Middle East


  • More Oil Will Not Bring Price Down: Saudi King Tuesday, 1 Jul 2008 | 3:15 AM ET

    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.

  • Gold Price Likely to Rise Again: Stocks Analyst Wednesday, 25 Jun 2008 | 8:53 AM ET

    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.

  • UAE Will Only Boost Output Within OPEC Deal Wednesday, 25 Jun 2008 | 4:11 AM ET

    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.

  • NYSE Euronext to Buy 25% in Doha Securities Market Tuesday, 24 Jun 2008 | 3:51 AM ET

    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.

  • OPEC Hike Unlikely at Jeddah Emergency Oil Talks Friday, 20 Jun 2008 | 3:48 AM ET

    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.

  • Regulators Moving to Curb Speculative Oil Trading Tuesday, 17 Jun 2008 | 11:13 AM ET
    Traders buy and sell crude oil futures contracts at the New York Mercantile Exchange.

    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.

  • Oil Refinery

    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.

  • Iraq: OPEC Hike Would Not Ease Oil Price Thursday, 12 Jun 2008 | 5:36 AM ET

    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.

  • Abu Dhabi to Buy NY's Chrysler Building: NY Post Wednesday, 11 Jun 2008 | 6:49 AM ET

    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.

  • Paulson Committed to Dollar as Reserve Currency Monday, 2 Jun 2008 | 5:35 AM ET
    Henry M. Paulson, US Treasury Secretary

    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.

  • Saudi Arabia Pumps Extra Oil to Match Demand Wednesday, 28 May 2008 | 8:22 AM ET

    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.

  • WEF: The Rise and Rise of the Middle East Tuesday, 20 May 2008 | 11:02 AM ET

    The annual World Economic Forum took place in Sharm El Sheikh, Egypt, focusing on the investment and growth opportunities in the Middle East.

  • Europe Preview: Deutsche Telekom Looms Wednesday, 7 May 2008 | 2:40 PM ET
    Woman on Cell phone.

    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.

  • Airbus Warns A380 May Face More Delays Tuesday, 6 May 2008 | 10:08 AM ET

    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.

  • Look for Mergers, Not Buyouts in 2008 Friday, 18 Apr 2008 | 4:52 AM ET

    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.

  • UAE, Qatar to Set Up $2 Billion Acquisition Fund Tuesday, 25 Mar 2008 | 5:07 AM ET

    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.

  • Massive Internet Outage Hobbles India Outsourcers Thursday, 31 Jan 2008 | 1:36 PM ET

    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.

  • Tata's Nano: You Love It, You Really Love It! Friday, 11 Jan 2008 | 8:54 AM ET
    Tata Nano

    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_hot_spots.jpg

    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 to Boost Output, May Outpace GM: Report Sunday, 16 Dec 2007 | 5:06 PM ET
    Toyota and GM

    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.