd Austin, Biden, Capt, Angelica White, Sabrina Singh, , Organizations: CNN, Pentagon, Hezbollah, Defense, Israel, USS Ford, Air Force, Troops, 26th Marine Expeditionary Unit, Marine Corps Locations: Israel, Iran, Lebanese, Gaza, Middle East, Kuwait, , Red, Bataan, Gulf of Oman, of Oman, Hormuz
WASHINGTON (Reuters) - The Pentagon has deployed two aircraft carriers -- and their supporting ships -- to the eastern Mediterranean since the attacks on Israel. FORD CARRIERThe Gerald R. Ford carrier, along with supporting ships, arrived in the eastern Mediterranean early last week. The Ford, which was commissioned in 2017, is the United States' newest aircraft carrier and the world's largest, with more than 5,000 sailors aboard. It has an arsenal of missiles, like the Evolved Sea Sparrow Missile, which is a medium-range, surface-to-air missiles used to counter drones and aircraft. The supporting ships, such as the Ticonderoga-class guided missile cruiser Normandy, Arleigh-Burke-class guided missile destroyers Thomas Hudner, Ramage, Carney, and Roosevelt.
Persons: Gerald R, Burke, Thomas Hudner, Ramage, Carney, Roosevelt, Dwight Eisenhower, Ike, Mason, Idrees Ali, Sandra Maler Organizations: WASHINGTON, Pentagon, FORD, Ford, Hornet, EISENHOWER Locations: Israel, United States, Arleigh, Kuwait
US aircraft carriers - What they bring to the Middle East
  + stars: | 2023-10-15 | by ( ) www.reuters.com   time to read: +3 min
FORD CARRIERThe Gerald R. Ford carrier, along with supporting ships, arrived in the eastern Mediterranean early last week. The Ford, which was commissioned in 2017, is the United States' newest aircraft carrier and the world's largest, with more than 5,000 sailors aboard. It has an arsenal of missiles, like the Evolved Sea Sparrow Missile, which is a medium-range, surface-to-air missiles used to counter drones and aircraft. The supporting ships, such as the Ticonderoga-class guided missile cruiser Normandy, Arleigh-Burke-class guided missile destroyers Thomas Hudner, Ramage, Carney, and Roosevelt. EISENHOWER CARRIERThe Pentagon directed the Dwight Eisenhower carrier strike group to move to the eastern Mediterranean.
Persons: Gerald R, Ford, Burke, Thomas Hudner, Ramage, Carney, Roosevelt, Dwight Eisenhower, Ike, Mason, Idrees Ali, Sandra Maler Organizations: USNS Laramie, U.S Naval Forces, U.S . Sixth Fleet, Pentagon, FORD, Ford, Hornet, EISENHOWER, Thomson Locations: U.S Naval Forces Europe, WASHINGTON, Israel, United States, Arleigh, Kuwait
Along with mild winter weather in much of the northern hemisphere, Chinese fuel exports helped avert widespread shortages of diesel, heating oil and gasoil. Russia's ban on diesel exports ahead of winter has sparked a new round of concerns of another supply shock. Chinese fuel exports are currently around 1.1 million barrels per day (bpd), down from last year's peak at 1.8 million bpd in December. China's fuel exports are subject to quotas, closely monitored by the global fuel trading community. China also has quotas for imports of crude oil that refiners use to make diesel and other products.
