WASHINGTON, March 10- The U.S. Navy has awarded contracts worth nearly $1.4 billion to buy four more Littoral Combat Ships- two from Lockheed Martin Corp and two from Australia's Austal, the U.S. Defense Department said on Monday.» Read More
Given the doom and despondency across so many parts of the EU economy and with European governments tumbling over themselves to reverse years of living beyond their means, next week's Paris Air Show at Le Bourget should provide something to cheer, writes Howard Wheedon, Senior Strategist at BGC Partners.
And it’s off - the Bahrain Formula One Grand Prix that was recently reinstated on Oct. 30 has been postponed yet again.
The aviation industry is in recovery mode, but a lot depends on whether positive forecasts for 2011 and 2012 pan out. The Paris Air Show in late June will shed some light on that.
As OPEC ministers met in Vienna this week it became clear that the cartel is now divided between those wanting to raise output, like Saudi Arabia, and those wanting to hold it and keep prices high.
Investors may be wary of putting their money in the Middle East and the Arab peninsula given the political turmoil which has shaken the region in recent months, but it offers investment opportunities worth considering, one fund manager told CNBC.
Al-Qaeda's plans to recruit terrorists via a new English-language magazine have been disrupted by the British intelligence agency MI6, which replaced bomb-making instructions on the website with recipes for cupcakes, UK newspaper the Daily Telegraph reported on Friday.
Even as Yemen’s political crisis deepens, the country is on the brink of an economic collapse so dire it could take years to recover, and hobble efforts to rebuild its fragmented society, the New York Times reports.
The state of emergency in Bahrain, a business hub scrambling to salvage its business-friendly brand, has now been lifted.
The pledge that emerged from the G8 summit in Deauville sees international development banks supplying $20 billion in aid to Tunisia and Egypt for 2011-2013. That is in addition to bilateral support.
Republican presidential contender Tim Pawlenty said he can unite the party and defeat President Obama in 2012.
It feels strange to be on a flight back to Tahrir Square in downtown Cairo, to cover what’s been dubbed Egypt’s Second Revolution. The last one, which brought down the regime of former President Hosni Mubarak, was just over three months ago.
The anti-corruption group Global Witness says it has obtained a document that details for the first time the involvement of Western banks—including some in the U.S.—in financing the regime of Libyan leader Moammar Gaddhafi.
If the U.S. Congress hadn't approved the military operations in Iraq or Afghanistan during the Bush presidency there wouldn't be the need to raise the debt ceiling now, U.S. Rep. Barney Frank told CNBC Wednesday.
Republican presidential candidate Ron Paul is worried about the falling value of the U.S. dollar and doesn't want the debt ceiling raised, he told CNBC Wednesday. He would rather see the U.S. sell off its gold reserves and cut military spending drastically.
The lack of world peace affects the economy by trapping productivity and removing vital resources, according to an international research institute which also put the cost of global violence at $8.1 trillion last year.
The most prominent Israeli-American business leader in the United States, Haim Saban, says President Obama needs to do more to show his support of Israel, in light of the President’s comments last week suggesting Israel needs to return to its pre-1967 borders to achieve peace with the Palestinians.
It has almost been two years since US President Barack Obama took the stage at Cairo University, reaching out to a mesmerized audience and seeking "a new beginning between the United States and Muslims around the world".
The European Union has extended a blacklist of individuals and companies with links to Iran’s nuclear and ballistic missile programs as it looks to clamp down on investment and technology transfer into the country.
The military may have spent 10 years tracking down and finally killing Osama bin Laden, but a company that fights its battles with magical spells and dragons may be the one that ultimately cashes in on the military operation, the Christian Science Monitor reports.
It’s going to be a sizzling summer for the Middle East. You stand a lot to gain, or say a lot less to lose, if you’ve done the prep work.