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Search resuls for: "CNBC's Dan Murphy"


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☆ An oil blockade in Libya 'will not harm anybody else except the Libyans,' minister says
  + stars: | 2023-07-05 | 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 EmailAn oil blockade in Libya 'will not harm anybody else except the Libyans,' minister saysLibya's Oil Minister Mohamed M. Oun tells CNBC's Dan Murphy that an oil blockade in the country "will not harm anybody else except the Libyans.”
Persons: Mohamed M, CNBC's Dan Murphy, ” Organizations: Libya's, Oun Locations: Libya
☆ Vanda Insights: Saudi extension of oil cuts was baked into price
  + stars: | 2023-07-05 | 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 EmailVanda Insights: Saudi extension of oil cuts was baked into priceSaudi Arabia says it will extend oil cuts until August. CNBC's Dan Murphy speaks to Vandana Hari, founder and CEO of Vanda Insights, ahead of a OPEC seminar in Vienna.
Persons: CNBC's Dan Murphy, Vandana Hari Organizations: Insights, Vanda Insights Locations: Saudi Arabia, Vienna
☆ Oil market will start tightening, Energy Aspects' Amrita Sen says
  + stars: | 2023-07-05 | 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 EmailOil market will start tightening, Energy Aspects' Amrita Sen saysOil market will start tightening, Energy Aspects' founder Amrita Sen tells CNBC's Dan Murphy in Vienna ahead of OPEC's seminar.
Persons: Amrita Sen, CNBC's Dan Murphy Organizations: Email Locations: Vienna
☆ China's VCs look to the Middle East for a U.S. dollar lifeline
  + stars: | 2023-06-16 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
China's ties with the Middle East have warmed since Saudi Arabia and Iran restored diplomatic relations earlier this year — through discussions brokered by Beijing. Those tensions and increased regulatory scrutiny in both countries prompted many U.S.-based investors to hold off on investments in Chinese venture capital funds. Middle East capital is looking to step in, especially as countries such as Saudi Arabia and Qatar look to diversify from dependence on fossil fuels. However, many potential investments in Chinese funds are still in discussion, the venture capital funds said. Preqin data showed the share of Middle East sovereign wealth funds' investment in alternative assets worldwide roughly doubled between 2021 and the first half of 2022.
Persons: Faisal bin Farhan al, Saud, Hu Chunhua, Fayez Nureldine, Morgan Stanley, Khalid Al, CNBC's Dan Murphy, Falih, PIF, Massimo, Aysar Tayeb, Prosperity7, Tayeb, Abu Organizations: Saudi, Political Consultative, China Business Conference, Afp, Getty, BEIJING — Venture, U.S ., CNBC, Public Investment Fund, Investment, Conference, Prosperity7 Ventures, Business, of, Local Locations: Riyadh, BEIJING, China, Saudi Arabia, Iran, Beijing, U.S, Qatar, Middle East, Asia, East, Saudi, Al, Aramco, Hyperview, Shanghai, UAE, of Dubai, Abu Dhabi
☆ U.S. still expects Sweden's NATO ascension by July despite Turkey tensions, U.S. ambassador says
  + stars: | 2023-06-16 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
Ambassador to Turkiye Jeffry Flake speaking in Washington D.C., United States on May 3, 2023. The U.S. is still holding out hope that Sweden will join NATO by July in spite of Turkey's apprehensions, Ambassador to Ankara Jeffry Flake said. "We hope Sweden can become a member of NATO soon," Flake told CNBC's Dan Murphy Friday, adding that Sweden has taken a number of measures to address Turkey's security concerns. Officials from Sweden, Turkey, Finland and NATO had convened in Ankara with hopes of easing Turkey's objections. Turkey, Finland and Sweden had last year inked an agreement to on the sidelines of the NATO summit in Madrid, committing to address Turkey's security demands.