Persons: Meng Meng, John Kilduff, Matt Smith, Al Zour, Kpler, Laura Sanicola, Trixie Yapl, Simon Webb, David Gregorio Our Organizations: REUTERS, Total, Al, Diesel, U.S . East, U.S . Energy Information Administration, Thomson Locations: Boxing, Shandong Province, China, U.S, Ukraine, Europe, Americas, Brazil, Turkey, New York, Beijing, Russia, Iran, Venezuela, Asia, Middle, Western Europe, America, U.S . East Coast
OPEC sticks to 2024 oil demand growth forecast
  + stars: | 2023-10-12 | by ( Alex Lawler | ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 12 (Reuters) - OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a resilient world economy so far this year and expected further demand gains in China. A lifting of pandemic lockdowns in China has helped oil demand rise in 2023. OPEC has consistently forecast stronger demand growth for next year than other forecasters such as the International Energy Agency. "In 2024, solid global economic growth, amid continued improvements in China, is expected to further boost oil consumption," OPEC said in the report. The OPEC report also said OPEC oil production rose in September despite pledged OPEC+ supply cuts, driven by increases in Nigeria, Saudi Arabia and Kuwait.
Persons: Dado Ruvic, Alex Lawler, Jason Neely Organizations: REUTERS, Organization of, Petroleum, OPEC, International Energy Agency, for Economic Co, Development, Thomson Locations: China, OPEC, Europe, Nigeria, Saudi Arabia, Kuwait
"This is important for the predictability of the oil market, and ultimately for the well-being of all mankind," Putin said. Russia and Saudi have coordinated supply cuts - both as part of OPEC+ and with side agreements - to support oil prices in recent years. Putin praised Crown Prince Mohammed bin Salman and said that if there were differences on extending OPEC+ cuts, then the Kremlin would seek consensus. "For the stability of the oil market, the interaction of the main suppliers is necessary, and on open, transparent terms. And it is with this logic that Russia works with partners within the framework of OPEC+," Putin said.
Persons: Dado Ruvic, Putin, Vladimir Putin, Mohammed Shia Al, Alexander Novak, Crown Prince Mohammed bin Salman, Vladimir Soldatkin, Guy Faulconbridge, Christina Fincher Organizations: REUTERS, Putin, Organization of, Petroleum, Russian Energy, Iraqi, Kremlin, Hamas, OPEC, Crown, Thomson Locations: OPEC, MOSCOW, Russia, Moscow, Sudani, Iraq, Saudi Arabia, Israel, Iran, Kuwait, Venezuela, Saudi
War broke out in the Middle East with one of the US' closest allies, but Congress can't do a thing. Without a House speaker, very little additional aid can be approved to aid Israel or even Ukraine. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementThe United States Congress is tragically failing when the world — not just the country — needs it to function most. While President Joe Biden said on Tuesday that some aid has already been sent, sending more will likely depend on the cooperation of Congress.
Persons: , gridlock, Kevin McCarthy, Joe Biden, Israel isn't, there's, McCarthy, Steve Scalise, Jim Jordan, George Santos, Santos, Matt Gaetz, Tommy Tuberville, Justin Sullivan, Sen, Bob Menendez, he's, GOP Sen, Chuck Schumer, Democratic Sen, Dick Durbin, Republican Sen, Ted Cruz, Biden, Cruz isn't Organizations: Service, United, United States Congress, Democratic Caucus, Hamas, Republican Party, Republicans, Representatives, GOP, Biden, Foreign Relations, Democratic, Senate, Republican, Counterterrorism, Politico, Biden White House Locations: Israel, Ukraine, United States, New York, Minden, Oman, Kuwait, Lebanon
UNITED NATIONS (AP) — Russia faces a tough fight to regain a seat in the U.N.’s premiere human rights body in Tuesday’s election in the General Assembly, which voted last year to suspend Moscow after its invasion of Ukraine. The 193-member assembly will be electing 15 members to the Geneva-based Human Rights Council, with candidates put forward by the U.N.’s five regional groups. Human Rights Watch said last week that Russia and China are unfit to serve on the Human Rights Council. The New York-based watchdog said China’s rights record should also disqualify it from the Human Rights Council. The Geneva-based Human Rights Council was created in 2006 to replace a commission discredited because of some members’ poor rights records.
