A senior political figure from the Middle East said that a lack of governance and "violent" policies were partly responsible for the rise of ISIS.» Read More
SINGAPORE, May 21- U.S crude futures eased towards $58.50 a barrel on Thursday as concerns over a supply glut and a strong dollar weighed on prices, but a steeper than expected draw on crude inventories put a floor under prices. *U.S. crude for July delivery fell 20 cents to $58.78 a barrel as of 0005 GMT after settling up 99 cents in the previous session.
Andrew Freris, CEO of Ecognosis Advisory, discusses CNBC's interview with King Abdullah II of Jordan who said the country's economy is able to withstand regional instability.
King Abdullah II of Jordan discusses the resilience of his country's economy and outlines the opportunities in the region that will continue to attract investors.
Despite the geopolitical events taking place in the region -such as in Iraq and Syria - Jordan remains stable says King Abdullah II of Jordan. The monarch also discusses investment and trade opportunities for the country.
Refugees from neighbouring countries can be on burden on Jordan's economy says King Abdullah II of Jordan, calling for more help from the international community. He also highlights the risk of a "lost generation".
GENEVA, May 21- Business jet makers, hit badly by the financial crisis, expect an upturn in mature economies such as the United States will encourage companies to once again buy new corporate planes or replace aging jets, executives said this week. Many companies in North America and Europe, from carmakers to banks and tech firms, scaled back usage or sold their...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
*Kuwait, Bahrain parliaments probing national funds. Issue of wasting resources becomes more sensitive. DUBAI, May 20- Running sovereign wealth funds in the Gulf has become an awkward business in the era of cheap oil, as their managers face growing pressure from politicians and the public to prove they're investing national reserves wisely.
DUBAI, May 20- An $85 million loan taken out by a Ugandan bank this year points to an emerging trend in international capital markets: the rise of the Gulf as a syndicated loan market for Africa and Asia. Stanbic Bank Uganda originally intended to raise $75 million through the 18- month deal in January, but expanded that because of strong interest from banks wanting...
GAZA CITY, Gaza Strip— The reconstruction of the Gaza Strip is going "far more slowly than expected" after a devastating war between Israel and the Hamas militant group last year, the International Monetary Fund said this week. The pledges were made at an international conference in Cairo after the end of the 50- day war last summer between Israel and Gaza's Hamas...
Richard Engel, NBC News reports the Iraqi city of Ramadi is in the hands of terror group ISIS despite months of airstrikes by the Iraqi army.
Col. Jack Jacobs, U.S. Army (retired), discusses the latest developments in Iraq, as military forces there gear up to fight back against the militant group ISIS. Ian Bremmer, Eurasia Group, shares perspective.
*Dividend raised by 5.9 pct to 18 pence. LONDON, May 20- British retailer Marks& Spencer raised hopes that it has finally rediscovered a winning formula as it reported a rise in annual profit for the first time in four years and its intention to return excess cash to shareholders. Britain's biggest clothing retailer, which also sells homeware and upmarket food,...
*Middle East crude flows to China down over 10 pct since January. BEIJING/ SINGAPORE, May 20- Saudi Arabia and its main Middle East OPEC partners are turning down Chinese requests for extra oil as they hold back fuel for their own refineries just as demand from the world's biggest crude importer hits new records. Reuters pricing and trade flow data show a 40 percent...
DUBAI, United Arab Emirates— The property developer behind the record-breaking Burj Khalifa skyscraper in Dubai will float shares in its Egyptian subsidiary to raise cash for ongoing and future projects in the North African nation. Dubai- based Emaar Properties announced Wednesday that investors will have a chance to buy 13 percent of its Emaar Misr...
*U.S. crude for July delivery rose 45 cents to $58.44 a barrel as of 0002 GMT. *Front month Brent futures rose 50 cents to $64.52 after falling $2.25 in the previous session to close at $64.02 a barrel. *U.S. crude inventories fell by 5.2 million barrels to 476.7 million in the week to May 15, data from industry group the American Petroleum Institute showed on Tuesday.
Jordan's economy faces many challenges - including high numbers of refugees and energy needs - says King Abdullah II of Jordan. But the Kingdom is taking steps to address them.
With billions of dollars ready to be invested, King Abdullah II of Jordan, highlights the sectors the country wants to strengthen, such as ICT and renewables.
Jordan is working on several strategic deals to boost its energy sector, including a "big one" with China, King Abdullah II of Jordan tells CNBC.
Investing in Jordan is "safe" and the environment is "stable" despite the events happening in neighbouring countries, King Abdullah II of Jordan tells CNBC.