Middle East


  • The Iraqi government said Wednesday that Turkish artillery and warplanes bombarded areas of northern Iraq and called on Turkey to stop military operations and resort to dialogue.

  • U.K. Supermarket Sainsbury Confirms Bid from Qatari Group Wednesday, 18 Jul 2007 | 5:09 AM ET

    J Sainsbury, Britain's third-biggest supermarket group, confirmed it had received a preliminary bid approach from Qatari investment group Delta Two.

  • U.S. Says Doha Could be Delayed Several Years Thursday, 5 Jul 2007 | 7:45 AM ET

    A deal to free up world trade could be delayed several years if no progress is made by the end of 2007, the United States said on Thursday, as it stepped up criticism of India and Brazil over failed talks.

  • BBC Gaza Reporter Alan Johnston Is Freed Tuesday, 3 Jul 2007 | 9:42 PM ET

    Alan Johnston, the BBC journalist held hostage in the Gaza Strip since March, was handed over by his Islamist captors to ruling Hamas officials on Wednesday.

  • Dubai 'Sour' Futures Contract to Launch Thursday, 31 May 2007 | 6:24 AM ET

    The energy market could have a new benchmark oil price when Dubai launches its Middle East sour crude futures contract as an alternative to New York's NYMEX light crude oil futures and London's IPE Brent crude oil.

  • Quatar

    European planemaker Airbus signed a deal with Qatar Airways for 80 A350XWB aircraft with a total list price of $16 billion. The order replaces a 2005 agreement for 60 planes.

  • Dubai Looking to Crash Nasdaq OMX Deal: Report Sunday, 27 May 2007 | 4:43 PM ET

    Dubai International Financial Centre (DIFC), the owner of the Dubai stock exchange, is mulling a rival bid to Nasdaq's agreed $3.7 billion takeover of Nordic markets owner OMX, the Sunday Times reported.

  • Video Series: Business in Israel Monday, 14 May 2007 | 6:12 PM ET

    Business in Israel is booming, despite the ongoing conflict with its Arab neighbors and the ever-present threat of terrorism and military conflict.

  • Profits From Petrodollars Wednesday, 9 May 2007 | 7:52 PM ET

    You've probably heard of BRIC - Brazil, Russia, India and China - investing, but have you heard of BRIC-ME? Cramer's adding the Middle East as an investment hot spot.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.

  • U.S. crude oil futures ended lower for the third day in a row after government data showed supplies last week rose within market forecasts.

  • Devon Energy, an independent oil and gas producer, reported a 7% drop in first-quarter profit due to rising costs and lower natural gas prices.

  • U.S. crude oil fell 2% on Tuesday on expectations of rising supplies and a rebound in refinery throughput ahead of summer driving season in the United States, the world's biggest market.

  • Crude oil futures ended lower, sliding late in a choppy session that saw May RBOB gasoline futures up sharply ahead of its contract expiration, reaching an 11-month high at one point, amid refinery snags and supply concerns.

  • U.S. May Face Tight Gasoline Supplies This Summer Friday, 27 Apr 2007 | 11:07 AM ET
    Gas Pump

    Phil Flynn, a member of Alaron Trading, told CNBC’s “Squawk Box” that the U.S. may face tight gasoline supplies this summer.“(Production numbers) better change soon,” Flynn said Friday. “Otherwise, we’re going to have big problems in this country. I don’t know how we’re going to get gasoline supplies where they need to be by Memorial Day. We need to be at 210 million barrels in just a few weeks. We’re at 194 million.”

  • Green Technology Revs Up Venture Capitalists Friday, 20 Apr 2007 | 4:18 PM ET

    Investment in alternative energy is surging and it’s not simply the result of the politically correct investing crowd. Venture capitalists are taking an active interest in the sector.

  • Angel Mata, managing director of equity trading at Stifel, Nicolaus Capital Markets, told CNBC’s “Power Lunch” that investors should keep an eye on bank earnings next week.“On Monday and Tuesday, a lot of the banks reporting,” Mata said Friday. “The banks have clearly been one of the most underperforming groups since the beginning of the year. I have a hard time believing that the market can sustain any kind of upward momentum without the banks turning around.”

  • Tight Gasoline Supplies Expected This Summer Friday, 13 Apr 2007 | 10:39 AM ET

    Phil Flynn, a representative of Alaron Trading, told CNBC’s “Squawk Box” that refinery outages and strong demand will create tight gasoline supplies this summer.“This is the worst I have ever seen it at this time of year,” Flynn said Friday. “Our supply vs. demand has never been this tight before. It’s going to be a very dangerous summer and real bad luck for the consumers.”

  • $3 Gallon of Gas a Sure Thing This Summer, Trader Says Tuesday, 10 Apr 2007 | 1:30 PM ET

    Anthony Grisanti, an oil trader at GRZ Energy, told CNBC’s “Power Lunch” that $3-a-gallon gasoline this summer is a foregone conclusion. “Throw in a hurricane, and you could have $4 (a gallon) no problem at all," he added.

  • Lehman Enters Qatar to Expand Middle East Push Thursday, 5 Apr 2007 | 4:43 AM ET

    U.S. bank Lehman Brothers Holdings has been granted a license to operate in Qatar, where it plans to expand its Middle East business after it moved into Dubai last year.

  • Strategist Sees Stocks Peaking in 12 to 18 Months Wednesday, 4 Apr 2007 | 2:43 PM ET

    Don Hays, president and chief investment strategist at Hays Advisory, told CNBC’s “Street Signs” that he expects the market to peak in the next 12 to 18 months with a 20% gain in the S&P 500.He said growth stocks will do even better. “What we wanted to do was buy when the market was panicked three to five weeks ago,” Hays said Wednesday. “That’s exactly what we did. We’re feeling very good today.”