Persons: Turkey's apprehensions, Ankara Jeffry Flake, Flake, CNBC's Dan Murphy, Recep Tayyip Erdogan, Erdogan Organizations: Washington D.C, NATO Locations: Washington, United States, U.S, Sweden, Ankara, Vilnius, Turkey, Finland, Turkish, Anadolu, Madrid
☆ Saudi Arabia and China are part of a multipolar world order, and their mutual interests are 'strong and rising,' minister says
  + stars: | 2023-06-14 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
watch nowSaudi Arabia sees China as a key partner in a multipolar world — with the two countries expected to only come closer as their common interests grow, Saudi Minister of Investment Khalid Al-Falih told CNBC. "And we believe that economic cooperation between China and Saudi Arabia and the GCC (Gulf Cooperation Council), and the entire Arab region, will be a significant part of that." The U.S. has military installments in Saudi Arabia, selling it advanced weaponry and providing training and joint operations with the Saudi military. Chinese President, Xi Jinping (L) is welcomed by Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (R) at the Palace of Yamamah in Riyadh, Saudi Arabia on December 8, 2022. But we would see, going forward, more global champions from Saudi Arabia going to China to access a growing market of 1.4 billion high-consumption individuals."
Persons: Investment Khalid Al, Falih, — it's, CNBC's Dan Murphy, it's, Biden, Xi Jinping, Crown Prince, Saudi Arabia Mohammed bin Salman Al Saud, Saudi Crown Prince Mohammed bin Salman, Faisal bin Farhan, Antony Blinken, Fayez Nureldine Organizations: Saudi, Investment, CNBC, China Business Conference, GCC, Gulf Cooperation Council, U.S ., Anadolu Agency, Getty, Technology, Saudi Crown, Beijing, GCC Ministers, AFP Locations: Saudi Arabia, China, Riyadh, Africa, Central Asia, United States, Brazil, Russia, India, South Africa, U.S, Saudi, we're, Washington, Yamamah, Beijing
☆ Saudi Arabia's PGA merger is likely just the beginning for the kingdom when it comes to pro sports investments
  + stars: | 2023-06-13 | by ( Natasha Turak | ) www.cnbc.com   time to read: +2 min
The controversial mega merger between the PGA Tour and Saudi Arabia's LIV Golf is just one step in the kingdom's ambitious tourism and investment strategy — and its pursuit of big-name sports is just getting started. "We're sort of a proponent to find 'all of the above' strategy in sport," Saudi Investment Minister Khalid Al-Falih told CNBC's Dan Murphy in Riyadh. The PIF is Saudi Arabia's Public Investment Fund, a $600 billion sovereign wealth fund controlled by Saudi Crown Prince Mohammed bin Salman. News that the PGA Tour and Saudi Arabia's LIV Golf were joining forces last week brought an end to a two-year battle between the archrivals. The agreement, which includes the DP World Tour — also known as the PGA European Tour — will combine the commercial businesses and rights of the PGA Tour and LIV Golf into a new, yet-to-be-named for-profit company.
Persons: LIV, Khalid Al, Falih, CNBC's Dan Murphy, Saudi Crown Prince Mohammed bin Salman, It's, LIV Golf, — Organizations: PGA Tour, Saudi, Saudi Investment, Public Investment Fund, Saudi Crown, PGA Locations: Riyadh, Saudi Arabia, Saudi
☆ 10th Arab-China Business Conference is underway in Riyadh
  + stars: | 2023-06-12 | 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 Email10th Arab-China Business Conference is underway in RiyadhThe conference comes days after U.S. Secretary of State Antony Blinken paid a visit to Saudi Arabia. CNBC's Dan Murphy reports.
Persons: Antony Blinken, CNBC's Dan Murphy Organizations: China Business Conference Locations: Riyadh, Saudi Arabia
☆ Saudi Arabia is seeking collaboration not competition with China, energy minister says
  + stars: | 2023-06-12 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
Saudi Arabia is seeking stronger cooperation with China on trade investments and energy flows rather than competing with the superpower, said Energy Minister Prince Abdulaziz bin Salman. "We came to recognize the reality of today that China is taking, had taken a lead, will continue to take that lead. We don't have to compete with China, we have to collaborate with China," he told CNBC's Dan Murphy during the Arab-China Business Conference on Sunday. On why the OPEC kingpin has eyes on China, Abdulaziz said he believes that China's oil demand is still growing, and it is a pie that Saudi Arabia is keen on capturing. In March, state-owned Saudi Aramco announced two major refinery deals, supplying 690,000 barrels a day of crude oil to Rongsheng Petrochemical and Zhejiang Petrochemical.
Persons: Prince Abdulaziz bin Salman, CNBC's Dan Murphy, Abdulaziz, Xi Jinping's Organizations: Energy, China Business Conference, Saudi Aramco, Petrochemical, Zhejiang Petrochemical Locations: Saudi Arabia, China, Saudi
☆ Erdogan picks Hafize Gaye Erkan to lead Turkey's central bank
  + stars: | 2023-06-09 | 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 EmailErdogan picks Hafize Gaye Erkan to lead Turkey's central bankShe is the country's fifth central bank governor in four years. CNBC's Dan Murphy reports.
