What opportunities or risks could a deal between world powers and Iran over its nuclear program open up?» Read More
Oil prices would not ease even if production were raised because speculation and taxes are behind the soaring market, Saudi Arabia's King Abdullah was quoted as saying in a Kuwaiti newspaper on Tuesday.
The current dip in gold prices is temporary and demand for the precious metal is likely to rise in the medium term, Ronald-Peter Stoferle, international equities analyst at Erste Bank, wrote in a market note Wednesday.
The United Arab Emirates would only increase oil production as part of a decision agreed by all of OPEC, Oil Minister Mohammed al-Hamli said on Wednesday, dashing faint hopes it might follow recent Saudi boosts.
Transatlantic stock market operator NYSE Euronext said it would buy a 25 percent stake in the Doha Securities Market for $250 million, boosting its access to the fast-growing Middle East economy.
Eight-cylinder luxury cars will rumble along Jeddah's highways guzzling cheap Saudi gasoline as energy powers hold emergency talks in the Red Sea port this weekend to brake the free-wheeling rise in oil prices.
Federal regulators said they will place stricter limits on foreign exchanges that trade U.S. oil as concerns continue to grow about the role of speculation in rising fuel prices.
The market is full of oil and the rising price trend is "fake and imposed," Iran's president said on Tuesday, partly blaming a weak U.S. dollar which he said was being pushed lower on purpose.
More oil from Saudi Arabia or other OPEC producers would not ease high global oil prices because they are the result of market speculation, Iraqi Oil Minister Hussain al-Shahristani told Reuters on Thursday.
The Abu Dhabi Investment Council is negotiating to buy a 75 percent stake in New York City's landmark Chrysler Building for $800 million, the New York Post reported on Wednesday.
U.S. Treasury Secretary Henry Paulson on Monday defended the dollar's status as the world's reserve currency and said its recent decline was only a small factor behind a surge in oil prices.
Top oil exporter Saudi Arabia has boosted supply to help meet the world's need for fuel and may further increase output later if needed, a senior Gulf OPEC source said on Wednesday.
The annual World Economic Forum took place in Sharm El Sheikh, Egypt, focusing on the investment and growth opportunities in the Middle East.
When Rene Obermann took over Deutsche Telekom at the end of 2006 he was tasked with the firm's struggling domestic operations. But his non-domestic challenges have been—and continue to be—plentiful.
European planemaker Airbus has warned customers they may face more delays on delivery of the world's largest passenger plane, the A380, which is already two years behind schedule.
A cash shortage among private-equity firms will slow down overall merger and acquisition activity even more this year, but investors looking for action should keep an eye on consolidation and strategic deals.
Abu Dhabi government-owned IPIC and Qatar Investment Authority (QIA) will establish a $2 billion fund for global acquisitions, the managing director of IPIC said on Tuesday.
India's lucrative outsourcing industry struggled Thursday to overcome Internet slowdowns and outages after cuts in two undersea cables sliced the country's bandwidth in half.
Talk about a little car making a big impression. Yesterday, when you saw Tata's new microcar, the Nano, and its equally small price of $2,500 you sent me e-mails. You love it! You really, really love
Oil prices have pulled back from the century mark, but supply worries could help to keep oil prices near these heights. I’m keeping a close eye on the global hot spots that were major factors in crude surging nearly 60 percent last year--because they could be the catalysts for oil prices to pop or drop in 2008.
Toyota Motor will raise its projected global production to almost 10 million vehicles next year, and could soon outpace U.S. rival General Motors to become the world's largest automaker, a newspaper reported.