GO
Loading...

Middle East

More

  • Iran nuclear talks intensify as deadline approaches

    David Gordon, International Capital Strategies, provides insight on the developing situation in Iran, as negotiations hit a snag.

  • *Iran negotiations in Lausanne enter last 24 hours. LONDON, March 31- Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets. With a self-imposed deadline set for the end of the day, the United States, Britain,...

  • *Oil imports from Iran at 220,000 bpd in year to March 31. *U.S. pressured India not to raise annual Iran oil imports. NEW DELHI, March 31- India halted oil imports from Iran for the first time in at least a decade in March as New Delhi responded to U.S. pressure to keep its shipments from Tehran within sanction limits during the last month of negotiations on a preliminary...

  • LONDON, March 31- The euro remained on track for its biggest quarterly fall and European shares for their best first quarter of the euro era on Tuesday as worries about Greece's finances kept the single currency under pressure. It is up a whopping 16 percent since Jan. 1, with Germany's DAX up 23 percent and France's CAC 19 percent higher, compared to a more modest 5...

  • KUWAIT CITY— International donors committed $3.8 billion in aid for Syrians affected by the grinding civil war at a donors' conference in Kuwait on Tuesday, less than half of what the U.N. requested for this year to cope with the growing humanitarian crisis. More than a quarter of the total came from two countries: Kuwait, which hosted the third annual conference...

  • *FACTBOX on Iran oil sanctions. DUBAI/ NEW DELHI/ HONG KONG, March 31- A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable. Under sanctions Iran became adept at offering discounts, easy credit and free shipping to keep in the game, recalling...

  • TOKYO, March 31- Asian purchases of Iranian crude fell by a quarter in February from a year ago, led by big drops in India and South Korea, although the future of Tehran's oil exports remains murky as it and six world powers race to reach a preliminary nuclear deal. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- though down on-year, bounced...

  • Despondent Gazans return to destroyed homes Tuesday, 31 Mar 2015 | 2:12 AM ET

    The returns reflect a failure by local authorities and the international community to rebuild Gaza after a devastating war between Israel and Hamas militants last summer. An estimated 18,000 homes throughout Gaza were destroyed during the 50- day war, displacing 110,000 people, according to the United Nations. Israeli ground forces took up positions on the...

  • WASHINGTON— Hillary Rodham Clinton emailed her staff on an iPad as well as a BlackBerry while secretary of state, despite her explanation she exclusively used a personal email address on a homebrew server so that she could carry a single device, according to documents obtained by The Associated Press. The State Department released a total of four emails...

  • BEIJING— A groundbreaking solar-powered plane successfully flew from Myanmar to central China early Tuesday as part of an historic round-the-world journey promoting renewable energy use. The organizers of the Solar Impulse 2 flight wrote in a statement that the plane landed in Chongqing, China, at 1:35 a.m. Tuesday, after leaving Mandalay, Myanmar, more...

  • BEIJING— A groundbreaking solar-powered plane successfully flew from Myanmar to central China early Tuesday as part of an historic round-the-world journey promoting renewable energy use. The organizers of the Solar Impulse 2 flight wrote in a statement that the plane landed in Chongqing, China, at 1:35 a.m. Tuesday, after leaving Mandalay, Myanmar, more...

  • *China announces steps Monday to prop up sliding house prices. TOKYO, March 31- Asian stocks rose on Tuesday after a rally on Wall Street and steps by China to shore up its economy boosted risk appetite, while Greek debt worries again haunted the sagging euro. After unveiling details over the weekend for a modern " Silk Road" that could pump tens of billions of dollars...

  • NYMEX-Oil extends fall; U.S. oil stocks seen rising Monday, 30 Mar 2015 | 7:52 PM ET

    TOKYO, March 31- U.S. crude futures extended declines to a third day on Tuesday to hold below $49 a barrel, under pressure ahead of industry data due out later that is likely to show another solid build in U.S. commercial crude inventories. *NYMEX crude for May delivery was down 8 cents at $48.60 a barrel by 0034 GMT. *It settled down 19 cents at $48.68 on Monday as Iran and...

  • March 30- Aluminum maker Alcoa Inc said on Monday it will shut its only remaining smelter in Brazil, the latest victim of a toxic mix of weak metal prices and high energy costs. The closure will cut Brazil's annual production to under 900,000 tonnes even as consumption is expected to grow as South America's largest economy prepares to host the 2016 Olympics.

  • *China shares hit seven-year high on ambitious Silk Road project. Also Monday, Israel's Teva Pharmaceutical Industries said it would buy U.S. biopharmaceutical firm Auspex Pharmaceuticals Inc for $3.5 billion, and Ireland's Horizon Pharma Plc agreed to buy U.S. drugmaker Hyperion Therapeutics Inc for about $1.1 billion. Earlier, China unveiled details of an...

  • Commodities tomorrow: Traders focus on Iran   Monday, 30 Mar 2015 | 4:00 PM ET
    Commodities tomorrow: Traders focus on Iran

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Traders focus on Iran, but headlines from the State Department drove crude higher by the end of the day.

  • FACTBOX-Sanctions on Iran's oil sector Monday, 30 Mar 2015 | 12:32 PM ET

    March 30- World powers are trying to reach a framework deal with Iran that would restrict the most sensitive aspects of Tehran's atomic programme in return for an easing of international sanctions. The major oil-related sanctions have been imposed by the United States and European Union to pile pressure on Iran over its nuclear programme.

  • HONG KONG— The president and CEO of The Associated Press called on Monday for changes to international laws that would make it a war crime to kill journalists or take them hostage. "But guess what: That labeling now is more likely to make them a target," he said in a speech at Hong Kong's Foreign Correspondents' Club. One of the most high profile killings was that of AP...

  • LONDON, March 30- China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week. Tanker data listed it as being run by Glasford, the shipping-arm of PetroChina. Trading sources estimate Yemen's oil exports before...

  • Santelli Exchange: $40 'love'   Monday, 30 Mar 2015 | 11:48 AM ET
    Santelli Exchange: $40 'love'

    CNBC's Rick Santelli reports the latest in dropping crude prices and the Middle East.