It’s a ‘security imperative’ that women are part of the global peace process, says UAE ambassador to the UN

Including women in the global peace process is both the “right thing” to do and the “smart thing” to do, the United Arab Emirates’ ambassador and permanent representative to the United Nations said this week. “Absolutely, it’s a security imperative today,” Lana Nusseibeh told CNBC’s “Capital Connection” on Monday. “It’s clear for us as the UAE … that women form part of the peace and security continuum,” she said at the Global Women’s Forum Dubai. According to U.N. Women, direct female particip


Including women in the global peace process is both the “right thing” to do and the “smart thing” to do, the United Arab Emirates’ ambassador and permanent representative to the United Nations said this week.
“Absolutely, it’s a security imperative today,” Lana Nusseibeh told CNBC’s “Capital Connection” on Monday.
“It’s clear for us as the UAE … that women form part of the peace and security continuum,” she said at the Global Women’s Forum Dubai.
According to U.N. Women, direct female particip
It’s a ‘security imperative’ that women are part of the global peace process, says UAE ambassador to the UN Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-17  Authors: abigail ng
Keywords: news, cnbc, companies, imperative, security, women, thing, global, nusseibeh, smart, right, process, ambassador, united, uae, peace


It's a 'security imperative' that women are part of the global peace process, says UAE ambassador to the UN

A Tunisian female protester waves the flag of Palestine as she attends a national march held on the main avenue Habib Bourguiba to protest against U.S. President Donald Trump’s Middle East peace plan on February 05, 2020.

Including women in the global peace process is both the “right thing” to do and the “smart thing” to do, the United Arab Emirates’ ambassador and permanent representative to the United Nations said this week.

“Absolutely, it’s a security imperative today,” Lana Nusseibeh told CNBC’s “Capital Connection” on Monday.

“It’s clear for us as the UAE … that women form part of the peace and security continuum,” she said at the Global Women’s Forum Dubai.

That’s why the country is an “avid supporter” of the U.N. Security Council resolution that mandates the involvement of women in the world’s peace and security architecture, she said.

Nusseibeh said, however, that there aren’t enough women who are negotiators or mediators in peace solutions at the moment.

“I think you see that correlates directly to the length of how long peace agreements last,” she said. “They would last 35 years or longer with women around the table; they are now lasting five years or less because women are not consistently around the table.”

According to U.N. Women, direct female participation in peace negotiations increases the “sustainability and the quality of peace.”

“Not only is it the right thing to do – so it’s a moral imperative – but it’s the smart thing to do in terms of your foreign policy to lift women up, empower women,” Nusseibeh said.


Company: cnbc, Activity: cnbc, Date: 2020-02-17  Authors: abigail ng
Keywords: news, cnbc, companies, imperative, security, women, thing, global, nusseibeh, smart, right, process, ambassador, united, uae, peace


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There’s a ‘very exciting’ future beyond oil for Gulf countries, Investcorp says

Oil-reliant Gulf countries have a future beyond fossil fuels in industries such as entertainment and hospitality, the co-CEO of an investment firm told CNBC on Wednesday. While the GCC could simply look backward and be “wedded” to the oil industry, Hazem Ben-Gacem, co-chief executive of Investcorp, said he would like the region to “think differently.” The Gulf Cooperation Council is an economic alliance that includes large oil-exporting countries. When asked if he is worried about $50 oil, he sa


Oil-reliant Gulf countries have a future beyond fossil fuels in industries such as entertainment and hospitality, the co-CEO of an investment firm told CNBC on Wednesday.
While the GCC could simply look backward and be “wedded” to the oil industry, Hazem Ben-Gacem, co-chief executive of Investcorp, said he would like the region to “think differently.”
The Gulf Cooperation Council is an economic alliance that includes large oil-exporting countries.
When asked if he is worried about $50 oil, he sa
There’s a ‘very exciting’ future beyond oil for Gulf countries, Investcorp says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: abigail ng
Keywords: news, cnbc, companies, region, gcc, hospitality, theres, gulf, oil, investcorp, told, industries, exciting, countries, future, worried, think


There's a 'very exciting' future beyond oil for Gulf countries, Investcorp says

Oil-reliant Gulf countries have a future beyond fossil fuels in industries such as entertainment and hospitality, the co-CEO of an investment firm told CNBC on Wednesday.