Persons: Erdogan, Hafize Gaye Erkan, CNBC's Dan Murphy
☆ Karim Benzema reportedly signs a deal worth more than $200 million with Saudi Arabia's Al-Ittihad
  + stars: | 2023-06-07 | 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 EmailKarim Benzema reportedly signs a deal worth more than $200 million with Saudi Arabia's Al-IttihadKarim Benzema reportedly signed a deal worth more than $200 million for 2 ½ years with Saudi Arabian football club Al-Ittihad. CNBC's Dan Murphy reports.
Persons: Karim Benzema, Saudi Arabia's Al, Ittihad Karim Benzema, CNBC's Dan Murphy Organizations: Saudi, Saudi Arabian, Al Locations: Ittihad
☆ Iran's embassy officially reopened in Saudi Arabia
  + stars: | 2023-06-07 | 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 EmailIran's embassy officially reopened in Saudi ArabiaIran's embassy has officially reopened in Saudi Arabia for the first time in seven years. CNBC's Dan Murphy reports.
Persons: CNBC's Dan Murphy Locations: Saudi Arabia
☆ Air travel to be disrupted by 'very frustrating' supply chain issues, IATA's Willie Walsh says
  + stars: | 2023-06-05 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +1 min
Supply chain issues will impact air travel in 2023, IATA director general says. Juliette Michel | Afp | Getty ImagesAir travel will be affected by "very frustrating" supply chain issues this year, according to Willie Walsh, director general of the International Air Transport Association, as he discussed the challenges facing the aviation sector this year. And we're already seeing that," Walsh told CNBC's Dan Murphy. A scarcity of air traffic control staff is also likely to be a problem in 2023, Walsh said. "The challenges we expect to see in the short term are outside of our control, and they principally relate to shortages, in resources in air traffic control," Walsh said.
Persons: Juliette Michel, Willie Walsh, Walsh, CNBC's Dan Murphy, We've Organizations: Afp, Getty, Air, International Air Transport Association, Boeing, Airbus Locations: U.S, United States, Europe
☆ Pegasus Airlines CEO: The aviation sector is benefiting from Turkey's affordability
  + stars: | 2023-06-04 | 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 EmailPegasus Airlines CEO: The aviation sector is benefiting from Turkey's affordabilityGuliz Ozturk, Pegasus Airlines CEO, tells CNBC's Dan Murphy the aviation sector is benefiting from Turkey's affordability.
Persons: CNBC's Dan Murphy Organizations: Pegasus Airlines
☆ Saudi energy minister defends voluntary oil cuts as precautionary
  + stars: | 2023-06-04 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +1 min
Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud arrives for the Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna on June 3, 2023Saudi Energy Minister Prince Abdulaziz bin Salman defended the voluntary output cuts announced by some allied oil producers in April, which he noted were first criticized as likely to spike crude prices — then, as failing to support them. This Sunday, they extended these measures through the end of 2024, with Riyadh announcing an additional 1 million-per-day voluntary and extensible drop, starting in July. The OPEC+ group otherwise collectively decided to stick to its targets for 2023, with production at 40.463 million barrels per day next year. On Sunday, the Saudi oil minister defended the voluntary moves as precautionary. "It was just our sensibility, if you will call it, that the environment was not sufficiently allowing confidence to be there.
Persons: Energy Prince Abdulaziz bin Salman al, Saud, Prince Abdulaziz bin Salman, —, Abdulaziz, CNBC's Dan Murphy Organizations: Energy, Organization of Petroleum Exporting, Saudi Energy, Organization of, Petroleum Locations: Saudi, Vienna, OPEC, Riyadh
☆ UAE oil chief is ‘the perfect person’ to lead UN climate talks, COP28 director general says
  + stars: | 2023-06-01 | by ( Sam Meredith | ) www.cnbc.com   time to read: +2 min
The UAE will host the COP28 climate summit from Nov. 30 through to Dec. 12. The director general of COP28 on Thursday defended the appointment of oil executive Sultan al-Jaber, describing the Abu Dhabi National Oil Company CEO as the "perfect person" to lead the climate talks. The UAE, the third-largest oil-producing member of the OPEC alliance, will host the COP28 climate summit from Nov. 30 through to Dec. 12. Asked by CNBC's Dan Murphy to respond to the calls to remove al-Jaber as president-designate of the summit, COP28 Director General Majid al-Suwaidi said: "This is a discussion that we've seen a lot in the media. "As the UAE we've been really focused on how do we deliver the results we need for COP28 and I know that Dr. Sultan is the perfect person to do that.
