Middle East


  • *Abu Dhabi Islamic Bank plunges after Q4 results disappoint. DUBAI, Jan 26- Saudi Arabia's stock market rose on Monday as it traded for the first time since King Salman succeeded his brother Abdullah, who died on Friday. After swiftly assuming power, King Salman pledged continuity in energy and foreign policies and appointed younger men as his heirs, appearing to...

  • LONDON, Jan 26- Oil prices declined on Monday, with U.S. crude falling close to a nearly six-year low, as Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter. March Brent crude was trading down 86 cents at $47.93 a barrel by 0932 GMT, wiping out light gains made on Friday, but off an...

  • WASHINGTON— Rand Paul is demonstrating how he could disrupt the Republican presidential field if he seeks the nomination, sparring with potential rivals over Iran, Cuba and the Pentagon's budget in a face-to-face forum that offered an early preview of the feisty policy debate to come. The Kentucky Republican joined fellow first-term senators Ted Cruz of...

  • NEW YORK, Jan 26- A new wave of experimental cancer drugs that directly recruit the immune system's powerful T cells are proving to be immensely effective weapons against tumors, potentially transforming the $100 billion global market for drugs that fight the disease. But top oncology researchers are concerned about the two emerging technologies, citing...

  • *European Central Bank easing boosts global emerging markets. *Abu Dhabi's FGB jumps ahead of Q4 results. DUBAI, Jan 25- Stock markets in the United Arab Emirates and Qatar were mixed in low-volume trade on Sunday as most countries in the Middle East closed their bourses following the death of Saudi Arabia's King Abdullah.

  • Every January, Dubai is decked out in lights, banners and roadside ornaments heralding the event. Dubai, one of seven federal states in the United Arab Emirates, has far smaller oil reserves than the capital Abu Dhabi, and its economy relies heavily on retail, tourism and international trade. Russian travel operators in Dubai reported a sharp drop in the number of...

  • Saudi exchange closed after death of King Abdullah Sunday, 25 Jan 2015 | 5:25 AM ET
    Vehicle light trails pass the Kingdom Tower on King Fahad Road in Riyadh, Saudi Arabia.

    The securities exchanges of Saudi Arabia, Kuwait, Oman and Bahrain are closed on Sunday because of the death of Saudi King Abdullah.

  • ISLAMABAD— A massive blackout struck Pakistan early Sunday, leaving as much as 80 percent of the country without electricity at its height as officials rushed to restore power. A militant attack on a transmission tower in the southwestern Baluchistan province caused the blackout, said Zafaryab Khan, a spokesman for the Ministry of Water and Power.

  • ISIS claims beheading of Japanese hostage Saturday, 24 Jan 2015 | 3:32 PM ET
    An armed motorcade belonging to members of Derna's Islamic Youth Council, consisting of former members of militias from the town of Derna, drive along a road in Derna, eastern Libya October 3, 2014.

    Japan expressed outrage at an image that purported to show the decapitated body of one of two Japanese hostages captured by ISIS.

  • Obama heads to Saudi Arabia to meet new king Saturday, 24 Jan 2015 | 6:38 AM ET
    Saudi Crown Prince, Deputy Premier and Minister of Defense Salman bin Abdulaziz.

    U.S. President Barack Obama will visit Saudi Arabia on Tuesday to meet its new King Salman after the death of his predecessor Abdullah on Friday.

  • Obama to cut short India trip to pay call on Saudi Arabia Saturday, 24 Jan 2015 | 12:22 AM ET

    WASHINGTON— President Barack Obama will cut short his three-day trip to India to travel to Saudi Arabia to pay respects following the death of King Abdullah, U.S. and Indian officials said Saturday, hours before the U.S. president was to depart for New Delhi. White House spokesman Josh Earnest said the president and first lady Michelle Obama would travel to...

  • Producers can’t keep drilling at $45 oil: Pickens Friday, 23 Jan 2015 | 3:55 PM ET
    T. Boone Pickens

    Energy tycoon Boone Pickens predicted Friday that oil prices would be back near $70 or $80 a barrel by the fourth quarter of this year.

  • It's downhill for US after Saudi king dies: Experts Friday, 23 Jan 2015 | 1:38 PM ET

    The Saudis ultimately want higher oil prices, Again Capital partner John Kilduff tells CNBC after the death of King Abdullah.

  • BUENOS AIRES, Jan 23- Argentina suspects rogue agents from its own intelligence services were behind the death of a state prosecutor investigating the deadly 1994 bombing of a Jewish community center in Buenos Aires. He had been scheduled to appear before Congress on Monday to answer questions about his allegation that President Cristina Fernandez...

  • *Saudi-led OPEC focus set to stay on retaining market share. LONDON, Jan 23- Brent crude oil rose on Friday after the death of Saudi Arabia's king added to uncertainty in oil markets, although the new ruler indicated immediately there would be no policy change. Brent crude rose to a high of $49.80, up $1.28 a barrel, before easing to around $49.20 by 1515 GMT.

  • DUBAI, Jan 23- Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday in a message aimed at calming a jittery energy market mindful of Naimi's powerful role within the OPEC group of oil-exporting countries. The 79- year-old Naimi has been a leading figure in the market for two decades and successfully argued in November that...

  • Saudi Prince Alwaleed: Yemen in complete turmoil  Friday, 23 Jan 2015 | 9:43 AM ET

    Prince Alwaleed bin Talal, Kingdom Holdings chairman, shares his thoughts on how lower oil prices are creating instability in the Middle East.

  • Saudi Prince: We'll never see $100 oil again  Friday, 23 Jan 2015 | 9:35 AM ET

    Prince Alwaleed bin Talal, Kingdom Holdings chairman, shares his thoughts on his uncle's legacy, and denies his country is punishing U.S. frackers.

  • *King Salman faces biggest economic challenge since global crisis. Saudi Arabia can no longer throw money at problems in same way. King Salman, who took the throne in the early hours of Friday after the death of his brother King Abdullah, inherits an economy that faces its biggest challenge since the global financial crisis in 2009..

  • NEW YORK— McDonald's isn't lovin' it, and it's going to do something about it. The world's largest hamburger chain reported falling earnings and sales for its fourth quarter on Friday and says it is going to take action this year to save money and bring customers back. But the fast-food giant said its problems won't be fixed overnight: It expects sales to remain weak...