The logo of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Thursday, July 6, 2023. Bloomberg | Bloomberg | Getty Images The influential Organization of the Petroleum Exporting Countries coalition and its allies, collectively known as OPEC+, on Thursday opted against formally deepening production cuts, while de facto leader Saudi Arabia … Read more
Start your engines. From Formula One races to the Summer Olympic Games, traveling to attend major sporting events is on the rise. Sports tourism, as it’s called, is one of the fastest-growing sectors in the travel industry, according to the United Nations World Tourism Organization. The market is massive, and only stands to grow, … Read more
Saudi Arabia looks set to be the host of the 2034 World Cup after the only other country to have shown an interest in hosting — Australia — made a last-minute decision not to bid. “We have reached the conclusion not to do so for the 2034 competition,” a statement from Football Australia said Tuesday, … Read more
The Saudi National Bank headquarters and other buildings in Riyadh. Bloomberg | Bloomberg | Getty Images RIYADH — 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. The deadline: Jan. 1, 2024. In a bold surprise … Read more
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co speaks on September 25,2019 in New York, US. Misha Friedman | Getty Images News | Getty Images JPMorgan Chase CEO Jamie Dimon is asked routinely where he sees the greatest threats to the global economy — and to mankind in general. Speaking on … Read more
The JPMorgan Chase & Co. headquarters in New York, US, on Friday, July 7, 2023. Michael Nagle| Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more
Kristalina Georgieva, managing director of the International Monetary Fund (left), Ajay Banga, president of the World Bank Group (center) and Mohammed Al-Jadaan, Saudi Arabia’s finance minister, during a panel session at the annual meetings of the International Monetary Fund and World Bank in Marrakesh, Morocco, on Thursday, Oct. 12, 2023. Bloomberg | Bloomberg | Getty … Read more
Children are seen in a destroyed house after Israeli attacks in Gaza City, Gaza on October 07, 2023. Mustafa Hassona | Anadolu Agency | Getty Images From being labeled “Israel’s 9/11,” to the culmination of a “50-year time bomb,” political analysts are reacting to the Israel-Hamas conflict and contemplating what happens next as the fighting … Read more
Saudi Arabias Crown Prince Mohammed bin Salman (R) takes part in a working session with the US president (not pictured) at the Al Salam Royal Palace in the Saudi coastal city of Jeddah, on July 15, 2022. Mandel Ngan | AFP | Getty Images Saudi Arabia announced its commitment to building a nuclear energy program, … Read more
Saudi Arabian Crown Prince Mohammed bin Salman attends the G20 Leaders’ Summit via videoconference in Riyadh, Saudi Arabia on October 30, 2021. Royal Court of Saudi Arabia | Anadolu Agency | Getty Images Saudi Crown Prince Mohammed bin Salman lit up social media with his blunt response to accusations that his government is “sportswashing,” or … Read more