Persons: , Moscow’s U.N, Vassily Nebenzia, ” Nebenzia, Felice Gaer, Jacob, Russia’s, Ferit Hoxha, Robert Wood, , Louis Charbonneau, U.N, Vladimir Putin Organizations: UNITED NATIONS, General Assembly, Rights, Albania, East European, Human Rights, Russia, Jacob Blaustein Institute, Advancement of Human, Human Rights Council, Security Council, United Nations, General, Rights Watch, Human Rights Watch, International, Court, The Locations: Russia, Moscow, Ukraine, Geneva, Bulgaria, United States, Russian, Ukrainian, U.S, America, Caribbean, Cuba, Brazil, Dominican Republic, Peru, China, Japan, Kuwait, Indonesia, Burundi, Malawi, Ghana, Ivory Coast, France, Netherlands, , The New York, Xinjiang, North Korea, Iran, Venezuela, South Korea, Afghanistan, Vietnam, Sudan
The IMF said it expects global economic growth to slow to 2.9% in 2024 from an expected 3% this year. “The global economy is limping along, not sprinting," IMF chief economist Pierre-Olivier Gourinchas said at a news conference during the organization's annual meeting in Marrakech, Morocco. If sustained, a 10% increase in oil prices would reduce global economic growth by 0.15% and increase global inflation by 0.4%, Gourinchas said. So far, the increase in oil prices has been “fairly muted,” said Commerzbank commodities analyst Carsten Fritsch. The United States is a standout in the IMF’s latest World Economic Outlook, which was completed before the outbreak of war between Israel and Hamas.
Persons: Pierre, Olivier Gourinchas, , Gourinchas, “ We’ve, , Carsten Fritsch Organizations: Hamas, International Monetary Fund, IMF, United Arab, U.S . Federal Reserve, Saudi Locations: Ukraine, Israel, Marrakech, Morocco, Palestinian, Gaza, Saudi Arabia, United Arab Emirates, Kuwait, Iraq, United States, U.S, Europe, Russia, Beijing
The White House has been working urgently in the past 24 hours to get a Senate confirmation process in motion for President Joe Biden's nominee to be U.S. ambassador to Israel, according to two White House officials. But the White House officials said they hope lawmakers in both parties will agree with the president on the need to quickly confirm Lew amid the war between Israel and Hamas. "Everyone understands the importance behind it," one White House official said. Tom Nides, Biden's former ambassador to Israel, told NBC News in an interview that the Senate needs to confirm his successor "immediately" upon return. One official said Lew is "eager" to get to work, and the White House hopes he is confirmed with bipartisan support.
Persons: Jack Lew, Joe Biden's, Obama, Biden, Lew, Tom Nides, Nides, Sen, Chris Murphy, Israel, Chris Coons, Coons, hasn't, Ted Cruz, Bill Clinton Organizations: International Monetary Fund, World Bank Group, IMF, White, Foreign Relations, White House, West Bank, Palestinian Health Ministry, NBC News, Connecticut, U.S, State, Counterterrorism, U.S . Agency for International Development, USAID, Republicans, Senate, Washington, Management, Israel, Organization, Economic Locations: Europe, Washington , DC, Israel, Gaza, U.S, Oman, Kuwait, Egypt, Ted Cruz of Texas
Military promotions, including for the chief of naval operations, have been held up by a single senator because of abortion policy. "It could make our response significantly less effective" and imperil aid to both Israel and Ukraine. That followed the sending of a U.S. aircraft carrier strike group and military aircraft closer to Israel as a show of support. The United States is also supplying Israel with munitions and other military supplies, Defense Secretary Lloyd Austin said. "This kind of situation is what many were worrying about, with all the holds on nominations and military promotions.