While the GCC could simply look backward and be “wedded” to the oil industry, Hazem Ben-Gacem, co-chief executive of Investcorp, said he would like the region to “think differently.”

“There is a very exciting GCC that is beyond oil, that is in so many other industries, whether entertainment, hospitality, industrial, services,” he told CNBC’s “Capital Connection” at the Milken Institute Middle East and Africa Summit in Abu Dhabi.

The Gulf Cooperation Council is an economic alliance that includes large oil-exporting countries.

When asked if he is worried about $50 oil, he said there will always be issues to be worried about, but “we can’t be bogged down.” Whether oil prices are low or high, what matters is the strategy and direction for the future, said Ben-Gacem.

“I think there is a clear path for GCC 2.0 that is away from fossil fuel. That is very exciting,” he said.

“I have no doubt … in 15, 20 years’ time, I think it will be very impressive what this region of the world has accomplished,” he added.


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: abigail ng
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Mike Bloomberg could ‘handily beat’ Trump in 2020, says Scaramucci

Former White House communications director Anthony Scaramucci predicted that U.S. President Donald Trump is going to lose the 2020 election and former New York Mayor Mike Bloomberg is the “best of the available” candidates to win. He also argued that Trump’s chances have been hurt because he has not expanded his base since he was first elected. “He’s hammered down consistently on the same level of people and, despite the economic data, he’s missile-locked at about 42%.” The White House did not i


Former White House communications director Anthony Scaramucci predicted that U.S. President Donald Trump is going to lose the 2020 election and former New York Mayor Mike Bloomberg is the “best of the available” candidates to win.
He also argued that Trump’s chances have been hurt because he has not expanded his base since he was first elected.
“He’s hammered down consistently on the same level of people and, despite the economic data, he’s missile-locked at about 42%.”
The White House did not i
Mike Bloomberg could ‘handily beat’ Trump in 2020, says Scaramucci Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: abigail ng
Keywords: news, cnbc, companies, mike, 2020, scaramucci, white, chance, trump, hes, president, lose, handily, bloomberg, beat, going, house, base


Mike Bloomberg could 'handily beat' Trump in 2020, says Scaramucci

Former White House communications director Anthony Scaramucci predicted that U.S. President Donald Trump is going to lose the 2020 election and former New York Mayor Mike Bloomberg is the “best of the available” candidates to win.

Scaramucci publicly fell out with his former boss in 2019. He has since been a frequent, vocal critic of the president.

“The consensus of the elites is that President Trump is going to get re-elected, and so that’s why I actually think he’s going to lose,” he told CNBC’s Hadley Gamble on Tuesday at the Milken Institute Middle East and Africa Summit.

“Elites are typically wrong about this stuff,” Scaramucci added. “They said there was no chance he can get the nomination, there was no chance that Hillary Clinton could be beaten (in 2016).”

He also argued that Trump’s chances have been hurt because he has not expanded his base since he was first elected.

“Most great presidents, in their first term, figure out a way to expand their base,” he said. “He’s hammered down consistently on the same level of people and, despite the economic data, he’s missile-locked at about 42%.”

The White House did not immediately respond to a request for comment on the interview, which took place in early morning hours Washington time.

Scaramucci, who is founder and managing partner at investing firm SkyBridge, said: “We need to, as investors, prepare for his electoral defeat in November.”


Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: abigail ng
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Upward mobility is a challenge for the world amid tech revolution, says Mike Milken

Michael Milken attends Prostate Cancer Foundation’s Dinner At Daniel on November 19, 2019 at Daniel in New York City. Upward mobility is becoming a global challenge that may be related to the technological revolution, according to the chairman of the Milken Institute. Social mobility refers to how easy or difficult it is for someone to rise to a higher social or economic position. “This is a challenge, not just for the United States, but for the world,” he added. Milken then described how the te


Michael Milken attends Prostate Cancer Foundation’s Dinner At Daniel on November 19, 2019 at Daniel in New York City.
Upward mobility is becoming a global challenge that may be related to the technological revolution, according to the chairman of the Milken Institute.
Social mobility refers to how easy or difficult it is for someone to rise to a higher social or economic position.
“This is a challenge, not just for the United States, but for the world,” he added.
Milken then described how the te
Upward mobility is a challenge for the world amid tech revolution, says Mike Milken Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: abigail ng
Keywords: news, cnbc, companies, milken, challenge, amid, upward, rise, daniel, united, world, technology, mike, economic, revolution, mobility, tech, social


Upward mobility is a challenge for the world amid tech revolution, says Mike Milken

Michael Milken attends Prostate Cancer Foundation’s Dinner At Daniel on November 19, 2019 at Daniel in New York City.

Upward mobility is becoming a global challenge that may be related to the technological revolution, according to the chairman of the Milken Institute.

Speaking to CNBC’s “Capital Connection” at the think tank’s Middle East and Africa Summit in Abu Dhabi on Tuesday, Mike Milken said there are different levels of social mobility depending on where a person is born, and this varies even within the United States.

“If I’m born in Salt Lake City in the lowest social economic (level), I have a much better chance to rise in my lifetime to the highest than I do in other cities,” he said.

Social mobility refers to how easy or difficult it is for someone to rise to a higher social or economic position.

“This is a challenge, not just for the United States, but for the world,” he added.

Milken then described how the technology revolution led to uncertainty in the world.

“Every single one of the most valuable companies in the world today believed in faster computers, lower cost of data, ” he said. “With that, enormous fortunes have been created.”

However, people are also becoming worried about the future of jobs as technology changes every industry, he said, citing the sectors such as the media, manufacturing, transportation and energy.


Company: cnbc, Activity: cnbc, Date: 2020-02-11  Authors: abigail ng
Keywords: news, cnbc, companies, milken, challenge, amid, upward, rise, daniel, united, world, technology, mike, economic, revolution, mobility, tech, social


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Oil prices could slide further as coronavirus outbreak continues, analyst says

There could be a further $5 a barrel downside for oil prices as a result of the coronavirus, an energy analyst said this week. Both Brent and West Texas Intermediate crudes have suffered losses amid the coronavirus outbreak, but things could still get worse, according to Andy Lipow, president of Lipow Oil Associates. Oil prices have been under pressure following the rapid spread of a novel coronavirus that was first discovered in China. “Any extended period of time where we see this decline in d


There could be a further $5 a barrel downside for oil prices as a result of the coronavirus, an energy analyst said this week.
Both Brent and West Texas Intermediate crudes have suffered losses amid the coronavirus outbreak, but things could still get worse, according to Andy Lipow, president of Lipow Oil Associates.
Oil prices have been under pressure following the rapid spread of a novel coronavirus that was first discovered in China.
“Any extended period of time where we see this decline in d
Oil prices could slide further as coronavirus outbreak continues, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-05  Authors: abigail ng
Keywords: news, cnbc, companies, brent, think, prices, lipow, analyst, pressure, spread, going, coronavirus, outbreak, barrel, oil, continues, slide


Oil prices could slide further as coronavirus outbreak continues, analyst says

There could be a further $5 a barrel downside for oil prices as a result of the coronavirus, an energy analyst said this week.

Both Brent and West Texas Intermediate crudes have suffered losses amid the coronavirus outbreak, but things could still get worse, according to Andy Lipow, president of Lipow Oil Associates.

“I think it could slide even further,” he told CNBC’s “Squawk Box Asia” on Tuesday. “There could be another $5 a barrel downside in this because we simply don’t know the extent of the virus and how long it’s going to last.”

