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Saudi Arabia’s first alcohol store is a big step, but also aims to tackle a longstanding problem: Booze smuggling

Saudi Arabia’s first alcohol store has opened in the diplomatic quarter of its capital Riyadh, accessible to non-Muslim diplomats.  While…
Economy

Turkey hikes interest rate again to 45% after inflation nears 65%

Turkey’s central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the…
Politics

Saudi Arabia opens its first-ever alcohol store — but it’s only accessible to a select group

Saudi Arabia has opened its first alcohol store in the diplomatic quarter of its capital Riyadh, two sources told CNBC.…
Finance

Hedge fund billionaire Bill Ackman and wife Neri Oxman buy nearly 5% stake in Tel Aviv Stock Exchange

Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv…
Politics

‘Unprovoked violation’: Iran strikes Syria, Iraq and Pakistan as Middle East tensions spike

DUBAI, United Arab Emirates — Within 24 hours, Iran launched missile and drone strikes on targets in three countries —…
Politics

Middle East crisis: Houthis say U.S., U.K. will pay a ‘heavy price’ after Yemen strikes

This was CNBC’s live blog tracking developments in the Middle East and the Red Sea crisis. A Houthi official pledged…
Economy

Turkish lira hits fresh record low against the U.S. dollar

The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback…
Economy

Saudi Arabia nearly doubles estimate for the value of its mineral resources

Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during…
Politics

Houthi attacks rocking Red Sea trade routes likely won’t end anytime soon. Here’s what could happen next

Drone and missile attacks by Yemen-based Houthi militants have upended shipping through the Red Sea and Suez Canal, a narrow…
Economy

Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs

DUBAI, United Arab Emirates — Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing their regional headquarters…