Persons: Joe Biden's, Israel, Sen, Jack Reed, Israel –, Reed, Laura Blumenfeld, Blumenfeld, Biden, Benjamin Netanyahu, , Lloyd Austin, Jonathan Lewallen, , Donald Moynihan, Moynihan, Rand Paul, J.D, Vance, Tommy Tuberville, Tuberville's, Chuck Schumer, , Gerry Connolly, Lewallen Organizations: Rhode Island, Armed Services Committee, United States Central Command, GOP, Johns Hopkins School, International Studies, State, Palestinian, U.S, Hamas, Defense, University, Tampa, Georgetown University, Senate, Kentucky Republican, Ohio Republican, Alabama Republican, Military, White, New, New York Democrat, Joint Chiefs of Staff, Army, Marine Corps, Virginia Democrat, House Foreign Affairs, MSNBC Locations: Israel, Kuwait, Oman, Lebanon, Egypt, U.S, Palestinian, Ukraine, United States, France, Germany, Great Britain, Kentucky, China, Ohio, Alabama, New York, Virginia
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina//File Photo Acquire Licensing RightsOct 8 (Reuters) - Bahrain, Iraq, Kuwait, Oman, Saudi Arabia and the United Arab Emirates reaffirmed their commitment to "collective and individual voluntary adjustments" to oil production, the Saudi state news agency said on Sunday. The oil ministers of the six countries met on the sidelines of the U.N. MENA climate week event in Riyadh on Sunday. OPEC+ agreed in June to extend voluntary oil cuts first introduced in April until the end of 2024. Additional voluntary cuts by Saudi Arabia and Russia extend to the end of 2023 and are subject to monthly review.
Persons: Ramzi Boudina, Hatem Maher, Ros Russell Organizations: Organization of, Petroleum, REUTERS, United, Emirates, Cooperation, Thomson Locations: Algiers, Algeria, Bahrain, Iraq, Kuwait, Oman, Saudi Arabia, Saudi, Riyadh, OPEC, Russia
World reacts to Hamas attack on Israel
  + stars: | 2023-10-07 | by ( ) www.reuters.com   time to read: +10 min
REUTERS/Mahmoud Issa Acquire Licensing RightsOct 8 (Reuters) - The Palestinian Islamist group Hamas launched the biggest attack on Israel in years on Saturday. Germany condemns these attacks by Hamas and stands by Israel," Scholz said on social media. However, Morocco's Islamist PJD party, which had been the largest in parliament until elections in 2021, praised the Hamas attack as "a heroic act" and "a natural and legitimate reaction to daily violations". EUROPEAN UNIONEU Commission chief Ursula von der Leyen said: "I unequivocally condemn the attack carried out by Hamas terrorists against Israel. INDONESIA"Indonesia is very concerned about the increasing escalation of the conflict between Palestine and Israel," the foreign ministry the world’s largest Muslim-majority country said on X.
Persons: Mahmoud Issa, Antony Blinken, Lloyd Austin, Tor Wennesland, Volker Tuerk, MAHMOUD ABBAS, WAFA, Abbas, Ali Khamenei, Yahya Rahim Safavi, Nasser Kanaani, ISNA, OLAF SCHOLZ, Scholz, EMMANUEL MACRON Macron, Abraham, JOSEP BORRELL, Borrell, JUSTIN TRUDEAU, JAMES, Ursula von der Leyen, TAYYIP ERDOGAN, Erdogan, Israel, MIKHAIL BOGDANOV, Bogdanov, VOLODYMYR ZELENSKIY Zelenskiy, Israel's, ANDRZEJ DUDA, I'm, Duda, PETR PAVEL, Pavel, Giorgia Meloni, KISHIDA, Kishida, Faki Mahamat, Yoweri Museveni, Jan Harvey, Andrew Cawthorne, Ros Russell, Barbara Lewis, Toby Chopra Organizations: REUTERS, Hamas, UNITED, State Department . U.S . Defense, of Defense, Human, Palestinian, Abraham Accords, Israel, Twitter, EU Commission, Hezbollah, Rockets, State, African Union, Reuters, Thomson Locations: Gaza, Israel, Palestinian, IRAN, Palestine, Jerusalem, CHINA, State, Germany, SAUDI ARABIA, Egypt, MOROCCO Morocco, EU, Muscat, Oman, Canada, QATAR, MIKHAIL BOGDANOV Russia, Iran, Lebanese, Poland, Japan, KUWAIT Kuwait, EMIRATES, UAE, INDONESIA, Indonesia, KENYA, X, UGANDA, Uganda
