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Middle East

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  • Farrell: Israel's New Troubles & Turkey's New Power Tuesday, 1 Jun 2010 | 10:01 AM ET

    With one action, Turkey now appears to be the defender of the Palestinians in Gaza, usurping the role that Iran has been trying to claim. Israel was trying to keep control of Gaza and will claim they were provoked and attacked first.

  • Qatar Eyes Treasury's Citi Stock Wednesday, 26 May 2010 | 5:23 AM ET
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    The Qatar Investment Authority, a sovereign wealth fund, has expressed interest in buying part of the U.S. Treasury's stake in Citigroup, potentially boosting efforts to sell the shares amid the global rout in banking stocks, the FT reports citing people familiar with the matter .

  • Underground Broker Network a Bane in Terror Probes Friday, 14 May 2010 | 8:30 AM ET
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    Long before there was MoneyGram and Western Union, people in South Asian countries often used an informal network of brokers, called an "hawala," to transfer money over long distances when it was too inconvenient or dangerous to send cash by courier.

  • 'Carthaginian Peace' Could Be Bad for Gold: Strategist Thursday, 13 May 2010 | 8:10 AM ET
    Burning Money

    Carthaginian peace refers to the imposition of a very brutal “peace,” or the armistice imposed on Carthage by Rome that saw the Romans systematically burn Carthage to the ground.

  • Remove Card and Take Bullion; Gold ATM Debuts Thursday, 13 May 2010 | 6:05 AM ET

    Amid fears over the strength of nearly every major currency, Abu Dhabi’s top hotel has come up with a new type of ATM for their most risk-averse guests. The Emirates Palace is giving those staying there to chance to withdraw gold from the world first ever gold dispenser.

  • Amid Wild Headlines, Fundamentals Drive Stocks Thursday, 13 May 2010 | 5:38 AM ET
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    Despite a fully-fledged debt crisis in Europe, the stock market continues to defy the bears to trade higher on the year.

  • Spill Could Raise Shipping Rates Monday, 3 May 2010 | 5:35 PM ET
    Trade

    Shipping in and around the Gulf of Mexico is business  as usual, in spite of the oil spill, in this heavily trafficked area. But should the oil spill spread, higher shipping rates could result, an analyst told CNBC Monday.

  • Caterpillar Moving Ground in Emerging Markets Monday, 26 Apr 2010 | 3:36 PM ET

    Caterpillar is focusing on emerging markets for increased earnings and sales, rather than the US, outgoing CEO Jim Owens told CNBC Monday.

  • Greece Will Be Forgotten Like Dubai: Currency Expert Monday, 26 Apr 2010 | 6:41 AM ET
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    There is no evidence of contagion from the Greek debt debacle to other markets, but the country's woes will help push the euro down, boosting exports for some countries in the single European currency area, David Bloom, global head of foreign exchange research at HSBC, told CNBC Monday.

  • Israel Pushing to Make the World Greener Tuesday, 20 Apr 2010 | 1:36 PM ET
    Eilat, Israel

    Israel perhaps has more to gain than anyone else from going clean and green. Right now, Israel is almost fully dependent on fossil fuels that pollute the country. Israel still gets its oil from secondary sources, because Arab nations won't sell to Israel directly.

  • Stranded in Europe: News Crew Waits for Clear Skies Monday, 19 Apr 2010 | 3:23 PM ET
    Vienna Terminal

    Perhaps, you’ve been mystified, like me and the CNBC crew here in Vienna, by how a big cloud now covering much of Europe has brought us back to the Stone Age, travel-wise.

  • Obama’s Offshore-Drilling Plan: A Start Thursday, 1 Apr 2010 | 9:32 AM ET
    off shore oil rig

    In some sense, I’m glad President Obama is opening the door to offshore oil drilling. But in the spirit of free-market deregulation, I do think that much, much more should be done in the Atlantic, the Gulf of Mexico, the Pacific, and Alaska.

  • Middle East Growth Fueled by Infrastructure and Consumers Wednesday, 31 Mar 2010 | 5:53 PM ET
    Dubai

    What many Westerners may know about the Middle East falls far short of what the vast region has to offer investors.

  • Cramer’s ‘Drill, Obama, Drill’ Plays Wednesday, 31 Mar 2010 | 3:29 PM ET

    Plus, get his top stocks for playing the Middle East markets.

  • The Middle East's Most Competitive Countries Wednesday, 31 Mar 2010 | 8:09 AM ET
    As one of the the most difficult economic climates in generations continues, Western countries still dominate the top 10 slots in the World Economic Forum's Global Competitiveness Report, led by Switzerland and the United States. But in the Middle East, 13 countries continue their upward trend of recent years, with a number of countries measurably improving their competitiveness. In this respect, significant differences between countries persist. In many energy exporting countries, abundant oil

    While America took a big hit during the financial crisis, many Middle Eastern economies grew. Click to see where these countries rank globally and regionally.

  • Making Big Money in the Middle East Tuesday, 30 Mar 2010 | 5:31 PM ET
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    The Middle East is home to more young people, more oil and more big money pools than anywhere else on earth. Nearly a trillion dollars is being spent on new roads, cellphone users are surging 24% a year, and only 10% of people have bank accounts. That means there's money to be made.

  • Dubai Holding May Restructure $20 Billion in Debt Monday, 29 Mar 2010 | 5:54 AM ET
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    Dubai Holding, a conglomerate owned by the emirate’s ruler, is looking at options that could include restructuring $20bn in debt, possibly dealing another blow to investors, the Financial Times reports.

  • OPEC to Urge Members to Stick to Quotas Tuesday, 16 Mar 2010 | 9:28 AM ET
    Oil Barrels

    As oil ministers prepare to meet in Vienna Wednesday, there is little doubt that OPEC will keep production targets on hold.

  • F1 Highlights the Real Gulf Competition Friday, 12 Mar 2010 | 9:34 AM ET
    Bahrain skyline

    Four former world champions line up on the starting grid to start one of the most exciting and intriguing Formula One seasons for years. Personally, my head is supporting Button or Hamilton, but (as the years tick by) my heart is rooting for the old guy, Schumacher.

  • Google, China to Solve Dispute Soon: Google CEO Wednesday, 10 Mar 2010 | 10:07 AM ET

    Google and China will resolve their differences over censorship and an alleged attack on Google's service "soon", Eric Schmidt, the Chief Executive of Google, told reporters in Abu Dhabi where he takes part in the emirate's first ever Media Summit.