WTI was trading at $49.81 a barrel on Wednesday, down more than 18% since the beginning of 2020. Brent traded at around $54.22 a barrel, having fallen nearly 17% over the same period.

Oil prices have been under pressure following the rapid spread of a novel coronavirus that was first discovered in China. It has killed 490 people in the country and spread internationally over recent weeks.

Lipow said Chinese oil demand is “significantly down” and consumption has fallen around 20%, which equates to about 3 million barrels per day.

“Any extended period of time where we see this decline in demand is really going to further pressure the oil market,” he said.

When asked if Brent prices can get back to $60 a barrel, Lipow said that may take some time.

“I think it can, but it may take a couple of months because this coronavirus eventually will be resolved,” he said. “The market will eventually recover, the Chinese economy will get back to some semblance of normal, but it’s going to take a fair amount of time.”


Company: cnbc, Activity: cnbc, Date: 2020-02-05  Authors: abigail ng
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A Bernie Sanders presidency would present ‘one of the key risks for markets’ in 2020: UBP

Democratic presidential candidate Sen. Bernie Sanders (I-VT) addresses supporters during his caucus night watch party on February 03, 2020 in Des Moines, Iowa. Iowa is the first contest in the 2020 presidential nominating process with the candidates then moving on to New Hampshire. Even the possibility of Sen. Bernie Sanders winning the Democratic nomination for the 2020 elections is an important risk for markets this year, a chief investment officer told CNBC this week. “We think a Bernie Sande


Democratic presidential candidate Sen. Bernie Sanders (I-VT) addresses supporters during his caucus night watch party on February 03, 2020 in Des Moines, Iowa.
Iowa is the first contest in the 2020 presidential nominating process with the candidates then moving on to New Hampshire.
Even the possibility of Sen. Bernie Sanders winning the Democratic nomination for the 2020 elections is an important risk for markets this year, a chief investment officer told CNBC this week.
“We think a Bernie Sande
A Bernie Sanders presidency would present ‘one of the key risks for markets’ in 2020: UBP Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-04  Authors: abigail ng
Keywords: news, cnbc, companies, bernie, results, told, iowa, key, presidential, presidency, democratic, sanders, tax, present, markets, ubp, risks, 2020


A Bernie Sanders presidency would present 'one of the key risks for markets' in 2020: UBP

Democratic presidential candidate Sen. Bernie Sanders (I-VT) addresses supporters during his caucus night watch party on February 03, 2020 in Des Moines, Iowa. Iowa is the first contest in the 2020 presidential nominating process with the candidates then moving on to New Hampshire.

Even the possibility of Sen. Bernie Sanders winning the Democratic nomination for the 2020 elections is an important risk for markets this year, a chief investment officer told CNBC this week.

Sanders last year unveiled a plan to reverse President Donald Trump’s tax cuts for businesses and increase the corporate tax rate to 35%, up from 21%.

“We think a Bernie Sanders presidency or even the prospect that he wins the nomination probably presents one of the key risks for markets as we move through 2020,” said Norman Villamin, CIO of wealth management at Union Bancaire Privee.

“That’s largely because what you’re going to see is, the market will have to price the prospect of rising tax rates or a reversal of the tax cuts we saw in 2018,” he told CNBC’s “Capital Connection” on Tuesday.

“That will be a rather major hit to earnings if the market needs to anticipate that,” he added.

Villamin’s comments come amid delays in the release of the results from the Iowa caucuses. The vote is seen as significant because the candidate who wins Iowa, often proceeds as the Democratic Party’s presidential nominee.

The Iowa Democratic Party said it found “inconsistencies” in the reporting of some results. It also said the underlying data and paper trail is “sound,” but it will take time for the results to be ready.

Following these delays, Sanders told supporters he had a “good feeling we’re going to be doing very, very well in Iowa.”

Villamin isn’t the only market watcher who warns what Sanders could mean for big-money investors. The chief U.S. equity strategist at RBC told CNBC this week that markets have priced in a “Trump reelection.”

