CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude closed around $59. Meanwhile, gas prices continue to climb, hitting an average of $2.52/gallon.» Read More
Flush with oil dollars, Qatar has become the richest country per capita in the world. In an exclusive interview, CNBC's Maria Bartiromo talks with Qatar's First Deputy Prime Minister, Sheikh Hamad Bin Jassim Bin Jabr al-Thani, about where his country is investing all that wealth.
Oil slipped toward $80 per barrel Tuesday, retreating for a third day as a strengthening dollar and concerns about the world economy prompted investors to take profits.
Oil prices closed down on Monday, as investors took profit from the near-record highs of last week and weighed the threat of a deeper economic slowdown in the United States, the world's top oil consumer.
More crude supply from OPEC would do little to ease $80 oil as speculative investment flowing into the market from other assets is boosting the price, Qatar's oil minister said on Monday.
Oil futures fell Friday as a late flurry of selling overcame an earlier rally driven by the steadily weakening dollar.
Oil rose sharply to $83 per barrel on Thursday, as a weak dollar and supply worries ahead of the winter heating season encouraged buying by financial investors
Kuwait has approved a budget of 4 billion dinars ($14.29 billion) to build the Middle East's largest refinery, more than double the initial estimate, state refiner Kuwait National Petroleum (KNPC) said.
A Qatari investment fund that has made a preliminary bid of about $21.3 billion for J Sainsbury said Tuesday that it is holding confidential talks with the British grocer's pension fund.
Dubai has taken new steps toward becoming a true global financial powerhouse, buying 20% stakes in the Nasdaq and London Stock Exchange as higher oil has given the Gulf state even more money to invest. But why are exchanges so attractive to Middle East investors?
A 144-nation atomic energy conference criticized Israel Thursday for refusing to put its nuclear program under international purview, with the United States alone in supporting the Jewish state.
The Qatar Investment Authority said on Thursday that a wholly owned subsidiary, Qatar Holding, had bought a 20% stake in the London Stock Exchange.
Brazil, Russia, India and China offered huge opportunities to investors, but it looks like the new hot spots are in Central and Eastern Europe, the Middle East and Africa.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
OPEC weighed a push by some members Monday to modestly boost its production quota amid stubbornly high oil prices and expectations of a spike later this year in the global demand for crude.
Shares in Britain's BAE Systems climbed as much as 4.4% on Friday after a newspaper reported it will clinch a 20 billion pound ($40.5 billion) deal to supply fighter jets to Saudi Arabia next week.
Sweden's Financial Supervisory Authority (FI) said it would investigate to see if OMX used inappropriate defense measures after Borse Dubai launched an unsolicited bid for the exchange owner.
Franklin Templeton Investments, which manages $621 billion in assets, has bought 25% of Dubai's Algebra Capital and wants to grow its business in Arab markets, it said on Tuesday.
State-owned Qatar Investment Authority, which has offered to buy British supermarket chain J. Sainsbury's, has raised a $3 billion loan as a "warchest for investments", a banker said on Monday.
Representatives of the Qatari Investment Authority have indicated a willingness to pay as much as 15 pounds ($30) a share for Nasdaq's 31% percent stake in the London Stock Exchange the Sunday Times newspaper said.
State-run Borse Dubai violated Swedish takeover law in the run-up to a bid for exchange owner OMX but no action against the group is planned, a Swedish regulator said on Thursday.
OPEC member Libya does not see a need for the exporter group to cut or increase its oil output at a September 11 meeting, the country's top oil official said on Wednesday.