CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up again today. Traders say oil seems to be stabilizing around $60, and could hit $70 by the end of the year.» Read More
To grow, the Middle East island nation of Bahrain needs to be part of a collaborative effort with its much bigger and oil-richer neighbors, Bahrain, His Highness Shaikh Bin Hamad al Khalifa, CEO of the Bahrain Economic Development Board, told CNBC Wednesday.
This is a jobless recovery. That's the consensus among the executives and entrepreneurs here, who say improving employment is their #1 priority.
Schmidt says job creation is the most important thing the economy needs right now, particularly in the manufacturing sector. He's very frustrated at the government's slow pace in boosting employment—effectively saying it's ridculous that so much proposed legislation has to wait until after the November elections.
The future of the aviation industry has an Asian face, industry watchers say – and it is changing fast thanks to the rapid growth in passengers in the region that is creating strong demand for aircraft.
Day one delivered a raft of billion-dollar orders that will be making the headlines Tuesday and, as ever, the company hogging the limelight has been Emirates.
The CEO, Jim McNerney, stressed this needs to be "measurable" quarter-by-quarter and industry and company specific. As far as an up cycle in the market, he said, "that will take a little longer."
The public, both the American and those throughout the world, will demand greater regulation of the oil industry in light of the BP Gulf of Mexico spill, James Mulva, chairman and CEO of industry giant ConocoPhillips, told CNBC Friday.
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.
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 .
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 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.
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.
Despite a fully-fledged debt crisis in Europe, the stock market continues to defy the bears to trade higher on the year.
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 is focusing on emerging markets for increased earnings and sales, rather than the US, outgoing CEO Jim Owens told CNBC Monday.
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 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.
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.
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.
What many Westerners may know about the Middle East falls far short of what the vast region has to offer investors.