“The betting markets are sending a positive signal on Sanders right now,” said RBC’s Lori Calvasina. “The big sort of shift in trend is Bernie.”


Company: cnbc, Activity: cnbc, Date: 2020-02-04  Authors: abigail ng
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OPEC reportedly considering large production cut as coronavirus prompts crude collapse

OPEC and its allies could cut production by more than a million barrels a day at a rescheduled meeting this month, as policymakers work to arrest a double-digit collapse in the price of oil. The Wall Street Journal also reported on Monday, citing OPEC officials, that kingpin Saudi Arabia was considering an option to cut by 1 million barrels a day to jolt markets. While Croft suggested OPEC could cut “potentially in the million plus range,” other analysts have suggested a smaller cut may be more


OPEC and its allies could cut production by more than a million barrels a day at a rescheduled meeting this month, as policymakers work to arrest a double-digit collapse in the price of oil.
The Wall Street Journal also reported on Monday, citing OPEC officials, that kingpin Saudi Arabia was considering an option to cut by 1 million barrels a day to jolt markets.
While Croft suggested OPEC could cut “potentially in the million plus range,” other analysts have suggested a smaller cut may be more
OPEC reportedly considering large production cut as coronavirus prompts crude collapse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-03  Authors: dan murphy abigail ng, dan murphy, abigail ng
Keywords: news, cnbc, companies, million, large, reportedly, day, cut, crude, opec, barrel, production, considering, vienna, energy, prompts, barrels, coronavirus, collapse, meeting


OPEC reportedly considering large production cut as coronavirus prompts crude collapse

The logo of the Organization of the Petroleum Exporting Countries (OPEC) at the headquarters.

OPEC and its allies could cut production by more than a million barrels a day at a rescheduled meeting this month, as policymakers work to arrest a double-digit collapse in the price of oil.

“I think it is a ‘go big or go home’ moment for the organization,” Helima Croft, global head of commodity strategy at RBC Capital Markets, told CNBC Monday.

“If you are going the route of an extraordinary meeting, you will have to come up with a substantial reduction in order to prevent the market from further tanking,” she said, adding that OPEC may potentially cut production in the “1 million (barrel) plus range” this month. The Wall Street Journal also reported on Monday, citing OPEC officials, that kingpin Saudi Arabia was considering an option to cut by 1 million barrels a day to jolt markets.

Representatives from OPEC are reportedly planning to meet on Tuesday and Wednesday in Vienna to discuss options to mitigate the impact of a loss of demand arising from the deadly coronavirus outbreak.

Various scenarios are under active consideration. While Croft suggested OPEC could cut “potentially in the million plus range,” other analysts have suggested a smaller cut may be more likely.

“We’re expecting production cuts to the tune of about 500,000 barrels per day,” Yogi Dewan, CEO of Hassium Asset Management, told CNBC’s “Capital Connection.”

“OPEC is looking at this very, very carefully, just thinking to themselves, we need to do something here just to help support oil prices,” he added.

U.S. West Texas Intermediate was trading at $51.51 a barrel on Monday, having fallen more than 15% since the start of the year. Brent crude traded at $56.26 a barrel, having fallen 13% in the same period. Brent is now at its lowest level since January 2019.

Oil has struggled following the outbreak of a new coronavirus in China that was first reported in late December and has spread globally in recent weeks. China’s National Health Commission said there have been 17,205 confirmed cases and 361 deaths in the country as of the end of Sunday.

OPEC and its allies last year agreed to reduce supply by 1.7 million barrels per day until its next meeting in March 2020, but the group is now likely to reschedule its March 5-6 meeting for February, underscoring the severity of the situation and ongoing price declines.

Reports say the energy alliance’s Joint Technical Committee, a non-ministerial sub group that reviews the oil market, will meet on Tuesday and Wednesday in Vienna, while a full OPEC meeting is likely to follow next week.

According to Reuters reports, Russia’s Energy Minister Alexander Novak said he would be open to an earlier meeting, while Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, said OPEC+ would step in to bolster prices if needed.