Persons: Sultan al, Jaber, COP28, Joe Biden, Ursula von der Leyen, Bernie Sanders, Elizabeth Warren, CNBC's Dan Murphy, Majid al, Suwaidi, we've, —, they're, Sultan Organizations: Abu, Abu Dhabi National Oil Company, European, United, U.S, UAE we've Locations: UAE, COP28, Abu Dhabi, United Arab Emirates
☆ What can investors expect from the future of Turkey's economy?
  + stars: | 2023-06-01 | 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 EmailWhat can investors expect from the future of Turkey's economy? CNBC's Dan Murphy reports on the outlook for Turkey and what it could mean for investors.
Persons: Dan Murphy Locations: Turkey
☆ What's next for Turkish politics?
  + stars: | 2023-05-29 | 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 EmailWhat's next for Turkish politics? CNBC's Dan Murphy speaks to Barin Kayaoglu of the American University of Iraq, Sulaimani, in Istanbul for the latest updates following the Turkish election of May 28.
☆ Erdogan secures Turkish election win
  + stars: | 2023-05-29 | 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 EmailErdogan secures Turkish election winIncumbent President Recep Tayyip Erdogan claimed victory in Sunday's historic electoral race, extending his two-decade rule for another five years. CNBC's Dan Murphy reports from Istanbul.
☆ VistaJet CEO defends company's financials as auditor raises liquidity, debt concerns
  + stars: | 2023-05-19 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
watch nowVistaJet CEO Thomas Flohr defended his company's financial standing following reports that the fast-growing private charter jet company is facing liquidity and debt trouble. All documents and data was always available to our equity and debt holders," Flohr said. "We as a company, both shareholders and bondholders, [are] only focused on EBITDA, the cash creation of the company," Flohr said. That's as a private company the choice we're making as this conservative policy in place, but we might change it going forward." "Going forward, this infrastructure really allows us to grow the company from approximately $800 million EBITDA to $1.5 billion EBITDA," he said.
☆ VistaJet chairman discusses the company's results and responds to FT report
  + stars: | 2023-05-18 | 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 EmailVistaJet chairman discusses the company's results and responds to FT reportThomas Flohr, founder and chairman of VistaJet, speaks to CNBC's Dan Murphy about the company's latest financial results and a major Financial Times report on it.
☆ Markets in Turkey are down for a second day after elections
  + stars: | 2023-05-17 | 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 EmailMarkets in Turkey are down for a second day after electionsBanking stocks slid 8%, putting the sector's two-day losses at nearly 17%. CNBC's Dan Murphy reports.
☆ Russia's deputy prime minister visits Iran as both countries vow deeper cooperation in oil and gas
  + stars: | 2023-05-17 | 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 EmailRussia's deputy prime minister visits Iran as both countries vow deeper cooperation in oil and gasBoth countries stressed further cooperation in the oil and gas sectors, as the two are under harsh sanctions from the West. CNBC's Dan Murphy reports.
☆ Turkey's election looks likely to head into a runoff vote
  + stars: | 2023-05-15 | 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 EmailTurkey's election looks likely to head into a runoff voteTurkey votes in a knife-edge election. With most votes counted, neither candidate has reached the 50% threshold for a majority and a runoff vote in two weeks looks likely. CNBC's Dan Murphy reports from Istanbul.
☆ Crypto companies are playing poker with the SEC as agency cracks down on the industry
  + stars: | 2023-05-15 | by ( Ryan Browne Arjun Kharpal | Ryan Browne | Arjun Kharpal | ) www.cnbc.com   time to read: +7 min
Major players are hoping that the SEC and Washington takes, what crypto watchers see as bluffs, seriously and soften the hard line that regulators have taken on the industry. Coinbase CEO Brian Armstrong said last week that the SEC was on a "lone crusade" with its tough actions against certain crypto companies. "The SEC is a bit of an outlier here," Armstrong told CNBC's Dan Murphy in an interview in Dubai. But he's created some lawsuits, and I think it's quite unhelpful for the industry in the U.S. writ large." "The biggest fear of crypto companies is that regulation will cause panic among crypto investors and prices will go down.
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