Renewed manufacturing growth will boost industrial energy consumption, especially for diesel, but with inventories still low, prices are set to escalate rapidly, rekindling concerns about inflation. SOFT LANDING? The mid-cycle slowdown or “soft landing” of 1989/90 and the cycle-ending “hard landing” of 1990/91 are usually considered as one episode. Blinder has argued the Federal Reserve would have achieved a soft landing if oil prices had not spiked for unrelated reasons. Related columns:- Global diesel shortage boosts prices (September 13, 2023)- Prolonged U.S. manufacturing slowdown barely dents energy use (September 5, 2023)- U.S. diesel prices surge anticipating a soft landing (August 11, 2023)- U.S. manufacturing slowdown fails to rebuild diesel stocks (August 2, 2023)John Kemp is a Reuters market analyst.
Persons: Bing Guan, Alan Blinder, Blinder, Saddam Hussein’s, , Saddam Hussein, Alan Greenspan, John Kemp, Alexander Smith Organizations: Angeles Refinery, California Air Resources Board, Institute, Supply, Federal Reserve, Reserve, Global, U.S, Thomson, Reuters Locations: Angeles, California, Carson , California, U.S, Kuwait, Blinder, United States, Europe, China
Sheikh Ahmad Al-Fahad Al-Ahmed Al-Sabah leaves a courthouse after the verdict for a trial for forgery in connection with arbitration, in Geneva, Switzerland, September 10, 2021. Sheikh Ahmad was banned from the IOC for three years in July after it found he had an "undeniable impact" on Olympic Council of Asia (OCA) elections in which his brother, Sheikh Talal Fahad Al-Ahmad Al-Sabah, was appointed president. CAS confirmed both Sheikh Ahmad and Sheikh Talal had filed separate cases against the IOC at the Switzerland-based court. Sheikh Ahmad, a former OCA president, travelled to Bangkok ahead of the OCA election in July and was in the city when it took place, which was "interpreted as interference in the election process" by the IOC's ethics commission. Sheikh Ahmad denied all the charges in the case and appealed the conviction.
Persons: Sheikh Ahmad Al, Fahad Al, Ahmed Al, Denis Balibouse, Fahad, Sheikh Ahmad, Sheikh Talal Fahad Al, Ahmad Al, Sheikh Talal's, Sheikh Talal, India's Randhir Singh, Singh, Sheikh Ahmad's, Ian Ransom, Peter Rutherford Organizations: REUTERS, Rights, International Olympic Committee, Sport, Olympic Council of Asia, IOC, OCA, Asian Games, Thomson Locations: Sabah, Geneva, Switzerland, Rights HANGZHOU, China, Fahad Al, Bangkok, India's, Swiss, Hangzhou
Experts predict oil prices will continue to rise heading into the fourth quarter, driven by tighter supply and production cuts. Despite some profit-taking in the last week of September, crude oil prices have rallied since the summer. That means U.S. crude oil reserves will remain under pressure amid the Saudi production cuts. And questions still remain as to the strength of a resurgence from the Chinese economy and how that will support higher oil prices. Goldman also recently published its list of buy-rated stocks to play higher oil prices, which included Chevron and Baker Hughes .