OPEC President Mohamed Arkab has also said the meeting could be moved to February, according to the Algeria Press Service.


Company: cnbc, Activity: cnbc, Date: 2020-02-03  Authors: dan murphy abigail ng, dan murphy, abigail ng
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Saudi central bank shrugs off weaker growth forecast as tourism sector heats up

Ahmed Alkholifey, the governor of the Saudi Arabia Monetary Authority (R) attends the Islamic finance conference “a universal value proposition” in Kuwait City on May 2, 2018. The opening up of Saudi Arabia’s tourism sector will boost the country’s growth outlook and protect the economy from a slew of rising external risks, according to the kingdom’s central bank governor. “We are hoping that the non-oil sector will be leading to more economic growth … this year,” he said. The governor was spe


Ahmed Alkholifey, the governor of the Saudi Arabia Monetary Authority (R) attends the Islamic finance conference “a universal value proposition” in Kuwait City on May 2, 2018.
The opening up of Saudi Arabia’s tourism sector will boost the country’s growth outlook and protect the economy from a slew of rising external risks, according to the kingdom’s central bank governor.
“We are hoping that the non-oil sector will be leading to more economic growth … this year,” he said.
The governor was spe
Saudi central bank shrugs off weaker growth forecast as tourism sector heats up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: dan murphy abigail ng, dan murphy, abigail ng
Keywords: news, cnbc, companies, rising, weaker, central, alkholifey, bank, saudi, g20, presidency, tourism, forecast, shrugs, sector, global, heats, monetary, governor, growth


Saudi central bank shrugs off weaker growth forecast as tourism sector heats up

Ahmed Alkholifey, the governor of the Saudi Arabia Monetary Authority (R) attends the Islamic finance conference “a universal value proposition” in Kuwait City on May 2, 2018.

The opening up of Saudi Arabia’s tourism sector will boost the country’s growth outlook and protect the economy from a slew of rising external risks, according to the kingdom’s central bank governor.

“This is a step in the right direction when it comes to economic diversification,” Ahmed Alkholifey, governor of the Saudi Arabian Monetary Authority, told CNBC’s Dan Murphy in an exclusive interview on Thursday.

“We are hoping that the non-oil sector will be leading to more economic growth … this year,” he said.

The governor was speaking on the sidelines of the G-20 Conference on Domestic Capital Markets Development in Riyadh, Saudi Arabia. The kingdom assumed the G-20 presidency for 2020 last month.

“The presidency is coming at a time when the global economy is at a crossroad,” Alkholifey said, citing rising geopolitical tensions, worries over trade and vulnerabilities in the financial sector as top global concerns in the year ahead.


Company: cnbc, Activity: cnbc, Date: 2020-01-30  Authors: dan murphy abigail ng, dan murphy, abigail ng
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US, Israel have ‘unique opportunity’ in Middle East peace plan, but critics say deal is one-sided

U.S. President Donald Trump’s peace plan faced swift criticism after it was announced on Tuesday stateside. But one analyst told CNBC that America and Israel may have a “window of opportunity” to push this deal through. That’s because there are “looming issues” in the Middle East and priorities in the Muslim world appear to have changed, said Ryan Bohl, Middle East and North Africa analyst at Stratfor. “There are bigger issues, bigger fish to fry in the Middle East,” he said, citing the possibil


U.S. President Donald Trump’s peace plan faced swift criticism after it was announced on Tuesday stateside.
But one analyst told CNBC that America and Israel may have a “window of opportunity” to push this deal through.
That’s because there are “looming issues” in the Middle East and priorities in the Muslim world appear to have changed, said Ryan Bohl, Middle East and North Africa analyst at Stratfor.
“There are bigger issues, bigger fish to fry in the Middle East,” he said, citing the possibil
US, Israel have ‘unique opportunity’ in Middle East peace plan, but critics say deal is one-sided Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-29  Authors: abigail ng
Keywords: news, cnbc, companies, unique, east, push, onesided, middle, plan, president, deal, israel, opportunity, world, way, told, say, peace, window


US, Israel have 'unique opportunity' in Middle East peace plan, but critics say deal is one-sided

U.S. President Donald Trump’s peace plan faced swift criticism after it was announced on Tuesday stateside. Palestinian President Mahmoud Abbas called the deal “nonsense,” while Jordan’s foreign minister rejected the proposed recognition of Israeli settlements.

