Experts Warn Higher Rates Threaten Growth as Mideast Conflict Risks Wider Impact

Starwood Capital CEO Barry Sternlicht predicts the Fed will have to halt rate hikes as higher rates make US debt too costly.

Bank of America's Jim DeMare warns high rates are having a "dangerous" effect, preventing capital from flowing to innovative industries.

Jared Kushner believes the recent Hamas attack on Israel aimed to thwart progress on regional stabilization between Israel and Saudi Arabia.

IMF head Georgieva warns prolonged Middle East conflict risks impacting neighboring countries amid already high interest rates.

The developer of Saudi's $63 billion Diriyah project will spend $10 billion on the tourist destination in 2023 after $7.5 billion this year.