Persons: Goldman Sachs, Brent, Viktor Katona, Katona, Stephen Ellis, Ellis, Ole Hansen, " Hansen, Brian Mulberry, Mulberry, Goldman, Baker Hughes, Neil Mehta, Mehta Organizations: Brent, West, West Texas, Bank of America, Chevron, ExxonMobil, Morningstar, Saxos Bank, Zacks Investment Management, Federal Reserve, ConocoPhillips, XOM Locations: West Texas, Saudi Arabia, Saudi, Russia, OPEC, U.S, Cushing , Oklahoma, East, Kuwait, Iraq, Ukraine, Iran
Just before 8 p.m. (1200 GMT) on Saturday, Kuwait's Ali Zankawi lined up for one of his throws in the men's hammer final at the eastern Chinese city's packed Olympic stadium. But instead of soaring straight onto the outfield, the hammer flew out sideways and low to the right, smashing into the leg of the sitting technical official. Looking horrified, Zankawi sprinted over as blood began spurting from the official's right leg. The official, Huang Qinhua, 62, grimaced and swayed dizzily as Zankawi rushed to check on him, blood shooting out of the wound. The netting in athletics is designed to hang relatively loosely to prevent hammer balls and discuses from bouncing back at the athletes after misthrows.
Persons: Kuwait's Ali Zankawi, Dylan Martinez, Zankawi, Huang Qinhua, grimaced, dizzily, Huang, Xu Deqing, China's Wang Qi, Martin Quin Pollard, William Mallard Organizations: Olympic Sports Centre, Rights, Asian, misthrows, Weibo, Thomson Locations: Hangzhou, China, Rights HANGZHOU
Hangzhou, China Reuters —An athletics official suffered a broken leg and serious bleeding after being hit by a misthrown hammer in the Asian Games in Hangzhou, but his vital signs are now stable, a spokesman for the games said on Sunday. ET) on Saturday, Kuwait’s Ali Zankawi lined up for one of his throws in the men’s hammer final at the eastern Chinese city’s packed Olympic stadium. Looking horrified, Zankawi sprinted over as blood began spurting from the official’s right leg. “Currently his vital signs are stable.”An official reacts in pain after his leg was injured by a stray hammer thrown by Ali Zankawi (L) who attempts to stem the bleeding during the men's hammer throw final athletics event. The netting in athletics is designed to hang relatively loosely to prevent hammer balls and discuses from bouncing back at the athletes after misthrows.
Persons: Kuwait’s Ali Zankawi, Zankawi, Huang Qinhua, grimaced, dizzily, Huang, Xu Deqing, , Ali Zankawi, William West, China’s Wang Qi Organizations: China Reuters, Asian, , Getty, misthrows, Weibo Locations: Hangzhou, China, , AFP
Ukraine has received a first batch of US-provided M1A1 Abrams tanks. It's heavy-duty, combat-proven armor that was built with a very specific mission in mind: killing Russian tanks. The promise to deliver American-made Abrams tanks to Ukraine followed plans from the UK, Germany, and other European partners to provide Ukraine with Challenger and Leopard tanks. AdvertisementAdvertisement"The Abrams was built, A1 and A2 alike, knowing we had to kill many more Russian tanks. AdvertisementAdvertisementUS M1A1 Abrams tanks needed for training the Armed Forces of Ukraine arrive by rail at Grafenwoehr, Germany, May 14, 2023.