But one analyst told CNBC that America and Israel may have a “window of opportunity” to push this deal through. That’s because there are “looming issues” in the Middle East and priorities in the Muslim world appear to have changed, said Ryan Bohl, Middle East and North Africa analyst at Stratfor.

“In a certain way, this is a window of opportunity to push through, push past many of the problems that have kept peace plans from working in previous eras,” Bohl told CNBC’s “Capital Connection” on Wednesday.

“There are bigger issues, bigger fish to fry in the Middle East,” he said, citing the possibility of a U.S.-Iran war breaking out.

“There’s also generational changes amongst Arabs throughout the Muslim world who are no longer prioritizing the Palestinian question the way that they once did,” he said.

“This is a unique opportunity for these two leaders to assert the Israeli and American vision for Israel that sees Israel strengthened and the Palestinians put on the back foot,” he added.


Company: cnbc, Activity: cnbc, Date: 2020-01-29  Authors: abigail ng
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The sell-off in oil isn’t ‘entirely comparable’ to what happened with SARS, says CEO

There’s a “bear stampede” in the oil market as a new coronavirus spreads, but that may not be directly comparable to the sell-off in 2003 associated with the outbreak of severe acute respiratory syndrome (SARS), according to an energy analyst. Oil futures slid for a sixth session on Tuesday amid reports of a rising number of cases and casualties. “However, when it comes to the oil market, I don’t think it’s entirely comparable.” Energy prices also slumped during the SARS outbreak in 2003. But sh


There’s a “bear stampede” in the oil market as a new coronavirus spreads, but that may not be directly comparable to the sell-off in 2003 associated with the outbreak of severe acute respiratory syndrome (SARS), according to an energy analyst.
Oil futures slid for a sixth session on Tuesday amid reports of a rising number of cases and casualties.
“However, when it comes to the oil market, I don’t think it’s entirely comparable.”
Energy prices also slumped during the SARS outbreak in 2003.
But sh
The sell-off in oil isn’t ‘entirely comparable’ to what happened with SARS, says CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-28  Authors: abigail ng
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The sell-off in oil isn't 'entirely comparable' to what happened with SARS, says CEO

There’s a “bear stampede” in the oil market as a new coronavirus spreads, but that may not be directly comparable to the sell-off in 2003 associated with the outbreak of severe acute respiratory syndrome (SARS), according to an energy analyst.

Oil futures slid for a sixth session on Tuesday amid reports of a rising number of cases and casualties.

“It is based on a lot of fear and panic,” Vandana Hari, founder and CEO of energy markets consultancy Vanda Insights, told CNBC’s “Capital Connection” on Tuesday. “That fear and panic will probably not die down anytime soon.”

“It’s natural, very human to … hark back to SARS,” she said. “However, when it comes to the oil market, I don’t think it’s entirely comparable.”

Energy prices also slumped during the SARS outbreak in 2003. But she said there was “another, much bigger influence” in the oil market back then — the U.S. invasion of Iraq.

Brent crude went down from the mid-$30s to the mid-$20s at the time, she said. “The fear premium just before the invasion had peaked, then suddenly it dropped off quite rapidly when it realized that, though Iraqi production was affected, OPEC members rallied and pumped enough oil.”

The novel coronavirus also appears to be less severe, she said, noting that the virus has not spread the way SARS did outside of China.


Company: cnbc, Activity: cnbc, Date: 2020-01-28  Authors: abigail ng
Keywords: news, cnbc, companies, outbreak, energy, happened, isnt, entirely, market, panic, invasion, selloff, oil, sars, comparable, fear, coronavirus, severe, ceo


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