Persons: Abrams, it's, , Robert Greenway, Volodymyr Zelenskyy, Biden, M1A1 Abrams, Lance Cpl, Scott Jenkins, Joe Biden, M1A1s, Pat Ryder, Gian Gentile, RAND's, Gentile, Leo, Challenger, Allan Tannenbaum, Greenway, Charlie Company ,, Brendan Mullin, there's, It's, Tylon Chapman, Douglas R, Bush, we've Organizations: US Army, Service, Ukraine, Soviet, Hudson Institute, Army, New York Times, M1A1, Iraq's, Special Forces, Marine Corps M1A1, 2nd Tank Battalion, 2nd Marine Division, Marine Expeditionary Force, US Marine Corps, Kyiv, Pentagon, Challenger, Leopard, Leopards, RAND's Arroyo Center, US, Charlie, Charlie Company , 1st Tank Battalion, 1st Marine Division, United Arab Emirates, Armed Forces, US Air National Guard, Honeywell, Abrams, Acquisition, Logistics, Technology, M1 Abrams Locations: Ukraine, Soviet, Pohjankangas, Niinisalo, Finland, Scott Jenkins Ukraine, Germany, RAND's Arroyo, Russian, Iraq, Soviet Union, U.S, Kuwait, Grafenwoehr
Sept 27 (Reuters) - Kuwait's Abdullah Al-Rashidi claimed his fourth Asian Games gold medal in skeet shooting on Wednesday and the 60-year-old said the secret to his longevity and his sharp vision is staying away from the phone and social media. To put Al-Rashidi's age in perspective, Naruka was born in 1998 -- the same year the veteran Kuwaiti shooter won his third world title. I don't look at the phone or Twitter, because this is not good for your eyes. Despite winning gold medals at the world championships and Asian Games, his best result at the Olympics was bronze in Rio and Tokyo. With the Paris Olympics around the corner in 2024, Al-Rashidi said he still has a long way to go before he decides to call it a day.
Persons: Kuwait's Abdullah Al, Rashidi, Anant Jeet Singh Naruka, Naruka, Rohith Nair, Christian Radnedge Organizations: Kuwaiti, Games, Paris Olympics, Olympic, Thomson Locations: Hangzhou, India, Rio, Tokyo, Al, Paris, Bengaluru
The Qatari benchmark stock index (.QSI) fell 0.3%, dragged down by almost all the sectors with financials leading the declines. Qatar National Bank (QNBK.QA), the Gulf's biggest lender, was down 0.7% while heavyweight Commercial Bank (COMB.QA) dropped 1.3%. Kuwait's premier market index (.BKP) fell 1.6%, its 7th consecutive session of losses, as most of its constituents were in negative territory. Outside the Gulf, Egypt's blue-chip index (.EGX30), closed up 0.6%, hitting an all-time high. Reporting by Shamsuddin Mohd in Bengaluru; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Persons: Shamsuddin, Emelia Sithole Organizations: Federal, Gulf Cooperation, greenback, Qatar National Bank, Commercial Bank, Chemical Industries, Misr Fertilizer, Stock, UAE bourse, Thomson Locations: Abu, Saudi Arabia, UAE, Bengaluru
Ad FeedbackThough she is an accountant by trade, Sarah Hasan Al-Sayegh calls herself the first Kuwaiti-Arab female storm chaser. “Storm chasing made me see the world more,” she says. Al-Sayegh recalls that on May 31, 2016, she and fellow storm chaser Mike Olbinski came across a huge storm structure near Lamesa, Texas. She now hopes to expand her meteorological knowledge and raise awareness around climate change. “I just hope to be able to put that message to everybody through my photography and through my storm chasing,” Al-Sayegh says.
Persons: Sarah Hasan Al, Sayegh, , , sandstorms, Storm Daniel, Mike Olbinski, “ Don’t, ” Al Organizations: CNN, UN, United Arab, Kuwait City Locations: Kuwaiti, Kuwait, East, North Africa, Iran, Iraq, Syria, Dubai, Libya, Saudi Arabia, United Arab Emirates, Qatar, Al, Lamesa , Texas, Gulf
DUBAI, Sept 20 (Reuters) - Saudi oil and gas driller ADES Holding said on Wednesday it has set the final price for its initial public offering (IPO), implying a valuation of 15.242 billion riyals ($4.06 billion) for the Saudi sovereign wealth fund-backed firm. ADES confirmed the pricing for the IPO, saying it drew nearly $76.5 billion in orders from institutional investors. Its clients include state oil giant Saudi Aramco, Kuwait Oil Company and North Oil Company in Qatar. The four banks are also bookrunners and underwriters, joined by GIB Capital, HSBC, Al Rajhi Capital and Saudi Fransi Capital. Arab National Bank, Alrajhi Bank and Saudi National Bank are the receiving agents and Lazard is independent adviser to ADES.
Persons: ADES, EFG Hermes, Goldman Sachs, Lazard, Yousef Saba, Sonia Cheema Organizations: Reuters, Saudi Exchange, Kuwait Oil Company, North Oil Company, SNB, JPMorgan, underwriters, GIB Capital, HSBC, Al, Saudi Fransi Capital, Arab National Bank, Alrajhi Bank, Saudi National Bank, Thomson Locations: DUBAI, Saudi, Khobar, ADES, East, North Africa, India, Saudi Aramco, Qatar, Al Rajhi Capital
A Subtle Change for Biden
  + stars: | 2023-09-20 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com   time to read: +3 min
These countries tend to be flawed democracies (like Brazil, India, Israel and Nigeria) or autocracies (like Saudi Arabia and Vietnam). If the U.S. suggests that only democracies are welcome in its alliance, that alliance will shrink. But, he added, Biden “has also been clear that in that larger effort, we need constructive relationships with countries of all different traditions and backgrounds.”The C.I.A. The U.S. strengthened its ties with Vietnam — which remains a one-party state — when Biden visited Hanoi this month. All of this may help explain the approach Biden took at the U.N. yesterday.
Persons: ” Walter Russell Mead, ” Mead, Biden, Peter Baker, Jake Sullivan, ” Sullivan, Biden “, Stalin, Saddam Hussein, Narendra Modi, Justin Trudeau, Canada’s, India’s, Edward Wong, Mark Mazzetti, Organizations: Washington, Hudson Institute, White House, autocracies, Stalin’s, Vietnam, Saudi Locations: Beijing, Brazil, India, Israel, Nigeria, Saudi Arabia, Vietnam, U.S, United States, Stalin’s Soviet, Kuwait, Europe, Japan, South Korea, China, British Columbia, Hanoi, Turkey, Hungary, Poland, Ukraine, Russia, Africa, Latin America, Southeast Asia
[1/2] U.S. Secretary of State Antony Blinken listens to Gulf Cooperation Council Secretary General Jasem Mohamed AlBudaiwi as they attend a breakfast with the Foreign Ministers of the Gulf Cooperation Council Nations, Monday, Sept. 18, 2023, in New York, U.S. Craig Ruttle/Pool via REUTERS/file photo Acquire Licensing RightsCAIRO, Sept 20 (Reuters) - Gulf Cooperation Council (GCC) countries and the U.S., in a joint statement on Wednesday, called for the completion of demarcation of Kuwaiti-Iraqi maritime borders "beyond boundary point 162". The statement comes after a meeting of GCC Arab foreign ministers, U.S. Secretary of State Antony Blinken and GCC Secretary-General Jasem al-Budaiwi in New York. They also called on the Iraqi government to "expeditiously resolve the domestic legal status of the 2012 Kuwait-Iraq Agreement to regulate maritime navigation in Khor Abdullah and ensure that the agreement remains in force." The joint statement also "called on Iraq and the UN to exert maximum efforts to reach a resolution of all the issues involved." Reporting by Enas ALashray, Muhammad Al Gebaly; Editing by Christopher Cushing and Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
Persons: Antony Blinken, General Jasem Mohamed AlBudaiwi, Craig Ruttle, Jasem, Khor Abdullah, Enas ALashray, Muhammad Al Gebaly, Christopher Cushing, Jacqueline Wong Organizations: Cooperation, Foreign Ministers, Gulf Cooperation Council Nations, Rights, Gulf Cooperation Council, GCC, UN, United Nations, Thomson Locations: New York, U.S, Rights CAIRO, Kuwaiti, Iraqi, Kuwait, Iraq, Khor
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